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DevelopmentFloridaMixed-useNews

University of South Florida, Partners Break Ground on $500 Million Mixed-Use Project in Tampa

by Abby Cox

Tampa, Fla. — The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project situated within walking distance of the planned USF on-campus football stadium.  The first phase of the project comprises 30 acres and will include 717 beds of student housing; 152 apartments reserved for graduate students and USF employees; four to six restaurant venues; 68,000 square feet of retail space; a hotel and conference center and academic research facilities.  Delivered through a master development …

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Kimco-JV-Retail-Portfolio
ArizonaCaliforniaFinanceGeorgiaGrocery-anchoredNews

JLL Arranges $154.1 Million in Financing for Six-Property Retail Portfolio Spanning Three States

by Abby Cox

California — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, and Vail Ranch Plaza and Redhawk Towne Center in Temecula, California; North Decatur Station in Decatur, Georgia; and The Summit at …

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park-bench-opening
DevelopmentEntertainmentGeorgiaMixed-useNews

Park Bench to Open Music Venue at $5 Billion Centennial Yards Development in Atlanta

by Abby Cox

Atlanta — Live music and dueling piano bar Park Bench will open a new venue at Centennial Yards, a $5 billion mixed-use development underway in downtown Atlanta. The new location will be situated within the development’s 7.5-acre “Entertainment District,” which includes a 5,300-seat Live Nation venue, an interactive Cosm attraction that opened this summer and a Virgin Hotel. Park Bench’s newest location will sit between and adjacent to Mercedes-Benz Stadium and State Farm Arena. CIM Group and its affiliate firm Centennial Yards Co. are the master developers behind the project, which is transforming a 50-acre site …

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DevelopmentMichiganNebraskaNews

The Learning Experience to Open 12 New Locations Totaling 120,000 Square Feet in Michigan, Nebraska

by Abby Cox

Deerfield Beach, Fla. — Deerfield Beach-based The Learning Experience is set to open 12 new locations over the next three years totaling 120,000 square feet in Michigan and Nebraska. Each center will include up to 10,000 square feet of indoor building space and a 5,000-square-foot playground. Eight locations are planned for Michigan, with six in the Detroit area and two in Grand Rapids. The other four are planned for Nebraska, evenly split between the Lincoln and Omaha metro areas. The Learning Experience is owned by private equity group Harvest Partners …

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DevelopmentFloridaGrocery-anchoredNews

Walmart to Anchor 40-Acre Retail Development in Metro Orlando

by Abby Cox

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 …

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Scott Ellsworth Phoenix SRS Retail Real Estate Services
ArizonaCaliforniaContent PartnersDevelopmentFeaturesFinanceIndustry ContentLeasing

Retail Activity in Western States Focused on High-Growth Submarkets

by Sarah Daniels

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 …

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Knightdale-Marketplace
Investment salesNewsNorth Carolina

Invesco Real Estate Acquires Shopping Center in Metro Raleigh, North Carolina, for $86.7 Million

by Abby Cox

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 & …

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Walgreens
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $15 Million Sale of Walgreens-Anchored Center in Metro Los Angeles

by Abby Cox

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 …

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Garrity Square
IllinoisInvestment salesNews

Marcus & Millichap Brokers $7.7 Million Sale of Retail Property in Metro Chicago

by Abby Cox

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.

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Golf-and-Sawyer
FinanceMixed-useNewsTexas

JLL Arranges Refinancing for Two-Property Mixed-Use Portfolio in Fort Worth, Texas

by Abby Cox

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 …

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