SANDY SPRINGS, GA. — Bellwether Enterprise Real Estate Capital LLC has closed the $5.2 million refinance for Sandy Springs Village, a 40,944-square-foot shopping center located in Sandy Springs, a northern suburb of Atlanta. Built in 1977 on a 4.1-acre site, the property is leased to tenants such as Goodwill, Crossfit Perimeter and Huey Luey’s Mexican Restaurant, which is currently building out its restaurant.
Today we have a choice in virtually every retail segment, and choosing a place for your favorite workout is no different. Specialty health clubs are a growing trend in Chicago, ranging from cycling at Flywheel or SoulCycle to high-impact cardio and weights at Shred415, Orange Theory or Barry’s Boot Camp. You can take ballet-inspired classes at Pure Barre, The Bar Method, Daily Method or The Barre Code, or yoga at Core Power Yoga, Yoga Six or Yoga By Degrees. You can even take rowing classes at GO Row or practice wake boarding with ChicagoSUP. But classes are not cheap, ranging from $20 to $30 per visit to unlimited yearlong memberships for $1,900. Despite the high price tag, these types of workouts are increasingly popular. While a full-service health club offers much more than just one type of workout, specialty fitness does just that — it specializes. Unique features These fitness classes focus on just one exercise, making the classes more challenging and better with teachers who are experts. They also provide different levels of classes compared with a gym, which may only offer one yoga, weight or spin class. Specialty fitness spaces are smaller than a full-service health club, but …
ARVADA, COLO. — Pinnacle Real Estate Advisors LLC has arranged the $4.1 million sale of Indiana Marketplace, a 14,738-square-foot shopping center located in the Denver suburb of Arvada. The property is located at 14805-14807 W. 64th Ave. Jeff Johnson and Matt Ritter of Pinnacle represented the undisclosed 1031 exchange buyer in the transaction.
ROSSFORD, OHIO — NAI Harmon Group has unveiled plans to develop the Rossford Entertainment District, an upscale hotel and retail complex that will be connected to the Hollywood Casino in Toledo via an aerial gondola. The project will cost between $75 million and $85 million, according to The Toledo Blade, and will contain 100,000 square feet of retail space and a 150-room hotel with conference space and an outdoor pool. The project, to contain about 25 shops, will be situated on roughly 20 acres. Construction will start in the fall of 2017.
LITTLE ELM, TEXAS — Venture Commercial Real Estate has represented Round Rock-based Flix Brewhouse in connection with the opening of the company’s first north Texas location at Main Marketplace in Little Elm. The Flix Brewhouse concept combines movies, craft beer and high-quality food served in-theater. Flix Brewhouse operates locations in Round Rock, Des Moines, Iowa and Carmel, Ind., with another under construction in Albuquerque, N.M. The 35,000-square-foot location in Little Elm is expected to open in early summer 2017 on the northwest corner of FM 423 and Main Street. Venture’s Chris Corbin and Bob Moore represented Flix Brewhouse, while David Levinson of The Retail Connection represented the landlord.
DALLAS — Capital Pacific has a Home Depot location in Dallas. Capital Pacific, in partnership with Legend Partners, represented Denver-based Broe Real Estate Services in the sale of the Dallas Home Depot store, a 163,545-square-foot facility, for $19.5 million.
HOUSTON — Hand & Stone Massage and Facial Spa has signed two leases in the Memorial and Cinco Ranch areas of Houston. The Hand & Stone Massage and Facial Spa – Memorial opened earlier this month within the Lantern Lane Shopping Center at 12510 Memorial Drive. The Hand & Stone Massage and Facial Spa – Cinco Ranch at Stableside will open within the Stableside at Falcon Landing Shopping Center in 2017. Hand & Stone Massage and Facial Spa has over 275 locations nationwide with another 100 in development. Lindsey McKean of The J. Beard Real Estate Co. represented the tenant in both locations, and she has represented the tenant with all other franchise leases in the Houston area. Bruce Wallace of Edens represented the landlord internally at Lantern Lane. Brad Elmore and Austin Alvis of Newquest Properties represented the landlord at Stableside at Falcon Landing.
WASHINGTON, D.C. — The JBG Cos. and Malrite Co. are working together to develop a new and expanded International Spy Museum at L’Enfant Plaza in Washington, D.C. Cleveland-based Malrite created and founded the International Spy Museum, and The JBG Cos. owns the majority of L’Enfant Plaza and will act as the owner’s representative during the construction period of the new 140,000-square-foot museum. The property will be situated outside of L’Enfant Plaza and will feature a glass curtain wall and an enclosed black box layout on the interior. London-based architect Rogers Stirk Harbour + Partners designed the building, and Washington-based Hickok Cole Architects will be the architect of record for the project. The museum showcases the world’s largest collection of international espionage-related artifacts and features an interactive exhibition highlighting the villains in the James Bond movies. The museum is expected to create more than 300 construction jobs and generate a 20 percent increase in staff over its current location at 800 F St. N.W. in Washington, D.C. The new building is expected to open in spring 2018.
NEW YORK CITY AND WESTCHESTER COUNTY, N.Y. — Paradigm Commercial Real Estate has closed five loans totaling $30 million secured by 20 retail centers in the Bronx and Westchester County. A Connecticut-based private family owns the properties, many of which are occupied by small single-tenant users, including an on-site dry cleaner facility. The loans, which were provided by a regional bank, are fully non-recourse and feature a 30-year amortization schedule.
WASHINGTON, D.C. — A partnership between KeyBank Real Estate Capital and an affiliate of Walton Street Capital LLC have originated a $196 million first mortgage loan for Douglas Development Corp. The loan is secured by The Atlantic Building, a 280,000-square-foot trophy office building with ground-floor retail located in the east end of Washington D.C. The 10-year, fixed-rate loan includes a 65 percent loan-to-value ratio and refinances the existing debt on the property. KeyBank and Walton Street will provide servicing and advisory services for the life of the loan. The Atlantic Building is located at 950 F St. N.W. The property integrates seven historic buildings and facades with a 10-story office building next to Ford’s Theatre, the site where President Abraham Lincoln was assassinated in 1865. Built in 1887, the building was the city’s first privately constructed high-rise with elevator service. The historic exteriors have since been preserved and incorporated into the modern version of the property, which was redeveloped between 2004 and 2006. The Atlantic Building includes 283,512 rentable square feet, of which 29,172 square feet is retail and 35,340 square feet is office. In addition, there are 322 below-grade parking spaces and Metro access from the red, blue and …
