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FloridaGrocery-anchoredInvestment salesNews

TSCG Arranges $20.7 Million Sale of Publix-Anchored Shopping Center in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — TSCG has brokered the $20.7 million sale of The Plaza at Normandy, a 58,691-square-foot, Publix-anchored shopping center located at the intersection of Normandy Boulevard and Chaffee Road South in Jacksonville. Built in 2024, The Plaza at Normandy was fully leased at the time of sale to Publix, Publix Liquor Store, Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, The UPS Store and AT&T Wireless. The shopping center includes outparcels for McDonald’s and Wawa that were not part of the sale. An unnamed 1031 exchange buyer purchased the …

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CaliforniaDevelopmentNews

Sony Pictures, Alamo Drafthouse Cinema to Restore Hollywood’s Cinerama Dome

by Abby Cox

Los Angeles — Sony Pictures Entertainment (SPE) and Alamo Drafthouse Cinema have announced plans to reopen and restore Cinerama Dome, a historic move theater located on Sunset Boulevard in Hollywood. Opened in 1963, it is the world’s first all-concrete, geodesic dome that features an 86-foot curved screen. Following a six-year shutdown that began during the COVID pandemic, the Dome will undergo restorative renovations starting next month through early 2028. Alamo Drafthouse Cinema will operate the movie theater. As part of the deal, SPE will also reopen the adjacent 14-screen theater complex, …

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Newport-Center
FinanceNewsRhode Island

Lee & Associates Arranges $5 Million in Financing for Acquisition of Retail Center Near Providence, Rhode Island

by Abby Cox

Rumford, R.I. — Lee & Associates has arranged a $5 million permanent first mortgage loan for the acquisition of a 13,000-square-foot retail center located at 75 Newport Ave. in Rumford, approximately four miles east of Providence. Kempner Properties purchased the center for $8.5 million. The seller was Horvath & Tremblay. Dave Carswell and Ryan Fitzpatrick of Lee & Associates secured the non-recourse loan through First Tech Federal Credit Union. The loan features a 30-year amortization schedule. Situated on nearly two acres, the retail property features a mix of tenants such as …

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bluhawk
KansasLeasingMixed-useNews

PB Development Signs Eight Tenants for Phase II of Mixed-Use Development in Suburban Kansas City

by Abby Cox

Overland Park, Kan. — PB Development has signed eight new tenants for the second phase of Bluhawk, a mixed-use development located in the Kansas City suburb of Overland Park. Phase II of the project will include 160,000 square feet of retail, entertainment and dining space. The first two tenants, Spavia Day Spa and JETSET Pilates, are expected to open this fall. In addition, L.L.Bean, Chicken Salad Chick, Brookside Barkery & Bath, Amorino, Everbowl and Bruú Café are anticipated to debut in summer 2027. Current tenants at the property include J.Crew Factory, …

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Pep-Boys
FloridaInvestment salesNew YorkNews

Mavis Tire Agrees to Acquire Pep Boys from Icahn Enterprises for $700 Million

by Abby Cox

White Plains, N.Y. and Sunny Isles Beach, Fla. — Mavis Tire Express Services Corp. and Icahn Enterprises LP have entered into a definitive agreement under which a subsidiary of Mavis will acquire Pep Boys from Icahn Automotive Group LLC for approximately $700 million in cash. IEP will retain the owned real estate previously transferred to IEP from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care businesses. Formally named The Pep Boys-Manny, Moe & Jack Holding Corp., Pep Boys is an automotive service company offering tires, repairs, …

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uptown-cheapskate
DevelopmentNewsRetailersUtah

BaseCamp Franchising Opens 300th Store, Signs 45 New Agreements in 2026

by Abby Cox

Salt Lake City — BaseCamp Franchising, the parent company behind upscale thrift brands Uptown Cheapskate and Kid to Kid, has recently opened its 300th store in Weatherford, Texas. In addition to its 300th store, BaseCamp’s two concepts opened 16 stores across 10 states in the first half of 2026. BaseCamp has also signed more than 45 new franchise agreements so far in 2026 from a combination of existing franchisees expanding its portfolios and new franchisees opening their first stores. As part of that expansion, BaseCamp signed several multi-unit agreements with operators …

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Ritas-Richland-Hills
NewsPennsylvaniaRestaurants

Rita’s Italian Ice & Frozen Custard Plans to Double New Signings in 2026

by Abby Cox

Philadelphia — Rita’s Italian Ice & Frozen Custard is on track to double its 2026 new shop signings. Rita’s has experienced a 100 percent increase in franchise ownership inquiries compared with 2025. Driven by the brand’s real estate strategy, including second-generation restaurant conversions and drive-thru locations, the concept is expanding outside of its core Mid-Atlantic market to the Midwest and south-central United States. According to Rita’s, drive-thru shops generated 38 percent higher average gross sales in 2025 than comparable non-drive-thru locations. Founded in Bensalem, Pennsylvania, in 1984, Rita’s Italian Ice & …

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NevadaNewsRestaurants

Capriotti’s Marks 50th Anniversary Year with 30 New Development Deals

by Abby Cox

Las Vegas — Capriotti’s Sandwich Shop is celebrating its 50th anniversary year by opening 12 new restaurants and awarding development rights for 30 additional locations. The year’s development activity has introduced Capriotti’s into several new markets, including Lake County, Illinois; Killeen, Texas; Tempe, Arizona; Southern Utah; Charleston, South Carolina; and Fort Wayne, Indiana, further expanding the brand’s national footprint as it works toward its long-term goal of 750 restaurants by 2032. Founded in 1976, Capriotti’s Sandwich Shop is a fast-casual restaurant brand with more than 150 locations across the U.S.

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Commerce-Centre
Investment salesLouisianaNews

Marcus & Millichap Brokers Sale of 33,744-Square-Foot Multi-Tenant Retail Property in Metro Baton Rouge, Louisiana

by Abby Cox

Prairieville, La. — Marcus & Millichap has brokered the sale of Commerce Centre, a 33,744-square-foot multi-tenant retail property located in Prairieville, approximately 15miles southeast of downtown Baton Rouge. Situated on roughly four acres, the center was built in 2015 and features 15 retail suites. Commerce Centre was 72 percent occupied at the time of sale. Cole Voyles, Gus Lagos and Alex Wolansky of Marcus & Millichap marketed the property on behalf of the seller, a local owner, and procured the buyer, an East Coast-based investor. Steve Greer was Marcus & Millichap’s …

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Rosamond-Town-Center
DevelopmentNewsTexas

Big V Property Group, The Seitz Group Break Ground on Rosamond Town Center in Anna, Texas

by Abby Cox

Anna, Texas — Charlotte, North Carolina-based Big V Property Group and Texas-based The Seitz Group have broken ground on Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. Rosamond Town Center is a complementary development to Rosamond Crossing, a 175,300-square-foot, Kroger-anchored center that includes additional tenants such as Bank of America and McDonald’s. The overall complex will span approximately 750,000 square feet. Principal Asset Management is providing a combination of developer equity and financing for the project, while Citizens Bank is providing a construction loan.

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