KANSAS CITY, KAN. — An undisclosed buyer has acquired the 2,200-square-foot Jaywalkers Sports Bar & Grill, located at 39th Street and Rainbow Boulevard across from the Kansas University Medical Center in Kansas City, which it plans to redevelop into a mixed-use project. David Block of Kansas City, Mo.-based Block & Co. represented Rainbow Texas Tom, the seller, in the transaction.
PITTSBURGH, PA. — Salisbury, N.C.-based Bottom Dollar Food has announced its intent to open 11 stores in the greater Pittsburgh area. Most stores are aiming for an early 2012 opening. Bottom Dollar opened its first Pennsylvania store in October 2010, and now it has 17 Pennsylvania stores and two New Jersey stores.
VAN NUYS, CALIF. – Regency Theatres has signed a 10-year lease for the 72,200-square-foot Mann Theaters at The Plant power center in Van Nuys. The Plant 16 Cinemas’ is Regency’s third location within the San Fernando Valley. The Plant is owned by Decron Properties.
LAKEVILLE AND CHAMPLIN, MINN. — NorthMarq Capital's Minneapolis office has represented landowners in Lakeville and Champlin in transactions with Goodwill Industries. In Lakeville, Jen Helm and Ronn Thomas represented Stonehenge USA in a build-to-suit lease with Goodwill. Stonehenge will build a 20,600-square-foot store for Goodwill at the intersection of Kendrick Avenue and Kenwood Trail. Laura Moore of Adam Commercial Real Estate represented Goodwill. In Champlin, Tricia Pitchford represented CMK Champlin Holdings in the sale of 2.5 acres just north of the intersection of Highway 169 and 117th Avenue North, where Goodwill plans to start construction later this year on its first Champlin store. George Bestrom represented Goodwill in the sale.
CLIFTON, N.J. — Compare Supermarket has signed a lease to anchor Clifton Plaza. Compare will occupy 16,000 square feet of retail space in the newly renovated 80,127-square-foot shopping center on Route 46. Barry Greenberg represented Levin Management Corp., Clifton Plaza’s leasing and managing agent, in-house. Additional tenants at Clifton Plaza include Valley National Bank, Big Lots, Dollar Tree and GameStop. The new development is the second New Jersey location for Compare, which has more than 40 locations along the East Coast.
FARMINGTON, CONN. — Seattle-based Nordstrom Inc. is expanding its Nordstrom Rack concept to occupy a new 35,000-square-foot store in the West Farm Shopping Center in Farmington scheduled to open in spring 2012. The site is Nordstrom Rack’s first Connecticut location. Kimco Realty Corp. owns and manages the West Farm Shopping Center, which is a quarter-mile away from a full-line Nordstrom location in Westfarms Mall. Other tenants in West Farm Shopping Center include TJ Maxx, Petco and Sports Authority.
LAS VEGAS – LBG Realty Advisors, LLC, in conjunction with Blue Vista Sponsor Equity Fund II, LLC, an affiliate of Blue Vista Capital Management, LLC, has bought Southwest Marketplace in Las Vegas. The grocery-anchored shopping center contains 118,284 square feet of existing space. Located on South Rainbow Boulevard at Windmill Lane, Southwest Marketplace is 85 percent leased.
SALINA, KAN. — The 6,533-square-foot Logan's Roadhouse restaurant, located at 3050 Riffel Dr. in Salina, has been sold for $1.44 million. Randy Blakstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the buyer, a Chicago-based investor. The seller was a Kansas-based developer.
RUMFORD, R.I. — New England-based Webster Bank has provides $15.5 million in financing to PK Rumford LLC for the 200,000-square-foot Rumford Center at 20 Newman Ave. in Rumford. The mixed-use property is a redevelopment of the Rumford Baking Powder Co. former mill complex. PK Rumford is a joint venture between Peregrine Holdings and Kirkbrae Development. The package includes $13 million to refinance existing debt and $2.5 million to finish the center’s remaining 23 apartments. The center is made up of 89 residential apartments and more than 36,000 square feet of office and retail space.
NATICK, MASS. — Boston-based EagleBridge Capital has arranged long-term, fixed-rate mortgage financing totaling $10 million for the 85,060-square-foot 9/27 Shopping Center in Natick. The center is anchored by a Super Stop & Shop supermarket and tenants includes Five Guys Burgers and Fries, UPS, Aspen Dental and Panera Bread. The center is 100 percent leased. Ted M. Sidel and Brian D. Sheehan of EagleBridge helped arrange the loan.