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Erie Highlands
ColoradoCompany newsDevelopmentLeasingNews

Evergreen Devco Breaks Ground on Retail Development in Metro Denver

by Abby Cox

Erie, Colo. — Evergreen Devco Inc. has broken ground on Erie Highlands, a 12.7-acre neighborhood retail development located in Erie, approximately 27 miles north of Denver. Situated at the southwest corner of Country Road 5 and Erie Parkway, the development will provide dining options and retail services to serve the Town of Erie’s expanding residential base and the adjacent Erie High School community. Evergreen Devco originally acquired the site in January 2025. Golden Triangle Construction will execute the onsite and offsite horizontal infrastructure development, while Legend Partners will handle leasing …

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FinanceInvestment salesNew YorkNews

Blue Owl Capital Provides $41.3 Million in Financing for The Shops at Front & York in Brooklyn

by Abby Cox

Brooklyn, N.Y. — Blue Owl Capital has provided $41.3 million in financing for the acquisition of The Shops at Front & York, the 150,000-square-foot retail component of the larger Front & York mixed-use development. Situated in Brooklyn’s DUMBO neighborhood and built in 2021, The Shops at Front & York is anchored by LifeTime Fitness and spans an entire city block. Max Ralby and Jordan Roeschlaub of Newmark secured the single-source, fixed-rate financing on behalf of the borrowers, Namdar Realty Group and Klosed Properties.

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Paddock Mall_Sears
ColoradoCompany newsFloridaInvestment salesKentuckyMallsMontanaNews

CBL Properties Acquires Four Enclosed Malls from Washington Prime Group for $178.9 Million

by Abby Cox

Chattanooga, Tenn. — Chattanooga-based CBL Properties has acquired four enclosed regional malls from Washington Prime Group for $178.9 million. The properties include Ashland Town Center in Ashland, Kentucky; Mesa Mall in Grand Junction, Colorado; Paddock Mall in Ocala, Florida; and Southgate Mall in Missoula, Montana. CBL says it is focused on owning and managing successful enclosed malls in dynamic and growing middle markets. The deal suggests mall recovery extends beyond luxury properties, driven by limited retail construction since 2008, according to The Wall Street Journal. Ashland Town Center is a single-level …

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Lynnhaven Square
Investment salesNewsVirginia

National Asset Services, Colliers Negotiate $8.6M Sale of Lynnhaven Square in Virginia Beach

by Abby Cox

Virginia Beach, Va. — National Asset Services (NAS) and Colliers have negotiated the $8.6 million sale of the 22,933-square-foot Lynnhaven Square in Virginia Beach on behalf of the shopping center’s ownership group. The center was last acquired in 2005 by a group of eight tenant-in-common (TIC) investors. NAS has served as the asset management company for the group since 2008. Shirlee Kingsley of NAS secured a refinancing solution in 2015 that preserved the original TIC ownership structure and its tax advantages. Lynnhaven Square has maintained full occupancy both during the 2015 …

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Merchants Plaza
FloridaInvestment salesNews

CrownPoint Partners Arranges $4.5 Million Sale of Multi-Tenant Retail Center in Cape Coral, Florida

by Abby Cox

Cape Coral, Fla. — CrownPoint Partners has arranged the $4.5 million sale of Merchants Plaza, a 15,000-square-foot, multi-tenant neighborhood retail center in Cape Coral. Located at 155-159 Hancock Bridge Parkway, the center sits on 1.2 acres and was fully leased to seven tenants including Tires Plus, PI Pizza, Hancock Smoke Shop, Lee Nails, Floral Designs, Palm Tree Massage Spa and Cape Palace Arcade at the time of sale. According to CrownPoint Partners, the center was refurbished in 2023 with a new roof, upgraded HVAC systems, LED lighting, a new pylon …

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Westside Bottling
DevelopmentInvestment salesNewsNorth Carolina

Ardent Closes on Land Acquisition for Mixed-Use Project in Durham, Signs Leases with Sprouts and Shake Shack

by Abby Cox

Durham, N.C. — The Ardent Cos. has closed on the land acquisition for Westside Bottling, a mixed-use development located on the former Durham Coca-Cola Bottling Co. warehouse site in Durham. Ardent plans to break ground in August on the development, which will feature 70,000 square feet of retail space, 370 multifamily residences and 35 for-sale townhomes upon completion. Westside Bottling’s retail component is currently 70 percent preleased to tenants including Sprouts Farmers Market, Shake Shack, Ulta Beauty, Club Pilates, First Watch and Vernis Nail Salons. First Citizens Bank, which had an …

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Nordstrom Rack
Company newsDevelopmentNewsWashington

Nordstrom Rack to Open Five New Locations in 2026 

by Abby Cox

Seattle — Seattle-based fashion retailer Nordstrom Inc. plans to open five new Nordstrom Rack outlet stores next year. The stores will be located in Elmwood, Louisiana; Williamsburg, Virginia; Canton, Ohio; Deptford, New Jersey; and Mansfield, Massachusetts. Nordstrom Rack is the off-price retail division of Nordstrom Inc. Nordstrom Rack offers customers up to 70 percent off on-trend apparel, accessories, beauty products, home decor and shoes from many of the top brands sold at traditional Nordstrom stores. The Elmwood location will open in spring 2026, while the remaining openings are scheduled to debut …

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DG Market
FloridaInvestment salesNews

MHCommercial Real Estate Fund Buys 90,000-Square-Foot Retail Center on Florida’s Space Coast for $9 Million

by Abby Cox

Merritt Island, Fla. — MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has purchased Merritt Crossing, a 90,000-square-foot shopping center on Florida’s Space Coast, for approximately $9.1 million. Situated across 15.3 acres on Merritt Island, the property was built in 1983 and renovated in 2002. DG Market and Planet Fitness anchor Merritt Crossing, which was 92.3 percent leased at the time of sale. Other tenants include The Health Bar, a hair studio, a daycare and multiple …

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FloridaInvestment salesNews

Regency Centers Obtains Five Southern California Shopping Centers Totaling 630,000 Square Feet for $357 Million

by Abby Cox

Jacksonville, Fla. — Jacksonville, Florida-based Regency Centers Corp. has obtained five shopping centers within the 23,000-acre master-planned community of Ranch Mission Viejo in Orange County, California, for $357 million. The properties, which comprise 630,000 square feet, include Bridgepark Plaza, Mercantile West, Mercantile East, Terrace Shops and Sendero Marketplace. The portfolio is 97 percent leased to a mix of needs-based tenants such as grocers, restaurants, and health, wellness and personal service uses. The seller was Newport Beach, California-based Westar Associates. Regency funded the acquisition with a combination of operating partnership (OP) …

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Fairlane North
Investment salesMichiganNews

Mid-America Brokers Sale of 151,121-Square-Foot Shopping Center in Dearborn, Michigan 

by Abby Cox

Dearborn, Mich. — Mid-America Real Estate Corp. has brokered the sale of Fairlane North, a 151,121-square-foot shopping center in Dearborn. The property will be rebranded as Dabaja Fairlane North Properties. The center is fully leased to Value City Furniture, Crunch Fitness, Forman Mills, Happy’s Outlet and Verizon Wireless. Ben Wineman, Eric Geskermann, Daniel Stern and Tony Schmitt of Mid-America represented the seller, a private investment group, in the transaction. Ali Charara of Century 21 Curran & Oberski represented the buyer, metro Detroit-based Dabaja Brothers Development Group. The transaction represents the …

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