SRS Arranges $4M Sale of Retail Property in North Little Rock, Arkansas

NORTH LITTLE ROCK, ARK. — SRS Real Estate Partners National Net Lease Group has arranged the $4 million sale of an 8,000-square-foot retail property in North Little Rock. The property is fully leased to Vitamin Shoppe and Mattress Firm on their respective corporate-guaranteed triple-net leases. The property is situated at 4300 McCain Blvd., seven miles north of downtown Little Rock. The asset is an outparcel to a Lowe’s Home Improvement-anchored shopping center. Brian Wolfman of SRS …

Michigan Governor Reopens Auto Dealerships, Retail Businesses by Appointment

MICHIGAN — Michigan Gov. Gretchen Whitmer has signed a statewide executive order to reopen retail businesses and auto dealerships by appointment starting Tuesday, May 26. The order also authorizes nonessential medical, dental and veterinary procedures starting Friday, May 29. Michigan residents are now able to gather in small groups of 10 people or less, as long as they practice social distancing. Businesses that open must provide COVID-19 training to

Barber Murphy Brokers Sale of 14,900 SF Office, Retail Building Near St. Louis

BELLEVILLE, ILL. — Barber Murphy has brokered the sale of a 14,900-square-foot office and retail building in Belleville, about 17 miles southeast of St. Louis. The sales price was undisclosed. Okaw Valley Council Boy Scouts of America sold the property, which is located at 335 W. Main St. Jarvis Cos. Inc. was the buyer. Barber Murphy represented both parties in the

Marcus & Millichap Arranges $1.4M Sale of Retail Property in Evergreen Park, Illinois

EVERGREEN PARK, ILL. — Marcus & Millichap has arranged the $1.4 million sale of Evergreen Park Towne Center in Evergreen Park, about 15 miles south of Chicago. The 7,785-square-foot retail property is located at 8730 S. Kedzie Ave. Tenants include Boost Mobile and Edible Arrangements along with a cigar shop, restaurant and nail salon. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the building on behalf of the seller, a private investor. A local buyer completing a …

Ackerman, MDH Partners to Develop $85M Mixed-Use Expansion at Lee + White Project in Atlanta

ATLANTA — A partnership of local developer Ackerman & Co. and MDH Partners will soon begin construction of an $85 million multifamily, office and retail expansion to the Lee + White retail property in Atlanta’s West End neighborhood. The partnership acquired the 11-building, 433,204-square-foot property from Stream Realty Partners in September 2019 and began redeveloping the former industrial property as a mixed-use dining and beverage destination. Atlanta-based Smith Dalia …

Schuckman Realty Arranges Sale of 14,000 SF Retail Building in Rockville Centre, New York

ROCKVILLE CENTRE, N.Y. — Schuckman Realty Inc. has arranged the $2.3 million sale of a 14,000-square-foot retail building in Rockville Centre, a city on Long Island. Located at 120 North Village Ave., the single-tenant property was constructed in 1957 and was leased to Chase Bank at the time of sale. Kenneth Schuckman and Edward Gottlieb of Schuckman Realty represented the buyer, ABEN Village LLC, in the transaction. Michael Ventre and Robert Reinhardt of Windsor Commercial Real Estate …

Macy’s Forecasts $1.1B Operating Income Loss in First Quarter

NEW YORK CITY — Macy’s Inc. (NYSE: M) has forecasted an approximately $1.1 billion loss in operating income in the first quarter, which ended in early May, a result of both temporary and permanent store closings as well as significantly decreased patronage amid the COVID-19 outbreak, the company said on Thursday. As of this week, the company has reopened approximately 190 of its Macy’s and Bloomingdale’s shops and plans to reopen 80 more for the Memorial Day holiday weekend. At the …

Eldorado Resorts Reopens Three Casinos in Mississippi Today at Limited Capacity

GREENVILLE, LULA AND VICKSBURG, MISS. — Eldorado Resorts Inc. has reopened Tropicana Greenville, Isle of Capri Lula and Lady Luck Vicksburg in Mississippi. Eldorado will limit the number of guests to no more than 50 percent of the property’s maximum occupancy, in accordance with Mississippi Gaming Commission regulations. The Reno, Nev.-based company temporarily closed the three casinos March 16 in accordance with the Commission’s orders to close casinos due to the COVID-19 outbreak. The …

JLL Negotiates Sale of 19,950 SF Rayford Village Retail Center in Metro Houston

SPRING, TEXAS — JLL has negotiated the sale of Rayford Village, a 19,950-square-foot retail center located in the northern Houston suburb of Spring. The two-building property houses tenants such as Cole Veterinary Services, SK Salon, Goodwill and Papa John's. Ryan West, John Indelli and Katherine Miller of JLL represented the seller, BNS Rayford Partners LP, in the transaction. Michael Johnson, Stuart Helper and Trey Pizzitola of JLL arranged acquisition financing through First Community …

Hanley Investment Group Brokers $4M Sale of Two-Tenant Retail Asset in Ontario, California

ONTARIO, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of a two-tenant retail pad building located at 961 N. Milliken Ave. in Ontario, approximately 35 miles east of downtown Los Angeles. The price was $4 million. Built in 2002, the building features 6,300 square feet of retail space. Assure Dental occupies 3,500 square feet of the property, while Verizon Wireless occupies the remaining 2,800 square feet. Sam’s Club at The Marketplace at Ontario Center …

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