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NEWS ROUNDUP
ACQUISITION: Macerich buys Annapolis Mall for $272M. Macerich acquired Annapolis Mall in Annapolis, Maryland, from a joint venture of Kildare Partners, Centennial Real Estate and Atlas Hill Real Estate for $260 million, plus $12 million for an adjacent 13.1-acre vacant Sears parcel, bringing the total to $272 million. The enclosed regional mall totals approximately 1.5 million square feet, although Macerich’s acquisition excludes the Macy’s anchor and a vacant JCPenney anchor. Macerich CEO Jackson Hsieh said the property’s strong trade area, limited competition, and leasing momentum offer significant net operating income growth potential. The company plans to invest approximately $40 million in additional leasing capital; 353,000 square feet of signed-not-open leases are expected to commence in 2026 and 2027.
ACQUISITION: Fidelity Core buys 260K SF Target-Anchored Vineyard Towne Center in Queen Creek for $69.6M. Fidelity Core Real Estate Operating Partnership acquired Vineyard Towne Center, a newly built, 260,000 SF open-air retail center in Queen Creek, Arizona, from Phoenix-based developer Vestar for $69.6 million. The center was completed in early 2026 and was 100% leased, anchored by a 145,000 SF Target and Sprouts Farmers Market. Other tenants include Mountain America Credit Union, Academy Bank, Mattress Firm, Five Guys, European Wax Center, Café Rio, Zaxby’s and Wingstop. Vestar, led by President and CEO David Larcher, will continue to manage the property.
ACQUISITION: Urban Edge Properties buys 92K SF Village at Bridgewater Commons for $54.3M. Urban Edge Properties acquired The Village at Bridgewater Commons, a 92,461 SF open-air retail center in Bridgewater Township, New Jersey, for $54.325 million from Pacific Retail Capital Partners. The center was 98% leased, with a 7.4-year weighted average remaining lease term, and is anchored by a Summit Health medical facility. Other tenants include Starbucks, Shake Shack, Cava, Chipotle and Big Chicken. JLL’s Kevin O’Hearn and J.B. Bruno represented the seller. The center sits beside Bridgewater Commons, a 1.2 million SF regional mall undergoing redevelopment.
ACQUISITION: Kohl’s-Anchored Peccole Plaza near Summerlin sells for nearly $40M. Local investors Hamid “Henry” Moradi and Dariush Imani acquired Peccole Plaza, a 161,978 SF open-air shopping center near Summerlin in Las Vegas, for $38.6 million, or approximately $238 per square foot. Peccole Enterprises was the seller. The center is anchored by Kohl’s, Walgreens, and Jack in the Box, with additional tenants including Guitar Center, Golf Galaxy, Dotty’s, Green Valley Grocery, and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty represented the seller and procured the buyer.
ACQUISITION: CI Rancho II acquires 64,200 SF Rigsby Avenue Shopping Center in San Antonio. CI Rancho II LLC acquired Rigsby Avenue Shopping Center, a 64,200 SF retail center on San Antonio’s Southeast Side. Built in 2002 on 6.09 acres, the fully leased property is anchored by Dollar Tree and shadow-anchored by Walmart. Other tenants include Alamo City Urgent Care, Brident Dental & Orthodontics, Baptist Health Systems, Avis Budget Car Rental, and Cato. Marcus & Millichap’s Philip Levy represented the seller and procured the buyer, both private investors.
FINANCING: JLL arranges $150M Loan for 326K SF Bay Terrace Shopping Center in Queens. JLL Capital Markets arranged $150 million in financing for Cord Meyer Development, owner of Bay Terrace Shopping Center in Bayside, Queens. New York Life Real Estate Investors provided the loan. The 326,445 SF, open-air center was approximately 90% leased and is anchored by Stop & Shop, with HomeGoods, AMC Theatres, Bank of America, JPMorgan Chase, Sephora, and LA Fitness among its tenants. Originally developed in the 1960s, the property has undergone signage and pedestrian-access upgrades, with further improvements planned.
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