PEARLAND — Holliday Fenoglio Fowler (HFF) has arranged a $3.7 million refinancing for Cullen Crossing, a 34,730-square-foot retail center at 8321 Broadway St. in Pearland, a suburb of Houston. Cullen Crossing is 94 percent leased to tenants Hallmark, Comcast Cable, Wingstop and Subway, and it features two pad sites occupied by Wells Fargo and McDonald's. HFF's Travis Anderson arranged the 10-year, fixed-rate loan with American United Life Insurance Co. on behalf of Cencor Realty Services.
ROWLAND HEIGHTS, CALIF. – Johnson Capital has arranged an $11-million loan for the 225,808-square-foot Mandarin Plaza retail center in Rowland Heights. Located at 18900 – 18932 E. Gale Ave., Mandarin Plaza was built in 1984 and renovated in 2010. It is fully leased. Tenants include 99-Ranch Market, a 135-room Best Western Hotel, and more than 20 additional shops and restaurants. The debt was provided by John Hancock Life Insurance Company. Financing was arranged by Greg Richardson, managing director, and Scott Watson, vice president of Johnson Capital’s Irvine, Calif., office.
BALTIMORE CITY, MD. — NAI KLNB Retail Investment Sales has arranged the $4.55 million sale of a 32,000-square-foot, eight-building retail portfolio, located at 2213-2241 Monument St. in Baltimore City. The property is fully leased. Gil Neuman of NAI KLNB's Ellicott City, Md., office represented Miller Real Estate Co., the seller, in the transaction and Jim Caronna of NAI KLNB's Towson, Md., office represented Washington, D.C.-based Spectrum Properties, the buyer.
VERNON HILL AND ORLAND PARK, ILL. — Crystal Lake, Ill.-based Gallant Building Solutions has recently completed two renovations for hhgregg stores in Vernon Hills and Orland Park. Both locations totaled more than 70,000 square feet of retail space. Renovations included the demolition of existing interior finishes, remodel of existing restrooms, new store front entrances and sidewalks. Interior finishes included lighting, flooring, drywall, painting, electrical and HVAC systems.
NEW YORK CITY — Massey Knakal has brokered the $7.1 million purchase of three retail units at 64-68 W. 125th St. in New York City's Harlem neighborhood. The units are single story and comprise approximately 7,659 square feet. Massey Knakal's Jeffrey Shalom and Lev Kimyagarov handled the transaction.
ATLANTA — CB Richard Ellis has brokered the $81.65 million sale of the 531,287-square-foot Edgewood Retail District, located at the intersection of Moreland Avenue and Caroline Street in Atlanta, to North American Development Group. A separately-owned Target, Lowes Home Improvement, Kroger, Best Buy, Bed Bath & Beyond and Ross Dress for Less anchor the center, which is 99 percent leased. Casey Rosen of CBRE's Miami office and Chris Decoufle of the Atlanta office represented the seller, Greensboro, N.C.-based Bell Partners.
ALEXANDRIA, VA. — H&R Retail has arranged the sale of the 145,273-square-foot Alexandria Commons, located at 3117 Duke St. in Alexandria, from a local investor to American Realty Advisors. Giant and Staples anchor the center. The price was undisclosed. Michael Gorsage of H&R Retail's Washington, D.C., office represented both parties in the transaction.
ST. LOUIS, MO. — NorthMarq Capital has secured $2 million in permanent loan financing for an 18,950-square-foot retail building currently leased to Jo-Ann Fabrics, located at 6910 S. Lindbergh Blvd. in St. Louis. Jeff Chaney of NorthMarq's St. Louis office arranged the fully amortizing loan through Protective Life.
KINGSTON, N.Y. — The Hampshire Companies of Morristown, N.J., has acquired Hudson Valley Plaza, a 673,379-square-foot, two-tiered retail property at 401 Frank Sottile Blvd. in Kingston. The property sits on 43 acres and houses tenants such as Walmart, Lowe's Home Improvement Warehouse, Sam's Club, Michael's Arts and Crafts, Petsmart, Gander Mountain and Toys 'R Us. Chris Phaneuf of Eastdil Secured represented the seller, Pyramid Property Group, and The Hampshire Companies in the transaction.
DALLAS — An 8,338-square-foot retail center anchored by My Fit Foods has been purchased. The property sits at 4015 Lemmon Ave. in Dallas. Brad Cruickshank of The Woodmont Company represented the seller, LNR Partners, in the transaction. The buyer is a Dallas-based private investment firm and was self-represented.
