NORTH ARLINGTON, TEXAS — Daired’s Salon & Day Spa has acquired a two-story, 14,700-square-foot retail building located at 915 Skyline Dr. in North Arlington. The buyer plans to open a new location for its business this fall. Theron Bryant of SCM represented the undisclosed seller. Steve Chilton of Chilton Development represented the buyer. The acquisition price was not released.
SAN ANTONIO — Los Angeles-based Investment Real Estate Associates (IREA) has completed the sale of a 9,180-square-foot Family Dollar retail building, located in San Antonio. The building, which was constructed this year, is situated at 1826 Rigsby Ave. Clark Everitt and William Everitt, both of IREA, represented the seller, TI Rigsby LP, as well as the buyer, a private individual. The property traded for approximately $1 million.
LANCASTER, PA. — Centro Properties Group has renovated Stone Mill Plaza, an approximately 124,000-square-foot shopping center located at the intersection of Columbia Avenue and Jackson Drive in Lancaster. Construction primarily consisted of the expansion of an existing Giant Food Store from 48,900 square feet to approximately 76,000 square feet. In addition, three existing tenants — Subway, Oriental Restaurant and PNC Bank — were relocated within the center. Other improvements included a façade renovation, parking lot and landscaping improvements, and pedestrian-friendly improvements to the street.
FLAGLER BEACH, FLA. — Maitland, Fla.-based Keene Construction Co., serving as general contractor, has completed the 64,031-square-foot Publix at Beach Village retail center in Flagler Beach. Located on State Road 100, the center features a 46,031-square-foot Publix Super Market and 18,000 square feet of additional retail space. Clearwater, Fla.-based Fisher & Associates designed the project, which was developed by Fort Myers, Fla.-based North American Properties.
BALTIMORE — Vanguard Equities has acquired 63,694 square feet at Golden Ring Center, which is located at 8823 Pulaski Highway in Baltimore. The Baltimore-based company plans to redevelop and lease the retail space, which was previously occupied by Circuit City. Matthew Cooper and Eddie Goldmeier of Grubb & Ellis represented the buyer; DJM Realty represented the seller, Circuit City, in the transaction.
CHARLESTON AND NORTH CHARLESTON, S.C. — Colliers Keenan Retail Services Group recently brokered two lease transactions to bring Five Guys, a burger and fries casual dining restaurant chain, to the Charleston area. The restaurants will be occupy a 2,511-square-foot space at 364 King St. in downtown Charleston and a 2,810-square-foot space at 4959 Centre Point Dr. at the Centre Point retail center in North Charleston. Five Guys’ other Charleston area restaurants are located at Indigo Village in West Ashley and Town Centre Place in Mount Pleasant. John Peyre Scurry, Jr., and Erin England of Colliers Keenan brokered the transactions.
DARIEN, CONN. — NorthMarq Capital has arranged $12.37 million in construction-to-permanent, first-mortgage financing for the development of a new 50,000-square-foot Whole Foods Market, located in Darien. The loan carries a 10-year term with interest-only payments during the construction period, followed by a 30-year amortization schedule. Ernest DesRochers and Charles Cotsalas of NorthMarq’s New York Metro office arranged the transaction between the borrower, Darien WF LLC, and the lender, Peoples United Bank. The project is expected to be complete by mid-2010.
SAN ANTONIO — Los Angeles-based Investment Real Estate Associates (IREA) has closed the sale of a Family Dollar store in San Antonio. Built in 2009, the 9,180-square-foot building is located at 1826 Rigsby Ave. William Everitt and Clark Everitt with IREA represented both the buyer, a private individual, and the seller, TI Rigsby, LP, in the transaction.
EAST ST. LOUIS, ILL. — Groundbreaking has occurred for a new $2.15 sports bar and entertainment venue for The Casino Queen, a casino and resort located at 200 S. Front St. in East St. Louis. Known as SEVENS, the venue will feature 16 high-definition televisions, a retractable projection screen, museum cases that feature St. Louis Cardinals memorabilia and a 360-square-foot performance stage near a dance floor. SEVENS is expected to open this fall. St. Louis-based KAI Design & Build is serving as projects architect with Legacy Building Group serving as general contractor. The Casino Queen recently completed a $2.2 million hotel renovation project.
ARLINGTON, TEXAS — Chuy’s, an Austin, Texas-based Tex-Mex concept, has opened its new location in Arlington. The restaurant is located at The Retail Connection’s Arlington Highlands development, a 1.5-million-square-foot power center at the northeast corner of Interstate 20 and Matlock Road. Dallas-based Foremark handled the acquisition, entitlement and project management of the site. Parkway Construction & Associates managed the building’s design and construction. This marks Chuy’s third location in the Dallas/Fort Worth market.