Pittsburgh — A joint venture between Washington, D.C.-based Carderock and an unnamed partner has acquired Caste Village, a 221,284-square-foot neighborhood shopping center located in the Whitehall Borough of Pittsburgh. Grocer Giant Eagle anchors the property, which features a mix of additional tenants such as Banfield Pet Hospital, St. Clair Health, Fitness 19 and Princess Lanes Bowling Center. Carderock plans to renovate the shopping center with major upgrades including a revitalized Caste Commons gathering area, façade and systems improvements and re-tenanting spaces including a former Shell gas station and a recently vacated …
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Fairview Park, Ohio — Axiom Realty has purchased Fairview Centre, a 147,602-square-foot shopping center located in the western Cleveland suburb of Fairview Park. Originally built in 1952 and renovated in 1994, the property — which is 89 percent leased — is anchored by Giant Eagle. Additional tenants include Dollar Tree and Onyx Health Club, as well as 15 other service-based tenants. Michael Nieder and Brian Page of JLL’s Chicago office represented the seller in the transaction.
Atlanta — Atlanta-based cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open four new units across Kentucky and Tennessee, marking the brand’s second appearance in both states. Entrepreneur Matthew Robinson will own and operate the restaurants, which are dubbed “Cans.” Following recent multi-unit deals in Lexington, Kentucky, and Knoxville, Tennessee, Smalls Sliders’ newest locations will include Cans in Bowling Green, Kentucky, and three other locations throughout Clarksville and Henderson, Tennessee. The first of the four restaurants is anticipated to open next year. Founded in 2019, Smalls Sliders has …
Los Angeles — Los Angeles-based Prime Pizza, a rapidly expanding New York-style pizza restaurant, has signed leases for five new locations in Southern California. The locations are at Alicia Landing Shopping Center in Mission Viejo; Gaslight Square in Brea; Farmers & Merchants Bank Center in Torrance; and two freestanding locations, one in Thousand Oaks and another in Valley Village, California. Mark Seferian of RCI Brokerage represented Prime Pizza in the transactions, which ranged from 1,256 to 1,951 square feet. The Mission Viejo and Brea locations will open in the fourth …
Cumming, Ga. — Seven new tenants have signed leases to join FrostPoint Capital’s Coal Mountain Shops, a 19,805-square-foot shopping center undergoing redevelopment in Cumming, a north Atlanta suburb. Phase I of the redevelopment is now fully leased, with the new tenants including PNC Bank, Wingstop, barre3, Kumon, Smoothie King, The Bagel Hole and Shape Nails. Details of Phase II of the redevelopment project were not disclosed. Sam Krueger and Kaitlyn Schoerner of Franklin Street handled leasing efforts on behalf of FrostPoint Capital, which purchased the center in May.
Phoenix — Vestar has received approval from the Village Planning Committee to develop Laveen Towne Center, an open-air shopping center in Phoenix’s southwest submarket of Laveen. Set to break ground in summer 2026 with a grand opening targeted for winter 2027, Laveen Towne Center will feature 500,000 square feet of retail, dining and entertainment space across 90 acres. Vestar plans to preserve the character and charm of the area through the project’s design and programming. The development will reuse existing materials and features found onsite, including from the Hudson Farmhouse, …
Berkeley Capital Advisors Negotiates $39 Million Sale of Westport Village Shopping Center in Louisville
Louisville, Ky. — Berkeley Capital Advisors has negotiated the sale of Westport Village, a 170,249-square-foot shopping center located in Louisville. An affiliate of Richmond, Virginia-based Hackney Real Estate Partners purchased the center from an affiliate of Savannah, Georgia-based Wicker Park Capital Management for $39 million. David Webb, Alex Quarier and Alex McDonald of Berkeley Capital Advisors represented the seller in the transaction. Situated on 13.4 acres roughly 10 miles west of downtown, Westport Village houses 45 tenants, including Apricot Lane Boutique, Bend and Zen Hot Yoga, BoomBozz Pizza & Watch …
Marcus & Millichap Brokers $6.8 Million Sale of Village Square in Baton Rouge, Louisiana
Baton Rouge, La. — Marcus & Millichap has brokered the $6.8 million sale of Village Square, a 47,000-square-foot, three-building retail center near Louisiana State University (LSU) in Baton Rouge. Shadow-anchored by Walmart, Village Square features a mix of tenants including Coffee Call, Classy Nails, Teatery & Tapioca and Juicy Seafood, as well as Office Depot and Sally Beauty, which have operated at the site for more than 20 years. In May, Village Square’s Capital One and IHOP outparcels sold for $5.2 million. Zach Taylor and Eric Abbott of Marcus & Millichap’s Taylor …
Auburn, Ala. — Matthews Real Estate Investment Services has arranged the sale of Flint’s Crossing, a 97,668-square-foot neighborhood center situated three miles from Auburn University. HomeGoods and Michaels anchor the fully leased center. Other tenants include Panera Bread, The UPS Store, Subway, Cici’s Pizza, Plato’s Closet, Kumon and uBreakiFix. In addition to the 22,850-square-foot HomeGoods store, which operates at the property on a new 10-year lease, Flint’s Crossing has introduced roughly 15,115 square feet of new tenants since 2022. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the …
Watchung, N.J. — Levin Management Corp. (LMC) has arranged four new leases totaling more than 62,200 square feet at Blue Star Shopping Center, a 420,000-square-foot community shopping center located in the northern New Jersey community of Watchung. The leases include Burlington, Taco Bell, Nail Spa & Beyond and Marshalls. Marshalls will relocate to a 27,000-square-foot portion of a building formerly occupied by ShopRite, which is also being redeveloped to accommodate Burlington. Additionally, Taco Bell has opened a 2,900-square-foot restaurant, while Nail Spa & Beyond will operate a 5,800-square-foot salon. E.J. Moawad …