DALLAS — Dallas-based 7-Eleven Inc. has retained NRC Realty & Capital Advisors to sell 139 gas stations/convenience stores across the U.S. The stores are located in Texas (83), Florida (31), Ohio (11), Pennsylvania (eight), Utah (five) and Wisconsin (one). Of the Texas stores, 43 are located in Dallas/Fort Worth, 10 in San Antonio, 10 are near Austin and remainder are located throughout east Texas. The store's lot sizes range from 10,000 square feet to 75,000 square feet and the store sizes range from kiosks to 6,700 square feet. All sites are being sold without 7-Eleven branding.
LAKEWOOD, WASH. — Lakewood Colonial Center, a 114,691-square-foot retail center, has sold to Westwood Financial Corp. for an undisclosed sum. The center is located at 9400 Gravelly Lake Drive and 9310 Bridgeport Way in Lakewood, which is southwest of Tacoma. It contains two parcels, a 75,000-square-foot North Block and a 40,000-square-foot East Block. Westwood purchased the REO center from a local bank.
TYLER, TEXAS — Martin Roberts Design, a Stamford, Conn.-based retail design company, has completed the flagship store for Swann's Furniture & Design in Tyler. The $4.4 million store is located at 7328 Old Jacksonville Highway. In addition to Martin Roberts design, the project team includes general contractor Abby Developments and structural engineer Mike Marler of P.E./Engineering & Safety Consultants. Swann's Furniture & Design has been in business for 117 years and is now under its fifth generation of ownership.
LAKEWOOD, WASH. — Lakewood Colonial Center, a 114,691-square-foot retail center, has sold to Westwood Financial Corp. for an undisclosed sum. The center is located at 9400 Gravelly Lake Drive and 9310 Bridgeport Way in Lakewood, which is southwest of Tacoma. It contains two parcels, a 75,000-square-foot North Block and a 40,000-square-foot East Block. Westwood purchased the REO center from a local bank.
DIAMOND BAR, CALIF. — Diamond Hills Plaza, a 139,314-square-foot grocery- and drug-anchored neighborhood retail center in Diamond Bar, has sold to Retail Opportunity Investments Corporation (ROIC) for $48 million. The center is located at 2711 S. Diamond Bar Blvd. It is 99.4 percent leased to tenants like the Asian supermarket chain Super H-Mart, Rite-Aid Pharmacy, Starbucks, Burger King, KFC, HSBC Bank, Pacific Dental and Flame Broiler. The seller, Country Hills Holdings, LLC, was represented by Dixie Walker, Charley Simpson and Tom Blake of Cassidy Turley.
SALEM, N.C. — COLE Capital has acquired a 21,018-square-foot grocery store in Salem, which will be occupied by The Fresh Market, for $4.6 million. The property is part of the Mount Tabor Place Development near Wake Forest University. Sean Patrick and Jason Powell of Ackerman & Co. represented the seller, Mount Tabor Place II LLC, in the transaction.
CLEVELAND, OHIO — KeyBank Real Estate Capital has arranged $46 million in financing for Steelyard Commons, a retail shopping center located at 3447 Steelyard Drive in Cleveland. John Hofmann, Michael Keach and Katie Allinder of KeyBank’s Income Property Group worked with Steelyard Commons LLC to negotiate a $40 million first mortgage through Barclays. The group also secured a $6 million mezzanine loan through Investcorp, which paid off an existing KeyBank loan. Steelyard Commons sits at the intersection of I-71 and Jennings Freeway, along the western edge of Cleveland’s industrial valley. The shopping center, which opened in January 2007, includes a combination of retail stores, restaurants and recreation facilities.
LADUE, MO. — The Women’s Exchange, a nonprofit organization, has signed a 10-year, 6,000-square-foot lease at Colonial Marketplace in Ladue, a western suburb of St. Louis. The organization is moving from a 4,000-square-foot location, located at 9214 Clayton Road, into the new space June 2013, when Colonial Marketplace opens. Jeff Altvater of Hilliker Corp. represented The Women’s Exchange, which will spend $500,000 to build out its space, in the transaction. The Women’s Exchange is a marketplace for women to earn a livelihood through the sale of their handmade goods. The DESCO Group and Idea Architects will renovate the store.
NEWTON, MASS. — Bierbrier Development has received approval from Newton officials for Needham Street Village Shops, a 19,000-square-foot, small-shop development at located at 55 Needham St. The project is set to begin construction this summer and will be ready for tenant occupancy in late 2013, with a grand opening slated for March 2014. The Needham Street Village Shops site is a 1.5-acre assemblage of two properties previously occupied by International Bicycle and Skipjack’s Restaurant. Worcester, Mass.-based Commerce Bank provided construction and acquisition financing, which was arranged by Kyle Juszczyszyn and Carlos Febres of CBRE New England.
DIAMOND BAR, CALIF. — Diamond Hills Plaza, a 139,314-square-foot grocery- and drug-anchored neighborhood retail center in Diamond Bar, has sold to Retail Opportunity Investments Corporation (ROIC) for $48 million. The center is located at 2711 S. Diamond Bar Blvd. It is 99.4 percent leased to tenants like the Asian supermarket chain Super H-Mart, Rite-Aid Pharmacy, Starbucks, Burger King, KFC, HSBC Bank, Pacific Dental and Flame Broiler. The seller, Country Hills Holdings, LLC, was represented by Dixie Walker, Charley Simpson and Tom Blake of Cassidy Turley.