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DevelopmentGeorgiaNews

CP Group to Open Repositioned, 1.2 Million-Square-Foot Former CNN Center in Atlanta

by Abby Cox

Atlanta — Commercial real estate firm CP Group has announced plans to reopen the 1.2 million-square-foot former CNN Center in downtown Atlanta this year.  CP Group has repositioned the property as The Center (CTR), which is projected to open in May.  The firm acquired the building from AT&T in 2021 and first announced the rebranding in 2024. CNN began moving back to its Turner Techwood campus in Midtown Atlanta in 2023.  Changes at the development include a new, 12-concept dining space, dubbed CTR Food Works. Situated in the central atrium, …

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Black Sheep Coffee
DevelopmentNewsRestaurantsTexas

Black Sheep Coffee Signs 20-Unit Franchise Agreement for DFW Metroplex

by Abby Cox

Texas — International coffee concept Black Sheep Coffee has signed a franchise agreement to develop 20 new units across the Dallas-Fort Worth (DFW) metroplex. The agreement will bring 20 additional locations to the DFW region over the next five years, with planned sites across Richland Hills, Bedford, Garland, Rowlett, Mobile City, Sunnyvale, Richardson and Sachse. The expansion builds on Black Sheep Coffee’s footprint in North Texas, where the brand currently operates cafés along Preston Road and East Mockingbird Lane, as well as the Grapevine area. Founded in 2013 by college roommates …

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Investment salesNewsNorth Carolina

CenterSquare Acquires Shoppes at Indian Trail Near Charlotte, North Carolina                   

by Abby Cox

Indian Trail, N.C. — CenterSquare has acquired Shoppes at Indian Trail, a 33,129-square-foot retail property located in Indian Trail, approximately 15 miles southeast of Charlotte. The center was fully leased at the time of sale to 15 tenants including The UPS Store, Tropical Smoothie Café, Firehouse Subs and Sports Clips. This transaction marks CenterSquare’s ninth acquisition in North Carolina.

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CaliforniaInvestment salesNews

First Washington Realty Purchases Mission Park Marketplace in Santa Clara, California

by Abby Cox

Santa Clara, Calif. — First Washington Realty has acquired Mission Park Marketplace, a 23,204-square-foot retail strip center located in Santa Clara. Built in 2019 on 5 acres, Mission Park Marketplace spans five buildings and features a mix of tenants including Mendocino Farms, Starbucks Coffee, The Habit Burger Grill, Boichik Bagels, Teriyaki Madness and Orangetheory Fitness.

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207-Peachtree
DevelopmentEntertainmentGeorgiaNews

RPB Management Group to Open Dining, Entertainment Venue in Atlanta

by Abby Cox

Atlanta — RPB Management Group will open 207 Peachtree, a 45,000-square-foot entertainment, dining and event venue located in downtown Atlanta. Set to debut this spring, the reimagined 1920s building will include American Dive, a dive bar with live music and arcade games; Peachtree Sporting Club, an experiential sports bar featuring seven sports simulator bays and a 20-foot panoramic TV wall; Aire, a rooftop lounge with an indoor-outdoor space; and a 10,000-square-foot event space that can accommodate more than 300 guests. Red Phone Booth, a speakeasy lounge and bar, and Amalfi Cucina …

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Neiman-Marcus-Tampa
Company newsNewsOperationsRetailers

Saks Global to Close Select Saks Fifth Avenue and Neiman Marcus Stores

by Abby Cox

New York City — Since declaring Chapter 11 bankruptcy last month, Saks Global Enterprises will close eight Saks Fifth Avenue stores, as well as one Neiman Marcus store. No changes are planned for the Bergdorf Goodman operational footprint. Saks Global is changing the Saks Fifth Avenue and Neiman Marcus store locations to focus on profitable stores with the highest growth potential. “Go-forward locations” are being determined as part of the company’s ongoing operational plan, which is based on performance and lease economics, among other things. The eight Saks Fifth Avenue locations …

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RiverGate-Mall_Goodlettsville
DevelopmentMixed-useNewsTennessee

Merus Acquires RiverGate Mall in Metro Nashville, Plans $450 Million Mixed-Use Redevelopment

by Abby Cox

Goodlettsville, Tenn. — Merus, a design-build firm that was formerly known as Al. Neyer, has purchased RiverGate Mall, an enclosed shopping mall located at 1000 Rivergate Parkway in Goodlettsville that opened in 1971. The Cincinnati-based firm is planning to transform the 57-acre site on the northern outskirts of Nashville into a $450 million mixed-use district. Merus plans to demolish the mall this spring. In its place, the firm will develop 700 multifamily units, 100 townhomes, 80 independent seniors housing units, more than 130,000 square feet of retail and dining space and …

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stir-medley
DevelopmentGeorgiaLeasingMixed-useNews

Toro Development Signs Leases with Five New Tenants at Medley in Metro Atlanta

by Abby Cox

Johns Creek, Ga. — Toro Development Co. (TDC) has signed leases with five new tenants at Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. Trader Joe’s, Shake Shack, Kontour Medical Spa, Moop’s Boutique and Northern China Eatery are expected to open on Oct. 29, along with the debut of Medley’s official launch. The latest concepts join a mix of additional retailers and restaurants, including Sephora, STIR, Tonic House, Rena’s Italian Fishery & Grill, High Country Outfitters, BODYROK, Playa Bowls, Petfolk, CRÚ Food & …

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FloridaInvestment salesNewsTexas

Levin Johnston Group Brokers $9 Million Sale of Two Single-Tenant Retail Properties in Texas, Florida 

by Abby Cox

Lutz, Fla. and Austin, Texas — Levin Johnston Group of Marcus & Millichap has brokered the $9 million sale of two, newly-constructed single-tenant retail properties in Texas and Florida. Marcus & Millichap’s Levin Johnston team represented a single private investor in the acquisitions. The buyer used proceeds from the sale of a 24-unit apartment community in Redwood City, California to reinvest into the retail properties. Chipotle Mexican Grill occupies a 2,493-square-foot building at 10301 Cross Creek Blvd. in Lutz. Chick-fil-A occupies a 4,944-square-foot building at 7300 McKinney Falls Parkway in Austin. …

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Dutch-Qdoba-Copper-Leaf
FinanceMissouriNews

Trident Capital Partners Provides $1.5 Million Bridge Loan for Retail Property in Metro Kansas City

by Abby Cox

Blue Springs, Mo. — Trident Capital Partners has provided a $1.5 million bridge loan for the acquisition of a newly constructed retail property within Copperleaf Shopping Center in Blue Springs. The six-month, full-recourse loan is secured by a first lien on the property, a 4,685-square-foot retail building housed on one of the center’s pad sites. The borrower, a partnership of three private investor groups, acquired the property to maintain control over development and leasing at Copperleaf Shopping Center, a 32,978-square-foot retail center that it purchased in February 2023 for $6.9 …

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