McKinney, Texas — McKinney City Council has granted final approval for Long Branch, a $1.3 billion mixed-use development located at the northwest corner of U.S. Highway 75 and the future U.S. 380 bypass in McKinney, roughly 30 miles north of Dallas. Creation, in partnership with Horizon Capital Holdings and Vaulter, is the developer. Spanning 155 acres, the project is expected to include approximately 1,600 multifamily homes, 135,000 square feet of retail anchored by a 65,000-square-foot grocer, a 318,600-square-foot office campus with two six-story buildings, a 100-room hotel and a 910-space structured …
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Willowbrook Begins Renovation of 441,000-Square-Foot Retail Power Center in Northwest Houston
Houston — Willowbrook LLC is underway with the renovation of Commons at Willowbrook, a 441,000-square-foot regional power center located in northwest Houston. The capital improvement program includes installing new monument signage and pylons, widening the main access point and updating the landscape design. Situated on 39 acres, the center is currently 85 percent leased to tenants such as Marshalls, HomeGoods, Ross Dress For Less, Michaels, Total Wine & More, Ulta Beauty, DSW and Daiso. Vincent O’Toole of Avison Young will lead leasing efforts for the property.
Pottstown, Pa. — JLL Capital Markets has arranged the sale of Suburbia Shopping Center, a 154,219-square-foot retail property located in Pottstown, approximately 20 miles east of Reading. Originally built in 2003, the property spans 25.6 acres. GIANT grocery store anchors the center, which was 85 percent leased at the time of sale. Additional tenants at the center include Dollar Tree, Starbucks Coffee, UPS Store and Tower Health. Jim Galbally and Patrick Higgins of JLL Capital Markets Investment Sales and Advisory team represented the seller, Gambone Management Co., in the transaction. Powell …
Marcus & Millichap Facilitates Sale of 11,760-Square-Foot Retail Property in Fort Worth, Texas
Fort Worth, Texas — Marcus & Millichap has facilitated the sale of 913 Houston Street, an 11,760-square-foot vacant retail property in downtown Fort Worth. Situated across from the Fort Worth Convention Center, the three-level building was originally built in 1959 and comprises a basement, main floor and a mezzanine level. Roughly a quarter mile from 913 Houston Street, approximately $2 billion of new construction is underway, including a $350 million campus for Texas A&M University and a $200 million expansion of the Omni Fort Worth Hotel. Joe Santelli of Marcus …
Miami — Marcus & Millichap has brokered the $8.6 million sale of Village Shoppes, a 26,648-square-foot retail center located in the Little Havana neighborhood of Miami. Situated at 503-533 SW 12th Ave., the center comprises two parcels with multiple stores, 30 parking spaces and more than 325 feet of retail frontage. The property also allows for 40,000 square feet of future development of up to eight stories, according to LoopNet. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap’s Miami office marketed the property on behalf of the undisclosed …
Lamar Companies, Real Capital Solutions Acquire 456,742-Square-Foot Retail Center in Burlington, North Carolina
Burlington, N.C. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Alamance Crossing, a 456,742-square-foot retail center located in Burlington. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk anchor the center. Additional retailers at the property comprise a mix of restaurant, fitness, beauty, jewelry and service-based tenants including Buffalo Wild Wings, Tropical Smoothie Café, Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks. Tom Dobrowski of Newmark’s Capital Markets Group represented the undisclosed seller.
SRS Real Estate Partners Arranges $6.8 Million Sale-Leaseback of Retail Property in Manassas, Virginia
Manassas, Va. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, …
Nashville, Tenn. — JLL Capital Markets has arranged the $50 million sale of Edgehill Village, a 58,468-square-foot mixed-use property located in Nashville’s Music Row district. Originally built in 1920 and 1934 and renovated in 2016, the property is leased to a mix of retail, restaurant and office tenants including Van Leeuwen Ice Cream, Barcelona, Consider the Wldflwrs, Warby Parker, NoBaked Cookie Dough, Ralph Lauren and Vow’d. Brad Buchanan and Jim Hamilton of JLL’s Investment Sales and Advisory team represented the seller, Asana Partners, in the transaction.
Fort Lee, N.J. — New Jersey-based The Goldstein Group has brokered the $37 million sale of Washington Bridge Plaza, a 47,000-square-foot retail center located in the Northern New Jersey community of Fort Lee. Walgreens anchors the property. Other tenants at the center include The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journée Bakery, Revolving Sushi, Punta Cana, 101 Chicken and Pho Today. CJ Huter, Marc Palestina and Lew Finkelstein of The Goldstein Group represented the 1031-exchange buyer, Young Property LLC, in the transaction. Baruch Herman of …
Village Super Market Opens 72,000-Square-Foot ShopRite at Blue Star Shopping Center in Watchung, New Jersey
Watchung, N.J. — A new ShopRite store has opened at Blue Star Shopping Center in Watchung. The supermarket spans 72,000 square feet and is the anchor of the 420,000-square-foot shopping center. Dubbed the “New Star of Blue Star,” the store — which replaced an older ShopRite at the center — will offer customers chef-prepared meals, specialty and premium items, meat and seafood options, hand-rolled sushi and a soup and coffee bar. Village Super Market has owned and operated the ShopRite store at Blue Star Shopping Center since 1980. Additional tenants …