WESTMINSTER, COLO. — HFF has arranged the $4.3 million sale of Brookhill Towne Center, a 99,142-square-foot retail center in Westminster, located 11 miles north of Denver. Jules Sherwood of HFF represented the seller and procured the buyer, Experimental Holdings Inc. Constructed in 1989, Brookhill Towne Center was 81.5 percent leased at the time of sale to Fruehauf’s, Guiry’s and Dollar Tree.
LOS ANGELES — Bob’s Discount Furniture plans to open six new stores in the Los Angeles market simultaneously on Feb. 15, 2018. New locations will open in Baldwin Park, Huntington Beach, Midtown, Long Beach, West Hills and Valencia. These six stores will be the first on the West Coast for the furniture retailer. Bob’s currently has 89 stores in 15 states across the East Coast, Mid-Atlantic and Midwest regions, after adding more than a dozen new stores in the past year. In addition to the six new stores in Los Angeles, the furniture retailer has three others set to open on the same day in Pennsylvania and Virginia. The nine store openings will bring the company to 98 stores nationwide.
NORTH PLAINFIELD, N.J. — Marcus & Millichap has arranged the sale of Grove Plaza, a retail property located at 789 Route 22 West in North Plainfield. A private investor sold the 19,845-square-foot property for $1.9 million. Alan Cafiero, Ben Sgambati and Brent Hyldahl of Marcus & Millichap represented the seller and buyer, a private investor, in the deal.
ATLANTA — The Collective, a new food hall concept, is set to join the forthcoming Coda development underway at 771 Spring St. in Midtown Atlanta’s Tech Square. The Collective will include eight to 10 eateries with communal seating areas opening up into a 20,000-square-foot outdoor space. The historic three-story Crum & Forster building located on the property will serve as an 8,000-square-foot, full-service restaurant with patio seating that will transition to the outdoor space. In addition to several prospective dining options, preliminary plans include a full-service central bar that will enable patrons to take advantage of open carry that will be permitted at Coda. Under development by Portman Holdings, Coda will feature 645,000 square feet of office space, an 80,000-square-foot data center, 30,000 square feet of street-level retail and the new food hall upon completion. Adrienne Crawford and Lily Heimburger of SRS Real Estate Partners are spearheading restaurant leasing for The Collective at Coda, which is slated to open in February 2019. Portman Holdings is also developing the neighboring Anthem Technology Center, a new 21-story, 352,000-square-foot building that will rise at the corner of 4th and West Peachtree streets.
FRISCO, TEXAS — MYCON General Contractors has completed construction of a 188,564-square-foot Walmart Supercenter store at 355 Stonebrook Parkway in Frisco. The big box property features surface parking and extensive landscaping. Raymond Harris & Associates provided architectural services for the project, construction of which began in July 2016. This is the 25th new construction project that MYCON has completed for Walmart in Texas since 2009.
FRISCO, PROSPER AND WAXAHACHIE, TEXAS — SHOP Cos. has brokered the sale of three retail centers totaling 43,026 square feet in the Dallas-Fort Worth (DFW) metroplex. Miami-based Antegrade Holdings purchase the 20,823-square-foot Frisco Market Center; a Texas-based limited liability company acquired the 10,149-square-foot La Cima Crossing in Prosper; and an Oklahoma-based investor bought the 12,054-square-foot Waxahachie Retail Center. Each of the centers was 100 percent leased at the time of sale.
TOPEKA, KAN. — Marcus & Millichap has arranged the sale of a 4,828-square-foot property net leased to IHOP in Topeka for $2.6 million. The restaurant is located at the intersection of U.S. Highway 24 and Topeka Boulevard. Jamie Medress, Mark Ruble and Chris Lind of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Kirk Trammell, David Cutler and Joshua Johnson of Marcus & Millichap secured and represented the buyer, also a limited liability company. Richard Matricaria and Greg Bates assisted in closing the transaction.
YORKTOWN, N.Y. — Breslin Realty Development has broken ground for a Lowe’s Home Improvement Warehouse located in Yorktown. Located at 3200 Crompond Road, the 124,000-square-foot retail location will anchor a retail center that also includes three retail pads. The property is slated to open in the first quarter of 2019.
DALLAS — Dallas-based development and asset management firm Oaxaca Interests will redevelop a warehouse located at 660 Fort Worth Ave. in west Dallas into a 10,000-square-foot retail and restaurant property. The warehouse property, which was previously occupied by W&B Refrigeration Service Co., is situated on one acre next to the Sylvan/Thirty mixed-use development. Oaxaca is targeting two to five tenants for the project, construction of which is scheduled to begin before the end of 2017 and wrap up in fall 2018.
DUARTE, CALIF. — Newmark Knight Frank (NKF) has arranged the $38.1 million sale of Buena Vista Marketplace, a 92,346-square-foot retail center in Duarte, 21 miles northeast of Los Angeles. Pete Bethea, Rob Ippolito and Glenn Rudy represented the seller, Weingarten Realty, in the transaction. The buyer, Gerrity Group, represented itself. Smart & Final anchors Buena Vista Marketplace, which was 98.5 percent leased at the time of sale to tenants including Dollar Tree, Wells Fargo, AT&T, UPS, Subway, Flame Broiler and Jamba Juice.
