Joint Venture Sells Arbor Square Shopping Center in Douglasville, Georgia for $18.4M

DOUGLASVILLE, GA. — A joint venture between Connolly and Coro Realty has sold Arbor Square, a 127,195-square-foot shopping center in Douglasville. ALTO Real Estate Funds, which has offices in Dallas and Denver, purchased the property for approximately $18.4 million. Mark Joines and Drew Fleming of Newmark arranged the sale.Developed by Connolly in 1977, Arbor Square was fully renovated in 2018 and was 97 percent occupied at the time of sale to tenants such as Burlington, HomeGoods, …

December 1, 2021Acquisitions, Georgia, Retail, Southeast

Phillips Edison Buys 216,320 SF Shopping Center in Sacramento from Donahue Schriber

SACRAMENTO, CALIF. — Phillips Edison & Co. has purchased Town & Country Village, a dual grocery-anchored community shopping center in Sacramento, from Donahue Schriber for an undisclosed price.Trader Joe’s and Sprouts Farmers Market co-anchor the 216,320-square-foot shopping center. At the time of sale, the property was 91 percent leased to a variety of tenants, including Bed Bath & Beyond, Ross Dress for Less, T.J. Maxx and Five Below.Town & Country Village is situated on 19 acres …

December 1, 2021Acquisitions, California, Retail, Western

Ghost Kitchen Operator Opens 6,400 SF Space in Midtown Manhattan

NEW YORK CITY — Ghost kitchen operator Kitchen United has opened a 6,400-square-foot space at 307 W. 38th St. in Midtown Manhattan where it will offer takeout and delivery of brands such as Wingstop, Jersey Mike’s Subs and Chili’s, among others. The location is the third in New York City for Kitchen United, which also recently software and ghost kitchen developer, Zuul. The acquisition saw Zuul’s existing locations in the Soho and Hudson Yards neighborhoods rebranded as a Kitchen United …

December 1, 2021Leasing Activity, New York, Northeast, Restaurant, Retail

JLL Brokers $17.7M Sale of Derby Square Shopping Center in Grove City, Ohio

GROVE CITY, OHIO — JLL Capital Markets has brokered the $17.7 million sale of Derby Square in Grove City, a southern suburb of Columbus. Giant Eagle anchors the 125,250-square-foot shopping center, which is 99 percent leased. Additional tenants include Once Upon a Child, Plato’s Closet, Novacare Rehabilitation, Salon Lofts, City Barbeque, Batteries + Bulbs, H&R Block and Allstate Insurance. Derby Square is situated on 12 acres along Stringtown Road. Amy Sands, Clinton Mitchell, Michael …

December 1, 2021Acquisitions, Midwest, Ohio, Retail

Restaurants Embody Trends That Define Houston Retail Market Post-Covid

By Jeff Tinsley, senior advisor, SVN | J. Beard Real Estate - Greater Houston As we reach the end of the calendar year, it’s become clear that 2021 has been a year of transition. Many new trends are emerging from the pandemic year of 2020 with regard to retail real estate. COVID-19-induced trends within shopping, dining and entertainment have given rise to a new generation of retailers to the Houston market. Many quick-service restaurants (QSRs) are looking to reduce store sizes for …

December 1, 2021Market Reports, Restaurant, Retail, Texas, Texas Market Reports

Several Retailers Join Tenant Lineup at Ponce City Market in Atlanta’s Old Fourth Ward

ATLANTA — Several new retailers have joined Ponce City Market, the mixed-use redevelopment of the former Sears Roebuck & Co. building in Atlanta’s Old Fourth Ward. Situated along the Atlanta BeltLine’s Eastside Trail, Ponce City Market comprises 259 residential flats, 643,000 square feet of Class A office space and 300,000 square feet of retail and restaurants.The new retailers include Nani’s Piri Piri Chicken, JJ’s Flower Shop, VIỆTVANA, Spicewalla Storefront and Umbrella …

November 30, 2021Georgia, Leasing Activity, Retail, Southeast

DD’s Discounts to Open at Market Square Shopping Center in Bolingbrook, Illinois

BOLINGBROOK, ILL. — DD’s Discounts, owned by Ross Stores Inc., has signed a lease to open and operate an 18,000-square-foot store at Market Square Shopping Center in the Chicago suburb of Bolingbrook. Other tenants at the property, located near I-55, include Walmart, Dollar Tree, Wintrust Bank and T-Mobile. Michael Horne of Newcastle Properties represented ownership on an internal basis. Andy Bulson of Mid-America Real Estate represented the tenant. Newcastle owns and operates 82 properties …

November 30, 2021Illinois, Leasing Activity, Midwest, Retail

Rita’s Ice Signs 1,973 SF Retail Lease in Flanders, New Jersey

FLANDERS, N.J. — Rita’s Ice, a Pennsylvania-based concept that specializes in custard and Italian ice, has signed a 1,973-square-foot retail lease at ITC Crossing South Shopping Center in Flanders, about 50 miles west of New York City. The tenant will backfill a space previously occupied by Amy Murphy Salon, which is relocating to a 5,000-square-foot space within the 514,903-square-foot center. The opening is scheduled for the first quarter of 2022. Danielle Brunelli of R.J. Brunelli & …

November 30, 2021Leasing Activity, New Jersey, Northeast, Retail

Joint Venture Acquires 120,000 SF Mixed-Use Property in North Palm Beach, Florida

NORTH PALM BEACH, FLA. — American Commercial Realty Corp., a Palm Beach Gardens-based commercial real estate firm, and Investment Capital Partners, a commercial real estate firm based in Connecticut, have acquired Crystal Cove Commons, a mixed-use property in North Palm Beach totaling over 120,000 square feet of commercial space. The seller and sales price were not disclosed.Crystal Cove Commons includes 73,738 square feet of retail space and 46,787 square feet of office space on three …

November 29, 2021Acquisitions, Florida, Mixed-Use, Office, Retail, Southeast

Solo Brands Opens 430,000 SF Headquarters, Showroom in Grapevine, Texas

GRAPEVINE, TEXAS — Solo Brands, a provider of outdoor apparel and equipment, has opened a 430,000-square-foot headquarters office and showroom in Grapevine, located near Dallas-Fort Worth International Airport. Prologis developed the building as a spec project in 2020. ENTORS Design provided architectural services for the development. George Curry and Blake Rogers of JLL represented Solo Brands in its site selection and lease

November 29, 2021Development, Industrial, Retail, Texas