DEDHAM, MASS. — Lucy Dedham LLC has purchased a CVS/pharmacy site at 945-947 Providence Highway in Dedham for $14 million. The property includes a newly constructed, 12,900-square-foot CVS/pharmacy, along with a Sovereign Bank branch. David Ross of NAI Hunneman represented the buyer in the transaction. Craig Barker of Boston Real Estate Advisors represented the seller, Nissan Realty.
PHILADELPHIA — Le Crillon Philadelphia, a 16-unit apartment building with seven retail spaces, has sold for $14.8 million. The 41,757-square-foot property is located at 105 S. 18th St., one block from Rittenhouse Square, one of Philadelphia's five original parks. The rental units are approximately $3,900 per month. Ken Wellar, Corey Lonberger and Christopher Munley of Marcus & Millichap represented the seller, a local, third-generation owner. Munley, Wellar, Londberger and Dean Zang of Marcus & Millichap also procured the buyer, a Manhattan-based retail property investor.
HOUSTON — Triple Tap Ventures, owner and operator of the Houston-area Alamo Drafthouse Cinema locations, has plans to bring two new locations to Houston in 2013. The first will open in early 2013 in the Vintage Park Shopping Village in northwest Houston. The shopping center is owned by Dunhill Partners. The second theater will be located at 2901 Louisiana St. in Houston's Midtown area on top of a three-story parking garage. The theater will feature a lobby bar with a panoramic view of Houston's skyline. In addition, Triple Tap has plans to close the older Alamo Drafthouse Cinema at West Oaks Mall this year.
LANCASTER, CALIF. – A 53,822-square-foot retail property located within the Lancaster Plaza has sold to 2429 Danalda and Kab Plaza LLC. It is located at 1006, 1022, 1030, 1060 E. Ave. J. The center was more than 82 percent leased at the time of sale. Fariba Kavian with NAI Capital’s West LA office represented the seller, LNR Properties, in this transaction.
SAN DIEGO — Camino Village Shopping Center in San Diego has sold to HP Investors for $5.25 million. The 34,602-square-foot center is located at 11255-79 Camino Ruiz and 11345-11347 Zapata. Both the buyer and the seller, LNR Partners, LLC, were represented by Richard Lebert, Mark McEwen, Matt Zimsky, Jon Busse and John Gross of Colliers International.
OMAHA — Agree Realty has sold a 30,000-square-foot property, which was once leased to Borders bookstore, in Omaha for $2.75 million. The buyer was undisclosed. Agree Realty Corp. has two other transactions pending on former Borders locations. Those sites are in Monroeville, Pa. and Columbus, Ohio.
FIRE ISLAND, N.Y. — The owners of Fire Island Pines Pavilion plan to rebuild following a fire last November. FIP Ventures hired Manhattan-based architect Hollowich Kushner to design the new nightclub, which is scheduled for completion in 2013. The design includes storefronts and wide staircases. The entrance forms a set of bleachers that act as a viewing platform, stage, wedding chapel and extended dance floor. The welcome bar on the first floor, the high-tea terrace and the Pavilion Club are all connected by an internal loop of stairs. The fire also damaged FIP Ventures' canteen building, pool deck, bulkhead and board walk, all of which have been fully repaired.
TARZANA, CALIF. – A 12,044-square-foot vacant retail space in Tarzana has sold to a dermatology and skin care practice group for $2,326,000. The property is located at 18553-18563 Ventura Blvd. Jeff Gould and Jeff Albee of Colliers International represented both the buyer and the seller in this transaction.
WYLIE — Rosa's Cafe and Tortilla Factory has broken ground on a 7,000-square-foot restaurant, located in the Woodbridge Crossing development in Wylie. The restaurant will be Rosa's Cafe's 30th location. The new Rosa's Cafe is part of a new wave of retailers coming to Woodbridge Crossing, including Ross Dress for Less, Rack Room Shoes and Rue 21. Direct Development owns Woodbridge Crossing and Super Target and Kohl's anchor it.
RICHARDSON — Murphy-based A&S Ellington Properties has recently purchased a 1.29-acre tract of land at the northwest corner of Campbell Road and Lake Park Boulevard in Richardson for the development of a Chicken Express restaurant. Rick Ikeler and Brad Gibbs of SRSRE Partners represented the buyer in the transaction. Daniel Harris of Henry S. Miller Brokerage's Dallas/Fort Worth office represented the seller, H-H Retail. The buyer plans to break ground on the new Chicken Express this summer and deliver it by December 2012.