News

Hampton Cove Shops

Owens Cross Roads, Ala. — Franklin Street has brokered the sale of Hampton Cove Shops, a 41,681-square-foot retail center located in Owens Cross Roads, approximately 15 miles southeast of Huntsville. Bryan Belk and John Tennant of Franklin Street represented the seller, Fairway Investments, in the transaction. Prudent Growth Partners purchased the property for $7.6 million. Built in 2008, Hampton Cove Shops was 96 percent leased at the time of sale to tenants including Dollar Tree, H&R Block, sports bar Jefferson’s, We Rock the Spectrum Kid’s Gym and ALFA Insurance.

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IKEA

Conshohocken, Pa. — IKEA plans to open four additional U.S. stores in 2026, building on the six locations the company previously announced. The newest stores will be located in metro Chicago; Tulsa, Oklahoma; Fort Collins, Colorado; and suburban Los Angeles. In 2025, IKEA opened 14 new retail locations, including two new small-format stores in Arcadia, California; and San Marcos, Texas. Nine “Plan & Order Points” with integrated pickup services were also launched in markets such as Charlotte, North Carolina; Roseville, Minnesota; and Ontario and Colma, California. The 2026 new store openings …

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Saks-Chicago

New York City — Saks Global Enterprises is advancing its planned optimization across its real estate portfolio by announcing the closure of an additional 12 Saks Fifth Avenue stores and three Neiman Marcus locations. This builds on initial closures announced last month. While select markets will be streamlined to include either a Saks Fifth Avenue or Neiman Marcus store based on considerations for each location — including performance and customer preference — the company will continue to operate both brands in luxury destinations that represent a growth opportunity. With the announced closures, Saks Global …

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156-Bleecker-Street

New York City — Marcus & Millichap has arranged the $21.3 million sale of 156-168 Bleecker Street, a 27,541-square-foot retail condominium located in the Greenwich Village neighborhood of Manhattan. Mission Capital, a subsidiary of Marcus & Millichap Capital Corp. (MMCC), arranged acquisition financing. Eric Anton and Adam Steiner of Marcus & Millichap, along with David Tobin, Spencer Kirsch and Pierre Bonan of Mission Capital, represented the seller and procured the buyer in the transaction. Built in 1896, 156-168 Bleecker Street includes eight retail suites totaling 26,752 square feet and a …

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new-mark-shopping-center

Kansas City, Mo. — Block & Co. Inc. Realtors has negotiated the sale of New Mark Shopping Center, an 81,884-square-foot neighborhood center located at North Oak Trafficway and 102nd Street in Kansas City. A 52,000-square-foot Sun Fresh Grocery anchors the center, which was 95 percent leased at the time of sale. David Block and Jay Friedman of Block & Co. represented the seller in the transaction. The buyer, an out-of-state investor, purchased New Mark Shopping Center for an undisclosed price. Block & Co. has managed and leased New Mark since acquiring the property in …

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The Switchyard

Queen Creek, Ariz. — Creation, in partnership with Horizon Real Estate, has signed leases with four new tenants at The Switchyard, a 10-acre mixed-use development located at the northeast corner of Ellsworth and Ocotillo roads in the Phoenix suburb of Queen Creek. Bamboo Sushi, ROOM and PORCH, Zara Nail Bar and Edward Jones will all occupy space within the same building. Previously confirmed tenants included Snooze, an A.M. Eatery, Shake Shack and Postino Wine Café, all of which are expected to open by the end of the year. Upon completion …

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Starbird

San Francisco — San Francisco-based fast-casual chicken chain Starbird has signed a franchise agreement with Mac Haik Restaurant Group to develop 36 new restaurants in Texas. Beginning in 2027, the partnership will bring locations to Houston, Austin and San Antonio. The agreement represents the largest development deal in Starbird’s history and a significant step in the brand’s long-term growth strategy as it enters its second decade. Founded by restaurant entrepreneur Aaron Noveshen through his firm, The Culinary Edge, Starbird currently operates 19 locations across the Bay Area, Southern California and Colorado.

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1415-35-N-Kingsbury

Chicago — Greenstone Partners has brokered the $19.5 million sale of a 54,000-square-foot retail center located at 1415-1417 N. Kingsbury St. in Chicago’s Clybourn Corridor. A venture between Chicago-based Honore Properties and Peerless Development acquired the fully leased property. Danny Spitz and AJ Patel of Greenstone represented the seller, Los Angeles-based Westwood Financial, in the transaction, which marks the fourth acquisition in the immediate corridor for Honore and Peerless. Spitz previously represented the venture in the acquisition of the adjacent property at 821 W. Eastman St. Originally acquired by Westwood …

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Quick_Quack_Murrieta

Murrieta, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.9 million sale of two single-tenant retail properties located in Murrieta, roughly 65 miles north of San Diego. The property features two separate, standalone pads across 1.8 acres. Quick Quack Car Wash occupies 4,126 square feet on a 20‑year, absolute triple‑net ground lease that includes 12 percent rental increases every five years. There are 17 years remaining on the lease with multiple renewal options. Popeyes will occupy a 1,983-square-foot restaurant on the other pad on a 20-year absolute, triple-net …

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The-District-at-the-Park

Berkeley Heights, N.J. — The Connell Co. has signed leases with five new tenants at The Park, a 185-acre mixed-use campus located in the northern New Jersey community of Berkeley Heights. The newest retailers will be situated within The District at The Park, a 60-acre downtown that will be anchored by a walkable main street and 160,0000 square feet of lifestyle, wellness and dining options. Four Spoons Ice Cream Co., Doner Shack, Café Exchange, Prime IV Hydration & Wellness and Greatness Wins will debut in July. In addition to the …

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