GRAPEVINE, TEXAS — Pottery Barn Outlet will open a 25,027-square-foot store in Grapevine, located in the northern-central part of the metroplex. The store will be situated within one of the anchor spaces at Grapevine Towne Center. Jennifer Chandler, Lynn Van Amburgh, Ben Terry and Avery Frisbie of Weitzman represented the undisclosed landlord in the lease negotiations. Katie Rambie of SHOP Cos. represented the retailer.
NEW YORK CITY — United Hospital Fund has renewed its 22,083-square-foot office headquarters lease in Midtown Manhattan. The nonprofit organization is relocating from the 12th to seventh floor of 1411 Broadway. Josh Kuriloff, Matthias Li and Heather Thomas of Cushman & Wakefield represented the tenant in the lease negotiations. Paul Amrich, Neil King and Emily Chabrier of CBRE represented the landlord, La Caisse.
KANSAS CITY, MO. — The Kansas City Symphony has unveiled plans to develop a new live music venue in the city’s South Plaza district. The indoor venue, designed for audiences of up to 4,600 guests and targeted to open in 2028, will host touring artists across genres and support a limited number of Symphony performances that benefit from amplified or enhanced production formats. The project will also be designed to support the live performance of films with orchestra, which regularly rank among the Symphony’s most in-demand offerings. Populous and McCownGordon are the project’s design and construction build teams, respectively. The development at 4901 Main St. will be walkable to the Country Club Plaza. While Helzberg Hall at the Kauffman Center will remain the definitive orchestral home of the Symphony, the new venue will expand its reach. Managed by Music and Event Management Inc. (MEMI), the property will host over 100 annual events. The Symphony will wholly own the new venue and will contract with MEMI to operate it. MEMI, a subsidiary of the Cincinnati Symphony Orchestra, has measured a growing demand from artists and audiences for 4,000 to 6,000-seat venues that hit a “sweet spot” between intimate experience and major …
CHICAGO — Transwestern has negotiated the sale of a vacant, single-story building totaling 5,370 square feet in Chicago’s River North. The property at 625 N. Kingsbury St. sold for $2.3 million. David Kimball of Transwestern represented the seller, an entity controlled by Urban Innovations. Mark Kishtow of Jameson Commercial represented the buyer, a local private investor who plans to convert the property into a Top Dog Daycare & Hotel opening this summer. The transaction also includes an adjacent 24-space surface parking lot. Originally designed and developed in 1997 by Chicago architect Stanley Tigerman, the building features a column-free interior, exposed timber truss construction and ceiling heights exceeding 21 feet at the center.
CYPRESS, TEXAS — JLL has brokered the sale of a 39,912-square-foot shopping center in Cypress, located on the northwestern outskirts of Houston. The Shops at Fry & Tuckerton comprises three multi-tenant buildings that were fully leased at the time of sale. Tenants include Five Guys, Einsteins Bros. Bagels, VIA 313 and Charleys Cheesesteaks. Ryan West, John Indelli and Michael King of JLL represented the seller, Gulf Coast Commercial Group, in the transaction.
COSTA MESA, CALIF. — Newmark has arranged the sale of Stonemill Design Center, a flex office campus on 8.3 acres at 2915 Red Hill Ave. in Costa Mesa. Kevin Shannon, Paul Jones, Ken White, Brandon White, Chris Benton and Anthony Muhlstein of Newmark represented the undisclosed seller, an institutional investor, in the transaction. A private investor acquired the asset for an undisclosed price. Totaling 127,753 square feet, the campus features seven flex office buildings that are 94 percent leased by a diverse mix of commercial, industrial and office tenants. Situated in the Greater Airport Area submarket, the property is adjacent to SR-73 Freeway and offers proximity to South Coast Plaza.
SCOTTSDALE, ARIZ. — Salt River Pima-Maricopa Indian Community (SRPMIC) and Scottsdale-based Mullin 360 have received approval to develop a Costco at 4499 N. Pima Road in Scottsdale. The project will be the first-ever Costco store on tribal land in the United States. Spanning 21.5 acres, the project will include a 162,000-square-foot retail building and approximately 994 parking stalls. The store will include an expanded ready-to-eat section with a wide selection of grab-and-go meals, as well as a food court. A formal groundbreaking will be planned for June 2026.
CHARLOTTESVILLE, VA. — JLL Capital Markets has arranged a $74.5 million loan for the refinancing of the Shops at Stonefield, a 267,294-square-foot shopping center located in the Central Virginia city of Charlottesville, just two miles north of the University of Virginia. Brian Gaswirth, Evan Parker, Gus Caiola and Jude Carlon of JLL arranged the three-year loan through FS Credit Real Estate Income Trust on behalf of the borrower, O’Connor Capital Partners. Shops at Stonefield is anchored by Trader Joe’s and a 14-screen Regal Cinema. Other tenants include L.L. Bean, lululemon and Sephora. The center is currently 98 percent leased but only 92 percent occupied, according to JLL. Shops at Stonefield is part of a 43.5-acre master-planned community that includes a 137-room hotel, 455,000-square-foot manufacturing facility occupied by aerospace giant Northrop Grumman Corp. and three residential properties totaling 686 units, including a recently delivered, 227-unit luxury multifamily community.
APOPKA, FLA. — SRS Real Estate Partners has brokered the $5.3 million sale of the Shoppes at Hunt Club, an 8,211-square-foot retail property located in Apopka, approximately 12 miles northwest of Orlando. William Wamble and Patrick Nutt of SRS represented the seller, a Florida-based national investor and developer, in the transaction. The 1031 exchange buyer was a Florida-based private investor. Built in 2006 on nearly 1.5 acres, the Shoppes at Hunt Club was fully leased at the time of sale to tenants including Firehouse Subs, Smoothie King, Spectrum and MUV Dispensary. The property is situated adjacent to Club Corners, a 105,000-square-foot, Publix-anchored neighborhood center.
CHICAGO — The Boulder Group has arranged the $5.3 million sale of a single-tenant retail property net leased to CVS in Chicago. Constructed in 2002, the 15,414-square-foot building is located at 3951 W. 103rd St. CVS recently executed a long-term lease extension through January 2039. The lease features 10 five-year renewal options with 5 percent rental escalations in each option period. Portions of the property are master leased by CVS to Subway and CD One Price Cleaners, both of which have been operating at the location since 2002 and 2003, respectively. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a Northeast-based real estate investment company. The buyer was a self-represented real estate trust.
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