Retail

Braves, Fuqua Reveal Eight New Concepts Coming to The Battery Atlanta Near SunTrust Park

by John Nelson May 23, 2016

ATLANTA — The Atlanta Braves and development partner Fuqua Development have revealed eight new retail, dining and entertainment concepts coming to The Battery Atlanta, a 1.5 million-square-foot mixed-use development surrounding SunTrust Park. The concepts are set to open by Opening Day 2017, when the Atlanta Braves will first take the field at their new 41,500-seat ballpark, which is situated in Cobb County near the intersection of I-75 and I-285. The new concepts include Wahlburgers, a chef-driven burger concept from Mark, Donnie and Paul Wahlberg; Kings Bowl, a retro bowling and entertainment destination; Live!, a dining and entertainment destination developed by The Cordish Cos. and and designed by Jeffrey Beers International; Goldbergs Bagel Co. & Deli, an Atlanta-based bagel and sandwich shop; Mountain High Outfitters, an outdoor specialty store; Sugarboo Designs, a household items and gifts retailer; DressUp, a women’s fashion boutique retailer; and a retail-only Harley-Davidson store. Cordish operates Live! venues at major ballparks across the country, including Xfinity Live! at the Philadelphia Flyers’ Philadelphia Stadium Complex and Ballpark Village with the St. Louis Cardinals. At The Battery Atlanta, Cordish will develop a two-level venue that will feature a 40-foot diagonal, high-definition LED screen as a back-drop for social games …

May 23, 2016

Midwest Ohio Retail

Namdar Realty Acquires 165,450 SF Retail Center in Northeast Ohio

by Christina Cannon May 23, 2016

AKRON/TALLMADGE, OHIO — Namdar Realty Group has acquired Midway Plaza Shopping Center, a 165,450-square-foot retail property in Ohio, for $1.2 million. A private investment partnership sold the center, which is located on the Akron/Tallmadge city line. The single-story property is situated on an 18.8-acre site. Current tenants at Midway Plaza include Rent-A-Center, Petra Middle Eastern Foods supermarket, Save-A-Lot, A & A Beauty Supply, Doll House, Liberty Tax Service, Appliance Mart Parts & Repair and Goodwill. Joel J. Gorjian represented Namdar in the transaction.

May 23, 2016

California Retail Western

Colliers Negotiates $18.5M Sale of PetSmart Site in Aliso Viejo

by Nellie Day May 23, 2016

ALISO VIEJO, CALIF. — Colliers International has arranged the sale of a single-tenant PetSmart location in Aliso Viejo. An Orange County, Calif.-based private investor acquired the land and building, located at 23511 Aliso Creek Road, for $18.5 million, with a 4.62 percent cap rate. The property is one of the anchor tenants for Aliso Town Center. The seller was a Los Angeles-based developer. Jereme Snyder and Eric Carlton of Colliers brokered the transaction.

May 23, 2016

California Retail Western

Retail California Brokers Three Retail Leases Totaling 7,658 SF in Hanford, Clovis

by Nellie Day May 23, 2016

HANFORD AND CLOVIS, CALIF. — Retail California, a division of Pearson Realty, has arranged three retail leases totaling 7,658 square feet. In Hanford, Pieology leased 1,800 square feet of space at 1696-B W. Lacey Blvd. from Passco Hanford Mall LLC. Lewis Smith and Michael Kennedy of Retail California brokered the deal. Also in Hanford, Blazin Wings Inc. leased 4,623 square feet at 1699 W. Lacey Blvd. from Passco Hanford Mall LLC. Smith represented the landlord, while Phil Fontes of Newmark Grubb ASU & Associates represented the tenant. In Clovis, JR’s Sports Collectibles leased 1,235 square feet of space at 695 W. Herndon Ave. in Clovis Commons Shopping Center from BRE Throne Clovis Commons LLC. Michael Arfsten of Retail California arranged the transaction.

May 23, 2016

California Retail Western

Progressive, Hanley List 99,808 SF Thomas Winery Plaza for Sale for $28.6M

by Nellie Day May 23, 2016

RANCHO CUCAMONGA, CALIF. — Progressive Real Estate Partners and Hanley Investment Group have listed Thomas Winery Plaza, a 99,808-square-foot shopping center in Rancho Cucamonga, for sale at $28.6 million. Built in 1989 and renovated in 2008, the property is more than 90 percent occupied and features a diverse mix of more than 30 national and regional/local retailers, including CVS/pharmacy, Fitness 19, Souplantation, The Flame Broiler, Klatch Coffee, Wine Tailor and Elements Massage. Brad Umansky and Frank Vora of Progressive Real Estate Partners, along with Bill Asher of Hanley Investment Group, are marketing the property on behalf of the seller, a private real estate partnership.

May 23, 2016

Loans Mixed-Use Multifamily New York Northeast Office Retail

Springhouse Partners Receives $37M Acquisition, Renovation Financing for NYC Mixed-Use Property

by Amy Works May 20, 2016

NEW YORK CITY — Springhouse Partners has received $37 million in acquisition and renovation financing for the purchase and renovation of a mixed-use property located at 51-55 Irving Place between New York City’s Gramercy and Union Square neighborhoods. Ronnie Levine and Jeff Berkes of Meridian Capital Group negotiated the three-year loan, provided by Mesa West Capital, for the buyer. The loan features full-term interest-only payments and two one-year extension options. The seven-story property totals 56 residential units, five retail spaces and one office space, as well as unused air rights. Springhouse Partners is an investment firm founded by Adam Verner in 2010.

May 20, 2016

Mixed-Use Restaurant Retail Texas

Jackson-Shaw Breaks Ground on The Oasis at Cascades at The Colony

by Haisten Willis May 20, 2016

THE COLONY, TEXAS — Jackson-Shaw has begun construction on a four-restaurant dining and entertainment experience known as The Oasis. The project is located in Cascades at The Colony. The Oasis is the newest addition to the master-planned community located in the retail and corporate headquarters corridor in north Texas. Thomas Glendenning and Chrystal Morgan with Shop Cos. are in charge of leasing the space. Jackson-Shaw developed the 100-acre, mixed-use campus of Cascades at The Colony to establish a commercial development along the north side of Sam Rayburn Tollway.

May 20, 2016

Retail Texas

Phillips Edison Grocery Center REIT II Acquires Grocery-Anchored Shopping Center in Metro Dallas

by Haisten Willis May 20, 2016

CROWLEY, TEXAS — Phillips Edison Grocery Center REIT II has purchased a grocery-anchored shopping center in the Dallas suburb of Crowley. Stone Gate Plaza is a 90,643-square-foot grocery-anchored shopping center located 15 miles south of Fort Worth. Kroger anchors the center, with other tenants including Cousin’s BBQ, Eagle Postal, Wingstop, GNC, GameStop, Pro Cuts, Styles of India and Subway.

May 20, 2016

Mixed-Use Restaurant Retail Texas

Trademark Signs Two New Tenants at WestBend, Purchases 3.5 Acres Adjacent to Project

by Haisten Willis May 20, 2016

FORT WORTH, TEXAS — Trademark Property Co. has signed two new tenants at WestBend, a 278,000-square-foot mixed-use development in Fort Worth’s University District. The two tenants, Ascension and Dear Hannah, will open this fall. Trademark has also closed on the acquisition of a 3.5-acre tract contiguous to WestBend. The acquired parcel is located on University Drive immediately south of WestBend, along the Trinity River. Conceptual planning is underway to develop additional mixed-use space featuring added ground floor retail, a hotel and multifamily units. A Hawthorn Suites occupies the site. Ascension, a Dallas Design District coffee and wine bar, will open a 2,420-square-foot store overlooking the Trinity River and Trinity Trails. Women’s clothing and accessories boutique Dear Hannah will open its third location in a 1,354-square-foot space. WestBend will be the first Fort Worth location for both tenants.

May 20, 2016

Retail Texas

M&M Arranges Sale of 23,038 SF Retail Property in Metro Dallas

by Haisten Willis May 20, 2016

HUDSON OAKS, TEXAS — Marcus & Millichap has arranged the sale of The Shops at Hudson Oaks, a 23,038-square-foot retail property located in Hudson Oaks. Philip Levy and Chris Gainey of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a developer. Levy and Gainey also secured the buyer, a private investor. The Shops at Hudson Oaks is located at 100 South Oakridge Drive. The retail center is 100 percent occupied, with all leases on a triple net basis. Hibbett Sports anchors the project, and other tenants consist of Massage Envy, Great Clips, Palio’s Pizza Café, Blue Jasmine Thai restaurant, AT&T, Leslie’s Pools, Expert Nail & Spa and Providence Title. The building was constructed in 2014 and sits on 2.7 acres. A drive-thru Wells Fargo ATM provides additional income and is the only Wells Fargo facility in Parker County.

May 20, 2016

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