LOS ANGELES, NORTH HOLLYWOOD AND SANTA CLARITA, CALIF. — illi Commercial Real Estate has arranged three leases totaling 3,264 square feet. In Los Angeles, Wing Factory leased 1,234 square feet of space at 2454 W. Pico Blvd. Gregg Offsay and Dimas Rangel of illi Commercial arranged the leased. In North Hollywood, Kids & Teens Medical Group signed a lease for 1,440 square feet of space at 7544 Laurel Canyon Blvd. Mike Payne of illi represented the tenant, while Sunil Felician De Silva represented the undisclosed landlord in the transaction. In Santa Clarita, Farmers Insurance leased 590 square feet of space at 26256 Bouquet Canyon Road. Jonathan Daniels of illi represented the tenant, while Realty Executives Valencia represented the undisclosed landlord in the deal.
NORCO AND WESTMINSTER, CALIF. — Coldwell Banker Commercial Alliance has brokered the sales of two retail properties located in Norco and Westminster. In the first transaction, a private investor acquired a 2,474-square-foot Carl’s Jr. property with Vandermolen Center on Hamner Avenue in Norco. The single-tenant asset sold for $1.2 million. In the second deal, a private 1031 exchange buyer acquired single-tenant Taco Bell property at the intersection of Magnolia Street and Edinger Avenue in Westminster. The 760-square-foot asset, which sits on a 13,681-square-foot parcel, sold for $1 million. Daniel Tyner and Scott Hook of Coldwell Banker Commercial Alliance brokered the transactions.
PALMDALE, CALIF. — Rally Auto Group has acquired a vacant auto dealership located at 421 Auto Center Drive within Palmdale Auto Center in Palmdale. Charman 25 LLC sold the 26,000-square-foot asset for $2.2 million. The buyer plans to use the site for Rally Hyundai, a new Hyundai dealership slated to open third quarter 2016. Jodi Meade of Avison Young represented the seller and buyer in the transaction.
SCRANTON, PA. — PREIT has inked a deal to bring a dual-store format concept to Viewmont Mall in Scranton. Dick’s Sporting Goods and Field & Stream will replace the existing Sears location at the mall. Sears is scheduled to close in July, with the dual-store scheduled to open for business in fall 2017. Over the past few years, PREIT has been implementing an upgrade and improvement program at Viewmont Mall, which features more than 90 retailers, and has recently signed leases with Ulta, Buffalo Wild Wings, Forever 21 and Yankee Candle.
FORT WORTH, TEXAS — The Woodmont Co., in partnership with AIL Investment LP, has received tax incentives for the proposed Outlets at Alliance project from the city of Fort Worth. The Fort Worth City Council has voted 7-1 to approve a $20 million economic incentive for The Outlets at Alliance, a Hillwood Properties entity. The 330,000-square-foot shopping mall is planned for the east side of I-35 in north Fort Worth. The incentive is a grant of 85 percent of the city’s 1 percent sales tax if the project reaches $100 million in investment.
ATLANTA — Charlotte-based FCA Partners has announced three new tenants joining The Exchange, a 44,500-square-foot retail center in Atlanta’s Buckhead district. The new tenants joining the previously announced Storico Fresco Pasta and YEAH! Burger include SculptHouse, Kohler Signature Showroom and Kale Me Crazy. SculptHouse, a boutique fitness destination, will occupy 3,600 square feet; Kohler Signature Showroom, a home furnishing store, will occupy 7,100 square feet at the “elbow” of the property along the connecting paseo; and Kale Me Crazy will occupy 1,300 square feet for its newest superfood café. The project is a redevelopment of the former Buckhead Exchange. FCA Partners expects for construction on the redevelopment to wrap up this month. Stephanie McCall of The Shopping Center Group is The Exchange’s exclusive leasing agent.
CAPE CORAL, FLA. — Stiles Realty has signed Starbucks Coffee and Chipotle Mexican Grill to lease outparcel space at Coralwood Center, a 349,205-square-foot retail center located at 2301 S. Del Prado Blvd. in Cape Coral. The two tenants will open at the 6,038-square-foot outparcel this fall. The retail center is currently 73 percent leased to tenants such as Ulta Beauty, LA Fitness, Bealls Outlet, JC Penney, Lenny’s Sub Shop and the newly opened HomeGoods. Jill Gull of Stiles Realty represented the landlord, Siles and GRE Coralwood LP, in the two lease transactions. Michael Daly of LandQwest Commercial represented Starbucks, and Michael Weiss of SRS Real Estate Partners represented Chipotle.
MADERA, CALIF. — Newmark Grubb Pearson Commercial has arranged the lease of 2,760 square feet of retail space at 1460 E. Yosemite Ave. in Madera. Mountain Mike’s Pizza Restaurant has inked a deal with Q/S Tozer Avenue LLC to occupy the space. Craig Holdener and Troy McKenney of Newmark Grubb Pearson Commercial and Jeanette Woerman Mason of Brekke Real Estate negotiated the transaction.
NAPA, CALIF. — BevMo! Has opened a new location at 3325 Jefferson St. in Napa. The beverage retailer will occupy 7,567 square feet of the Staples building along the Trancas Boulevard. Matt Alexander of SRS Real Estate Partners represented BevMo! in the lease transaction.
GARDENA, CALIF. — AutoZone, an auto parts retailer, has signed a 10-year lease for 7,000 square feet of end-cap retail space on Crenshaw Boulevard in Gardena. The location is located within a 26,000-square-foot community shopping center. Geoff Grossman and Aaron Guido of Centers Business Management represented the undisclosed landlord in the transaction.