Matan Cos. Breaks Ground on 10,175-Square-Foot Retail Strip Center in Metro Washington, D.C.
Real estate developer Matan Cos. has broken ground on a 10,175‑square‑foot retail strip center at 715 Progress Way in Gaithersburg, Maryland, about 15 miles northwest of Washington, D.C. The project sits on a one‑acre parcel and is part of a larger commercial hub that already includes two 198,000‑square‑foot office and industrial buildings fully leased to tenants such as AstraZeneca, MCPS and Daikin. The new center joins nearby Chick‑fil‑A and Sheetz locations, creating a mixed‑use cluster. Matan is also offering three remaining pad sites covering four acres for further retail or commercial development.
Atlas Hill, Centennial Sign Four New Tenants and Expand Lululemon at Annapolis Mall
Atlas Hill RE and its partner Centennial have secured five new tenants for Annapolis Mall, a 1.6 million‑square‑foot super‑regional center in Maryland. Aéropostale will debut in June, POP MART in the fall, and Abercrombie & Fitch in November, while Miss A adds one of its...
Cushman & Wakefield Brokers $7.4 Million Sale of Retail Center in Metro Atlanta
Cushman & Wakefield brokered the $7.4 million sale of The Alstead Shops, an 11,200‑square‑foot retail center in Roswell, a northern Atlanta suburb. The property, delivered in 2024, was fully leased to a mix of healthcare, veterinary and restaurant tenants, including Wellstar...
Joint Venture Acquires 300,000-Square-Foot Retail District at $6 Billion Miami Mixed-Use Development
A joint venture of Falcone Group, ROK Acquisitions, Andre Mirmelli, The Davis Companies and Jamestown has taken control of a 300,000‑square‑foot retail, dining and entertainment district within Miami Worldcenter. The district, anchored by a flagship Apple store and a roster...
Town Lane, Gillon Property Group Purchase 460,000-Square-Foot Mixed-Use Development in Allen, Texas
New York‑based Town Lane and Dallas‑based Gillon Property Group have bought Watters Creek Village, a 460,000‑square‑foot mixed‑use development in Allen, Texas. The 46‑acre site, built in 2008, includes roughly 360,000 sq ft of retail and 100,000 sq ft of boutique office space anchored by...
JLL Negotiates $10.2 Million Sale of Washington Center in Metro Denver
JLL Capital Markets negotiated the sale of Washington Center, a 50,445‑square‑foot retail complex in Northglenn, Colorado, for $10.2 million to Lafayette Property Co. The center was 92 percent leased, hosting 19 tenants across 21 suites, with Walgreens acting as a shadow anchor....
BC Wood Properties Acquires Fairfield Shopping Center in Virginia Beach for $34.9 Million
Lexington‑based BC Wood Properties has completed the acquisition of the Fairfield Shopping Center in Virginia Beach. The 184,106‑square‑foot retail complex, anchored by Food Lion and T.J. Maxx, sold for $34.9 million. At the time of sale the center was 93 percent leased,...
Visintainer Group Negotiates $23.3 Million Sale of Shopping Center in Lodi, California
Visintainer Group has brokered a two‑part $23.3 million sale of Vintner’s Square, a 183,195‑square‑foot shopping center in Lodi, California. The front parcel with Panera Bread and F&M Bank sold for $8.3 million, while the larger rear portion fetched roughly $15 million. The combined...
JLL Secures $74.5 Million in Refinancing for Grocery-Anchored Shopping Center in Central Virginia
JLL Capital Markets arranged a $74.5 million, three‑year refinancing loan for the 267,294‑square‑foot Shops at Stonefield shopping center in Charlottesville, Virginia. The center, anchored by Trader Joe’s and featuring tenants such as L.L. Bean, lululemon, Sephora and a 14‑screen Regal Cinema, is 98 percent...
Carolina Commercial Invests $18 Million to Renovate Biggs Park Mall in Southeastern North Carolina
Carolina Commercial has launched an $18 million renovation of the 250,000‑square‑foot Biggs Park Mall in Lumberton, North Carolina. The project adds new anchors T.J. Maxx, Burlington and Five Below, while converting the former 40,000‑square‑foot JCPenney space for these tenants. Existing retailers such as Shoe Show,...
SimonCRE Purchases 28 Acres to Develop 316,000-Square-Foot Farmington Crossings Retail Center in Southeast Missouri
SimonCRE has acquired roughly 28 acres in Farmington, Missouri to build Farmington Crossings, a 316,064‑square‑foot open‑air retail center located about 75 miles southwest of St. Louis. The project will feature a 129,000‑square‑foot national big‑box retailer, a 55,000‑square‑foot Academy Sports store,...
Creation Completes Construction of $250 Million Park Algodon Mixed-Use Development in Phoenix
Creation has finished building the $250 million Park Algodon mixed‑use project in Phoenix, covering 86 acres with 1.3 million sq ft of Class A industrial space and a 7‑acre retail destination. The first industrial phase, developed with Clarion Partners, includes four buildings totaling 725,000 sq ft, while a second‑phase...
Ziff Real Estate Partners Acquires Charleston Shopping Center for $22.6 Million
Ziff Real Estate Partners (ZRP) has sold the West Ashley Shoppes shopping center in Charleston, South Carolina, to Continental Realty Corp. for approximately $22.6 million. The 136,327‑square‑foot property sits across from Citadel Mall and was 90 percent leased to anchors such as...
Marcus & Millichap Arranges $7 Million Sale of Bootheel Plaza in Kennett, Missouri
Marcus & Millichap facilitated the $7 million sale of Bootheel Plaza, a 126,193‑square‑foot shopping center in Kennett, Missouri. Built in 1973 on roughly 11.3 acres, the center hosts 23 retail suites anchored by Tractor Supply, with tenants including Bealls, Dollar Tree,...
Rappaport to Manage Reisterstown Shopping Center in Metro Baltimore
Rappaport, a McLean‑based real‑estate firm, has been hired to lease and manage the 160,000‑square‑foot Reisterstown Shopping Center north of Baltimore. The assignment includes overseeing $2 million in property upgrades. The center, built in 1964, is anchored by a 29,000‑sq‑ft Lidl and...
Marcus & Millichap Brokers $18.7 Million Sale of Sherwin-Williams Retail Portfolio in Three States
Marcus & Millichap facilitated the sale of an 11‑property Sherwin‑Williams retail portfolio for $18.7 million across Minnesota, North Dakota and South Dakota. The assets comprise roughly 55,590 rentable square feet and include locations such as Bemidji, Duluth, Bismarck and Sioux Falls. Prior to...
Hanley Investment Group Arranges $7 Million Sale of Victor Town Center in Victorville, California
Hanley Investment Group Real Estate Advisors facilitated the all‑cash sale of Victor Town Center in Victorville, California, for $7 million. The 47,650‑square‑foot retail complex houses three tenants: dd’s DISCOUNTS, a Department of Veterans Affairs outpatient clinic, and a 16‑stall Tesla Supercharger...
CIM Group Sells 177,434-Square-Foot Shopping Center in Dallas
CIM Group has sold Best Buy Plaza, a 177,434‑square‑foot shopping center in North Dallas, anchored by Best Buy and fully leased to national retailers such as Dick’s Sporting Goods and Total Wine. The property, built in 1995 on roughly 15 acres, was...
Prudent Growth Partners Sells River Pointe Commons in Metro Atlanta for $6 Million
Prudent Growth Partners has sold River Pointe Commons, a 22,665‑square‑foot neighborhood center in Dallas, Georgia, for $6 million. The property, located about 30 miles northwest of downtown Atlanta, was acquired by the firm in 2022 for $4.8 million and renovated in 2016....
Younger Partners Acquires 375,000-Square-Foot Retail Portfolio in Fort Worth, Texas
Younger Partners Investments has purchased the 375,000‑square‑foot Presidio Junction retail portfolio in Fort Worth, Texas. The three neighboring centers—Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge—are fully leased and shadow‑anchored by Target and Costco, with a tenant mix that...
Cronheim Arranges $33.3 Million in Financing for Grocery-Anchored Center in New City, New York
Cronheim has secured a $33.3 million three‑year bridge loan for New City Center, a 128,801‑square‑foot retail complex north of Manhattan. The loan, provided by Voya Investment Management, funds 75 percent of the development’s total cost and includes options for future capital improvements....
Lucern Capital Partners Acquires Marathea Plaza in Mooresville, North Carolina, for $6.3 Million
Red Bank‑based Lucern Capital Partners has purchased Marathea Plaza, a 33,600‑square‑foot retail center in Mooresville, North Carolina, for $6.3 million. The property, located on a 4.5‑acre parcel along Charlotte Highway, is anchored by service‑oriented tenants such as Papa John’s Pizza, Jackson...
PRCP Signs Leases with Four New Tenants at Bridgewater Commons in New Jersey
Pacific Retail Capital Partners (PRCP) has secured leases with four new tenants at Bridgewater Commons, a 1.2‑million‑square‑foot shopping center near New York City. Anthropologie opened a 9,577‑sq ft store in January and Popeyes launched a 644‑sq ft restaurant this month, while Rowan...
Partnership Acquires Victoria Gardens Open-Air Mall in Inland Empire for $530 Million, Plans Renovation
Southern California investors Redwood West and Panattoni, together with Prime Finance and Prism Places, bought the 1.2‑million‑square‑foot Victoria Gardens open‑air mall for $530 million from Brookfield Properties. The center was 98 percent occupied and attracts more than 14 million visitors annually, housing anchors...
IKEA to Open 10 New Stores in 2026
IKEA announced plans to open ten new U.S. stores in 2026, adding four locations that were just revealed and confirming six previously announced sites. The new stores include a city‑center format in Culver City, the brand’s first outlet in Oklahoma...
Greenstone Partners Brokers $19.5 Million Sale of Retail Center in Chicago
Greenstone Partners brokered the $19.5 million sale of a 54,000‑square‑foot retail center at 1415‑1417 N. Kingsbury St. in Chicago’s Clybourn Corridor. The buyer, a joint venture between Honore Properties and Peerless Development, acquired the fully leased asset from Westwood Financial, marking...
Hanley Investment Group Arranges $6.9 Million Sale of Two Single-Tenant Retail Properties in Southern California
Hanley Investment Group Real Estate Advisors arranged the $6.9 million sale of two single‑tenant retail pads in Murrieta, Southern California. The Quick Quack car‑wash occupies 4,126 sq ft on a 20‑year absolute triple‑net lease with 12% rent escalations every five years and 17 years...
Connell Co. Signs Leases with Five New Tenants at The Park Mixed-Use Development in Berkeley Heights, New Jersey
Connell Co. has secured leases with five new tenants—Four Spoons Ice Cream Co., Doner Shack, Café Exchange, Prime IV Hydration & Wellness, and Greatness Wins—for The District at The Park in Berkeley Heights, New Jersey. The District is a 60‑acre,...
Third & Urban Unveils Renovation Plans for Atkins Park Collection in Atlanta’s Virginia-Highland Neighborhood
Third & Urban announced renovation plans for the Atkins Park Collection, a 61,120‑sq‑ft retail portfolio in Atlanta’s Virginia‑Highland. The developer, which completed acquisition of both phases by September 2025, will invest over $3 million in building upgrades and streetscape improvements, beginning with...
SRS Negotiates $2.2 Million Sale of Single-Tenant Retail Property in Bryan, Texas
SRS Real Estate Partners negotiated the sale of a single‑tenant retail building in Bryan, Texas for $2.2 million. The 2,800‑square‑foot property is occupied by Murphy USA under a 20‑year, corporate‑guaranteed absolute triple‑net lease. The seller, Culpepper Realty, transferred the asset to a...
CBL Properties Acquires Gateway Mall in Lincoln, Nebraska for $43.5 Million
CBL Properties announced the acquisition of Gateway Mall in Lincoln, Nebraska for $43.5 million. The 843,000‑square‑foot regional center was more than 95 percent leased, featuring anchors such as Dillard’s, JCPenney, Dick’s Sporting Goods, Tesla and Ulta Beauty. Washington Prime Group sold the...
Cronheim Mortgage Arranges $13 Million in Financing for Kohl’s Plaza in Central New Jersey
Cronheim Mortgage arranged a $13 million permanent loan to finance Kohl’s Plaza, a 184,063‑square‑foot neighborhood center in Holmdel, New Jersey. The 10‑year loan, sourced from a life‑insurance company, carries a 30‑year amortization schedule and is held by National Realty & Development Corp....
Zuckerman Group Signs Two Tenants to Join Midtown at Bonita Mixed-Use Development in Southwest Florida
The Zuckerman Group has secured leases with national retailers T.J. Maxx and Ulta Beauty for Midtown at Bonita, a 68‑acre mixed‑use development in Bonita Springs, Florida. The project already has nearly 100,000 square feet of retail space committed, alongside a...
MCB Signs Costco to Anchor $2.8 Billion Viva White Oak Mixed-Use Development in Metro D.C.
MCB Real Estate has secured Costco as the anchor tenant for the $2.8 billion Viva White Oak mixed‑use project in Montgomery County, Maryland. The 280‑acre development will feature over 12 million square feet of space, including 5,000 residential units, retail, a hotel,...
Hanley Investment Group Arranges $3 Million Pre-Sale of Single-Tenant Retail Property in San Bernardino, California
Hanley Investment Group arranged a $3 million pre‑sale of a newly built single‑tenant retail property in San Bernardino, California, to be occupied by a 7‑Eleven commercial fueling lanes (CFL) prototype on a 15‑year triple‑net ground lease. The site combines high‑speed diesel...
Simon Property Group Signs Leases with Four New Tenants at Wrentham Village Premium Outlets in Massachusetts
Simon Property Group has secured leases with four new tenants—Big Chicken, Gong Cha, Fabletics and Gymboree—at its 616,000‑square‑foot Wrentham Village Premium Outlets near Boston. Big Chicken is already operating, while Gong Cha will open in late spring and both Fabletics...
Gantry Arranges $42.8 Million in Refinancing for Four Retail Properties Across Four States
Gantry arranged four permanent loans totaling $42.8 million to refinance a 480,000‑square‑foot retail portfolio spanning California, Illinois, Oregon and Wisconsin. The loans, secured through a single life‑company lender, carry fixed interest rates and 30‑year amortization schedules, with Gantry acting as servicer....
Manova Partners Sells 323,927-Square-Foot Nashville West Shopping Center
Manova Partners, a Munich‑based real‑estate firm, has sold the Nashville West Shopping Center, a 323,927‑square‑foot super‑regional retail complex near Vanderbilt University. The property, built between 2007 and 2008, sits at the I‑40 and Charlotte Pike intersection and comprises six single‑story...
Marx Realty Underway on 58,000-Square-Foot Retail Expansion at Cross County Center in Yonkers, New York
Marx Realty has broken ground on a 58,000‑square‑foot retail expansion at Cross County Center in Yonkers, New York. The project consists of two new buildings—14,000 sq ft on a single floor and 44,000 sq ft over two floors—plus a 4‑acre park and adjacent boardwalk...
Marcus & Millichap Negotiates $9.9 Million Sale of Retail Strip Center Near Washington, D.C.
Marcus & Millichap negotiated the sale of Andrews Park Town Center, a 13,417‑square‑foot retail strip center in Camp Springs, Maryland, for $9.9 million. The property, built in 2021 on 1.2 acres, was fully leased to three national tenants—Advance Auto Parts, Domino’s Pizza and Beyond Dental—at...
Hanley Investment Group Arranges $1.9 Million Sale of Ground Lease in Indianapolis
Hanley Investment Group Real Estate Advisors arranged the sale of a new single‑tenant ground lease for a McDonald’s restaurant at Southern Dunes Commons in Indianapolis for $1.9 million. The lease is a 20‑year absolute triple‑net agreement backed by McDonald’s corporate guarantee....
Hanley Investment Group Arranges $22.5 Million Sale of Lakeview Pointe Shopping Center Near Oklahoma City
Hanley Investment Group Real Estate Advisors arranged the $22.5 million sale of Lakeview Pointe Shopping Center, a 207,406‑square‑foot power center in Stillwater, Oklahoma. The property was 95 percent leased, anchored by Best Buy, Ross Dress for Less, Belk, Five Below and Petco, with additional tenants...
Huey Magoo’s Open 12 New Restaurants in Texas, Alabama
Huey Magoo’s signed a development agreement to launch 12 new restaurants—four in Birmingham, Alabama, and eight across North Dallas, Texas. The locations will be owned and operated by the Jha Rajput Patel group. Founded in 2004, Huey Magoo’s already runs...
The Return of Pacific Place
Los Angeles‑based BH Properties acquired Seattle’s Pacific Place in May 2024 and announced a full revitalization. The 335,000‑sq ft downtown mall, which had slipped to 45% occupancy under the previous owner, will receive interior upgrades, lease‑ready suites, and a four‑story LED...
Gen Z Is Shifting the Future of Retail
Generation Z is redefining retail by favoring in‑person experiences despite their digital upbringing. A recent Retail Dive survey shows 69 percent prefer brick‑and‑mortar stores, with three‑quarters visiting weekly, prompting brands to create hybrid, experience‑focused spaces. Architects like RDC are translating online identities...
Methodical Growth
Retail real estate in the Mid‑Atlantic remains healthy but is becoming increasingly selective as limited supply, zoning constraints, and rising construction costs tighten the market. Developers are focusing on mixed‑use, grocery‑anchored projects such as Richmond’s $2.4 billion Diamond District and the...
