VERO BEACH, FLA. — Kite Realty Group has acquired a 138,000-square-foot shopping center, located on U.S. Highway 1 in Vero Beach, for $15.2 million. Publix and Stein Mart anchor the center, which is 99 percent leased. As part of the transaction, the company assumed a $7.9 million mortgage.
NEW YORK CITY — Crocs, the casual footwear retailer, has signed a lease for 13,600 square feet at 152 West 34th St. in New York City. The store marks Crocs fourth location in Manhattan. Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in more than 90 countries. The new store is expected to open in the summer of 2013. Mark Stempel of CityVest Realty Corp. represented the landlord, The Riese Organization, in the transaction. Steven Greenberg of The Greenberg Group Inc. represented the tenant.
SELMA — HFF has arranged a $58.7 million loan for a 510,092-square-foot portion of The Forum at Olympia Parkway, a 1.2 million-square-foot power retail center located at the intersection of Interstate 35 and Loop 1604 in Selma. Tenants of the property include Bed Bath & Beyond, Ross Dress for Less, Best Buy, PetSmart, Office Max, Old Navy, T.J. Maxx and Toys “R” Us. Greg LaBine, Andy Scott and Campbell Roche of HFF arranged the loan through Northwestern Mutual on behalf of the borrower, AVR Realty Co.
MA’ALEA, HAWAII — Harbor Shops at Ma’alea, a 40,117-square-foot retail center in Ma’alea, has received $8 million in first-mortgage refinancing. The center’s primary tenant is Pacific Whale Foundation. The three-year loan features a 30-year amortization schedule. It was arranged by Ory Schwartz of NorthMarq Capital’s Los Angeles regional office.
GLENDALE, ARIZ. – Big Lots has leased 34,800 square feet in Glendale. The discount retailer will occupy the former Ultimate Electronics building at the northwest corner of Bell Road and 75th Avenue. Big Lots was represented by Chris Hinkson of Hinkson Company, LLC. The landlord, VP Arrowhead, LLC, (Vintage Partners), was represented by Mike Polachek and Brian Polachek of SRS Real Estate Partners.
FORT MILL, S.C. — Agree Realty Corp. has acquired a 7,560-square-foot Goodyear Tire & Rubber Co. store, located at 1790 Highway 106 W. in ForT Mill, for $2.4 million. Will Pike of CBRE Group represented the seller in the transaction.
DURHAM, N.C. — CBRE/Raleigh has arranged the $2 million sale of a 2.59-acre restaurant outparcel in South Square Shopping Center, located at 4055 Durham Chapel Hill Blvd. in Durham. A 10,020-square-foot former Golden Corral sits on the site. Charlie Coyne and Barry Bowling of CBRE/Raleigh represented Golden Corral of Durham, the seller, in the transaction.
ORLANDO, FLA. — A 9,014-square-foot Dollar General, located in Orlando, has sold for $1.8 million. Franklin Street represented the seller, a Gainesville, Fla.-based developer, in the all-cash transaction. The buyer was an Apollo Beach, Fla.-based private investor.
MAMARONECK, N.Y. — A retail building at 419-433 Mamaroneck Ave. in Mamaroneck has sold to a local investor for $3.4 million. The one-story, 7,200-square-foot property includes five retail stores and is fully leased. Richard Hendey of Houlihan Parnes Realtors represented the seller in the transaction.
CYPRESS — The Kroger Company has purchased 18 acres in the Towne Lake master-planned community, owned by Caldwell Cos., in Cypress to build a 120,000-square-foot store. Kroger will break ground in the fall at the southwest corner of Tuckerton Road and Barker Cypress. Besides the new Kroger, Towne Lake will also have a new mixed-use development known as The Boardwalk at Towne Lake, which will feature waterfront restaurants, shops and office space. The Boardwalk will break ground later this year and will include waterside parking for resident's boats.