ANDERSON, S.C. — Greenville, S.C.-based RealtyLink has completed a new 10,000-square-foot Ulta beauty store, located in Anderson. The store is situated on Clemson Boulevard at the entrance to Midtowne Park, a 173,630-square-foot, Kohl’s-anchored shopping center that the company also developed. Ulta currently has approximately 320 stores in 36 states.
EAST DUNDEE, ILL. — Developer Dmyterko & Wright Partners has selected Knightsbridge Design + Build as the general contractor for its new Dundee Gateway project, located in East Dundee. Initially, Knightsbridge will complete road improvements at the intersection of routes 25 and 68. It will also complete utility and site work at a 6.54-acre parcel located at the intersection that will soon feature a Thornton’s gas station. A detention facility will also be constructed. Plans call for the gas station to open in the first quarter of 2010.
HARRISBURG, PA. — Coldwell Banker Commercial Bennett Williams has completed the sale of the Shops at TecPort Shopping Center in Harrisburg. Located at 3950 TecPort Dr., the 18,996-square-foot retail center was acquired by 3950 TecPort Drive LP from Bui-Bui, LLC., for $1.65 million. Chad Stine and Brad Rohrbaugh of Bennett Williams represented the seller in the transaction. The new property owners will continue to use Stine and Rohrbaugh’s services to the lease the remaining 8,100 square feet of available retail space. Current tenants of Shops at TecPort include EuroNails, Leading Edge Eye Care, Layne Careful Cleaners and La Piazza Restaurant, which anchors the center. The Shops at TecPort is located in the heart of TecPort Business Park just outside the Harrisburg Mall with visibility from Interstate 83. TecPort Business Park offers more than 1 million square feet of office space and several national hotel chains including Hilton and Homewood Suites.
HOUSTON — This September will mark the grand opening of the new Lucky Strike Lanes & Lounge at Houston Pavilions, a 700,000-square-foot mixed-use project located in downtown Houston. Lucky Strike is a boutique bowling alley that features bowling lanes with luxury amenities, a bar and lounge area and luxury food service. The 24,886-square-foot Houston location is the company’s 23rd Lucky Strike and its first in Texas. It will feature 14 lanes with premium leather couches, as well as a Luxe premium suite with four private lanes and a separate bar. It will be located at 1001 Fannin St.
HOOVER, ALA. — Lowe’s Home Improvement Warehouse has recently purchased approximately 15 acres at The Grove, a $100 million, 634,000-square-foot power center in Hoover. Located at the intersection of Interstate 459 and Alabama Highway 150, The Grove is under construction and scheduled to open this fall. Lowe’s will join fellow anchor tenants SuperTarget, Kohl’s, Petco and Shoe Carnival. Other signed tenants include Frontera Mexican Grill, dressbarn, Maurice’s, Rue 21 and American Deli.
N.C., S.C. AND GA — NRC Realty & Capital Advisors has been retained by Savannah, Ga.-based Enmark Stations Inc. to coordinate the sale of 20 of the company’s retail petroleum sites. The portfolio includes a variety of retail gasoline stations that have been operating under Enmark’s private brand, some full convenience stores, some kiosk only and some with carwashes. Of the 20-store portfolio, two are in North Carolina, eight are in Georgia and 10 are in South Carolina. All sales include the underlying properties of each site. The stores will be sold through NRC’s sealed bid process where purchasers can buy one, some or all locations.
CRYSTAL LAKE, ILL. — Rolling Meadows, Ill.-based A.G. Commercial has brokered and secured a $3.8 million loan for the ground-up construction of a Walgreens location in Crystal Lake. The 14,820-square-foot stand-alone property will be located at the corner of U.S. highways 31 and 176. Construction is slated to begin in September with completion expected by February 2010. George Arvanitis of A.G. Commercial arranged the financing on behalf of the undisclosed borrower.
AGOURA HILLS, CALIF. — Adler Realty Investments Inc. has broken ground for the construction of The Shops at Oak Creek, a 35,000-square-foot retail center that will be located on Canwood Street in Agoura Hills. The property is 83 percent pre-leased to tenants, including a national specialty retail grocer, Panda Express, Roebeks, Verizon Go-Wireless, Urban Café, San Ramon Lighting, Jinky’s Café and Fat Fish.
OSSINING, N.Y. — Urstadt Biddle Properties has secured $17.8 million in financing for the Arcadian Shopping Center in Ossining. The loan has a 10-year term with payments based on a 25-year amortization period at a fixed interest rate of 6.66 percent per annum. The mortgagee is New Alliance Bank. The Arcadian Shopping Center is a 178,000-square-foot shopping center anchored by a newly constructed 76,000-square-foot Super Stop and Shop.
UPLAND, CALIF. — Tim Sebek of Marcus & Millichap represented both undisclosed parties in the disposition and acquisition of a vacant retail property, which is located at 2419 Euclid Ave. The 38,640-square-foot property, which was formerly occupied by Albertsons, sold for $1.55 million.