BEVERLY HILLS, CALIF. — An 18,205-square-foot retail and office building in Beverly Hills that is fully leased to Giorgio Armani was sold to Jenel Management for an undisclosed sum. The building is located at 9533 Brighton Way between Rodeo and Camden driveswithin the city’s Golden Triangle district. The seller, GLL Real Estate Partners, was represented by Michael Zietsman and Patrick Inglis of Jones Lang LaSalle.
CHESAPEAKE, VA. — Cloud9 Trampoline Park has leased 18,802 square feet in Chesapeake to develop an entertainment, fitness and sports facility, scheduled to open this July. The facility will be located at 825 Greenbrier Circle Corporate Center. The site will feature a trampoline dodgeball stadium, a foam pit and numerous trampolines. On weekend nights, the facility will include laser lights and disc jockeys. Perry Frazer of CBRE|Hampton Roads represented the landlord in the transaction. Matt Wilbricht, also of CBRE|Hampton Roads, represented the tenant.
ATLANTA — LA Fitness has finished remodeling five of its health clubs in the Atlanta area, which together total 219,500 square feet. The remodeling work was completed on a rolling schedule in March, with the average club closure being four days. All five of the facilities now feature pieces of new cardio and strength equipment, and dumbbells. Each club also received some or all of the following work: new and updated lighting, new carpet, paint, graphic wall coverings and refinished wood floors in the aerobics room and basketball and racquetball courts. The upgraded locations include 1860 Duluth Highway in Lawrenceville; 2995 Cobb Parkway in Atlanta; 3755 Carmia Drive S.W. in Atlanta; 11720 Medlock Bridge Road in Duluth; and 5330 Windward Parkway in Alpharetta.
LITTLE ELM, TEXAS — The Weitzman Group has brokered the sale of The Village at Eldorado, a 59,820-square-foot neighborhood center located at 2831 W. Eldorado Parkway in Little Elm, bordering Frisco. The center's tenant roster includes CVS/pharmacy, Starbucks, Capital One Bank, Dickey's Barbeque Pit, Mooyah's Burgers, Pick Six Bar & Grill, The Marble Slab, The UPS Store, Mexigo and Orange Leaf Yogurt. Greg McDonald of The Weitzman Group represented the buyer, Marque Enterprises LLC, an investment group based in California. Joe Wojdowski of San Diego-based Epsteen & Associates also represented the buyer in the transaction. James Hancock of Dallas-based Sperry Van Ness | Hancock represented the seller, CMC LP.
EL PASO, TEXAS — Dallas-based Venture Commercial Real Estate arranged two lease transactions for retailers expanding into El Paso retail centers. Bryan Cornelius and Chris Corbin of Venture Commercial represented teen fashion retail rue21 in its 5,000-square-foot lease at El Paseo Marketplace, located at 1846 Joe Battle Blvd. The landlord, River Oaks Properties, was self-represented. The new rue21 will be the retailer's fourth store in El Paso. Additionally, Larry Leon and Ross McCook of Venture represented Jared, The Galleria of Jewelry in its 6,057-square-foot lease at The Fountains at Farah, a 600,000-square-foot open air lifestyle center, located at the northeast corner of Interstate 10 and Hawkins Boulevard. Leon and McCook worked alongside Herbert Prince and Stu Solomon of Pacific Realty Partners in representing the tenant. Walt Davis of Centergy Retail LLC represented the landlord.
BEVERLY HILLS, CALIF. — An 18,205-square-foot retail and office building in Beverly Hills that is fully leased to Giorgio Armani was sold to Jenel Management for an undisclosed sum. The building is located at 9533 Brighton Way between Rodeo and Camden driveswithin the city’s Golden Triangle district. The seller, GLL Real Estate Partners, was represented by Michael Zietsman and Patrick Inglis of Jones Lang LaSalle.
BEVERLY HILLS, CALIF. — An 18,205-square-foot retail and office building in Beverly Hills that is fully leased to Giorgio Armani was sold to Jenel Management for an undisclosed sum. The building is located at 9533 Brighton Way between Rodeo and Camden driveswithin the city’s Golden Triangle district. The seller, GLL Real Estate Partners, was represented by Michael Zietsman and Patrick Inglis of Jones Lang LaSalle.
ATLANTA — Coro Realty Advisors LLC has acquired the 18,537-square-foot retail portion of The Brookwood, an 18-story condominium tower in South Buckhead. The street-level retail space is currently leased to Watershed restaurant, which recently relocated to the tower from Decatur, Ga., and the Saltyard gastropub, scheduled to open later this spring. The Class A tower is located at 1820 Peachtree Road. Joe Montgomery, Tony D'Ambrosio and Coleman Morris of Colliers International represented the seller, ST Residential, in the transaction. Coro Realty Advisors was self-represented.
HUNTSVILLE, ALA. — GBT Realty has completed construction on Huntsville's first Academy Sports + Outdoors. The 72,000-square-foot store, which opened April 26, sits on eight acres on the northeast corner of U.S. Highway 72 and West Nance Road. The sports, outdoor and lifestyle retailer has more than 160 locations throughout the Southeast, including a store in nearby Decatur, Ala. Reed Construction served as the site contractor on the project and Stewart Perry Construction was the general contractor.
SANFORD, FLA. — Marcus & Millichap has arranged the $6.8 million sale of Towne Center Plaza, an 82,098-square-foot retail property in Sanford. The property, located at 100-400 N. Mall Entrance Road, was built in 1998. Tenants include Books-A-Million, West Marine, JoAnn Fabric, Hobby Lobby and Honey Baked Ham. The property shares the same parking as the Seminole Towne Center Mall. Rob Keeler of Marcus & Millichap represented the seller, a limited liability company, in the transaction. He also represented the buyer, a partnership.