PUEBLO, COLO. — Hutton has started construction of a new phase of Pueblo Crossing, a shopping center just south of Colorado Springs. The center is situated on North Elizabeth Street. A 35,000-square-foot Dick’s Sporting Goods will anchor the center, which will also feature a 10,000-square-foot Ulta store, a 5,000-square-foot Maurice’s clothing store and an outparcel building with additional retailers that haven’t yet been announced. The newest phase of Pueblo Crossing will be situated on 8.2 acres. It will sit adjacent to the newly opened Dillon Drive Interstate interchange and the Colorado Department of Transportation office, which is currently under construction. Hutton plans to deliver the first phase of the project early this spring.
THIBODAUX, LA. — Vitorino Group, a Texas-based investment sales firm, has brokered the sale of Acadia Shopping Center, a 4,949-square-foot strip center located at 612 N. Canal Blvd in Thibodaux, about 60 miles southwest of New Orleans. Anchored by WalMart and Lowe’s, the property was 100 percent occupied at the time of sale. Bryce Gissler of Vitorino Group represented the seller, a Washington-based private investor. Other terms of sale were not released.
MEBANE, N.C. — Kennedy Funding Financial LLC, a New Jersey-based private lender, has arranged a two-year, $1.1 million working capital loan for a restaurant opening soon in the Durham area. Located at 401 E. Center St. in Mebane, a town about 20 miles west of Durham, the property spans 11,000 square feet. The borrower, Mebane Steakhouse LLC, will also own and operate the restaurant.
CHULA VISTA, CALIF. — SCA Architecture (formerly known as Smith Consulting Architects), a San Diego-based architectural firm, has completed the planning, design and construction of a repositioning at Gateway Marketplace, located at Fourth Avenue and C Street in Chula Vista. Brixton Capital is the developer of the $9.3 million remodeling project. Situated on an 8.8-acre lot, the project consisted of renovating an abandoned Target building in an existing neighborhood. The former Target store was divided into three tenant spaces. The front of the building was set back ten feet to allow for new, distinct tenant entries. Quick-serve grocery store and restaurant spaces were added to the center as well. Updated architecture and color schemes were used to update the center’s look. The existing site was enhanced with new landscaping, lighting, pedestrian walkways and a new gateway plaza. New tenants at the center include Party City, Smart & Final, Hobby Lobby and Aldi. AT&T, Little Caesar’s Pizza, Pho Hung Cali, iNails & Spa and other tenants are slated to open later this year. Scott Cairns served as principal-in-charge for SCA Architecture, with Norman Barrett as project designer and Dennis Seguban serving as project manager. Consultants included GSSI Structural Engineers as structural …
DALLAS — Westdale Properties and KDC Construction have broken ground on The Epic, a mixed-use development situated on eight acres at the corner of Pacific Street and Good Latimer Expressway in the Dallas neighborhood of Deep Ellum. The project will consist of a 250,000-square-foot office tower with a fitness center, rooftop café and ground-level retail space, as well as a 164-room hotel and a 300-unit, 20-story residential tower. The Epic, which will be built next to the Dallas Area Rapid Transit Deep Ellum Station, is scheduled for completion in late 2019.
BROWNSVILLE, TEXAS — Marcus & Millichap has closed the sale of Sunrise Plaza, a 35,972-square-foot shopping center situated on 2.9 acres at 2451 Pablo Kisel Blvd. in the south Texas border town of Brownsville. At the time of sale, the property was 100 percent occupied by triple net leased tenants such as Mattress Firm, Nutrishop and Shenanigan’s Irish Pub. Philip Levy of Marcus & Millichap marketed the property on behalf the seller, an unspecified developer.
ONTARIO, CALIF. — Progressive Real Estate Partners has arranged a 15-year lease with Golden Corral for a 12,936-square-foot restaurant at 1640 E. 4th St. in Ontario. Construction is slated to begin in April and the restaurant is projected to open in late 2017. Located in the Kmart-anchored Vineyard Freeway Center, the project is located near I-10, with an average daily traffic count of 237,000 cars passing by the location. Progressive Real Estate Partners’ Paul Su marketed the property and represented both Golden Corral and the lessor in the transaction. In addition to Kmart, the 163,000-square-foot center is also home to tenants including RadioShack and Domino’s Pizza. Coupled with the new Golden Corral, the landlord is embarking upon a renovation of the 60,000 square feet of shop space that will include enhanced facades, a new color scheme and parking lot renovations.
DALLAS — The Silver Group has arranged the sale of a single-tenant property occupied by LA Fitness, located at 13130 Preston Road, in Dallas. The 43,000-square-foot fitness center sits on 5.25 acres of land at Preston Road and the LBJ Freeway and is situated across the street from the old Valley View Mall, which is being transformed into a mixed-use development. The seller was an unnamed real estate investment trust, and the buyer was a Texas-based partnership formed to acquire the property. The Silver Group was the only broker involved with the sale.
PLANO, TEXAS — Citadel Partners LLC, a Dallas-based real estate consulting firm, has negotiated an 82,800-square-foot lease renewal at a flex facility located at 3501 E. Plano Parkway. Scott Jessen, Andy Goldston and Mac Morse of Citadel Partners represented the tenant, UNICOM Engineering, in the transaction. Brett Lewis and George Tanghongs of Lee & Associates represented the unspecified landlord.
THE COLONY, TEXAS — EDGE Realty Capital Markets has brokered the sale of Service King The Colony, a 22,461-square-foot retail property located at the corner of Paige Road and Sam Rayburn Tollway in The Colony, a northern suburb of Dallas. Brandon Beeson and Stroud Arthur of EDGE represented the seller, SK 5270 Memorial LP, a Texas-based firm. The sale price and the representative of the buyer, National Retail Properties LP, were not disclosed.