LEAGUE CITY, TEXAS — Marcus & Millichap has closed the sale of Westover Plaza, a 50,962-square-foot shopping center located at 6011 W. Main St. in League City, about 25 miles southeast of Houston. Justin Miller, Derek Hargrove and Davis Hansen of Marcus & Millichap represented the seller, a local developer. The name and representative of the buyer, a private investor, were not disclosed.
ADDISON, TEXAS — Retail Solutions, a Texas-based brokerage firm, has negotiated a 10,641-square-foot lease at Addison Preschool, located at 14450 Marsh Lane in Addison, a northern suburb of Dallas. Brian Sladek and Chris Flesner of Retail Solutions represented the landlord, an undisclosed party. Riis Christensen of Transwestern represented the tenant, ELS Language Centers, which offers English language classes to people all over the world.
FLORHAM PARK, N.J. — A new Pastosa Ravioli restaurant has opened in Regency Plaza at 186 Columbia Turnpike in Florham Park. With stores already open in New York City, Cranford and Manalapan, N.J., the Florham Park location became Pastosa’s 11th overall. Pastosa is a family-owned business specializing in ravioli and specialty Italian products, sauces, mozzarella cheese and prepared foods. Alison Horbach of Ripco Real Estate identified the location and brokered the transaction on behalf of Pastosa. Florian Suserman, also of Ripco, represented the owners of Regency Plaza.
SAN DIEGO — Petco, a San Diego-based pet supplies retailer, has announced plans to open 12 new storesduring March 2017. Each new store will offer dog training areas, adoption centers and grooming salons. New store locations include Denver and Marana, Ariz. Petco has more than 1,500 Petco and Unleashed by Petco locations across the United States, Mexico and Puerto Rico.
DECATUR, GA. — Sprouts Farmers Market has opened its newest 30,000-square-foot store at 2551 Blackmon Drive in Decatur, a suburb of Atlanta in DeKalb County. The Phoenix-based natural and organic grocer plans to open two other stores in metro Atlanta: a Tucker location that will open in April and a Woodstock store that will open in June. With these three new stores, Sprouts will have a total of 16 locations in the metro Atlanta area. The grocer currently operates more than 250 stores in 13 states.
MAPLEWOOD, MO. — OMG Soccer has signed a 5,800-square-foot retail lease in Maplewood, a western suburb of St. Louis. The Los Angeles-based soccer company will occupy the space at 2171 S. Big Bend starting this month. The building was previously home to Miriam Switching Post, a non-profit organization that sold gently used furniture. OMG Soccer will sell soccer equipment and clothing, and plans to open several other stores in the St. Louis area. Patrick McKay of Hilliker Corp. represented the landlord, 2171 Big Bend LLC, and the tenant in the lease transaction.
FARGO, N.D. — Vanity Shop of Grand Forks is shuttering all 137 of its Vanity stores throughout 27 states. Tiger Capital Group is conducting the going-out-of-business sale, which is now underway. The Fargo-based clothing store has roots dating back to the 1950s. The announcement follows the company’s filing for Chapter 11 bankruptcy protection on March 1 in the U.S. Bankruptcy Court for the District of North Dakota. The chain offers discount women’s and children’s apparel and accessories. The heaviest concentration of stores is in the Midwest, particularly Minnesota, Iowa, Wisconsin and Ohio. The stores average 3,000 square feet in size and are mostly located in malls. “The company’s difficult decision to close all stores is emblematic of the pressures facing mall-based specialty apparel retailers in the wake of ever-increasing competition from big-box ‘fast fashion’ chains and e-commerce sites,” says Michael McGrail, COO of Tiger Group. Tiger will also liquidate store fixtures and equipment, as well as furniture, fixtures and equipment from the company’s distribution centers. — Nellie Day
CLAREMONT, CALIF. — GPI Cos. and LStar Communities have begun construction on a 365 by Whole Foods Market located at Sycamore Hills Plaza, an 80,000-square-foot shopping center located within the master planned community of Sycamore Hills in Claremont. The Sycamore Hills store will be the first 365 location in Southern California’s Inland Empire. Tenants set to open at Sycamore Hills Plaza include CVS/pharmacy, Starbucks Coffee, MOD Pizza, Orangetheory Fitness, Arby’s, Supercuts and Lee Spa Nails. The property is scheduled for completion in late 2017. JLL’s Scott Kaplan, Erik Westedt and Blake Kaplan, along with Dan Samulski and Ryan Gast of CBRE, are handling leasing at the center.
BRAWLEY, CALIF. — Duhs Commercial has arranged the $7.3 million sale of Rio Vista Plaza, a 68,000-square-foot shopping center located in Brawley. Vons supermarket shadow-anchors the center, which is home to tenants including Rite Aid, Imperial Hardware, Snap Fitness and Subway. Craig Duhs and Rob Bloom of Duhs Commercial represented both the buyer, Grand Host Inc., and seller, Rio Vista Partners, in the transaction.
FORT WORTH, TEXAS — The Vitorino Group has completed the sale of Magnolia Park Center, a 13,626-square-foot retail property located at 5408 Basswood Blvd. in Fort Worth. The center was 88 percent occupied at the time of sale. Bryce Gissler and Anthony Pucciarello of the Vitorino Group represented the buyer in the transaction, and Jason Vitorino, also with the Vitorino Group, represented the seller. Both parties are undisclosed private investors.
