PHILADELPHIA — Bottom Dollar Food has opened its 4th Philadelphia store at 7900 Roosevelt Blvd. The 19,600-square-foot store is located in the former Ilona Keller's Dugan Banquet Hall, which was built in the early 1960s. Soloff Realty & Development Inc. developed the property. Matthew Shanahan of Colliers International represented the landlord and Frameco Real Estate represented the tenant. Based in Salisbury, N.C., Bottom Dollar operates 1,650 grocery stores in 16 states.
HAZELWOOD, MO. — Construction is complete on a new $6 million auto dealership for Mungenast Hyundai in Hazelwood, located north of St. Louis. The new 37,500-square-foot dealership will be used for automobile sales, repair, storage and detailing. The building's features include a coffee bar and a drive-thru space for customers to drop-off and pick-up cars. Swansea-based Holland Construction Services built the facility and the architect was Chesterfield-based HDA Architects.
FORT WAYNE, IND. — Paragon Fitness LLC has signed a lease expansion for 1,539 square feet at its CrossFit Training facility at 829 Lawrence Dr. in Fort Wayne. John Caffray of NAI Harding Dahm represented Paragon in the transaction.
HOUSTON — Trammell Crow Co. has partnered with Prudential Real Estate Investors and The Morgan Group to sell the 253,000-square-foot Greenway Commons, a Class A super-regional power center located at 3838 Richmond Ave. in Houston. The property is currently 96 percent occupied by tenants including Costco Wholesale, LA Fitness, Iberia Bank, Buffalo Wild Wings, Panda Express and Memorial Hermann Healthcare System. Phoenix-based Cole Real Estate Investments purchased the property, and Houston-based CDA Architects designed the facility.
FORT WORTH — Marcus & Millichap has arranged the sale of the 33,120-square-foot Trail Lake Plaza, a retail center located at 5016 Trail Lake Dr. in Fort Worth. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a private investor, in the transaction. Vincent Knipp, also of the firm's Fort Worth office, procured the buyers, a limited liability company and a private investor.
JASPER, GA. — Marcus & Millichap has negotiated the sale of the 61,549-square-foot Shops at Jasper, located at 934 E. Church St. in Jasper. A 14,538-square-foot Save-A-Lot and a 15,000-square-foot Beall's Department Store anchor the center, which is 93 percent leased. Tim Giambrone of Marcus & Millichap's Atlanta office represented the seller, an Ann Arbor, Mich.-based private company, in the transaction. A California-based private investor was the buyer.
FLORENCE, S.C. — St. Paul, Minn.-based AEI Capital Corp. has purchased a 4,200-square-foot Vitamin Shoppe building, located in Florence, for $1.54 million. The tenant is on a long-term lease for the single-tenant building. Steve Horvath of Charlotte, N.C.-based Berkeley Capital Advisors represented the seller in the all-cash transaction. The buyer was self-represented by Ian Harrison.
CHICAGO — CIM Group has acquired Block 37, a five-story retail center on the State Street corridor in Chicago's Central Loop, for an undisclosed amount. The 275,000-square-foot retail center is located directly across the street from Macy's State Street, the second largest department store in the nation. Tenants include Anthropologie, Sephora, Disney and Zara. The retail center is approximately 30 percent leased and CIM plans to lease the balance of the building to national and local retailers.
NEW YORK CITY — The SoHo Apple store, located at 103 Prince St. and owned by Imperium Capital and Centurion Realty, is nearing completion of a $20 million renovation. The 30,000-square-foot building was originally renovated in 2011 to utilize only about half of the maximum floor space available. Once the renovation is complete, the retail space will increase by about 5,000 square feet. The SoHo Apple store will reopen this July and is temporarily located at 72 Greene St.
GALVESTON — St. Paul, Minn.-based AEI Capital Corp. has purchased a 12,900-square-foot PetSmart property, located in Galveston, for $2.42 million. The single-tenant property was purchased in an all-cash transaction from an undisclosed seller. The buyer was self-represented by Ian Harrison.