PHILADELPHIA — Athleta, an apparel retailer catering to active women, has opened its first store in Philadelphia, located at 1722 Walnut St. Steven Gartner of Metro Commercial Real Estate represented Athleta in the 4,000-square-foot lease transaction. The landlord is Kaiserman Co. Inc.
Retail
RICHMOND, VA. — Calkain Cos. has brokered the $1.85 million sale of a 2,000-square-foot retail property, located in Richmond. The property is currently leased to KFC on a long-term basis. Rick Fernandez of Calkain Cos.' Reston, Va., office represented the undisclosed seller in the transaction. David Sobelman of Calkain's Tampa, Fla., office represented the buyer, a private investor, in a 1031 tax deffered exchange.
MARGATE, FLA. — SAVEOLOGY has signed an 85,000-square-foot lease to become an anchor tenant at the 182,000-square-foot SAVEOLOGY Plaza, located at 5235 Coconut Creek Pkwy. in Margate. Prior to the lease signing, the property was named Coco Center. Margate-based Coconut Creek Properties owns the center, which is currently 90 percent leased. No brokers were used in the lease transaction.
NEW YORK CITY — American Realty Capital New York Recovery REIT has closed on its $22.5 million acquisition of a fee-simple interest in a portfolio of 10 retail condominiums located at 122 Greenwich Ave. in Manhattan. The One Jackson Square portfolio consists of 8,392 square feet, including four rental units. Three of the four rental units are leased to two tenants — a Starbucks coffeehouse and a TD Bank branch.
AYER, MASS. — Verizon Communications has renewed its long-term lease for 17,430 square feet at 5 Sandy Pond Rd. in Ayer. Amy Perlman of CB Richard Ellis represented the tenant in the transaction. Richard McKinnon of the Quincy, Ill. office of Grossman Co. Inc. represented the landlord, 5 Sandy Pond Rd. Ayer LLC.
DALLAS — Rick's Cabaret International has signed an agreement to acquire a 54,000-square-foot retail property partially leased to Silvery City Cabaret, an adult nightclub located at 7501 N. Stemmons Freeway in Dallas, for $12 million. Rick's Cabaret is planning on rebranding the Silver City Cabaret and adding a Tootsie's style Knockers Sports Bar to the facility, which is only using 14,000 square feet currently.
SAN FRANCISCO — Cassidy Turley’s Net Leased Investment Services group has sold an eight-property portfolio in Northern California to a family estate. All eight properties, which total 82,200 square feet, are fully leased on a triple-net basis to Bank of America. The sales price was undisclosed. Three of the properties are located in San Francisco, while the remaining five reside in Berkeley, El Cerrito, Alameda, Milpitas and Roseville. Cassidy Turley’s Andy Bogardus, Doug Longyear and Chris Sheldon represented the seller, a San Francisco-based owner, in this transaction.
LOS ANGELES — Cushman & Wakefield has named Glenn R. Rudy as director of the firm’s Southwest Retail Capital Markets Group. Rudy will be based out of Downtown Los Angeles. He will be responsible for retail investment activities in the Greater Los Angeles area.
KANSAS CITY, KAN. — Logan's Roadhouse has broken ground on 1.4 acres of land at Plaza at the Speedway in Kansas City. The new restaurant will be located just west of Chick-fil-A and is scheduled to open in the summer of 2012. David Block and Becky Goodman of Block & Co. Inc.'s Kansas City office, along with Christian Ablah of Classic Real Estate, represented the seller, Plaza Speedway. Jeff Berg of Lane 4 Group represented the buyer, Speedway LR.
POWHATAN, VA. — Wal-Mart has purchased 53.35 acres of land, located along Anderson Highway in Powhatan, for $3.3 million to build a new store. Lee Warfield, III, of Cushman & Wakefield/Thalhimer's Richmond, Va., office represented the buyer in the transaction. Clarence Hubbard of Powhatan-based Realco Properties represented the sellers, E.M. Ciejek and Outerbanks, LP.