REBusinessOnline

Retail

RHC Property Holdings Completes Renovations at Royal Hawaiian Center in Waikiki

WAIKIKI, HAWAII — RHC Property Holdings LLC has concluded its multi-year, multi-building renovation at The Royal Hawaiian Center in Waikiki. The 310,000-square-foot center is one of Hawaii's largest shopping malls. The six-acre retail campus connects to the Sheraton Waikiki and Royal Hawaiian Hotel. The center now features a green gathering space for entertainment and cultural programming. On Buildings A and C, designed by Architects Hawaii Ltd., skylight systems by Super Sky Products..

July 24, 2017

At Home Opens First Location in Nevada

HENDERSON, NEV. — At Home Group Inc. has opened its first Nevada location in Henderson. The home décor superstore is the company's westernmost location as it enters its 33rd state. Nevada's first At Home is more than 140,000 square feet and offers over 50,000 home décor items from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal items, including more than 100 different Christmas tree varieties. The Henderson At Home is one of more than 25 new store openings..

July 24, 2017

Marcus & Millichap Brokers $1.1M Sale of Retail Property in Bayonne, New Jersey

BAYONNE, N.J. — Marcus & Millichap has arranged the sale of a retail property located at 563-567 Broadway in Bayonne. A private investor sold the property for $1.1 million, or $192 per square foot. The building features 5,600 square feet of retail space. Fahri Ozturk and Tyler Van Wagoner of Marcus & Millichap represented the seller and buyer, a private investor, in the deal.

July 24, 2017

Christie Development Breaks Ground on $63M Phase II of Belton Gateway in Belton, Missouri

BELTON, MO. — Christie Development has broken ground on the $63 million second phase of construction for the Belton Gateway in Belton, about 20 miles south of Kansas City. The retail property consists of more than 182,000 square feet of developable space. Infrastructure, pad site preparation and road reconstruction are underway, with the first restaurant slated to open later this year and five new retailers set to open in early 2018. The future home of Kneaders Bakery & Cafe is under..

July 24, 2017

EDGE Brokers Sale of 12,205 SF Retail Asset in Plano

PLANO, TEXAS — EDGE Realty Capital Markets has brokered the sale of a 12,205-square-foot, two-tenant retail property located at the intersection of Dallas North Tollway and West Park Boulevard in Plano. The property is leased to Mattress Firm and Elite Care ER. Stroud Arthur of EDGE represented the seller, G Whis/Park Place LLC, in the transaction.

July 24, 2017

Branch Properties Acquires 192,624 SF Kroger-Anchored Shopping Center in Metro Memphis

BARTLETT, TENN. — Atlanta-based Branch Properties LLC has acquired Bartlett Towne Center, a 192,624-square-foot, Kroger-anchored shopping center located at 6045 Stage Road in Bartlett, roughly 13 miles east of Memphis. Jim Hamilton and Richard Reid of HFF marketed the property on behalf of the seller, Houston-based Weingarten Realty Investors. The sales price was not disclosed. At the time of sale, Bartlett Towne Center was 94 percent leased to tenants including Petco, Dollar Tree, Shoe..

July 21, 2017

Starwood Provides $35.8M in Financing for Seven Retail Properties in Texas

SAN ANTONIO, MIDLAND AND ODESSA, TEXAS — Starwood Capital Group has arranged $35.8 million in financing for seven retail properties located in San Antonio, Midland and Odessa. The portfolio spans 308,328 square feet and is 95 percent leased, collectively. Todd McNeill of Metropolitan Capital Advisors Ltd. arranged the fixed-rate loan, which features a fixed 5.45 percent interest rate and a 30-year amortization schedule, on behalf of the borrower, a tenants-in-common partnership.

July 21, 2017

Trammell Crow Residential, KTGY Break Ground on $135M Mixed-Use Project in Oakland

OAKLAND, CALIF. — Trammell Crow Residential and KTGY Architecture + Planning have broken ground on Alexan Webster, a mixed-use development being built on a parking lot at 2330 Webster St. in the Lake Merritt neighborhood of Oakland. Designed by KTGY, the 1.4-acre redevelopment project will feature a 234-unit apartment community, 15,000 square feet of street-front retail space and a public and residential parking garage. The $135 million sustainable development will also feature 5,000..

July 21, 2017

Marcus & Millichap Negotiates $10.8M Sale of Shopping Center in Huntington Beach

HUNTINGTON BEACH, CALIF. — Marcus & Millichap has brokered the sale of Seagate Plaza, a shopping center located at 16107 Bolsa Chica St. in Huntington Beach. Cathy Investments acquired the property from Asbury Properties for $10.8 million. Carl’s Jr., Seagate Veterinary Hospital, Classic Cleaners, Seagate Liquor & Grocery, Subway and Coastline Dental occupy the 30,234-square-foot retail plaza, which was built in 1975. Joseph Lising of Marcus & Millichap represented the..

July 21, 2017

Coldwell Banker Facilitates $3.8M Sale of Shops at Stater Bros in Orange

ORANGE, CALIF. — Coldwell Banker Commercial Advisors (CBC Advisors) has arranged the sale of Shops at Stater Bros, a multi-tenant retail strip center located on Tustin Avenue in Orange. A local buyer acquired the retail center for $3.8 million. The property features 14,575 square feet of retail space. Scott Hook of CBC Advisors represented the undisclosed seller in the transaction.

July 21, 2017