Baton Rouge, La. — A partnership between New York-based companies DLC and DRA Advisors has acquired Towne Center at Cedar Lodge, a 316,031-square-foot shopping center located in Baton Rouge, near the Louisiana State University campus. The purchase price was $81 million, according to the Baton Rouge Advocate. Whole Foods Market anchors the property, which was 93 percent leased at the time of sale. Other tenants include Barnes & Noble, Nike, Gap and Ulta Beauty.
Buckeye, Ariz. — Vestar has signed leases with five new tenants at Verrado Marketplace, a 500,000-square-foot open-air lifestyle and entertainment center under development in Buckeye, roughly 35 miles west of downtown Phoenix. Retail and restaurant concepts including Sourdough & Co., See’s Candies, CityVet, Great Clips and NextCare are anticipated to open in May 2026 and will occupy a combined 10,000 square feet. Upon completion, Verrado Marketplace will offer a selection of retail, dining and service-oriented options. The new tenants will join a mix of anchors and national brands such as Target, …
Tampa, Fla. — Avison Young has brokered the $5 million sale of Fountain Plaza, a 25,191-square-foot multi-tenant shopping center located at 2800 N. MacDill Ave. in West Tampa. Originally built in 2006, the center sits on nearly 2 acres. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé, Nick Robinson, Nick Mastro and Philip Shapiro of Avison arranged the sale on behalf of the seller, Brusa Inc., in the transaction. Additionally, Nick Mastro and Nick Robinson will lead leasing efforts for the buyer, Landmarc Realty.
Raleigh, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a five-property portfolio of Food Lion-anchored shopping centers totaling 248,030 square feet in the Carolinas. The properties include College Lakes Plaza in Fayetteville, North Carolina; Eden Centre in Eden, North Carolina; Kimberly Park in Carthage, North Carolina.; Kris Krossing in Conway, South Carolina; and West Pointe in Village Asheboro, North Carolina. Raleigh-based Genesis Properties purchased the portfolio from Richmond-based Capital Square for an undisclosed price. Dean Zang and David Crotts of IPA, …
Baton Rouge, La. — Legacy Realty Group Advisors has arranged the sale of Highland Plaza Shopping Center, a 70,405-square-foot shopping center in Baton Rouge. Situated on roughly 6 acres near the Louisiana State University campus, the property is anchored by a Walmart Neighborhood Market. Additional tenants include Lake After Hours, Waka House, OHK Korean Hot Dogs, New Orleans Daquiri and The UPS Store. The center was originally built in 1993 and renovated in 2025, according to Commercial Search. Jacob Baruch, Jonah Warshaw and Ari Warshaw of Legacy Realty Group Advisors …
New York City — Bojangles has signed a franchise agreement to open 20 new units in New York City. Restaurant owner and operator Habib Hashimi of Hashimi Holding Corp. will bring the fast-food concept to the city over the next decade, after a nearly 40-year absence. Construction is underway with Bojangles’ first location in NYC in the East Flatbush neighborhood of Brooklyn, which is anticipated to open this winter. As part of Bojangles’ broader expansion across the New York metro area, the company also recently signed an agreement with a …
Richardson, Texas — Three tenants have signed leases to join CityLine, a 204-acre mixed-use property under development in Richardson, roughly 14 miles north of downtown Dallas. Manny’s Mexican Kitchen will open its fifth restaurant, which will occupy 5,115 square feet. Show Mini Hot Pot will debut its second North American location, totaling 2,267 square feet. Meanwhile, IMAGE Studios will be expanding its space at the property to include 38 additional suites. The recently signed tenants will open this fall alongside a mix of other retailers and restaurants including Club Pilates, …
Miami Gardens, Fla. — Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. ALDI and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale. Other tenants include The UPS Store, Dunkin’ Donuts, Regions Bank and Bright Star Academy. Built in 1987, the center sits on nearly 12 acres. Douglas Mandel and Zach Levine of Marcus & Millichap represented …
Plainfield, Ill. — Locally based Quantum Real Estate Advisors has brokered the $9 million sale of a 55,073-square-foot retail center in Plainfield, about 40 miles southwest of Chicago. Located at 12337 S. Route 59, the property was 97 percent leased at the time of sale to tenants such as Enterprise, One Main Financials, Chop’d and Khaos Brewcade & Kitchen. Brett Berlin of Quantum brokered the transaction. An Illinois-based private investor purchased the property from a local family development company based in Chicago’s western suburbs.
Dalton, Ga. — Matthews Real Estate Investment Services has facilitated the sale of Northside Plaza, a 73,931-square-foot retail center located in Dalton, roughly 30 miles south of Chattanooga, Tennessee. America’s Thrift Stores and Dollar Tree anchor the property, which was 92 percent leased at the time of sale. Other tenants include Subway, Jackson Hewitt Tax Service, PT Solutions, Little Caesars and an outparcel occupied by a freestanding Chick-fil-A. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction. A Texas-based family office purchased Northside Plaza for an undisclosed …
