CHESTER, N.J. — Stamford, Conn.-based Core Plus Partners has acquired a New Jersey lifestyle center from RREEF. The Streets of Chester is a 104,682-square-foot property located along Route 206. Its primary tenants include Coach, Chico's, Gap, Talbots, Coldwater Creek and Banana Republic. Carlo Caparruva of Fameco Real Estate represented both parties in the deal. The acquisition price was not disclosed.
WESTFORD, MASS. — Linear Retail Properties has acquired a freestanding Rite-Aid pharmacy in Westford for $3.4 million. The 15,103-square-foot building was constructed in 1995 and is located at the intersection of Route 110 and Littleton Road. Linear acquired the building from an affiliate of California-based Corporate Partners Property Group. Mike O'Mara of Eastern Net Lease Advisors represented Linear in the deal.
PLANO – Verizon Wireless has leased 2,300 square feet of retail space at Signature Plaza in Plano. Located at the intersection of Coit Road and Highway 121, the 106,184-square-foot shopping center is home to Kroger, State Farm Insurance, The UPS Store and Chase. Daniel Taylor of SRS Realty represented Verizon, while Ryan Griffin represented Regency Centers in the lease transaction.
ARLINGTON – Asian King Buffet has leased 9,092 square feet of space at the Carriage Plaza shopping center located at Interstate 30 and North Collins Street in Arlington. Scott Rose of the Retail Connection negotiated the lease with KC Cheah and Shirley Tan of Pacific Century Realty.
WEST VALLEY CITY, UTAH — TRI Commercial/CORFAC International has brokered the sale of an IHOP restaurant located at 3383 Decker Lake Drive in West Valley City. Listed for more than $2.32 million, the property encompasses approximately 4,114 square feet and 63 parking spaces. TRI Commercial/CORFAC International’s Robert King represented the seller, WB Equities, in the transaction, and Commerce Real Estate Solutions’s Mary Street represented the buyer. The tenant has more than 17 years remaining on the primary lease term.
HAINES CITY, FLA. — Florida-based ESAN LLC has acquired a Winn-Dixie Supermarket property in Haines City. Situated on 6.81 acres of land, the 47,718-square-foot property sold for $1.79 million or $37.51 per square foot. Cynthia Shelton and Mike Milano of Colliers International represented the undisclosed seller in the transaction.
NEW YORK CITY — Target and Marshalls are the two newest tenants to open their foors at Sky View Center, an 800,000-square-foot shopping center located in Flushing, Queens. Target is occupying 180,000 square feet in the center, and Marshalls is leasing 37,000 square feet. The retailers will join a tenant roster that includes BJ's Wholesale Club, Best Buy and Bob's Discount Furniture. Other tenants opening this year include Bed Bath & Beyond, Payless, Old Navy, Applebee's Neighborhood Grill & Bar and Chuck E. Cheese's. Onex Real Estate Partners is the project's owner and developer. Sky View Center is part of the Sky View Park mixed-use development, which also includes six residential condominium towers.
MIAMI — Palm Beach, Fla.-based Sterling Organization has secured a $52.5 million loan extension for Mall of the Americas, a 790,000-square-foot shopping center in Miami. The loan was arranged through the borrower's lender, Allstate. Located on West Flagler Street, the mall is occupied by Home Depot, Marshalls, Ross Dress for Less, AMC Theaters, CompUSA, Tiger Direct and Old Navy. Al Rex of Grandbridge Real Estate Capital facilitated the transaction.
JERSEY CITY, N.J. — Carlo's Bakery, whose owner Buddy Valastro stars on TLC's show “Cake Boss,” has signed a lease for 30,000 square feet within the Lackawanna Center mixed-use project in Jersey City. The space, which is situated within the 200,000-square-foot Shops at Lackawanna retail component, is currently being renovated to include baking facilities, distribution space and offices. Located at 629 Grove St., Lackawanna Center contains 1.3 million square feet of industrial, office and retail space. It is managed by Emmes Asset Managemnt and Sal Goldman Investments.
PORTSMOUTH, N.H. — The Salvation Army has acquired the former Kia auto dealership located at 2458 Lafayette Road in Portsmouth. The buyer plans to convert the 33,000-square-foot building into one of its thrift stores. Jean Kane of The Kane Company represented the buyer. Chris McInnis of Paul McInnis, Inc., represented the undisclosed seller.