Retail

CBRE Negotiates $15.7M Sale of Retail Building in Buena Park

by Nellie Day November 13, 2015

BUENA PARK, CALIF. — CBRE Group has brokered the sale of a retail building, located at 8030 Dale St. in Buena Park. Oshdale LLC acquired the 44,100-square-foot property from Village Properties for $15.7 million. Orchard Supply Hardware recently signed a 20-year, triple-net lease for the property and plans to open later this year. Dan Riley, Arthur Flores and Austin Wolitarsky of CBRE represented the seller and buyer in the transaction. Barclay Harty, also of CBRE, was the leasing agent at the time of sale.

November 13, 2015

California Multifamily Restaurant Retail Western

The Grove to Open Location at One Henry Adams Apartment Community

by Nellie Day November 13, 2015

SAN FRANCISCO — The Grove has signed a lease for 3,650 square feet of space at One Henry Adams, an apartment community located on Townsend Circle in Showplace Square in San Francisco. One Henry Adams and the new restaurant location are slated to open in the fourth quarter of 2016. Owned by Equity Residential, the 241-unit apartment community offers 8,600 square feet of retail space.

November 13, 2015

California Retail Western

Phillips Edison Acquires Moreno Marketplace in Moreno Valley

by Nellie Day November 12, 2015

MORENO VALLEY, CALIF. — Phillips Edison Grocery Center REIT II Inc. has acquired Moreno Marketplace in Moreno Valley for an undisclosed price. Located 52 miles east of downtown Los Angeles, the 77,763-square-foot shopping center is anchored by Stater Bros., a privately held supermarket discount chain that operates 168 stores throughout Southern California. Additional tenants include Subway, Fantastic Sams, Wells Fargo Bank and Jack in the Box. The name of the seller was not released.

November 12, 2015

California Retail Western

Newmark Grubb Pearson Commercial Brokers Three Retail Leases in Clovis, Fresno

by Nellie Day November 12, 2015

CLOVIS AND FRESNO, CALIF. — Newmark Grubb Pearson Commercial has brokered three retail leases in Clovis and Fresno totaling 6,254 square feet. In the first transaction, Royal Vapes leased 1,470 square feet at 140 W. Shaw Ave. in Clovis from J&D Properties. Troy McKenney and Craig Holdener of Newmark Grubb Pearson Commercial brokered the transaction. In the second deal, James McKenney leased 2,160 square feet of retail space at 841 Clovis Ave. in Clovis to Hodges Investment Group. McKenney and Holdener handled the transaction. In the final transaction, Urban Block Fitness inked a deal for 2,624 square feet of retail space at 4025 N. Figarden Drive in Fresno from The Grove Shopping Center. Holdener and McKenney, along with Terri Giovacchini of Cushman & Wakefield, brokered the deal.

November 12, 2015

Mixed-Use Retail Texas

Gables Residential Breaks Ground on Las Colinas Mixed-Use Development

by Haisten Willis November 12, 2015

IRVING, TEXAS — Gables Residential has broken ground on a mixed-use development in the Las Colinas area of Irving. Gables Water Street, located off of John W. Carpenter Freeway (SH 114), will consist of 316 apartment homes in three five-story buildings. Gables Water Street will offer efficiencies along with one-, two-and three-bedroom apartment homes averaging 960 square feet. Interior finishes will include stainless steel appliances, granite countertops, under mount sinks, framed mirrors, tile backsplash and wood-style flooring. Community amenities will include two areas with views of Lake Carolyn, two fitness centers, a business and mail center, game room, pool and outdoor kitchen. Retail tenants will include Olivella’s, Twisted Root Burger, Main Street Bistro and Bakery, Planet Sub and The Londoner Pub. The community will be located one mile from the Irving Music Factory, which is under construction. Comerica Bank, Cadence Bank and the city of Irving provided financing for the project, and WDG is the architect for the development. Water Street is located a block from a DART light rail connection to the central business district and Dallas/Fort Worth International Airport. The mixed-use community also offers its own transit station for the elevated rail system that runs around the Las …

November 12, 2015

Retail Texas

NOVUS Brokers Land Deals to Make Way for Midlothian Towne Center

by Haisten Willis November 12, 2015

MIDLOTHIAN, TEXAS — Renzo Cella of NOVUS Realty Advisors has negotiated the sale of 31.8 acres on the southeast corner of the Highway 287 Bypass and FM 663 for the development of Midlothian Towne Center. Cella represented the seller in the transaction and helped negotiate the sale to Weber & Co., which plans to develop the 53-acre regional shopping center. Kroger Marketplace will anchor the development and could be joined by other big-box retailers. Construction is slated to begin March 2016 with an estimated completion date in April 2017. The shopping center will also feature an additional 10 pad sites for retailers and restaurants. Midlothian is located in northwest Ellis County. The city has seen a 136 percent increase in population since 2000.

November 12, 2015

Merchants Walk Huntsville Whole Foods Market

Alabama Retail Southeast

RCP Cos. Opens Phase I of The Shops at Merchants Walk in Huntsville

by John Nelson November 12, 2015

HUNTSVILLE, ALA. — RCP Cos. has opened Phase I of The Shops at Merchants Walk, a 90,000-square-foot retail center in Huntsville. Phase I brings north Alabama its only Whole Foods Market. The 42,000-square-foot store anchors the center, which is roughly 90 percent pre-leased to tenants such as lululemon athletica, Farm Burger, Spa Sydell, Mountain High Outfitters, Maki Fresh, Orangetheory Fitness, Local Taco, The Masters Aveda Salon and DressUp Boutique. The shopping center is situated directly adjacent to the 650,000-square-foot Parkway Place, a regional mall.

November 12, 2015

Illinois Midwest Retail

Novak Construction Co. Breaks Ground on Whole Foods Market in Chicago

by Christina Cannon November 12, 2015

CHICAGO — Novak Construction Co. has broken ground on a new Whole Foods Market in Chicago. The grocery store will be located at the intersection of Ashland, Belmont and Lincoln avenues. The store under construction at 3201 N. Ashland Ave. is replacing the existing Whole Foods Market, which is located at 3300 N. Ashland Ave. The new 70,000-square-foot store will feature a second-story balcony for outdoor dining and additional indoor dining space. Completion of the new Whole Foods Market is slated for spring 2017.

November 12, 2015

California Retail Western

CBRE Arranges $15.9M Sale of Woodlands Plaza in Simi Valley

by Nellie Day November 11, 2015

SIMI VALLEY, CALIF. — CBRE Group Inc. has brokered the sale of Woodlands Plaza, a shopping center located at 530-660 E. Los Angeles Ave. in Simi Valley. DP Grand Simi LLC acquired the 61,373-square-foot property for $15.9 million. The center is located on four parcels totaling 6.7 acres and has traffic counts of more than 38,000 vehicles per day. The property is 81 percent occupied to a variety of tenants, including Fantastic Sam’s, Goodwill, H&R Block and Subway. Alex Kozakov, Patrick Wade and Maxx Cohen of CBRE represented the seller, B/C Sinaloa Plaza LLC, in the transaction.

November 11, 2015

California Retail Western

Popeyes Renews Lease at Campus Plaza in San Diego

by Nellie Day November 11, 2015

SAN DIEGO — Flocke & Avoyer Commercial Real Estate has brokered the renewal of 3,655 square feet of restaurant space within Campus Plaza. Popeyes is the lessee at 6095 El Cajon Blvd. for $1.2 million for a 10-year term. Bill Thaxton and Stewart Keith of Flocke & Avoyer Commercial Real Estate represented the lessor, while the lessee was self-represented in the transaction.

November 11, 2015

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