Retail

At Home Opens First Location in Nevada

by Nellie Day July 24, 2017

HENDERSON, NEV. — At Home Group Inc. has opened its first Nevada location in Henderson. The home décor superstore is the company’s westernmost location as it enters its 33rd state. Nevada’s first At Home is more than 140,000 square feet and offers over 50,000 home décor items from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal items, including more than 100 different Christmas tree varieties. The Henderson At Home is one of more than 25 new store openings this year for the home décor chain. The company is headquartered in Plano, Texas, and currently operates 136 stores in 33 states.

July 24, 2017

New Jersey Northeast Retail

Marcus & Millichap Brokers $1.1M Sale of Retail Property in Bayonne, New Jersey

by Amy Works July 24, 2017

BAYONNE, N.J. — Marcus & Millichap has arranged the sale of a retail property located at 563-567 Broadway in Bayonne. A private investor sold the property for $1.1 million, or $192 per square foot. The building features 5,600 square feet of retail space. Fahri Ozturk and Tyler Van Wagoner of Marcus & Millichap represented the seller and buyer, a private investor, in the deal.

July 24, 2017

Midwest Missouri Retail

Christie Development Breaks Ground on $63M Phase II of Belton Gateway in Belton, Missouri

by Kristin Harlow July 24, 2017

BELTON, MO. — Christie Development has broken ground on the $63 million second phase of construction for the Belton Gateway in Belton, about 20 miles south of Kansas City. The retail property consists of more than 182,000 square feet of developable space. Infrastructure, pad site preparation and road reconstruction are underway, with the first restaurant slated to open later this year and five new retailers set to open in early 2018. The future home of Kneaders Bakery & Cafe is under construction on the southeast corner of the 47-acre, $136 million mixed-use development. Ross Dress for Less, Marshalls, Party City, Petco and Five Below will also open at the property. Phase I construction included a 58,000-square-foot Academy Sports + Outdoors, a 55,000-square-foot Hobby Lobby and two multiple-tenant retail buildings that are home to Belton Family Dental Care, Fazoli’s and Cricket Wireless.

July 24, 2017

Retail Texas

EDGE Brokers Sale of 12,205 SF Retail Asset in Plano

by Taylor Williams July 24, 2017

PLANO, TEXAS — EDGE Realty Capital Markets has brokered the sale of a 12,205-square-foot, two-tenant retail property located at the intersection of Dallas North Tollway and West Park Boulevard in Plano. The property is leased to Mattress Firm and Elite Care ER. Stroud Arthur of EDGE represented the seller, G Whis/Park Place LLC, in the transaction.

July 24, 2017

Retail Southeast Tennessee

Branch Properties Acquires 192,624 SF Kroger-Anchored Shopping Center in Metro Memphis

by Camren Skelton July 21, 2017

BARTLETT, TENN. — Atlanta-based Branch Properties LLC has acquired Bartlett Towne Center, a 192,624-square-foot, Kroger-anchored shopping center located at 6045 Stage Road in Bartlett, roughly 13 miles east of Memphis. Jim Hamilton and Richard Reid of HFF marketed the property on behalf of the seller, Houston-based Weingarten Realty Investors. The sales price was not disclosed. At the time of sale, Bartlett Towne Center was 94 percent leased to tenants including Petco, Dollar Tree, Shoe Carnival, Rent-A-Center, Sally Beauty, FedEx and Mattress Firm, among others.

July 21, 2017

Loans Retail Texas

Starwood Provides $35.8M in Financing for Seven Retail Properties in Texas

by Taylor Williams July 21, 2017

SAN ANTONIO, MIDLAND AND ODESSA, TEXAS — Starwood Capital Group has arranged $35.8 million in financing for seven retail properties located in San Antonio, Midland and Odessa. The portfolio spans 308,328 square feet and is 95 percent leased, collectively. Todd McNeill of Metropolitan Capital Advisors Ltd. arranged the fixed-rate loan, which features a fixed 5.45 percent interest rate and a 30-year amortization schedule, on behalf of the borrower, a tenants-in-common partnership.

July 21, 2017

California Mixed-Use Multifamily Retail Western

Trammell Crow Residential, KTGY Break Ground on $135M Mixed-Use Project in Oakland

by Nellie Day July 21, 2017

OAKLAND, CALIF. — Trammell Crow Residential and KTGY Architecture + Planning have broken ground on Alexan Webster, a mixed-use development being built on a parking lot at 2330 Webster St. in the Lake Merritt neighborhood of Oakland. Designed by KTGY, the 1.4-acre redevelopment project will feature a 234-unit apartment community, 15,000 square feet of street-front retail space and a public and residential parking garage. The $135 million sustainable development will also feature 5,000 square feet of indoor amenity and leasing office space, as well as a lap pool, business center, 24-hour fitness center, outdoor kitchen, bicycle repair center and storage and a rooftop deck. The residential component will feature a mix of studio, one- and two-bedroom apartments ranging in size from 610 square feet to 1,160 square feet. Completion is slated for summer 2019.

July 21, 2017

California Retail Western

Marcus & Millichap Negotiates $10.8M Sale of Shopping Center in Huntington Beach

by Nellie Day July 21, 2017

HUNTINGTON BEACH, CALIF. — Marcus & Millichap has brokered the sale of Seagate Plaza, a shopping center located at 16107 Bolsa Chica St. in Huntington Beach. Cathy Investments acquired the property from Asbury Properties for $10.8 million. Carl’s Jr., Seagate Veterinary Hospital, Classic Cleaners, Seagate Liquor & Grocery, Subway and Coastline Dental occupy the 30,234-square-foot retail plaza, which was built in 1975. Joseph Lising of Marcus & Millichap represented the buyer in the 1031-exchange transaction.

July 21, 2017

California Retail Western

Coldwell Banker Facilitates $3.8M Sale of Shops at Stater Bros in Orange

by Nellie Day July 21, 2017

ORANGE, CALIF. — Coldwell Banker Commercial Advisors (CBC Advisors) has arranged the sale of Shops at Stater Bros, a multi-tenant retail strip center located on Tustin Avenue in Orange. A local buyer acquired the retail center for $3.8 million. The property features 14,575 square feet of retail space. Scott Hook of CBC Advisors represented the undisclosed seller in the transaction.

July 21, 2017

California Retail Western

Colliers Negotiates $3.2M Acquisition of Retail, Industrial Property in Temecula

by Nellie Day July 21, 2017

TEMECULA, CALIF. — Colliers International has arranged the acquisition of a multi-tenant retail and industrial property located at 41735 Winchester Road in Temecula. Anderson Family Trust acquired the property from Winchester Group JV for $3.2 million. Redline Athletics, The Springs Community Church and All Star Promotions, among others, occupy the 27,924-square-foot building, which was fully occupied at the time of sale. Joe Brady of Colliers represented the buyer, while John Pfaffl of Jonan Property Services represented the seller in the deal.

July 21, 2017

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