PLANO — H Mart has leased 72,267 square feet of anchor space at Parker Towne Centre, a community shopping center located at 3220 K Ave. in Plano. The shopping center will be rebranded as the Super H Mart Towne Centre. Sungju Choi of Carrollton-based Dallas Realty represented the tenant in the lease transaction. The landlord, Dallas/Fort Worth-based Retail Plazas, was self-represented by Cory McCord and Earl Harris of The Weitzman Group's Dallas office.
GARLAND — Addison-based Razzoo's has opened a new 6,500-square-foot Razzoo's Cajun Cafe at the Firewheel Town Center, an open-air shopping center located on the northeast corner of the President George Bush Turnpike and Highway 78 North in Garland that features anchors Macy's, Dillard's and an AMC Movie Theatre. The restaurant is the company's 14th location in Texas. Dallas-based Zero 3 designed the restaurant while Lewisville-based Strong Group served as the contractor. Brian Glaser of The Weitzman Group's Dallas/Fort Worth office represented the tenant in the lease transaction.
ALCOA, TENN. — Oak Brook-Ill.-based Inland Diversified Alcoa Hamilton LLC has acquired the 175,996-square-foot Hamilton Crossing, located in Alcoa, from Alcoa-based Hamilton Crossing I for $31.27 million. Dick's Sporting Goods, Ross Dress for Less, Michael's, PetSmart and Old Navy anchor the center. Berkeley Capital Advisors represented the seller in the transaction.
SNELLVILLE, GA. — Benning Construction Co. has been selected to build a 42,000-square-foot, freestanding Walmart Neighborhood Market, located at 2912 W. Main St. in Snellville. Completion is slated for fall 2012. Currently, there are more than 160 Walmart Neighborhood Markets in the United States.
BIRMINGHAM, ALA. — Mercy Medical has signed a 45,540-square-foot lease at a former Havertys store, located off of Interstate 20 in Birmingham. Mercy Medical will renovate the freestanding building and use it for a seniors medical clinic and physical therapy center beginning in late fall. Michael Bull, Theresa Johnson and John Harrison of Atlanta-based Bull Realty represented the landlord, Havertys, in the transaction. Craig Dyas of Fairhope, Ala.-based DYAS represented the tenant.
FLINT, MICH. — Great Neck, N.Y.-based Namdar Realty Group has acquired Eastridge Commons, a 169,676-square-foot shopping center in Flint, for an undisclosed amount. The shopping center's anchors include T.J. Maxx, Dollar Tree and Party City. Ben Wineman and Daniel Stern of Mid-America Real Estate Corp. represented the seller, Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust, in the transaction. The buyer was self-represented.
MAYWOOD, ILL. — A London-based private investor has purchased a triple-net leased White Castle property in Maywood for $838,700. White Castle is the sole occupant of the 1,400-square-foot retail building, which is located at 211 W. Roosevelt Rd. The company has 10 years remaining on its lease. Randy Blankstein and Jimmy Goodman of the Northbrook, Ill. office of The Boulder Group represented the seller, a Chicago investment firm.
NEW YORK CITY — New York City-based Modell's Sporting Goods recently opened three new locations in New York and New Jersey. The company opened a 13,000-square-foot store at 61-09 190th St. in Fresh Meadows, N.Y. and a 15,900-square-foot store at 1584 Flatbush Ave. in Brooklyn. The third location is a 16,700-square-foot store at 1607 State Route 23 in Wayne, N.J. Modell's offers the top brands in sporting goods equipment, footwear and active apparel. The retailer operates 150 stores in the Northeast.
RIVERSIDE, CALIF., SALT LAKE CITY — The Alison Company’s Shaun Moothart has arranged $4.2 million in financing for three Western-based single-tenant properties. This included two retail buildings in Riverside that are currently occupied by Rite-Aid and a newly built office building in Salt Lake City that is occupied by a government agency. Loan terms range from 20 to 25 years with 25-year amortization schedules. Interest rates are in the low 5 percent range. All three loans were placed with correspondent lenders by the Alison Company, which will service the loans.
WOODSTOCK, GA. — A single-tenant, triple-net leased National Tire and Battery Auto Parts, located at 2010 Eagle Dr. in Woodstock, has sold for $2.5 million. The tenant is the sole occupant of the 7,383-square-foot building. Randy Blankstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the buyer, a high net worth family office, in the transaction. The seller was a Southeast-based developer.