DALLAS AND PLANO, TEXAS — DuWest Realty has arranged two retail leases totaling 27,716 square feet in Dallas and Plano. In the first lease, The Knead Medmassage leased 11,141 square feet at Broadstone Galleria at 13465 Inwood Road in Dallas. Scott Rodgers and Taylor Cluff of DuWest represented the landlord, CH Realty, in the deal. In the second deal, Kawaii America Piano Co. leased 16,302 square feet at Village at Collin Creek Shopping Center in Plano. Rodgers and Joe Radice of DuWest represented the landlord, Madison Partners, in the transaction.
NEW YORK CITY — Cushman & Wakefield has originated a $57.5 million loan on behalf of Chris Xu of United Construction & Development Group for the acquisition of a mixed-use development site located at 39-08 Janet Place in the Flushing neighborhood of Queens. ACORE Capital provided the loan, and Morris Betesh of Cushman & Wakefield handled the transaction. The waterfront site offers 780,446 buildable square feet of residential, retail and office space.
WINCHESTER, VA. — KLNB Retail’s investment sales group has brokered the $15.9 million sale of Pleasant Valley Marketplace, a 104,703-square-foot retail center located at 2021-20165 S. Pleasant Valley Road in Winchester. Andy Stape and Vito Lupo of KLNB Retail represented both the seller, Pleasant Valley Marketplace LLC, and the undisclosed 1031 buyer in the transaction. Built in 1995, Pleasant Valley Marketplace was fully leased at the time of sale to tenants such as Hobby Lobby, Staples, Dollar Tree, Jimmy John’s, Cici’s Pizza and Verizon Wireless.
GAINESVILLE, GA. — Franklin Street has brokered the $11 million sale of Robson Crossing, a Publix-anchored shopping center located at 3446 Winder Highway in Gainesville, roughly 40 miles northeast of Atlanta and minutes from Lake Lanier. Since opening in 1998, Robson Crossing has maintained an occupancy rate at or above 90 percent. The 99,170-square-foot center’s current tenant roster includes GNC, The UPS Store, Ace Hardware, O’Reilly Automotive, Sonic and Chick-fil-A. John Tennant and Bryan Belk of Franklin Street’s Atlanta office represented the Gainesville-based seller, Robson Crossing LLC, in the transaction. The buyer, Ontario, Canada-based SUSO 3 Lovingston LP, plans to upgrade the center and extend the lease with Publix.
KANSAS CITY, MO. — The Roasterie has signed a 1,538-square-foot retail lease at Corrigan Station, a mixed-use project under construction in Kansas City. Copaken Brooks and 3D Development are the project’s co-developers. The Roasterie Café, which offers coffee, tea and pastries, will be located on the first floor. Construction of the café is slated for completion in March 2017. This is the second retail tenant announced for the historic building since construction began on the project. Corvino Supper Club and Tasting Room, a new concept by chef Michael Corvino, was announced earlier this summer and will be the only other tenant occupying the first floor. The Corrigan Station project includes the redevelopment of the historic 10-story, 110,000-square-foot Corrigan Building and approximately 40,000 square feet of new office and retail space with an adjacent parking structure. The mixed-use property is located on 19th Street connecting Walnut and Main streets in the heart of the Crossroads, the city’s art district.
BENTON HARBOR, MICH. — Mid-America Real Estate Corp. has arranged the sale of Fairplain Plaza in Benton Harbor. The 273,254-square-foot shopping center in Southwest Michigan is located at the southeast corner of Napier Avenue and Scottdale Road. Tenants include Ulta, TJ Maxx, Dollar Tree and more. Ben Wineman and Bran Rosenberg of Mid-America represented the seller, an institutional real estate fund managed by Coventry Real Estate Advisors. Bloomfield Hills, Mich.-based Lormax Stern Development Co. was the buyer.
NEW YORK CITY — Natixis has originated a $75 million construction loan for the development of 500 Metropolitan Avenue, a mixed-use project located at the corner of Keap Street and Metropolitan Avenue in Brooklyn’s Williamsburg neighborhood. The borrowers are Chetrit Group and Read Property Group. Once completed, the 14-story property will feature a 187-room luxury hotel on the second through seventh floors and 60 residential units on the remaining floors. Additionally, the property will feature a 15,000-square-foot retail space, a 158-space parking garage and 9,000 square feet of indoor meeting and banquet facilities. The financing was arranged by the New York office of Meridian Capital.
HAMDEN, CONN. — Press/Cuzzo Commercial Services’ Stephen Press and Ted Schaffer have completed the off-market sale of Hamden Center II, an office and retail complex located at 2321 Whitney Ave. in Hamden. Hamden Realty Associates sold the asset to HC2 LLC for $10 million. The property features 80,000 square feet of office space and 20,000 square feet of retail space. Stephen Press of Press/Cuzzo represented the seller, while Ted Schaffer, also of Press/Cuzzo, represented the buyer in the transaction.
CARTHAGE, N.Y. — Marcus & Millichap has facilitated the sale of Carefree Storage, a 53,952-square-foot self-storage facility located at 10889 State Route 26 in Carthage. A private investor sold the property for an undisclosed price. Built in 1986, the property features 443 storage units, ranging in size from 50 square feet to 200 square feet. Michael Mele, Luke Elliot and Kevin Menendez of Marcus & Millichap represented the seller, while Mele and Elliott also represented the buyer, a private investor, in the deal.
ROSEVILLE, MINN. — CBRE has secured $18 million in refinancing for Rosedale Marketplace in Roseville, north of St. Paul. The 153,400-square-foot retail property includes tenants such as Total Wine, Hobby Lobby, Cost Plus World Market and Men’s Warehouse. Doug Seylar of CBRE originated the financing. The new financing allowed the borrower to retire the existing debt on the property. The owner, Rosedale Marketplace Associates LP, is an entity affiliated with Canada-based Tanurb Development Inc., the original developer of the property that was constructed in 1989. CBRE secured a new mortgage for Rosedale Marketplace through its relationship with Morgan Stanley.