Greenberg Gibbons Signs Trader Joe’s, Onelife Fitness to Join $500M Mixed-Use Project in Richmond
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed retail deal value tracked in October 2026: $14B across 90 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
RICHMOND, VA. — Greenberg Gibbons has signed two new anchor retail tenants — Trader Joe’s and Onelife Fitness — at Midtown64, a 64-acre mixed-use project in Richmond. The first phase of the $500 million development, w…
External link. Real Estate Trail does not republish source content.
Related coverage — Retail
MMCC Arranges $25M Acquisition Loan for Retail Property in Troy, Michigan
TROY, MICH. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25 million in financing for the acquisition of a 62,364-square-foot retail property in Troy. Todd Phillips of MMCC arranged the loan through a nation…
JLL Brokers $10.1M Sale of Retail Strip Center in Lombard, Illinois
LOMBARD, ILL. — JLL Capital Markets has arranged the $10.1 million sale of a 21,071-square-foot retail strip center in Lombard. Built in 2003 and fully renovated in 2026 for medical tenancy, the property is fully leas…
Arlington shopping center redevelopment gains momentum with swim school, coffee shop and fitness gym
Grocery Outlet Preparing Moraga Store At Rheem Valley Shopping Center
Santana Row’s Real-Time Reels Show How Retail Landlords Are Turning Instagram Into Placemaking
Federal Realty's in-house team at San Jose's Santana Row is among four operators profiled by ICSC that have stopped using Instagram as a digital billboard and started using it to shape how shoppers see, trust and visi…