ARLINGTON, TEXAS — Pie Five Pizza Co. has opened its 10th corporate-owned location in the Dallas/Fort Worth area and its 11th store overall. The new Pie Five restaurant will located at 2151 N. Collins St., Suite 105 in Arlington. The restaurant is nearly 2,000 square feet and can accommodate approximately 70 patrons. Pie Five has awarded agreements for another 37 restaurants to-date in Utah, Charlotte, North Carolina, Florida and Kansas City.
TULSA, OKLA. — Marcus & Millichap has arranged the sale of a 7,164-square-foot Macaroni Grill restaurant in Tulsa. The restaurant is located at 6603 S. Memorial Drive. Jason Vitorino and Jared Aubrey of Marcus & Millichap's Dallas office represented the seller, a limited liability company, in the transaction. Vitorino and Aubrey procured the buyer, also a limited liability company. Tim Speck of Marcus & Millichap's Dallas office assisted in closing the transaction.
TUALATIN, ORE. — Timberland Town Center, a 90,000-square-foot center, is set to break ground soon in Tualatin. The $30-million development will be located at N.W. 118thAve. It is scheduled to open in fall 2014. Oregon-based grocer Market of Choice will anchor the center. The new development is part of the Timberland Master Plan, which will eventually include additional housing, a middle school and a community garden. The center is being developed by Gramor Development and designed by LRS Architects. Leasing will be handled by New & Neville Real Estate Services.
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.
TIFTON, GA. — Jones Lang LaSalle (JLL) has brokered the sale of Tifton Corners, a 186,629-square-foot shopping center located at 21 Virginia Ave. South in Tifton. Tenants of the center include Big Lots, Save A Lot, Tractor Supply Co., Dollar Tree, Citi Trends and Hibbett Sports. Occupancy was 84 percent at the time of closing. JLL’s Margaret Caldwell and Kris Cooper represented the seller, Atlanta-based RCG Ventures. The buyer was a Georgia-based limited liability company. The acquisition price was not released.
DARIEN AND CHICAGO HEIGHTS, ILL. — Syndicated Equities Investment Sales Group has arranged the sale of two Walgreens-leased buildings in Darien and Chicago Heights for a combined total of $9.1 million. Each building spans 15,120 square feet and is leased to Walgreens on a long-term basis. The building in Darien sold for $4.9 million and the Chicago Heights property sold for $4.2 million. Isaac Metzger and Jason Schwartz of Syndicated Equities represented the sellers, separate ownership groups, in each transaction.
EVERMAN, TEXAS — Quantum Real Estate Advisors Inc. has brokered the sale of an 8,000-square-foot Family Dollar store in Everman. The property sold to an Iowa-based private fund for $1.2 million. The store is a build-to-suit for Family Dollar, which has 10 years remaining on its initial 10-year lease. Jordan Kaufman of Quantum represented the seller, a private developer, in the transaction.
ROANOKE, TEXAS — Cinemark Holdings Inc. has closed on its purchase of 10 acres of land in Roanoke, located at the junction of Highways 170 and 140. The site will be the location of a new 14-screen, all-digital movie theater. The new theater will showcase the company's new Cinemark NextGen design, which features wall-to-wall, ceiling-to-floor screens; enhanced sound systems; and 4K digital projection powered by Barco projectors. Cinemark XD, the company's exclusive large-screen format, will be utilized in the theater, which is slated to open in spring 2015. In addition, the theater will also feature a Cotton Patch Cafe restaurant.
TUALATIN, ORE. — Timberland Town Center, a 90,000-square-foot center, is set to break ground soon in Tualatin. The $30-million development will be located at N.W. 118th Ave. It is scheduled to open in fall 2014. Oregon-based grocer Market of Choice will anchor the center. The new development is part of the Timberland Master Plan, which will eventually include additional housing, a middle school and a community garden. The center is being developed by Gramor Development and designed by LRS Architects. Leasing will be handled by New & Neville Real Estate Services.
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.