NEW YORK CITY — Women's retailer DKNY has renewed its 17,776-square-foot lease for the company's flagship store at 655 Madison Ave. in New York City. The retailer will remain at the location through 2024. Andrew Roos and Michael Cohen of Colliers International represented the building owner, Plaza Associates, in the transactions. Laura Pomerantz and John Brod of PBS Real Estate represented DKNY. 655 Madison, which also houses tenants such as Orianne Collins Jewelry and Jones New York, recently underwent a comprehensive renovation.
WEATHERFORD — Dallas-based UCR Investment Sales has sold a Chili's ground lease, located on a 1.57-acre outparcel of the 271,829-square-foot Weatherford Marketplace in Weatherford. Target, Lowe's Home Improvement and Kohl's anchor the center. Tommy Tucker of UCR Investment Sales represented the seller in the transaction.
HYDE PARK, N.Y. — The Stop & Shop Supermarket Co. has started construction of a new store that will anchor the Hyde Park Mall in Hyde Park. The mall owner, Azarian Group, has also started its renovation of the shopping center. The grocery chain will construct a 55,000-square-foot building and install a gas station in the parking lot. Additional work will include a new parking lot, updated landscaping and fresh storefront facades throughout the mall. Construction is expected to be complete by this November.
GRAND PRAIRIE — Marcus & Millichap has arranged the sale of the 42,148-square-foot Carrier Parkway Shopping Center, located at 1000 N. Carrier Pkwy. in Grand Prairie. The center is 83 percent leased to tenants such as Family Dollar, Ace Cash Express, Edward Jones and Little Caesars. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a private investor, in the transaction and procured the buyer, a private investor.
VICTORVILLE, CALIF. – A 14,740-square-foot property in Victorville that is currently net leased to Walgreens has sold to a private investor for $7,469,000. The buyer was represented by Vincent Schwab of Marcus & Millichap’s San Francisco office.
POMPANO BEACH, FLA. — Faison has sold 393,156 square feet of the 908,000-square-foot Pompano Citi Center, a regional shopping center located at the intersection of Federal Highway and Copans Road in Pompano Beach, to Sterling Value Add Partners LP. The acquisition includes anchor stores JC Penney, Ross Dress For Less, Big Lots and Office Depot, as well as several national tenants.
BLUE SPRINGS, MO. — Passco Cos. has completed its $4.3 million acquisition of Shoppes at Coronado Place I, a 14,534-square-foot strip center in Blue Springs, two miles from downtown Kansas City. The center was built in 2008 and was fully occupied at the time of sale. Tenants include Adams Dairy Bank, AT&T Wireless and Vintage Stock. Keoni Fursse of Kokua Realty represented the seller, Coronado Partners LLC, in the transaction. Passco was self-represented.
ERIE, PA. — Cooper Commercial Investment Group has arranged the $1 million sale of West 38th Street Plaza, a retail center at 2301 W. 38th St. in Erie. The 96,000-square-foot center contains 78,000 square feet of vacant, big-box space as well as a 4-acre outparcel for future development. Tenants include Subway and Snap Fitness. Bob Havasi and Dan Cooper of Cooper Commercial represented the sellers, DDR Erie LLC, in the transaction. The buyers were a private group based in Erie.
SUNNYVALE, CALIF. — A 14,820-square-foot Walgreens drugstore in Sunnyvale has sold to an apartment owner for $10.05 million. The sale was part of a 1031 exchange. The freestanding drugstore was built in 2008 on 1.5 acres at 780 East El Camino Real. Walgreens has a 75-year triple-net lease with 22 years remaining on its initial term and 10 percent rental escalations every 10 years. Thomas Doglio of Marcus & Millichap’s Palo Alto office represented the buyer in this transaction.
PUYALLUP, WASH. — River Road Retail, an 11,291-square-foot retail property in Puyallup, has sold to a limited liability company for $4 million. The property is located at 1002 North Meridian. The center is fully occupied and anchored by a Fred Meyer supermarket. Dino A. Christophilis, Daniel Chhan and Marc Cunningham of Marcus & Millichap’s Seattle office represented both the buyer and the seller, another limited liability company.