HOUSTON AND CARROLLTON, TEXAS — Shoo Loong Kan has signed two leases in Texas, marking the first locations in the state for the Chinese hotpot concept. Plans include a 6,213-square-foot restaurant at West on West in Houston, as well as a 6,330-square-foot restaurant in the northern Dallas metro of Carrollton. Michael Pittman II, Michael Burgower and Rachel Granstrom of Cushman & Wakefield represented the tenant in the lease negotiations.
HAYMARKET, VA. — Three new tenants have signed leases to join Haymarket Village Center, a 256,856-square-foot retail center situated about 38 miles west of Washington, D.C. Red Bank, N.J.-based First National Realty Partners (FNRP) is the landlord. The leasing deals with Cin Dental (1,824 square feet), Nova Patient Care (1,600 square feet), and BeBop (1,575 square feet) will bring the retail center to full occupancy. FNRP has also secured lease renewals with six existing tenants, including Divine Nail Spa, Jersey Mike’s Subs, Starbucks Coffee, Smoothie King, Sports Clips and Verizon Wireless. FNRP purchased Haymarket Village Center in 2018 for $34.5 million.
COOS BAY, ORE. — AlpHubbard LLC has purchased a restaurant property, located at 2021 Newmark Ave. in Coos Bay, from Ternik LLC for $1.9 million. Burger King occupies the 2,824-square-foot freestanding drive-thru building, which was constructed in 1992. Todd VanDomelen and Mike Brown of Portland, Ore.-based Norris & Steven Inc. represented the buyer, while Clayton Brown of Marcus & Millichap represented the seller in the deal. Coos Bay is a coastal city approximately 100 miles southwest of Eugene.
CHICAGO — Mid-America Real Estate Corp. has arranged the sale of North & Clybourn, a 68,121-square-foot retail center in Chicago’s Lincoln Park neighborhood, for an undisclosed price. North & Clybourn is anchored by Crate & Barrel and The Container Store, which have occupied the property for 25 years. Additional tenants include Potbelly, LensCrafters and Sweetgreen. Joe Girardi and Stan Nitzberg of Mid-America brokered the sale on behalf of the private seller. Hines U.S. Property Partners was the buyer.
LENEXA, KAN. — Copaken Brooks has completed the lease-up of the first phase of Restaurant Row in Lenexa. The latest addition, Zhoug Mediterranean, will open in the final 3,000-square-foot space this fall. Zhoug is a fast-casual restaurant that serves Mediterranean foods. Additional tenants at Phase I of Restaurant Row include Enjoy Pure Food + Drink, Cactus Grill TexMex & Tequila and Tupelo Honey. Erin Johnston of Copaken Brooks represented ownership, while John Nolan and Charlie Lowe of Crossroads Real Estate Group represented Zhoug.
HOMEWOOD, ILL. — Marcus & Millichap has arranged the sale of an 11,772-square-foot retail building in the Chicago suburb of Homewood for an undisclosed price. U.S. Bank anchors the property, which is located at 18300 Dixie Highway. U.S. Bank contributes to 68 percent of the property’s income stream, and the branch has been operating continuously as a bank since 2005. Austin Weisenbeck, Sean Sharko and Adrian Mendoza of Marcus & Millichap represented the seller, a limited liability company. The trio also secured and represented the all-cash buyer, a limited liability company.
BRASELTON, GA. — Branch Properties, an Atlanta-based shopping center development firm, has acquired land in Braselton for the development of a Publix-anchored shopping center. Dubbed Braselton Village, the 70,987-square-foot retail center will be located at the intersection of Old Winder Highway and the newly constructed Braselton Village Parkway, about 50 miles northeast of Atlanta. Branch Properties expects to deliver the property, which will feature 22,600 square feet of inline retail space in addition to the Publix grocery store, in second-quarter 2025. In addition to Braselton Village, Branch Properties is also developing or recently delivered four other Publix-anchored centers in the Southeast: Triple Crown Shopping Center in Richwood, Ky.; One Nexton in Summerville, S.C.; Limestone Marketplace in Gainesville, Ga.; and the recently completed Summerhill Station in Atlanta.
LOS ANGELES — JLL Capital Markets has arranged $65 million in financing for Wateridge, a six-building office and retail campus in West Los Angeles. LPC Realty Advisors I LLC, an investment advisory affiliate of Lincoln Property Co., is the borrower. Todd Sugimoto, Mark Wintner and Chad Morgan of JLL Capital Markets secured the five-year, fixed-rate financing with Deutsche Bank. Built between 1989 and 2005 on 21 acres, Wateridge features three multi-tenant office buildings, a single-tenant medical office building, a standalone 24-hour fitness facility and a multi-tenant retail strip center. At the time of financing, the 583,580-square-foot campus was 80 percent occupied and leased by credit tenants, including Kaiser Health Foundation, County of Los Angeles and Providence Health.
DESERT HOT SPRINGS, CALIF. — Progressive Real Estate Partners has brokered the sale of a retail property, located at 13000-13160 Palm Drive in Desert Hot Springs, located in the Coachella Valley. An Orange County-based private investor sold the property to a Los Angeles County-based private investor for $6.1 million in an all-cash transaction. Totaling 33,004 square feet, the property features a multi-tenant building and two pad buildings, one of which is occupied by Chase Bank. Greg Bedell of Progressive Real Estate Partners represented the seller, while Heather Sharp of Progressive Real Estate Partners procured the buyer in the transaction.
SOUTH LYON, MICH. — World Custom Alterations is relocating its shop from Northville to downtown South Lyon, about 16 miles northeast of Ann Arbor. The tenant has leased a 1,500-square-foot space on West Lake Street. Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord.