MACON, GA. — Westwood Financial Corp. has purchased the 86,631-square-foot Wesleyan Station, a shopping center located at 4650 Forsyth Rd. in Macon, for $8.9 million. The property is 92 percent leased to tenants, which include Kroger, Tuesday Morning, Starbucks, El Sombrero Mexican Restaurant, Cricket Wireless, ASP Pool Spa, LaBerry Yogurt and Macon Crossfit.
ERIE, PA. — DDR Erie LLC has sold West 38th Street Plaza, a retail center located at 2301 W. 38th St. in Erie, for $1 million. The 96,000-square-foot property includes 78,000 square of vacant, big-box space and a vacant, 4-acre outparcel for future development. Tenants include Subway and Snap Fitness. Bob Havasi and Dan Cooper of Copper Commercial Investment Group represented DDR Erie in the transaction. The buyers were a private group from Erie.
AUSTIN — The Weitzman Group has brokered the sale of the 10,500-square-foot Sunset Plaza, a neighborhood retail center located at 8774 W. Adams Ave. in Austin. Brad Bailey and Logan Reichle of Weitzman's Central Texas office represented the seller, an Austin-based development company, in the transaction. The buyer was a Temple-based investor. Sunset Plaza is fully leased to tenants such as Anytime Fitness, Sol de Jalisco Mexican restaurant, Best Cuts and Insurance Network of Texas.
HOUSTON — HFF has arranged a $10 million refinancing for the 59,873-square-foot 610 & San Felipe Shopping Center, located at the northeast corner of Loop 610 and San Felipe Street in Houston. Robert Wooten of HFF arranged the 20-year, fixed-rate loan through Lincoln Financial Group on behalf of the borrower, 610 & San Felipe, Inc. The fully leased property is anchored by Ashley Furniture and includes tenants such as David's Bridal, Starbucks, Antone's and Jack in the Box.
MORGANTON, N.C. — Morganton-based Ferrari Investments has sold five KFC/Taco Bell restaurants and two KFC restaurants, located in North Carolina, to STORE Capital and OMAA for $7.8 million. The properties are located in Hudson, West Jefferson, Cherryville, Marion, Denver, Richfield and Lincolnton, N.C. Sam Young of Cassidy Turley represented the seller in the transaction. Steven Peden and Annette Montgomery of Colliers International represented the buyer.
CLEVELAND — Developers of the Flats East Bank in Cleveland have secured commitments from five new restaurants. The restaurants signing lease deals include Toby Keith's I Love This Bar & Grill, Ken Stewart's, Lago, Flip Side and Dos Tequilas. The developers say the new signings show the $500 million project is gaining attention locally and nationally. Construction is well underway on the first phase of the project, which includes an 18-story office tower, a 150-room hotel and a health club. The $120 million second phase will include residential and additional retail and entertainment properties. The incoming restaurants come on the heels of commitments from office tenants Ernst & Young, Tucker Ellis and CBRE.
CARMEL, IND. — Eidco Construction has started work on a 5,000-square-foot retrofit project at 2325 Pointe Pkwy. in Carmel. United RX — a full-service pharmacy company — has enlisted Eidco to convert a portion of the building, formerly a fitness center, into a pharmacy facility. Carson Design is providing the architectural services for the project.
CENTERVILLE, OHIO — Huffy Corp., a sporting goods supplier, has signed a 29,400-square-foot office lease at 6511 Centerville Business Pkwy. in Centerville. Centerville is part of the Dayton metro area. Tom McGarity of Cassidy Turley represented the landlord, ReCorr Realty Corp. in the transaction.
DALLAS — Beck Ventures has purchased the 1.65 million-square-foot Valley View Center, a regional mall located at the intersection of Preston Road and LBJ Freeway in Dallas, to be part of a $2 billion mixed-use project known as Dallas Midtown. Jack Crews, John Alvarado and Evan Stone of Jones Lang LaSalle represented the seller, LNR Partners, in the transaction.
COLLEGE STATION — Hunington Properties has brokered the sale of the 7,691-square-foot College Station Shopping Center, located on University Drive in College Station. The property is fully leased to national tenants including Papa John's Pizza and David's Bridal. Sandy Aron of Hunington Properties represented the seller in the transaction.