BRANDON, MISS. — Copeland & Johns Inc. is constructing a Courthouse Fitness & Racquet Ball Club facility on Mar-Lyn Drive in Brandon. The single-story, 30,000-square-foot property will feature adult fitness facilities, including a group fitness area, a spinning room and full cardio and weight equipment, and a Courthouse JumpZone for children. Additionally, the building will space for two additional tenants. Completion is slated for August.
Retail
CHICAGO — Randy Blankstein and Jimmy Goodman of The Boulder Group has brokered the sale of a single-tenant, net-leased Citibank property in Chicago. The 5,500-square-foot retail property sold for $2.18 million. Blankstein and Goodman represented the Chicago-based undisclosed seller. The buyer was a California-based family partnership.
DALLAS — Andy Austin and Patrick Halstin of Halstin Group have signed a 10-year lease to launch Private Social, a casual upscale dining concept with Tiffany Derry of Top Chef fame, at the 263,921-square-foot One McKinney Plaza at the corner of Hall Street and McKinney Avenue in Dallas. Marc Marrocco of The Weitzman Group negotiated the retail lease for Gaedeke Group, the leasing and management firm for the mixed-use building. Halstin Group was represented by Jason Puig of SRS Real Estate Partners. Private Social plans to launch this summer.
MIAMI — Joint venture affiliates of Terranova Corp. and Acadia Realty Trust have acquired three Miami Beach retail buildings in a $52 million transaction. The assets are 741 Lincoln Road, 600 Lincoln Road and 723 Lincoln Road, which total more than 61,000 square feet. Current tenants at the properties include Starbucks Coffee, Geox Shoes, Sushi Samba Dromo and Tacontento. Terranova will manage and lease the Lincoln Road properties.
COLUMBIA, S.C., AND MOORESVILLE, N.C. — Peter Couchell of NAI Earle Furman has brokered two retail sales in South and North Carolina. In the first transaction, Couchell represented the undisclosed buyer in the $1.08 million acquisition of a 9,014-square-foot retail investment in Columbia. Additionally, Couchell represented a New York-based corporation in the acquisition of a 3,545-square-foot retail asset in Mooresville. The property, which is occupied by AT&T, sold for $1.98 million. The sellers in both transactions were not disclosed.
MARQUETTE, MICH. — A California-based REIT has acquired a single-tenant, triple-net leased Best Buy property in Marquette. Located on a 4.81-acre site, the 30,040-square-foot building sold for $4.95 million. The property is long-term leased to Best Buy. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer. The seller was an undisclosed private partnership.
ST. PETERS, MO. — Myeng Park has purchased a 5,334-square-foot retail building in St. Peters. Pheasant Tracks sold the property, which is located at 1320 Triad Center Dr., for an undisclosed price. Carl Conceller of Coldwell Banker Commercial represented the buyer. The seller was represented by Cassidy Turley.
NEW YORK CITY — Discount grocer ALDI has opened its first New York City location. That store is located at 61-11 Junction Blvd. in Queens' Rego Park neighborhood. The grocer also plans to open stores in the Bronx and in the Long Island community of Bay Shore in the near future.
ALBUQUERQUE, N.M. — NAI Maestas & Ward Commercial Real Estate’s Jim Hakeem represented Twisters in the purchase of a 25,000-square-foot parcel of vacant land in the retail center located near the northwest corner of Paseo del Norte and Wyoming in Albuquerque. Terms of the deal were not disclosed. According to NAI Maestas & Ward, the acquisition will accommodate the fast-casual restaurant company’s 15th location.
ORLANDO, FLA. —The Lightstone Group, along with Paragon Outlet Partners, has acquired Festival Bay Mall, which is located at 5250 International Dr. in Orlando. Situated on 139 acres, the 750,000-square-foot shopping center sold for $25 million. Lightstone plans to reposition the asset. The property is currently occupied by a variety of tenants, including Bass Pro Shops Outdoor World, Cinemark 20 Theatres, Ron Jon Surf Shop, Sheplers Western Wear and Vans Skatepark.