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CaliforniaGrocery-anchoredLeasingNewsUncategorized

Progressive Real Estate Signs 21,500-Square-Foot Anchor Lease in Rancho Cucamonga, California

by Abby Cox

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has signed a new anchor lease at an 80,000-square-foot neighborhood center located at the intersection of Baseline Road and Archibald Avenue in Rancho Cucamonga. Grocery Outlet will occupy 21,500 square feet on a 10-year lease, bringing the retail center to full occupancy. The Grocery Outlet store is scheduled to open in the fall of 2026. Additional tenants at the center include US Bank, Dairy Queen and Savers Value Village. Paul Su of Progressive marketed the property and represented the landlord in the …

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SPP-Entertainment-Center-Tampa
DevelopmentEntertainmentFloridaNewsRestaurantsRetailersUncategorized

Strategic Property Partners to Develop Entertainment District in Downtown Tampa

by Abby Cox

Tampa, Fla. — Strategic Property Partners (SPP) has announced plans to develop an entertainment district in downtown Tampa. The district is proposed for a vacant parcel across from Benchmark International Arena, the 19,092-seat home of the NHL’s Tampa Bay Lightning NHL team. Situated on Channelside Drive between Morgan and Jefferson streets, the new district will support the broader $3 billion Water Street Tampa neighborhood. SPP plans to partner with Lightning owner Vinik Sports Group (VSG) to manage the entertainment venue, which will be privately financed. “Water Street Tampa was designed …

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Laveen Towne Center
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Vestar to Develop 500,000-Square-Foot Laveen Towne Center in Southwest Phoenix

by Abby Cox

Phoenix — Vestar has received approval from the Village Planning Committee to develop Laveen Towne Center, an open-air shopping center in Phoenix’s southwest submarket of Laveen. Set to break ground in summer 2026 with a grand opening targeted for winter 2027, Laveen Towne Center will feature 500,000 square feet of retail, dining and entertainment space across 90 acres. Vestar plans to preserve the character and charm of the area through the project’s design and programming. The development will reuse existing materials and features found onsite, including from the Hudson Farmhouse, …

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Village Square
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Marcus & Millichap Brokers $6.8 Million Sale of Village Square in Baton Rouge, Louisiana

by Abby Cox

Baton Rouge, La. — Marcus & Millichap has brokered the $6.8 million sale of Village Square, a 47,000-square-foot, three-building retail center near Louisiana State University (LSU) in Baton Rouge. Shadow-anchored by Walmart, Village Square features a mix of tenants including Coffee Call, Classy Nails, Teatery & Tapioca and Juicy Seafood, as well as Office Depot and Sally Beauty, which have operated at the site for more than 20 years. In May, Village Square’s Capital One and IHOP outparcels sold for $5.2 million. Zach Taylor and Eric Abbott of Marcus & Millichap’s Taylor …

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Bluffs-Square-Shoppes_Jupiter-Fla
FloridaGrocery-anchoredInvestment salesNewsUncategorized

JLL Brokers $39.1 Million Sale of Shopping Center in Jupiter, Florida

by Hayden Spiess

Jupiter, Fla. — JLL Capital Markets has brokered the $39.1 million sale of Bluffs Square Shoppes, a 123,917-square-foot shopping center located in Jupiter. Constructed in 1986, the property is anchored by Publix. Other tenants at the center, which was 98 percent leased at the time of sale, include Walgreens, Uncle Eddie’s, Anthony’s Women Apparel, Goodwill, UPS, Toojay’s Deli and Cafe Solé. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented the seller, Sterling Organization, in the transaction. BPS Partners acquired the property. 

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Helios_Connectivity
DevelopmentMixed-useNevadaNewsUncategorized

Pacific Group Breaks Ground on 135-Acre Helios Mixed-Use Campus in North Las Vegas

by Hayden Spiess

North Las Vegas, Nev. — Pacific Group has broken ground on Helios, a 135-acre medical campus located in North Las Vegas. Construction costs for the project are set to total between $4.5 billion and $5 billion. At full buildout, the project is set to include a 1.1 million-square-foot inpatient hospital offering 600 beds, which will be built in three phases costing $1.2 billion; 1.3 million square feet of medical office and medical technology space; 250,000 square feet of retail with an emphasis on health and wellness; 900,000 square feet of …

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Mach 1
GeorgiaInvestment salesNewsNorth CarolinaUncategorized

RealSource Group Arranges $7.9 Million Sale-Leaseback of Car Wash Portfolio in North Carolina, Georgia

by Hayden Spiess

Forest City, N.C. and Cedartown, Ga. — RealSource Group has arranged the $7.9 million sale-leaseback of a portfolio consisting of two Mach-1 Express Wash properties. Both assets are single-tenant 4,000-square-foot properties located in Walmart-anchored shopping centers. One of the properties is located in Forest City, North Carolina, roughly 65 miles west of Charlotte. The second property is located in Cedartown, Georgia, 60 miles outside of downtown Atlanta. Austin Blodgett of RealSource and Chris Salemi of Aileron Capital Management represented the seller, Mach One (Holdings) Limited. The undisclosed New Jersey-based institutional …

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Market-District
Grocery-anchoredInvestment salesNewsOhioUncategorized

Hanley Investment Group Arranges Sale of 139,000-Square-Foot Shopping Center in Metro Columbus

by Hayden Spiess

Dublin, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of Perimeter Center, a 139,000-square-foot shopping center in Dublin, roughly 17 miles north of Columbus. Ed Hanley and Kevin Fryman of Hanley, in association with ParaSell Inc., represented the buyer, an affiliate of Orton Development Inc., in the 1031 exchange transaction. Perimeter Center was fully leased at the time of sale to tenants including Giant Eagle Market District, Chipotle Mexican Grill, Edward Jones, Enterprise Rent A Car, Sport Clips, UPS Store and Jersey Mike’s Subs. The seller, …

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Rubenstein Real Estate Acquires 20,000-Square-Foot Office, Retail Building in Kansas City

by Alex Tostado

Kansas City, Mo. — An affiliate of Rubenstein Real Estate, together with an affiliate of Exact Architects, has acquired a 20,000-square-foot office and retail building located at the corner of Linwood and Main streets in Kansas City. At the time of sale, the building was 25 percent occupied. A new tenant will soon lease a portion of the first floor, leaving 9,418 square feet remaining available for lease. Substantial building and common area renovations are underway. The two-story building features almost 80 parking spaces. Dwight Medbery III of Rubenstein led …

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Bromley Inks 8,000-Square-Foot Lease with Royal Pets Market & Resort at Midtown Tampa

by Alex Tostado

Tampa, Fla. — Bromley Cos. has signed a lease with Royal Pets Market & Resort at Midtown Tampa. The 8,000-square-foot space will be the flagship location for the company, which offers veterinary care, an indoor dog daycare and a pet spa. The space will be situated on the ground floor of Novel Midtown Tampa, which is expected to open later this year. Royal Pets Market joins other announced retail tenants such as Joffrey’s Coffee, True Food Kitchen and Whole Foods Market. Bromley Cos., Casto, Jeffrey R. Anderson Real Estate and …

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