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Empire-Crossing
IllinoisInvestment salesNews

JLL Negotiates $28.4 Million Sale of Empire Crossing Shopping Center in Bloomington, Illinois

by Abby Cox

Bloomington, Ill. — JLL Capital Markets has negotiated the $28.4 million sale of Empire Crossing, a 229,971-square-foot retail power center in Bloomington. Anchor tenants include Dick’s Sporting Goods, HomeGoods, Ashley Furniture HomeStore and DSW. The seller, BET Investments, completed a redevelopment that converted the long-vacant Kmart anchor store into multi-tenant space. Currently 85 percent occupied, the property offers value-add potential through 33,000 square feet of vacancy across eight suites. Michael Nieder and Brian Page of JLL represented the seller. Chase Properties was the buyer.

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McDonalds_Indianapolis
IndianaInvestment salesNews

Hanley Investment Group Arranges $1.9 Million Sale of Ground Lease in Indianapolis

by Abby Cox

Indianapolis — Hanley Investment Group Real Estate Advisors has arranged the $1.9 million sale of a new, single-tenant ground lease at Southern Dunes Commons at Wellingshire, a nearly 19-acre mixed-use center under construction in Indianapolis. McDonald’s occupies the 3,780-square-foot building on a corporate-guaranteed, 20-year absolute triple-net ground lease. Dylan Mallory of Hanley, in association with ParaSell, Inc., represented the sellers, Wellingshire Partners LLC and Midland Atlantic Properties. Mehdi Star of Net Lease Exchange represented the buyer in the transaction. Southern Dunes Commons is approved for up to six restaurant and retail …

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FloridaLeasingMixed-useNews

Mill Creek Residential Signs Leases with Eight New Tenants at Modera Coral Springs in Florida

by Abby Cox

Coral Springs, Fla. — Mill Creek Residential has signed leases with eight new retail and restaurant tenants at Modera Coral Springs, a mixed-use community located in Coral Springs, a city in South Florida’s Broward County. Big Whiskey, Farmhouse Kitchen, Let’s Chill Homemade Ice Cream, Copenhagen Corner Wine Bar, Mitch’s Downtown Bagel Café, Paris Baguette, Coral Springs Museum of Art and TREMBLE Pilates Studio will join the development this year. Roughly 85 percent of the retail space is now leased. Modera Coral Springs features 32,589 square feet of ground-floor retail space and …

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Lakeview-Pointe
Investment salesNewsOklahoma

Hanley Investment Group Arranges $22.5 Million Sale of Lakeview Pointe Shopping Center Near Oklahoma City

by Abby Cox

Stillwater, Okla. — Hanley Investment Group Real Estate Advisors has arranged the $22.5 million sale of Lakeview Pointe Shopping Center, a 207,406-square-foot power center located in Stillwater, approximately two miles north of Oklahoma State University. Best Buy, Ross Dress for Less, Belk, Five Below and Petco anchor the center, which was 95 percent leased at the time of sale. Additional tenants include IBC Bank, Olive Garden, Texas Roadhouse, Lowe’s Home Improvement, Panda Express and Rack Room Shoes. Roughly 78 percent of Lakeview Pointe’s tenants have operated at the site for more …

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The 25,008-square-foot retail center in Rancho Cucamonga, California, is fully occupied by 14 tenants.
CaliforniaFinanceInvestment salesNews

PSRS Negotiates $9.4 Million in Refinancing for Retail Center in Rancho Cucamonga, California

by Abby Cox

Rancho Cucamonga, Calif. — PSRS has negotiated a $9.4 million loan for the refinancing of a 25,008-square-foot neighborhood center in Rancho Cucamonga. Constructed in 2004, the retail property is fully occupied by 14 tenants. Jonny Soleimani, George Gianoukakis and Garrett Carter of PSRS secured the non-recourse loan, which features a five-year term and a 27-year amortization schedule, through one of its correspondent life insurance companies.

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Chicken Salad Chick
DevelopmentNevadaNewsRestaurants

Chicken Salad Chick Signs Six-Unit Franchise in Nevada

by Abby Cox

Nevada — Chicken Salad Chick has signed a franchise agreement to open six new restaurants in Southern Nevada, marking the brand’s first entry into the state. Husband and wife Mark and Cayla Rubalcaba will own and operate the restaurants, while Anton Nikodemus will serve as a strategic partner in the development efforts. In addition to Nevada, Chicken Salad Chick has recently opened its development pipeline to other states such as New Jersey, New York, Utah and Arizona.     In 2025, Chicken Salad Chick signed nearly 100 restaurant deals, with 42 openings …

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AlabamaDevelopmentNewsRestaurantsTexas

Huey Magoo’s Open 12 New Restaurants in Texas, Alabama

by Abby Cox

Texas and Birmingham, Ala. — Huey Magoo’s has signed a development agreement to open 12 new restaurants in Texas and Alabama. The deal includes four locations in Birmingham and eight across North Dallas. The Jha Rajput Patel group will own and operate the restaurants. Founded in 2004, Huey Magoo’s has more than 85 locations across 12 states and is on track to reach 100 locations in 2026.

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mikes-red-tacos
CaliforniaDevelopmentNewsRestaurants

Mike’s Red Tacos Plans to Open More Than 200 Locations Nationwide

by Abby Cox

San Diego — San Diego-based Mike’s Red Tacos is planning to open more than 200 new locations across the country. A team of restaurant industry leaders, along with the original Mike’s Red Tacos founder Mike Touma, have secured development agreements with franchisees from Dave’s Hot Chicken, Jersey Mike’s, Blaze Pizza, Dunkin’, Little Caesars, Carl’s Jr. and Wetzel’s Pretzels. Company president and restaurant industry executive Vincent Montanelli is leading the expansion, while Bill Phelps and Andrew Feghali will support the concepts as early-stage investors and advisors. The 200-plus locations now in …

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FinanceNew YorkNews

Pyramid Management Receives Financing to Maintain Ownership of Walden Galleria Mall in Buffalo, New York

by Abby Cox

Buffalo, N.Y. — Syracuse, New York-based Pyramid Management Group has received financing for Walden Galleria Mall, a 1.6 million-square-foot shopping center located in the Buffalo suburb of Cheektowaga. The new five-year loan, which replaces the property’s existing debt, was put in place in partnerships with lenders that include global asset manager Cross Ocean Partners and impact investment firm Second Horizon Capital. UBS served as financial advisor on behalf of Pyramid. In 2025, Pyramid defaulted on a roughly $220 million loan for the mall, in which Wells Fargo Bank filed a …

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whistle-stop-square
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of Whistle Stop Square Near Rockingham, North Carolina

by Abby Cox

Hamlet, N.C. — Legacy Realty Group Advisors has arranged the sale of Whistle Stop Square, a 40,120-square-foot, grocery-anchored shopping center located in Hamlet, roughly six miles southeast of the Rockingham. Tenants at the center include Food Lion, Mr. Furniture Outlet, K&D Nails, King Gourmet and Mo’s Tobacco & Vapor, according to Showcase. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented the buyer, while David Zipparo of Avison Young represented the seller in the off-market transaction.

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