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.
WYLIE — B&B Theatres has begun construction of a 12-screen movie theater, located along FM 544 and Country Club Road in Wylie. Lewisville-based Parkway Construction Co. is the general contractor for the theater, which is slated to open in April 2013. The all-digital projection theater will feature stadium seating, leather high-back rocker-style seats and wall-to-wall curved screens.
EL PASO — Best Buy has signed a lease to open a 37,740-square-foot store at The Fountains at Farah, a 600,000-square-foot power lifestyle center located at the northeast corner of Interstate 10 and Hawkins Boulevard in El Paso. The center is under construction and will open in the fall of 2013. Susan Ridley of Venture Commercial represented Best Buy in the lease transaction, and West Miller of Centergy Retail represented the landlord.
HOUSTON — Marcus & Millichap Capital Corp. (MMCC) has secured an $8 million CMBS loan for a 47,511-square-foot retail space in Houston. Peter Dunn of MMCC's Houston office arranged the 10-year loan with a 30-year amortization schedule and a 4.9 percent interest rate.
MISSION, KAN. — FREEBIRDS World Burrito has opened its first location in Kansas, located at 6029 Metcalf Ave. in Mission. The restaurant was founded in 1987 in California. The menu includes burritos with freshly chopped veggies, house-made rice and beans and grass-fed beef. FB Midwest Development, a franchisee for the chain, is also reportedly looking to open up an additional site in Mission, as well as locations in Columbia, Mo.; Omaha, Neb.; and Wichita, Kan.
SCHAUMBURG, ILL. — An affiliate of LEM Equities has purchased a 5,037-square-foot freestanding retail site in Schaumburg for $1.2 million. The property is located at 20 South Roselle Road and is occupied by Coldwell Banker. Stephen Lieberman and John Abuja of Marcus & Millichap represented the seller, Crosstown Real Estate Advisors. They also represented the buyer.
BARNEGAT, N.J. — Levin Management has signed Big Lots as the new anchor for Bayshore Plaza in Barnegat, which is slated to open in August. The broadline closeout retailer has signed a lease to fill 31,612 square feet, formerly occupied by A&P. The center is located on Route 9 on Bay Shore Drive. Levin Management represented the property owner in the transaction.
ALLEN — San Antonio-based Taco Cabana has opened a new location at 810 W. Stacy Road in Allen. Sprinkle & Co. Architects handled the restaurant's redesign. There are currently more than 156 Taco Cabanas operating in three states.