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Merchants-Walk
GeorgiaGrocery-anchoredInvestment salesNews

Sterling Organization Acquires Whole Foods-Anchored Shopping Center in Metro Atlanta for $93.2 Million

by Abby Cox

Marietta, Ga. — Sterling Organization has acquired Merchants Walk, a 271,992-square-foot shopping center located in Marietta, roughly 20 miles northwest of downtown Atlanta, for $93.2 million. The investment was made on behalf of Sterling’s $600 million equity institutional value-add fund, Sterling Value Add Partners IV. Whole Foods Market anchors Merchants Walk, which was 90 percent leased at the time of sale. Additional tenants include Marshalls, PetSmart, Old Navy, DSW, Ulta Beauty, Office Depot and Georgia Theater Company Cinemas. EDENS, an owner, developer and operator of open-air retail and mixed-use properties, was …

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Grocery-anchoredInvestment salesNewsWashington

Kiemle Hagood Brokers $32 Million Sale of Multi-Tenant Retail Property in Spokane, Washington

by Abby Cox

Spokane, Wash. — Spokane-based Kiemle Hagood has negotiated the $32 million sale of 5 Mile Shopping Center, a 163,000-square-foot, multi-tenant retail center in north Spokane. Romax 5 Mile LLC purchased the grocery-anchored property from 5-Mile Investment Company I LLC. Situated on 14.2 acres at 1812 W. Francis, the property features a mix of tenants including Rosauers, Starbucks Coffee, Chipotle Mexican Grill, Taco Bell, Washington Trust Bank, Mister Car Wash, GNC and Edward Jones. Casey Brazil and Richard Fox of Kiemle Hagood represented the seller, while Colin Conway and Steve McIntosh of …

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Laynes-Night
DevelopmentNewsRestaurantsTexas

Layne’s Chicken Fingers Signs 24 Franchise Agreements, Reaches 50 Units Open

by Abby Cox

Frisco, Texas — Layne’s Chicken Fingers has expanded its footprint to more than 50 operating restaurants and has signed two dozen franchise agreements. In the second quarter of this year, Layne’s celebrated its 50-restaurant milestone in its home state while also laying the groundwork for its California debut with a new 12-unit deal in partnership with tenured IHOP operators. Taylor Thomas, a multi-unit Layne’s and Whataburger franchisee, executed three restaurant openings in 60 days and signed a new agreement to develop 30 Layne’s locations across Oklahoma. Founded in 1994 in College …

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Publix_Plaza-Normandy_Jacksonville
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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