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coconut-creek
FloridaInvestment salesNews

Levy Realty Advisors Arranges $20 Million Sale of 124,000-Square-Foot Shopping Center Near Fort Lauderdale

by Abby Cox

Coconut Creek, Fla. — Levy Realty Advisors has arranged the $20 million sale of a 124,000-square-foot shopping center located at 6806-6814 N. State Road-7 in Coconut Creek, approximately 13 miles north of Fort Lauderdale. Brandon Abdelnour and Marcel Saraskin of Encore Real Estate Investment Services represented the buyer, BrassWater, a Montreal-based real estate development firm. Alan Levy and Lielle Sosa of Levy Realty Advisors represented the seller, Coconut Fields, in the transaction. Park Creek Surgery Center anchors the center, which features additional tenants such as Haverty’s and Akumin.

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Daves_Hot_Chicken_Fairfax
ConnecticutDevelopmentIllinoisMinnesotaNew YorkNewsNorth CarolinaOhioRestaurantsUtah

Dave’s Hot Chicken Opens Record Eight Restaurants in a Single Day

by Abby Cox

Pasadena, Calif. — Dave’s Hot Chicken opened eight new restaurants on April 16, expanding its footprint to more than 400 locations worldwide. The fast-casual concept, which originated in Los Angeles, is bringing its Nashville-style hot chicken to multiple markets, including Fairlawn, Ohio; Oneonta, New York; Edina, Minnesota; Gastonia, North Carolina; Arlington Heights, Illinois; Miami; Saratoga, Utah; and Waterford, Connecticut. Founded in 2017, Dave’s Hot Chicken has sold the rights to more than 1,020 franchise locations in the U.S., Europe, the Middle East and Canada, and will open 70-plus locations this year.

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spice-and-tea-exchange
DevelopmentFloridaNewsOklahomaRetailersVirginia

The Spice & Tea Exchange Signs New Franchise Deals Across Oklahoma and Virginia

by Abby Cox

St. Augustine, Fla. — St. Augustine, Florida-based specialty retail brand The Spice & Tea Exchange has signed a franchise agreement to open seven new stores across Oklahoma and Virginia. The newly signed agreements include one unit in Guthrie, Oklahoma; two, three-unit development deals in Fredericksburg, Charlottesville and Roanoke, Virginia; and Lexington, plus two additional territories to be announced. These deals build upon the brand’s existing footprint in Sulphur, Oklahoma, and Richmond and Williamsburg, Virginia. Development timelines and projected opening dates for the new locations will be released in the coming …

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513-Merritt_Nashville
Investment salesNewsTennessee

Carmichael Capital Acquires 22,802-Square-Foot Adaptive Reuse Retail Property in Nashville, Tennessee

by Abby Cox

Nashville, Tenn. — Carmichael Capital LLC, a locally based real estate investment firm founded by Taylor Camp, has acquired The Mill, a 22,802-square-foot adaptive reuse retail property located at 515 Merritt Ave. in Nashville’s Wedgewood-Houston neighborhood. SomeraRoad, a mixed-use development firm based in Nashville, sold the property for an undisclosed price. The Mill’s tenant roster comprises retail and restaurant concepts including Indochino, Hermitage Kitchen Gallery, Gordo’s Taqueria and BC Block Fitness. Kipper Worthington of Cushman & Wakefield handles the leasing assignment at The Mill, which is the second acquisition in …

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FloridaInvestment salesNews

CBRE Brokers Sale of 96,946-Square-Foot Shopping Center in Metro Orlando

by Abby Cox

Casselberry, Fla. — CBRE has brokered the sale of Casselberry Square, a 96,946-square-foot shopping center located at the intersection of State Road 436 and Red Bug Lake Road in Casselberry, a suburb of Orlando. The property was fully leased at the time of sale to tenants including Ollie’s Bargain Outlet, Pet Supermarket and Dollar General. Dennis Carson, Casey Rosen, Dan Baker and Michael Etemad of CBRE represented the seller in the transaction, which included two vacant outparcels. Daryl Carter and Emily Brown of Maury L Carter & Associates co-represented the …

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Walmart
ArkansasDevelopmentNewsRetailers

Walmart Plans 650 Remodels, 20 Store Openings in Next 12 Months

by Abby Cox

Bentonville, Ark. — Walmart Inc. has announced plans to invest in more than 650 scheduled remodels of Walmart Supercenter and Walmart Neighborhood Market stores this year. The Bentonville-based retail giant also plans to open roughly 20 new stores throughout the remainder of 2026 and early 2027.  Plans include the expansion of a Walmart Supercenter in Tucson, Ariz., as well as the opening of a Supercenter store in Celina, Texas. Earlier this year the retailer opened a new Walmart Supercenter in Eastvale, Calif., as well as three Supercenters and a Neighborhood …

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Legacy-Rendering
ColoradoDevelopmentInvestment salesNews

LDP, Garrett Cos. Acquire 30 Acres, Plans Major Retail Developent Near Colorado Spings

by Abby Cox

Monument, Colo. —  A partnership between Legacy Development Partners (LDP) and The Garrett Cos. has acquired approximately 30 acres to develop Legacy at Jackson Landing, a 225,000-square-foot retail center located at the northeast quadrant of Interstate 25 and Baptist Road in Monument, roughly 20 miles north of Colorado Springs. The development will be anchored by Target, with other proposed tenants including Marshalls, HomeGoods, Chick-fil-A and Firehouse Subs. Additional retailers and restaurants are currently in active negotiations. Construction is expected to begin immediately, with a targeted opening in October 2027. Forth …

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Clay Town Center
FloridaInvestment salesNews

Marcus & Millichap Brokers $8.4 Million Sale of Retail Property in Metro Jacksonville, Florida

by Abby Cox

Middleburg, Fla. — Marcus & Millichap has brokered the $8.4 million sale of a 17,400-square-foot retail center located in Middleburg, roughly 26 miles southwest of downtown Jacksonville. Situated at 1690 Jeremiah St. within the Clay Town Center mixed-use development, the retail property is fully leased to a mix of eight tenants including Mattress Warehouse, Firehouse Subs, Domino’s Pizza and Wingstop. The center was built in 2025 on approximately 3.2 acres. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap marketed the property on behalf of the seller, a Delaware-based LLC, …

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Needham Center Shoppes
Investment salesMassachusettsNews

Linear Retail Properties Purchases Needham Center Shoppes in Massachusetts for $7 Million

by Abby Cox

Needham, Mass. — Linear Retail Properties has acquired Needham Center Shoppes, an 11,330-square-foot store block located at 113-133 Chapel St. and 1013-1019 Great Plain Ave. in Needham, a southwestern suburb of Boston. The purchase price was $7 million. Current tenants include Needham Center Fine Wines, Citizens Bank, Gari’s Japanese Fusion Bistro, Bagel’s Best, Beauty Muse and the Kumon Math and Reading Center. Needham Center Shoppes has been owned and operated by the Heffernan family since 1970.

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Pollo-Campero
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $2.9 Million Sale of Single-Tenant Retail Property in Inland Empire

by Abby Cox

Lake Elsinore, Calif. —Hanley Investment Group Real Estate Advisors has arranged the $2.9 million sale of a 3,000-square-foot, single-tenant retail property located in the Inland Empire city of Lake Elsinore. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Evergreen Devco, in the transaction. Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer, a private investor based in San Bernardino County, California. Situated as an outpacel within a new Stater Bros.-anchored retail development, the newly constructed retail building is occupied by Pollo Campero …

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