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LEGO Discovery Center
EntertainmentLeasingNewsVirginia

LEGO Discovery Center to Open Next Year at Springfield Town Center in Metro Washington, D.C.

by Hayden Spiess

Springfield, Va. — A 32,000-square-foot LEGO Discovery Center is scheduled to open next summer at Springfield Town Center in Springfield. Designed for families with children ages 2 to 12, the Discovery Center will feature interactive activities, workshops and play. Experiences will include a digital “Space Mission,” wherein children and families can build — and then digitally scan and fly — space rockets. Offerings will also include a preschool-focused LEGO DUPLO area tailored to younger children. Of the addition of the LEGO location to Springfield Town Center, Joseph Coradino of the …

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Rock-Row-Portland-Maine
DevelopmentMaineMixed-useNews

Wilder Signs on as Development Partner for $600 Million Mixed-Use Development in Portland, Maine

by Hayden Spiess

Portland, Maine — Wilder has taken on the role of development partner at Rock Row, a 2 million-square-foot mixed-use property centered around a 26-acre natural stone quarry located in Portland. This move marks an expansion on the company’s involvement as retail merchandising specialist for the development. In conjunction with owner and developer Waterstone Properties, Wilder will oversee all new phases of development, including the addition of 1.6 million square feet of retail, dining, hotel, residential, office and entertainment space. Rock Row features 500,000 square feet of retail space, 400,000 square …

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Chino-Village-Chino-CA
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $8.4 Million Sale of Chino Village Shopping Center in Southern California

by Hayden Spiess

Chino, Calif. — Progressive Real Estate Partners has brokered the sale of Chino Village, a neighborhood retail center located at 4103 Riverside Drive in Chino. An Orange County-based seller sold the property to a Los Angeles-based private investor for $8.4 million. The purchase included the retail center and approximately 2.5 acres of undeveloped land with flexible zoning. Built in 1984, Chino Village features 20,600 square feet of retail space with more than 380 feet of frontage along multiple points of access. Current tenants include Jiffy Lube, Subway, Wienershnitzel and a …

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Shops-on-Montview-Denver
ColoradoInvestment salesNews

JLL Brokers Sale of 8,511-Square-Foot Shopping Center in Denver

by Hayden Spiess

Denver — JLL Capital Markets has arranged the sale of The Shops on Montview, an 8,511-square-foot retail center located in the Central Park neighborhood of Denver. Tenants at the center — which was built in 2020 and was 100 percent leased at the time of sale — include I Heart Mac & Cheese, Pizza Hut, Smile Studio Dental and Starbucks Coffee. Jason Schmidt of JLL represented the seller, Miller United Real Estate LLC, in the transaction.

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Galley-Levee_Newport-Kentucky
DevelopmentKentuckyNewsRestaurants

North American Properties, Galley Group to Open Food Hall at Newport on the Levee in Kentucky

by Hayden Spiess

Newport, Ky. — North American Properties (NAP) has partnered with Galley Group, a Pittsburgh-based food hall operator, to open a new food hall and bar at Newport on the Levee, a mixed-use destination along the Ohio River in Newport. The 7,900-square-foot venue, dubbed The Galley on the Levee, will feature four restaurants and a signature bar that will be able to accommodate 200 patrons. Designed by Reztark Design Studio, the food hall will open onto Bridgeview Box Park, an open-air shipping container park that opened in 2020 as part of …

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Walgreens-Miami-Beach-Fla
FloridaInvestment salesNet leaseNews

Northmarq Brokers $35.3 Million Sale of Walgreens-Occupied Property in Miami Beach, Florida

by Hayden Spiess

Miami Beach, Fla. — Northmarq has arranged the sale of a 22,857-square-foot property located at 509 Collins Ave. in Miami Beach. Jason Maier of Northmarq represented the buyer, a New York-based private investor, in the $35.3 million transaction. The single-tenant property, which was sold by an undisclosed New York-based individual, is leased to Walgreens on a triple-net basis.

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Whole-Foods-North-Cicero-Avenue-Chicago
IllinoisInvestment salesNews

Whole Foods-Occupied Property Trades Hands for $18.1 Million in Chicago’s Sauganash Neighborhood

by Hayden Spiess

Chicago — A California-based family trust has acquired a retail building occupied by Whole Foods Market in Chicago for $18.1 million. The 41,148-square-foot store is situated on the first floor of a condominium development at 6020 N. Cicero Ave. within the Sauganash neighborhood. Isaiah Harf of Northmarq represented the seller, a Maryland-based private investor, in the transaction. The property was built in 2017.

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Shops-at-Pier-Village-Long-Branch-NJ
LeasingNew JerseyNews

Three New Tenants Join Pier Village Shopping Center in Eastern New Jersey

by Hayden Spiess

Long Branch, N.J. — Three new tenants will join the roster at The Shops at Pier Village, a retail center comprising over 140,000 square feet in Long Branch. Lifestyle brand Salt Life will occupy 3,453 square feet; beauty retailer Strand Salon will lease 5,000 square feet; and healthcare concept Remedy Realm will take over 1,729 square feet. Each of the businesses is scheduled to open by spring of 2023. Ryan Starkman of Pierson Commercial arranged the leases on behalf of Kushner, which acquired the center in 2014. Other tenants at …

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LeasingNew YorkNews

Newmark Arranges 4,500-Square-Foot Lease with GOLFTEC in Manhattan

by Hayden Spiess

New York City— Newmark Retail has arranged a lease with GOLFTEC, a golf instruction company, at 10 E. 40th Street in Midtown Manhattan. GOLFTEC will occupy 4,500 square feet of space at the ground-floor property, which comprises 8,000 square feet in total. Ariel Schuster and Tyler King of Newmark negotiated the lease on behalf of the landlord, Joseph P. Day Realty. This will be the flagship location for GOLFTEC, as well as its first standalone store in Manhattan.

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Ovation
DevelopmentMixed-useNewsTennessee

Joint Venture to Develop 145-Acre Mixed-Use Project in Metro Nashville

by Hayden Spiess

Franklin, Tenn. — Toro Development Co. (TDC), Highwoods Properties Inc. and Ignite Realty Partners (IRP) have partnered to develop Ovation, a 145-acre mixed-use project located in Franklin, roughly 20 miles south of Nashville. Highwoods will deliver the office component of the project, with TDC developing a 60-acre parcel comprising retail, multifamily residential and hospitality uses. TDC’s team is led by Mark Toro, John Kelley, Richard Munger, Vicky Boyce and Carla Cox. Mars Petcare’s North American headquarters — which is owned and was developed by Highwoods and features collaborative office space …

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