HUNTERSVILLE, N.C., AND NORTH CHARLESTON, S.C. — Hawthorne Retail has purchased two shopping centers for a total of $16.3 million. In Huntersville, the company purchased the 56,120-square-foot Northcross Commons for $3.91 million. The fully leased property is anchored by Food Lion. The company also acquired the 266,588-square-foot North Rivers Market in North Charleston for $12.39 million. The property is 87 percent leased, and the buyer plans to begin a major renovation in 2013. Rob Carter, Alex Quarrier, David Webb and Rebecca Levell of Berkeley Capital Advisors represented the seller, a public REIT, in the North Rivers Marketplace transaction.
TAMPA, FLA. — CBRE Group has arranged a $46.47 million acquisition loan for a six-property portfolio of shopping centers, located in Florida. The properties total more than 400,000 square feet, and include Corridors at Ponte Vedra in Ponte Vedra Beach, First Merritt Center in Merritt Island, Mandarin Oaks in Jacksonville, Publix at Holly Hill in Daytona, Publix at Summer Bay in Clermont and Regency Village in Orlando. Michael Strober, Amanda Valenti and Donald Jennewin of CBRE Group secured the seven-year loan with a 25-year amortization schedule through a life insurance company on behalf of the borrower, H&R REIT.
ST. LOUIS, MO. — hhgregg (NYSE:HGG), the Indianapolis-based appliance and electronics retailer, will open four new stores in Missouri on Thursday, Sept. 13. The stores will be located at 101 Gravois Bluff Dr. in Fenton, Mo.; 301 Costco Way in St. Peters, Mo.; 5925 N. Illinois in Fairview Heights, Ill.; and along Chesterfield-Airport Road in Chesterfield, Mo. The stores will showcase more than 100 HDTVs and 350 major appliances will be in stock. The locations will also feature new product categories consisting of fitness equipment and furniture. More than 240 employees have been hired to staff the new St. Louis area stores.
NEW YORK CITY — Zar Properties has purchased a 35,000-square-foot retail condominium building in Soho for $39 million. The property is located at 105-113 Wooster St. and the current tenant, Room & Board, has seven years remaining on its lease. The transaction also includes three residential loft apartments.
DALLAS — Studio Movie Grill plans to open its fifth Dallas/Fort Worth location at the 142,961-square-foot Keystone Park Shopping Center, located at the southwest corner of U.S. Highway 75 and Spring Valley Road in Dallas. Other tenants include El Chico, Micro Center, Bone Daddy's and Razzoo's. Rancho Keystone Park LP, owner of Keystone Park, plans to add several pad sites to the property as well. Dallas-based UCR handles leasing for Keystone Park.
PLANO — Dallas-based Metropolitan Capital Advisors (MCA) has closed a $10 million loan for the acquisition of Pitman Corners Shopping Center, a 192,267-square-foot, grocery-anchored retail center located at the southwest corner of West 15th Street and Custer Road in Plano. Albertsons anchors the center, which includes other merchants such as Tuesday Morning and McDonald's. Todd McNeil of MCA arranged the loan with a 30-year amortization schedule through a local bank.
AUGUSTA, GA., AND SARASOTA, FLA. — Phillips Edison-ARC Shopping Center REIT has acquired the 178,167-square-foot Richmond Plaza, located in Augusta, for $19.5 million and the 65,320-square-foot Publix at Northridge, located in Sarasota, for $11.6 million. Publix anchors both centers, which were acquired through the REIT's PECO-ARC Institutional Joint Venture I.
LARGO, FLA. — EDENS has sold the 99,000-square-foot Barclay Square, a shopping center located in Largo, to an affiliate of The Sterling Organization for $10.8 million. A 42,000-square-foot Walmart Neighborhood Market anchors the center, which is 82 percent leased. Tenants include Tuesday Morning, Beef 'O' Brady's, H&R Block and Goodyear Tires. Anthony Blanco, Lenard Williams and Mallory Ham of The Shopping Center Group represented the seller in the transaction.
ST. LOUIS — Taubman has closed on its purchase of a 50-acre parcel near the Boone's Crossing exit off Highway 40 in St. Louis. The company plans to develop a 450,000-square-foot retail center on the site that will include approximately 65 stores. More than 40 retailers have already committed to space including Banana Republic Factory Store, Gap Outlet, J. Crew Factory and Furla. David Biales and John Langa of Jones Lang LaSalle represented Taubman in the transaction. The company also recently broke ground on the project, which is expected to be complete in the fourth quarter of 2013.
RICHMOND HEIGHTS, OHIO — Milano Menswear has signed a 15,000-square-foot retail lease at Richmond Town Square Mall in Richmond Heights, Ohio. The men's upscale fashion store will join JCPenney, Macy's and Regal Cinemas this October. Greg Guyuron of Kowit & Passov Real Estate Group represents Milano Menswear in Northern Ohio.