SAN RAFAEL, CALIF. — Cushman & Wakefield’s Mortgage Services has closed a $46 million refinancing for Montecito Plaza in San Rafael. Located at Third and Grand streets, the shopping center is occupied by Trader Joe’s, Petco, Pier 1 Imports and Rite Aid, among others. Kurt Scheidt and Terry Daly of Cushman & Wakefield arranged the 10-year loan for the borrower, longtime owner/developer Seagate Properties.
MESA, ARIZ. — CBRE has arranged the sale of Tri-CityPavilions, a 96,336-square-foot shopping center anchored by Safeway in Mesa. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham of CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G. Management Co. of Westlake Village, California. The buyer is Fairfield, N.J.-based Lamar Cos. The property, located at the northeast corner of Dobson Road and Main Street, was 75 percent leased at the time of sale.
LOS ANGELES — 365 by Whole Foods Market is opening its first location on May 25 in the Silver Lake neighborhood of Los Angeles. The location will feature selections from Whole Foods Market’s 365 Everyday Value brand, as well as local and branded products. Additionally, the new store will host several “Friends of 365” offerings through partnerships with by CHLOE., Allegro Coffee Co. and teaBOT, a retail platform that provides custom grab-and-go tea in under 30 seconds. 365 by Whole Foods has also partnered with Loomstate to custom design employee apparel for the stores. Two additional 365 by Whole Foods Market locations will open in 2016 — in Bellevue, Wash., and Portland, Ore. — and up to 10 stores are expected to open in 2017.
LOS ANGELES — California Realty Group has arranged the lease of 6,756 square feet of retail space at 5100 Wilshire Blvd. in the Hancock Park neighborhood of Los Angeles. Automobile Club of Southern California signed a 10-year deal for the space, which is situated within the Mansfield mixed-use project. The new location is slated to open in the third quarter of 2017. Keith Kleinman and Mark Esses of California Realty Group represented the tenant, while CBRE’s Tim Bower and Gabrielle Lardiere represented the undisclosed landlord in this transaction.
HASLET, TEXAS — Amazon Inc. plans to open its sixth Texas distribution center in the Dallas suburb of Haslet. The company employs more than 8,000 full-time hourly associates at its Texas fulfillment centers and plans to hire 1,000 more full-time positions in the new Haslet facility. In addition to its existing Haslet facility, which began shipping customer orders in 2013, Amazon’s other Texas fulfillment centers are located in Coppell, southern Dallas and Schertz, with a fifth under construction in San Marcos. Amazon also operates three sortation centers in Texas, located in Irving, Houston and San Antonio.
FORT WORTH, TEXAS — Calcomp Inc., a manufacturer of commercial aircraft engine composites, is moving its manufacturing operations from Santa Fe Springs, Calif., to Fort Worth. The company has selected a 25,000-square-foot manufacturing facility located in north Fort Worth near Loop 820 and Blue Mound Road. Calcomp will relocate to Fort Worth through a phased move from June to December. The company will relocate 15 employees from California and plans to hire between 30 and 35 locally.
AUSTIN, TEXAS — A $23 million transformation initiative is planned for the Hilton Austin hotel. The upgrades will include a full renovation of the hotel’s lobby, public areas and meeting space, as well as the launch of two new restaurant concepts, a Starbucks and a flexible event venue. EDG Interior Architecture + Design has been hired for the project, which will begin in May and continue through the end of the year.
SAN MARCOS, TEXAS — On April 25, fast-casual restaurant chain Newk’s Eatery will open its first location in San Marcos. The brand serves salads, pizzas, sandwiches, soups and desserts seven days a week. Located at 1285 S. I-35 Frontage Road, the restaurant will offer indoor dining for 142 guests and patio dining for 42 more in a 4,405-square-foot space. The San Marcos restaurant will employ about 70 and is the first of five locations planned to open in the Austin metro area by 2019.
TAMPA, FLA. — Coca-Cola Beverages Florida, an independent Coca-Cola bottler based in Tampa, has signed a letter of intent with The Coca-Cola Co. to acquire four production facilities in Hollywood, Jacksonville, Orlando and Tampa for an undisclosed price. The proposed acquisitions will give Coca-Cola Florida the ability to fully manage the production of Coca-Cola products that it currently distributes for Florida customers and consumers. In December 2015, Coca-Cola Florida signed letters of intent to acquire The Coca-Cola Co.’s sales and distribution operations in North and South Florida. The proposed acquisitions are subject to the parties reaching a definitive agreement, with closing for the North Florida operations expected in 2016 and closing for the South Florida operations expected in 2017. Coca-Cola Florida currently operates in Central Florida with seven sales and distribution locations in Tampa, Lakeland, Sarasota, Fort Myers, Fort Pierce, Sebring and Spring Hill. Following the completion of the North and South Florida territory expansions, Coca-Cola Florida’s operations will encompass 16 sales and distribution centers throughout Florida.
NORTH BETHESDA, MD. — The General Services Administration (GSA), on behalf of the U.S. Nuclear Regulatory Commission, has renewed a 347,922-square-foot lease at Two White Flint North, a 10-story office building in North Bethesda. The GSA occupies the entire property as well as its sister property, the 18-story One White Flint North. The GSA inked the lease renewal with Two White Flint North’s ownership group, Lerner Enterprises and The Tower Cos.