DORAVILLE, GA. — Burlington Coat Factory has opened a 70,000-square-foot store at Doraville Plaza, located at 5766 Buford Hwy. in Doraville. This is Burlington's 14th location for the state of Georgia.
BRONX, N.Y. — Houlihan-Parnes Realtors LLC, a real estate investment company, has closed a $5 million loan on a 12,250-square-foot retail property, located at 4174 White Plains Rd. in Bronx, N.Y. Tenants include T-Mobile, McDonald's and H&R Block. Jim Coleman and Jerry Houlihan represented Houlihan-Parnes in the transaction. The loan term is 10 years.
ROYAL PALM BEACH, FLA. — Continental Realty Corp. has purchased a 30,500-square-foot retail property, located at 101 S. State Rd. 7 in Royal Palm Beach. The property is fully leased to Office Depot and Mattress Giant. Clinton Texter of Marcus & Millichap's San Francisco office represented the buyer in the transaction.
MADISON AND FERRUM, VA. — Two Virginia Dollar General Stores, located in Madison and Ferrum, have been sold for $2.54 million. Andrew Fallon of Calkain Cos.' Bethesda, Md., office represented the seller, the developer of the assets, in the transaction. Arthur Judelsohn of Pyramid Brokerage Co.'s Buffalo, N.Y., office represented the buyer, a Northeast real estate development company.
PRAIRIE VILLAGE, KAN. — Jos. A. Bank, a national clothing line, opened a new location at The Village in Prairie Village, Kan. Justin Kaufmann of LANE4 Property Group, Inc. the leasing and management company for the shopping center, negotiated the lease for the 3,667 square foot space, located at 3925 W. 69th Terrace.
NEW YORK — SL Green Realty Corp. and its joint venture partner Jeff Sutton have sold two retail condominium units at 141 Fifth Ave. in New York for $46 million. The condominiums encompass about 9,860 square feet, and are situated two blocks south of Madison Square Park. Eastdil Secured represented the seller and Eastern Consolidated represented the buyer in the transaction.
YONKERS, N.Y. — Westchester's Ridge Hill, a $685 million mixed-use shopping center in Yonkers N.Y., recently opened new stores and restaurants. The new shops include The Cheesecake Factory, Yard House, L.L. Bean, H&M, Sephora, Orvis, Gap, Desigual and Old Navy. Additional store openings will follow in November and December. Westchester Ridge Hill spans about 81.4 acres and includes more than one million square feet of retail and entertainment space.
LEWISVILLE — Cinetopia has signed a letter of intent with Bright Realty to open a 70,000-80,000-square-foot theater at The Bridges at Castle Hills, a master-planned community being developed in Lewisville by Bright Realty. The Castle Hills Cinetopia will be the first Cinetopia location in Texas and will offer 16-18 screens. The theater will include a restaurant, a wine bar with indoor and outdoor seating and conference rooms for business meetings.
OKLAHOMA CITY — Marcus & Millichap has provided financing for a Burger King restaurant in Oklahoma. Christopher Marks of Marcus & Millichap's Manhattan office arranged the $500,000 loan based on a 5-year term with a 20-year amortization schedule through a national bank.
ST. PETERSBURG, FLA. — CBRE has arranged the $2.9 million sale of the 67,050-square-foot Town Plaza, a shopping center located at 1846 62nd Ave. N. in St. Petersburg. Mark Shellabarger of CBRE's Tampa, Fla., office represented the undisclosed seller in the transaction. The buyer, a locally-based private investor, plans to renovate the center.