HOUSTON — ALDI has plans to enter the Houston market with 30 new stores and $100 million of capital expenditures in the next 3 years. ALDI is anticipating adding 400 new jobs for these new locations. The grocery chain currently has more than 1,200 stores in 32 states and 37 stores in Texas. The company opened 75 stores in 2011 and expects 80 new stores in 2012. The first ALDI stores in Houston will open in spring 2013, with more than 10 new locations.
ALEXANDRIA, MINN. — The Boulder Group has completed the $5 million sale of a single-tenant, net-leased Walgreens located at 910 Broadway St. in Alexandria. The 14,820-square-foot retail building was developed in 2008. Walgreens has 21 years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest family trust, in the transaction. They also represented the buyer, a Chicago-based investment firm.
BIRMINGHAM, MICH. — Related Birmingham LLC has sold a 32,487-square-foot former Borders Books at 34300 Woodward Ave. in Birmingham. Susan Acciaioli and Brad Rosenberg of Mid-American Real Estate-Michigan represented the buyer, a local private investor, in the transaction. They also represented the seller.
LAKELAND, FLA. — Twenty-five shopping centers, located in Florida, have sold for $50 million. The properties, which averaged 10 to 14 percent NOI's and were 70 to 100 percent leased, were auctioned by Lakeland-based Higgenbotham. More than 60 bidders participated online through HAI's online bidding platform.
DETROIT — The Roasting Plant, a New York-based coffee retailer, will open its first store outside of Manhattan this fall in Detroit's First National Building. Located at 660 Woodward, the first-floor shop will include on-site roasting and both indoor and outdoor seating. The Roasting Plant will offer 11 bean choices daily and use its Javabot system to individually create each customer's drink. Rock Ventures LLC, a real estate company owned by Quicken Loans founder Dan Gilbert, purchased the 800,000-square-foot First National Building in August 2011. Bedrock Real Estate Services represented both parties in the lease transaction.
FORT WAYNE, IND. — Morningstar Equity LLC has acquired a 32,700-square-foot retail building at 2200 Goshen Rd. in Fort Wayne. Bill Drinkall of NAI Harding Dahm represented the seller, Key Lanes, in the transaction. Mike Dahm, also of NAI Harding Dahm, represented the buyer.
DOVER, DEL. — Marcus & Millichap has arranged the $3.3 million sale of a double net-leased Walgreens Pharmacy, located at 1205 S. State St. in Dover. Walgreens has 11 years remaining on its lease at the 12,000-square-foot property. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller in the transaction. Derrick Dougherty, also of Marcus & Millichap, represented the buyer.
FLOWER MOUND — Tom Thumb Food & Pharmacy plans to open a 59,000-square-foot Tom Thumb store in the 140,000-square-foot Cross Timbers Village, a mixed-use shopping center located at the southwest corner of Bruton Orand Boulevard and FM 1171 in Flower Mound. The new location will be Tom Thumb's fourth location in Flower Mound. The property will feature a drive thru pharmacy, fuel station and a Starbucks. Cross Timbers Village is owned by Direct Development.
WYLIE — Ross Stores will open a new, 22,000-square-foot facility, located at Woodbridge Crossing Shopping Center in Wylie. The shopping center is anchored by Super Target and Kohl's and includes retailers such as Rue 21 and Rack Room Shoes. Direct Development is handling the property's development.
DALLAS — Stream Realty Partners is planning to lease 40,000 square feet of office space at Trammell Crow Center, a 1.2 million-square-foot office tower located in Dallas' Art District. The 50-story tower's tenants include Vinson & Elkins, Baker Botts and PricewaterhouseCoopers. Stream Realty will move into the tower in fall 2012. The firm is expanding its Dallas office to the tower due its 30 percent growth since January 2011. Stream Realty was recently awarded the tower's leasing and management duties.