TEMECULA, ROSEVILLE, RANCHO CUCAMONGA, CALIF. –Hobby Lobby has agreed to occupy three former Meryvn’s locations throughout California. The retailer has signed leases for a 76,211-square-foot facility in Temecula; a 76,248-square-foot space in Roseville; and a 74,991-square-foot location in Rancho Cucamonga. All three stores are anticipated to open in fall 2011. The space was leased through Inland Western MDS Portfolio LLC, a wholly owned subsidiary of Inland Western Retail Real Estate Trust.
FAYETTEVILLE, N.C. — Crayton Commercial has commenced construction for the 54,000-square-foot River Landing Shopping Center, to be located at 3650 Ramsey St. in Fayetteville. The redevelopment will include the conversion of the former 43,780-square-foot Kroger into four new tenant spaces. Three of the spaces have already been leased to Dollar Tree, It’s Fashion Metro and Shoe Show. Other construction will include redevelopment of the building façade to incorporate new storefronts, glass, doors, split-faced block, stucco and paint. Crayton Commercial will also install new rear-loading pads and ramps, HVAC units, lighting, plumbing and electrical systems. Completion is scheduled for early 2012.
NAPLES, FLA. — Stan Johnson Co. has negotiated the $5.35 million sale of a 13,824-square-foot retail property fully leased to CVS/pharmacy, located at 6800 Collier Blvd. in Naples. Mike Parker and Jim Gibson of Stan Johnson Co.'s Houston office represented the seller, Phoenix-based S3G Holdiings, and Lincoln, Neb.-based RTG, the buyer, was self-represented.
DORAVILLE, GA. — Burlington Coat Factory has signed a lease with Halpern Enterprises to occupy 85,000 square feet at the 200,000-square-foot Doraville Plaza Shopping Center, located at 5766 Buford Hwy. in Doraville. Gail Faragason of The Shopping Center Group's Atlanta office represented the tenant in the transaction and the landlord was self-represented by John Brozovic of Halpern Enterprises.
KENOSHA, WIS. — Faris Lee Investments has negotiated the $6.6 million sale of a 30,000-square-foot, single-tenant retail property, located at 7021 120th Ave. in Kenosha, which is currently leased to Best Buy. Jeff Conover of Faris Lee represented the seller, Del Mar, Calif.-based GM Investors, and the buyer, Phoenix-based Cole Capital.
AUSTIN and ROUND ROCK — Retail Solutions, the brokerage division of Reliance Retail, has facilitated the following transactions: World Class Capital Group has purchased the former Katz’s Deli building at 618 W. 6th St. in Austin. Matt Delahoussaye of Retail Solutions represented the seller. Tan It All has signed a lease renewal for 2,288 square feet at Hester’s Crossing at 2400 S. 135 in Round Rock. Cole Brodhead of Retail Solutions represented the landlord. City Blends has also signed a lease renewal at Hester’s Crossing for 1,799 square feet. Brodhead represented the landlord. Allstate Insurance has leased 927 square feet of office space in Cannon West at 6800 Westgate Blvd. in Austin. T.J. Powell of Retail Solutions represented the landlord and Adam Fike of Southwest Strategies Group represented the tenant.
SUFFOLK, VA. — Best Brakes has leased 42,500 square feet of distribution space at 5401 Virginia Regional Dr. in Suffolk. Stephanie Sanker and Bill Overman of Norfolk, Va.-based S. L. Nusbaum Realty Co. represented the tenant in the transaction. The landlord, Virginia Regional I, was represented by Worth Remick of CB Richard Ellis' Norfolk office.
ORLAND PARK, ILL. — Chicago-based Essex Realty Group has brokered the $1.05 million sale of Main Street Village Shopping Center, located at 16065-93 S. LaGrange Rd. in Orland Park. The property consists of a single building with six retail spaces. David Schwartz, Jason Fishleder, Doug Imber and Matt Welke of Essex represented both the buyer and the seller in the transaction.
NORTHBROOK, ILL. — Summit Design + Build has been chosen to gut and renovate a former auto repair shop into the 12,000-square-foot Park Place, a retail center located at 1347 Shermer Rd. in Northbrook. The Equitable Group is the owner and developer for the project and SAS Architects and Planners is providing architectural services. Construction will include all new site utilities, MEP's, roofing, glazing and a complete rehab of the exterior masonry and landscaping, and is slated for completion in the fall of 2011. Caribou Coffee and Sherwin Williams have already signed leases to join the center.
BALTIMORE — Big Lots has signed a lease with Inland Western Retail Real Estate Trust to occupy 35,000 square feet of space at the 796,733-square-foot Reisterstown Road Plaza in Baltimore. The Home Depot, Marshalls, Burlington Coat Factory, Shopper's World and Giant Foods anchor the center.