SACRAMENTO, CALIF. — Clevron Commercial has closed escrow on three sites located in Sacramento, Fairfield and Danville. The company plans to develop new retail centers on each site, with groundbreakings set to occur in the next 30 to 40 days. The properties include 1229 Howe Ave., a former TGI Fridays, in Sacramento; a vacant lot at 2700 N. Texas Ave. in Fairfield; and a site at the intersection of Railroad Avenue and Church Street in Danville. Ariel Fox at Retail West is handling leasing for the Sacramento and Danville locations, while Adria Giacomelli of Newmark Cornish and Carey will handle leasing for the Fairfield project. Clevron Commercial is a co-venture of Urban West, Tate Diversified Development and Pegasus Development.
LOS ANGELES — 11305 West Moorpark LLC has purchased a 9,689-square-foot retail center in Los Angeles for $4.1 million. The center is located at 5581 Huntington Drive North. It is situated on 25,807 square feet of land. Andrew Awaida of Re/Max Optima represented the buyer. Randy Stevenson, Stephen M. Baker and Kris Hons of Stevenson Real Estate Services represented the seller, Sandale LLC.
CARROLLTON, TEXAS — Japan-based Daiso will be opening its first Texas location Carrollton Town Center, which was developed by NewQuest Properties. The 11,000-square-foot store will open to the public at noon on Friday. Daiso currently operates 3,300 stores worldwide with a total of 44 stores in the United States. The company plans to open 20 stores throughout Texas. Carrollton Town Center is located at 2540 Old Denton Road in Carrollton, a suburb of Dallas. The grand opening will be a weekend-long event. Carrollton Town Center is undergoing a $7 million facelift and will be anchored by a new 99 Ranch Market. In addition to Daiso, the development will feature other prominent Asian restaurants and retailers, such as Gen Korean, Kung Fu Tea and Dan Sung Sa.
EAU CLAIRE, WIS. — Marcus & Millichap has brokered the sale of a net leased department store at 955 W. Clairemont Ave. in Eau Claire, 93 miles east of Minneapolis. The sales price was $12.45 million, which at 94,705 square feet, equates to $131 per square foot. The Shopko building was originally built in 1978 and was renovated in 1992. The store sits on approximately 9 acres of land, with a location that benefits from a rent per square foot that is well below market. Headquartered in Green Bay, Wis., Shopko Stores Operating Co. LLC is a $3 billion retailer that operates more than 330 stores in 21 states. Listing agent Glen Kunofsky of Marcus & Millichap’s Manhattan office procured the undisclosed buyer.
CAPE CORAL, FLA. — Colliers International’s Southwest Florida office has brokered the $2.3 million sale of a 19,060-square-foot strip center located at 601 Del Prado Blvd. N. in Cape Coral, roughly nine miles outside of Fort Myers. West Virginia-based D&S Inc. purchased the asset in a 1031 tax-deferred exchange. The property’s tenant roster includes Century 21, Cabinet Depot and Petrucci Pianos. William Mankin of Colliers International Southwest Florida represented the buyer in the transaction. Phil Deems of Phil Deems Real Estate represented the seller, William J. Lader.
NEW YORK CITY — HFF has arranged a $44 million refinancing loan for a fully leased retail condominium located at 611 Avenue of the Americas in Manhattan’s Chelsea neighborhood. The company secured a 15-year, fixed-rate non-recourse loan through Allianz Real Estate of America Inc. on behalf of the US Allianz insurance companies for the borrower, The Parkland Group. Located at the base of a 10-story luxury residential property developed by The Parkland Group, the building features three retail spaces and 41 residences, which were not included in the financing. The 30,000 square feet of retail space is leased to Chase Bank, Duane Reade and Modell’s Sporting Goods. Rob Rizzi and Jennifer Keller of HFF arranged the financing for the borrower.
NORTH HAVEN, CONN. — Press/Cuozzo Commercial has brokered the sale of a two-building former day care facility located at 20 Peck St. in North Haven. Situated on slightly more than one-half acre, the buildings total 3,830 square feet. The buyer, Lauren Grogan, acquired the property from K&J Holding LLC for an undisclosed sum. The buyer plans to renovate the properties. Stephen Press of Press/Cuozzo represented the seller, while Lou Proto of The Proto Group represented the buyer in the transaction.
WESTWOOD AND NEWTON, MASS. ¬— The Boston office of Colliers International has arranged two commercial land sales totaling $20.8 million. In Westwood, Prime Auto Group acquired 12 acres at 375 Providence Highway for $16.3 million. The buyer plans to develop three car dealerships on the site. In Newton, Dinosaur Capital Partners purchased three acres at 70 Rowe St. for $4.5 million. The buyer plans to develop a Verizon facility on the site. James Elcock of Colliers facilitated both transactions. The names of the sellers were not disclosed.
NEW YORK CITY — Silvershore Properties has completed the sale of a mixed-use building located at 19 Howard St. in Manhattan’s SoHo Cast Iron Historic District. The three-story, 4,415-square-foot property sold for $9.6 million, or $2,174 per square foot. The property features additional air rights and was delivered vacant to the undisclosed buyer. Robert Burton of Cushman & Wakefield represented the seller in the transaction.
IRVINE, CALIF. — Irvine Co. Retail Properties has announced the opening of new restaurants across its Orange County portfolio, including Fashion Island, Irvine Spectrum Center, The Market Place and several other community centers. Openings include Sushi Roku, American Tea Room and Hopdoddy Burger Bar at Fashion Island in Newport Beach; Kona Grill and Habana, a Cuban restaurant and bar, at Irvine Spectrum Center; TAPS Fish House & Brewery, Famous Dave’s Barbeque, Miguel’s Jr. Homestyle Mexican Food and Piadina Italian Market at The Market Place in Irvine; Mendocino Farms at University Center; California Pizza Kitchen at Alton Square; and Burntzilla Modern Eats at Walnut Village Center.