Retail

EMPI Buys Lauderdale Marketplace in Broward County for $27M

by John Nelson June 1, 2016

LAUDERDALE LAKES, FLA. — Exclusive Management and Properties Inc. (EMPI) has purchased Lauderdale Marketplace, a 265,000-square-foot retail center in Lauderdale Lakes, for $27 million. EMPI bought the property from Austin Forman and William Murphy of Lauderdale Marketplace Investments LLC. Lloyd Berger and Joe Byrnes of Berger Commercial Realty represented the seller in the transaction. Located on a 30-acre lot at the southeast corner of Oakland Park Boulevard and North State Road 7, Lauderdale Marketplace’s tenant roster includes Broward Health, YouFit Health Club, Davita Dialysis, Papa John’s, Broward Sheriff’s Office, the Department of Veteran Affairs and the Department of Highway Safety and Motor Vehicles. EMPI has retained Berger Commercial Realty to lease and manage Lauderdale Marketplace.

June 1, 2016

Georgia Retail Southeast

Bull Realty Brokers $8.4M Sale of Retail Center in Alpharetta

by John Nelson June 1, 2016

ALPHARETTA, GA. — Bull Realty has brokered the $8.4 million sale of Stone Walk at Northpoint, a 36,105-square-foot retail property in Alpharetta. The retail center is positioned near the Haynes Bridge Road entrance to North Point Mall, a 1 million-square-foot, enclosed regional mall. Stone Walk at Northpoint was 70 percent leased at the time of sale to tenants such as Guitar Center, Sola Salon and Scottrade. John Harrison and Austen Wiley of Atlanta-based Bull Realty were the only brokers involved in the deal. CH Retail Fund, a private equity fund based in Dallas, purchased the property from Shops at Stonewalk LLC.

June 1, 2016

Massachusetts Northeast Retail

Colliers Negotiates Acquisition of 500,000 SF Mill Building in Massachusetts

by Amy Works June 1, 2016

LAWRENCE, MASS. — Colliers International has brokered the acquisition of a six-story mill building located at 5 Franklin St. in Lawrence. Portland, Ore.-based Taom Heritage acquired the 500,000-square-foot property for an undisclosed price. The property is architecturally significant and the buyer views the building as a unique opportunity to participate in the revitalization of downtown Lawrence. Austin Smith of Colliers represented the buyer, while TA Sullivan Realty represented the seller, Franklin Hampshire Realty Corp.

June 1, 2016

Retail Southeast Virginia

Car Pool Car Wash in Richmond Sells for $3.6M in Sale-Leaseback Transaction

by John Nelson June 1, 2016

RICHMOND, VA. — Cushman & Wakefield | Thalhimer has brokered the $3.6 million sale of a Car Pool Car Wash located at 11950 W. Broad St. in Richmond’s Short Pump district. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the undisclosed buyer in the sale-leaseback transaction with the seller and tenant, Car Pool LLC.

June 1, 2016

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Restaurant Retail Texas

Vitorino Group Arranges Sale of Shopping Center in Plano

by Haisten Willis May 31, 2016

PLANO, TEXAS — The Vitorino Group has arranged the sale of Willow Bend Crossing, the second phase of a newly constructed shopping center located near the southwest corner of the Dallas North Tollway and Park Boulevard in Plano. Bryce Gissler of the Vitorino Group represented the seller, a Dallas-based developer. The buyer, who was self-represented, is a Dallas-based private equity fund established to acquire core plus retail throughout Texas. The property spans 6,000 square feet and the existing tenants are Ideal Dental and VERTS Mediterranean Grill.

May 31, 2016

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Restaurant Retail Texas

M&M Brokers Sale of 3,000 SF Net Leased Property in Fort Worth

by Haisten Willis May 31, 2016

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Dunkin’ Donuts, a 3,000-square-foot net-leased property located in Fort Worth. Vincent Knipp of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Dunkin’ Donuts is located at 9629 White Settlement Road, less than one-half mile from I-820. Dunkin’ Donuts has operated at this location since 2008 and recently executed a new 10-year lease extension with three five-year options to renew.

May 31, 2016

Loans Retail Texas

JLL Capital Markets Refinances Houston Shopping Center

by Haisten Willis May 27, 2016

HOUSTON — On behalf of Fidelis Realty Partners, JLL Capital Markets has completed recapitalization financing for Hedwig Village Shopping Center in Houston. John Hancock provided the 10-year, interest-only loan. Fidelis will continue to lease and manage the property. Tom Fish and Jimmy Board led the JLL team on the deal. Located on the south side of the Katy Freeway, Houston’s main east-west thoroughfare, Hedwig Village Shopping Center occupies one of the city’s most trafficked areas. The 226,933-square-foot shopping center also caters to the Hedwig Village and Piney Point neighborhoods. The fully leased asset includes anchor tenants such as Marshall’s Home Goods, Ross Dress For Less, DSW and Pier 1 Imports. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

May 27, 2016

Retail Texas

Lionstone Investments Acquires Grocery-Anchored Retail Center in Austin

by Haisten Willis May 27, 2016

AUSTIN, TEXAS — Lionstone Investments has purchased Brodie Oaks Shopping Center, a grocery-anchored retail center located in Austin, on behalf of an institutional investor. Constructed in 1983, the property occupies 31 acres at the intersection of South Lamar Boulevard and Loop 360. In addition to the 285,044-square-foot strip center, the 91.5 percent leased development includes 37,546 square feet of office space. Retail tenants include Neiman Marcus Last Call, Hobby Lobby, Tuesday Morning and Sprouts Farmers Market, among others. HFF Brokered the sale and Barshop & Oles will continue to manage the property and handle leasing transactions.

May 27, 2016

California Retail Western

Vestar Adds 1.1M SF to Management Portfolio in Southern California

by Nellie Day May 27, 2016

SAN DIEGO AND ANAHEIM, CALIF. — An institutional owner has retained Vestar as the property management firm for Clairemont Town Square in San Diego and Anaheim Hills Festival in Anaheim. Located at Clairemont Mesa Boulevard and Clairemont Drive, the 550,000-square-foot Clairemont Town Square is anchored by Vons, CVS/pharmacy, Ross Dress For Less, T.J. Maxx, Michaels, Petco and Ulta. Situated at Weir Canyon Road and Santa Ana Canyon Road, the the 567,000-square-foot Anaheim Hills Festival is occupied by Target, Pavilions, Edwards Theatres, T.J. Maxx, Hobby Lobby, Stein Mart and Pier 1 Imports.

May 27, 2016

California Retail Western

Turner Construction, Ware Malcomb Complete Hoehn Motors Audi Dealership

by Nellie Day May 27, 2016

CARLSBAD, CALIF. — Turner Construction and Ware Malcomb have completed the construction of Hoehn Motors Audi Dealership, located at 5425 Paseo Del Norte in Carlsbad. The 54,688-square-foot, full-service auto dealership features a showroom, sales offices, public lounge seating areas, retail boutique, interior care delivery room, public Quattro Café, mezzanine executive level with offices and a conference room. Additionally, the property features 28 vehicle service and wash bays, a 120-stall parking deck above the offices and showroom, and a completed parts department with a bin-supported mezzanine. Turner Construction served as general contractor, Ware Malcomb provided architecture and interior design services and The Horine Group served as project manager for the project.

May 27, 2016

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