LOS ANGELES – A 6,273-square-foot retail property located at 921 N. La Cienega Blvd. in Los Angeles has sold to John Nelson Antiques for $4.3 million. The property resides in the La Cienega Design Quarter. The seller, Bausman & Company, was represented by Douglas Golden of NAI Capital’s Orange County office.
RALEIGH, N.C. — Atlanta-based RCG Ventures has completed a Toys “R” Us and Babies “R” Us combination store in Poyner Place Shopping Center, which is adjacent to Triangle Town Center Mall in Raleigh. The project featured ground-up construction of the 59,101-square-foot build-to-suit Toys “R” Us and Babies “R” Us store under one roof. Catamount Constructors worked in conjunction with RCG Ventures.
HIXSON, TENN. — Hixson Crossing, a 12,640-square-foot retail center, has sold for $3.4 million. Bob Havasi of Cooper Commercial Investment Group represented the seller, a Tennessee-based private investor, in the transaction. Hixson Crossing is located in Hixson, a suburb of Chattanooga, Tenn., and is anchored by Aspen Dental. Other tenants include Sun Tan City, Gigi’s Cupcakes, Batteries Plus, Inkredible Cartridge and Achieve Medical Weight Loss. A South Carolina-based private investment group purchased the retail property.
DALLAS AND HOUSTON — AutoNation has signed agreements to acquire Audi, Porsche and three Volkswagen dealerships in the Dallas area, along with Spring Chrysler Jeep Dodge Ram in Houston. The six dealerships are projected to sell 14,000 new and used vehicles in 2012. At the end of this deal, AutoNation will have 50 franchises in Texas. The Boardwalk Audi and Boardwalk Porsche are located in Plano and the Boardwalk Volkswagen stores are located in Dallas, Richardson and McKinney.
LOS ANGELES – A 6,273-square-foot retail property located at 921 N. La Cienega Blvd. in Los Angeles has sold to John Nelson Antiques for $4.3 million. The property resides in the La Cienega Design Quarter. The seller, Bausman & Company, was represented by Douglas Golden of NAI Capital’s Orange County office.
SNELLVILLE, GA. — A joint venture between Bayer Properties LLC and institutional investors advised by JP Morgan Asset Management has acquired The Avenue Webb Gin from Cousins Properties Inc. The Avenue Webb Gin is a 351,007-square-foot, outdoor center in Snellville, a northeastern suburb of Atlanta. The project, which opened in 2006, includes restaurants, retail and office space. Tenants include Barnes & Noble, White House/Black Market, Chico's, Francesca's Collections, DSW Shoes, Ted's Montana Grill and Romano's Macaroni Grill. Pizzeria Venti has recently signed a lease and will open soon at The Avenue Webb Gin. This marks Bayer Properties’ first asset in Georgia. Eastdil Secured represented the seller in the transaction.
CHICAGO — Specialty's Cafe & Bakery has signed a lease for 6,256 square feet of retail space at the Inland Steel Building, located at 77 S. Dearborn St. in Chicago. San Francisco-based Specialty's, which has existing downtown Chicago locations at 525 W. Monroe St. and 191 N. Wacker Drive, is projected to open the Inland Steel location in March 2013. John Vance of Stone Real Estate represented the owner, Capital Properties, in the transaction. Michael Havdala and Brenton Schrader of HSA Commercial Real Estate represented the tenant. SKB Architects is responsible for the design of the project and Turner Construction will serve as the general contractor.
ROCHESTER, N.Y. — Marcus & Millichap has arranged the $4.6 million sale of four Canadaigua National Bank & Trust properties, totaling 13,671 square feet in suburban Rochester. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller, a limited liability company.
KATY — Marcus & Millichap has secured the sale of Cinco Ranch Plaza, a 14,269-square-foot shopping center located at 5131 S. Fry Road in Katy's Cinco Ranch community. The center's list price was $2.53 million. Tanner McGraw and Jonathan Peranich of Marcus & Millichap's Houston office represented the seller, a developer, in the transaction. Justin Miller and David Knobler, also of Marcus & Millichap's Houston office, secured and represented the buyer, a private local investor.
LAGUNA HILLS, CALIF. — The Fresh Market, a full-service specialty grocer, has opened its first Southern California location at The Village at Nellie Gail Ranch in Laguna Hills. The 21,000-square-foot store is expected to open in summer 2014. The village is undergoing a $17-million renovation and expansion.