SAN JUAN CAPISTRANO, CALIF. — O'Reilly Automotive has signed a 15-year lease for a 6,000-square-foot retail location in San Juan Capistrano. The property, which was formerly a Sizzler, is located at 31863 Del Obispo. The company plans to use this new location to expand its Orange County presence. O'Reilly was represented by Keith Kropfl of Voit’s Irvine office. The owner, Theodore H. Stroscher Investments, LLC, was represented by Jim Clarkson of Strategic Retail Advisors in this transaction.
ODESSA, FLA. — Marcus & Millichap has arranged the $1.6 million sale of the 296-unit Storage Haven, a 37,210-square-foot, self-storage facility located at 2135 Gunn Hwy. in Odessa. The property is 94 percent leased. Michael Mele and Adam Wides of Marcus & Millichap's Tampa office represented the seller, a limited liability company, in the transaction and procured the buyer, a private investor.
BRANSON, MO. — Inland Real Estate Acquisitions has acquired two shopping centers in Missouri and Tennessee for a combined $74 million. Inland purchased Shoppes at Branson Hills, a 348,700-square-foot shopping center in Branson for $38.5 million. Tenants include Home Depot, Petco and Bed Bath & Beyond. Inland was represented in-house by Matt Tice in the deal. The company also acquired Hamilton Crossing, a 175,485-square-foot shopping center in Alcoa, Tenn. Both properties were acquired on behalf of Inland Diversified Real Estate Trust Inc.
OXFORD, MICH. — Center Management has acquired The Promenade at Waterside, a retail development in Oxford, for an undisclosed amount. The 67,000-square-foot retail center is located on Lapeer Road. Tenants include Tim Horton's and Chili's. Stokas Bieri Real Estate, an X Team International Partner, represented the buyer in the transaction. Beltway Capital Management, the seller, was self-represented.
BIRMINGHAM, MICH. — Walgreens Co. has signed a 32,487-square-foot lease to occupy a former Borders Books & Music in Birmingham. The property is located at 34300 Woodward Ave. Susan Acciaioli and Brad Rosenberg of Mid-America Real Estate-Michigan Inc. represented the landlord, Related Birmingham LLC, in the transaction. They also represented the tenant.
EL PASO — The 461,000-square-foot Freedom Crossing at Fort Bliss, the first-ever open-air shopping center to be part of a U.S. military base, is adding A'GACI, O'shoes and Texas Roadhouse to its tenant roster. A'GACI will open an approximately 8,000-square-foot store with O'shoes, its sister store, and Texas Roadhouse will open a 7,900-square-foot location. Other tenants include The Exchange, Commissary, Grand Theatre Fort Bliss 10, Under Armour, Buffalo Wild Wings, Smashburger, Shamrocks Irish Pub and The Sushi Place. There are several new tenants about to open new stores in the center as well, including Things Remembered, Chi Town Bar-B-Que, Auntie Anne's, Cinnabon and Old Fort Bliss Cigar. ServiceStar Property Management manages the center, which is open to civilians.
BIRMINGHAM, ALA. — A 36,000-square-foot former RoomStore, located at 1686 Montgomery Hwy. in Birmingham, has sold for $1.8 million. Bill McDavid of Birmingham-based Southpace Properties represented the seller, Marks Properties, in the transaction. Bill Clements of Retail Specialists' Birmingham office represented Schaeffer Properties, the buyer.
PLANO — The 138,514-square-foot Legacy Drive Village, a community shopping center located at the northeast corner of Legacy Drive and Independence Parkway in Plano, has been purchased. The buyer, an out-of-state pension fund, purchased the grocery-anchored center from Legacy Village Associates, a joint venture assembled by Cencor Realty Services. Kroger Signature anchors the center, which includes Mooyah Burgers & Fries, Einstein Bros. Bagels, Optical Zone, Subway, Rita's, AAA Texas, Dunkin' Donuts, Angelo Vito's, Fantastic Sams, Texas Family Fitness and Palm Beach Tan. The Weitzman Group will continue to market the center under the new ownership and Cencor Realty Services will manage the center.
HARKER HEIGHTS — Ross Stores will be opening a new 28,000-square-foot Ross Dress for Less store at the 650,000-square-foot Market Heights Shopping Center in Harker Heights. Other tenants include Target, Bed Bath & Beyond, Dick's Sporting Goods, Barnes & Noble, Old Navy, Ulta and Petco. Dallas-based Direct Development owns the property. Former Dallas Cowboy Troy Aikman serves as principal of the group.
DALLAS AND FORT WORTH — Dunkin' Donuts has partnered with former Dallas Cowboys quarterback Troy Aikman and Dallas Cowboys owner Jerry Jones to open 50 Dunkin' Donuts locations in the Dallas/Fort Worth area during the next 5 years. There are currently 19 restaurants in the north Texas area. Under the agreement, Dunkin' Donuts, Jones and Aikman will share ownership of the 50 new locations and 11 of the existing 19 locations. Dunkin' Donuts will operate all 69 locations, while Aikman, Jones and Dunkin' Donuts are jointly responsible for strategic planning, expansion and marketing.