HONOLULU — Bloomingdale's has announced its plans to enter the Hawaiian market. It will open a 167,000-square-foot, three-level store at the Ala Moana Center in Honolulu in fall 2015. The new store will be located in a portion of Ala Moana that is set to undergo a significant redevelopment, which will commence in 2014. Macy’s, Bloomingdale's parent company, already has an outpost at the center. Ala Moana is owned by General Growth Properties.
VERO BEACH, FLA. — CB Richard Ellis (CBRE) has brokered the sale of South Vero Square, a 147,417-square-foot neighborhood retail center located in Vero Beach, for $7.8 million. Constructed in 1989, the center is situated at the corner of U.S. Highway 1 and Oslo Road. Its anchor tenant is Publix, and its outparcel tenants include Wendy’s, McDonald’s and Seacoast National Bank. Occupancy was 61.5 percent at the time of the sale. The CBRE team of David Donnellan, Todd Weintraub, Casey Rosen and Dennis Carson represented the seller, Florida-based Vero Beach Shopping Center Associates LP. The buyer was Indian River Holdings LLC.
HILLSBOROUGH, N.C. — Ziff Properties has acquired the small-shop retail portion of the Hampton Pointe shopping center in Hillsborough. The Class A property totals 38,253 square feet and is located at 525 Hampton Pointe Blvd. It was 81 percent occupied at the time of closing. Shadow anchors for the property include Walmart Supercenter and The Home Depot. The sale also included a pad site that can accommodate 35,000 square feet of future retail development. Christian Chamblee and Michael Pigg provided in-house representation for Ziff. Andrew Margulies of Marcus & Millichap represented the seller, Tribek Properties, who first developed the property in 2004.
HARDY, VA. — Divaris Real Estate has arranged the sale of a 10,800-square-foot, freestanding retail property located at 12935 Booker T. Washington Highway in Hardy. The property is triple-net leased to CVS/pharmacy, which has 17 years remaining on its term. American Realty Capital acquired the property at a 6.76 percent cap rate. Brett McNamee of Divaris’s Richmond, Va., office represented the undisclosed seller.
MOUNT PROSPECT, ILL. — Essex Realty Group Inc. has arranged the $3.8 million sale of 1701 E. Kensington Road, a 15,120-square-foot building in Mount Prospect, a northwest suburb of Chicago. Walgreens occupies the property, which was constructed in 1999. David Schwartz and Matt Welke of Essex were the brokers in the transaction.
CARROLLTON, TEXAS — CBRE’s Private Capital Group in Dallas arranged the sale of Hebron Heights Shopping Center in Carrollton. The 59,356-square-foot neighborhood shopping center is located in northwest Dallas at the corner of Hebron Parkway and Old Denton Road. Hebron Heights Shopping Center is 87 percent occupied with a tenant roster including Tuesday Morning, Dunkin’ Donuts/Baskin Robins, Just Fitness 4U and Quiznos Subs. The buyer, an affiliate of the Tabani Group, purchased the center for an undisclosed amount. Jennifer Pierson and Beth Pierson of CBRE’s Dallas office represented the seller.
FRISCO, TEXAS — Chick-fil-A Inc. has purchased a 1.3-acre retail site at the Hickory Center at Preston, a Walmart-anchored shopping center located at the southwest corner of Preston Road and Gary Burns Drive in Frisco. Ken Reimer, Amy Pjetrovic-Hunnicut and Katie Vance of Venture Commercial represented the seller, Allegiance Frisco LP, in the transaction. David Hardesty of Hardesty Realty Group represented Chick-fil-A.
HOLLYWOOD, FLA. — Florida developer Stiles has commenced construction for West Lake Commons, a $35 million retail project located at 1700 Sheridan Street in Hollywood. The project will be built on the site of the former Hollywood Lincoln Mercury dealership at the corner of Sheridan Street and South Federal Highway. Stiles will construct an 80,000-square-foot center to be anchored by Publix. Additional tenants already announced include Pollo Tropical and Starbucks. The project will also include up to 20,000 square feet of outparcel space. Completion is expected in the second quarter of 2014.
ROSEVILLE, MICH. — Lormax Stern Development Co. has purchase Macomb Mall, located at 32233 Gratiot Ave. in Roseville. Constructed in 1964, the 921,000-square-foot Macomb Mall is located near I-94. The new owners plan to renovate the single-story building, which include both interior and exterior upgrades. The sale price of the property was undisclosed. Macomb Mall features more than 85 specialty stores, including Aeropostale, American Eagle Outfitters, Bath & Body Works, Charlotte Russe, Helzberg Diamonds, and resturants such as National Coney Island and Olga’s Kitchen.
TEXAS — Gander Mountain, an outdoor equipment retailer based in St. Paul, Minn., has plans to open four new stores in Texas this fall. The four stores will be located in Lewisville, Mesquite, Round Rock and San Antonio. The Lewisville store will be located at 723 Hebron Parkway in the Lakepointe Towne Crossing Shopping Center and will span 45,000 square feet. The Mesquite store will be home to the first Gander Mountain Firearms Super Center in Texas. The 31,000-square-foot store will be located at 3775 Childress Ave. The Round Rock store will span 49,000 square feet and be located in the Round Rock Shopping Center at 3021 S. Interstate 35. The San Antonio store will also span 49,000 square feet and be located in the Westover Marketplace Shopping Center at 8203 State Highway 151. The retailer expects to create approximately 350 jobs with the new stores.