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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 development features a collection of more than 60 shops and restaurants that sit below modern offices and The Henry apartments. Some components of the development 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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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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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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Friendly Center
LeasingNewsNorth CarolinaRestaurantsRetailers

New Retailers, Restaurants to Open at Friendly Center in Greensboro, North Carolina

by Abby Cox

Greensboro, N.C. — CBL Properties has announced that four new restaurants and two new retailers will be joining the tenant lineup at its Friendly Center, a 1.3-million-square-foot regional center located in Greensboro. All four restaurants — Cooper’s Hawk, First Watch, North Italia and French artisan bakery Tous les Jours — as well as LEGO, plan to open by the end of the year, while Rowan anticipates opening this summer. Additional openings are expected in 2025. Current tenants at Friendly Center — which comprises more than 140 stores and services — include …

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Smoothie King
DevelopmentNewsRestaurantsRetailersTexas

Smoothie King Opens 13 Locations, Secures 20 Store Commitments

by Abby Cox

Dallas, Texas — Smoothie King has opened 13 new stores across eight different states thus far in 2025. Seven of the new store openings are located in Smoothie King’s home state of Texas. The company has also secured 20 new store commitments, with approximately 60 percent of the signings obtained with existing franchises. The new agreement will span 15 different markets across 12 states, including multi-unit deals in Long Island, New York and Phoenix.

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"Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead" panel
A&G Real Estate PartnersContent PartnersDevelopmentEconomic DevelopmentFeaturesFinanceIndustry ContentInvestment salesLeasingMallsMarketingMixed-useNet leaseOperationsRestaurantsRetailersVideosWebinar

Webinar: Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead

by Sarah Daniels

The March 14 Shopping Center Business webinar “Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead” covered the state of a retail industry that is both “frenetic and cautious,” in the words of Dana Telsey of Telsey Advisory Group. Tune in to the six-minute mark of the on-demand webinar for Dana’s impressive summary of the latest news in retail. Panelists covered key insights into the evolving retail landscape, including the trends for bankruptcies and liquidations in 2024 and whether those trajectories are likely to continue into 2025. Economic …

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ALDI_Northlake_Square_Tucker_Georgia
DevelopmentFeaturesMallsRestaurantsRetailers

JLL: U.S. Retail Sector Remains Optimistic as Market Conditions Shift

by Abby Cox

Chicago — Retail closures are at a cyclical high, totaling a whopping 9,900 business shutdowns in 2024, according to JLL’s fourth-quarter 2024 retail report entitled “United States Retail Market Dynamics.” For the first time in several years, store closures outpaced store openings in a calendar year. Fabric and crafts retailer JOANN, who filed for Chapter 11 bankruptcy protection twice within a year, is shuttering all 800 stores, while major department store chain Macy’s will close 150 stores over the next three years, with 66 closures anticipated in 2025 alone. The highest number …

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Jonathan Lapat SRS Retail Locations Quote from article
Content PartnersDevelopmentFeaturesFinanceIndustry ContentLeasingMallsPower centersRestaurantsRetailers

Restaurants Execute Expansion Plans with Measured Approaches

by Sarah Daniels

To say that the restaurant industry is sending mixed signals could be the understatement of the year. The National Restaurant Association expected restaurant sales in 2024 to top $1 trillion for the first time ever. But as the year has progressed, the number of operators who anticipated sales growth in the coming months dipped to 28 percent in August from 40 percent in April amid inflation and economic uncertainty, according to the organization’s latest performance index survey. At the same time, the fortunes of the major restaurant segments are largely …

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