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Shoppes at Cornerstone IV
DevelopmentNewsOhio

Oberer Completes Final Retail Strip Center at Mixed-Use Project Near Dayton, Ohio

by Abby Cox

Centerville, Ohio — Oberer Cos. has completed the final retail strip center within The Cornerstone of Centerville North, called Shoppes at Cornerstone IV, officially marking the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Body Par Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer …

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7-Brew-Indiana
IndianaInvestment salesNews

Marcus & Millichap Arranges $4.3 Million Sale of Two Single-Tenant Retail Properties in Valparaiso, Indiana

by Abby Cox

Valparaiso, Ind. — Marcus & Millichap has arranged the $4.3 million sale of two adjacent single-tenant retail properties in two separate transactions located in Valparaiso. Chipotle is located at 2803 Calumet Ave. and 7 Brew is located at 2805 Calumet Ave. The newly constructed retail buildings operate on 15-year leases. Nicholas Kanich and Mitchell Kiven of Marcus & Millichap listed the property on behalf of the seller, an Indiana-based retail developer and operator, and procured both buyers, a Nevada-based investment and development firm and an Indiana-based investor and residential developer. 

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DevelopmentEntertainmentNewsVirginia

BIVI/Padel Acquires Former Beach Cinema Alehouse in Virginia Beach for $6.3 Million, Plans Redevelopment

by Abby Cox

Virginia Beach, Va. — BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry, creating a social “third space.” The facility is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also of Divaris Real Estate, represented the buyer.

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tdc-second-phase
DevelopmentGeorgiaMixed-useNews

TDC to Break Ground on Second Phase of Medley in Johns Creek, Georgia

by Abby Cox

Johns Creek, Ga. — Toro Development Co. (TDC) plans to break ground on the second phase of Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. TDC and Denver-based Ascentris closed on a $90 million construction loan earlier this month. The second phase, dubbed Encore, will feature an additional 408 apartments and 20,000 square feet of ground-floor retail. TDC has also added seven tenants to its lineup, bringing the total number of executed leases to 37, which represents 78 percent of the project’s retail space …

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Randolph-movie-theater
Investment salesMassachusettsNews

Atlantic Capital Partners Sells Single-Tenant Retail Property in Metro Boston for $9 Million

by Abby Cox

Randolph, Mass. — Atlantic Capital Partners has sold a 112,265-square-foot single-tenant retail property located in Randolph, approximately 15 miles south of downtown Boston, for $9 million. Showcase Cinema occupies the building, which sits on nearly 13.5 acres. Justin Smith, David Smookler, Peter Considine, Danielle Turpin and Matt Austin of Atlantic Capital Partners represented the seller in the transaction and secured the buyer. The three-level theater has been operating since 1997.

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Shops-at-Hamilton-Mill
GeorgiaInvestment salesNews

CenterSquare Sells Shops at Hamilton Mill in Metro Atlanta

by Abby Cox

Dacula, Ga. — CenterSquare has sold the Shops at Hamilton Mill, a 43,518-square-foot retail center located in Dacula, an Atlanta suburb. The six-building center was fully leased to tenants including Wild Wing Café, J. Christopher’s, Kumon Learning Center and Pure Barre. Further details of the transaction were not disclosed.

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Gong-cha-Store-Photo
CaliforniaDevelopmentNewsRestaurants

Gong cha Signs Three-Unit Franchise Agreement in Southern California

by Abby Cox

Boston — International bubble tea brand Gong cha has signed a franchise agreement to develop three new units in Southern California. Franchise operators Gagan and Aman Batta will own and operate the restaurants. The agreement includes locations in Fontana, Eastvale and Jurupa Valley, with the first location expected to open in the third quarter of 2026. Founded in Taiwan in 2006, Gong cha has more than 2,200 locations and is active in over 33 markets.

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500 North Michigan Avenue
IllinoisInvestment salesNews

Newmark Arranges $41 Million Sale of Michigan Avenue Retail Space in Chicago

by Abby Cox

Chicago — Newmark has arranged the $41 million sale of the retail portion of 500 North Michigan Avenue along Chicago’s Magnificent Mile. The 21,565-square-foot space is fully leased to tenants such as Bank of America, Chick-fil-A and Vans. The property traded at a cap rate of 5.93 percent. Keely Polczynski of Newmark represented the undisclosed seller. The buyer was a private investor.

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270-West-Plant-Street_Winter-Garden
FloridaInvestment salesMixed-useNews

Foundry Arranges $24.5 Million Sale of Mixed-Use Building in Central Florida

by Abby Cox

Winter Garden, Fla. — Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando. Delivered in 2021, the 42,800-square-foot property was fully leased to office tenants and retailers at the time of sale. The buyer is James Larweth, a private investor who has actively acquired assets in downtown Winter Garden. Chris DeMartino, Rick Helton, Dale Peterson, Joe Chick and Christine Mansour of Foundry represented the seller, the Keating family, in the transaction. …

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The Village at Allen
Investment salesNewsTexas

JLL Arranges Sale of 851,457-Square-Foot Retail Center in Metro Dallas

by Abby Cox

Allen, Texas — JLL Capital Markets has arranged the sale of The Village at Allen, an 851,457-square-foot retail center located in Allen, approximately 20 miles north of downtown Dallas. Chris Gerard, Barry Brown and Erin Lazarus of JLL represented the seller, an affiliate of DLC Management Corp. and American Realty Advisors. Sterling Organization was the buyer. The Village at Allen spans 109.5 acres and was 89 percent leased at the time of sale. Tenants include T.J. Maxx, HomeGoods, HomeSense, Sierra, Dick’s Sporting Goods, Ross Dress for Less, Best Buy, Nordstrom Rack, …

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