FORT WAYNE, IND. — Dollar General has renewed its lease for 9,000 square feet at 1425 Goshen Rd. in Fort Wayne. Brad Sturges of CBRE/Sturges represented the landlord, Gateway Plaza Shopping Center in the transaction. He also represented the tenant.
EASTPOINTE, MICH. — Totally U Boutique, a fashion retailer, has signed a 1,556-square-foot lease in East Brooke Commons at 9 Mile Rd. in Eastpointe. Mid-America Real Estate-Michigan represented the landlord, East Brooke Commons Limited Partnership, in the transaction.
STRATFORD, CONN. — Urstadt Biddle Properties has received $28 million in mortgage financing for the company's 271,000-square-foot shopping center in Stratford. The Dock Shopping Center is anchored by a 60,000-square-foot Super Stop and Shop. ING Life Insurance and Annuity Co. provided the 10-year loan, which has a 30-year amortization schedule.
HILLCREST, CALIF. – The ground-floor retail space that is attached to the Atlas Condos mixed-use property in Hillcrest has sold to Hamon Properties, LLC for $2.4 million. Atlas Condos was built in 2009 and contains 140 units atop 5,348 square feet of retail. The four-unit retail space is fully leased to Pappalecco’s Gelato Café, Osteria Origano Italian Restaurant, Beauty By Dolly salon and Pure Barre fitness studio. Hamon was represented by Bill Shrader of Cushman & Wakefield. Chris Rink and Randee Stratton of Cassidy Turley BRE Commercial represented the seller, Western Pacific Housing, Inc/D.R. Horton, which was the original developer.
PALM SPRINGS, CALIF. — Lucent Capital has arranged $11.5 million in first-mortgage debt cross-collateralized by two Class A retail centers in Palm Springs. Both centers are owned by Wessman Development. They include the 42,434-square-foot Plaza Mercado and the 34,010-square-foot Plaza las Flores. The loan features a 10-year term and a 5.35 percent fixed interest rate.
LOUISVILLE, KY. — Stream Realty Partners has acquired the 101,000-square-foot Central Station Shopping Center, located at 3165 S. 2nd St. in Louisville. A 46,000-square-foot Kroger anchors the center, which is currently 85 percent leased to tenants including Starbucks, T-Mobile, FedEx Kinko's, H&R Block, Quizno's, Edward D. Jones, Little Caesar's and Supercuts. The Shopping Center Group has been retained to lease and manage the asset. Craig Collins of Louisville-based Commercial Kentucky represented the seller in the transaction. George Dickinson of Fletcher Bright & Co.'s Atlanta office arranged financing through Birmingham, Ala.-based Protective Life Insurance Co.
DAYTONA BEACH, FLA. — A 10,908-square-foot CVS/pharmacy, located at 1350 Beville Rd. in Daytona Beach, has been sold for $4 million. Leon Brockmeier of Marcus & Millichap's Tampa office represented the seller, a limited liability company from Miami, in the transaction. Patrick Whitney of the firm's Jacksonville, Fla., office represented the buyer, a Colorado-based limited liability company in a 1031 exchange.
COLLEYVILLE, MCKINNEY, MESQUITE AND VICTORIA — Dallas/Fort Worth-based Venture Commercial Real Estate has facilitated the sales of a standalone Market Street store, Stonebridge Ranch shopping center, Northcross Shopping Center and Galloway Crossing for approximately $41.8 million. Canada-based RioCan purchased the 72,617-square-foot standalone Market Street store, located in Colleyville, and the 88,552-square-foot Stonebridge Ranch shopping center, located in McKinney. RioCan purchased the retail properties from Uhlmann Offices for $29.9 million. John Zikos, Easley Waggoner, Amy Pjetrovic-Hunnicutt and Chris Booras of Venture Commercial represented the seller in the transaction. Sterling Organization will manage both properties. December Galloway LLC purchased the 59,425-square-foot Galloway Crossing, located at 2110 N. Galloway Ave. in Mesquite. The shopping center is 85 percent leased to tenants including H&R Block, Sylvan Learning Center and Dollar General. Chris Corbin and Bob Moore of Venture Commercial represented the buyer in the transaction. The seller was a special servicer. Venture Commercial will handle the leasing and management of the retail property. Dunhill Partners has purchased the 165,522-square-foot Northcross Shopping Center, located at 5201 Navarro St. in Victoria, from ANB Assets. Zikos and Booras represented the seller in the transaction. Nelson Billups and Alan Mann of Venture Commercial represented the buyer.
SAN ANTONIO — Gold's Gym International has purchased 11 Spectrum Athletic Club locations in the San Antonio area. All 11 facilities will be rebranded under the Gold's Gym name but all Spectrum memberships will be honored. The acquisition brings the number of Gold's Gym locations in San Antonio to 20.
KATY — Dallas-based Main Event Entertainment has plans to open the 54,000-square-foot Main Event Katy, an entertainment destination that will be located in the 129-acre Katy Ranch Crossing in Katy. The new location will be the 11th Main Event and will feature bowling lanes, an indoor rope course, laser tag and an arcade. Katy Ranch Crossing is expected to commence construction in the first quarter of this year, and Main Event Katy is slated to open in late 2012.