Retail commercial real estate news and analysis.
North Carolina-based Prudent Growth Partners has expanded its portfolio with the $3.3 million acquisition of a 20,520-square-foot retail center in the Cincinnati suburbs. The deal marks continued investor interest in secondary suburban markets amid shifting retail real estate dynamics.
StudioB is bringing a new design showroom to Washington, D.C.'s Union Market District. The project joins a wave of creative and experiential retail tenants moving into the popular mixed-use neighborhood.
In a major adaptive reuse deal for a legacy department store footprint, Academy Sports + Outdoors has leased the former 130,000-square-foot Macy’s space at Fairview Town Center in Texas. The transaction highlights a broader trend of sporting goods retailers absorbing vacant anchor boxes in suburban lifestyle centers.
Aardex has completed an adaptive reuse renovation of a historic retail property in downtown Phoenix, converting the space to meet modern commercial demands. The project highlights the growing trend of repurposing legacy retail buildings in urban cores across the Southwest.
Two prominent retail properties on Boston's Newbury Street have changed hands in a $113.5 million deal brokered by Newmark, underscoring sustained investor appetite for well-positioned urban retail corridors. The transaction highlights the enduring appeal of the Back Bay neighborhood among commercial real estate investors.
A 113,601-square-foot grocery-anchored shopping center in Eden Prairie, Minnesota, has traded hands for $27.7 million. Cushman & Wakefield brokered the transaction, highlighting sustained institutional demand for essential retail assets in suburban Minneapolis.
Phillips Edison & Co. has expanded its Midwest footprint with the $27.7 million acquisition of a grocery-anchored shopping center in suburban Minneapolis. The 113,601-square-foot property features a recently renovated lineup of national credit tenants.
Saks Global Enterprises has resolved its legal standoff with Simon Property Group while simultaneously securing creditor backing, accelerating its emergence from Chapter 11 protection. The dual agreements mark a pivotal step in stabilizing the iconic luxury department store's operational and financial footing.
Retail sales climbed sharply across multiple sectors as ecommerce, automotive dealers, and general merchandise locations all posted gains, suggesting consumers are absorbing higher fuel costs without pulling back on broader purchases.
Carmichael Capital LLC has purchased The Mill, a 22,802-square-foot adaptive reuse retail asset in Nashville, marking another bet on the city's thriving mixed-use market. The local investment firm acquired the redeveloped property at 515 Golfair Drive.
The national average asking rate for self storage edged up 0.1 percent to $16.07 per square foot in March, even as climate-controlled and non-climate-controlled units experienced rate declines across all Top 30 metropolitan markets.
An 86,650-square-foot grocery-anchored shopping center in Orangeburg, South Carolina has changed ownership, highlighting sustained investor appetite for essential retail assets in secondary markets. Legacy Realty Group Advisors facilitated the transaction for the property located roughly 40 miles from downtown Columbia.