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.
LEWIS CENTER, OHIO — A private developer has sold a 6,890-square-foot strip center in Lewis Center, located about 20 miles north of Columbus, for $1.9 million, or $276 per square foot. The retail property was fully occupied at the time by Starbucks, Verizon Wireless and Pizza Hut. The buyer was undisclosed. Mark Luttner of Luttner Real Estate Investment Services marketed the property on behalf of the seller.
ROGERS, MINN. — Gander Mountain has signed a 30,000-square-foot lease at 20870 Rogers Drive in Rogers, located about 25 miles northwest of Minneapolis. Gander, an outdoor gear retailer, is occupying a former Best Buy location, which opened Tuesday. Tricia Pitchford, Kim Meyer and Brad Kaplan of Cushman & Wakefield/NorthMarq represented the landlord, LaSalle Investment Management, in the lease transaction. John Ferlita of CBRE represented Gander Mountain.
NEW YORK CITY AND POMPTON LAKES, N.J. — Marcus & Millichap has arranged the sale of two retail properties in Manhattan’s West Village and one mixed-use property in Pompton Lakes, N.J. for $26.6 million. The buildings in New York City include 333 Sixth Avenue, a retail condominium that sold for $16.5 million and 192 Seventh Avenue South, a net-leased retail property that sold for $4.1 million. The property in Pompton Lakes, N.J., which includes four mixed-use assets, sold for $6.5 million and is located at 226-247 Wanaque Ave. Mark Gjonbala of Marcus & Millichap represented the buyer of the two Manhattan properties, The Jackson Group, and the sellers, Florida-based YMZ Realty LLC and Tilou Realty Corp. Gjonbalaj also advised the buyer of 226-247 Wanaque Avenue, Ocean Lake Realty LLC, a New Jersey-based investor. Barbara Dansker and Michael Lombardi of Marcus & Millichap represented the seller, Alrose Pompton LLC, in the New Jersey transaction.
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.