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miracle-mile
Investment salesNewsPennsylvania

Frontier Realty Group Acquires 302,000-Square-Foot Shopping Center in Metro Pittsburgh for $75 Million

by Abby Cox

Monroeville, Pa. — Frontier Realty Group, a newly launched joint venture between Wharton Realty Group and KSR Capital, has acquired Miracle Mile Shopping Center, a 302,000-square-foot retail property located in Monroeville, roughly 20 miles east of Pittsburgh. Spanning 27.5 acres, Miracle Mile was fully leased at the time of sale to a mix of tenants including Marshalls, Ulta Beauty, Old Navy, Chick-fil-A, Panera Bread and DSW. Daniel Massry, Marc Sitt, Robbie Millman, Isaac Massry, Morris Sabbagh and Abraham Kassin of Frontier Realty Group internally represented themselves. Colin Behr, Christopher Munley, Ryan …

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Uptown McComb Shopping Center
Investment salesMississippiNews

Franklin Street Brokers $14.8 Million Sale of 342,000-Square-Foot Shopping Center in McComb, Mississippi

by Abby Cox

McComb, Miss. — Franklin Street has brokered the $14.8 million sale of Uptown McComb Shopping Center, a 342,000-square-foot retail property located in McComb. Built in 1987 and renovated in 2023 and 2024, Uptown McComb was 96 percent leased at the time of sale to tenants including Hobby Lobby, Aldi, Bealls, Planet Fitness, Five Below and Ross Dress for Less. Bryan Belk and John Tennant of Franklin Street represented the seller, Rockstep Capital, in the transaction. Coastal Equities was the buyer.

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Lumberjack-Square
CaliforniaInvestment salesNews

SRS Real Estate Arranges $11.7 Million Sale of Lumberjack Square in Bakersfield, California

by Abby Cox

Bakersfield, Calif. — SRS Real Estate Partners has arranged the $11.7 million sale of Lumberjack Square, an 85,031-square-foot shopping center located in Bakersfield. Body Xchange, a fitness and health club, anchors the property, which features a mix of additional tenants including DaVita and The Firehouse. Matthew Mousavi and Patrick Luther of SRS represented the seller, a California-based partnership. The buyer, also a California-based partnership, acquired the property with new financing.

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Evergreen-Development
ArizonaDevelopmentMixed-useNews

Evergreen Development Acquires 11.7 Acres in Mesa, Arizona, Plans Mixed-Use Project

by Abby Cox

Mesa, Ariz. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that features multifamily housing and a new retail center. The retail portion of the site is planned to comprise an approximately 8,500-square-foot multi-tenant retail building for restaurant and retail uses, as well as a 2,360-square-foot free-standing Chipotle with a drive thru. The multifamily portion will include 261 apartments across nine three-story buildings. Evergreen plans to break ground on the project in the first quarter of 2027, with lease-up beginning in the …

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Bloomingdale-Plaza
Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Arranges $11.5 Million Sale of Grocery-Anchored Retail Strip Center in Metro Chicago

by Abby Cox

Glendale Heights, Ill. — Marcus & Millichap has arranged the $11.5 million sale of Bloomingdale Plaza, a 46,353-square-foot retail strip center located in Glendale Heights, approximately 23 miles west of downtown Chicago. Aldi anchors the 15-suite property, which was fully leased at the time of sale. Additional tenants include Boost Mobile and Glendale Medical, both of which have occupied the center for more than 17 years. The property also features a two-tenant outparcel anchored by Starbucks. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf …

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eric-lane-shopping-center
Investment salesNewsNorth Carolina

10 Federal Acquires 219,850-Square-Foot Shopping Center in Burlington, North Carolina

by Abby Cox

Burlington, N.C. — 10 Federal, a data-driven commercial real estate firm and private equity investment manager, has acquired Eric Lane Shopping Center, a 219,850-square-foot retail property located in Burlington, roughly 22 miles east of Greensboro. This acquisition marks the company’s entry into the retail sector. Situated on 25 acres, Eric Lane Shopping Center features a mix of tenants including Northern Tool + Equipment, Carolina Bridal World, Grace Chapel and Colfax Furniture, among others.

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Sheetz
Investment salesNewsOhio

CBRE Brokers $3.4 Million Sale of Convenience Store in Metro Columbus, Ohio

by Abby Cox

Gahanna, Ohio — CBRE has brokered the $3.4 million sale of a newly constructed, freestanding convenience store located in Gahanna, a northwest suburb of Columbus. Sheetz occupies the building on a 15-year triple-net ground lease. Karly Iacono of CBRE represented the all-cash buyer in the transaction. Stephanie Beaumier of Casto represented the seller, an entity doing business as CP Crescent, LLC.

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Saladworks-Bradenton-FL
DevelopmentFloridaNewsRestaurants

WOWorks Opens 23 New Restaurants, Plans 15 More By End of Year

by Abby Cox

St. Petersburg, Fla. — WOWorks has opened 23 new restaurants so far this year, with 15 additional locations currently in development. This brings WOWorks’ total footprint to nearly 240 restaurants nationwide and puts the company on pace for nearly 40 new stores by year’s end. WOWorks is the parent company of brands such as Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh, The Simple Greek, Barberitos and Zoup! Eatery. New restaurants have launched across the Midwest, Mid-Atlantic and Southeast — including Ohio, Missouri, Pennsylvania, New Jersey, Florida, Alabama, Virginia, Georgia and Texas — …

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Sprouts-HQ-Phoenix-AZ
ArizonaDevelopmentGrocery-anchoredMixed-useNews

Trammell Crow Co. Completes 181,000-Square-Foot Mixed-Use Project in Phoenix

by Abby Cox

Phoenix — Trammell Crow Co. has completed the development of an 8-acre, 181,000-square-foot mixed-used development in Phoenix. Project partners include U.S. Realty Advisors, RSP Architects, Wespac Construction, Keyser and JLL. The development features a 145,000-square-foot office building serving as Sprouts Farmers Market’s corporate headquarters, a 25,000-square-foot flagship Sprouts grocery store and approximately 11,000 square feet of retail space. The grocery store opened to the public on July 24, and the headquarters office building is complete and ready for occupancy. Located within the CityNorth development near 56th Street and Loop 101, the …

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Parkside-Shops_Sandy-Springs
FinanceGeorgiaGrocery-anchoredNews

Cushman & Wakefield Arranges $72 Million in Financing for Two Shopping Centers in Metro Atlanta

by Abby Cox

Sandy Springs, Ga. — Cushman & Wakefield has arranged a $72 million loan on behalf of Jamestown for the refinancing of two adjacent retail centers located in the Atlanta suburb of Sandy Springs. Totaling more than 340,000 square feet, the properties include Parkside Shops (158,400 square feet) and Hammond Exchange (176,000 square feet). A 49,506-square-foot Whole Foods Market anchors the centers, which share a footprint of about 25 acres. Additional tenants include Marshalls, HomeGoods, Petco and The Springs Cinema & Taphouse. John Alascio, Alex Hernandez, Alex Lapidus, Mitch Rothstein, Nick Scibelli …

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