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Twelve Oaks
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Sells 104,915-Square-Foot Shopping Center in Savannah, Georgia, for $35.8 Million

by Abby Cox

Savannah, Ga. — Atlantic Capital Partners has sold Twelve Oaks, a 104,915-square-foot neighborhood shopping center located in Savannah, for $35.8 million. The property was 99 percent leased at the time of sale. Publix anchors Twelve Oaks, which has operated at the site since 1992. Additional tenants include Sephora, Cold Stone Creamery, Great Clips, Five Guys Burgers & Fries, LensCrafters and Bonefish Grill. Twelve Oaks was built in 1985 and is situated on approximately 10 acres. Fred Victor of Capital Markets represented both the buyer, Downers Grove, Illinois-based InvenTrust, and the seller, …

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Palm Square
FloridaInvestment salesNews

Galium Capital Sells Palm Square in Pembroke Pines for $25 Million

by Abby Cox

Pembroke Pines, Fla. — Galium Capital has sold Palm Square, a 77,621-square-foot retail center in Pembroke Pines, for $25 million. Built in 1987 on 8 acres, Palm Square features a mix of tenants including Dunkin’, Sherwin-Williams, KFC, Goldfish Swim School, Smile Xperts Family Dentistry & Orthodontics, Florida Medical Healthcare, Fordham Fitness and the Atlantic Montessori Charter School. Kirk Olson and Drew Kristol of Marcus & Millichap represented the seller and procured the buyer, an affiliate of JBL Asset Management, in the transaction.

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Long Beach Towne Center
Architecture and DesignCaliforniaEntertainmentInvestment salesNewsRestaurantsRetailers

CenterCal Properties, DRA Advisors Buy Long Beach Towne Center, Plan Redevelopment

by Abby Cox

Long Beach, Calif. — CenterCal Properties and DRA Advisors has acquired Long Beach Towne Center, with plans to redevelop the 870,000-square-foot property into a prominent retail and entertainment destination. Redevelopments will include new dining options such as chef-driven restaurants, fast-casual concepts and cafés; new retail brands; outdoor gathering areas with shaded seating, enhanced landscaping, public art and year-round programming; updated entertainment offerings with the addition of boutique fitness, wellness and family-oriented experiences; and renovated signage, lighting, pedestrian pathways and parking areas.

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Company newsDevelopmentNewsRestaurants

Dickey’s Barbecue Pit Continues Expansion, Plans to Surpass 60 New Openings in Fourth Quarter 2025

by Abby Cox

Dallas — Dallas-based Dickey’s Barbecue Pit plans to surpass its anticipated goal of 60 new restaurant openings by the end of 2025. From January to August, Dickey’s opened 46 locations across 17 U.S. states, Canada and the Philippines, and is on track to push its overall store count to more than 400 restaurants worldwide. Additionally, in September 2025, Dickey’s Barbecue Pit announced plans to open a new restaurant in Cañon City, Colorado, which will be led by franchisee Bobby Rusnak. Founded in 1941 by the Dickey family, Dickey’s Barbecue Restaurants …

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Ballys Las Vegas
DevelopmentEntertainmentMixed-useNevadaNewsRestaurantsRetailers

Bally’s Unveils Plans for 35-Acre Entertainment Resort Destination in Las Vegas

by Abby Cox

Las Vegas — Bally’s Corp. has announced plans for Bally’s Las Vegas, an entertainment resort destination planned on the 35-acre site of the former Tropicana Las Vegas hotel and casino. The casino and sports entertainment operator is partnering with JLL and Marnell Cos. on the development, which is being submitted to Clark County for entitlements. Bally’s Las Vegas will share the site with the new Las Vegas Athletics Major League Baseball ballpark, a move by the Oakland Athletics that was announced and approved in 2023. Bally’s expects construction at Bally’s Las Vegas to begin …

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One Beverly Hills
CaliforniaLeasingMixed-useNews

Cain International Announces First Three Tenants at $10 Billion One Beverly Hills Mixed-Use Development

by Abby Cox

Beverly Hills, Calif. — Cain International has announced its first retail and dining tenants at One Beverly Hills, a $10 billion mixed-use project under development in Beverly Hills. Luxury fashion brand Dolce & Gabbana, as well as restaurants Casa Tua Cucina and Los Mochis, have been confirmed as three of the first tenants within the development’s 200,000-square-foot retail district, which is planned to feature 45 shopping and dining options. Brent Habeck of Cain International led leasing efforts for the project. One Beverly Hills, a 17.5-acre “urban resort,” will be designated …

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Bernal Plaza
CaliforniaFinanceGrocery-anchoredNews

BISON Partners, PCCP Receive $29 Million in Financing for Bernal Plaza Shopping Center in San Jose, California

by Abby Cox

San Jose, Calif. — A joint venture between Southern California-based BISON Partners and PCCP has received $29 million in financing for the acquisition of Bernal Plaza, a 139,559-square-foot open-air retail center in San Jose. Lucky Supermarket anchors Bernal Plaza, which was 94 percent leased at the time of sale. Other tenants at the property include Ross Dress for Less, Staples, American Barbell Clubs, Starbucks Coffee, McDonald’s, Shell and Nick the Greek. Built in 1999, Bernal Plaza spans roughly 16 acres. Alex Olson, Todd Sugimoto, Lauren Sackler and Danny Ryan of …

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Tractor Supply
Investment salesLeasingNewsNorth Carolina

SRS Real Estate Brokers $7 Million Sale of Single-Tenant Retail Property in Castle Hayne, North Carolina

by Abby Cox

Castle Hayne, N.C. — SRS Real Estate Partners has brokered the $7 million sale of a newly constructed, single-tenant retail property in Castle Hayne, roughly 11 miles north of Wilmington. The 21,930-square-foot building is occupied by Tractor Supply, which had 14 years remaining on its corporate-guaranteed lease at the time of sale. Calvin Short of SRS represented the seller, a Pinehurst, North Carolina-based developer, in the transaction. Pierce Mayson of Matthews Real Estate Investment Services represented the buyer, an unnamed investor based in Conyers, Georgia, that was completing the second leg …

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317-339 Thacker Ave.
Investment salesNewsVirginia

Marcus & Millichap Negotiates $4.4 Million Sale of 32,023-Square-Foot Retail Center in Covington, Virginia

by Abby Cox

Covington, Va. — Marcus & Millichap has negotiated the $4.4 million sale of a 32,023-square-foot retail center located at 317–339 Thacker Ave. in the Western Virginia city of Covington. The center is shadow anchored by Walmart Supercenter, which has operated at the adjacent site since 2007. Built in 1998 on roughly 4.4 acres, the retail property was 92 percent leased at the time of sale to tenants including Dollar Tree, Cato, Shoe Show and T-Mobile, as well as several restaurants and service-oriented businesses. Zach Taylor and Eric Abbott of Marcus & …

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Bradley Place
Investment salesNewsPower centersTennessee

Atlantic Capital Partners Arranges Sale of Bradley Place in Suburban Chattanooga for $24.5 Million

by Abby Cox

Cleveland, Tenn. — Atlantic Capital Partners, the Capital Markets division of Atlantic Retail, has sold Bradley Place, a 118,082-square-foot power center located in the northeast Chattanooga suburb of Cleveland, for $24.5 million. HomeGoods, T.J. Maxx, PetSmart and Ulta Beauty anchor the property, which was fully leased at the time of sale. A portion of Bradley Square Mall was redeveloped in 2019 to create space to accommodate Bradley Place. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Ericson of Atlantic Capital Partners represented the seller. The buyer was not disclosed.

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