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Quarry-Square
Investment salesMassachusettsNews

Atlantic Capital Partners Negotiates $10 Million Sale of Quarry Square in Metro Boston

by Abby Cox

Milford, Mass. — Atlantic Capital Partners has negotiated the $10 million sale of Quarry Square, a 56,004-square-foot neighborhood center located in Milford, roughly 30 miles southwest of Boston. The property was fully leased at the time of sale to 17 tenants including The Gym @ Milford, TD Bank, The UPS Store, Sports Clips and Miracle-Ear. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller, RJ Kelly Co., in the transaction. NAI Glickman Kovago & Jacobs represented the buyer, KBG Realty Properties LLC.

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university-shopping-center
CaliforniaGrocery-anchoredInvestment salesNews

Sigmund Cos., Shoreline Street Partners Acquire Grocery-Anchored Center in Metro Los Angeles for $17.6 Million

by Abby Cox

Thousand Oaks, Calif. — The Sigmund Cos. (TSC), in partnership with Shoreline Street Partners, has acquired University Shopping Center, a 37,992-square-foot retail property located in Thousand Oaks, roughly 38 miles west of Los Angeles, for $17.6 million. Trader Joe’s anchors the property, which features a mix of additional tenants such as Fresh Donuts, 3Tails Dog Salon, PJ’s Pub, Allegro Pizza, Imperial Garden Chinese Restaurant and Launderland, among others. University Shopping Center was 83 percent leased at the time of sale. The property was acquired in two separate transactions. The first …

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DevelopmentNewsTennessee

GBT Realty to Develop 300,000-Square-Foot Retail Center in Metro Nashville, Tennessee

by Abby Cox

Gallatin, Tenn. — GBT Realty Corp. has announced plans to develop The Crossroads of Gallatin, a 300,000-square-foot shopping center located in Gallatin, approximately 30 miles northeast of Nashville. Current development plans include roughly 30,000 square feet of divisible shop space, multiple large format retail spaces ranging up to 55,000 square feet and six outparcels. The Brentwood, Tennessee-based developer is currently in discussion with multiple dining, retail, health and fitness and service-based retailers and restaurants. Upon full build-out, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville MSA …

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LeasingMississippiNews

Three Retailers to Open at The Outlets of Mississippi in Metro Jackson

by Abby Cox

Pearl, Miss. — Three retailers are opening stores at The Outlets of Mississippi, a 325,000-square-foot open-air center located in Pearl, roughly five miles outside of Jackson. Seasonal pop-up retail chain Spirit Halloween recently opened a 7,556-square-foot store at the center. Toys “R” Us will open a 4,645-square-foot store this month and Clarks will open a 3,000-square-foot location in the fourth quarter of this year. The new leases are part of an ongoing revitalization of the center that has welcomed other national and regional brands including Ulta Beauty, Southern Marsh, Bath & …

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Uptown-Landing
DevelopmentFloridaMixed-useNews

University of South Florida, Partners Break Ground on $500 Million Mixed-Use Project in Tampa

by Abby Cox

Tampa, Fla. — The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project situated within walking distance of the planned USF on-campus football stadium.  The first phase of the project comprises 30 acres and will include 717 beds of student housing; 152 apartments reserved for graduate students and USF employees; four to six restaurant venues; 68,000 square feet of retail space; a hotel and conference center and academic research facilities.  Delivered through a master development …

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Kimco-JV-Retail-Portfolio
ArizonaCaliforniaFinanceGeorgiaGrocery-anchoredNews

JLL Arranges $154.1 Million Financing for Six-Property Retail Portfolio Spanning Three States

by Abby Cox

California — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, and Vail Ranch Plaza and Redhawk Towne Center in Temecula, California; North Decatur Station in Decatur, Georgia; and The Summit at …

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park-bench-opening
DevelopmentEntertainmentGeorgiaMixed-useNews

Park Bench to Open Music Venue at $5 Billion Centennial Yards Development in Atlanta

by Abby Cox

Atlanta — Live music and dueling piano bar Park Bench will open a new venue at Centennial Yards, a $5 billion mixed-use development underway in downtown Atlanta. The new location will be situated within the development’s 7.5-acre “Entertainment District,” which includes a 5,300-seat Live Nation venue, an interactive Cosm attraction that opened this summer and a Virgin Hotel. Park Bench’s newest location will sit between and adjacent to Mercedes-Benz Stadium and State Farm Arena. CIM Group and its affiliate firm Centennial Yards Co. are the master developers behind the project, which is transforming a 50-acre site …

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DevelopmentMichiganNebraskaNews

The Learning Experience to Open 12 New Locations Totaling 120,000 Square Feet in Michigan, Nebraska

by Abby Cox

Deerfield Beach, Fla. — Deerfield Beach-based The Learning Experience is set to open 12 new locations over the next three years totaling 120,000 square feet in Michigan and Nebraska. Each center will include up to 10,000 square feet of indoor building space and a 5,000-square-foot playground. Eight locations are planned for Michigan, with six in the Detroit area and two in Grand Rapids. The other four are planned for Nebraska, evenly split between the Lincoln and Omaha metro areas. The Learning Experience is owned by private equity group Harvest Partners …

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DevelopmentFloridaGrocery-anchoredNews

Walmart to Anchor 40-Acre Retail Development in Metro Orlando

by Abby Cox

St. Cloud, Fla. — Walmart plans to anchor a new 40-acre retail development underway in St. Cloud, situated roughly 26 miles southeast of Orlando. The property will include a 187,000-square-foot Walmart Supercenter, a Walmart convenience store and gas station and seven to 10 outparcels. The master developer of the project is The Ferber Co. The Ponte Vedra, Florida-based company is currently underway on site work and underground utility installation at the site. First tenants are expected to open by early 2028. The project team includes Hanson, Walter and Associates Inc., Traffic …

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Scott Ellsworth Phoenix SRS Retail Real Estate Services
ArizonaCaliforniaContent PartnersDevelopmentFeaturesFinanceIndustry ContentLeasing

Retail Activity in Western States Focused on High-Growth Submarkets

by Sarah Daniels

Western U.S. retail markets continue to witness flourishing leasing and investment activity. As in other parts of the country, the primary challenge for retailers and investors alike is finding supply to meet the demand, say SRS Real Estate Partners experts Scott Ellsworth and Gary Chou. In Arizona, Taiwan Semiconductor Manufacturing Company’s $265 billion investment to build six fabrication plants along with packaging and research and development facilities in the Phoenix market is driving economic activity and contributing to population growth. It also has effectively added a sixth “c” – chips …

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