SAN ANTONIO — California-based video subscription company Hulu will open a viewer experience operations center in San Antonio. The center, which will measure 45,000 square feet, according to the San Antonio Express-News, will serve as a customer service center to aid the rollout of the company’s new live television service and redesigned interface. The opening of the center in 2017 is expected to create at least 500 new jobs by 2018.
THE WOODLANDS, TEXAS — The Woodlands Development Co., a division of The Howard Hughes Corp., has opened its second self-storage facility at 32010 FM 2978 in The Woodlands Village of Sterling Ridge, a mixed-use development on the northern outskirts of Houston. CubeSmart, a Pennsylvania-based self-storage REIT, will manage the 784-unit facility, which features gated entry, video surveillance and free moving truck services.
GLENDALE HEIGHTS, ILL. — The Boulder Group has brokered the sale of a retail strip center anchored by Target in Glendale Heights for $3.3 million. The 5,000-square-foot building is located at 177-179 West Army Trail Road. Sleep Number and Union Bank occupy the property, which is an outparcel to the 166,000-square-foot Target store. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Midwest-based private real estate investor in a 1031 exchange. A national real estate developer was the seller.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has assisted The Ruse Escape Rooms in securing a 3,446 square-feet retail location in downtown Grand Rapids. Escape rooms are a form of interactive entertainment with engaging puzzles and challenges that promote creative thinking, teamwork and communication. The venue will occupy space on the first floor at 25 S. Division Ave. Doug Taatjes, Hillary Taatjes Woznick and Kurt Kunst of NAI Wisinski arranged the sale of the retail condo for Ruse Escape Rooms owners Steve Myers and Bill Wiegandt. The space is currently being renovated for The Ruse, which will open this fall. The seller was a local developer. “At the heart of downtown Grand Rapids and walking distance from restaurants, breweries and hotels, The Ruse is the new choice for entertainment in the city. The space is full of character and provides the perfect setting for an immersive escape room experience,” says Wiegandt.
WAUWATOSA, WIS. — Jimmy John’s has signed a 1,349-square-foot retail lease at State Street Station in Wauwatosa, about seven miles west of Milwaukee. The property is located at 7460 W. State St. Adam Dreier of Mid-America Real Estate-Wisconsin LLC represented the tenant in the lease transaction. Andrew Prater, also of Mid-America, represented the undisclosed landlord.
SANTA CLARITA, CALIF. — In an off-market transaction, Colliers International has negotiated the $69.5 million sale of Gateway Village Shopping Center in Santa Clarita. Michelle Schierberl and Donald Ellis of Colliers’ Irvine office brought the center’s seller, JH Real Estate Partners, and the buyer, private investment group Galois Group, together in the transaction. Built in 2005 and located at 28207-28313 Newhall Ranch Road, the 153,686-square-foot center is 95 percent occupied with one vacant space. Anchor tenants include LA Fitness, Smart & Final Extra, Coffee Bean & Tea, The Habit, US Bank and Lindora Medical.
GLENDORA, CALIF. — Champion Real Estate Co. has begun converting an existing grocery property into a Sprouts Farmers Market at 655 S. Grand Ave. in Glendora. The grand opening of the 30,000-square-foot Sprouts is scheduled for May 18. Champion Real Estate acquired the freestanding former grocery property in 2016 and is investing $32 million in the reconfiguration of the 85,615-square-foot property into a 70,500-square-foot, grocery-anchored retail center. There are two new retail pads in the existing parking field, plus additional supporting retail to expand the tenant base. Completion of the full property is scheduled for July. The center has received commitments for 93 percent of the space with tenants including Marshalls, Coffee Bean and Tea Leaf. JLL’s Shauna Mattis, Elizabeth Hewson and Blake Kaplan are handling leasing at the center.
POWAY, CALIF. — Lee & Associates has arranged the $1.4 million sale of a restaurant building located at 12717-12721 Poway Road in Poway. Victor Aquilina and Mario Martinez of Lee & Associates – North San Diego County represented the buyer, Pho Ca Dao, in the transaction. Mickey Roberts of Re/Max Associates represented the seller, Mogavero Giuseppa 1990 Family Trust. The acquisition of the 4,800-square-foot freestanding building is part of an expansion effort into Poway for Pho Ca Dao, which operates a chain of Vietnamese restaurants. Pho Ca Dao plans to renovate the current restaurant building.
WOODBRIDGE, VA. — The JBG Cos. has signed Alamo Drafthouse Cinema to open its second theater in northern Virginia at Stonebridge at Potomac Town Center in Woodbridge, roughly 23 miles south of Washington, D.C. Spanning eight screens and 865 seats, the dine-in movie theater chain will open next summer or early fall. JBG will develop a Town Square in front of the new theater that will include green space for events and typical park use. Austin-based Alamo Drafthouse Cinema operates 25 locations across the country, with four more to open in the near future. Other tenants at Stonebridge include Wegmans, Apple, Orvis, DSW, REI, Uncle Julio, South Moon Under, Brew Republic Bierwerks, Sushi Jim and BurgerFI.
WINTER PARK, FLA. — Sterling Organization has signed four retailers to occupy space vacated by Kmart at Center of Winter Park, a 245,000-square-foot power retail center located at the southwest corner of Orlando Avenue and Lee Road in Winter Park, a suburb of Orlando. The retailers, including Marshalls/HomeGoods, Ross Dress for Less, DSW Designer Shoe Warehouse and Five Below, will occupy approximately 95,000 square feet at the redevelopment project. Kmart closed its 91,600-square-foot store in 2014, shortly after Sterling purchased the center through its Sterling Value Add Partners LP fund. Five Below will open a 9,000-square-foot location in a newly constructed store that previously housed the Kmart Garden Center. The other three retailers will be situated within the former Kmart store. In addition to re-tenanting the center, Sterling is underway on an overhaul of the center that includes new lighting, repaved parking lot, updated landscaping, new signage and a new façade. Existing businesses at the center, such as LA Fitness and Michaels, will remain open during construction, which is expected to wrap up in the fourth quarter of this year. Office Depot is also downsizing its store from 33,000 to 19,200 square feet.