KATY AND SAN ANTONIO, TEXAS — Marcus & Millichap has arranged the sales of Center at Cinco Ranch, a 11,706-square-foot retail property located in Katy, and an 1,785-square-foot Starbucks in San Antonio. In the first transaction, James Bell of Marcus & Millichap’s Houston office represented the buyer, a partnership. Center at Cinco Ranch is located at 23100 Cinco Ranch Blvd. in Katy. In the second transaction, Bell marketed the property on behalf of the seller, a developer. The Starbucks is located at 3718 Horizon Hill Blvd.
FRESNO, CALIF. — Rouse Properties has acquired Fig Garden Village, a 301,459-square-foot lifestyle center in Fresno, for $106.1 million. The center is located at 5082 N. Palm Ave. Fig Garden Village is anchored by Whole Foods. Other notable tenants include Lululemon, Williams-Sonoma, J. Crew, Pottery Barn, Chicos, White House Black Market, Chipolte and Starbucks. The center was built in 1956 and renovated in 2007. It was 93.9 percent leased at the time of sale. The acquisition was financed with a new $74.2 million, non-recourse CMBS loan that features an interest rate of 4.14 percent.
NEWPORT BEACH, CALIF. — DJM Capital Partners has signed Steven Alan, a luxury clothing, home and accessories store, as the newest retailer at Lido Marina Village in Newport Beach. The 1,526-square-foot retail store is slated to open late this fall. The store will carry the designer’s line of ready-to-wear casual, smart essential for both men and women, as well as a hand-curated selection of clothing, handbags and optical from an eclectic group of emerging designers. Other tenants at the 116,000-square-foot center, which is undergoing a renovation, include Juice|Served Here, Jolie, Honor Coffee Roasters and Charlie & Me.
HESPERIA, CALIF. — Progressive Real Estate Partners has signed seven new leases, totaling 19,600 square feet, at The Marketplace on Main in Hesperia. The recently opened Walmart-anchored retail center is located at 13401 Main St. Paul Galmarini of Progressive represented the ownership, Pacific/Lewis Properties, a division of Pacific Development Group, in the following transactions: • Petco, 10,000 square feet • The Habit Burger Grill, 2,500 square feet • Pieology Pizzeria, 2,000 square feet • Yogurtland, 1,200 square feet • Metro PCS, 1,400 square feet • Great Clips, 1,200 square feet • Nail Salon, 1,300 square feet The ownership broke ground on the two-building, 24,000-square-foot retail center in April. The seven new retailers are slated to open prior to Holiday 2015. There are three retail units, ranging from 1,500 to 1,600 square feet, available at the center.
PAPILLION, NEB. — Inland Real Estate Income Trust Inc. has acquired The Shoppes at Market Pointe in Papillion. Located at 8650 71st Plaza, the 253,903-square-foot property was constructed in 2006. The property is 99.4 percent occupied by Lowe’s Home Improvement Warehouse, Kohl’s, Panera Bread, America’s Best Contacts & Eyeglasses, Payless ShoeSource, Qdoba, Arby’s and Five Guys Burgers & Fries.
JULIETTE, GA. — Goodlettsville, Tenn.-based Dollar General Corp. has opened its 12,000th store in the small, historic town of Juliette. Dollar General anticipates opening 730 new stores in 2015 and plans to remodel or relocate an additional 875 stores. “It is exciting to open our 12,000th store and move into new communities where we can serve customers with everyday low prices, convenience and great service,” says Rick Dreiling, Dollar General’s chairman and CEO. With 12,000 stores in 43 states, Dollar General has more retail locations than any retailer in America.
ORLANDO, FLA. — Sean Glickman of Coldwell Banker Commercial NRT has brokered the $2.4 million sale of Goldenrod Crossings, a shopping center located at 7830 E. Colonial Drive in Orlando. The center’s tenant roster includes Trustco Bank, Ocean Fish Market Inc., MV Pawn, Repair Center of Orlando and Dream Team Barbershop. Glickman represented the seller, Colonial and Goldenrod Crossings LLC, in the transaction. The buyer was MSR Colonial LLP.
NORTH BRUNSWICK, N.J. — The Azarian Group has acquired The Shoppes at North Brunswick, a shopping center located at 650 Shoppes Blvd. in North Brunswick. A New York City-based REIT sold the property for $33.7 million. The 150,000-square-foot center is occupied by national and franchise tenants, including Banana Republic, Talbots, Five Below, Anthropologie, Starbucks Coffee, White House/Black Market, Aeropostale, Chipotle and 34 other tenants. Charming Charlie, Corner Bakery, Supercuts and Wingstop are opening locations at the center. Terms of the transaction, including acquisition price, were not released. The name of the seller was not disclosed.
ODESSA, TEXAS — Cinergy Entertainment Group Inc. has purchased a property along State Highway 191, half a mile east of Faudree Road in the new Dorado Center in Odessa. Plans for the property include a 90,000-square-foot cinema entertainment complex. Lee Lewis Construction will break ground in the next few days. The theater, which will be called Cinergy Permian Basin featuring EPIC, will include 10 auditoriums, 18 lanes of bowling, a full-service bar, four billiard tables, a game floor with more than 110 games, redemption store, dining options and rock climbing walls.
WILTON, CONN. — HFF has arranged the sale of Town Green at Wilton Center, a shopping center located in the town center of Wilton. An affiliate of Westport, Conn.-based Paragon Realty Group LLC acquired the 34,956-square-foot property for $9.9 million. Built in 1985, the two-building shopping center is occupied by a U.S. Post Office, Webster Bank, Hunan Café and Marly’s Bar & Bistro. James Koury, Fred Wittman, David Fowler and Patrick McAneny of HFF represented the sellers, Wilton Center Development LLC and Boylston Properties, in the deal.