BIRMINGHAM, MICH. — Walgreens Co. has signed a 32,487-square-foot lease to occupy a former Borders Books & Music in Birmingham. The property is located at 34300 Woodward Ave. Susan Acciaioli and Brad Rosenberg of Mid-America Real Estate-Michigan Inc. represented the landlord, Related Birmingham LLC, in the transaction. They also represented the tenant.
EL PASO — The 461,000-square-foot Freedom Crossing at Fort Bliss, the first-ever open-air shopping center to be part of a U.S. military base, is adding A'GACI, O'shoes and Texas Roadhouse to its tenant roster. A'GACI will open an approximately 8,000-square-foot store with O'shoes, its sister store, and Texas Roadhouse will open a 7,900-square-foot location. Other tenants include The Exchange, Commissary, Grand Theatre Fort Bliss 10, Under Armour, Buffalo Wild Wings, Smashburger, Shamrocks Irish Pub and The Sushi Place. There are several new tenants about to open new stores in the center as well, including Things Remembered, Chi Town Bar-B-Que, Auntie Anne's, Cinnabon and Old Fort Bliss Cigar. ServiceStar Property Management manages the center, which is open to civilians.
BIRMINGHAM, ALA. — A 36,000-square-foot former RoomStore, located at 1686 Montgomery Hwy. in Birmingham, has sold for $1.8 million. Bill McDavid of Birmingham-based Southpace Properties represented the seller, Marks Properties, in the transaction. Bill Clements of Retail Specialists' Birmingham office represented Schaeffer Properties, the buyer.
PLANO — The 138,514-square-foot Legacy Drive Village, a community shopping center located at the northeast corner of Legacy Drive and Independence Parkway in Plano, has been purchased. The buyer, an out-of-state pension fund, purchased the grocery-anchored center from Legacy Village Associates, a joint venture assembled by Cencor Realty Services. Kroger Signature anchors the center, which includes Mooyah Burgers & Fries, Einstein Bros. Bagels, Optical Zone, Subway, Rita's, AAA Texas, Dunkin' Donuts, Angelo Vito's, Fantastic Sams, Texas Family Fitness and Palm Beach Tan. The Weitzman Group will continue to market the center under the new ownership and Cencor Realty Services will manage the center.
HARKER HEIGHTS — Ross Stores will be opening a new 28,000-square-foot Ross Dress for Less store at the 650,000-square-foot Market Heights Shopping Center in Harker Heights. Other tenants include Target, Bed Bath & Beyond, Dick's Sporting Goods, Barnes & Noble, Old Navy, Ulta and Petco. Dallas-based Direct Development owns the property. Former Dallas Cowboy Troy Aikman serves as principal of the group.
DALLAS AND FORT WORTH — Dunkin' Donuts has partnered with former Dallas Cowboys quarterback Troy Aikman and Dallas Cowboys owner Jerry Jones to open 50 Dunkin' Donuts locations in the Dallas/Fort Worth area during the next 5 years. There are currently 19 restaurants in the north Texas area. Under the agreement, Dunkin' Donuts, Jones and Aikman will share ownership of the 50 new locations and 11 of the existing 19 locations. Dunkin' Donuts will operate all 69 locations, while Aikman, Jones and Dunkin' Donuts are jointly responsible for strategic planning, expansion and marketing.
CHICAGO — The former Giordano Jazz Dance studio in Chicago has sold to a private investor for $1 million. The buyer plans to redevelop the 17,340-square-foot building but provided no further details. Scott Maesel of the Chicago office of Sperry Van Ness represented both parties in the transaction.
SEDONA, ARIZ. — Tequa Festival Marketplace, a 54,068-square-foot distressed neighborhood center near Sedona, has sold to Baceline Investments, LLC from a lender for $4.1 million. This represents only 20 percent of the center’s original loan, which was $20.3 million. Tequa is currently 34 percent leased.
PRESCOTT VALLEY, ARIZ. — Dollar Tree has signed a lease for 9,000 square feet at the Prescott Valley Crossroads Shopping Center. The property is located at 5990 East State Route 69 in Prescott Valley. Notable retailers at the center include Home Depot, Hobby Lobby and Sam’s Club. Dollar Tree was represented by Kurt Kalocin with SRS Real Estate Partners. The landlord, YK Commercial Realty, was represented by Teale Bloom, Cameron Warren and Greg Laing of Phoenix Commercial Advisors.
GLENDALE, CALIF. — Glendale-based Public Storage has purchased a six-property self-storage portfolio for $42 million. The 517,000-square-foot portfolio consists of 5,500 storage units. The properties are located in Philadelphia; Wayne, N.J.; Randolph, Mass.; Montclair, Calif.; and Pompano Beach and Hialeah, Fla. The portfolio is currently 65 percent occupied. Marc Boorstein and Jeff Jacobson of Chicago-based MJ Partners represented the seller, Babcock and Brown, and four lenders in the transaction.