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Gosman's Dock
Mixed-useNew YorkNewsRestaurantsRetailers

Marcus & Millichap Brokers $34.4 Million Sale of Mixed-Use Portfolio on Long Island

by Abby Cox

Montauk, N.Y. — Marcus & Millichap has brokered the $34.4 million sale of Gosman’s Dock, a nine-property mixed-use portfolio located on the eastern shore of Long Island in Montauk. Gosman’s Dock — which totals 48,145 square feet — features four restaurants, six retail stores, four staff residences, a fish market, fish charter facilities, marina, boat rental site and parking. The sale also includes a vacant land parcel with the option to build a 46-room hotel. The buyers, Stephen Deckoff, founder of Black Diamond Capital Management and his son Stephen E. …

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Shops at Hollywood Park
CaliforniaLeasingNewsRestaurants

Five New Restaurant Tenants to Join Shops at Hollywood Park in Metro Los Angeles

by Abby Cox

Inglewood, Calif. — Five new tenants have signed leases to join the Shops at Hollywood Park, the 390,000-square-foot retail district located within the larger Hollywood Park mixed-use development in Inglewood. The new round of leases — which total 13,000 square feet — includes food-and-beverage concepts Raising Cane’s, The Melt, Panini Kabob Grill, Lan Noodle and Rhythm Bar and Lounge. Hollywood Park is owned, developed and operated by Los Angeles Rams owner Stanley Kroenke. Hollywood Park spans 300 acres across 890,000 square feet. In addition to retail, the development features hospitality, …

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Mountain Mike’s Pizza
Company newsLeasingNewsRestaurantsVirginia

Mountain Mike’s Pizza Signs Three-Unit Franchise Agreement in Virginia

by Abby Cox

Irvine, Calif. — Irvine-based Mountain Mike’s Pizza has signed a franchise agreement to open three new locations in Northern Virginia, marking the chain’s introduction to the state. Following its 10-unit development deal in Florida, this agreement brings Mountain Mike’s Pizza to 13 total units slated for the East Coast. The new Virginia restaurants will be developed by local franchisee Niraj Hemrajani, a multi-brand operator with a portfolio of established restaurant concepts including Cold Stone Creamery, Popeyes and Subway.   The fast-casual pizza concept currently operates restaurants in Arizona, California, Colorado, …

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Summit Fritz Farm
Investment salesKentuckyMixed-useNewsRestaurantsRetailers

Hendricks Commercial Properties Acquires Summit at Fritz Farm Mixed-Use Development in Lexington, Kentucky

by Abby Cox

Lexington, Ky. — Hendricks Commercial Properties, a Wisconsin-based development and investment firm, has acquired The Summit at Fritz Farm, a mixed-use development in Lexington that opened in 2017. The project features a collection of more than 60 shops and restaurants that sit below modern offices and The Henry apartments. Some components of the project that were not included in the sale include the Origin Lexington hotel and a 192-unit seniors housing community, Legacy Reserve at Fritz Farm. Hendricks did not disclose the sales price or specific aspects of the acquisition beyond …

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Park 10 at Avondale
ArizonaDevelopmentNewsRestaurants

Gantry Secures $9 Million Construction Financing for Retail Center in Suburban Phoenix

by Abby Cox

Avondale, Ariz. — Gantry has secured a $9 million construction loan for the development of Phase IV of Park 10 at Avondale, a mixed-use development located in the West Valley Phoenix suburb of Avondale. Situated on eight acres, Phase IV will include a build-to-suit restaurant for Cooper’s Hawk, as well as a second building that offers inline restaurant space for 85C Bakery and an unannounced third tenant. Adam Parker and Chad Metzger of Gantry’s Phoenix office represented the borrower, Parkland Development, in the transaction. A regional bank provided the three-year, …

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Legacy West
Mixed-useNewsRestaurantsRetailersTexas

Kite Realty, GIC Acquire Legacy West in Metro Dallas for $785 Million

by Abby Cox

Plano, Texas — A partnership between Indianapolis-based Kite Realty Group and Singapore’s GIC has acquired Legacy West, a mixed-use development located in Plano, for $785 million. According to Kite Realty’s first-quarter earnings report that announced the transaction, Legacy West includes 344,000 square feet of retail space, 444,000 square feet of office space and 782 multifamily units. Invesco Real Estate has been the lead equity partner in Legacy West since the project’s inception in 2014, becoming the majority owner of the development in 2019. Prism Places and Mark Masinter of Open …

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The Switchyard
ArizonaDevelopmentMixed-useNewsRestaurantsRetailers

Creation, Horizon Break Ground on $120 Million Mixed-Use Project in Queen Creek, Arizona

by Abby Cox

Queen Creek, Ariz. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development’s restaurant lineup will feature Postino, a restaurant and wine café; Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver; and Shake Shack, a modern burger chain. Creation states that lease negotiations are …

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The Shops at Yellow Pine
DevelopmentFloridaLeasingNewsRestaurantsRetailers

Kitson & Partners Adds 20 New Tenants to The Shops at Yellow Pine

by Abby Cox

Punta Gorda, Fla. — Kitson & Partners has signed 20 new leases at The Shops at Yellow Pine, a 120,000-square-foot mixed-use development located in the master-planned community of Babcock Ranch in Punta Gorda. The Shops at Yellow Pine comprises three multi-tenant buildings and two standalone outparcels. Additionally, outdoor seating areas are available for use throughout the development, which is fully leased. Five Guys, Marshalls, Ace Hardware, Five Below and Hope Chiropractic have already opened at the center, while Panera Bread, Jersey Mike’s and Verizon Wireless are expected to open in June. …

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Smalls Sliders
Company newsDevelopmentNewsRestaurantsTexas

Smalls Sliders Signs Five-Unit Franchise Agreement in Texas

by Abby Cox

Atlanta — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open five new units in Texas. St. Louis-based entrepreneur Brett Stewart will own and operate the restaurants, which are dubbed “Cans.” The newest locations in the state will include Killeen, Temple and Waco. Stewart will now own and operate a total of 11 units in Texas after signing an initial deal for six units with Smalls Sliders in August 2024. Founded in 2019, Smalls Sliders has a portfolio of more than 350 restaurants currently open or under development.

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The Gilmore
ArizonaDevelopmentLeasingMixed-useNewsRestaurantsRetailers

Thompson Thrift Breaks Ground on $225 Million Mixed-Use Development in Gilbert, Arizona

by Abby Cox

Gilbert, Ariz. — Thompson Thrift has broken ground on The Gilmore, a $225 million mixed-use development located in the Phoenix suburb of Gilbert. The 35-acre project will comprise approximately 200,000 square feet of grocery, restaurant and retail space, 300 luxury apartment homes and a hotel. The development will feature a main street-style entrance with covered walkways, common areas, murals by local artists and landscaped outdoor gathering spaces. More than 25 retail leases have already been signed including Better Buzz Coffee; Handel’s Ice Cream; Jersey Mike’s; Sweathouz; Rebel Wine Lounge; Square …

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