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Starbucks to Open 400 Net New U.S. Stores as Part of Transformation Plan 

by Abby Cox

Seattle — At its recent 2026 Investor Day, Starbucks Coffee Co. highlighted progress in its “Back to Starbucks” transformation plan. By fiscal 2028, the company expects to open 2,000 net new stores across its portfolio, including approximately 400 net new U.S. company-operated stores. Brady Brewer, chief executive officer for Starbucks International, shared the company’s plan to accelerate global growth in a program referred to as coffeehouse “uplifts.” With this plan, Starbucks expects to add more than 25,000 café seats across the U.S. by the end of fiscal 2026. Starbucks also announced …

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Bolsa-Pacific-Westminster-CA
CaliforniaDevelopmentMixed-useNews

Shopoff Realty Investments Acquires Remaining Balance of Westminster Mall in California for Mixed-Use Redevelopment Project

by Abby Cox

Westminster, Calif. — Shopoff Realty Investments has acquired the remainder of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer in the deal. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development will deliver approximately 2,250 housing units, …

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Turtle Run Shoppes
FloridaInvestment salesNews

Pliskin Realty Acquires Turtle Run Shoppes in South Florida for $19.5 Million

by Abby Cox

Coral Springs, Fla. — Pliskin Realty & Development has acquired Turtle Run Shoppes, an 80,000-square-foot retail center located in Coral Springs, a city in South Florida’s Broward County, for $19.5 million. Built in 1990 and renovated in 2018, Turtle Run Shoppes was 92 percent leased at the time of sale. Tenants include America’s Best Contacts and Eyeglasses, Cycle Gear, My Salon Suite, Smoothie King, La Brasas Bar & Restaurant, the U.S. Postal Service and Ross Dress for Less, which anchors the center. Douglas Mandel, Zach Levine and Cody Hershey of Marcus …

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Olde Canal Plaza
ConnecticutInvestment salesNews

Marcus & Millichap Brokers $5.2 Million Sale of 34,194-Square-Foot Retail Center in Suburban Hartford

by Abby Cox

Plainville, Conn. — Marcus & Millichap has brokered the $5.2 million sale of Olde Canal Plaza, a 34,194-square-foot retail center located in Plainville, a southwestern suburb of Hartford. Built in 1987 on more than 3 acres, Olde Canal Plaza is 93 percent leased to office, medical and retail tenants, such as The Pottery Piazza, Husky Pizza, Connecticut Centers for Neuropathy and sweetFrog Yogurt, according to Loop Net. Mark Krantz and Derrick Dougherty of Marcus & Millichap procured the buyer, a private investor based in New York. Frank Amodio and Eric Amodio of Amodio & …

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Daycare-Center-Portfolio
Investment salesIowaMinnesotaNebraskaNews

Marcus & Millichap Brokers $41.6 Million Sale of Daycare Center Portfolio Across Three States

by Abby Cox

Iowa, Minnesota and Nebraska — Marcus & Millichap has brokered the $41.6 million sale of a collection of 18 triple net leased early childhood development centers in Iowa, Minnesota and Nebraska. Spencer Berkley, Mark Ruble, Chris Lind, Zack House, Jon Ruzicka and Adam Lewis of Marcus & Millichap represented the sellers, Ben Ditzer and Bob Carlson of Triple Net Capital, and procured the buyer, a Florida-based real estate investment trust. The portfolio included a range of lease structures and ownership entities. Two additional properties were sold separately to private buyers …

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Company newsLeasingMixed-useNew YorkNews

Newmark to Provide Leasing for Penn District in New York City

by Abby Cox

New York City — Newmark Group has been selected to provide leasing for the retail component of the Penn District, a $2.5 billion mixed-use redevelopment in Midtown Manhattan. Mark Masinter, Karen Bellantoni, Jackie Totolo, Pierce Thompson and Nick Masinter of Newmark will lead leasing efforts at the property, which is owned and operated by Vornado Realty Trust. Penn District is now home to 5 million square feet of office space, 300,000 square feet of public plaza space and 1.1 million square feet of retail. Vornado also plans to create a cohesive street-level experience along both …

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chipotle_ohio
Investment salesNewsOhio

Cooper Commercial Negotiates Sale of Single-Tenant Retail Property in Suburban Dayton 

by Abby Cox

Piqua, Ohio — Cooper Commercial Investment Group has negotiated the sale of a single-tenant retail property located in Piqua, roughly 28 miles north of Dayton. Chipotle Mexican Grill occupies the building — which includes a drive-thru and patio seating — on a new 15-year lease featuring 10 percent rental increases in the sixth and 11th years. Dan Cooper of Cooper Commercial represented the seller. The all-cash, 1031 exchange buyer was based in California.

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bowie-town-center
Investment salesMarylandNews

CBRE Negotiates Sale of 293,099-Square-Foot Bowie Town Center in Maryland

by Abby Cox

Bowie, Md. — CBRE has negotiated the sale of Bowie Town Center, a 293,099-square-foot lifestyle center in Prince George County, Maryland, bordering the eastern portion of Washington, D.C. A partnership between Nile Equity Group and Community Real Estate Co. purchased the property for an undisclosed price. Ryan Sciullo, Chris Munley, Colin Behr, Casey Smith and RJ Mirabile of CBRE’s National Retail Partners Mid-Atlantic represented the seller in the transaction. Bowie Town Center was 86 percent leased at the time of sale to tenants including Bath & Body Works, Barnes & Noble, …

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Best-Buy
Investment salesNewsWisconsin

Marcus & Millichap Arranges $4.9 Million Sale of Best Buy-Occupied Retail Building in Lake Geneva, Wisconsin

by Abby Cox

Lake Geneva, Wis. — Marcus & Millichap has arranged the $4.9 million sale of a 30,162-square-foot retail building net leased to Best Buy in Lake Geneva, about 50 miles southwest of Milwaukee. Best Buy has occupied the property, which is part of a retail strip center shadow anchored by Target, since it was built in 2008. Jeff Rowlett and Eric Wagner of Marcus & Millichap represented the seller, BB Geneva LLC, and procured the buyer, Agree Central LLC, in the transaction.

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Zaxbys_Modern-Farmhouse-Exterior
DevelopmentMissouriNewsRestaurants

Zaxby’s to Open Seven New Restaurants in Missouri

by Abby Cox

St. Louis and Columbia, Mo. — Zaxby’s has signed a franchise agreement with Triple Z Holdings LLC to open seven new restaurants in Missouri. The development plan builds on various multi-unit franchise deals in the Midwest, including locations in Illinois and Ohio. Zaxby’s recently unveiled its newest restaurant in Chicago on Jan. 9, with more openings expected to follow. Zaxby’s currently has over 970 locations in 17 states and is headquartered in Atlanta, Georgia.

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