ROCKVILLE, MD. — Ellwood Thompson's has leased 15,000 square feet with Federal Realty Invesment Trust to open Dawson's Market at the 180,000-square-foot Rockviile Town Square, located at 200 E. Middle Ln. in Rockville. The store is slated to open in spring 2012.
CHICAGO — Meridian Capital Group has secured a $66 million senior mortgage on behalf of Baker Development Corp. to refinance its 178,700-square-foot shopping center, located at 2100-2196 N. Elston Ave. in Chicago. Jacob Schmuckler and Ronnie Levine of Meridian's New York City office arranged the 5-year financing, which was provided by a balance sheet lender.
MARS, PA. — The Shoppes at Adams Ridge, a 49,060-square-foot, grocery-anchored shopping center at 300-920 Adams Ridge Rd. in Mars, has been sold for $10 million. McGinnis Sisters, a specialty grocery store, anchors the center. Steven Siegel of Marcus & Millichap's Manhattan office represented the undisclosed seller, while Erin Patton, Scott Wiles and Craig Fuller represented the undisclosed buyer. Tenants in the shopping center include Dairy Queen, Citizens Bank, McGinnis, Great Clips, Pizza Hut, Stonepepper's Grill and Verizon Wireless.
FAIRVIEW — The Village at Fairview is adding 50,000 square feet of merchants and restaurants to its tenant roster, including: Old Navy (17,000 square feet) Nasr Bros. Jewelers (1,600 square feet) Versona Accessories (7,819 square feet) Zoe's Kitchen (3,400 square feet) La Duni Latin Kitchen (6,965 square feet) Sushi Awaji (6,000 square feet) Down Under (7,433 square feet) The MGHerring Group represented the Village at Fairview in all the above transactions. Not every tenant had representation, but The Retail Connection represented Zoe's Kitchen, Dunhill Partners represented La Duni Latin Kitchen, Grubb & Ellis represented Down Under and Beam Real Estate represented Sushi Awaji.
HENDERSON, NEV. — Mammoth Henderson Center, a 91,636-square-foot office and retail center in Henderson, has sold to Henderson I LLC for $9.5 million. The property was built in 2009, and is currently 40 percent occupied. This was an REO sale. Tom Naseef of Distinct Real Estate Advisors represented both the buyer and the seller, SA California Group, in this transaction.
WEST SAN JOSE, CALIF. — Sunflower Farmers Market has signed a long-term lease for 32,952 square feet inside the West Valley Shopping Center in West San Jose. The store is scheduled to open in fall 2012. Sunflower opened its first California-based store in Roseville earlier this year. It is set to open another outpost in Modesto, and three more stores in Silicon Valley in 2012. Sunflower was represented by James Chung and Patrick McGaughey of Terranomics Retail Services.
DECATUR, GA. — The 10,125-square-foot CVS/pharmacy, located at 4037 Glenwood Rd. in Decatur, has sold for $2.57 million. CVS/pharmacy has a 20-year lease on the property with approximately 8.5 years of the original term remaining. Dan Cooper of Cleveland-based The Cooper Commercial Investment Group represented the seller, a private East coast company, and procured the buyer, a Texas-based private group.
RALEIGH, N.C. — Frank Relihan of NorthMarq Capital's Washington, D.C., office has arranged $14 million in acquisition financing for the 518-bed University Suites, an off-campus student housing property located at 2190 Ocean Reef Pl. in Raleigh. The property is near North Carolina State University. The 10-year loan has a 30-year amortization schedule and was provided by AmeriSphere Multifamily Finance.
NILES, ILL. — The Missner Group has completed a 40,000-square-foot build-out for the new franchise location of Sky High Sports, located at 6424 Howard St. in Niles. The company built out the existing space to meet the requirements of Sky High Sports' trampoline and entertainment activities. The facility features two trampoline courts, a dodge ball court, a kids' court and two foam pits.
NEW YORK CITY — General Growth Properties Inc. has refinanced its Staten Island Mall for $273 million. The loan is a 12-year fixed rate mortgage, which replaces a $273 million loan that was scheduled to mature in October 2015. The new financing removes $125 million of corporate recourse associated with the first loan.