Bethesda, Md. — Seven new tenants have signed leases at Westfield Montgomery, a 1.2-million-square-foot regional mall in the Washington, D.C. suburb of Bethesda. Thai Express and Subway have already opened at the property, while Uniqlo’s 12,000-square-foot store will follow. Below Zero Swiss Science expects to open in late spring, while fashion retailer Garage is scheduled to open this summer. Asian restaurants Shiki Fusion and Nan Xiang Soup Dumplings will open later this year in the dining terrace at the center. Existing retail tenants including lululemon and Janie & Jack have …
Minot, N.D. — Marcus & Millichap has brokered the $4.1 million sale of Joshua Plaza, a 36,800-square-foot retail center located in Minot. Timber Development Corp. sold the center, which the company developed in 2004. Eric Abbott and Zach Taylor of Marcus & Millichap’s Atlanta office represented Timber in the transaction.
Chicago — NewMark Merrill Cos. has unveiled plans for a $1.5 million renovation of Bricktown Square Shopping Center, a 292,309-square-foot retail center located in northwest Chicago. Renovations to the center will include exterior improvements, additional signage and wayfinding, as well as updated paint and color schemes. NewMark Merrill will also combine two existing spaces to form a single, larger space that will house a new Skechers store. Additionally, Japanese restaurant Okini Buffet and Kinship Health will join Bricktown Square’s tenant lineup later this year, bringing the center’s occupancy to 98 …
San Diego — Jack in the Box Inc. has announced plans to improve its long-term financial performance across its restaurant system, which includes the closure of 150 to 200 underperforming Jack in the Box restaurants, as well as possible alternatives for its Del Taco brand, which it acquired in March 2022. Jack in the Box will implement a block closure program, which will comprise of approximately 80 to 120 restaurant closures between now and December 31, with the remaining underperforming restaurants closing thereafter, based upon franchise agreement termination dates. San …
Sherman, Texas — A partnership between Kobalt Investment Co. and The Retail Connection have acquired Sherman Commons, a 275,477-square-foot retail power center located in Sherman, roughly 40 miles north of the Dallas-Fort Worth metro. The acquisition also includes two vacant outparcels for future development. Kohl’s, Academy Sports + Outdoors, Five Below, Ulta Beauty, Office Depot and PetSmart anchors the property, which was 98 percent leased at the time of sale.
Knoxville, Tenn. — Atlanta-based Halpern Enterprises Inc. has acquired Harvest Park Centre, a 166,035-square-foot retail power center located in Knoxville. Marshalls, Ross Dress For Less and Five Below anchor the center, which was 97 percent leased at the time of sale. Additional retailers at the property include Old Navy, Ulta Beauty, Bath & Body Works, AT&T, Sports Clips and Sally Beauty Supply. Harvest Park Centre marks the firm’s second retail acquisition in Tennessee. Berkeley Capital Advisors represented the seller in the transaction.
Baltimore — MCB Real Estate has added regional grocery store chain Streets Market to the tenant roster for its Reservoir Square, a $170 million mixed-use development underway in Baltimore. Streets Market will occupy 12,000 square feet on a 1.5-acre parcel that will also house 8,000 square feet of retail space. The grocery store is part of Phase II at Reservoir Square, which will also include housing, additional retail options and the new 63,000 square-foot home to the Mayor’s Office of Employment Development (MOED), which is scheduled to open in 2026. …
Orlando, Fla. — El Car Wash has acquired five Wash City car washes in Orlando, advancing its goal of acquiring 90 sites nationwide by the end of 2025. With these additions, El Car Wash now operates 72 locations across Florida and Michigan, with 15 more scheduled to open this year. Each acquired property will undergo enhancements to align with the El Car Wash brand.
Burnsville, Minn. — Transwestern Real Estate Services has negotiated a 66,100-square-foot retail lease at Aurora Village, a 122,323-square-foot shopping center in the south Minneapolis suburb of Burnsville. Soar N Bounce Trampoline and Adventure Park will occupy the space, marking its first location in Minnesota. The company plans to open 12 additional locations, including the site in Burnsville, which is scheduled to open in the first quarter of 2026. Brad Kaplan and Molly Townsend of Transwestern represented the owner, Aurora Investments LLC. Brian Weld and Tom Martin of Cushman & Wakefield …
Wisconsin Rapids, Wis. — Marcus & Millichap has brokered the $2.9 million sale of a two-building, six-suite retail center located at 4321–4323 8th St. S. in Wisconsin Rapids. Clothing retailer Maurices and Mattress Firm anchor the property, which was fully leased at the time of sale. Built in 2007, the center sits on 1.6 acres and totals 10,900 square feet, according to LoopNet. Jeff Rowlett of Marcus & Millichap’s Milwaukee office marketed the property on behalf of the seller, Elm Holdings 1 LLC, in the transaction. Jesse Schluter of Wisconsin …