Retail

Brandywine Realty Trust to Build 10,000 SF Retail Center in New Jersey

by Amy Works September 18, 2015

MOUNT LAUREL, N.J. — Brandywine Realty Trust plans to develop a 10,000-square-foot retail center at 7000 Midlantic Drive in Mount Laurel. Pre-leased tenants include Anthony’s Coal Fired Pizza, Jimmy John’s Gourmet Sandwiches and Qdoba Mexican Grill. The developer is expected to break ground on the project this month with construction ending in May 2016. The retail property is being paired with an adjacent Springhill Suites Marriott, also developed by Brandywine. MSC Retail is providing site selection representation for the property, as well as pre-development consulting and leasing services.

September 18, 2015

Loans Retail Texas

Q10 KDH Provides $44M Financing for Centre at Bunker Hill in Houston

by Haisten Willis September 18, 2015

HOUSTON — Q10 KDH Vice President Matt Franke has arranged $44 million in financing for Centre at Bunker Hill in Houston. The multi-anchor, Class A retail property is 100 percent occupied and includes 430,820 rentable square feet.

September 18, 2015

Mixed-Use Retail Texas

Three New Retailers Sign on at Mixed-Use Lakeside Development in Houston

by Haisten Willis September 17, 2015

HOUSTON — Three new retailers have signed on at Caldwell Cos.’ mixed-use development, The Boardwalk at Towne Lake. Land of a Thousand Hills Coffee Co., a coffee shop and bakery, World of Beer, a tavern with a craft beer focus, and Massage Heights, a massage and skin therapy provider, are the latest tenants to sign leases at the Northwest Houston project. The Boardwalk at Towne Lake offers restaurant, retail and recreational spaces accessible by walking, driving and boating. The three new retailers join Texas Children’s Pediatrics, Copper Creek Orthodontics and restaurants Jaxton’s and Taisho at the site.

September 17, 2015

Industrial Loans New Jersey Northeast Retail

Trevian Capital Funds $16.5M Bridge Loan for Self-Storage, Warehouse Property

by Amy Works September 17, 2015

BELLEVILLE, N.J. — Trevian Capital has funded a $16.5 million first-mortgage bridge loan secured by a fully occupied self-storage and warehouse facility in Belleville. The loan proceeds are being used to pay off an existing defaulted CMBS loan, fund the build-out of an additional 510 self-storage units, and provide the borrower cash out refinancing. The property is primarily occupied by Safe & Secure Self Storage, which occupies 300,000 square feet, with an additional 100,000 square feet of warehouse/storage space leased on a long-term basis to Essex County and Ecuadorian Rain Forest. Additional terms of the financing, including the name of the borrower, were not released.

September 17, 2015

Midwest Minnesota Retail

Marcus & Millichap Brokers Sale of $7.1M Retail Property in Suburban Minneapolis

by Christina Cannon September 17, 2015

BROOKLYN PARK, MINN. — Marcus & Millichap has brokered the $7.1 million sale of a 34,000-square-foot retail property in Brooklyn Park, a northern suburb of Minneapolis. Sean Doyle, Matthew Hazelton, Cory Villaume, and Adam Prins of Marcus & Millichap represented both the undisclosed buyer and seller. Petco anchors the shopping center, and other tenants include Chipotle, Caribou Coffee, Panda Express and Gamestop.

September 17, 2015

Panera Bread 10059 Jefferson Davis Highway Fredericksburg

Retail Southeast Virginia

Coldwell Banker Commercial Elite Brokers $4.6M Sale of Strip Center in Virginia

by John Nelson September 17, 2015

FREDERICKSBURG, VA. — Coldwell Banker Commercial Elite has brokered the $4.6 million sale of a 13,900-square-foot retail building located at 10059 Jefferson Davis Highway in Fredericksburg. The property was fully leased at the time of sale to tenants such as Panera Bread, Avail Vapor, Blue Pearl Nails & Spa and a barbershop. The property is located within the Cosner’s Corner Shopping Center. Joe Pfahler of Coldwell Banker Commercial Elite represented the seller, G & S Lantier Properties LLC, in the transaction. Geoff Lindsay of Capital Realty Advisors represented the buyer, GPAC Properties LLC.

September 17, 2015

Georgia Retail Southeast

Marcus & Millichap Arranges $3.7M Sale of Strip Center in Metro Atlanta

by John Nelson September 17, 2015

SUWANEE, GA. — Marcus & Millichap has brokered the $3.7 million sale of Moore Road Village, a 20,000-square-foot retail strip center located at 991 Peachtree Industrial Blvd. in Suwanee, a northeast suburb of Atlanta. Built in 2008, the property’s tenant roster includes FedEx Office, American Body Works, T-Mobile and Riverside Pizza. Craig Johnson and Tim Giambrone of Marcus & Millichap’s Atlanta office represented the seller, a private investor, in the transaction. Johnson and Giambrone also secured the buyer, which was also a private investor.

September 17, 2015

Retail Texas

M&M Arranges Sale of Retail Property in Galveston

by Haisten Willis September 16, 2015

GALVESTON, TEXAS — Marcus & Millichap has arranged sale of Jamaica Village Shopping Center, a 21,065-square-foot retail property located in Galveston. Derek Hargrove and Matthew Mignerey of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a limited liability company. The team secured a Houston owner and facilitated the sale with a local bank lender. Jamaica Village Shopping Center is located at 16708 San Luis Pass Road.

September 16, 2015

Loans Retail Washington Western

Bellevue Collection Mixed-Use Property Receives $526M Loan for Expansion

by Nellie Day September 16, 2015

BELLEVUE, WASH. — The Bellevue Collection has received a $526 million construction-to-permanent loan to expand the 4-million-square-foot, mixed-use property in Bellevue. The new 1.5-million-square-foot phase will be known as the Lincoln Square Expansion. The development, which is currently underway, will include a 41-story multifamily/W Hotel tower, a 31-story trophy office tower, and a three-level retail podium, which will be anchored by a luxury theater and chef-driven restaurants. The retail podium and towers will sit above a six-level underground parking garage that is contiguous with more than 4,000 existing subterranean parking spaces. An affiliate of CPPIB Credit Investments Inc., a wholly owned subsidiary of Canada Pension Plan Investment Board (CPPIB), provided the financing. The single source of capital was attractive to the borrower because it removed syndication risk and provided a single point of contact. Dave Karson, Alex Hernandez and Chris Moyer of Cushman & Wakefield represented the borrower, Kemper Development Co.

September 16, 2015

Florida Retail Southeast

Axiom Brokers $12M Sale of Publix-Anchored Shopping Center in Central Florida

by John Nelson September 16, 2015

HAINES CITY, FLA. — Axiom Capital Advisors has brokered the $12 million sale of a Publix-anchored shopping center located at 600 US Highway 17-92 in Haines City. The 118,848-square-foot shopping center’s tenant roster includes Bealls Outlet, Dollar General and Anytime Fitness. Roberto Susi of Axiom represented the buyer, Haines City Mall LLC, in the transaction. Craig Callaway and Eric Bylin of BlueGate Partners represented the seller, Haines Mall LLC, an affiliate of Blackpoint Partners.

September 16, 2015

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