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Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Arranges $11.5 Million Sale of Grocery-Anchored Retail Strip Center in Metro Chicago

by Abby Cox

Glendale Heights, Ill. — Marcus & Millichap has arranged the $11.5 million sale of Bloomingdale Plaza, a 46,353-square-foot retail strip center located in Glendale Heights, approximately 23 miles west of downtown Chicago. Aldi anchors the 15-suite property, which was fully leased at the time of sale. Additional tenants include Boost Mobile and Glendale Medical, both of which have occupied the center for more than 17 years. The property also features a two-tenant outparcel anchored by Starbucks. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf …

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Investment salesNewsNorth Carolina

10 Federal Acquires 219,850-Square-Foot Shopping Center in Burlington, North Carolina

by Abby Cox

Burlington, N.C. — 10 Federal, a data-driven commercial real estate firm and private equity investment manager, has acquired Eric Lane Shopping Center, a 219,850-square-foot retail property located in Burlington, roughly 22 miles east of Greensboro. This acquisition marks the company’s entry into the retail sector. Situated on 25 acres, Eric Lane Shopping Center features a mix of tenants including Northern Tool + Equipment, Carolina Bridal World, Grace Chapel and Colfax Furniture, among others.

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Investment salesNewsOhio

CBRE Brokers $3.4 Million Sale of Convenience Store in Metro Columbus, Ohio

by Abby Cox

Gahanna, Ohio — CBRE has brokered the $3.4 million sale of a newly constructed, freestanding convenience store located in Gahanna, a northwest suburb of Columbus. Sheetz occupies the building on a 15-year triple-net ground lease. Karly Iacono of CBRE represented the all-cash buyer in the transaction. Stephanie Beaumier of Casto represented the seller, an entity doing business as CP Crescent, LLC.

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DevelopmentFloridaNewsRestaurants

WOWorks Opens 23 New Restaurants, Plans 15 More By End of Year

by Abby Cox

St. Petersburg, Fla. — WOWorks has opened 23 new restaurants so far this year, with 15 additional locations currently in development. This brings WOWorks’ total footprint to nearly 240 restaurants nationwide and puts the company on pace for nearly 40 new stores by year’s end. WOWorks is the parent company of brands such as Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh, The Simple Greek, Barberitos and Zoup! Eatery. New restaurants have launched across the Midwest, Mid-Atlantic and Southeast — including Ohio, Missouri, Pennsylvania, New Jersey, Florida, Alabama, Virginia, Georgia and Texas — …

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ArizonaDevelopmentGrocery-anchoredMixed-useNews

Trammell Crow Co. Completes 181,000-Square-Foot Mixed-Use Project in Phoenix

by Abby Cox

Phoenix — Trammell Crow Co. has completed the development of an 8-acre, 181,000-square-foot mixed-used development in Phoenix. Project partners include U.S. Realty Advisors, RSP Architects, Wespac Construction, Keyser and JLL. The development features a 145,000-square-foot office building serving as Sprouts Farmers Market’s corporate headquarters, a 25,000-square-foot flagship Sprouts grocery store and approximately 11,000 square feet of retail space. The grocery store opened to the public on July 24, and the headquarters office building is complete and ready for occupancy. Located within the CityNorth development near 56th Street and Loop 101, the …

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FinanceGeorgiaGrocery-anchoredNews

Cushman & Wakefield Arranges $72 Million in Financing for Two Shopping Centers in Metro Atlanta

by Abby Cox

Sandy Springs, Ga. — Cushman & Wakefield has arranged a $72 million loan on behalf of Jamestown for the refinancing of two adjacent retail centers located in the Atlanta suburb of Sandy Springs. Totaling more than 340,000 square feet, the properties include Parkside Shops (158,400 square feet) and Hammond Exchange (176,000 square feet). A 49,506-square-foot Whole Foods Market anchors the centers, which share a footprint of about 25 acres. Additional tenants include Marshalls, HomeGoods, Petco and The Springs Cinema & Taphouse. John Alascio, Alex Hernandez, Alex Lapidus, Mitch Rothstein, Nick Scibelli …

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Investment salesNewsOhio

Cooper Group Arranges Sale of 27,299-Square-Foot Retail Property in Cincinnati 

by Abby Cox

Cincinnati — The Cooper Commercial Investment Group has arranged the sale of Spring Hill Center, a 27,299-square-foot multi-tenant retail property located in Cincinnati. Dan Cooper of Cooper Commercial represented the seller, an Ohio-based investment group, in the transaction. The buyer was a New York-based investor. The deal closed at an 8 percent cap rate. Spring Hill Center is anchored by Dollar General. 

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Investment salesNewsTexas

Partners Capital Sells 115,512-Square-Foot Retail Property in Austin, Texas

by Abby Cox

Austin, Texas — Partners Capital has sold Oak Hill Plaza, a 115,512-square-foot retail property located in Austin. Kyle Minter, James Sharpe V and Cole Frantz of Newmark brokered the disposition. The transaction marks the third property sale completed by Partners Capital’s Opportunity Fund IV investment vehicle, following the sales of Murphy Southwest Business Center in December 2025 and 10849 and 10899 Kinghurst Drive in July 2024. Partners Capital originally acquired Oak Hill Plaza in August 2021. The center was 92.5 percent leased at the time of sale by tenants including The …

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DevelopmentFinanceNewsOhio

Associated Bank Provides $9 Million Loan for 12-Acre Retail Development Near Columbus, Ohio 

by Abby Cox

Delaware, Ohio — Associated Bank has provided a $9 million loan to GTZ Properties for the development of Trailhead Crossing, a 12-acre retail property located at 1335-1131 U.S. Route 36 in Delaware, a northern suburb of Columbus. The project consists of three buildings occupied by Chick-fil-A, Chipotle Mexican Grill and Take 5 Oil Change. A second, three-tenant strip center will be occupied by Dunkin’, Nothing Bundt Cakes and Pacific Dental Services. The project also contains two pad-ready sites, one of which is a pending sale to a national daycare company. …

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ArizonaInvestment salesNews

Marcus & Millichap Arranges $3.5 Million Sale of Single-Tenant Restaurant Property in Metro Phoenix

by Abby Cox

Surprise, Ariz. — Marcus & Millichap has arranged the $3.5 million sale of a single-tenant restaurant property in Surprise, roughly 30 miles northwest of Phoenix. Applebee’s occupies the 5,103-square-foot property. Chris Lind, Mark Ruble and Zack House of Marcus & Millichap represented the seller, a Delaware-based limited liability company, and procured the buyer, a California-based limited liability company, in the all-cash transaction. The buyer plans to hold the property as a long-term investment.

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