EWING, N.J. — Duck Duck Tooth Pediatric Dentistry has signed a 3,900-square-foot retail lease in Ewing, located just outside of Trenton. The space is located within the 355,000-square-foot Capitol Plaza shopping center, which is anchored by Marshall’s, Save A Lot, Planet Fitness, Dollar Tree and dd’s Discounts. Fred Younkin of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Jon Porter of CARR represented the tenant.
Property Type
PEBB, Banyan to Develop 23-Acre Retail Project at Tradition Development in Port St. Lucie, Florida
by John Nelson
PORT ST. LUCIE, FLA. — PEBB Enterprises and Banyan Development have acquired a 23-acre parcel in Port St. Lucie with plans to develop a retail project at the site. Dubbed the Shoppes at Southern Grove, the retail center will be situated within the Tradition master-planned community. This marks the second retail development within Tradition for the joint venture, which acquired the site from an entity doing business as Mattamy Palm Beach LLC for $7.5 million. Upon completion, the project will feature a shopping center on 14.2 acres with additional outparcels available for ground lease ranging in size from 1 to 2.4 acres.
ROSEMONT, ILL. — Bradford Allen Hospitality has begun a $25 million renovation of its Hyatt Rosemont Chicago O’Hare hotel to transform it into a Hyatt Centric full-service lifestyle hotel. The property is located at 6350 N. River Road across the street from Rivers Casino in the Chicago suburb of Rosemont. The renovations entail a full gut rehab of the property, which will result in 206 completely remodeled guest rooms, 12,000 square feet of modernized meeting space, an improved fitness center and a ballroom with capacity for up to 500 people. What was once an American eatery will be transformed into Cima, an upscale, beverage-forward restaurant with outdoor seating. Maverick Hotels & Restaurants will continue to oversee operations of the property.
CHESTERFIELD, MO. — Narwhal’s Crafted has opened at The District in Chesterfield, a suburb of St. Louis. The 3,600-square-foot venue marks the third location for Narwhal’s Crafted, which is known for its frozen cocktails, and features a 1,000-square-foot patio equipped with fire pits and a large outdoor screen. The Staenberg Group manages The District. Other tenants include The Factory, The Hub STL, Napoli Bros., 4 Hands Brewery, Hi-Pointe, The Reverie, Lit Cigar Lounge, Game Show Battle Rooms and Main Event.
WEST ALLIS, WIS. — Marcus & Millichap has arranged the $2.1 million sale of a 1,544-square-foot restaurant property net leased to Arby’s in the Milwaukee suburb of West Allis. Constructed in 2004, the building is located at 10743 W. National Ave. Damien Yoder and Madison Harman of Marcus & Millichap’s The Yoder-Harman Group represented the buyer, 12947 Woodbridge Street LLC, a private investor. Todd Lindblom, broker of record in Wisconsin, assisted in closing the transaction.
Dwight Capital Finances $59.9M HUD-Insured Loan for Apartment Community in Davis, California
by Amy Works
DAVIS, CALIF. — Dwight Capital has closed a $59.9 million HUD 223(f) refinance for Tanglewood @ Davis, a garden-style apartment complex in Davis. Spanning 14.3 acres, the property offers 216 one-, two- and three-bedroom units across 30 two-story residential buildings. Units include modern appliances, granite countertops, fireplaces and balconies or patios. Community amenities include private parking garages, a basketball court, dog park, fitness center, barbecue and firepit lounge and a swimming pool. Elliot Haft of Dwight Capital originated the transaction. The borrower was not disclosed.
Northmarq Provides $43.6M Agency Refinancing for Multifamily Community in Port Orchard, Washington
by Amy Works
PORT ORCHARD, WASH. — Northmarq has provided a $43.6 million Fannie Mae loan for the refinancing of Haven Apartments, a garden-style multifamily property in Port Orchard, about 22 miles west of Seattle. The borrower was not disclosed. Located at 4999 Sidney Road SW, Haven Apartments offers one-, two- and three-bedroom floor plans with quartz countertops and high-end finishes, luxury vinyl flooring, walk-in closet options, balconies or patios, kitchen islands, full-sized washers/dryers, stainless steel appliances and primary suites. Robert Spiro of Northmarq’s Seattle Debt + Equity team originated the fixed-rate loan on behalf of the borrower. The interest-only financing was arranged through Northmarq’s Fannie Mae DUS program.
Ethos Commercial Arranges $24M Loan for Trader Joe’s-Anchored Shopping Center in Vancouver, Washington
by Amy Works
VANCOUVER, WASH. — Ethos Commercial Advisors has secured bridge financing for Skyview Station, a 77,000-square-foot retail property in north Vancouver. The borrower, Vancouver-based Hurley Development, received $24 million in non-recourse financing from an unnamed life insurance company. Completed in early 2024, the eight-building Skyview Station is anchored by a 13,000-square-foot Trader Joe’s. Other tenants include Chase Bank, Jersey Mike’s Subs, Chipotle Mexican Grill and a range of healthcare clinics. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors arranged the financing on behalf of the borrower.
BROOMFIELD, COLO. — Tepuy Properties has acquired an industrial facility located at 11331 Dillon Road in Broomfield for $4.7 million. Jaime Pletcher of Gibbons White represented the buyer, while Matthew Trone of Cushman & Wakefield represented the undisclosed seller in the deal. Glass to Glass Denver, a subsidiary of Owens-Illinois, occupies the 27,116-square-foot glass recycling facility. The tenant specializes in transforming post-consumer glass into high-quality, reusable glass for manufacturers. The company processes a variety of glass materials, including bottles, jars and containers, for reuse in manufacturing new glass products. Built in 1973, the facility is located off Highway 287 and E-470, providing direct access to Denver International Airport.
Hanley Investment Group Brokers Sale of 7,914 SF Vacant Restaurant Building in Aliso Viejo, California
by Amy Works
ALISO VIEJO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a vacant restaurant building within Aliso Viejo Town Center in Southern California. ValueRock Realty Partners acquired the asset from a private investor for $5.3 million. Located at 26641 Aliso Creek Road in Aliso Viejo, the freestanding, 7,914-square-foot building was built on 1.3 acres in 1997. The property was formerly occupied by Macaroni Grill. Other tenants at Aliso Viejo Town Center include Ralphs, CVS Pharmacy, Staples, T.J. Maxx, HomeGoods, PetSmart and Regal Cinemas. Sean Cox, Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller and buyer in the transaction.