St. Cloud, Fla. — Walmart plans to anchor a new 40-acre retail development underway in St. Cloud, situated roughly 26 miles southeast of Orlando. The property will include a 187,000-square-foot Walmart Supercenter, a Walmart convenience store and gas station and seven to 10 outparcels. The master developer of the project is The Ferber Co. The Ponte Vedra, Florida-based company is currently underway on site work and underground utility installation at the site. First tenants are expected to open by early 2028. The project team includes Hanson, Walter and Associates Inc., Traffic …
Western U.S. retail markets continue to witness flourishing leasing and investment activity. As in other parts of the country, the primary challenge for retailers and investors alike is finding supply to meet the demand, say SRS Real Estate Partners experts Scott Ellsworth and Gary Chou. In Arizona, Taiwan Semiconductor Manufacturing Company’s $265 billion investment to build six fabrication plants along with packaging and research and development facilities in the Phoenix market is driving economic activity and contributing to population growth. It also has effectively added a sixth “c” – chips …
Knightdale, N.C. — Invesco Real Estate has acquired Knightdale Marketplace, a 323,000-square-foot super-regional shopping center located in Knightdale, roughly 10 miles east of downtown Raleigh. Tom Kolarczyk, Andrew Kahn, Ella Glover and Katie Sanger of JLL represented the seller, a joint venture between affiliates of Bailard Inc. and M&J Willow Ltd. Delivered in 2007 and 2008 on nearly 44 acres, Knightdale Marketplace was fully leased at the time of sale. Tenants include Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & …
Lynwood, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $15 million sale of Atlantic Crossing, a 39,146-square-foot retail center located in Lynwood, roughly 12 miles south of downtown Los Angeles. Built in 2003, Atlantic Crossing was fully leased at the time of sale to tenants including Walgreens, Starbucks, Panda Express, Subway, PNC Bank, AltaMed Health Services, Diamond Dental, Fiesta Auto Insurance, Tutti Frutti and La Carniceria Meat Market. Ayda Kach of Hanley represented the all-cash buyer, a privately held retail real estate investment firm and developer based …
Highland Park, Ill. — Marcus & Millichap has brokered the $7.7 million sale of Garrity Square, a 20,000-square-foot retail property located in Highland Park, approximately 25 miles north of downtown Chicago. The 13-suite center is anchored by a freestanding Starbucks that has operated at the property since 2002, alongside long-tenured food, medical and daily-needs tenants. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller and procured the buyer, a private investor, in the transaction.
Fort Worth, Texas — JLL Capital Markets has arranged a loan to refinance Sawyer Grocery and the Supreme Golf Building, a two-property mixed-use portfolio located in Fort Worth. Kevin Barron and Will Mogk of JLL secured the five-year, fixed-rate, non-recourse loan through a life insurance company on behalf of the borrower, Magnolia Equity Partners. The first property, the Supreme Golf Building, was built in 1918 and renovated in 2018. The building, which was fully occupied at the time of sale, comprises 23 residential units and 25,124 square feet of retail …
Palm Beach Gardens, Fla. — Boston-based Mount Vernon Co. has acquired Promenade Shopping Plaza, a 207,877-square-foot Publix-anchored center located in Palm Beach Gardens, a city in South Florida’s Palm Beach County. The South Florida Business Journal reports the sales price as $67 million. Built in 1989, Promenade Shopping Plaza is situated on nearly 23 acres and was 98 percent occupied at the time of sale. The property features a completely rebuilt 54,964-square-foot Publix prototype store that reopened in May 2025 after the former 42,450-square-foot store was demolished. Additional tenants at the …
North Bend, Wash. — Northmarq has arranged the $8.2 million sale of J.O. Borgen Plaza, a 28,418-square-foot, multi-tenant retail center located in North Bend, approximately 30 miles southeast of Seattle. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq represented the seller and buyer in the deal. J.O. Borgen Plaza is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. The center also features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a …
Norwalk, Conn. — JLL Capital Markets has arranged the sale of Main Avenue Shopping Center, a 156,568-square-foot retail property located in the southern coastal Connecticut city of Norwalk. J.B. Bruno, Kevin O’Hearn and Jose Cruz of JLL represented the seller, The Prusik Group LLC, in the transaction. Originally built in 1996 on roughly 16.3 acres, Main Avenue Shopping Center was fully leased at the time of sale. A 71,878-square-foot Stop & Shop anchors the property, which features additional tenants such as Total Wine & More, Hobby Lobby and Burger King.
Orange, Calif. — Simon has launched a multi-million-dollar renovation of The Outlets at Orange, an 898,000-square-foot open-air shopping center located in Orange, approximately 30 miles northwest of Los Angeles. The revitalization is scheduled to begin this fall, with the majority of the project expected to be completed by 2027. The center will remain open throughout the renovation process. The project aims to bring a fresh, modern look to the shopping center, which will include updated flooring, new seating areas, enhanced landscaping, refreshed signage, added shade structures and updated lighting, as well …