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Starbucks Coffee
CaliforniaInvestment salesLeasingNews

Hanley Investment Arranges $2.9 Million Sale of Single-Tenant Retail Property in Riverside, California

by Abby Cox

Riverside, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.9 million sale of a newly constructed, 928-square-foot single-tenant retail property located in Riverside. Starbucks Coffee occupies the building on a 10-year, triple-net-lease with scheduled rent increases every five years. Situated on 0.96 acres, the building features a drive-thru and walk-up window. Eric Wohl and CJ Kiehler of Hanley Investment Group represented the seller, Atman Kadakia of Greens Group, in the transaction. Sam Olmstead of Voit Real Estate Services represented the 1031 exchange buyer, a Southern California-based private …

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Old Cloverdale Village
AlabamaDevelopmentLeasingNews

Partnership Begins Redevelopment of Old Cloverdale Village in Montgomery, Alabama

by Abby Cox

Montgomery, Ala. — A partnership between Birmingham, Alabama-based The FiveStone Group, Bayer Ventures and New York City-based D&A Cos. is underway with the redevelopment of Old Cloverdale Village, an 11,000-square-foot retail property located in Montgomery’s Old Cloverdale District. The project team comprises CCR Architecture & Interiors, Pilgreen and Bostick Engineering Inc. and Prier Construction. The partnership also includes Fresh Hospitality and Charles Morgan. The historic Old Cloverdale Village is home to various locally owned restaurants, pubs, specialty shops and art galleries, as well as an independent arts cinema and a volunteer …

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CaliforniaLeasingNews

South Coast Plaza Signs 21 New Tenants

by Abby Cox

Costa Mesa, Calif. — South Coast Plaza, a 2.8 million-square-foot super-regional mall located in Costa Mesa, has signed 21 new leases to join its tenant lineup this year. Dior Beauty’s West Coast flagship store has already opened at the center, along with Eres, Ramen Nagi, Vox Kitchen and a new Tiffany & Co. pop-up store. Other retailers that will open later this spring include Ami Paris; Eleventy; Guerlain; Gianvito Rossi; Montcler; Roger Vivier; Sandro; and See’s Candies. Alo; Skims; Bottega Veneta; Camilla; Club Monaco; Crate & Barrel; MaxMara; and Tumi …

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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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LeasingMarylandNews

Seven New Tenants Join Westfield Montgomery in Bethesda, Maryland 

by Abby Cox

Bethesda, Md. — Seven new tenants have signed leases at Westfield Montgomery, a 1.2-million-square-foot regional mall in the Washington, D.C. suburb of Bethesda. Thai Express and Subway have already opened at the property, while Uniqlo’s 12,000-square-foot store will follow. Below Zero Swiss Science expects to open in late spring, while fashion retailer Garage is scheduled to open this summer. Asian restaurants Shiki Fusion and Nan Xiang Soup Dumplings will open later this year in the dining terrace at the center. Existing retail tenants including lululemon and Janie & Jack have …

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Aurora Village Shopping Center
LeasingMinnesotaNews

Transwestern Real Estate Negotiates 66,100-Square-Foot Retail Lease in Burnsville, Minnesota

by Abby Cox

Burnsville, Minn. — Transwestern Real Estate Services has negotiated a 66,100-square-foot retail lease at Aurora Village, a 122,323-square-foot shopping center in the south Minneapolis suburb of Burnsville. Soar N Bounce Trampoline and Adventure Park will occupy the space, marking its first location in Minnesota. The company plans to open 12 additional locations, including the site in Burnsville, which is scheduled to open in the first quarter of 2026. Brad Kaplan and Molly Townsend of Transwestern represented the owner, Aurora Investments LLC. Brian Weld and Tom Martin of Cushman & Wakefield …

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Harbor Freight Tools
CaliforniaInvestment salesLeasingNews

Avison Young Arranges $2.2 Million Sale of Retail Property in Hemet, California

by Abby Cox

Hemet, Calif. — Avison Young has negotiated the $2.2 million sale of a single-tenant retail property located at 1735 W. Florida Ave. in Hemet. Harbor Freight Tools occupies the 20,571-square-foot building, which was renovated in 2023. The tenant has approximately 11 years remaining on its absolute triple net lease. Chris Maling and David Maling of Avison Young represented the seller, a California-based limited partnership, in the transaction. The buyer was a California-based private investor.

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GeorgiaLeasingNews

Three New Tenants Join The Avenue West Cobb in Metro Atlanta

by Abby Cox

Marietta, Ga. — Three new tenants have signed leases to join The Avenue West Cobb, a shopping center located in Marietta, roughly 20 miles northwest of downtown Atlanta. BLENDED Smoothie & Juice Bar will open a 1,200-square-foot store in May, while BODYBAR Pilates will follow with a 2,188-square-foot studio in June. Hammer & Nails is scheduled to open an 1,868-square-foot space in August. Additional tenants at the property include J. Jill, Le’Zia, Hey Linda’s and Mud Creek Market. JLL is the property manager for The Avenue West Cobb.

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DevelopmentFloridaLeasingNews

O’Connor Capital to Redevelop Former Saks Fifth Avenue Store at The Esplanade

by Abby Cox

Palm Beach, Fla. — New York City-based O’Connor Capital Partners plans to redevelop the former Saks Fifth Avenue store at The Esplanade, a 146,000-square-foot shopping center located at 150 Worth Avenue in Palm Beach. The two-level, 50,000-square-foot store will be transformed to have high-end retail, office space and lifestyle offerings. Fairfax & Sammons Architecture will design the project, while Odyssey Retail will lead leasing efforts and tenant curation.  Current luxury retailers at the The Esplanade include Louis Vuitton, Emilio Pucci, Akris, Christofle, Panerai, Hublot, Carolina Herrera, Lugano Diamonds and Worth …

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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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