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Hillrose-Market_Roswell
DevelopmentGeorgiaMixed-useNews

Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Metro Atlanta

by Abby Cox

Roswell, Ga. — The Atlantic Cos. has secured construction financing and commenced construction on Hillrose Market, a 7-acre mixed-use development in downtown Roswell, a northern suburb of Atlanta. The financing includes debt from SouthState Bank and a revenue bond issued by the Roswell Downtown Development Authority. Patterson Real Estate Advisory Group arranged the financing. Located adjacent to City Hall with a walking trail connection to the city’s Canton Street district, Hillrose Market will comprise a six-building, 75,000-square-foot retail village surrounding a central greenspace, as well as an office building dubbed …

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village-park-plaza
IndianaInvestment salesNewsPower centers

CBRE Negotiates Sale of 290,016-Square-Foot Power Center in Metro Indianapolis

by Abby Cox

Carmel, Ind. — CBRE has negotiated the sale of Village Park Plaza, a 290,016-square-foot power center located in Carmel, roughly 23 miles north of Indianapolis. Christian Williams, Michael Watson, Michael Kaider, Keegan Barrett, George Good, Richard Frolik, Adam Foret and Kevin Broderick of CBRE’s National Retail Partners team represented the seller, Washington Prime Group, in the transaction. Oakbrook Terrace, Illinois-based Pine Tree, in partnership with a state pension fund, purchased the property. Village Park Plaza was 99 percent leased at the time of sale to tenants including Walmart, Menard’s, Academy Sports, …

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midtown-bonita
DevelopmentFloridaLeasingMixed-useNews

Zuckerman Group Signs Two Tenants to Join Midtown at Bonita Mixed-Use Development in Southwest Florida

by Abby Cox

Bonita Springs, Fla.  — The Zuckerman Group has signed leases with two new national tenants at Midtown at Bonita, a 68-acre, mixed-use development under construction located in Bonita Springs, about 15 miles north of Naples. T.J. Maxx and Ulta Beauty will join the lineup at Midtown at Bonita, which has leased nearly 100,000 square feet of retail space. Other committed tenants include Chipotle Mexican Grill, Panera Bread, The Hangry Bison, Club Pilates, Good Vets, Jeff’s Bagel Run, Noire the Nail Bar, Bonita Beach Wine & Spirits, Gelato&Co., LowBrow Pizza & Beer, …

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GeorgiaLeasingMixed-useNews

Jamestown Signs Leases with Three New Tenants at Avalon in Metro Atlanta

by Abby Cox

Alpharetta, Ga. —Jamestown has signed leases with three new tenants at the Avalon in Alpharetta, a 2.3 million-square-foot mixed-used development located in Alpharetta, a northern suburb of Atlanta. Johnnie-O will debut a 1,900-square-foot clothing store this summer, along with luxury activewear and lifestyle brand ALO YOGA, which will open a 4,000-square-foot store and its second location in Georgia. Meanwhile, Vuori is scheduled to debut a 4,800-square-foot space this spring. In addition to the newly signed tenants, Kendra Scott, Posman Books and Rowan have all recently refreshed their locations at Avalon. …

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3030-N-Broadway
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers $50.1 Million Sale of 131,748-Square-Foot Grocery-Anchored Center in Chicago

by Abby Cox

Chicago — Mid-America Real Estate Corp. has brokered the sale of 3030 North Broadway, a 131,748-square-foot shopping center located in Chicago. L3 Capital acquired the property for $50.1 million. Ben Wineman and Joe Girardi of Mid-America Real Estate Corp. represented the seller, SITE Centers, in the transaction. Mariano’s anchors the five-story property, which features a mix of additional tenants including Club Studio, PNC Bank, Starbucks Coffee and Fresh Dental.

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ArizonaDevelopmentNews

Diversified Partners Signs EOS Fitness to Anchor New Retail Development in Metro Phoenix

by Abby Cox

Glendale, Ariz. — Diversified Partners has signed EOS Fitness to anchor a new 24.5-acre commercial retail development in Glendale, roughly nine miles northwest of downtown Phoenix. The developer acquired the site for $5.9 million in 2022, as reported by the Phoenix Business Journal. Along with EOS Fitness, additional confirmed tenants at the new shopping center, which is currently 77 percent preleased, include Dutch Bros Coffee, HTeaO, Farmer Boys and Bojangles. An approximately 2,057-square-foot endcap shop space remains available for lease, along with additional drive-thru and retail opportunities. The development is designed …

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Target-Store
Company newsNewsRetailers

Target to Invest $2 Billion in 2026, Plans to Open 300 New Stores by 2035

by Abby Cox

Minneapolis — Minneapolis-based Target has unveiled a $2 billion, multi-year strategy to open new stores, refresh its store experience across the chain and invest in store payroll and training. Specifically, Target is planning to make a $1 billion operating investment to deliver a “more consistent, elevated experience for guests,” including updated floorplans, enhanced in-store displays and the expansion of brand marketing. Target also plans to increase its capital investment by more than $1 billion to support new stores and ongoing remodels, technology and its supply chain. While investing in more than …

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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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