Retail

Shogun Japanese Restaurant Leases Space in San Bernardino

by Nellie Day March 9, 2015

SAN BERNARDINO, CALIF. – Shogun Japanese Restaurant has leased a 7,500 square-foot freestanding restaurant building in San Bernardino. The space is located at 1050 E. Harriman Place. The new restaurant is scheduled to open this summer. It is situated between Costco and Sam’s Club within the Hub shopping center. The family-friendly restaurant is open for lunch and dinner. It offers Japanese entrees and Teppanyaki. Paul Galmarini and Kenia Drugan of Progressive Real Estate Partners represented both the landlord and Shogun in this transaction.

March 9, 2015

Illinois Midwest Retail

The Boulder Group Brokers $2M Sale of On The Border Restaurant in Chicago MSA

by Danielle Everson March 9, 2015

ST. CHARLES, ILL. — The Boulder Group has brokered the $2 million sale of a single-tenant, net lease On The Border restaurant property in St. Charles. The property is located at 3050 E. Main St. The 6,488-square-foot building is adjacent to The Quad St. Charles Mall. Von Maur, Carson Pirie Scott and Kohl’s anchor the 775,000-square-foot mall. On The Border has fifteen years remaining on its recently signed absolute-net-lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller. The buyer was a private high net-worth investor based in the Midwest. A Southeast-based private investment firm sold the property. On The Border is a privately owned Tex-Mex casual dining restaurant that operates more than 160 locations.

March 9, 2015

Loans New York Northeast Retail

Houlihan-Parnes Realtors Arranges $4.8M in Refinancing for Retail Building in the Bronx

by Amy Works March 9, 2015

NEW YORK CITY — Houlihan-Parnes Realtors has secured $4.8 million in first mortgage refinancing for a 12,000-square-foot retail building located at 4174 White Plains Road in the Bronx. The five-year, non-recourse loan features a 3.75 percent fixed rate and a 30-year amortization schedule. Additionally, the loan is prepayable throughout the term on a declining scale and features a five-year extension option. Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP provided legal counsel for the undisclosed borrower.

March 9, 2015

Connecticut Hospitality Northeast Retail

Colliers Brokers Sale of Hotel/Retail Property in Fairfield, Conn.

by Amy Works March 9, 2015

FAIRFIELD, CONN. — Colliers has brokered the sale of a hotel/retail property located at 417 Post Road in Fairfield for an undisclosed price. The property consists of an 80-room hotel, The Fairfield Inn, and a 6,800-square-foot retail space, which is triple-net leased to The Circle Diner. The new owner, a group of local investors, plans to reposition the property. Louis Zuckerman, Michael Siegel and Enzennio Mallozzi of Colliers represented the seller, Fairfield Motor Inn Associates LLC, and procured the buyer in the deal.

March 9, 2015

Restaurant Retail Texas

Baker Katz Acquires 30,000 SF Property in Houston

by Haisten Willis March 9, 2015

HOUSTON — Houston-based Baker Katz has acquired the 30,000-square-foot former Baytown Seafood restaurant in Houston. The property is located at the intersection of I-10 East and Haden Road. Baker Katz plans to demolish the current building and construct an 8,000-square-foot property, which will be available for lease to restaurant and retail tenants.

March 9, 2015

Retail Texas

Hunington Properties Arranges Sale of Shopping Center in Metro Houston

by Haisten Willis March 9, 2015

FRESNO, TEXAS — Hunington Properties has arranged the sale of the Teal Run Plaza, a 14,920-square-foot shopping center. The property is situated on nearly two acres located at 12125 Highway 6 South in Fresno. Rafael Melara with Hunington Properties represented the unnamed seller. Stanley Madumere with Champions Real Estate represented the buyer.

March 9, 2015

Florida Loans Retail Southeast

Integra Real Estate Capital Arranges $3M Refinance of Retail Property in Boca Raton

by John Nelson March 9, 2015

BOCA RATON, FLA. — Integra Real Estate Capital has arranged a $3 million refinance of City Plaza, an 11,000-square-foot retail property located in downtown Boca Raton. Igor Goldenberg of Integra arranged the seven-year loan through an unnamed regional balance sheet lender at a fixed interest rate. The recently renovated City Plaza’s tenant roster includes Tendler Orthodontics, Little Caesars Pizza, GK BloDryBar & Salon, The Seed Coffee | Juice and G+O2 Fitness.

March 9, 2015

Loans Retail Texas

BMC Capital Arranges $3.2M Loan for Retail Property in Metro Dallas

by Haisten Willis March 6, 2015

IRVING, TEXAS — BMC Capital has arranged a $3.2 million purchase loan for a multi-tenant retail property located in Irving. The seven-year loan includes a 4.3 percent interest rate and a 25-year amortization schedule. The loan was arranged through one of BMC Capital’s correspondent banking relationships. Brian Gramlich of BMC Capital’s Dallas office arranged the financing.

March 6, 2015

Retail Texas

Venture Arranges Four Leases For DestinationXL in Texas, Oklahoma

by Haisten Willis March 6, 2015

DALLAS — Venture Commercial Real Estate has arranged four leases on behalf of DestinationXL, a big and tall men’s clothing store. The 9,059-square-foot Dallas store is located at the southeast corner of North Central Expressway and Park Lane in the Shops at Park Lane, and will represent the first urban Dallas location for the retailer. The Arlington location spans 5,970 square feet and is located at 4245 S. Cooper St. The 6,800-square-foot Midland location is located at 2810 W. Loop 250 North in The Commons at Northpark II shopping center. The Tulsa, Okla. store, also 6,800 square feet, is located at 7020 S. Memorial Drive. Venture’s John Zikos and Jonathan Cooper represented the tenant in the four transactions. Ashley O’Malley and Jack Beard of United Commercial Realty, Mihir Mody of Mody Capital LLC, Gary Andrews of GRACO Real Estate Development and Matt Mardis of Paine & Associates represented the landlords in the transactions. The Tulsa store opened in October. The Arlington location is scheduled for a February opening, Midland is scheduled to open in March and the Dallas store is slated to open in May.

March 6, 2015

California Retail Western

Water Street Market Coming to Jack London Square in Oakland

by Nellie Day March 6, 2015

OAKLAND, CALIF. — A new food market known as Water Street Market will soon debut at Jack London Square, a mixed-use waterfront development in Oakland. The new market will be developed by Steve Carlin and the Carlin Company, in partnership with Jack London Square Ventures, a joint venture between Ellis Partners and DivcoWest. The market will be located at 55 Harrison Street. Carlin has developed similar projects in the area, including Oxbow Public Market in Napa and the Ferry Building Marketplace in San Francisco. Carlin will serve as master lessor for the 32,000 square feet on the first floor. The second floor will be renovated for additional market-related uses at a later date. The building also contains 110,000 square feet of office space spread among four upper levels. Plank, a food and entertainment venue, opened this past October at Jack London Square, while Steel Rail, a locally owned café, will open this spring. The City of Oakland also recently approved plans for 665 residential units on two parcels near the Market that will help meet the city’s growing demand for urban housing. Jack London Square is Oakland’s only publicly accessible mixed-use waterfront area. It has been a landmark along a …

March 6, 2015

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