Saturday, May 10, 2025
Read the Digital Magazines
Subscribe

Retailers

DevelopmentFinanceFloridaNewsRetailers

BB&T Provides $12.8 Million Construction Loan for Retail Portion of Mixed-Use Development in Metro Miami

by Alex Tostado

Hialeah, Fla. — BB&T has provided a $12.8 million construction loan for the retail portion of Pura Vida, a mixed-use development in Hialeah. Coral Rock Development Group and Arena Capital Holdings are developing Pura Vida, which will feature three out parcels totaling 40,000 square feet of retail space, in addition to 11,000 square feet of ground-floor retail space within the residential component. Confirmed retail tenants include a Wawa convenience store and gas station, Taco Bell restaurant, Dollar Tree store and a two-story YouFit Health Club. The retail portion is expected …

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNew YorkNewsRetailers

Planet Fitness Signs 18,000-Square-Foot Retail Lease on Long Island

by Alex Tostado

Long Island City, N.Y. — Planet Fitness has signed an 18,000-square-foot retail lease in Long Island City. The gym, which will be situated on the lower levels of the newly constructed 22-29 Northern Boulevard rental tower, is the company’s first property in Long Island City. Steven Baker and Thomas Galo of Winick Realty represented the landlord, Simon Baron Development, in the lease negotiations. Richard Chera of Crown Acquisitions represented Planet Fitness.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesIowaMissouriNewsRetailers

Disney Investment Group Negotiates Sales of Five Retail Centers in Missouri, Iowa

by Alex Tostado

Missouri and Iowa — Disney Investment Group (DIG) has brokered the sales of five retail centers in Missouri and Iowa. Sales prices were not disclosed. The properties total 438,861 square feet and are 91 percent occupied on average. Major tenants include Aldi, Gerbes, County Market, Orscheln, Fresenius Medical, Dollar Tree and Dollar General. David Disney and Adam Crockett of DIG brokered the sales on behalf of the seller, a private investment partnership. The team also procured the buyers for each property.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaGrocery-anchoredInvestment salesNewsRetailers

Hanley Investment Group Arranges $13.1 Million Sale of Safeway-Anchored Shopping Center in Prescott, Arizona

by Alex Tostado

Prescott, Ariz. — Hanley Investment Group has arranged the $13.1 million sale of Willow Creek Village, a 165,065-square-foot, Safeway-anchored shopping center in Prescott. The property was 97 percent leased at the time of sale to tenants including Snap Fitness, Dunn-Edwards, C-A-L Ranch Stores and Bealls Outlets. Safeway, C-A-L Ranch Stores and Bealls Outlets combine to occupy 81 percent of the center. Kevin Fryman, Edward Hanley and Lee Csenar of Hanley Investment Group represented the seller, Columbus Pacific Properties. The buyer, Glenwood Development Co. LLC, was self-represented.

Continue Reading
0 FacebookTwitterLinkedinEmail
ColoradoInvestment salesNewsRetailers

Gart Properties Buys 155,000-Square-Foot Orchard Plaza Retail Center in Denver

by Alex Tostado

Denver — Gart Properties, a Denver-based privately held real estate company, has purchased Orchard Plaza, a retail and service center located at the northwest corner of East Orchard Road and South Yosemite Street in the heart of the Denver Tech Center. Terms of the transaction were not released. Primrose School, Starbucks Coffee, Federal Express and Specialty Appliance are tenants at the 155,000-square-foot property. Additionally, Spice Trade Brewery & Restaurant recently joined the tenant roster and will open before year-end.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsIllinoisNewsRetailers

Walgreens to Close 200 Stores Nationwide

by Alex Tostado

Deerfield, Ill. — Walgreens plans to close approximately 200 stores across the U.S. starting this fall as part of a cost-management program. Specific store locations have not been disclosed, but the new closures represent less than 3 percent of Walgreens’ U.S. footprint. The announcement was made in a Walgreens Boots Alliance regulatory filing Tuesday. The Deerfield, Illinois-based company had previously unveiled plans to close 200 stores in the United Kingdom. Currently, Walgreens operates more than 18,500 stores in 11 countries.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsRetailersTexas

MLB Capital Partners Breaks Ground on Houston Farmers Market Redevelopment Project

by Alex Tostado

Houston — MLB Capital Partners has broken ground on its Houston Farmers Market redevelopment project. MLB Capital will upgrade the 77-year-old market to include modern infrastructure, climate-controlled spaces, shaded areas, restrooms, common seating areas, organized parking and traffic circulation, defined sidewalks, site landscaping and dedicated green spaces. James Beard Award-winning chef and project consultant Chris Shepherd plans to develop a concept unique to the Houston Farmers Market. The market will maintain business operation throughout the redevelopment process. Clark Condon Associates, Studio RED Architects, Gunda Corporation and Arch-Con Construction have been …

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNew JerseyNewsRetailers

NRDC to Open Three Retailers Totaling 58,000 Square Feet in Burlington, New Jersey

by Alex Tostado

Burlington, N.J. — National Realty & Development Corp. will open three new stores totaling 58,000 square feet at the Liberty Square Center in Burlington, a city located southwest of Trenton. The shopping center is anchored by a Walmart, Marshalls and HomeGoods. Planet Fitness will open a 25,000-square-foot location at the property. Ross Dress for Less will move into a 22,000-square-foot portion of a former Toys ‘R’ Us location. Five Below will occupy the remaining 11,000 square feet of the former Toys ‘R’ Us location.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNew YorkNewsRetailers

Barneys New York Files for Bankruptcy, Will Keep Some Stores Open

by Alex Tostado

New York City — Luxury department store retailer Barneys New York has voluntarily filed for bankruptcy protection and has disclosed plans to close 15 of its 22 brick-and-mortar stores. The Chapter 11 filing in the U.S. Bankruptcy Court of the Southern District of New York indicated that Barneys had more than $100 million in assets and more than $100 million in debts, according to The Wall Street Journal. Barneys plans to keep five of its flagship locations open, including its famous Madison Avenue store. The retailer will also continue operating its …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew JerseyNewsRetailers

CBRE Arranges $53 Million Sale of Retail Property in Lodi, New Jersey

by Alex Tostado

Lodi, N.J. — CBRE has arranged the $53 million sale of a retail property in Lodi, just west of New York City. The property contains a 132,000-square-foot space that is triple-net leased to Home Depot store through January 2029. Jeffrey Dunne, David Gavin, Jeremy Neuer and Travis Langer of CBRE represented the owner in the transaction. The undisclosed buyer acquired the property via 1031 exchange.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts