Meridian Township, Mich. — Martin Commercial Properties has arranged the sale of a 7,400-square-foot retail property located in Meridian Township near Lansing, Michigan.
Richmond, Va. — A joint venture between Rosenthal Properties and PGIM Real Estate has acquired a five-property shopping center portfolio in metro Richmond, Virginia, spanning 745,000 square feet for $125 million.
St. Louis — St. Louis University (SLU) has chosen Cullinan Properties to develop a 14-acre site at the corner of Grand Boulevard and Chouteau Avenue in midtown St. Louis.
Gainesville, Va. — Life Time Athletic has opened a 173,000-square-foot gym in Gainesville, Virginia, 40 miles west of Alexandria.
Fulshear, Texas — MARCEL, a privately owned real estate firm based in The Woodlands, will develop Cross Creek Town Center, a 76,000-square-foot retail and office project in Fulshear, Texas, 35 miles west of Houston.
Orlando, Fla. — Orlando, Florida’s City Council has approved the retail redevelopment and repositioning of One South Orange Building, which was built in the early 1900s.
Waconia, Minn. — Upland Real Estate Group Inc. has arranged the sale of Waconia Crossing for $4.6 million.
Westland, Mich. — Athletico Physical Therapy has signed a 3,964-square-foot lease to open a location in Westland, a western suburb of Detroit.
Chesapeake, Va. — Variety store chain Family Dollar could close up to 390 stores in fiscal 2019 unless it obtains material rent concessions from landlords on underperforming stores.
Kennesaw, Ga. — Sanctuary Cos. and Varden Properties will co-develop Eastpark Village, a $280 million mixed-use project that will comprise 850 residential units and about 300,000 square feet of office, retail and commercial space and a village green.