DALLAS — Seasons 52 is opening its first Dallas location at NorthPark Center, an upscale mall located at 8687 N. Central Expy. The 8,999-square-foot restaurant will be located between Neiman Marcus and Dillard's. Kelly Hampton and Larry Leon of Venture Commercial represented the tenant in the lease transaction. NorthPark Center was self-represented by Derek Wood. The new restaurant is slated to open in the fall.
BRUNSWICK, GA. — The 111,924-square-foot Village at Glynn Place, located in Brunswick, has sold for $11.35 million. Publix anchors the property, which is 96.7 percent leased. Additional tenants include Lendmark Financial Services, Cato Fashions, Papa John's, Sally Beauty Supply and Goodwill. Phillips Edison — ARC Shopping Center REIT acquired the property through its joint venture, PECO-ARC Institutional Joint Venture I LP.
CANTON, GA. — A 15,000-square-foot Walgreens, located at the intersection of Hickory Flat Highway and East Cherokee Road in Canton, has sold for $4.67 million. Mark Cooley and Neal Pringle of The Shopping Center Group's Atlanta office represented the seller, an Atlanta-based developer, in the transaction. The buyer was a California-based investor. The freestanding building is leased to Walgreens through July 31, 2030.
GROVE CITY, OHIO — Marcus & Millichap has arranged the $2.2 million sale of a 4,500-square-foot Chase Bank in Grove City. Joe Reehil, Dan Yozwiak and Antoine Matthews of Marcus & Millichap's Columbus office represented the seller, a private investor. Russell Wachtler, Glen Kunofsky and John Stewart of Marcus & Millichap's Manhattan office secured the buyer, an individual, personal trust.
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.