SOUTH LEBANON, OHIO — San Diego-based USA Properties has acquired a 117,000-square-foot, freestanding retail building in South Lebanon. The building, which is occupied by Lowe's Home Improvement Warehouse, sold for $5.1 million. Lowe's is one of the anchor tenants for the 450,000-square-foot Pavilion at Rivers Crossing, an under construction shopping center in South Lebanon. Ben Wineman, Tom Fritz and Mark Goldberg of Mid-America Real Estate Corp., along with Tracy Green of Ohio Realty Advisors, represented the seller, Rivers Power Crossing LLC, in the transaction.
MILFORD, OHIO — Viking Partners Fund I has purchased a retail center, which is located at 824 Main St. in Milford, for $3.45 million. The 108,922-square-foot center is occupied by Kroger, Dollar Tree, CATO, Sally Beauty, Great Clips, Aaron's Rents and Quizno's. The 88-percent-occupied center was sold by an Australia-based REIT.
CHICAGO — Chicago-based LG Development Group has broken ground on a 9,200-square-foot retail space at 1480 N. Milwaukee in Chicago's Wicker Park/Bucktown neighborhood. The development will offer up to four retail storefronts ranging from 1,445 to 3,765 square feet. California-based Native Foods Cafe has leased 3,100 square feet at the property and plans to open this summer.
HOUSTON — Francois Le of Marcus & Millichap has facilitated the sale of a 3,500-square-foot AT&T Wireless store located at 6900 Southwest Fwy. in Houston. Le represented the seller, a limited liability company, and Ryan Gonzalez and Kevin King of Marcus & Millichap represented the buyer, also a limited liability company. The retail property is situated on 16,983 square feet of land and was listed for $1.1 million.
GARDEN GROVE, CALIF. — NAI Capital has brokered the $5.64 million sale of a 44,066-square-foot retail property located at 9912-9952 Katella Ave. in Garden Grove. Represented by Flag Financial Realty’s Ahmed Alam, Garden Grove Town Center Plaza purchased a portion of the Albertsons-anchored center from LNR Partners in order to open an ethnic market. NAI Capital’s Fariba Kavian represented the seller in the transaction.
REDMOND, WASH. — Five Guys Burgers and Fries has leased 2,475 square feet at Regency Centers’ Overlake Fashion Plaza, located at 2150 148th Ave. NE in Redmond. Terms of the deal were not disclosed. The commitment by the quick-service provider of freshly made burgers, hot dogs and fries will bring the 80,555-square-foot center to 100 percent occupancy when the restaurant opens for business this summer. Angela Oliveri of First Western Properties represented the tenant in the transaction, and Leibsohn & Co.’s Tyler Jones represented the Jacksonville, Fla.-based shopping center owner, operator and developer. The lease agreement constitutes the second Five Guys Burgers and Fries restaurant in Regency’s Pacific Northwest portfolio.
NEW PHILADELPHIA, OHIO — An out-of-state private investor has acquired a 4,900-square-foot two-tenant retail building in New Philadelphia. The property, which sold for $1.15 million, is occupied by Aspen Dental and AT&T. Mark Luttner of The Luttner Retail Group represented the buyer in the transaction. The seller was not released.
BLOOMFIELD, CONN. — DeLaurentis Management Corp. has purchased Filley Pond Plaza, a 58,643-square-foot shopping center located at 38-40 Tunxis Ave. in Bloomfield, for $4 million. Colliers International represented DeLaurentis as well as the seller, Tunxis Fund LLC.
CARROLLTON — Carrollton Corners shopping center, a 14,885-square-foot retail property located at 1017 E. Trinity Mills Rd. in Carrollton, has traded. Colorado-based DPC Development, dba Carrollton Shops LLC, sold the property to JGEP Investments for an undisclosed price. Brad Cruickshank and Trip Green of The Woodmont Company of Fort Worth, a full service real estate organization, represented the seller.
ELGIN, ILL. — DLC Management Corp. is planning the renovation Wing Park Shopping Center in Elgin. The company has pre-leased the retail redevelopment project to two tenants. Walgreens has signed 75-year lease for a build-to-suit, 14,820-square-foot prototypical store with a drive-thru and the existing Family Dollar will relocate and expand into an 8,400-square-foot space. Currently, the property is 80 percent pre-leased. U.S. Bank provided an $8.5 million loan for the project, which is slated for completion this fall.