Abby Cox

1 week ago | shoppingcenterbusiness.com | Abby Cox

3 Hartland, Wis. — Hartland, Wisconsin-based Batteries Plus has signed a franchise agreement to open 17 new units in several locations across the U.S., including Hawaii, Florida, New Jersey and Texas. The retailer is on pace to have locations open and under development in all 50 states by the end of the year, with Hawaii marking its 48th.

1 week ago | shoppingcenterbusiness.com | Abby Cox

4 Miami — Marcus & Millichap has brokered the $5.7 million sale of Plaza 77 Shops, a 9,590-square foot retail strip center in Miami’s Dadeland neighborhood. Situated less than one mile from Dadeland Mall, the property is anchored by Trulieve and Domino’s Pizza, which both operate on corporate-guaranteed leases. Additional tenants at the center include Chase Bank, Outback Steakhouse, Anthony’s Coal Fired Pizza, Cancun Grill and Massage Envy, according to LoopNet.

1 week ago | shoppingcenterbusiness.com | Abby Cox

6 Conshohocken, Pa. — Swedish home furnishings retailer IKEA is expanding to Texas with three small format stores, dubbed “city stores.” The first store, a 35,000-square-foot outpost will open this spring at San Mar Plaza in San Marcos, Texas, while a second store in Rockwell, Texas — which will comprise 108,875 square feet — is scheduled to open in December, according to CultureMap Dallas.

1 week ago | shoppingcenterbusiness.com | Abby Cox

4 Poway, Calif. — Capstone Advisors has sold Poway Valley Center, a 24,802-square-foot retail property located in Poway, roughly 23 miles north of San Diego, for $11.6 million. The property comprises 16 tenants, including Little Sprouts Daycare, Wingstop, Poway’s Irish Pub, Don Pollo Mexican Food and Bongiorno’s Pizzeria. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, Capstone Advisors, in the transaction.

1 week ago | shoppingcenterbusiness.com | Abby Cox

3 Bentonville, Ark. — Sam’s Club, a division of Walmart, has announced plans to remodel all 600 of its existing membership-based stores nationwide. As part of its long-term strategy, Sam’s Club will also open 30 new locations over the next several years while building a pipeline to begin opening 15 new clubs annually. This marks the first expansion since 2017 after Sam’s Club closed 62 locations in 2018.