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Seamist-Commons
DevelopmentMixed-useNewsSouth Carolina

Stone City Capital to Develop 68-Acre Mixed-Use Project in Metro Charleston, South Carolina

by Abby Cox

Summerville, S.C. — Charlotte-based Stone City Capital will develop Seamist Commons, a 68-acre mixed-use development located in the Charleston suburb of Summerville. The development will include retail and restaurant space in a walkable, village-style setting; office space; residential units with a central community commons; a 28-acre forest preserve with potential future trailheads; golf cart accessibility; electric vehicle charging infrastructure; and outparcels for build-to-suit users and ground-lease tenants. Seamist Commons will serve a trade area anchored by approximately 20,000 nearby homes. Preleasing efforts are underway for Phase I of Seamist Commons, featuring …

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Oakwood Plaza
IllinoisInvestment salesNews

Marcus & Millichap Brokers $9.3 Million Sale of Oakwood Plaza in Metro St. Louis

by Abby Cox

Alton, Ill. — Marcus & Millichap has brokered the $9.3 million sale of Oakwood Plaza, a 45,400-square-foot shopping center located in Alton, approximately 25 miles north of St. Louis. Built in 2005, the property features a mix of 16 tenants including Panera Bread, Spectrum, Dollar Tree and Great Clips. Chris Garavaglia and Alex Perez of Marcus & Millichap marketed the property on behalf of the seller, Commonwealth Commercial. Steven Weinstock was Marcus & Millichap’s broker of record in Illinois.

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Cooper Street Annex
Investment salesNewsTexas

Weitzman Acquires 87,857-Square-Foot Retail Center in Arlington, Texas

by Abby Cox

Arlington, Texas — Cooper Street Annex Ltd., a limited partnership managed by Weitzman, has acquired Cooper Street Annex, an 87,857-square-foot retail center located in the Dallas suburb of Arlington. Stephen R. Schmidt, Nick Cate and Eric Yoo internally represented the firm. Hudson Lambert of Dallas-based Summit RE represented the seller in the transaction. Weitzman will manage the center. Cooper Street Annex — which was fully leased at the time of sale — features a mix of tenants including Cavender’s Boot City, O’Reilly Auto Parts, Chuck E. Cheese Adventure World and WellMed. The …

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The Market at Meridiana
DevelopmentNewsTexas

MHC Breaks Ground on The Market at Meridiana in Metro Houston

by Abby Cox

Manvel, Texas — Malabar Hill Capital (MHC) has broken ground on The Market at Meridiana, a 27,000-square-foot neighborhood shopping center located in Manvel, roughly 24 miles south of Houston. Situated at the entrance of the Meridiana master-planned community, The Market at Meridiana is 54 percent preleased to tenants including La Dolce Nail Salon, Select Physical Therapy and Twisted Egg Shack.

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HawaiiLeasingNews

Brookfield Properties Signs Leases with Three New Tenants at Ala Moana Center in Honolulu

by Abby Cox

Honolulu — Brookfield Properties has signed leases with five new tenants at Ala Moana Center, a 2.4 million-square-foot open-air center located in Honolulu. L&L Hawaiian Barbecue and Supreme Dumplings are scheduled to open in May, and Molly Tea will debut in July. Additional tenants that have recently opened at the center include Always A.Line, Columbia Sportswear, Eyeland Hawai’i, Space 62 and Tandoori Express. Meanwhile, multiple retailers at Ala Moana Center have also relocated to larger spaces or renovated their stores, such as Aesop, Ben Bridge Jeweler, Evo Gadgets, Hollister, Laine Honolulu, …

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Lakeforest-Mall_Gaithersburg
DevelopmentMarylandMixed-useNews

WRS Breaks Ground on $1.2 Billion Redevelopment of Lakeforest Mall in Metro D.C.

by Abby Cox

Gaithersburg, Md. — WRS Inc., a retail and mixed-use development firm based in Charleston, S.C., has broken ground on the $1.2 billion redevelopment of Lakeforest Mall, a 102-acre shopping mall in Gaithersburg that shuttered in 2023. Situated in the northern arch of the Washington, D.C., suburbs, the multi-phase project will transform 1.1 million square feet of obsolete retail space and parking lots into a walkable “mini-city” that will be master-planned on a grid of walkable streets and public amenities. “This is more than just a construction project; it is the rebirth …

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Shoppes at Cornerstone IV
DevelopmentNewsOhio

Oberer Completes Final Retail Strip Center at Mixed-Use Project Near Dayton, Ohio

by Abby Cox

Centerville, Ohio — Oberer Cos. has completed the final retail strip center within The Cornerstone of Centerville North, called Shoppes at Cornerstone IV, officially marking the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Body Par Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer …

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7-Brew-Indiana
IndianaInvestment salesNews

Marcus & Millichap Arranges $4.3 Million Sale of Two Single-Tenant Retail Properties in Valparaiso, Indiana

by Abby Cox

Valparaiso, Ind. — Marcus & Millichap has arranged the $4.3 million sale of two adjacent single-tenant retail properties in two separate transactions located in Valparaiso. Chipotle is located at 2803 Calumet Ave. and 7 Brew is located at 2805 Calumet Ave. The newly constructed retail buildings operate on 15-year leases. Nicholas Kanich and Mitchell Kiven of Marcus & Millichap listed the property on behalf of the seller, an Indiana-based retail developer and operator, and procured both buyers, a Nevada-based investment and development firm and an Indiana-based investor and residential developer. 

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DevelopmentEntertainmentNewsVirginia

BIVI/Padel Acquires Former Beach Cinema Alehouse in Virginia Beach for $6.3 Million, Plans Redevelopment

by Abby Cox

Virginia Beach, Va. — BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry, creating a social “third space.” The facility is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also of Divaris Real Estate, represented the buyer.

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tdc-second-phase
DevelopmentGeorgiaMixed-useNews

TDC to Break Ground on Second Phase of Medley in Johns Creek, Georgia

by Abby Cox

Johns Creek, Ga. — Toro Development Co. (TDC) plans to break ground on the second phase of Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. TDC and Denver-based Ascentris closed on a $90 million construction loan earlier this month. The second phase, dubbed Encore, will feature an additional 408 apartments and 20,000 square feet of ground-floor retail. TDC has also added seven tenants to its lineup, bringing the total number of executed leases to 37, which represents 78 percent of the project’s retail space …

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