Retail

Vineyard Vines Opens First Ohio Store at Easton Town Center

by Danielle Everson February 18, 2015

COLUMBUS — Vineyard Vines, a clothing and accessories retailer, has opened a 3,000-square-foot store at Easton Town Center in Columbus. The retailer leased space at the property located at 160 Easton Town Center. The store is the brand’s third Midwest location after Chicago and St. Louis. The Georgetown Co. and Steiner + Associates developed Easton Town Center, a 1.7 million-square-foot shopping center that opened in 1999. Vineyard Vines plans to open 10 more stores in major markets throughout the U.S. by the end of 2015.

February 18, 2015

Retail Texas

Baker Katz Completes Redevelopment of Shopping Center in Port Arthur

by Haisten Willis February 18, 2015

PORT ARTHUR, TEXAS — Baker Katz has completed the renovation of a 90,000-square-foot retail center in Port Arthur. Located at the corner of Highway 69 and FM 365, Baker Katz transformed the single-tenant building into a multi-tenant center, with interior and exterior property renovations as well as added an additional 7,000-square-foot building. Port Arthur Center is fully leased to tenants including Hobby Lobby, Party City, PetSmart, Firehouse Subs, Cash Store, Gulfside Dental and Chipotle Mexican Grill. The 57,300-square-foot Hobby Lobby and 14,000-square-foot Party City are open and fully operating, while the remaining tenants are slated to open in late 2015. Baker Katz purchased the building from the Sutherland Lumber Co. in 2012.

February 18, 2015

Georgia Restaurant Retail Southeast

Westside Ironwroks in Atlanta Adds Retailer, Restaurants to Tenant Roster

by John Nelson February 18, 2015

ATLANTA — Westside Ironworks, a 19,000-square-foot, $8.5 million retail redevelopment in Atlanta’s West Midtown neighborhood, has added three new tenants, bringing its pre-leasing to 75 percent occupancy. The new tenants include O-Ku (3,200 square feet), a Southern-style sushi restaurant; Dixon Rye (5,000 square feet), an upscale, rustic-style home furnishings retailer; and Tom+Chee (2,600 square feet), a café-style, comfort food restaurant known for its Grilled Cheese Donut. All three retailers are expected to open this fall. The Westside Ironworks redevelopment transforms the former site of Iron-Works International Inc. into a retail destination. The project is spearheaded by Westside Ironworks LLC, a partnership between Frank Buonanotte and Jeff Stein. Buonanotte is the founder and chairman emeritus of The Shopping Center Group and the founder and principal of Metro Real Estate Investment Advisors, a real estate investment fund. In 2010, Stein founded Stein Investment Group, which has invested in and is actively acquiring real estate throughout metro Atlanta and the Southeast.

February 18, 2015

New York Northeast Retail

Marcus & Millichap Brokers Sale of 107,065 SF Retail Property in New York

by Amy Works February 18, 2015

SPENCERPORT, N.Y. — Marcus & Millichap has arranged the sale of Spencerport Village Plaza, a retail property located at 27 Slayton Ave. in Spencerport. A private institution purchased the 107,065-square-foot property for $8.8 million. Joseph French, Thomas Dalzell, Mike James and Nathan Barnes of Marcus & Millichap represented the seller, a private investor, and the buyer in the transaction.

February 18, 2015

Florida Retail Southeast

Colliers Brokers $6.6M Sale of CVS/pharmacy in Orlando

by John Nelson February 18, 2015

ORLANDO, FLA. — Colliers International has brokered the $6.6 million sale of a 13,813-square-foot, single-tenant retail property at 5886 Conroy Road in Orlando. The triple-net leased asset is fully leased to CVS/pharmacy. Confl LLC purchased the asset from ECK 51 Conroy LLC. Cynthia Shelton and Kane-Morris Webster of Colliers International Central Florida, along with Jereme Snyder and Eric Carlton of Colliers International Greater Los Angeles, represented the seller in the transaction. CVS/pharmacy has roughly 10 years remaining on its lease.

February 18, 2015

California Multifamily Retail

San Francisco Apartment Building Sells for $3.6M

by Nellie Day February 17, 2015

SAN FRANCISCO – A 12-unit apartment building in San Francisco has sold to a limited liability company for $3.6 million. The community is located at 312 Baker Street. It was built in 1905. The buyer and seller, private investors, were represented by Clinton Textor and Marques Fields of Marcus & Millichap’s San Francisco office.

February 17, 2015

Nevada Retail Western

Flip N Tag Leases Space at The Mall at Grand Canyon in Las Vegas

by Nellie Day February 17, 2015

LAS VEGAS – Flip N Tag has leased 41,500 square feet at The Mall at Grand Canyon in Las Vegas. The family fun center will be located at 4245 S. Grand Canyon Drive. The 120-month lease is valued at $3.3 million. The landlord, E-Grand Ventures LLC, was represented by Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank.

February 17, 2015

Indiana Midwest Retail

Baceline Investments Acquires Retail Center in Indianapolis for $2.5 Million

by Danielle Everson February 17, 2015

INDIANAPOLIS — Baceline Investments LLC has acquired Madison & Edgewood Shoppes, a 48,716-square-foot retail center in Indianapolis, for $2.5 million. The property is located at 5855 Madison Ave. Baceline Investments acquired the property from Florida-based HPH FUND I D4 LLC, an affiliate of HPH Capital Management LLC. The property was 68 percent occupied at the time of sale. Tenants include Great Clips, Edward Jones, Hallmark and Edgewood Family Dental. The retail center’s anchor tenant, Kroger, is not part of the acquisition.

February 17, 2015

Midwest Missouri Retail

Chambers Real Estate Services Arranges Sale of 112,000 SF Shopping Center

by Danielle Everson February 17, 2015

SPRINGFIELD, MO. — Chambers Real Estate Services LLC has arranged the sale of a 112,000-square-foot shopping center in Springfield. A local investor purchased the property for an undisclosed price. Brentwood Center is located at 2620-2752 S. Glenstone Ave. and is across the street from Battlefield Mall, the area’s sole regional mall. Chambers Real Estate Services represented the seller, a fourth generation family who originally developed the property.

February 17, 2015

Walmart Neighborhood Market Tamarac Florida

Florida Retail Southeast

Walmart Neighborhood Market Opens New Store in Florida

by John Nelson February 17, 2015

TAMARAC, FLA. — Wal-Mart Stores Inc. has opened a new 41,500-square-foot Walmart Neighborhood Market in Tamarac. The store, which will be open 24/7, is located at 6931 N.W. 88th Ave. The new store is expected to create roughly 95 full- and part-time jobs and features a drive-thru pharmacy and a pickup counter for items ordered online. Wal-Mart Stores had more than $473 billion in sales in fiscal year 2014 in its 11,202 stores and online. The company employs more than 2 million associates worldwide.

February 17, 2015

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