CARROLLWOOD, FLA. — Weingarten Realty Services has purchased a 6.33-acre property, located on Northdale Boulevard in Carrollwood, for $2.75 million to build a 37,144-square-foot Whole Foods. Jeff Tolrud of Colliers International's Tampa Bay, Fla., office represented Northdale Associates, the seller, in the transaction. Weingarten will clear the former JC Penney Credit Processing building currently occupying the site. Whole Foods is expected to open in late 2012.
VORHEES, N.J. — Marcus & Millichap Real Estate Investment Services has negotiated the $15.9 million sale of a retail condominium in Vorhees, N.J. net-leased to BJ's Wholesale Club. Matthew Gorman, Tom Gorman and Michael Shover of Marcus & Milllichap's Philadelphia office represented the seller, a local developer. The Gormans and Shover also teamed with Marcus & Millichap's Mark Taylor and Dean Zang to represent the buyer, H&R Reit of Canada. The 115,396-square-foot property was developed as a reverse built-to-suit for BJ's Wholesale Club in 2004. BJ's has 13 years of term remaining on the 20-year lease.
PASADENA — Bravo Ranch Supermercado has signed a 42,130-square-foot retail lease to occupy space at South Richey, a community center located in Pasadena. The Hispanic grocery store is slated to open in April 2012 in a space that Kroger used to occupy. The landlord, Whitestone REIT, was self-represented by Rafael Melara. Earl Harris of Weitzman Commercial's Dallas office represented the tenant in the transaction.
RIVIERA BEACH, FLA. — Deerfield Beach, Fla.-based SIKON Construction has completed construction on the new $7 million, 104,000-square-foot Publix at Riviera Beach, located at 252 E. Blue Heron Blvd. in Riviera Beach. Orlando, Fla.-based Brandon Structures developed the store, which was designed by Clearwater Beach, Fla.-based Fisher & Associates. The property includes a two-level parking structure on top of the 36,350-square-foot Publix store. The store will open on November 10.
PENSACOLA, FLA. — Plaza Advisors has arranged the sale of the 333,654-square-foot Gulf Breeze Marketplace, located at the intersection of U.S. 98 and County Road 281 in Pensacola. Walmart Supercenter and Lowe's Home Improvement shadow anchor the center. Jim Michalak and Lenard Williams of Plaza Advisor's Tampa, Fla., office, with Anthony Blanco of the firm's Miami office, represented DDR Corp., the seller, in the transaction. The buyer was a private equity group.
CEDAR PARK — Inland Western Retail Real Estate Trust has acquired the 486,896-square-foot 1890 Ranch, a shopping center located at 183-A Toll Road and East Whitestone Boulevard in Cedar Park, for $97.6 million. The shopping center includes tenants such as PetSmart, Academy Sports, Cinemark and Ross Dress for Less.
ARVADA, COLO. – Phase I of the 34,317-square-foot Arbor Village retail center in Arvada has sold to JP Arbor Village LLC for $7.4 million. The property consists of a strip center and two individual retail pads that are currently occupied by Taco Bell Corporation and Wendy’s International. Riki Hashimoto and Dan Grooters of Grubb & Ellis’ Private Capital Markets group represented the seller, in conjunction with David Spriggs of Legend Retail Group. JP Arbor represented itself.
BALDWIN PARK, CALIF. — NorthMarq Capital has arranged $6.5 million in permanent financing for the 24,605-square-foot Baldwin Park Towne Center in Baldwin Park. The single-story inline retail building was built in 1987. Notable tenants include Verizon Wireless, GameStop and AT&T. Financing was arranged by the firm’s John M. Stewart and Brock Yaffe through a correspondent relationship with one of NorthMarq’s life insurance companies.
ATWATER, CALIF. — Dollar Tree has leased 9,264 square feet at Applegate Ranch Shopping Center in Atwater. The 464,136-square-foot shopping center’s anchors include Super Target, Walmart, Marshalls and PETCO. Dollar Tree was represented by Rick Amerine of Commercial West Associates. Applegate’s owner, Regency Centers, was represented in-house byMichael Arfsten of Retail California.
ORLANDO, FLA. — Financial Compound has secured an $8.25 million refinance loan for a 150,000-square-foot, Food Lion-anchored shopping center in Orlando. The 3-year loan has no amortization schedule.