MILFORD, MASS. — First 178 Realty has purchased an 8,300-square-foot retail strip center in Milford for $820,000. Eric Brosler of MetroWest Commercial represented First 178 and Victor Galvani of Framingham, Mass.-based Parsons Commercial Group represented the seller. The multi-tenant retail property is located at 178 East Main Street in Milford.
EDINBURG — Marcus & Millichap Real Estate Investment Services has brokered the sale of University Corners, a 10,700-square-foot retail property located at 1708 West University Drive in Edinburg. Philip Levy of Marcus & Millichap’s Fort Worth office represented the buyer, a private investor, and the seller, a developer. The property is shadow-anchored by Walmart and is located across the street from University of Texas-Pan-American.
HOUSTON — Houston-based Jump Houston has leased 54,000-square-feet of space at the League America recreation complex. The facility is located at 10510 Westview Drive in Houston. Neil P. Martin of Finial Group represented League America and Marshall Clinkscales and Blake Gibson of Colliers International represented Jump Houston. League America is a recreation facility comprised of eight basketball and volleyball courts, baseball fields, weight rooms, dance rooms, sports shop and a restaurant.
HOUSTON — Jacksonville, Fla.-based Regency Centers has leased a combined 8,600 square feet of retail space to four new tenants in the Houston market. Zoes Kitchen has leased 3,018 square feet at Sterling Ridge Village Center, which bring the center to full occupancy. Zoes is slated to open in December. Woodland’s Eye Center has leased 2,019 square feet at Indian Springs Center, which brings the center to full occupancy. Woodland’s Eye Center is expected to open in October. Orange Leaf Frozen Yogurt has leased 1,875 square feet at Sweetwater Plaza, bringing the center to 96 percent occupancy. Orange Leaf is scheduled to open in October. Orange Lunch Box has leased 1,700 square feet at Woodway Collection, which is undergoing redevelopment. Orange Lunch Box is slated to open in December.
FRISCO — Centro Properties Group U.S. has opened Mojitos Restaurant and Willetts Sew and Vac Essential at The Market at Preston Ridge in Frisco. Mojitos has opened in 2,467 square feet, while Willetts Sew and Vac Essential leased 2,400 square feet. Centro Properties, which owns The Market at Preston Ridge, was represented in-house by Mike Watson.
BELLEVIEW & TEMPLE TERRACE, FLA. — Englewood Cliffs, N.J.-based Deerwood Real Estate Capital has closed on two retail loans in Florida. A 204,474-square-foot shopping center in Belleview received a 10-year, $9.5 million loan. In Temple Terrace a 109,004-square-foot retail property currently leased to KMart received a 7-year, $4.92 million loan. Russell Kimyagarov of Deerwood negotiated both loans.
SPRINGFIELD, GA. — Todd Crouse of NorthMarq Capital's Raleigh, N.C., office has secured $4.2 million in first-mortgage financing for the 46,845-square-foot Springfield Station Shopping Center, located at 1451 Highway 21 N. in Springfield. Financing was based on a 22-year term with a 22-year, fully-amoritizing loan and was arranged through Symetra Financial.
PHILADELPHIA — Marcus & Millichap Capital Corporation has arranged a $7.04 million in refinancing for a 24,500-square-foot shopping center in Philadelphia. James Conley of Marcus & Millichap’s Philadelphia office arranged the 10-year loan with an amortization schedule of 30 years at a 5.5 percent fixed rate.
LINCON, NEB. — Pace Financial Group has arranged $1.7 million in permanent financing for a CVS/pharmacy ground lease, located at 4800 O St. in Lincoln. The 25-year loan was funded through a life insurance company. Jamison Whiston of Pace's Lincoln office arranged the financing.
CROSSROADS — Stampede Equities has acquired a 14,710-square-foot retail strip center in Crossroads. Carter Kendall of Henry S. Miller Brokerage arranged the acquisition from previous owner Stillwater National Bank. The retail center is located along U.S. Highway 380 and is 90 percent occupied with tenants like Domino’s Pizza, Cornerstone Dental and January’s Salon.