GLENDALE, CALIF. – The Glendale Galleria, a 1.5-million-square-foot super-regional shopping center, has begun its redevelopment efforts. The renovation will include the addition of a new 120,000-square-foot Bloomingdale's in the former Mervyn's space that is scheduled to open in fall 2013. The Central Avenue Plaza will also be reconstructed, while the mall’s Target and JCPenney courts will undergo dramatic renovations.
PLANT CITY, FLA. — RCG Ventures has sold the 37,458-square-foot Collins Park Shopping Center, located at the intersection of SR 39 and Park Road in Plant City, to Coastal Equities. A 29,000-square-foot Tractor Supply anchors the center, which is 90 percent leased. Plaza Advisors represented the seller in the transaction.
ST. JOSEPH, MO. — Dick's Sporting Goods is opening a new location at Cook Crossing, located at 4202 N. Belt Highway in St. Joseph. The store will be the retailer's 10th store in the state of Missouri and 486th nationwide. Dick's Sporting Goods includes equipment, apparel and footware. The store will open April 25.
MANCHESTER, CONN. — Outdoor retailer Eastern Mountain Sport has opened an 18,831-square-foot store in Manchester. The store is located next to PetSmart in the Plaza at Buckland Hills. The space is nearly three times the size of the former location in the same shopping complex. The store will feature a new section for kids, an expanded kayak department and a larger, full-service bike shop. A grand opening is scheduled April 27 to April 29.
ARLINGTON — Houston-based Hartman Income REIT has purchased the 127,696-square-foot Cooper Street Shopping Center, located at Cooper Street and Interstate 20 in Arlington, from Regency Centers. Tenants of the shopping center include Home Depot, Office Max, America's largest K&G Men's Store and T.G.I. Friday's. Hartman purchased the property through an affiliate, Hartman Short Term Properties. The buyer was self-represented by Dave Wheeler and Julian Kwok.
HENDERSON, NEV. – Anthem Village, a 117,000-square-foot, Class A grocery- and drug-anchored retail complex in Henderson, has received a $15-million first-mortgage loan. The complex was built in 2000. The non-recourse loan features a 20-year term and a fixed interest rate of 4.5 percent. Financing was arranged by Mikko Erkamaa of Grandbridge through AUL. Grandbridge’s Dean Huber assisted with the transaction.
HOUSTON AND SAN ANTONIO — Dunkin' Donuts has signed a multi-store development agreement with three franchise groups to develop 25 new restaurants in Houston and San Antonio. 521 Interests plans to develop 16 restaurants in Houston, with the first restaurant planned to open in 2013 and the remainder by 2018. David Greenberg and Stephen David of 521 Interests will head the development. Rick Molina and Guy Ellison plan to develop five restaurants in San Antonio, with the first restaurant to open later this year and the remainder by 2016. Kishore Samtani plans to develop four restaurants in San Antonio, with the first restaurant to open in 2013 and the remainder by 2016.
SAN ANTONIO — San Antonio-based SWBC has purchased the remaining interest in Dallas-based Royalton Real Estate Capital. The new name of the company will be SWBC Real Estate, and it will continue to focus on investing, acquiring and developing commercial real estate properties, especially multifamily, in San Antonio, Dallas/Fort Worth, Austin and Houston.
DUBLIN, OHIO — U-Haul Company of Ohio has purchased a 400-unit self-storage facility at 6405 Old Avery Rd. in Dublin. The 59,000-square-foot U-Haul Moving and Storage of Dublin includes outdoor, drive-up storage plus recreation vehicle and boat storage. The purchase price and the seller were undisclosed.
SUGAR LAND — HFF has arranged the sale of the 111,675-square-foot First Colony Marketplace, a neighborhood shopping center located at 4610 Hwy. 6 S. in Sugar Land. The property is fully leased to tenants including Smoothie King, Sears Hardware, 99 Cents Only and Fitness Connection. Rusty Tamlyn and Ryan West of HFF's Houston office represented the seller, CAP First Colony, in the transaction. Fidelis Realty Partners is the buyer.