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Ziggurat_Miami_Coconut-Grove
DevelopmentFloridaMixed-useNews

Allen Morris Co. Obtains $138.5 Million Construction Loan for Coconut Grove Mixed-Use Project in Miami

by Abby Cox

Miami — Allen Morris Co. has obtained a $138.5 million construction loan for Ziggurat, a mixed-use development located in Miami’s Coconut Grove neighborhood. Faisal Ashraf of Lotus Capital Partners arranged the loan through BDT & MSD Partners and BHI, the U.S. bank of Israel-based Bank Hapoalim. Further details of the financing were not released. Designed by Oppenheim Architecture, Ziggurat will comprise two buildings featuring natural stone exteriors with gardens wrapping every level. The project will be situated on a 1.7-acre site at the intersection of Grand Avenue, Matilda Street and Florida …

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shoppes-at-wissinoming
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Negotiates $30.8 Million Sale of Shoppes at Wissinoming in Philadelphia

by Abby Cox

Philadelphia — JLL Capital Markets has negotiated the $30.8 million sale of the Shoppes at Wissinoming, a 97,982-square-foot neighborhood shopping center located in Northeast Philadelphia. ShopRite anchors the property, which was 98 percent occupied at the time of sale. Additional tenants include Wawa, Popeyes, AT&T, Elite Dental and Wissinoming Laundromat. The 11.3-acre site was originally built in 2018. Jim Galbally, Patrick Higgins and JP Colussi of JLL’s sales and advisory team represented the seller, ARCTRUST, in the transaction. The buyer was an affiliate of Brown’s Real Estate.

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Sprouts Farmers Market
Grocery-anchoredNewsTennessee

GBT Realty to Develop Sprouts Farmers Market at Port Royal Marketplace in Metro Nashville

by Abby Cox

Spring Hill, Tenn. — GBT Realty has submitted plans to develop a Sprouts Farmers Market to anchor Port Royal Marketplace, a planned retail center in Spring Hill, approximately 35 miles south of Nashville. Following city approvals, GBT anticipates construction to commence in early 2026, with completion planned for early 2027. Situated on the southwest corner of Duplex and Port Royal roads, Port Royal Marketplace is expected to total 46,000 square feet and will feature a 23,000-square-foot Sprouts, 16,000 square feet of inline shops and a 6,800-square-foot shop building. In addition, …

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Petco
ColoradoFinanceNews

Integra Real Estate Arranges $5.4 Million in Financing for Interplaza West Retail Center in Metro Denver

by Abby Cox

Golden, Colo. — New York-based Integra Real Estate Capital has arranged a $5.4 million loan for the financing of Interplaza West, a 31,675-square-foot retail center located in Golden, approximately 12 miles west of Denver. Russell Kimyagarov of Integra secured the financing through a credit union lender. Petco anchors Interplaza West, which is 90 percent leased. Additional tenants include Adio Health Center and Great Clips.

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district-15fifteen
LeasingMixed-useNew JerseyNews

Developers Announce Seven New Leases at District 15Fifteen in Parsippany, New Jersey

by Abby Cox

Parsippany, N.J. — Stanbery Development Group, Claremont Development and PCCP LLC have signed seven new leases at District 15Fifteen, a mixed-use project under development in the Northern New Jersey community of Parsipanny. Newly confirmed retailers and restaurants include The Yard Gym, Discover Strength, Yoga Six, Jetset Pilates, O’Bagel, Pure Green and Home Town Creamery. The tenants will occupy a combined 12,849 square feet, with more than 65 percent of the retail space at District 15Fifteen now leased. Tenants are projected to open in the spring and summer of 2026. Ryan …

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Esplanade at Aventura
FloridaInvestment salesNews

JLL Arranges $131 Million Sale of Esplanade at Aventura in South Florida

by Abby Cox

Aventura, Fla. — JLL has arranged the $131 million sale of Esplanade at Aventura, a 219,000-square-foot mixed-use development located in Aventura, roughly 20 miles north of Miami. Situated adjacent to Aventura Mall, the open-air development was completed in 2023. The center features several food and beverage concepts including STK, Joey’s, Amalfi Llama, North Italia, Pura Vida, Starbucks Coffee and Sweetgreen, as well as additional retail tenants such as LEGO, Anatomy Fitness, Pure Barre and One Medical. Industrial and professional service tenants occupy the property’s office space. Danny Finkle, Chris Angelone, …

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Pavilion Shopping Center
CaliforniaInvestment salesNews

Brixton Capital Sells Pavilion Shopping Center in Metro San Diego for $30.5 Million

by Abby Cox

Vista, Calif. — Brixton Capital has sold Pavilion Shopping Center, a 137,742-square-foot open-air, grocery-anchored retail center located in Vista, approximately 34 miles north of San Diego. Milan Capital Management acquired the property for $30.5 million At the time of sale, the nearly 11-acre property was 95.3 percent leased to various tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Additionally, the property underwent extensive capital improvements, including a completely renovated parking lot that was …

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Bluhawk Phase II
DevelopmentKansasMixed-useNews

PB Development Breaks Ground on Phase II of Mixed-Use Development in Suburban Kansas City

by Abby Cox

Overland Park, Kan. — PB Development has broken ground on Phase II of Bluhawk, a mixed-use development located in the Kansas City suburb of Overland Park. The second phase of the project will include 160,000 square feet of retail, entertainment and dining space situated directly north of the property’s 420,000-square-foot AdventHealth Sports Park. Phase II of the development will also include gathering spaces to host concerts, farmers markets, community activities and watch parties, and will feature additional landscaping, water features, artwork and intricate architectural details. New tenant announcements are expected in …

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Elmwood-Park
IllinoisInvestment salesNews

Greenstone Partners Brokers $5.2 Million Sale of Elmwood Commons Retail Center in Metro Chicago

by Abby Cox

Elmwood Park, Ill. — Greenstone Partners has brokered the $5.2 million sale of Elmwood Commons, a 16,840-square-foot retail center in the Chicago suburb of Elmwood Park. The property sold to an institutional investor for the full list price. Developed in 1991, the multi-tenant center has maintained near full occupancy since its construction and features a weighted average lease tenure of 15.6 years. Longstanding tenants include FedEx Office, which has occupied its space for 34 years, Wingstop (24 years), Jimmy John’s (19 years), Betty’s (12 years) and Happy Wok (11 years). …

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AlabamaInvestment salesNews

Legacy Commercial Property Acquires 55,000-Square-Foot Hunnington Center in Alabama

by Abby Cox

Huntsville, Ala. — Legacy Commercial Property, a division of Highland Ventures, has acquired Hunnington Center, a 55,000-square-foot retail property located at 11220 Memorial Parkway SW in Huntsville. The property features 10 flexibly sized units with roughly 36,000 square feet of space available for lease. Current tenants include Taziki’s Mediterranean Café, Alfa Mutual Insurance Co., Functional Chiropractic, Hunnington Pharmacy, State Farm Insurance, Mariner Finance and Advance Auto Parts. Legacy Commercial plans to renovate the exterior with a new façade, roof, signage and parking lot.

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