Retail

M&M Arranges Sale of 12,115 SF Retail Property in Metro Dallas

by Haisten Willis March 13, 2015

WYLIE, TEXAS — Marcus & Millichap has arranged the sale of 1st Wylie Shopping Center, a 12,115-square-foot retail property located in Wylie. Jason Vitorino of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Wayne Bares, also of Marcus & Millichap’s Dallas office, procured the buyer, a local partnership. 1st Wylie Shopping Center is located at 620 N. Highway 78, southwest of East Brown Street. The property includes three freestanding, multi-tenant buildings and is situated on 1.5 acres along a major retail corridor for the city of Wylie. At the time of listing, tenants included Domino’s Pizza, Jackson Hewitt Tax Service, Diamond Nails & Spa and several others.

March 13, 2015

Westbury Square Huntsville Alabama Stein Mart

Inland Real Estate Buys Shopping Center in Huntsville for $23.4M

by John Nelson March 13, 2015

HUNTSVILLE, ALA. — Inland Real Estate Corp. has purchased Westbury Square, a 115,000-square-foot shopping center in Huntsville, for $23.4 million in cash. The center is located at the intersection of Highway 53 (Memorial Parkway South) and Airport Road. Westbury Square was fully leased at the time of sale to tenants such as Stein Mart, TJ Maxx, Michaels, Jimmy John’s, Moe’s Southwest Grill, Jenny Craig and BB&T. The center is the publicly traded REIT’s fourth acquisition in the Southeast in the past 15 months.

March 13, 2015

Georgia Retail Southeast

Marcus & Millichap Brokers $6.4M Sale of Mixed-Use Retail in Atlanta

by John Nelson March 13, 2015

ATLANTA — Marcus & Millichap has brokered the $6.4 million sale of the retail component of Windsor Glenridge Springs, a mixed-use development located at 5610 Glenridge Drive in Atlanta. The retail component totals roughly 20,000 square feet and is leased to tenants such as Sushi Nami, Blue Moon Pizza and Firehouse Subs. Built in 2011, Windsor Glenridge Springs also includes 168 luxury apartment residences, which were not part of the transaction. Craig Johnson and Tim Giambrone of Marcus & Millichap’s Atlanta office represented the buyer, an unnamed investment firm based in California.

March 13, 2015

Midwest Retail Wisconsin

Mid-America Real Estate Arranges Sale of Fox River Commons in Grand Chute, Wis.

by Danielle Everson March 12, 2015

GRAND CHUTE, WIS. — Mid-America Real Estate Corp. has brokered the $12.2 million sale of Fox River Commons located in Grand Chute. Bloomfield Hills, Mich.-based Agree Realty Corp. purchased the 78,977-square-foot asset, which is located at the northwest corner of Casaloma Drive and College Avenue. Bed, Bath & Beyond, Barnes & Noble, Old Navy and DressBarn anchor the shopping center. Carly Gallagher of Mid-America Real Estate Corp., in cooperation with Dan Rosenfeld of Mid-America Real Estate – Wisconsin LLC brokered the transaction on behalf of the seller, a private investor group represented by Oak Brook, Ill.-based Inland Private Capital.

March 12, 2015

Retail Southeast Tennessee

Sterling Organization Acquires Stones River Mall in Metro Nashville

by John Nelson March 12, 2015

MURFREESBORO, TENN. — Sterling Organization has purchased Stones River Mall, a 594,688-square-foot enclosed regional mall in Murfreesboro, a suburb of Nashville. Sterling purchased 497,691 square feet at the mall, which was developed in 1992 and renovated in 2008. The company acquired the asset through its institutional fund: Sterling Value Add Partners II LP. Anchored by Dillard’s, Sears and J.C. Penney, other tenants include Aeropostale, Books-A-Million, Electronic Express, Hancock Fabrics, Chuck E. Cheese’s, PacSun, Bath & Body Works, Shoe Carnival, Versona, Bink’s Outfitters, Hibbett Sports and Victoria’s Secrets. The mall’s outparcel restaurants include TGI Fridays, Olive Garden and Buffalo Wild Wings.

March 12, 2015

Retail Texas

Snap Kitchen Signs Lease at Retail Center in Metro Dallas

by Haisten Willis March 12, 2015

COLLEYVILLE, TEXAS — Snap Kitchen has signed a lease at the new 12,847-square-foot Colleyville Stampede shopping center development in Colleyville. The Austin-based retailer will occupy 1,305 square feet of space at 4712 Colleyville Blvd., Suite 140. Standridge Cos. is the developer of Colleyville Stampede. Snap Kitchen focuses on gluten-free, carb and sodium-conscious, nondairy, vegetarian, vegan and paleo diets. Tey Tiner of CBRE/UCR represented Standridge Cos. in lease negotiations. Alden Harris of Shop Companies represented Snap Kitchen.

March 12, 2015

California Retail Western

Cambrian Park Plaza in San Jose Changes Hands

by Nellie Day March 12, 2015

SAN JOSE, CALIF. – Cambrian Park Plaza, a 170,000-square-foot shopping center in San Jose, has sold to Weingarten Realty Investors for an undisclosed sum. The property is located at 14900 Camden Ave. Notable tenants include Dollar Tree and BevMo! The center serves San Jose, Los Gatos, Campbell and Saratoga.

March 12, 2015

Loans Retail Washington Western

Seattle Design Center Receives $40M in Financing

by Nellie Day March 11, 2015

SEATTLE — Seattle Design Center, a 410,000-square-foot, high-end home furnishings and design services center, has received $40 million in financing. The two-building center is located at 5701 6th Ave. S. The center first opened in 1973. Its two buildings are connected via a skybridge walkway. Seattle Design Center also contains 400 parking spaces. The borrower will use the floating-rate loan to acquire and reposition the center. It features a three-year initial term and two, one-year extension options. A debt fund provided the loan. Jordan Roeschlaub and Daniel Fromm of NGKF Capital Markets served as the exclusive advisor to the Los Angeles-based sponsor.

March 11, 2015

Arizona Retail Western

Smart & Final Opens Three Stores in Phoenix

by Nellie Day March 11, 2015

PHOENIX – Smart & Final has opened three new stores in the Phoenix Valley. The expansion includes a 28,985-square-foot space at the northeast corner of 35th Avenue and Greenway Road; a 28,280-square-foot space at the northeast corner of Tatum Boulevard and Thunderbird Road; and a 35,949-square-foot space at the southwest corner of Gilbert Road and Guadalupe Road in Gilbert. The grocer was represented by Martin Leon and Chris Corso of De Rito Partners in all three transactions.

March 11, 2015

Midwest Nebraska Retail

Cohen Financial Arranges $13.3M Acquisition Loan for Retail Property in Lincoln, Neb.

by Danielle Everson March 11, 2015

LINCOLN, NEB. — Cohen Financial has arranged a $13.3 million acquisition loan for Centro Plaza, a 111,978 square-foot retail shopping center located at 400 N 48th Street in Lincoln. TJ Maxx anchors the property, which will also soon include a DSW and Michaels. Dan Rosenberg of Cohen Financial’s Chicago office secured the loan with a regional bank. The borrower is an entity controlled by Integris Ventures.

March 11, 2015

Newer Posts

Older Posts

Upcoming Events

Aug
18