MIDDLEFIELD, OHIO — E&H Hardware Group has signed a lease for a 12,488-square-foot Ace Hardware store in Middlefield. The hardware store will take over the former Paul's Lumber space in the spring of 2013. Brad Kowit and Tori Nook of Kowit & Passov Real Estate Group represented the tenant, E&H Hardware Group, in the transaction.
MARIETTA, OHIO — The 109,856-square-foot Lafayette Center, a shopping center in Marietta, is on the market. Steven Siegel of Marcus & Millichap is spearheading the marketing efforts for the seller, and the property is listed at $10.1 million or $92 per square foot. The center is currently 91.5 percent occupied and tenants include Peebles, JoAnn Fabrics and Family Dollar. The property is situated off Interstate 77, also known as Vietnam Veterans Memorial Highway.
NEW YORK CITY — Besen & Associates has arranged the $3.1 million sale of 194 Orchard St., a 2,308-square-foot retail property between East Houston and Stanton streets. VIP Leather Gallery previously occupied the space, which is now vacant. The property is zoned for a mixed-use development with approximately 9,220 buildable square feet. Orchard Street, located on the Lower East Side, is lined with low-rise tenement brick buildings and many retail shops. Bobby Khurana of Bensen & Associates represented the seller in the transaction. Hilly Soleiman, also of Bensen, represented the buyer, a local private investor.
DALLAS — Bright Realty has arranged the sale of a 4,658-square-foot, three-tenant retail center, located at 4501 Maple Ave. in Dallas' Medical District. David Choe of Bright Realty represented the buyer in the transaction. Tommy Tucker of UCR Investments represented the seller.
LOS ANGELES – A 6,273-square-foot retail property located at 921 N. La Cienega Blvd. in Los Angeles has sold to John Nelson Antiques for $4.3 million. The property resides in the La Cienega Design Quarter. The seller, Bausman & Company, was represented by Douglas Golden of NAI Capital’s Orange County office.
RALEIGH, N.C. — Atlanta-based RCG Ventures has completed a Toys “R” Us and Babies “R” Us combination store in Poyner Place Shopping Center, which is adjacent to Triangle Town Center Mall in Raleigh. The project featured ground-up construction of the 59,101-square-foot build-to-suit Toys “R” Us and Babies “R” Us store under one roof. Catamount Constructors worked in conjunction with RCG Ventures.
HIXSON, TENN. — Hixson Crossing, a 12,640-square-foot retail center, has sold for $3.4 million. Bob Havasi of Cooper Commercial Investment Group represented the seller, a Tennessee-based private investor, in the transaction. Hixson Crossing is located in Hixson, a suburb of Chattanooga, Tenn., and is anchored by Aspen Dental. Other tenants include Sun Tan City, Gigi’s Cupcakes, Batteries Plus, Inkredible Cartridge and Achieve Medical Weight Loss. A South Carolina-based private investment group purchased the retail property.
DALLAS AND HOUSTON — AutoNation has signed agreements to acquire Audi, Porsche and three Volkswagen dealerships in the Dallas area, along with Spring Chrysler Jeep Dodge Ram in Houston. The six dealerships are projected to sell 14,000 new and used vehicles in 2012. At the end of this deal, AutoNation will have 50 franchises in Texas. The Boardwalk Audi and Boardwalk Porsche are located in Plano and the Boardwalk Volkswagen stores are located in Dallas, Richardson and McKinney.
LOS ANGELES – A 6,273-square-foot retail property located at 921 N. La Cienega Blvd. in Los Angeles has sold to John Nelson Antiques for $4.3 million. The property resides in the La Cienega Design Quarter. The seller, Bausman & Company, was represented by Douglas Golden of NAI Capital’s Orange County office.
SNELLVILLE, GA. — A joint venture between Bayer Properties LLC and institutional investors advised by JP Morgan Asset Management has acquired The Avenue Webb Gin from Cousins Properties Inc. The Avenue Webb Gin is a 351,007-square-foot, outdoor center in Snellville, a northeastern suburb of Atlanta. The project, which opened in 2006, includes restaurants, retail and office space. Tenants include Barnes & Noble, White House/Black Market, Chico's, Francesca's Collections, DSW Shoes, Ted's Montana Grill and Romano's Macaroni Grill. Pizzeria Venti has recently signed a lease and will open soon at The Avenue Webb Gin. This marks Bayer Properties’ first asset in Georgia. Eastdil Secured represented the seller in the transaction.