ROCK HILL, S.C. — Carter has negotiated the sale of a 132,929-square-foot shopping center, located on Dave Lyle Boulevard in Rock Hill. The property contains Kohl's and Hobby Lobby. Terms of the sale were undisclosed, but the asking price was $12.5 million. Drew Fleming and Mark Joines of the firm's Atlanta office represented the undisclosed seller in the transaction. Los Angeles-based The Royston Group represented the undisclosed buyer.
DETROIT — Whole Foods has signed a 20,000-square-foot lease to build a new store at the intersection of Mack Avenue and John R Street in Detroit. Completion is slated for late 2012 or early 2013. The landlord is Palm Beach Gardens, Fla.-based Ram Real Estate.
MIDDLETOWN and UPPER SADDLE RIVER, N.J. — The Goldstein Group has brokered the sale of two retail properties in New Jersey: Shiki Realty Co., Inc. has sold a former Shiki Restaurant to D&D Management for $2.3 million. The 6,800-square-foot retail building is located at 1735 Route 35 in Middletown. Mark Handwerker and Chuck Lanyard of The Goldstein Group represented both buyer and seller in the transaction. D&D plans to convert the space into a funeral home. Markland 145 has purchased the former Ramsey Chevrolet dealership from Zorm 2009 for $2.65 million. The 17,000-square-foot free-standing building is located at 145 Route 17 in Upper Saddle River. Lew Finkelstein of The Goldstein Group represented Zorm 2009 in the transaction.
RICHMOND, KY. — Developers Diversified Realty Group has sold the 134,701-square-foot Carriage Gate Shopping Center, located at 833-847 Eastern Bypass in Richmond, to The Rouse Cos. for an undisclosed amount. Hobby Lobby, Dunham's Sports, The Office Depot, Dollar Tree and Cato anchor the recently renovated center, which it currently 92.5 percent leased. Rebecca Wells of Cassidy Turley's Indianapolis office and Robert Taylor, Jr., of the firm's Cincinnati office represented the seller and Steve Pewitt of Commercial Real Estate Advisors represented the buyer.
ROSWELL, GA. — The Shopping Center Group has arranged the $5.3 million sale of the 15,126-square-foot Mabry Village, located at the intersection of State Route 92 and Mabry Road in Roswell. The center is 100 percent leased to Starbucks Coffee, FedEx Office, Five Guys Burgers and Fries, Wireless Zone and Prudential Georgia Realty. Daniel Earles of The Shopping Center Group's Tampa, Fla., office represented the seller, an Atlanta-based development company, and Greg Craft of Atlanta-based The Trilogy Group represented the buyer, a Colorado-based private investor.
ORLANDO, FLA. — Orlando-based Smith Equities Real Estate Investment Advisors has negotiated the all-cash acquisition of the approximately 100,000-square-foot University Shoppes, located at University Boulevard and Alafaya Trail in Orlando, adjacent to the University of Central Florida. Craig Bayhi of CMB Realty represented the seller, M&H University Shoppes, and Paul Guyet of Smith Equities represented the undisclosed buyer.
ATLANTA — RHP Partners, a joint venture between Frank Buonanotte and Jeff Stein, has acquired 7,600 square feet of the 9,000-square-foot retail property located at the intersection of Roswell, Piedmont and Habersham roads in Atlanta from Eli Property. The center will undergo renovations, after which it will be rebranded Buckhead Pointe. Construction is slated to begin September 1 with completion slated for November. The Shopping Center Group has been secured as the leasing agent.
PENNSYLVANIA — Sunoco, Inc., a transportation fuel provider, has acquired leasehold interests in 14 retail locations in central Pennsylvania from Shipley Stores. Each location will be operated by Sunoco and include an APlus convenience store. The conversion of these 14 properties is expected to be completed by the end of the year. Shipley Stores will refocus its operations to Tom’s travel centers and Arby’s restaurants in Pennsylvania.
SYRACUSE, N.Y. — The Kempner Corporation of White Plains, N.Y., has purchased Western Lights Shopping Center, a 243,000-square-foot grocery-anchored shopping center in Syracuse, for $22 million. The center sits on 26 acres on Onondaga Boulevard and is 97 percent occupied by tenants like Price Chopper Supermarket, Fashion Bug and Aspen Dental. First mortgage financing was provided by New York City-based Ladder Capital Finance. Franklin Cohen of Donald Zucker Co. acted as the mortgage broker in the transaction.
HIGHLAND VILLAGE — Soma Intimates and Megan’s Lifestyle Boutique have leased space in Regency Centers’ The Shops at Highland Village in Highland Village. Soma, an intimate apparel store, has leased 2,793 square feet and is set for an August opening. Megan’s has leased 2,000 square feet and is slated for an October opening. The Shops, located at the intersection of FM 2499 & FM 407, is a 352,000-square-foot mixed-use center anchored by AMC 12 Theatres and Barnes & Noble Booksellers. Other tenants include Ann Taylor, Bath & Body Works and Banana Republic. Soma went forward without brokerage representation, and Jim Hanking of Legend Realty Services represented Megan’s in the transaction.