Retail

DICK'S SPORTING GOODS, CORNER BAKERY COMING TO SHOPS AT LA PALMERA

by admin February 6, 2013

CORPUS CHRISTI, TEXAS — Fort Worth-based Trademark Property Co. will bring a 61,233-square-foot Dick's Sporting Goods anchor store and a 4,166-square-foot Corner Bakery Cafe to The Shops at La Palmera in Corpus Christi. Construction is set to begin soon on the Dick's Sporting Goods, which is anticipated to open this fall. Corner Bakery Cafe is scheduled to open in May. The Shops at Palmera is a 200,000-square-foot retail development located across from the La Palmera mall. The retail development underwent a two-year, $50 million renovation after Trademark and Institutional Mall Investors LLC purchased the property in 2008.

February 6, 2013

CHASE BANK BUILDING IN RIVERSIDE SELLS FOR $5M

by admin February 5, 2013

RIVERSIDE, CALIF. – A 6,160-square-foot, single-tenant property that is occupied by Chase Bank in Riverside has sold to a private Los Angeles investor for $5 million. The property is located at 10355 Magnolia Ave. The buyer was represented by George Y. Ragheb of Entrance Homes. The seller, 665 Claremont LP, was represented by William B. Asher, Kevin T. Fryman and Edward B. Hanley of Hanley Investment Group Real Estate Advisors.

February 5, 2013

Retail Western

JACK IN THE BOX PROPERTY IN FERNDALE SELLS FOR $2M

by admin February 5, 2013

FERNDALE, WASH. – A 2,812-square-foot, net-leased building in Ferndale that is occupied by Jack in the Box has sold to an unnamed buyer for $2 million. The property is located at 1819 Main Street. The seller, a limited liability company, was represented by Aaron Hines of Marcus & Millichap’s Seattle office.

February 5, 2013

Retail Southeast

SHEETZ GROUND LEASES TRADE FOR $3.7M

by admin February 5, 2013

LOUISBURG, N.C. AND PRINCETON, W. VA. — Marcus & Millichap has arranged the sale of two Sheetz ground leases in Louisburg and Princeton for a total of $3.6 million. The Louisburg location sold for $1.7 million, while the Princeton site sold for $1.9 million. Sheetz, a quick serve restaurant/convenient store with gasoline pumps, has 435 locations, with plans to reach 500 stores by 2015. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the buyer in the transaction. Brian Munn, also of Marcus & Millichap, represented the sellers.

February 5, 2013

Northeast Retail

AAG MANAGEMENT SELLS SHOPPING CENTER FOR $29M IN NEW JERSEY

by admin February 5, 2013

WOODCLIFF LAKE, N.J. — AAG Management Inc. has sold 500 Chestnut Ridge Road, a 70,000-square-foot, grocery-anchored retail center, for $29 million. The shopping center, which is located in Woodcliff Lake, was renovated in 2011 and is fully leased. A & P Supermarket anchors the property and other tenants include Luxury Nail & Spa, A+ Cleaners, Wine & Liquors and Marco Polo’s. Jose Cruz and Andrew Scandalios of HFF represented the seller. The buyer was a private entity.

February 5, 2013

Retail Western

CHASE BANK BUILDING IN RIVERSIDE SELLS FOR $5M

by admin February 5, 2013

February 5, 2013

Retail Western

JACK IN THE BOX PROPERTY IN FERNDALE SELLS FOR $2M

by admin February 5, 2013

February 5, 2013

Retail Western

LBG BUYS HOME DEPOT BUILDING IN HENDERSON FOR $13.5M

by admin February 4, 2013

HENDERSON, NEV. — LBG Realty Advisors has purchased a Home Depot building at the Sunset Plaza shopping center in Henderson for $13.5 million. Home Depot anchors the center. The acquisition also includes an undeveloped pad that could house an additional 6,000-square-foot building. LBG purchased the building in partnership with an affiliate of Aviva Investors North America. The seller was SMA Ltd.

February 4, 2013

Northeast Retail

42,176 SF FINE ARTS BUILDING IN NYC SELLS FOR $34M

by admin February 4, 2013

NEW YORK CITY — Brown Harris Steven, a luxury real estate firm, has arranged the sale of The Fine Arts Building for $34 million. Located at 232 E. 59th St. in New York City, the 42,176-square-foot building was built in 1926. Fine Arts Building LLC purchased the six-story commercial property. Howard Morrel of Brown Harris Stevens represented the buyer in the deal. The seller was Battaglia Realty LLC.

February 4, 2013

Retail Texas

FIESTA MART LEASES SPACE AT SUGAR CREEK VILLAGE

by admin February 4, 2013

SUGAR LAND, TEXAS — Fiesta Mart Inc. has leased 40,324 square feet of retail space at the Sugar Creek Village Shopping Center, located at 13833 SW Freeway in Sugar Land. Buster Freedman of United Equities Inc. represented the landlord in the transaction.

February 4, 2013

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