Grocerying retweeted
Publix to Anchor Retail at 82-Acre Cadia Matthews Mixed-Use Development
Read the full article below...
cremarketbeat.com/publix-to-…
#CRE #retail
Grocerying retweeted
Food Lion opening Greenville grocery store in former Bi-Lo location greenvilleonline.com/story/g…
Probably the best example of what a Food Lion logo looks like on a mid 2000s-onward Harris Teeter facade:
It will mark Food Lion's 154th store in the greater Charlotte market. bizjournals.com/charlotte/ne…
Grocerying retweeted
IKEA to Close Annapolis Store at Annapolis Harbour Center eyeonannapolis.net/2026/10/i…
Ikea to close small-scale Fairfax Corner showroom after this fall ffxnow.com/2026/10/05/ikea-t…
Other high-profile @Belk locations that have closed in metro Atlanta include North Point Mall (2009 - Former Lord & Taylor), Gwinnett Place Mall (2013 - Former Parisian), Phipps Plaza (2018 - Former Parisian) and Town Center at Cobb (2025 - Former Parisian)
Asheville Costco heads to key zoning hearing 828newsnow.com/news/228822-a… - Via @828newsnow #Asheville #Costco #WesternNorthCarolina #RetailNews
#BirminghamAL: the state's original lifestyle center #TheSummit has a new owner: Originally developed by Bayer in 1997 with many first-to-market tenants including the only Saks in Alabama (2001-2026). Current notable tenants are Apple, Trader Joe's, RH, Nordstrom Rack, and Belk.
🛍️ Federal Realty Investment Trust Acquires Alabama’s #1 Retail Destination for $580 Million
$FRT Federal Realty Investment Trust has officially acquired The Summit—Alabama's premier retail destination—for $508 million ($498 million on a net basis). This historic transaction marks the first sale in the property’s 30+ year history adding an irreplaceable trophy asset to Federal Realty's portfolio.
📍 Spanning 100 acres and ~870,000 sq. ft. in Birmingham, AL at the intersection of I-459 and U.S. 280, flanked by two of the region's wealthiest communities (Mountain Brook and Vestavia Hills).
👥 Serves a metro market of 1.2M+ people with an average 5-mile household income of ~$193,000.
🛍️ Alabama’s most-visited retail destination, drawing nearly 9 million annual visits with a broad 100-mile trade area (per Placer.ai).
🏬 Features 110+ premier brands including Apple, Trader Joe's, Sephora, Alo Yoga, RH, Nordstrom Rack, and North Italia.
🔒 Over 30 tenants operate their sole Alabama location at The Summit, with new brands like Aritzia, Reformation, and LoveShackFancy recently signing on.
📈 Currently 92% occupied with signed leases already set to increase occupancy, plus significant mark-to-market revenue potential over the next 5 years.
💰 Transaction is immediately accretive to FFO (Funds From Operations) per share.
💳 Funded via asset sale proceeds, free cash flow, and recent convertible notes.
🌐 Grows Federal Realty’s Central Region to 7 properties totaling ~2.7 million sq. ft. across Chicago, Kansas City, Omaha, and Birmingham.
🏛️ Joins iconic open-air assets in the FRT portfolio, such as Santana Row (San Jose), Assembly Row (Somerville), and CocoWalk (Coconut Grove).
ir.federalrealty.com/news-re…
A RARE look at the #BelkTyler at the now defunct/filled in #WashingtonSquareMall in #WashingtonNC. #Belk
Used the power of AI to enhance some old photos of the #Sears at #Charlotte's #SouthPark. This was an original anchor tenant of the mall from 1970 until it was torn down for West Plaza in 2004 @SouthParkMallNC. Does this bring back memories for any of you? #CLT @CLTdevelopment
#MongomeryWard at #SpotsylvaniaTowneCentre in #Fredericksburg Virginia - this throwback photo was posted on the Cafaro-owned mall’s Facebook page. Today, a Costco occupies the space that was formerly the Montgomery Ward department store location.
With Publix coming, #Charlottesville's conventional grocery options will expand to the following:
Food Lion
Giant
Harris Teeter
Kroger
Publix
Wegmans
Plus specialty, independent and big box:
Aldi
Costco
Sam's Club
Target
Trader Joe's
Walmart
Whole Foods
Food of all Nations
More Information: The first Publix for greater Charlottesville will be just south of Ruckersville, technically with a Barboursville, VA address as a part of the Terrace Greene development: cvillerightnow.com/news/2088…
#Publix is coming to the #Charlottesville area north of the city in Greene County:
Grocerying retweeted
A beloved Cabarrus County movie theater abruptly announced Monday morning that it is closing permanently. 💔🎬
Details here: bitl.to/64cz
#Publix is coming to the #Charlottesville area north of the city in Greene County:
New grocery store to occupy former Gabe's building in Greenville greenvilleonline.com/story/g…
Grocerying retweeted
Officials praise Jim Ukrop, local business legend, who died Friday at 89 richmondbizsense.com/2026/09… @ukrops @williamandmary @GovernorVA @DannyAvula