DARIEN, ILL. — A Walmart store at the Darien Town Centre in Darien will be converted into a Walmart Supercenter store, which will include a full grocery and general merchandise selection. The 43,000-square-foot expansion will begin this fall and include the relocation of some of the existing tenants and the center. The project will also include the demolition of a portion of the center, including the former Circuit City space, to accommodate the expansion. Retail Properties of America owns the 223,694-square-foot Darien Towne Center.
CHICAGO — Summit Design + Build has completed work on City Winery Chicago, a winery, tasting room, restaurant and concert hall at 1200 W. Randolph St. in the West Loop. The 1200 W. Randolph building is a former food distribution warehouse built in the early part of the 20th centruy. The 33,000-square-foot property features three full-service bars, two kitchens, two private meeting rooms and an enclosed paved courtyard for outdoor dining or private parties. The project team also included Christopher Warnick Architecture and Phillip Katz Project Development.
MOUNT OLIVE, N.J. — Colliers International has arranged the $11.2 million real estate owned (REO) sale of ITC Crossing, a 179,775-square-foot shopping center in Mount Olive. Colliers represented the undisclosed seller and the buyer, Lamar Cos. The center is anchored by a 132,023-square-foot Sam's Club. Additional tenants include Staples and Subway. The property is located approximately 35 miles from Newark, N.J.
FORT WAYNE, IND. — Dollar General has signed a lease for 9,240 square feet of retail space at 6414 E. State Blvd. in Fort Wayne. Russ Jehl and Stan Phillips of NAI Harding Dahm represented the landlord, Georgetown Members, in the transaction.
ENCINITAS, CALIF. — The Plaza at Encinitas Ranch has received $43 million in refinancing. The 145,303-square-foot power retail center is located at 1550-1590 Leucadia Blvd. in Encinitas. It was built in 2002 and is fully occupied by tenants like REI, Starbucks, Pei Wei, Subway and AT&T. Walmart anchors the center. The 13-year, fixed-rate loan was arranged for a joint venture between Zelman Development Company and Carltas Company by HFF’s Paul Brindley. It was secured through a life insurance company.
GLEN BURNIE, MD. — Acadia-MCB Holding Co., a joint venture between affiliates of MCB Real Estate and Acadia Realty Trust, has purchased the 265,000-square-foot Arundel Plaza, located on Ritchie Highway in Glen Burnie, for $17.6 million. Lowe's Home Improvement and Giant anchor the center. Mike Gorsage of H&R Retail represented the seller in the transaction.
UTICA, MICH. — Marcus & Millichap has arranged the $2.3 million sale of a 5,538-square-foot Applebee's property in Utica. The restaurant is located at 45211 Park Ave. and Applebee's has 16 years remaining on its lease. The property is situated next to a La Quinta Inn & Suites. Ray Turchi and Christopher Travis of Marcus & Millichap represented the buyer, a private investor in the transaction.
MIDDLETOWN, OHIO — RZ Auto Parts has purchased a 7,600-square-foot industrial property situated on 3 acres at 2410 Oxford State Road in Middletown. The new location will support existing automobile-related operations at adjacent facilities and will repair and sell used auto parts. Craig Hughes of Industrial Property Brokers represented both parties in the transaction.
NEW YORK CITY — Verizon Wireless has renewed its lease at 100 Wall St. The retailer will continue to occupy 2,360 square feet on the basement and ground floors for a five-year term. The landlord, Savanna, was self-represented by Todd Korren. Robert Gibson of Cushman & Wakefield represented the tenant.
DALLAS — A California investment group led by Michael Day of Embarcadero Advisors has purchased the 45,000-square-foot Spec’s Wines, Spirits & Finer Foods, located on the southeast corner of North Central Expressway and Walnut Hill Lane in Dallas. Rick Ikeler and Brad Gibbs of SRS Real Estate Partners represented the buyer in the transaction. The seller is Glenn Lake Partners LP.