Retail

PAC Acquires Harris Teeter-Anchored Center in Metro Charlotte for $14.3M

by Camren Skelton September 26, 2017

FORT MILL, S.C. — Preferred Apartment Communities (PAC) has purchased West Town Market, a 67,883-square-foot shopping center in Fort Mill, a South Carolina suburb of Charlotte, for $14.3 million. PAC acquired the asset through its wholly owned subsidiary New Market Properties LLC. Thomas Kolarczyk, Richard Reid, Ted Hill and Mike Allison of HFF represented the seller, Retail Properties of America Inc. Ed Coco and Matt Casey of HFF secured an eight-year, $9 million loan with a 3.65 percent interest rate through Nationwide Life Insurance Co. on behalf of New Market Properties. A 48,220-square-foot Harris Teeter grocery store anchors West Town Market, which is located in the Highway 160 corridor. The retail center is also home to Pizza Hut, Great Clips and The UPS Store. The acquisition of West Town Market increases New Market’s retail portfolio to 37 grocery-anchored shopping centers across seven states.

September 26, 2017

Florida Retail Southeast

Publix Buys Shopping Center Near Pensacola for $18.6M

by Camren Skelton September 26, 2017

GULF BREEZE, FLA. — Publix Super Markets Inc. has acquired Sea Shell Collections, an 87,125-square-foot shopping center in the Pensacola community of Gulf Breeze, for $18.6 million. Publix anchors the center, which was 90.5 percent leased at the time of sale to tenants including Publix Liquor, Super Cuts, RE/MAX on the Coast, Coastal Paddle Co. and Pizzaz Personalized Gifts. Brad Peterson, Whitaker Leonhardt and Michael Brewster of HFF represented the undisclosed seller in the transaction.

September 26, 2017

Retail Texas

InvenTrust Acquires 226,000 SF Grocery-Anchored Center in Metro Austin for $59M

by Taylor Williams September 26, 2017

KYLE, TEXAS — InvenTrust Properties Inc. has acquired Kyle Marketplace, a 226,000-square-foot shopping center located in the southern Austin suburb of Kyle, for approximately $59 million. Anchored by H-E-B, the center is currently leased to tenants such as Starbucks, Subway and Whataburger. The seller was not disclosed.

September 26, 2017

Retail Texas

Sterling Organization Sells 103,000 SF Shopping Center in San Antonio for $21.9M

by Taylor Williams September 26, 2017

SAN ANTONIO — Sterling Organization, a Palm Beach, Fla.-based private equity firm, has sold Grandview Shopping Center, a 103,000-square-foot, grocery-anchored shopping center in San Antonio for $21.9 million. Anchored by Sprouts Farmers Market, the center is located along Interstate 10 at Callaghan Road, just north of the Loop 410 interchange. The company originally acquired the asset in 2012 for roughly $11.1 million. The buyer was not disclosed.

September 26, 2017

Nevada Restaurant Retail Western

Planet Hollywood Resort & Casino to Open New Restaurant

by Nellie Day September 25, 2017

LAS VEGAS — Planet Hollywood Resort & Casino will debut a new restaurant concept called Café Hollywood. The redesigned space, in the former Planet Dailies location, will open as the hotel marks its 10-year anniversary this fall Created by the same team that created Planet Dailies, the 5,500-square-foot restaurant will offer a multimedia celebration of iconic Planet Hollywood moments. Open 24 hours, the Café Hollywood wine bar and lounge will offer over 40 different wine varietals. Café Hollywood also features a private dining room featuring bi-fold doors for complete privacy and the ability to accommodate up to 65 people. Planet Hollywood Resort & Casino, which is located on the Las Vegas Strip, offering 2,500 guest rooms and suites, shopping, dining, entertainment and nightlife.

September 25, 2017

Hospitality Restaurant Retail Texas

Three Restaurants, Hotel to Join 160,000 SF Retail Center in Metro Oklahoma City

by Taylor Williams September 25, 2017

YUKON, OKLA. — Hooter’s, Cheddar’s Scratch Kitchen and Arby’s will join The Market at Czech Hall, a 160,000-square-foot retail center situated along Interstate 40 in Yukon, about 17 miles west of Oklahoma City. The restaurants will occupy three different pad sites totaling about 2.2 acres. Along with the restaurants, a Sleep Inn hotel will also open on the property, which is owned by GBT Realty Corp., at various times in 2018.

September 25, 2017

Retail Texas

Marcus & Millichap Brokers Sale of 26,820 SF Retail Asset in Norman, Oklahoma

by Taylor Williams September 25, 2017

NORMAN, OKLA. — Marcus & Millichap has brokered the sale of a 26,820-square-foot, net-leased retail property located at 2590 Boardwalk St. in Norman. Vincent Knipp of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties request anonymity. The property is currently leased to Service King Collision Repair Center.

September 25, 2017

Midwest Missouri Retail

Hilliker Corp. Arranges $3.3M Sale of Retail Property in St. Louis

by Kristin Harlow September 25, 2017

ST. LOUIS — Hilliker Corp. has arranged the sale of a 28,840-square-foot retail property in St. Louis for $3.3 million. The center is located on 3.6 acres at 5228 and 5240 South Lindbergh Blvd. Outback Steakhouse is the primary tenant at the property. Frank Yocum of Hilliker Corp. represented the seller, NICO Properties I LLC. Stephen F. Bahn Commercial Real Estate represented the buyer, DLJ Lindbergh LLC.

September 25, 2017

Retail Texas

Phillips Edison Acquires 55,400 SF Grocery-Anchored Shopping Center in Metro Fort Worth

by Taylor Williams September 22, 2017

MANSFIELD, TEXAS — Phillips Edison Grocery Center REIT II, an affiliate of Phillips Edison & Co., has acquired Mansfield Market Centre, a 55,400-square-foot, grocery-anchored shopping center in the southern Fort Worth suburb of Mansfield. The center is currently leased to tenants such as Dunkin’ Donuts, Firehouse Subs, Brain Balance and Smoothie King. The seller was not disclosed.

September 22, 2017

Indiana Loans Midwest Retail

CBRE Arranges $3.1M Refinancing of Retail Property in Indianapolis

by Kristin Harlow September 22, 2017

INDIANAPOLIS — CBRE has arranged a $3.1 million loan for the refinancing of Cherry Tree Crossing in Indianapolis. The 13,400-square-foot retail property is home to tenants such as QDoba Mexican Grill, Gentle Dentist and T-Mobile. Jason Brown and Dan Gable of CBRE arranged the 10-year loan, which includes a 30-year amortization schedule. EverBank provided the loan for the undisclosed borrower.

September 22, 2017

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