STILLWATER, OKLA. — Hanley Investment Group, a California-based brokerage firm, has arranged the $22.5 million sale of Lakeview Pointe Shopping Center, a 207,406-square-foot shopping center in Stillwater. Built on 24.7 acres in 2006, the center was 95 percent occupied at the time of sale to tenants such as Best Buy, Ross Dress for Less, Belk, Five Below and Petco. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller, a partnership between Rubenstein Real Estate Co. and a Kansas-based family office, in the transaction. Scott Taubin of The R.H. Johnson Co. represented the undisclosed buyer.
AUSTIN, TEXAS — Planet Fitness has opened a 21,000-square-foot gym in North Austin. Excel Fitness is the franchise operator of the new gym, which is located at 13729 N. Highway 183. The space will feature dedicated training and stretching areas, as well as a spa with tanning beds and recovery facilities. A grand opening ceremony took place on Friday, Feb. 27.
NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged a $26 million loan for the refinancing of a 99,897-square-foot shopping center in the Great Kills neighborhood of Staten Island. Regional grocer ShopRite anchors the center under a long-term lease. Kevin Coscia of Largo Capital arranged the financing through an undisclosed life insurance company. The borrower was also not disclosed.
COLORADO SPRINGS, COLO. — CBRE has brokered the $20.5 million sale of the Shops at Dublin Commons, a retail strip center in Colorado Springs. Parker Brown, Matthew Henrichs and Brad Lyons of CBRE represented John Winsor of Olive Real Estate Partners in the transaction. Located at 5925 and 5935 Dublin Blvd., the 34,104-square-foot strip center was built in 2016 and 2018, respectively.
LEXINGTON, KY. — Beloit, Wis.-based Hendricks Commercial Properties (HCP) will invest $14.1 million to expand the retail offerings at Fritz Farm, a 52-acre mixed-use development located in Lexington. The expansion will add three new retail buildings and more than 30,000 square feet of retail and restaurant space at the property. Construction is expected to begin this month, while shell spaces are anticipated to be delivered to tenants in December. Originally developed as The Summit at Fritz Farm by Bayer Properties (now part of Centennial Real Estate), the center opened in 2017 and feature more than 60 shops and restaurants, luxury apartments and a hotel. Tenants include Anthropologie, Apple, Arhaus, Bath & Body Works, Brandy Melville, Free People, Kendra Scott, Lush, Nike and Pandora.
WESTFIELD, IND. — The Nicholas Family of Cos. will develop, build and operate Westfield Ice Facility, a new multi-sheet indoor ice facility in the northern Indianapolis suburb of Westfield. The project will serve as a catalyst for further growth of the Grand Park District, a mixed-use development near the Grand Sports Campus, a major youth sports destination. Westfield Ice Facility will feature three NHL-sized stadium-style rinks, with a potential fourth rink for future expansion. Tiered seating will host up to 3,500 spectators. The project will also include a full-service restaurant, retail spaces, an academic lounge and outdoor activity areas. Westfield Ice Facility marks the fourth indoor ice arena to be developed or acquired by Nicholas in the past two years and its first outside the Chicago area. The firm’s Nicholas & Associates division will serve as general contractor for the Westfield project. Its Spectate Group will manage and program the facility, and its Big Fish Hospitality Group will oversee food-and-beverage offerings. The property is expected to open in 2028.
SOUTH WINDSOR, CONN. — CBRE has arranged the $98.2 million sale of The Shops at Evergreen Walk, a 357,742-square-foot retail power center in South Windsor, located just outside of Hartford. Whole Foods Market anchors the center, which is also home to tenants such as lululemon, Golf Lounge 18, J.Crew Factory, Gap Factory, Nike, Bluemercury, L.L. Bean, Apple, Anthropologie, Pottery Barn and Williams-Sonoma. Nat Heald led the CBRE team that represented the seller, PGIM, in the transaction. The buyer was a joint venture between Brand Street Properties and Barings. JLL structured the joint venture and also arranged $76.9 million in acquisition financing through an unnamed international bank for the deal.
KAMUELA, HAWAII — BH Properties has purchased The Shops of Mauna Lani, an open-air retail center along the Kohala Coast on the Island of Hawaii. Terms of the transaction were not released. Situated on 6 acres at 68-1330 Mauna Lani Drive in Kamuela, the property offers 75,000 square feet of retail space. The center is anchored by Tommy Bahama Restaurant & Bar, Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations surf shop, Foodland Farms grocery store and a variety of local retailers, art galleries and wellness operators.
ROCKVILLE, MD. — Federal Realty Investment Trust, a retail REIT based in North Bethesda, Md., has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, for $72.3 million. The seller was not disclosed. Aldi anchors the center, which spans 12 acres and sits approximately 12 miles northwest of Washington, D.C. Additional tenants include RH Outlet, Petco and Staples. Within Montgomery County, Md., Federal Realty also owns Congressional Plaza, which is adjacent to Congressional North, as well as Federal Plaza, Montrose Crossing and Pike & Rose.
HOUSTON — Marcus & Millichap has brokered the sale of Huntwick Village, a 61,982-square-foot shopping center in northwest Houston. Built in 1980, the center is home to tenants such as Krazy Seafood, Jinya Ramen Bar, Jawhealth Dental, Sena Pharmacy, Los Reyes Mexican Restaurant and Da’ Town Sports Bar & Lounge. Scott Abeel and Philip Levy of Marcus & Millichap represented the seller, a private owner, in the transaction, and procured the buyer, a private equity firm. Both parties were Houston-based entities that requested anonymity.
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