BROOKFIELD, WIS. — Cincinnati-based Phillips Edison Strategic Investment Fund II has closed on the purchase of Brookfield Town Centre in Brookfield, Wis. for $15.4 million. The 188,000-square-foot retail center is located on the southwest corner of West Capitol Drive and Brookfield Road. The center is anchored by Sendik's Fine Foods and includes more than two dozen shops and restaurants. The property was purchased from Harris Bank, which foreclosed on the property in 2010.
MANHATTAN — Construction is complete on the new 2,500-square-foot Swatch flagship store, located at 666 5th Ave. in Manhattan. The Swiss watch chain is situated between Hollister and Uniqlo on the ground floor of the 41-story office tower. The store, which is now open, includes chandelier lighting and custom fabric wall applications. New York-based IBEX Construction provided general contracting service for the store, which was designed by Norman DiChiara Architects P.C.
ROCKWALL — Stan Johnson Co. has arranged the sale of a 5,005-square-foot retail building fully leased to Starbucks and Genghis Grill, located at 1699 Laguna Dr. in Rockwall. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, RM Crowe. Richard Fausset of Fausset Neely represented the buyer, a private investor, in the transaction.
DADELAND, CUTLER BAY, FORT LAUDERDALE AND WEST PALM BEACH, FLA. — City Furniture has started the $17.5 million renovation and development of four stores in Florida. In Cutler Bay, a $7 million, 56,000-square-foot store will be constructed by Stiles Construction. A $3.5 million renovation and expansion is also being completed by Stiles Construction for the store in Dadeland. In Fort Lauderdale, Miller Construction Co. is building a $3 million, 25,000-square-foot Ashley Furniture HomeStore. Miller is also constructing a $4 million Ashley Furniture HomeStore in West Palm Beach. The Cutler Bay, Dadeland and Fort Lauderdale stores are slated for completion in 2012 and the West Palm Beach store will be completed in early 2013.
TERRE HAUTE, IND. — Marcus & Millichap has brokered the sale of a 2,364-square-foot Taco Bell in Terre Haute, Ind. for approximately $2 million. Nathan Whalen with the Indianapolis office of Marcus & Millichap represented the buyer, Taco Properties Inc. The buyer, Amelia Chan Yee, an individual trust, was represented by Adam Levin of Marcus & Millichap's Palo Alto, Calif. office.
BEAUMONT — NorthMarq Capital has arranged $1.02 million in first mortgage financing for the 89,000-square-foot San Jacinto Building, located in Beaumont. William Luedemann of NorthMarq's Houston office arranged the financing with a 10-year term and 10-year amortization schedule through StanCorp Mortgage Investors.
FORT WORTH — Bar Louie is opening a 6,503-square-foot store at West 7th, located on 7th Street and University Drive in Fort Worth. The new store is slated for a winter 2011 opening. Bar Louie is owned and operated by Addison-based BL Restaurant Operations. Myles Kelley of Fort Worth-based Realty Ventures and Greg Bracchi of Edge Realty Partners' Dallas office represented the tenant, and David Thomas of The Retail Connection's Dallas office and Rodger Chieffalo of Fort Worth-based Chieffalo Realty represented the landlord, Cypress Equities.
WINCHESTER, VA. — Cole Real Estate Investments has purchased the 167,000-square-foot Winchester Station, located at 2540 S. Pleasant Valley Rd. in Winchester, for $26.8 million. The shopping center is currently 97.5 percent leased to tenants including hhgregg, Ross Dress for Less, Bed Bath & Beyond, Michaels, Old Navy, Olive Garden and Red Lobster. William Kent and Gary Lawrence of CBRE's Washington, D.C., office represented Trout, Segall & Doyle Winchester Properties, the seller, in the transaction. The buyer was self-represented by Thomas Faltatko.
LUBBOCK — Holliday Fenoglio Fowler has secured acquisition financing for a 71,238-square-foot Market Street supermarket, located at 19th Street and Quaker Avenue in Lubbock. Mark West, Coler Yoakam and Brandon Chavoya of HFF's Dallas office arranged the financing through Wells Fargo Bank on behalf of the borrower, United Supermarkets.
TULSA, OKLA. — Woods Cross, Utah-based Go Natural CNG is opening a 7,000-square-foot sales and installation facility, located at 4116 S. 88th E. Ave. in Tulsa. The firm's partner, AutoSource Motors, will also be sharing the new facility.