MORRISTOWN, TENN. — A 47,600-square-foot Food City, located at 4100 Cool Springs Rd. in Morristown, has sold for $4.7 million. Food City has more than 10 years remaining on its lease for the stand-alone store. Nancy Miller and Sheree Strome Berk of Atlanta-based Bull Realty represented the seller, Foodmor Associates, in the transaction. Tom Kallenbach represented the buyer, B.B. & J. Holdings.
LITHIA, FLA. — NorthMarq Capital has arranged $4.81 million in first mortgage refinancing for the 59,895-square-foot Shoppes of Fishhawk, located at 16751 Fishhawk Blvd. in Lithia. Sweetbay Supermarket anchors the center. Alison Williams of NorthMarq's Tampa, Fla., office arranged the 10-year loan with a 25-year amortization on behalf of the Tampa-based borrower through UBS — CMBS Platform.
CHICAGO — Chicago-based Bally Total Fitness has agreed to sell 39 fitness clubs to Blast Fitness Group LLC, in eight markets including St. Louis and Milwaukee. Blast plans to honor all Bally memberships associated with these markets. The transaction is expected to close May 1. J.P. Morgan Securities LLC acted as exclusive financial advisor to Bally.
LAKEWOOD, OHIO — Visconsi Cos. has sold a freestanding Sherwin Williams store in Lakewood for $1.6 million. Sherwin has approximately 9 years remaining on its 15-year lease. Mark Luttner of Luttner Real Estate Services represented the seller in the transaction. He also represented the buyer.
PHILADELPHIA — Bottom Dollar Food has opened its 4th Philadelphia store at 7900 Roosevelt Blvd. The 19,600-square-foot store is located in the former Ilona Keller's Dugan Banquet Hall, which was built in the early 1960s. Soloff Realty & Development Inc. developed the property. Matthew Shanahan of Colliers International represented the landlord and Frameco Real Estate represented the tenant. Based in Salisbury, N.C., Bottom Dollar operates 1,650 grocery stores in 16 states.
HAZELWOOD, MO. — Construction is complete on a new $6 million auto dealership for Mungenast Hyundai in Hazelwood, located north of St. Louis. The new 37,500-square-foot dealership will be used for automobile sales, repair, storage and detailing. The building's features include a coffee bar and a drive-thru space for customers to drop-off and pick-up cars. Swansea-based Holland Construction Services built the facility and the architect was Chesterfield-based HDA Architects.
FORT WAYNE, IND. — Paragon Fitness LLC has signed a lease expansion for 1,539 square feet at its CrossFit Training facility at 829 Lawrence Dr. in Fort Wayne. John Caffray of NAI Harding Dahm represented Paragon in the transaction.
HOUSTON — Trammell Crow Co. has partnered with Prudential Real Estate Investors and The Morgan Group to sell the 253,000-square-foot Greenway Commons, a Class A super-regional power center located at 3838 Richmond Ave. in Houston. The property is currently 96 percent occupied by tenants including Costco Wholesale, LA Fitness, Iberia Bank, Buffalo Wild Wings, Panda Express and Memorial Hermann Healthcare System. Phoenix-based Cole Real Estate Investments purchased the property, and Houston-based CDA Architects designed the facility.
FORT WORTH — Marcus & Millichap has arranged the sale of the 33,120-square-foot Trail Lake Plaza, a retail center located at 5016 Trail Lake Dr. in Fort Worth. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a private investor, in the transaction. Vincent Knipp, also of the firm's Fort Worth office, procured the buyers, a limited liability company and a private investor.
JASPER, GA. — Marcus & Millichap has negotiated the sale of the 61,549-square-foot Shops at Jasper, located at 934 E. Church St. in Jasper. A 14,538-square-foot Save-A-Lot and a 15,000-square-foot Beall's Department Store anchor the center, which is 93 percent leased. Tim Giambrone of Marcus & Millichap's Atlanta office represented the seller, an Ann Arbor, Mich.-based private company, in the transaction. A California-based private investor was the buyer.
