WEST CHESTER, OHIO — Liberty Towne Center, a 22,798-square-foot shopping center in West Chester, Ohio, has sold for $1.3 million. Located at 7206-7240 Towne Center Dr., the center was 60 percent occupied at the time of sale. Rob Taylor and Mike Sullivan of Cassidy Turley's Ohio office represented the seller, Dawn BV LLC. The buyer was a local family trust.
BASTROP — Plano-based Rent-A-Center has opened a 6,000-square-foot showroom, located at 67 Loop 150 W. in Bastrop. The new store marks the business' 281st location in Texas. San Antonio-based GLM Construction built the store, which was designed by Dallas-based Dimension Group.
CORAL SPRINGS, FLA. — The 21,200-square-foot Brookside Square, a Publix-shadow anchored retail property located at 10611 Wiles Rd. in Coral Springs, has sold for $2.42 million. Barry Wolfe of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller, an individual/personal trust, in the transaction and procured the buyer, a limited liability company.
GASTONIA, N.C. — Calkain Cos. has arranged the $2.3 million sale of a 10,900-square-foot retail property, located in Gastonia. Andrew Fallon of Calkain Cos.' Bethesda, Md., office represented the buyer, a mid-Atlantic real estate investor, in the transaction. Simon Jonna and Raymond Jonna of Marcus & Millichap represented the seller. The property is leased to Rite Aid under a long-term, triple net lease.
CHARLOTTE, N.C. — Percival McGuire Commercial Real Estate Development has completed a $1.4 million, 9,100-square-foot Dollar General, located at 6542 Statesville Rd. in Charlotte. The ground-up development started in August.
DALLAS — Venture Commercial, a Dallas-based retail brokerage service, has arranged leases for three Northern Tool + Equipment locations in the Midwest. The leases, which range between 15,000 and 16,000 square feet, are located at 4661 Associated Ct. in Appleton, Wis.; Oak Park Commons in Lenexa, Kan.; and 2601 South Louise Ave. in Sioux Falls S.D. Clay Mote of Venture Commercial and a partner of X Team International represented the retailer in Sioux Falls and the landlord, HOM Furniture, was self-represented. In Lenexa, Mote and Tom O' Leary of Lane4 Property Group represented the retailer, while the landlord was represented by David Bayer of KC Commercial. Mote also represented the retailer in the Appleton deal, while the landlord was represented by Nick Tice and Thomas Hagedorn of Commercial Property Associates. Northern Tool + Equipment also signed additional leases in Oklahoma and Florida. The retailer signed 10-year leases in all locations.
NORTH ATTLEBORO, MASS. —The new Nissan Village car dealership in North Attleboro, Mass. will open Nov. 7. The 33,000-square-foot, two-story building includes a showroom, sales offices and a service department with 19 service bays. The dealership building was designed by Brockton, Mass.-based BKA Architects and Rumford, R.I.-based New England Construction was the general contractor for the project.
HOUSTON — Los Angeles-based Pacific Retail Capital Partners has committed $24 million for the redevelopment of its 1.07 million-square-foot West Oaks Mall, located at 1000 West Oaks Mall in Houston. The redevelopment includes a new grand entrance, lighting and furniture upgrades, a new pedestrian plaza, the addition of a 14-screen Edwards Theatre and several new restaurants. The redevelopment is slated for a fall 2012 completion.
WINDCREST — Whitestone REIT has signed SKECHERS USA to a 10,000-square-foot lease for a new outlet store inside the Windsor Park Centre, a shopping center located at 8610 Fourwinds Dr. in Windcrest. Other tenants in the center include The University of Phoenix, Michaels, Cavender's Boot City, Office Depot and PetSmart. Ross Dress for Less and Mattress FIRM are expected to be open for business in the center during 2012. Whitestone REIT was self-represented by Dan Nixon and Richard Vaughan in the lease transaction. Leslie Mayer of Cushman & Wakefield's Los Angeles office and Gene Williams of The Weitzman Group's San Antonio office represented the tenant.
UPLAND, CALIF. — Grandbridge Real Estate Capital has secured a $10.2-million first-mortgage loan for a Kohl’s Department Store in Upland. Kohl’s occupies a76,212-square-foot, single-tenant retail store that was built in 1978 and renovated in 2009. The self-amortizingloan features a 17-year term and a fixed rate that is below 5 percent. Financing was arranged by Grandbridge’s vice president Mikko Erkamaa through American United Life Insurance Company. He was assisted by senior real estate analyst Dean Huber.