GARLAND — Marcus & Millichap has arranged the sale of a 6,500-square-foot El Chico Cafe, located at 1902 Eastgate Drive in Garland. Jason Vitorino and Nicholas Farris of Marcus & Millichap's Dallas office represented the seller, a limited liability company, in the transaction. Vitorino and Farris also represented the buyer, a local private investor.
LOS ANGELES – Three new culinary concepts have signed onto FIGat7th in Downtown Los Angeles. They include Sprinkles Cupcakes, Mendocino Farms and THE MELT. They will join fellow restaurants such as Juicy Lucy, Loteria Grill, Oleego, Morton’s The Steakhouse, California Pizza Kitchen and Starbucks at the shopping and dining establishment. All three concepts are scheduled to open in December. FIGat7th is owned by Brookfield Office Properties. The company was represented by Kevin Dee and Ted Slaught, the center’s exclusive retail-leasing agents.
CHICAGO — Summit Design + Build has been selected as the general contractor for the redevelopment of parcels at 70-104 E. Oak St., immediately east of the firm's ongoing renovation of the old Esquire Theater site in Chicago's Gold Coast neighborhood. The existing building will be demolished to make way for a new 14,200-square-foot retail building, designed for high-end retail and entertainment use. Upon completion of the Esquire renovation and the 70-104 W. Oak St. building, the projects will provide more than 17,000 square feet of ground-level retail space. Booth Hansen is providing architectural services for the project. Completion is scheduled for the first quarter of 2013.
CAMBRIDGE, MASS. — Shire Realty Corp. has acquired a retail property at 122-128 Cambridge St., located near Massachusetts General Hospital, for $3.2 million. The two-story building is known for Clear Channel's rooftop Apple billboard, which can be seen from Standard Street. The property houses a convenience store and yoga studio. Sean Ryan of NAI Hunneman represented the seller, Ozzy Properties, in the transaction. He also procured the buyer.
PORT ARTHUR — NAI Wheeler has brokered the sale of a 86,680-square-foot retail property once leased to Sutherlands, located at the intersection of Highway 69 and Highway 365 in Port Arthur. Lee Wheeler of NAI Wheeler represented the seller, Sutherlands, in the transaction. The buyer, a developer, plans to convert the location into a multi-tenanted retail site.
LOS ANGELES – Three new culinary concepts have signed onto FIGat7th in Downtown Los Angeles. They include Sprinkles Cupcakes, Mendocino Farms and THE MELT. They will join fellow restaurants such as Juicy Lucy, Loteria Grill, Oleego, Morton’s The Steakhouse, California Pizza Kitchen and Starbucks at the shopping and dining establishment. All three concepts are scheduled to open in December. FIGat7th is owned by Brookfield Office Properties. The company was represented by Kevin Dee and Ted Slaught, the center’s exclusive retail-leasing agents.
FARFIELD, CALIF. – An 8,996-square-foot building in Farfield that is net leased to Beverages & More (BevMo!) has sold to a private investor for $3.1 million. It is located at 1545 Holiday Lane. The buyer was represented by Jacob Levy of Marcus & Millichap’s San Francisco office.
SOUTHLAKE — Four retail merchants have signed leases for space at Southlake Town Square, an open-air lifestyle development located in Southlake. Daddy Jack's, a New England lobster house, has leased 4,820 square feet. The Ginger Man, Journey's and Motherhood Maternity have also leased space at the retail development. The tenants signed the leases with Town Square LP, a subsidiary of Retail Properties of America.
FARFIELD, CALIF. – An 8,996-square-foot building in Farfield that is net leased to Beverages & More (BevMo!) has sold to a private investor for $3.1 million. It is located at 1545 Holiday Lane. The buyer was represented by Jacob Levy of Marcus & Millichap’s San Francisco office.
POOLER, GA. — Atlanta-based Ben Carter Enterprises plans to break ground on a $200 million, 560,000-square-foot luxury outlet mall in Pooler, a Savannah, Ga. suburb, next spring. The Outlet Mall of Georgia projects to open in the summer of 2014 with four anchor retailers on a 170-acre site that offers space for more retail and hotel construction. Savannah-based Kern-Coleman & Co., an engineering and architectural firm, is working on The Outlet Mall of Georgia with Ben Carter Enterprises.
