News

normandy-shopping-center
Grocery-anchoredInvestment salesMarylandNews

Mackenzie Commercial Brokers $57.5 Million Sale of Normandy Shopping Center Near Baltimore

by Abby Cox

Ellicott City, Md. — Mackenzie Commercial Real Estate Services has brokered the $57.5 million sale of Normandy Shopping Center, a 185,000-square-foot grocery-anchored center located in Ellicott City, approximately 13 miles west of Baltimore. Owen Rouse and Tom Green of MacKenzie Commercial Real Estate represented the seller, an entity doing business as Normandy Venture LP, and procured the buyer, Normandy National Pike LLC. Normandy National Pike is owned by the Singh family, based in Ellicott City. The five-building shopping center has been owned by the Moxley family since 1961, according to the …

Continue Reading
0 FacebookTwitterLinkedinEmail
mountain-ranch-marketplace
ArizonaInvestment salesNews

Hanley Arranges $23 Million Sale of Shopping Center in Metro Phoenix

by Abby Cox

Goodyear, Ariz. — Hanley Investment Real Estate Advisors has arranged the $23 million sale of Mountain Ranch Marketplace, a 49,683-square-foot shopping center located in Goodyear, approximately 19 miles west of Phoenix. Originally built in 2009 on 12.4 acres, Mountain Ranch Marketplace was 94.6 percent occupied at the time of sale to tenants such as AutoZone, Starbucks, Papa John’s Pizza, Subway, Leslie’s Pool Supplies, Verizon, Edward Jones, North Star Animal Hospital, Oasis Bagels, T&T Martial Arts Academy and Great Clips. Tenants not included in the sale are Safeway, McDonald’s, Taco Bell, …

Continue Reading
0 FacebookTwitterLinkedinEmail
east-village-alpharetta-ga
GeorgiaInvestment salesNews

Matthews Negotiates Sale of 24,674-Square-Foot Retail Center in Metro Atlanta

by Abby Cox

Alpharetta, Ga. — Matthews has negotiated the sale of the final retail parcel at East Village, a recently completed, 268,000-square-foot mixed-use redevelopment located in Alpharetta, a northern suburb of Atlanta. Jeff Enck, Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the seller, The Ardent Cos., in the transaction. The buyer was not disclosed. Situated at the entrance of the East Village mixed-used development, the 24,674-square-foot retail center features a mix of tenants such as Panda Express, Palm Beach Tan, Dollar Tree and Sally Beauty, as well as two outparcel …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Oaks-of-District-West-Richmond-Texas
DevelopmentFinanceNewsTexas

Forman Capital Provides $37 Million Construction Loan for Metro Houston Retail Development

by Abby Cox

Richmond, Texas — Florida-based Forman Capital has provided a $37 million construction loan for The Oaks of District West, an 87,244-square-foot retail project located in Richmond, approximately 30 miles southwest of Houston. Developed by Ferguson Family Partners, The Oaks of District West will consist of 10 buildings that are 70 percent preleased, as well as central green space. Tenants that have committed to the project include pickleball concept The PICKLR, Grazia Italian Kitchen, Luckie’s Burger, Pacific Coast Tacos, Virtual Golf Bar and Pecan Jack’s Ice Cream. Daniel Eidson of Concord …

Continue Reading
0 FacebookTwitterLinkedinEmail
Phenix-Exterior
DevelopmentNewsRetailers

Phenix Salon Suites Ends 2025 with 26 New Locations, Plans to Open 30 More in 2026

by Abby Cox

Las Vegas — Phenix Salon Suites concluded 2025 with 26 new locations, as well as one international venue in York, United Kingdom. Meanwhile, the brand has also recently signed more than 30 new franchise agreements across new and existing markets for 2026, including Texas, Florida, California, New York and New Jersey. Phenix Salon Suites began franchising in 2012 and currently has more than 425 locations across 33 states, with continued plans to expand internationally.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Shoppes-at-North-Brunswick
Investment salesNew JerseyNews

JLL Negotiates Sale of The Shoppes at North Brunswick in Central New Jersey

by Abby Cox

North Brunswick, N.J. — JLL Capital Markets has negotiated the sale of The Shoppes at North Brunswick, a 147,000-square-foot shopping center located in North Brunswick, approximately 40 miles southwest of Manhattan. Built in 2007 across nearly 16 acres, the center is 86.7 percent occupied. Tenants at the property, which is home to 42 retailers and five office tenants, include Starbucks, Chipotle Mexican Grill, Bath & Body Works, Men’s Warehouse, Crumbl Cookies, Banana Republic, Big Blue Swim School and Orangetheory Fitness. Roughly 20,000 square feet is still available for lease. Jose …

Continue Reading
0 FacebookTwitterLinkedinEmail
Crunch-Fla
FloridaInvestment salesNewsTexas

SRS Real Estate Brokers Sale of Two Single-Tenant Retail Properties Totaling $27.4 Million in Florida, Texas

by Abby Cox

Lake Worth Beach, Fla. and Rowlett, Texas — SRS Real Estate Partners has brokered the $27.4 million sale of two single-tenant retail properties occupied by Crunch Fitness in Lake Worth Beach, Florida and Rowlett, Texas. Matthew Mousavi and Patrick Luther of SRS Real Estate represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT, in the transaction. The first property, located at 3601 Lakeview Parkway in Rowlett, totals 40,000 square feet and sold for nearly $13.8 million. Situated at 4681 Hypoluxo Road in Lake Worth Beach, the …

Continue Reading
0 FacebookTwitterLinkedinEmail
TGI-Fridays
Company newsDevelopmentNewsRestaurantsTexas

TGI Fridays Unveils New Expansion Plan, Targets 1,000 New Restaurants by 2030

by Abby Cox

Dallas — Dallas-based casual dining chain TGI Fridays has unveiled a new expansion plan. Under its “1-2-3 Strategic Vision,” the company is aiming for more than 1,000 new restaurants and $2 billion in revenue by 2030. The U.S.-based company intends to support its strategy with initiatives such as menu and beverage changes, improved guest experiences and upgrades to restaurant atmosphere. The brand’s growth strategy also includes a diverse mix of formats, including high-volume airport locations to hotel concepts and traditional full-service restaurants. TGI Fridays filed for Chapter 11 bankruptcy in November …

Continue Reading
0 FacebookTwitterLinkedinEmail
Durham-Festival
Company newsGrocery-anchoredInvestment salesMarylandNewsTexas

MCB Real Estate Completes Acquisition of Epic Real Estate Partners

by Abby Cox

Baltimore and Austin, Texas — MCB Real Estate, a privately held commercial real estate firm based in Baltimore, has completed the acquisition of Austin-based Epic Real Estate Partners. The transaction includes 15 grocery-anchored shopping centers owned in partnerships totaling more than 2 million square feet of retail space across 10 states, with a total portfolio value exceeding $575 million, as well as the operating company, which has 13 employees. The properties were cumulatively 92 percent leased at the time of the merger, and the ownership structure of all property-level limited partnerships …

Continue Reading
0 FacebookTwitterLinkedinEmail
pleasant-valley-plaza
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Arranges $20.3 Million Sale of Grocery-Anchored Center in Oxnard, California

by Abby Cox

Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Pleasant Valley Plaza, an 81,128-square-foot grocery-anchored shopping center in Oxnard, for $20.3 million. Originally built in 1961 and renovated in 2022, Pleasant Valley Plaza is 95 percent occupied and includes a mix of tenants including La Plaza Meat Market, O’Reilly Auto Parts, H Mart and Metro by T-Mobile, as well as various restaurants, service tenants and neighborhood retailers. Sean Cox and Kevin Fryman represented the seller, a private partnership based in Los Angeles. The buyer, a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts