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Property Watch

Next Realty Acquires Rite Aid Property in Virginia Beach, VA  Affiliates of Next Realty, LLC and Galloway Group, Inc. have acquired a single-tenant, 13,195 square-foot Rite Aid store located at 840 S. Military Highway (US 13), Virginia Beach, VA. The property was originally developed in 2000 as an Eckerd Pharmacy and in 2006 was sold, • Read More »

When Bad Things Happen to Good Properties

In May 2016, an affiliate of Next Realty made its first commercial property acquisition in the Nashville market area. The 60,413-square-foot, two-tenant retail property at 1735 Galleria Blvd. in Cool Springs Crossing represented a great opportunity to expand its geographic footprint. The building occupies a great location. It is situated in close proximity to I-65 • Read More »

Next Replaces Las Vegas Lunch with VIP Zoom Webinar Program

The COVID-19 pandemic that has swept the world has disrupted so many areas of our lives. Early on, major national CRE conventions like ICSC RECon in Las Vegas were postponed “indefinitely.”  Next Realty and our luncheon co-sponsors annually attend what is billed as one of the retail sector’s largest dealmaking and networking opportunities which includes trade show floor activities, meetings, panel discussions and social events.  With ICSC RECon canceled for 2020, Next Realty has been quick • Read More »

Next Realty Modernizes 620 N. LaSalle, Converts it to Office Use

After completing comprehensive redevelopment and repositioning at the iconic 620 North LaSalle building in River North, an affiliate of Next Realty, LLC welcomed coworking firm, Spaces, into the newly renovated office building. Spaces, a subsidiary of IWG, moved into the eight story, 80,000-square-foot building and began operations in September. Modernizing an Icon Next Realty completed • Read More »

Next Realty Makes Fifth Acquisition in Milwaukee

On behalf of Next Realty Fund IX, an affiliate of Next Realty, LLC has recently acquired Hillside Terrace Shopping Center, a 17,000 square foot neighborhood shopping center located at 2728 – 2744 Hillside Drive in Delafield, Wisconsin. The center is fully leased and includes a diverse roster of restaurant, retail and service-oriented tenants. Delafield is • Read More »

Meet One of Our Nextperts®

Amy joined Next Realty in 2015 as Director of Leasing, where she is responsible for overseeing the leasing of Next Realty’s 1.2 million square feet of retail space. She works closely with the acquisitions team to source investment opportunities, complete in-depth market research, and execute property due diligence. In Amy's time at Next, she has • Read More »

Property Watch

During the quarter, the leasing and management teams at Next Realty reached a number of important milestones at properties in the portfolio: Lincolnshire Commons: Fat Rosie’s to Replace Kona Grill Fat Rosie’s, a Mexican themed restaurant, has leased an approximately 6,000 square foot restaurant space at Lincolnshire Commons. The space that was previously leased to • Read More »

When Bad Things Happen to Good Properties

In our last newsletter, we shared the storyline “When Bad Things Happen to Good Properties”. The story’s premise was that regardless of the level of due diligence completed, over time unexpected or unplanned property-related events can occur, even at good properties. In today’s retail environment, unplanned events include store closings and tenant bankruptcies. In this • Read More »

Building Relationships at ICSC Chicago

Next Realty has been an active participant in the International Council of Shopping Centers (ICSC) events since the real estate company was launched in 1998. ICSC’s main event is a three-day convention in Las Vegas each spring. ICSC also holds conventions throughout the year in primary markets like Chicago, New York, and Miami. ICSC Chicago • Read More »

Next Realty Refines Acquisition Strategy

Next Realty has countered a dramatically transformed retail landscape—including the extraordinary growth of e-commerce, a shakeout of big box retailers, and an ongoing evolution of brick and mortar retail —with a refinement of the central strategy that has guided the firm since 1998. For 20 years, Next Realty has been known as an investment and • Read More »