Retail

NEW WALGREENS COMING TO HOUSTON

by admin March 22, 2012

HOUSTON — Rankin NDG Houston LLC has purchased 73,740 square feet of land, located at the southeast corner of Rankin Road and Kuykendahl Road in Houston, for the construction of a 14,820-square-foot Walgreens. Levinson Alcoser Associates is providing architectural services for the project and Sundance Construction Co. is the general contractor. David Boniuk of Houston-based Mila Properties represented the seller, Boniuk Interests, in the transaction. Mark Davis of Houston-based Davis Commercial represented the buyer. The project is slated for an October 1, 2012, completion.

March 22, 2012

REGENCY CENTERS TO DEVELOP SOUTH BAY VILLAGE

by admin March 22, 2012

TORRANCE, CALIF. — Regency Centers has begun construction on South Bay Village, a 109,293-square-foot neighborhood center in Torrance. The center will be anchored by Orchard Supply Hardware and HomeGoods. They are both scheduled to open in September. In addition to these anchors, the center will include a future 30,000-square-foot anchor and one outparcel. South Bay Village will be constructed on the site of a former Kmart. The center is being built by Moorefield Construction and designed by Architects Orange.

March 22, 2012

Retail Southeast

HULL STOREY GIBSON COS. BUYS VA. MALL

by admin March 21, 2012

DANVILLE, VA. — Augusta, Ga.-based Hull Storey Gibson Cos. has acquired the 731,500-square-foot Piedmont Mall, located at 325 Piedmont Dr. in Danville. The company plans to renovate the property, including an upgrade of the interior and exterior, lighting, entrances, signage, painting and flooring.

March 21, 2012

Retail Southeast

CASTO TO BEGIN PHASE II OF PARK WEST VILLAGE

by admin March 21, 2012

CARY, N.C. — CASTO has plans to start the 200,000-square-foot Phase II of Park West Village, a 100-acre, mixed-use development located in Cary. Phase II will include tenants such as a 55,000-square-foot, 14-screen Stone Theaters movie theater, a 52,000-square-foot Gander Mountain and a 6,000-square-foot The Wine Guy Bistro. Gander Mountain will open this fall and Stone Theaters is slated for completion in early 2013.

March 21, 2012

Retail Southeast

WALGREENS SELLS FOR $7.77M

by admin March 21, 2012

PORT SAINT LUCIE, FLA. — A 14,736-square-foot Walgreens, located at 5505 NW St. James Dr. in Port Saint Lucie, has sold for $7.77 million. Stephen Heim of Fort Lauderdale, Fla.-based NAI Rauch Weaver Norfleet Kurtz & Co. represented St. James Capital, the buyer, in the transaction. Marcus & Millichap represented the seller, St. Andrews Park II.

March 21, 2012

Midwest Retail

WORLD MARKET TO OPEN NEW STORE IN ILLINOIS

by admin March 21, 2012

MOUNT PROSPECT, ILL. — Cost Plus World Market will open a new store at 151 Euclid Ave. in Mount Prospect. The 18,300-square-foot store will be the specialty retailer's 13th location in Illinois. Located in the Randhurst Village Shopping Center, the store will carry home furniture and decor, fashion accessories, personal care products, gourmet food and wine. The store opens to the public March 29.

March 21, 2012

Midwest Retail

RENT-A-CENTER INKS NEW LEASE IN NEW HAVEN

by admin March 21, 2012

NEW HAVEN, IND. — Rent-A-Center, a chain of rent-to-own stores offering furniture, appliances and electronics, has signed a 4,300-square-foot retail lease in New Haven. The property is located in the Meadowbrook Shopping Center at 906 Lincoln Highway West. Stanley Phillips of NAI Harding Dahm represented the landlord, Fort Wayne New Haven Associates LP, in the transaction.

March 21, 2012

Retail Texas

NET REALTY ARRANGES SHOPPING CENTER SALE

by admin March 21, 2012

CARROLLTON — Net Realty Advisors has brokered the sale of the 14,336-square-foot Shops at Mercer Crossing, a shopping center located at Luna Road and Valley View Lane in Carrollton. The property was 40 percent leased at the time of the sale to tenants such as Subway, b.b. bop and All Dogs Unleashed. Gavin Kam and Brad Kam of Net Realty Advisors were the sole brokers in the transaction. The buyer is a West Coast-based investor and the seller is a local retail developer.

March 21, 2012

Retail Texas

WOODLAND PROPERTY BROKERS RETAIL SALE

by admin March 21, 2012

AUSTIN — Austin-based Woodland Property Group has arranged the sale of 2324 South Lamar, a retail property located in Austin. William Stringer of Austin-based Ausvest Commercial/Investment Real Estate represented the seller in the transaction. Blair Helgren of Woodland Property Group represented the buyer, an Austin-based real estate investment group.

March 21, 2012

Retail Texas

FASHION BOUTIQUE TO RELOCATE TO WEST 7TH

by admin March 21, 2012

FORT WORTH — Lane-Knight has plans to relocate its Camp Bowie Boulevard store to a 1,411-square-foot location on Crockett Street in West 7th, a 13-acre mixed-use development in Fort Worth. The boutique is slated to open in late summer 2012. Frank Bullock and Carey Shagets of SRS Real Estate Partners' Dallas/Fort Worth office, along with Roger Chieffalo of Fort Worth-based Chieffalo Realty, represented both the landlord and tenant in the lease negotiations.

March 21, 2012

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