2026 Year-to-Date: Leasing Wins, Tenant Openings, and Portfolio Initiatives
We’ve had a productive start to 2026, executing on new leases, lease renewals, tenant openings, redevelopment progress, and team expansion across our portfolio of 18 owned and managed grocery-anchored shopping centers totaling nearly 2.5 million square feet. This activity reflects continued execution of our disciplined value-enhancement strategy across the Midwest, Mid-Atlantic, Northeast, and Southeast as we mark our 20th year in business.
Leasing: New Tenants, Lease Renewals, and Continued Availability
Leasing Highlights
We’ve finalized two notable leases that will shape merchandising in the months ahead. At Wilmington Plaza in Wilmington, Ohio, TJ Maxx is scheduled to open by the end of May 2026, introducing one of the country’s most recognized off-price retailers to our Kroger-anchored center. At Green Ridge Plaza in Scranton, Pennsylvania, we signed a lease with La Pino’z Pizza, an internationally recognized pizza brand currently expanding into the U.S. market. With only a small handful of U.S. locations open to date, the lease at Green Ridge Plaza represents a meaningful win in bringing the concept to a new community.
We continue to offer a broad range of leasing opportunities across our portfolio, including pad sites, in-line shop space, junior anchor positioning, and big-box availability. Our leasing strategy is grounded in a long-term track record of taking centers from an average of 77% occupancy at acquisition to 94% at stabilization, supported by a 92% tenant retention rate.
New Leases Signed
We’ve welcomed the following new tenants to our centers:
- Eternal K9 at Heritage Square in South Bend, Indiana
- La Pino’z Pizza at Green Ridge Plaza in Scranton, Pennsylvania
- Elite Gym at Hunt River Commons in North Kingstown, Rhode Island
- A&M Rehab at Baker Square in Omaha, Nebraska
- Holy Crab at Sheridan Village in Peoria, Illinois
- Beignet & Brew at Eagle Village in Fredericksburg, Virginia
- Seasons Foot Massage at 1629 York Road in Timonium, Maryland
Lease Renewals
The following established tenants extended their leases with us, reinforcing tenant retention and continued community presence:
- Circle K at Avent Ferry in Raleigh, North Carolina
- Dick’s Sporting Goods at Green Ridge Plaza in Scranton, Pennsylvania
- Artisans Salon at Penn Crossing in Jeannette, Pennsylvania
- T-Mobile at Hunt River Commons in North Kingstown, Rhode Island
- LP Fitness at East Park Plaza in Lincoln, Nebraska
- Global Fine Art at Heritage Square in South Bend, Indiana
- The Toy Box at Shelby Corners in Utica, Michigan
- Royal Paws at Shelby Corners in Utica, Michigan
- Walgreens at Warsaw Village in Warsaw, Virginia
- Paradise Banquet at Shelby Corners in Utica, Michigan
“Our latest activity reflects exactly the kind of momentum we want to see across every center — established tenants choosing to grow with us, and new operators stepping in to fill the right voids in each market,” said Gary Block, Vice President of Leasing at Broad Reach Retail Partners. “Bringing TJ Maxx to Wilmington Plaza and welcoming a brand like La Pino’z Pizza to Green Ridge Plaza are exactly the kinds of additions that elevate the merchandising mix for the communities we serve.”
Acquisitions and Dispositions
We’ve placed Henderson Pointe, our Food Lion-anchored shopping center in Henderson, North Carolina, under contract for sale. Once finalized, the disposition will mark the conclusion of a successful value-enhancement cycle at the property.
On the buy side, we are actively seeking new acquisitions that meet our established criteria: grocery-anchored neighborhood shopping centers with strong grocery sales, identifiable value-add opportunities, and the potential to support a 3–5 year hold strategy. We typically target transaction sizes between $5 million and $50 million. Owners and brokers with potential opportunities are encouraged to contact our acquisitions team via broadreachretail.com.
Property Management: Tenant Store Openings
Building on year-to-date leasing activity, our property management team has welcomed and is preparing to welcome several new tenants opening across the portfolio:
- Eternal K9 at Heritage Square in South Bend, Indiana
- Pennsylvania Liquor Control Board (PLCB) at Green Ridge Plaza in Scranton, Pennsylvania
- Flavor Foods at Eagle Village in Fredericksburg, Virginia
- H&R Block in a new space at Suite 9 of Woodland Heights in Streamwood, Illinois
- Hibbett Sports at Henderson Pointe in Henderson, North Carolina
- US Sushi at Woodland Heights in Streamwood, Illinois
- Savory at Village Square of Delafield in Hartland, Wisconsin
- Chunky Cup at Eagle Village in Fredericksburg, Virginia
“Every new tenant opening is a coordinated effort across our leasing, construction, and property management teams to deliver a turnkey experience for retailers and an enhanced shopping environment for the communities we serve,” said Mike Castellitto, Partner and Chief Operating Officer at Broad Reach Retail Partners. “The openings we have delivered and the ones still on deck this year — from Hibbett Sports at Henderson Pointe to Savory at Village Square of Delafield — illustrate the depth and diversity of merchandising we are bringing to each center, and the operational discipline that has sustained Broad Reach across 20 years of growth.”
Development: Hartford Terrace Progress and Industry Engagement
At Hartford Terrace, our multi-tenant retail development in Davenport, Florida, a new traffic light is currently under construction and opening soon to support direct vehicle access to the property. Hartford Terrace leasing activity is very active, with pad sites available for ground lease or build-to-suit. Our development team is fielding offers from multiple QSRs, full-service restaurants, retail users, medical users, and convenience stores.
Earlier this year, members of our team attended Retail Live! Southeast, connecting with retailers, developers, and brokers across the region to advance leasing conversations and share the latest opportunities across our portfolio.
Company Updates
ICSC Las Vegas: Visit Us at Booth 707U Lower South
Our team will be attending ICSC Las Vegas this May, with representation across leasing, acquisitions, property management, development, and corporate operations. We will be located at Booth 707U, Lower South. ICSC Las Vegas remains one of the most significant gathering points for the retail real estate industry, and we welcome the opportunity to discuss leasing, partnership, and acquisition opportunities on-site.
20 Years of Broad Reach
We are currently in our 20th year in business. Founded in 2006 with a single shopping center, we have grown into a privately held, fully integrated owner and operator now managing 18 grocery-anchored shopping centers totaling nearly 2.5 million square feet. Across our history, we have owned, leased, or managed 68 centers.
Human Resources: Team Expansion and Open Roles
We’ve welcomed two new team members year-to-date to support continued portfolio growth:
- Riley Pike has joined our Property Management team as Assistant Property Manager.
- Maria Still has joined our Accounting team as Property Accountant.
We are also actively hiring for a Director of Acquisitions to help lead transaction sourcing and execution as our portfolio continues to grow. Interested candidates can learn more and apply via broadreachretail.com.