Retail

H-E-B-HEB-Deer-Park

DEER PARK, TEXAS — Phase I of The Junction at Deer Park, a retail center developed by the Houston office of Cencor Realty Services and located at the northeast quadrant of Spencer Highway and East Boulevard, is now open. The center, designed to incorporate as much as 400,000 square feet of retail space upon completion, is anchored by an 83,000-square-foot H-E-B grocery store. In addition to H-E-B, the center is designed with seven pad sites. A total of 14,600 square feet of in-line space on Spencer Highway adjacent to the H-E-B fuel station is in the planning stages. Cencor is planning the remainder of the center, which will include several big-box tenants. James Namken, Randy Hopper and Kyle Knight with The Weitzman Group are handling leasing at The Junction at Deer Park. The new H-E-B will include a bakery, business center, deli, sushi bar, large produce department and pharmacy. The Junction at Deer Park is Cencor’s second retail project at the intersection of Spencer Highway and East Boulevard. Cencor also developed Deer Park Station, a retail center shadow-anchored by Walmart.

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FORT WORTH, TEXAS — Commercial brokers Steve Fithian and James Blake have merged their Fort Worth Sperry Van Ness offices together into Sperry Van Ness / Trinity Advisors. The merger brings together Fithian’s Sperry Van Ness / Visions Commercial office and Blake’s Sperry Van Ness / Summit Commercial office. The newly merged office, located at 5601 Bridge St., Ste. 504 in Fort Worth, provides commercial real estate brokerage, leasing, consulting and property management on all commercial property types. Fithian has more than 25 years of commercial real estate experience. His specialty primarily has been in multifamily, but has lately also focused on retail and office properties. Fithian also organizes, manages and acts as the general partner in real estate syndications. Blake has more than 30 years of commercial real estate experience. His primary focus is retail and industrial income-producing properties. He also specializes in single-tenant net lease retail and is working to put together a single-tenant net lease team at Sperry Van Ness / Trinity Advisors to represent clients in the purchase and sale of these properties. The company has a total of six advisors and eight employees.

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1071-Cypress-Ave-NYC

NEW YORK CITY — Silvershore Properties has acquired a mixed-use building located at 1071 Cypress Ave. in the Ridgewood neighborhood of Queens for $10.6 million. The 33,500-square-foot property features 39 rent-stabilized residential apartments and five mom-and-pop stores, totaling 5,000 square feet. Cypress Realty LCC sold the property, which it originally purchased in 1986. No brokers were involved in the transaction.

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Vista Centre Shoppes

ORLANDO, FLA. — Auction.com LLC has arranged the $21.2 million sale of Vista Centre Shoppes, a 98,411-square-foot retail center located at 8462 Palm Parkway in Orlando. The center is situated on a 13.9-acre site located down the street from Disney World. Built in 1989, the shopping center was 89.4 percent leased at the time of sale. A private buyer based in South Florida purchased the property from the Atlanta-based seller. Philip Kates, Adam Sklaver and Dean Lewis of Auction.com worked with Brad Peterson and Whitaker Leonhardt of HFF’s Orlando office to sell the property. Michael Lapointe and Adam Greenberg of Newmark Grubb Knight Frank represented the buyer.

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Walmart Knoxville

KNOXVILLE, TENN. — Matthews Retail Advisors has brokered the sale of a newly constructed, 119,378-square-foot Walmart in Knoxville. The trophy asset is located across the street from the University of Tennessee campus. The seller, CHM LLC, sold the asset for an undisclosed price in an off-market transaction. Aron Cline of Matthews Retail Advisors sourced the buyer and represented CHM in the transaction.

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University Center Jacksonville

JACKSONVILLE, FLA. — KeyBank Real Estate Capital has secured an $11 million non-recourse, CMBS loan for University Center in Jacksonville. The 102,885-square-foot shopping center is fully leased to tenants such as LA Fitness, T.J. Maxx, Beall’s and Dollar Tree. Publix shadow anchors the center. Randy Martin of KeyBank secured the loan on behalf of the borrower.

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ROCKFORD, ILL. — KeyBank Real Estate Capital has secured a $9 million CMBS loan for a retail property in Rockford in northern Illinois. Rockford Crossing is 118,650 square feet and is shadow anchored by Target and ULTA Beauty. The center is currently 97 percent leased. Randy Martin of KeyBank secured the loan from a CMBS lender. The borrower in the transaction was undisclosed.

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PLAINFIELD, ILL. — CBRE has brokered the sale of a 16,625-square-foot retail center in Plainfield, approximately 37 miles southwest of Chicago, for an undisclosed price. Old Second National Bank sold Founders Plaza to COROC Management Group LLC. Located at 24000 W. Dayfield Drive, Founders Plaza was 32 percent occupied at the time of sale. COROC Management Group plans to occupy 10,000 square feet for the operation of a day-care center starting in 2016. Nicholas Peters of CBRE represented Old Second National Bank in the transaction.

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HANOVER, PA — Colliers International’s Harrisburg, Pa., office has brokered the sale of Centennial Commons Shopping Center in Hanover. Located at 3744-80 Centennial Road, the 48,220-square-foot property sold for $4.4 million. The property is occupied by Food Lion, Dollar General and Subway. William Aiello, George Lulos and Larry Kostelac of Colliers represented the seller, Conewago Contractors Inc., in the transaction. The buyer was Becrett LLC.

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Dawson Crossroads Dawsonville Publix

DAWSONVILLE, GA. — Publix has signed a 45,600-square-foot lease at Dawson Crossroads, a new 98,400-square-foot shopping center under construction at 4130 Dawson Forest Road in Dawsonville. The grocery-anchored shopping center is set to open in the fall of 2016 at the southeast corner of GA 400 and Dawson Forest Road. Halpern Enterprises is the developer of the project, which will also house Brooklyn Joe’s Pizzeria, Lee Nails, Great Clips, Totally Running, Top Cleaners and Chili’s.

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