Melbourne and Sarasota, Fla. — Nordstrom Rack has announced plans to open two new stores in Florida. Located in Melbourne and Sarasota, the stores will comprise 24,000 and 27,000 square feet, respectively. The Melbourne store will be situated within The Avenue Viera and is scheduled to open next fall. Situated within Sarasota Pavilion, the Sarasota store is scheduled to open in spring 2026. InvenTrust Properties owns and manages Sarasota Pavilion, and WS Development owns and manages The Avenue Viera.
Milwaukee — Marcus & Millichap has brokered the sale of a 25,154-square-foot single-tenant retail property in Milwaukee. Sentry Foods occupies the building, which was originally constructed in 1960, on an absolute net lease. Ben Kohl and Mitchell Kiven of Marcus & Millichap represented the seller in the transaction. Todd Lindblom assisted in closing the sale as the firm’s broker of record in Wisconsin.
Albuquerque, N.M. — SimonCRE has acquired Cottonwood Corners, a 218,144-square-foot retail center located in Albuquerque. An entity doing business as Gibson-Cottonwood LLC sold the property for an undisclosed price. Tenants at the property, which was developed in two phases in 1996 and 1998, include Barnes & Noble, Best Buy, Michaels, Ross Dress for Less, Legacy Furniture, New Balance, The UPS Store, Mattress Firm, Leslie’s Poolmart, Scrub Spot, LA Luxe Nails and Firehouse Subs. The center also features 29,233 square feet of big box space and 4,679 square feet of small shop …
Chesterfield Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of Waterside Marketplace, a 276,244-square-foot retail center located in the northeast Detroit suburb of Chesterfield Township. Tenants at the center, which was 93 percent leased at the time of sale, include T.J. Maxx, Sierra, Burlington, Best Buy, Ulta Beauty, DSW and Old Navy. Ben Wineman, Emily Gadomski and Daniel Stern of Mid-America represented the seller, PMAT Real Estate Investments, in the transaction. Octave Holdings and Investments was the buyer.
Vernon Hills, Ill. — Marcus & Millichap has brokered the $10.5 million sale of Hawthorn Village Commons, a shopping center located in Vernon Hills, roughly 40 miles outside Chicago. Built in 1981, the property comprises 51,815 square feet. Tenants at the center include Hobby Lobby, Dollar Tree, Panda Express, Wendy’s and Subway. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller in the transaction. Steven Weinstock assisted in closing the sale as the firm’s broker of record in Illinois.
Crowley, La. — Time Equities Inc. (TEI) has purchased Crowley Plaza, a shopping center located in Crowley, for $3.4 million. This marks TEI’s first acquisition in the state. Built in 1999, the property totals 27,228 square feet across two multi-tenant buildings. Tenants at the center, which was 78 percent leased at the time of sale, include Game Stop, Sally Beauty Supply, AT&T, Express Urgent Care and USAgencies Insurance. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith represented TEI in the transaction on an interal basis. Hudson Lambert of STRIVE represented …
Tempe, Ariz. — Thompson Thrift has announced plans to develop South Tempe Square, a 27,119-square-foot retail center, roughly 10 miles outside Phoenix in Tempe. The developer purchased a 3.7-acre site for the project and is scheduled to break ground in the first quarter of 2025. Upon completion, which is scheduled for early 2026, the center will feature four buildings ranging in size from 4,500 to 9,753 square feet.
Burleson, Texas — GBT Realty Corp. is underway on the development of Burleson Commons, a 50,632-square-foot shopping center in Burleson, approximately 15 miles south of Fort Worth. GBT acquired the six-acre land parcel for the project for $2.3 million from Orscheln Farm and Home in August. A 23,256-square-foot Sprouts Farmers Market will anchor the center, which will also feature a 9,000-square-foot Five Below and an additional 8,000 square feet of small shop space. Completion of the development is scheduled for June 2025, with Sprouts scheduled to open that July. BRR Architecture …
Winter Haven, Fla. — Legacy Realty Group Advisors has arranged the $10.3 million sale of Winter Haven Medical Plaza, a retail center located in Winter Haven. Tenants at the 36,637-square-foot property include medical practices and service providers. Jacob Baruch and Ari Warshaw of Legacy represented both the buyer and seller in the transaction.
Phoenix — Whole Foods Market has opened a new, 50,358-square-foot store in Phoenix. Situated within Paradise Valley Mall, the store features more than 330 local items from Arizona, as well as a full-service coffee and juice bar. This marks a relocation from the brand’s previous Paradise Valley store, which was open for 22 years.