Retail

Envoy Provides $4.5M Construction Loan to Finance Goodwill Store in Henderson

by Nellie Day December 5, 2014

HENDERSON, NEV. — Envoy Net Lease Partners LLC has closed a $4.5 million loan for a new Goodwill of Southern Nevada store, the first to be funded under a multi-property construction facility. The first project, a 16,000-square-foot freestanding retail store in Henderson, will be situated across the street from the Nevada DMV and a Walmart Neighborhood Market anchored-shopping center. Envoy worked in tandem with its senior bank partner to provide the subordinated “B-piece” financing that allowed the developer borrower, Brentwood Capital Partners, to fund the construction of the Henderson store.

December 5, 2014

California Retail Western

The Marketplace at Windingwalk in Chula Vista Nabs Four New Tenants

by Nellie Day December 4, 2014

SAN DIEGO – The Marketplace at Windingwalk, a 104,206-square-foot retail center in the San Diego submarket of Chula Vista, has received four new tenants. The new residents include Denny’s, Sally Beauty, Millenia Dental and Massage Eden. The center is currently 92 percent occupied. Notable tenants include Wells Fargo, Bank of America, In-N-Out Burger and Oggi’s Pizza & Brewing Company. The newest tenants to open at the Marketplace at Windingwalk include El Michoacano, Moose’s Barbershop, Love Cupcake Café and Super Pollo. The property is owned by Shea Properties.

December 4, 2014

Northeast Pennsylvania Retail

The Feil Organization Sells 340,000 SF Shopping Center to Wharton Realty Group

by Amy Works December 3, 2014

PHILADELPHIA — The Feil Organization, as managing partner of the partnership of Feil, Chera & Goldman, has completed the disposition of One & Olney Square, shopping center located in North Philadelphia. Wharton Realty Group purchased the ShopRite-anchored center for an undisclosed price. Situated on 26 acres at 5675 North Front St., the 340,000-square-foot center is 85 percent leased to national and regional tenants, including Modell’s, Conway and Ashley Stewart. The property was built in 1986 and acquired by the Feil partnership in 2002. James Galbally of JLL represented The Feil Organization, while Wharton Realty Group was represented in-house for the transaction.

December 3, 2014

Illinois Midwest Retail

Ross Dress for Less Leases 28,000 SF at Alton Square Mall in Alton, Ill.

by Danielle Everson December 3, 2014

ALTON, ILL. — Cassidy Turley has arranged a retail lease in Alton, 15 miles north of St. Louis. Ross Dress for Less has leased 28,000 square feet at Alton Square Mall. The store will open in the first half of 2015 and will serve as one of the anchors for the 639,172-square-foot regional mall, which currently includes JC Penney, Macy’s and Illinois Wholesale Furniture. More than 85,000 square feet has been leased within the mall in the last year. Chase Young and Nick Cascella of Cassidy Turley represented the mall owner, Bloomington, Minn.-based NorthMarq Capital, in the transaction.

December 3, 2014

Illinois Midwest Retail

Millennium Properties Sells Five Former Dominick’s Gas Stations And Outlots 

by Danielle Everson December 3, 2014

CHICAGO — Millennium Properties R/E has brokered the $3.4 million sale of five former Dominick’s Finer Foods outlots throughout the suburbs of Chicago. The five outlots were sold as a portfolio to GMX Real Estate Group, a regional retail developer and real estate service company. Three of the properties – located in Fox Lake, Oswego and Shorewood – were developed as gas stations with small convenience stores. The stations have been decommissioned and are ready for redevelopment. Two outlots, in Aurora and Frankfort, are both zoned for retail or future gas station development. Chicago-based Millennium Properties is working with Safeway on the sale and lease assignment of several former Dominick’s properties throughout Chicagoland.

December 3, 2014

Illinois Midwest Retail

Yoga Six Signs Retail Lease in Chicago

by Danielle Everson December 3, 2014

CHICAGO — Mid-America Real Estate Corp. has arranged a new retail lease on behalf of Yoga Six in the River North neighborhood of Chicago. Yoga Six signed a lease for 5,600 square feet at 9 W. Erie St. The studio is a new construction project expected to open in early 2016. Paul Bryant and Michael Wexler of Mid-America represented the tenant in the transaction. New York-based Jenel Management Corp. is the landlord.

December 3, 2014

Restaurant Retail Texas

Cheesecake Factory to Open New Location in Fort Worth

by Haisten Willis December 3, 2014

FORT WORTH, TEXAS — The Cheesecake Factory will open a new location in downtown Fort Worth’s Sundance Square on Dec. 9. The new restaurant, located at 455 Commerce St., will include an 8,700-square-foot dining room with seating for up to 230 people. The restaurant is expected to bring a total of 245 new jobs and $10 million in annual revenue.

December 3, 2014

Restaurant Retail Texas

Baker Katz Arranges Lease of Five Chipotle Locations in Texas

by Haisten Willis December 3, 2014

HOUSTON, CORPUS CHRISTI, CYPRESS, HUNTSVILLE & SPRING, TEXAS — Baker Katz has arranged the lease of five Chipotle locations in Texas. The restaurants range in size from 2,000 to 3,000 square feet. The Chipotle restaurants are located in Corpus Christi, Houston, Cypress, Huntsville and Spring.

December 3, 2014

Georgia Retail Southeast

Avison Young Brokers $15M Sale of Shopping Center in Metro Atlanta

by John Nelson December 2, 2014

CUMMING, GA. — Avison Young has brokered the $15 million sale of Brannon Crossing, a 60,780-square-foot shopping center located at 405-435 Peachtree Parkway in Cumming, roughly 35 miles northeast of Atlanta. Brannon Crossing’s tenant roster includes Starbucks Coffee and T-Mobile. AJ Belt III, Brian Mark and David Duckworth of Avison Young represented the seller, Brannon Crossing LLC, in the transaction.

December 2, 2014

California Retail Western

Dr. Boyd’s Pet Resort Orange County to Open at Irvine Spectrum

by Nellie Day December 2, 2014

IRVINE, CALIF. – Dr. Boyd’s Pet Resort Orange County, a 25,328-square-foot pet boarding and veterinary care center, will open later this month at the Irvine Spectrum. The 24-hour facility will be located at 8645 Research Drive in Irvine. This particular Irvine Spectrum property sits adjacent to the Irvine Company’s new Los Olivos Marketplace, which is anticipated to open in spring 2016. The pet resort was represented by Eric Warfield of South Bay CRE. The landlord, Three Crowns Properties LLC, was represented by Don Yahn, Brett Swartzbaugh and Brian Booth of Cushman & Wakefield.

December 2, 2014

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