HAZEL CREST, ILL. — Baceline Investments LLC has acquired The Commons at Hazel Crest shopping center for $4 million. The Commons at Hazel Crest is located at 18220-18244 Kedzie Ave. in Hazel Crest, approximately 30 miles southwest of Chicago. Dollar Tree and CSL Plasma anchor the 51,222-square-foot shopping center. The property was built in 1972. The seller in the transaction was undisclosed.
TAMPA, FLA. — Rosemurgy Properties has purchased The Shops on South Howard, a 21,393-square-foot retail center located at 533 S. Howard Ave. in south Tampa, for $10.5 million. The property’s tenant roster includes Chipotle, Jimmy John’s, GNC, The Optic Shop and Edward Jones. Nat Scarmazzi of HFF’s Miami office represented Rosemurgy Properties in the transaction.
CONCORD, N.C. — Colliers International has brokered the $10.5 million sale of a 135,197-square-foot, freestanding Lowe’s Home Improvement store located at 940 Concord Parkway in Concord, a northern suburb of Charlotte. Built in 1999, the property currently has three-and-a-half years remaining on its 20-year lease. Jon Busse of Colliers International’s San Diego region and Greg Copps of the firm’s Charlotte office represented the seller, Carolina Emerald LLC, in the transaction. Brad Grow of Colliers International’s Charlotte office represented the buyer, Tailwind Charlotte Retail LLC, a private investment group based in Dallas.
SAN DIEGO — Voit Real Estate Services has arranged the sale of an investment property located at 2576 Clairemont Drive in San Diego. Bella Lago LLC acquired the 25,461-square-foot property from Sunshine Finance Corp. for $6 million. A 7-Eleven and Washman USA currently occupy the asset. Kipp Gstettenbauer and Ryan King of Voit Real Estate Services represented the buyer in the transaction.
LAKE FOREST, CALIF. — Newmark Grubb Knight Frank has brokered the sale of two-tenant, triple-net leased retail property located at 29100 Portola Parkway in Lake Forest. Amkly Enterprises purchased the asset from Salok CA LLC for $2.9 million. Built in 2002, the Clineva Urgent Care and Patchs Coffee fully occupy the property. David Kluver of NGKF represented the buyer in the transaction.
ALHAMBRA, CALIF. — Shea Properties has signed two new restaurants to Alhambra Place in Alhambra. Slated to open in late summer, the two restaurants will be located on the corner of Main and Garfield. Big Catch Seafood House specializes in Cajun-style cooking, and Tokyo Table is a contemporary Japenese restaurant. Sprouts Farmers Market anchors the 140,000-square-foot Alhambra Place.
KATY, TEXAS — Lowe’s Cos. will build a 100,000-square-foot Lowe’s Home Improvement store at The Shoppes at Cinco Ranch in Katy. Thor Equities is developing retail stores and restaurant spaces throughout the remainder of the 35-acre property. Current tenants at The Shoppes at Cinco Ranch include Walgreens, with Kroger and Academy Sports + Outdoors located across the street. The Shoppes at Cinco Ranch is accessible via the Westpark Tollway and bisected by Spring Green Boulevard, with parking and sidewalks throughout the property. Nearby amenities include several golf courses, more than 100 neighborhood parks, a beach club, water park and more than 100 miles of hiking and biking trails.
PROSPER, TEXAS — Kirkwood Holdings LLC has purchased 50 acres in Prosper. Wayne Burgdorf of Coldwell Banker Commercial Alliance DFW in Arlington represented the Tarrant County-based buyer that plans to hold the land until neighboring developments start to take shape, then market individual tracts or the entire parcel to mixed-use commercial or residential developers. The 50-acre site is situated in the Tollway District overlay and includes 1,500 feet of frontage along West First Street. The acreage is directly across the road from Jerry Jones’ Blue Star Land Co.’s proposed 1,000-acre Star Trails’ community, and adjacent to Matthews Southwest’s planned 157-acre business park. Just to the south, Lincoln Property Co. is under construction on the 300,000-square-foot Gates of Prosper shopping center, the first phase of a 500-acre mixed-use project, and United Commercial Development is planning a 43-acre shopping center nearby. Phil Darland, an independent broker from McKinney, represented the seller, Bell 2005 Trust.
DALLAS — Paul Vernon has been hired as executive vice president and head of Henry S. Miller Brokerage’s retail division. Vernon will oversee the retail division’s brokerage services, including landlord and tenant representation, retail and land development and property disposition, as well as income properties and land sales. Vernon brings over 30 years of commercial real estate experience to the Miller team. He started his career with Evans, Birmingham, Williamson, which later became Cornerstone Commercial Real Estate. Most recently, Vernon was executive vice president at John T. Evans Co. and director of retail development at Crest Commercial Real Estate. He began his career in project leasing and pad site sales, then transitioned to tenant representation, later adding property disposition, income sales and retail development to his responsibilities.
NEW YORK CITY — Tavros Development Partners, in partnership with Charney Construction & Development and 1 Oak Development, has acquired a development site located at 263-277 S. Fifth St. in Brooklyn’s Williamsburg neighborhood. The Dime Savings Bank of Williamsburgh sold the property for $80 million. The development offering consists of a combined four properties (263-277 S. 5th St., 262-272 S. 4th St. and 205 Havemeyer St.) and allows for a buildable envelope of approximately 230,000 square feet. The property’s zoning designation permits both mixed-use and commercial development. James Nelson, Brendan Maddigan and Matt Nickerson of Cushman & Wakefield represented the seller in the transaction.