Retail

Ross Stores Opens 28 New Locations

by Nellie Day March 29, 2016

DUBLIN, CALIF. — Ross Stores recently opened 22 Ross Dress for Less® and six dd’s DISCOUNTS stores across 15 states in February and March. These new locations are part of the company’s 2016 expansion plans to add approximately 70 Ross and 20 dd’s DISCOUNTS locations throughout the year. “These recent openings reflect our ongoing plans to continue building our presence in both existing and newer markets, including the Midwest for Ross, and expansion of dd’s DISCOUNTS,” says Jim Fassio, president and chief development officer. “Ross Dress for Less remains the largest off-price apparel and home fashion chain in the U.S with 1,295 locations in 34 states, the District of Columbia and Guam. We continue to identify plenty of domestic growth opportunities ahead for both Ross and dd’s DISCOUNTS, and believe that over the long term, Ross can grow to 2,000 total locations and dd’s DISCOUNTS can become a chain of 500 stores.” Ross Stores, Inc. is headquartered in Dublin, Calif.

March 29, 2016

Arizona Retail Western

HFF Arranges $6.3M in Acquisition Financing for Grocery-Anchored Center in Mesa

by Nellie Day March 29, 2016

MESA, ARIZ. — HFF has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot, grocery-anchored retail center located in Mesa. Basha’s anchors the center, which is home to tenants including Big 5 Sporting Goods, Denny’s, Dollar General, Golden China, Sunrise Daycare, US Nail Spa, Edward Jones, Papa John’s Pizza and H&R Block. Greg Brown of HFF worked on behalf of the borrower, Progression REI, to place the 10-year, fixed-rate loan with Wells Fargo Bank.

March 29, 2016

Retail Texas

EDGE Realty Partners Arranges Retail Lease for T.J. Maxx in Metro Houston

by Haisten Willis March 29, 2016

HUMBLE, TEXAS — T.J. Maxx has signed a new 22,000-square-foot lease for a store in Westlake Marketplace, a shopping center located at Beltway 8 and West Lake Houston Parkway in Humble. Culver Stedman of EDGE Realty Partners represented the tenant, and Carson Wilson of Fidelis Realty Partners represented the landlord.

March 29, 2016

North Carolina Retail Southeast

Unison Realty Partners Acquires Shopping Center in Chapel Hill

by John Nelson March 29, 2016

CHAPEL HILL, N.C. — Unison Realty Partners has purchased Chatham Crossing, a 96,155-square-foot neighborhood shopping center in Chapel Hill. The property was 90 percent leased at the time of sale to tenants such as Lowes Foods and CVS/pharmacy. Unison Realty’s plans for the property include stabilizing existing tenants, updating the façade of the building and leasing up the shopping center’s remaining vacancies. Berkeley Capital Advisors brokered the acquisition. Chatham Crossing is Unison Realty’s first acquisition in North Carolina.

March 29, 2016

Midwest Ohio Restaurant Retail

SRS Real Estate Partners Brokers Sale of Net-Lease Retail Property in Columbus

by Christina Cannon March 29, 2016

COLUMBUS — SRS Real Estate Partners has brokered the sale of a retail property net leased to Champps Americana Restaurant in Columbus for an undisclosed price. The 10,582-square-foot restaurant is situated on two acres at 3993 Morse Crossing. Pickerington Square LP purchased the property, which is an outparcel to a power center. Kyle Stonis, Pierce Mayson, John Topping Jr. and Brad Gibbs of SRS Real Estate Partners represented the sellers, a group of tenant-in-common co-owners, in the transaction. The buyer was self represented.

March 29, 2016

California Retail Western

American National Investments Acquires Restaurant Building in San Diego for $2.3M

by Nellie Day March 28, 2016

SAN DIEGO — American National Investments has acquired a restaurant building located at 369 10th Ave. in downtown San Diego’s East Village neighborhood. The 4,000-square-foot asset sold for $2.3 million. The buyer plans to operate a restaurant at the two-story property. Retail Insite represented the undisclosed seller in the transaction.

March 28, 2016

California Retail Western

NGKF Arranges $3.7M Lease with Phenix Salon Suites in Santa Ana

by Nellie Day March 28, 2016

SANTA ANA, CALIF. — Newmark Grubb Knight Franck has arranged a new lease with Colorado Springs, Colo.-based Phenix Salon Suites. Phenix Salon Suites will occupy 7,000-square-foot at the newly constructed, single-tenant retail building. The new salon will open in September 2016. The 15-year lease is valued at $3.7 million. Randee Stratton of NGKF represented Phenix Salon Suites. The landlord is an entity of Red Mountain Retail Group.

March 28, 2016

California Retail Western

Dick’s Sporting Goods Coming to Del Amo Fashion Center in Torrance

by Nellie Day March 28, 2016

TORRANCE, CALIF. — Simon Property Group has signed Dick’s Sporting Goods as an anchor for Del Amo Fashion Center in Torrance. The two-level, 83,000-square-foot store will be the largest Dick’s prototype store for its new design. The store will be located on the south portion of the center on the second and third levels of the former Macy’s, which was consolidated from three stores to two units last summer. The new Dick’s Sporting Goods is slated to open in spring 2017.

March 28, 2016

Retail Texas

Baker Katz Breaks Ground on 33,000 SF Retail Development in Houston

by Haisten Willis March 28, 2016

HOUSTON — Houston-based Baker Katz has broken ground on the redevelopment of two buildings totaling 33,000 square feet on a 4.5-acre tract. Baker Katz purchased the property in summer 2015 with plans to add new signage, update the parking lot and renovate the two buildings located near the cross streets of FM 1960 and West Lake Houston Parkway. Verizon Wireless will join the tenant mix in a 4,000-square-foot building. The 15 tenants currently occupying space will remain open during construction.

March 28, 2016

Retail Texas

Three Retailers to Join The Shoppes at Cinco Ranch in Metro Houston

by Haisten Willis March 28, 2016

KATY, TEXAS — Thor Equities has leased a total of 6,800 square feet of space at The Shoppes at Cinco Ranch in Houston to three separate retailers. Iron Tribe Fitness, a gym franchise with more than 60 locations in 15 states, has signed a long-term lease for 4,200 square feet of ground-level space. Great Clips also signed a long-term lease for more than 1,000 square feet, while Nails of America is leasing over 1,600 square feet of space. All three businesses are scheduled to open this summer. Thor recently announced Lowe’s Cos. will build a 100,000-square-foot home improvement store at The Shoppes at Cinco Ranch, with Thor developing retail stores and restaurant spaces throughout the remainder of the 35-acre property. Located in Katy, The Shoppes at Cinco Ranch is accessible via the Westpark Tollway and bisected by Spring Green Boulevard, with parking and sidewalks throughout the property.

March 28, 2016

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