MT. VERNON, ILL. — A new 32,022-square-foot Big Lots department store has opened at the Times Square Mall shopping center in Mt. Vernon, 80 miles east of St. Louis. The Sansone Group and Pine Tree Commercial Realty LLC own the 269,328-square-foot shopping center in partnership with Elgin, Ill.-based Wanxiang America Real Estate Group. Times Square Mall is located on the southeast corner of Broadway Street (State Route 15) and 42nd St. JC Penney, Dunham Sports and Peebles anchor the center. Other tenants at the center include rue21, Ross Dress for Less, GNC, Maurices, Claire’s, Bath & Body Works, Glik’s, Shoe Sensation, Subway and Wendy’s.
Retail
MANCHESTER, CONN. — Marcus & Millichap has arranged the leasehold sale of a two-tenant shopping center in Manchester. The 49,905-square-foot asset sold for $2.8 million. Dean Zang, Mark Taylor, Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company related to Skyline Pacific Properties of California. A Hartford County, Conn.-based buyer purchased the property.
PORTLAND, ORE. — House Spirits Distillery has leased 14,000 square feet in Portland. The new new distillery and tasting room will be located at 68 SE Stark Street in the city’s Central Eastside Industrial District. The company will occupy the space once the custom build out is completed this November. House Spirits was represented by Cara Nolan of CBRE. The landlord, Harsch Investment Properties, was represented by Todd DeNeffe of Cascade Commercial Real Estate.
AURORA, ILL. — Simon Property Group has broken ground on a 50-store expansion of Chicago Premium Outlets in Aurora. The multi-million dollar project will expand the outlet center by almost two-thirds for a future total of more than 170 stores. Among the new retailers slated to open in late spring 2015 will be Saks Fifth Avenue Off 5th, which will join the center’s current list of designer and name brands, including Adidas, Coach, Gap Outlet, Kate Spade New York, Levi's, Michael Kors, Polo Ralph Lauren, Theory, Vera Bradley and more. Expansion plans include the addition of fire pits, art installations, a pond, and the addition of approximately 1,900 parking spaces. The new stores will occupy 45 acres on a vacant industrial site just east of the current Chicago Premium Outlets at Farnsworth Avenue and Bilter Road. The project also calls for renovation of the existing center, including enhanced landscaping and newly paved sidewalks, upgraded seating and lounge areas, improved lighting, a fresh new paint color scheme and updates to the center's food offerings.
TOPEKA, KAN. — Mid-America Real Estate Corp.’s investment sales team brokered the $18 million sale of Wanamaker Shopping Center in Topeka, Kan. Fort Wayne, Ind.-based Equity Investment Group Inc. purchased the regional shopping center. Wanamaker Shopping Center is located at the southeast corner of Wanamaker Road and 17th Street in Topeka, Kan. Big Kmart, Hobby Lobby and Bed Bath & Beyond anchor the 269,875-square-foot center. Joe Girardi of Mid-America Real Estate Corp. in cooperation with Eric Gonsher of The R.H. Johnson Co. represented the seller, Kansas City, Mo.-based Eighteen Capital Group in the transaction.
WICHITA, KAN. — A new Sam’s Club has opened in Wichita, Kan. The 136,000-square-foot store is located at 3084 N. Maize Road. A grand opening ceremony for the new membership warehouse club took place on Thursday, July 17. Associates of Sam’s Club presented several local organizations with more than $18,000 in grants during the ceremony. The new store features a variety of members-only amenities, including a fresh bakery, tire and battery center, a café and a fuel station. Sam’s Club, a division of Wal-Mart Stores Inc., hired more than 180 new associates for the new store.
SEABROOK, N.H. — DDR Corp. has opened Seabrook Commons, a ground-up retail power center in Seabrook, a northern suburb of Boston MSA. The 380,000-square-foot retail center is 96 percent leased. Retail tenants include Walmart, Dick’s Sporting Goods, PetSmart, Michaels, ULTA, Famous Footwear and Five Below. Additionally, the center offers a variety of restaurants, including Panera Bread, Outback Steakhouse and Noodles & Company. Seabrook Commons serves a trade area population of 251,000 people with an average household income of $90,000.
SAN ANTONIO — James Avery, a Texas-based jeweler, has opened a new store at South Park Mall in San Antonio. The location features James Avery’s new store design. It’s the company’s ninth location in the San Antonio metroplex and its 70th store overall. The new store is located at 2310 SW Military Drive, just off I-35.
LEXINGTON PARK, MD. — Federal Capital Partners (FCP) and Westmoreland Partners have sold Lexington Village, a 160,000-square-foot shopping center, for $24.1 million. The 96 percent leased center is located at the intersection of Maryland Route 235 and Buck Hewitt Road in Lexington Park. After acquiring the property in 2010, FCP and Westmoreland completed the development of the property.
FLOWOOD, MISS. — Inland Real Estate Income Trust Inc. has acquired Dogwood Festival Shopping Center, a 187,610-square-foot retail center located in Flowood, roughly 10 miles northeast of Jackson. Lou Quilici of IREIT Business Manager & Advisor Inc. brokered the transaction. The property is 97.8 percent leased to 36 tenants, including T.J. Maxx, HomeGoods, Old Navy, Gap, Men’s Wearhouse and Hibbett Sports.