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Overlook at Oakbrook
IllinoisInvestment salesNews

MetLife Investment Sells Overlook at Oakbrook in Metro Chicago for $44 Million

by Abby Cox

Oak Brook, Ill. — MetLife Investment Management has sold Overlook at Oakbrook, a 52,876-square-foot, unanchored retail strip center located in Oak Brook, roughly 20 miles east of Chicago. Overlook at Oakbrook spans seven buildings and was 94 percent leased to 13 tenants at the time of sale including Lazy Dog Restaurant and Bar, Panera Bread, Veterinary Emergency Group (VEG) and Guidepost Montessori. The property was completed in 2023, and is situated adjacent to Oakbrook Center, a 2 million-square-foot super-regional mall. Michael Nieder, Brian Page and Alex Sharrin of JLL’s Investment Sales …

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Viva-White-Oak
DevelopmentGrocery-anchoredMarylandMixed-useNews

MCB Signs Costco to Anchor $2.8 Billion Viva White Oak Mixed-Use Development in Metro D.C.

by Abby Cox

Silver Spring, Md. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated roughly 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 …

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Shops at Plaza West Covina
CaliforniaInvestment salesNews

Phillips Edison & Co. Acquires Shops at Plaza West Covina in Southern California for $25.8 Million

by Abby Cox

West Covina, Calif. — Cincinnati, Ohio-based Phillips Edison & Co. has acquired the Shops at Plaza West Covina, a 46,406-square-foot shopping center located in West Covina, roughly 20 miles east of Los Angeles, for $25.6 million. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. Shops at Plaza West Covina was 88 percent leased at the time of sale to tenants including Bank of America, Jamba Urbane Café, SchoolsFirst Federal Credit Union, California Fish Grill and Gen Korean BBQ House, among others. The property …

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The Shops at Fry & Tuckerton
Investment salesNewsTexas

JLL Arranges Sale of 39,912-Square-Foot Retail Center in Metro Houston

by Abby Cox

Cypress, Texas — JLL Capital Markets has arranged the sale of Shops at Fry & Tuckerton, a newly constructed, 39,912-square-foot retail development located in Cypress, a northwestern suburb of Houston. Ryan West, John Indelli and Michael King of JLL’s Investment Sales and Advisory team represented the seller, Gulf Coast Commercial Group, in the transaction. Situated at the entrance of the Bridgeland master-planned community, The Shops at Fry & Tuckerton consists of three multi-tenant retail buildings, which were fully leased at the time of sale. Tenants at the property include Five Guys …

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playa-bowls-franchise
DevelopmentMissouriNevadaNewsRestaurantsSouth Carolina

Playa Bowls Signs Three Multi-Unit Franchise Agreements Across Three States

by Abby Cox

Belmar, N.J. — Belmar, New Jersey-based Playa Bowls, a fast-causal restaurant chain that specializes in açai bowls, smoothies and fruit juices, has signed three multi-unit franchise agreements spanning Nevada, South Carolina and Missouri. Husband-and-wife teams Justin and Hannah Kirkland, alongside Craig and Diana Kirkland, will own and operate 10 restaurants in Southern Nevada. Brittany and Jeff Ciaramita have signed a five-unit development agreement in Missouri, marking the brand’s introduction to the state. Potential locations include Ladue, Central West End, Creve Coeur, Town and Country and Chesterfield, with the first location …

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7-Eleven-Bernardino
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3 Million Pre-Sale of Single-Tenant Retail Property in San Bernardino, California

by Abby Cox

San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3 million pre-sale of a newly constructed single-tenant retail property situated at the intersection of Redlands Boulevard and Hunts Lane in San Bernardino. The building will be occupied by a 7-Eleven commercial fueling lanes (CFL) prototype on a 15-year, triple-net ground lease. The location will serve as a bridge between a traditional convenience store and a truck stop, which includes high-speed diesel lanes for commercial vehicles, commercial truck diesel infrastructure compatible with the 7FLEET Diesel Network and diesel …

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CFA-Leesburg
FloridaInvestment salesNews

SRS Negotiates $3.5 Million Ground Lease Sale of Single-Tenant Restaurant Property in Central Florida

by Abby Cox

Leesburg, Fla. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, New York-based private investor.

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Simon-WrenthamPremiumOutlets
LeasingMassachusettsNews

Simon Property Group Signs Leases with Four New Tenants at Wrentham Village Premium Outlets in Massachusetts

by Abby Cox

Wrentham, Mass. — Simon Property Group has signed leases with four new tenants at Wrentham Village Premium Outlets, a 616,000-square-foot open-air power center located in Wrentham, approximately 30 miles southwest of Boston. The Shaquille O’Neal-branded fast-causal restaurant chain Big Chicken is already open at the property, while Taiwanese tea house Gong Cha will open in late spring. Athletic apparel brand Fabletics will debut this summer, along with Gymboree, a children’s clothing brand. Opened in 1997 and renovated in 2018, Wrentham Village Premium Outlets features more than 170 stores, including Ulta …

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Company newsFloridaNews

Saglo Cos. Names New Chairman, CEO

by Abby Cox

Miami — Miami-based Saglo Cos. has named the company’s current president, Hue Chen, as its new CEO. Chen has served as president of the shopping center owner and operator for the past 10 years. In addition to overseeing enterprise-wide operations, Hue will lead Saglo’s long-term strategy, growth initiatives and capital deployment efforts. Jack Glottmann, who initially joined his father to lead the company in 1998, will transition from his position of CEO to chairman. As chairman, Glottmann will continue to provide oversight while focusing on strengthening relationships with Saglo’s investors …

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Desert-Sky-Plaza-II-Victorville-CA
CaliforniaDevelopmentNews

NewMark Merrill-Led Partnership to Develop 297,363-Square-Foot Retail Center in Victorville, California

by Abby Cox

Victorville, Calif. — NewMark Merrill Cos., in partnership with World Premier Investments and R.Y. Properties, has received entitlements to develop Desert Sky Plaza II, a 30-acre shopping center located at the southeast corner of Roy Rogers Drive and Amargosa Road in Victorville, approximately 35 miles north of San Bernardino. NewMark Merrill is scheduled to break ground on the project in the second quarter of 2026 with the opening planned for fall 2027. Designed by Architects Orange and Kimley-Horn, Desert Sky Plaza II will be the second phase of the existing Desert …

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