HAILEAH, FLA. — Howard Taft and Charles Penan of Coconut Grove, Fla.-based Aztec Group has arranged $3 million in financing for a ground lease of a Walgreens located at 1155 W. 68th St. in Haileah. Symetra Life Insurance Co. provided the 20-year, self-amortizing loan.
NAPERVILLE, ILL. — A 50,000-square-foot Gordmans has opened at the 457,156-square-foot Westridge Court in Naperville. The retailer operates 72 stores in 16 Midwestern and surrounding states. Allan Murow of Omaha, Neb.-based Noddle Co. represented the tenant in the lease transaction.
PHILADELPHIA — Pennsylvania Real Estate Investment Trust (PREIT) has announced that JC Penney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21 will join The Cheesecake Factory to occupy 190,000 square feet of space formerly occupied by Strawbridge’s at Willow Grove Park in Philadelphia. The JC Penney will occupy 114,000 square feet on the first and second levels and is set to open in fall 2012; Nordstrom Rack will occupy 41,000 square feet on the third level and is expected to open in spring 2012; Bravo Cucina Italiana will occupy 7,500 square feet on the third floor and is slated for a fall 2011 opening; and the two-story Forever 21 will occupy 17,000 square feet at its new location. Willow Grove is comprised of 1.2 million square feet and its tenants include Bloomingdale’s, Coach, J. Crew, Jos. A. Bank and Sonoma.
DALLAS and PLANO — John T. Evans Co. has negotiated Coffee House Café’s purchase and Duke’s Original Roadhouse’s lease. Coffee House has purchased a 5,000-square-foot building at 6150 Frankford Rd. in Dallas. John T. Evans’ Mike Sandel and Paul Vernon negotiated the transaction. Duke’s has leased 6,400 square feet of space at 3314 N. Central Expressway in Plano. John T. Evans’ Vernon, Sandel and Taylor Roberts negotiated the transaction.
WORTHINGTON, OHIO — Worthington Square Venture has broken ground for the redevelopment of the 22-acre The Shops at Worthington Place, located at the intersection of High Street and Wilson Bridge Road in Worthington. The property will include a 168,000-square-foot shopping center, three outparcels and a separate 67,000-square-foot Kroger Fresh Fare. Completion is slated for the second quarter of 2012.
RICHMOND, IND. — Quantum Real Estate Advisors has arranged the $4.77 million sale of a 30,983-square-foot, single-tenant Best Buy located in Richmond Village Shopping Center in Richmond. Chad Firsel of Quantum represented the buyer and the seller in the transaction.
CHERRY HILL, N.J. — Max Span Real Estate & Auction Co. has sold a 54,000-square-foot retail center in Cherry Hill for $1.68 million at auction. The property is located at the Routes 70 and 154 intersection and includes a former Pathmark supermarket and has 1,109 feet of frontage, 290 parking spaces and six entrances.
LAS VEGAS – An auto dealership situated at 6770 Redwood Street in Las Vegas has been sold to B.G.D., LLC, for $18.5 million. The 86,270-square-foot dealership also contained a service and collision center. Grant Traub of Colliers International represented the seller, Thomas Saitta and Alice M. Saitta, who are trustees of the Saitta Family Trust.
GAYLORD, MICH. — The 189,000-square-foot Pine Ridge Square in Gaylord has been purchased by Birmingham, Mich.-based Robert B. Aikens & Associates. Major tenants include Big Lot's, Dunham's, Bath & Body Works, GNC, Maurice's, Hobby Lobby and Payless Shoe Source.
HUNTINGTON, N.Y. — Toronto-based RioCan Holdings has purchased a Class A, 116,221-square-foot shopping center for $40.2 million in Huntington on Long Island. The property is 100 percent occupied anchored by Stop & Shop and Best Buy. Kris Cooper, Margaret Caldwell, Dave Wojciechowski and Dan Zatloukal of Jones Lang LaSalle brokered the transaction.