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The Village at Causeway
FloridaInvestment salesNews

Marcus & Millichap Brokers $12.9 Million Sale of Retail Center in Tampa, Florida

by Abby Cox

Tampa, Fla. — Marcus & Millichap has brokered the $12.9 million sale of The Village at Causeway, a 27,860-square-foot retail center located in Tampa. Built in 2019, the property is home to 13 tenants, including Canopy Road Café, Game Over Tampa, Jimmy John’s, Strandhill Social, OneZo and PT Solutions. The center is situated on 6.6 acres. Zach Taylor, Eric Abbott, Evan Cannan and Reid Thedford of Marcus & Millichap marketed the property on behalf of the seller, a Tampa-based private developer, and secured the buyer, an institutional strip center investor, …

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Park 10 at Avondale
ArizonaDevelopmentNewsRestaurants

Gantry Secures $9 Million Construction Financing for Retail Center in Suburban Phoenix

by Abby Cox

Avondale, Ariz. — Gantry has secured a $9 million construction loan for the development of Phase IV of Park 10 at Avondale, a mixed-use development located in the West Valley Phoenix suburb of Avondale. Situated on eight acres, Phase IV will include a build-to-suit restaurant for Cooper’s Hawk, as well as a second building that offers inline restaurant space for 85C Bakery and an unannounced third tenant. Adam Parker and Chad Metzger of Gantry’s Phoenix office represented the borrower, Parkland Development, in the transaction. A regional bank provided the three-year, …

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Cross Creek Center
FloridaInvestment salesNews

IPA Arranges Sale of Cross Creek Center in Metro Fort Lauderdale

by Abby Cox

Boynton Beach, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Cross Creek Center, a 37,201-square-foot shopping center located in the Fort Lauderdale suburb of Boynton Beach. Built in 1988 and renovated in 2014, the center was 97 percent leased at the time of sale. Tenants at the property include Stanton Optical, The UPS Store, Smoothie King and Metro by T-Mobile. Drew Kristol and Kirk Olson of IPA represented the seller, Janoura Realty, and procured the buyer, Phillips Edison & Co., in …

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Foot Locker
Company newsNew YorkNewsPennsylvania

DICK’S Sporting Goods to Acquire Foot Locker for $2.4 Billion, Keep Brand Intact

by Abby Cox

Pittsburgh and New York City — DICK’S Sporting Goods Inc. has entered into a definitive merger agreement with footwear and apparel retailer Foot Locker Inc. Under the agreement, sporting goods retailer DICK’S will acquire Foot Locker for an equity value of roughly $2.4 billion and an enterprise value of $2.5 billion.  Foot Locker operates approximately 2,400 retail stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. Foot Locker’s portfolio of brands also includes Kids Foot Locker, Champs Sports, WSS and atmos.  DICK’S plans to operate Foot …

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Wayfair
Company newsDevelopmentLeasingNew YorkNews

Wayfair to Open 114,000-Square-Foot Store in Metro New York

by Abby Cox

Yonkers, N.Y. — Online retailer Wayfair will open a 114,000-square-foot store in the New York City suburb of Yonkers. Located within Ridge Hill, a 1.3 million-square-foot mixed-use development, the Yonkers store marks Wayfair’s third large-format location, which is scheduled to open in early 2027. Wayfair’s first physical retail store opened in May 2024 in Wilmette, Illinois, while its second location in Atlanta will open in 2026. Adam Schwegman and Morgan Liesenfelt of Jamestown led lease negotiations in the transaction. A joint venture between Jamestown, Nuveen Real Estate and Taconic Partners …

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Pacific Shopping Mall
Grocery-anchoredHawaiiInvestment salesNews

CBRE Facilitates Sale of 79,000-Square-Foot Shopping Center in Nānākuli, Hawaii

by Abby Cox

Nānākuli, Hawaii — CBRE has facilitated the sale of Pacific Shopping Mall, a 79,000-square-foot shopping center located in Nānākuli, roughly 30 miles northwest of Honolulu. Built in 1975, the center is situated on six acres near the Ko Olina master-planned development and Disney’s Aulani Resort. Foodland’s Sack N Save anchors the property, which was 90 percent leased at the time of sale. Additional tenants include O’Reilly Auto Parts, McDonalds, HELE Gas 2 Go, Subway, ColorTyme Rent-To-Own, USPS, Napa Auto Parts and the Waianae Coast Comprehensive Health Center. Nicholas Paulic and AJ Cordero of …

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Grand Bay Plaza
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 77,810-Square-Foot Shopping Center in Fort Meyers, Florida

by Abby Cox

Fort Meyers, Fla. — JLL Capital Markets has arranged the sale of Grand Bay Plaza, a 77,810-square-foot shopping center located in Fort Meyers. Publix anchors the center, which was fully leased at the time of sale. Additional retailers include Sherwin-Williams, The UPS Store and Papa Johns Pizza. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment and Sales Advisory team represented the seller, a Miami-based joint venture between Lombardi Properties and Fox Farm Capital. Wilder represented the private buyer in the transaction. Additionally, Wilder will lead leasing and management for …

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Leominster Plaza
Investment salesMassachusettsNews

Marcus & Millichap Brokers $7.2 Million Sale of Retail Center in Leominster, Massachusetts

by Abby Cox

Leominster, Mass. — Marcus & Millichap has brokered the sale of Leominster Plaza, a 20,279-square-foot retail center located in Leominster, approximately 42 miles northwest of Boston. The center is anchored by a ConvenientMD Urgent Care clinic, which has more than 13 years remaining on its lease. Other tenants at the property include ARA Leominster Dialysis, GEICO and Kids Care+. Adam Cohen and Brett Kilar of the Cohen Group, a division of Marcus & Millichap, marketed the property on behalf of the seller and procured the buyer in the transaction.

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Quebec Square
ColoradoInvestment salesNews

JLL Facilitates $56.7 Million Sale of Quebec Square in Denver

by Abby Cox

Denver — JLL Capital Markets has facilitated the $56.7 million sale of Quebec Square, a 207,611-square-foot power center located 10 miles from downtown Denver. Walmart, The Home Depot and Sam’s Club shadow anchor the center, which sits on 22 acres. Tenants at the property include Ross Dress For Less, Office Depot, PetSmart, Big 5 Sporting Goods and Five Below. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller, ALTO Real Estate Funds, in the transaction. Big Ben Private Real Estate I LP was the …

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Groundbreaking of BJ's Wholesale Club
Investment salesNewsNorth Carolina

AdVenture Development Breaks Ground on BJ’s Wholesale Club at Mixed-Use Development in Selma, North Carolina

by Abby Cox

Selma, N.C. — AdVenture Development has broken ground on a BJ’s Wholesale Club located within the master planned community of Eastfield Crossing, a 3 million-square-foot mixed-use development located in Selma. The new club, which will feature an on-site BJ’s gas station, will total 100,000 square feet. Additional tenants at the development include Academy Sports + Outdoors, Hobby Lobby, Old Navy, Ulta Beauty, Marshalls, Ross Dress For Less, Burlington, Five Below, Chase Bank and Target. Eastfield Crossing is situated on 400 acres and includes a business park, retail and entertainment space, …

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