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Woodbury Common Premium Outlets
DevelopmentNew YorkNews

Simon Underway on Expansion at Woodbury Common Premium Outlets in New York

by Hayden Spiess

Woodbury, N.Y. — Simon is underway on an expansion project at Woodbury Common Premium Outlets in Woodbury. A VIP suite with private dressing rooms, a lounge and a private kitchen is scheduled to open later this year. The multimillion-dollar suite will host private events and offer personalized service and customer experiences. Plans at the property, which features 250 tenants, also include 155,000 square feet of new retail and restaurant space, as well as a 200-room hotel, second parking facility and upgraded amenities. Amenities will include a new children’s play area, improved …

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Thornton-Town-Center-Thornton-CO
ColoradoFaris Lee InvestmentsInvestment salesNews

Faris Lee Brokers $14.4M Sale of Thornton Town Center in Metro Denver

by Hayden Spiess

Thornton, Colo. — Faris Lee Investments has brokered the sale of Thornton Town Center, a 265,181-square-foot retail center located in Thornton, a suburb north of Denver. A Southern California-based private investor sold the property to a Southern California-based value-add investor for $14.4 million. Don MacLellan of Faris Lee Investments represented the seller and procured the buyer in the deal.

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Grocery-anchoredInvestment salesNewsTennessee

PEBB, Sembler Co. Sell Portion of Westview Plaza in Tennessee for $5.6 Million

by Hayden Spiess

Lebanon, Tenn. — A joint venture between PEBB Enterprises and The Sembler Co. has sold a property located within Westview Plaza in Lebanon for $5.6 million. Tenants at the 22,000-square-foot portion of the retail center include China Wok, Mysa Nails & Spa, T-Mobile and Petco. Berkeley Capital Advisors represented the joint venture in the sale. Compass Real Estate represented the buyers, Westview Investment and AMB Investment. Other tenants at Westview Plaza, which comprises 18 acres, include Subway, GNC, Great Clips, Bank of America and Kroger. 

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Company newsNew JerseyNew YorkNews

Foot Locker Introduces New Store Format

by Hayden Spiess

New York City — New York City-based footwear retailer Foot Locker has introduced a new store format, debuting the design at its location within Willowbrook Mall in Wayne, New Jersey. Features of the new format include a more streamlined store layout, dedicated sections for new product releases, enhanced presentation, a communal try-on are, omnichannel technology and a “sneaker hub” with lacing customization and expanded ordering options. Foot Locker plans to open additional stores with this design throughout 2024, including at the retailer’s flagship location in New York City. Additionally, the brand …

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KCCurrentDistrict
DevelopmentMissouriMixed-useNews

Kansas City Current Plans $800 Million Riverfront Mixed-Use Development

by Hayden Spiess

Kansas City, Mo. — The Kansas City Current, a professional women’s soccer team famously part-owned by Brittany Mahomes, has unveiled plans for an $800 million mixed-use project on the Missouri riverfront in downtown Kansas City. The development follows completion of CPKC Stadium, a women’s soccer stadium that seats 11,500 people, in March. According to the project team, the $120 million venue is the first soccer stadium to be designed and built exclusively for women. Partners for the mixed-use project include Palmer Square Capital Management, Marquee Development and the Port Authority of …

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Tom-Thumb_Sunnyvale-Texas
DevelopmentGrocery-anchoredLeasingNewsTexas

Tom Thumb to Open Store Within $120 Million Gateway Park Development in Texas

by Hayden Spiess

Sunnyvale, Texas — Tom Thumb will open a store in Sunnyvale, marking the “first major grocery store” in the area, according to the Town of Sunnyvale. Scheduled to open in late 2025, the grocer will join Gateway Park, a $124 million development that spans 240,000 square feet and features additional retail and restaurant space, as well as athletic facilities. The Sunnyvale Town Council has approved a $3 million economic incentive for the store’s development. 

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Grocery-anchoredIllinoisLeasingNews

Whole Foods Signs 7,000-Square-Foot Lease Expansion at River Forest Town Center in Metro Chicago

by Hayden Spiess

River Forest, Ill. — Whole Foods Market has signed a long-term lease renewal and expansion at River Forest Town Center in River Forest, approximately 11 miles outside downtown Chicago. In addition to implementing a full remodel, Whole Foods will take over a 7,000-square-foot space formerly occupied by Rally House. Dick Spinell of Mid-America Asset Management and Scott Stefanik of Midwest Commercial Realty arranged the lease. This year marks the 30-year anniversary of Whole Food’s opening at the property. 

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CaliforniaLeasingNews

Bella Boutique Signs 1,500-Square-Foot Lease at East Washington Place in Metro San Francisco

by Hayden Spiess

Petaluma, Calif. — Clothing, jewelry, home décor and gift boutique Bella has signed a 1,500-square-foot lease at East Washington Place, a shopping center located in Petaluma, roughly 40 miles outside San Francisco. Other tenants at the property — which totals 343,000 square feet — include Dick’s Sporting Goods, Chipotle Mexican Grill, HomeGoods, Ulta Beauty, Target, T.J. Maxx and BevMo!

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Kroger_Banks-Crossing_Fayetteville
Company newsIdahoInvestment salesNewsOhio

Kroger, Albertsons to Sell 166 Additional Stores in $2.9 Billion Divestiture Agreement Ahead of Proposed Merger 

by Hayden Spiess

Cincinnati — Cincinnati-based The Kroger Co. and Boise, Idaho-based Albertsons Cos. Inc. have announced plans to sell an additional 166 grocery stores to C&S Wholesale Grocers in a divestiture package. This marks an amendment to an existing agreement with the buyer, which will now acquire a total 579 stores in a $2.9 billion deal. The original divestiture package was announced in September of last year, in connection with a proposed merger between Kroger and Albertsons.  In February, the Federal Trade Commission (FTC) sued to block Kroger’s $24.6 billion acquisition of Albertsons …

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70-74-NE-40th-Street_Miami
FloridaInvestment salesNews

ASG Equities Sells Retail Property in Miami’s Design District for $14 Million

by Hayden Spiess

Miami — ASG Equities has sold a 4,500-square-foot retail building located Miami’s Design District for $14 million. Dacra acquired the property, which was fully leased to luxury brands Ksubi and Orlean at the time of sale. This marks the final transaction for a three-property portfolio sold by ASG in recent months. The company is actively developing a 500,000-square-foot mixed-use development nearby, Parterre 42, with co-developer Helm Equities.

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