Retail

Eastern Union Funding Arranges $4.8M in Refinancing for Mixed-Use Property in Tribeca

by Amy Works August 9, 2016

NEW YORK CITY — Eastern Union Funding has arranged a $4.8 million loan for the refinancing of a five-story, mixed-use brownstone in Tribeca. The borrowers are two private owners. Located at 78 Franklin St., the property has undergone a $2 million renovation, which gutted the 2,000-square-foot apartments, upgraded the lobby, hallways and façade, and new stairs, elevator, HVAC and roof. The property’s commercial tenant is Aqua Studio, an underwater cycling studio. David Betesh and Ted Matalon of Eastern Union arranged the financing, which was provided by First American International Bank.

August 9, 2016

Dicks-Sporting-Goods-Willowbrook-Mall-2000-Willowbrook-Drive-Houston

Retail Texas

Dick’s Sporting Goods Plans to Open Six Metro Houston Stores This Fall

by Haisten Willis August 9, 2016

HOUSTON — Dick’s Sporting Goods plans to open six stores this fall for its entrance into metro Houston. The sporting goods retailer will open 105,000-square-foot stores at the Shoppes at ParkWest, located at 24600 Katy Freeway in Katy, and at Baybrook Mall at 1132 Baybrook Mall Drive in Friendswood. Traditional single- and bi-level stores will open in Deerbrook Mall at 20131 Highway 59 N. in Humble; First Colony Mall at 16535 Southwest Freeway in Sugar Land; The Woodlands Mall at 1201 Lake Woodlands Drive in The Woodlands; and at Willowbrook Mall at 2000 Willowbrook Drive in Houston. The stores range from 50,000 square feet to 83,000 square feet. The Pittsburgh-based chain operates more than 645 stores in 47 states.

August 9, 2016

Industrial Multifamily Office Retail Texas

Coldwell Banker Commercial Alliance DFW Inks Merger with Coldwell Banker Affiliates

by Haisten Willis August 9, 2016

ARLINGTON, TEXAS — Coldwell Banker Commercial (CBC) Alliance DFW has joined in the recent merger of the two largest CBC affiliates in the nation. Going forward, the brokerage firm will be called Coldwell Banker Commercial Advisors (CBC Advisors). The merger enables the local affiliate to expand its presence. Among other expansions, CBC Advisors has acquired a Houston office. Senior management in metro Dallas includes chief operating officer Carol Coffman-Sosebee and Theron Bryant, principal of the Fort Worth office. The brokerage team consists of 12 professionals with more than 100 years of combined commercial real estate experience in office, industrial, medical, land and retail, along with seven support staff. The firm is headquartered at 255 N. Center St. in Arlington, and has a Fort Worth office at 1300 S. University Drive. The Dallas office has just completed the process to join the network, which totals 30 offices nationally.

August 9, 2016

Maryland Retail Southeast

Greysteel Brokers $28.6M Sale of Grocery-Anchored Shopping Center in Baltimore

by John Nelson August 9, 2016

BALTIMORE — Greysteel has arranged the $28.6 million sale of Catonsville Plaza, a nearly 280,000-square-foot grocery-anchored shopping center located at 5457 Baltimore National Pike in Baltimore. The property was 99 percent leased at the time of sale to tenants such as Shoppers Food Warehouse, Dollar General, Planet Fitness, Planet Aid, Merchant’s Tire & Auto Centers, Forman Mills, Salontra Suites, DaVita Dialysis, Dunkin’ Donuts, Subway and Metro PCS. Gil Neuman led Greysteel’s retail team in representing the seller, an affiliate of Hutensky Capital Partners, and procuring the buyer, Mosaic Realty Partners.

August 9, 2016

Mixed-Use Office Restaurant Retail Texas

SHOP Cos. Brokers $23.7M Sale of Mixed-Use Development in Richardson

by Haisten Willis August 8, 2016

RICHARDSON, TEXAS — SHOP Cos. has brokered the $23.7 million sale of Eastside, a 67,071-square-foot mixed-use retail and office property in Richardson. Eastside is located at the intersection of Campbell Road and U.S. 75. The property was 93.9 percent leased at the time of sale to tenants including 7-Eleven, Panera Bread, Scottrade, T-Mobile, Jersey Mike’s, Frost National Bank and Sport Clips. Tommy Tucker and Tim Axilrod of SHOP Cos. represented the seller, SG Retail Development Partners, a Dallas-based limited partnership, and procured the buyer, Retail Properties of America Inc., an Illinois-based corporation.

August 8, 2016

Retail Texas

The Woodmont Co. Arranges 23,798 SF Retail Lease in Beaumont

by Haisten Willis August 8, 2016

BEAUMONT, TEXAS — The Woodmont Co. has completed a 23,798-square-foot lease with Tuesday Morning at Parkdale Place, a 225,000-square-foot retail center located at 4150 Dowlen Road in Beaumont. Karen Mitchell of The Woodmont Co. represented the landlord, and Jonathan Hicks of SRS Real Estate Houston represented Tuesday Morning. Lowes Home Improvement anchors Parkdale Place, which includes four separately owned mid-size retail boxes and outparcels. The property is located on Dowlen Road across from Parkdale Mall.

August 8, 2016

Florida Retail Southeast

Walmart Supercenter Opens at Butler North Shopping Center in Gainesville

by John Nelson August 8, 2016

GAINESVILLE, FLA. — Wal-Mart Stores Inc. has relocated its Walmart Supercenter store from Butler Plaza to Butler North, a power shopping center that Butler Enterprises is developing along Clark Butler Boulevard in Gainesville. The new Walmart Supercenter is one of several retailers opening at Butler North this month. Butler North is currently 92 percent leased to tenants such as Sam’s Club, Dick’s Sporting Goods, Five Below, Lowes Home Improvement, Marshalls, Orangetheory Fitness and Longhorn Steakhouse. Butler Enterprises is also underway on Butler Town Center, an adjacent 350,000-square-foot pedestrian-oriented mixed-use project along Archer Road and I-75. Upon completion in 2018, the entire Butler development will span nearly 2 million square feet on 267 acres.

August 8, 2016

California Retail Western

Marcus & Millichap Arranges $13.6M Sale of Shopko in Redding

by Nellie Day August 8, 2016

REDDING, CALIF. — Marcus & Millichap has arranged the $13.6 million sale of a 94,418-square-foot Shopko located in Redding. The property is located at 55 Lake Blvd., less than a half-mile from Interstate 5. Glen Kunofsky and Mike James of Marcus & Millichap represented the undisclosed seller in the transaction.

August 8, 2016

California Retail Western

Faris Lee Investments Negotiates $6M Sale of Retail Property in Upland

by Nellie Day August 8, 2016

UPLAND, CALIF. — Faris Lee Investments has arranged the sale of a single-tenant retail property located at 685 W. Foothill Blvd. in Upland. Sunrz Holdings acquired the 33,350-square-foot property from Mission Plaza Properties for $6 million, or $180 per square foot. The freestanding building is occupied by 24 Hour Fitness. Jeff Conover of Faris Lee represented the seller in the deal.

August 8, 2016

California Retail Western

Cushman & Wakefield Negotiates $5.2M Sale of Multi-Tenant Retail Property

by Nellie Day August 8, 2016

CORONADO, CALIF. — Cushman & Wakefield has arranged the sale of a multi-tenant retail property located at 820-826 Orange Ave. in Coronado. 820 Orange Ave LLC acquired the 12,801-square-foot property from The Siegel Trusts for $5.2 million. Built in 1952, the property is anchored by Coronado Village Theaters. Andrew Peterson of Cushman & Wakefield represented the seller and buyer in the transaction.

August 8, 2016

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