CAROL STREAM, ILL. —Hand & Stone Massage and Facial Spa has leased 3,200 square feet at Heritage Plaza located at Army Trail and County Farm roads in Carol Stream. This is the company’s fourth location in the Chicago metro area. Heritage Plaza is a 128,871-square-foot shopping center anchored by Jewel Osco and features four access points. Sean McCourt of CBRE represented the property management company, Inland American Retail Management LLC, and Baum Realty Group represented Hand & Stone in the transaction.
NORWALK, CONN. — GHP Office Realty has acquired 120 New Canaan Ave., a 24,732-square-foot shopping center in Norwalk, as part of a 1031 tax-deferred exchange. The property is located off Exit 38 on the Merritt Parkway and is within close proximity to Route 7 and Interstate 95. Eight tenants currently occupy the property, including Café Madrid, Banana Nails, A.S. Fine Foods, Rite Aid, State of the Art Cleaners, La Bella Salon, Liz Sue Bagels II and Little Tokyo. The shopping center currently has retail and medical suites available ranging from 1,500-3,250 square feet.
ROSENBERG, TEXAS — The San Antonio office of Transwestern has brokered the sale of Rosenberg Center, a 113,430-square-foot shopping center in the southwest Houston suburb of Rosenberg. Originally constructed in 1986, the facility is located at 5101 U.S. Highway 90-A. Previously anchored by Kroger, the property today is considered a value-add asset, as it is situated in Fort Bend County, touted as the 14th fastest-growing county in the country. Andy Besing of Transwestern represented the buyer, a private investor. The seller was Rosenberg Station LLC.
GASTONIA, N.C. — Greysteel has brokered the sale of 3090 E. Franklin Blvd., a Verizon Wireless store in Gastonia double net leased to Verizon Communications Inc. The store is an outparcel to Franklin Square, a shopping center anchored by Walmart and Best Buy. Tennant Properties of NC LLC purchased the store from GDC Gastonia LLC and JC Gastonia LLC for $3.2 million. Peter Snell, Henry Schuldinger and Rich Sillery of Greysteel represented the sellers in the transaction.
EVANSTON, ILL. — NorthMarq has arranged $2.5 million in financing for the redevelopment of Southpoint Plaza, a retail center in metro Chicago that will include Walgreens’ first net-zero energy retail store in the country. Engineers of Walgreens new store predict it will produce energy equal to or greater than it consumes. Walgreens plans to achieve a net-zero energy building by utilizing solar panels, wind turbines, geothermal technology, energy-efficient building materials, LED lighting and ultra-high-efficiency refrigeration. Construction of the new store began in March and is slated for completion in late November. Erik Kunz and Chris Leggee, vice president and assistant vice president of NorthMarq’s Chicago office, arranged the financing.
WILLIAMSTOWN, MASS. — EagleBridge Capital has arranged $1.3 million in construction and permanent mortgage financing on behalf of 384 Main Associates for Dollar General Plaza in Williamstown. Ted Sidel and Brian Sheehan, principals at EagleBridge, arranged the financing through a regional institution. Dollar General Plaza is a 10,235-square-foot shopping center located at 384 Main St. Proceeds from the loan will be used to fund the build-out of a new 8,860-square-foot Dollar General store and repay an existing mortgage. The plaza is triple-net leased to Dollar General and Subway, which occupies 1,375 square feet.
HOUSTON — The Mansour Group of Marcus & Millichap has brokered the sale of an LA Fitness facility in Houston for $12 million. The 45,000-square-foot property is located at 9633 Westheimer Road, in close proximity to Walmart, Home Depot, Target, Kroger and PetSmart, among other retailers. Alvin Mansour of the Mansour Group represented the seller, a major national REIT, in the transaction. Another institutional REIT was the buyer.
GLASSELL PARK, CALIF. — Goodwill Industries of Southern California has subleased 102,284 square feet of big-box retail space in Glassell Park from Home Depot. The space is located at 3150 San Fernando Road. It has been vacant for 10 years. The property will be utilized as a central hub for Goodwill once renovations are complete. Home Depot was represented by J. Richard LeynerandMichael Haim Sharon of NAI Capital’s Encino office.
MACOMB TOWNSHIP, MICH. — Bernard Financial Group has arranged a $2 million loan on behalf of Retail Works Funding LLC for Mill River Marketplace, an 11,440-square-foot retail property in Macomb Township. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan. Starwood Mortgage Capital LLC was the lender. The shopping center is located at the intersection of Hall and Garfield roads, about 30 miles north of Detroit.
WESTPORT, CONN. — The Kowalsky family of Westport has sold The Village, a 90,000-square-foot shopping center in Westport, for $54.3 million to Equity One Inc. As one of Westport’s longtime landowners, the Kowalsky family broke ground on the site in 1969 and completed construction on the center in 1974. The Fresh Market anchors the four-building retail center, which is located on 7.5 acres along both sides of Post Road East. Other tenants include Dunkin’ Donuts, Little Gym, The UPS Store, KOKO Fit Club and SweetFrog. Jon Angel, president, and Brett Sherman, senior vice president of Angel Commercial LLC, a Southport, Conn.-based commercial real estate brokerage firm, represented the seller in the transaction.