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Legends at Sparks Marina
Investment salesMixed-useNevadaNews

Alturas Capital Acquires 421,000-Square-Foot Lifestyle Component of Legends at Sparks Marina in Nevada

by Abby Cox

Sparks, Nev. — Idaho-based Alturas Capital Partners (ACP) has acquired the 421,000-square-foot lifestyle component of Legends at Sparks Marina, a 1.2 million-square-foot mixed-use project located in Sparks, approximately four miles east of downtown Reno. The property was purchased for more than $100 million, as reported by the Reno Gazette Journal. Legends at Sparks Marina, which was 97 percent leased at the time of sale, features a mix of more than 65 national and regional tenants including H&M, Nike, Sephora, Five Below, Yard House, Galaxy Theatres, Burlington and Cavender’s. Alongside the retail …

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Promenade
FloridaInvestment salesNews

SRS Real Estate Brokers $7.9 Million Sale of Retail Strip Center in Metro Tampa, Florida

by Abby Cox

Wesley Chapel, Fla. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa. Built in 2025, the 9,222-square-foot property was fully leased at the time of sale to Heartland Dental, GoodVets and Ann’s Salon & Spa. William Wamble, Patrick Nutt and Connor Barton of SRS represented the seller, a Florida-based developer and investor. The all-cash buyer was a Florida-based investor.

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Cornerstone-Plaza
FinanceNewsTexas

JLL Secures Financing for 51,664-Square-Foot Metro Fort Worth Shopping Center

by Abby Cox

Southlake, Texas — JLL Capital Markets has secured financing for Cornerstone Plaza, a 51,664-square-foot retail center located in Southlake, a northern suburb of Fort Worth. John Rose, Kristi Leonard and Chad Lisbeth of JLL represented the borrower, Brownlee Waggoner Holdings, in the transaction. Hillcrest Bank provided the loan. Built in 2002, Cornerstone Plaza comprises two buildings and is situated on nearly six acres. The property is currently fully leased to eight tenants including Cook Children’s Medical Center, Activate Games, Cristina’s Fine Mexican Restaurant and Smoothie King, as well as several service-oriented …

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shoppes-at-sawdust
Investment salesNewsTexas

Palo Duro Negotiates Sale of The Shoppes at Sawdust in The Woodlands, Texas

by Abby Cox

The Woodlands, Texas — Houston-based Palo Duro Commercial Partners has negotiated the sale of The Shoppes at Sawdust, a 13,500-square-foot retail center located in The Woodlands, roughly 30 miles north of Houston. The property, which was fully leased at the time of sale, features a mix of tenants including 5Point Credit Union, Little Caesar’s, Cloud 9 Dental and Jimmy John’s. Walmart shadow anchors the center. Stephen J. Pheigaru and Chris Reul of Palo Duro represented the seller, an entity doing business as Sawdust Retail LP, in the transaction. The buyer …

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India-Bazaar-Plaza
Grocery-anchoredInvestment salesNewsTexas

Marcus & Millichap Arranges Sale of 13,079-Square-Foot Retail Property in Metro Dallas

by Abby Cox

Little Elm, Texas — Marcus & Millichap has arranged the sale of India Bazaar Plaza, a 13,079-square-foot retail property located in Little Elm, approximately 33 miles north of downtown Dallas. Built in 2018, the retail center is fully leased to South Asian grocery operator India Bazaar, and Shahnaz Salon & Threading, under triple-net leases. Scott Abeel and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors.

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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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