NATICK, MASS. — Boston-based EagleBridge Capital has arranged long-term, fixed-rate mortgage financing totaling $10 million for the 85,060-square-foot 9/27 Shopping Center in Natick. The center is anchored by a Super Stop & Shop supermarket and tenants includes Five Guys Burgers and Fries, UPS, Aspen Dental and Panera Bread. The center is 100 percent leased. Ted M. Sidel and Brian D. Sheehan of EagleBridge helped arrange the loan.
TEXAS — RWJP Star Enterprises will expand its Carl’s Jr. franchise to four new locations in Garland, Balch Springs, Lufkin and Beaumont by the end of the year, bringing the total number of Carl’s Jr. restaurants in Texas to 48. RWJP has: Leased a 2,911-square-foot building in Garland, which is expected to open in September. Purchased a 31,504-square-foot parcel of land near Interstate 635 and Lake June Road in Balch Springs. The restaurant is expected to open at the end of August. Bruce Harbour of Harbour Realty represented the seller in the transaction. Purchased a 0.666-acre tract of land at 1301 South First Street in Lufkin. The restaurant is scheduled open in mid-August. Purchased a 0.813-acre tract of land near Highway 69 and Lucas Drive. The restaurant is slated to open in mid-September. Andy Burns of Burns Properties, Inc. represented the seller.
TAMPA, FLA. — Plaza Advisors has arranged the $18.9 million sale of the 215,713-square-foot Horizon Park Shopping Center, located on Hillsborough Avenue in Tampa. Babies “R” Us, Northern Tool and Equipment, Office Depot, Save-A-Lot and Guitar Center anchor the center, which was 91 percent leased at closing. Anthony Blanco with Plaza Advisors' Miami office and Jim Michalak and Lenard Williams with the firm's Tampa office represented the seller, an entity affiliated with Phillips Edison. The buyer was an entity of Forge Capital Partners.
LIGHTHOUSE POINT, FLA. — Steve Wood of Thomas D. Wood & Co.'s Coral Gables, Fla., office has arranged $8.1 million in financing for the 98,048-square-foot Shoppes at Beacon Light, located at 2450 N. Federal Hwy. in Lighthouse Point. The 10-year loan has a 25-year amortization schedule and was secured through Advantus Capital Management.
FREMONT, OHIO — Toledo, Ohio-based Tolson Investments has broken ground for the 21,000-square-foot Liberty Square II in Fremont. 75 percent of the space is pre-leased to national tenants and Wal-Mart will shadow anchor the center. Completion is slated for fall 2011. Pre-leasing has also begun for an expansion of the center, which will occur in 2012.
NAPERVILLE, ILL. — Marcus & Millichap has negotiated the $1.55 million sale of a 7,200-square-foot property net-leased to Davis Automotive that is located in Naperville. Michael Marks and Evan Halkias of the firm's Chicago office represented the seller and the buyer in the transaction.
HUNTINGTON, N.Y. — Toronto-based RioCan Holdings has purchased Huntington Square Plaza, a grocery-anchored shopping center in Huntington on Long Island, for $40.2 million. Stop & Shop anchors the 116,221-square-foot center, which is 100 percent leased by tenants including Best Buy. Oak Brook, Ill.-based Inland Private Capital Corp. and Jones Lang LaSalle’s Capital Markets facilitated the sale of the center.
AUSTIN — Regency Centers has leased a combined 15,000 square feet of retail space in Austin to six new tenants: Pure Barre has opened 1,750 square feet of retail space at North Hills Town Center, which brings the center to 100 percent occupancy. CommUnity Care has leased 4,000 square feet of office space in the Hancock Center and is scheduled for a November opening. Mr. Gatti’s Pizza has leased 2,373 square feet of space in the Hancock Center and is scheduled to open in October. T-Mobile has leased 2,060 square feet of retail space in the Hancock Center and is slated to open this month. Gamerz has leased 2,177 square feet of retail space in the Hancock Center and is scheduled to open this month. Hancock Center is now at 97 percent occupancy. Brush 32 Dental Wellness Center has leased 2,784 square feet of retail space at Market at Round Rock shopping center and is slated for a September opening.
MORRISVILLE, N.C. — Westwood Financial Corp. has purchased the 86,267-square-foot McCrimmon Corners, located at 4093 Davis Dr. in Morrisville, from Crosland for an undisclosed amount. The center is 99 percent leased to Harris Teeter, Tossed Salads, Taekwondo Academy, Nikos Taverna, Saffron Indian Food Restaurant, Two Guys Grille, Subway, AT&T, Great Clips, State Farm and Red Dragon. Rob Carter of Charlotte, N.C.-based Berkeley Capital Advisors represented the seller.
JACKSONVILLE, FLA. — Alison WIlliams of NorthMarq Capital's Tampa, Fla., office and Joel Coykendall of the firm's Jacksonville office have arranged $2.7 million in first mortgage financing for an 18,920-square-foot freestanding retail property located at 10207 Buckhead Branch Dr. in Jacksonville, which is entirely leased by CompUSA. Financing was based on a 10-year term with a 25-year amortization schedule and was arranged for the borrower, The Gate Group, through Protective LIfe Insurance Co.