Retail

FIRM BREAKS GROUND ON VIRGINIA SHOPPING CENTER

by admin May 18, 2010

DAHLGREN, VA. — OMZ King George broke ground last week on the King George Gateway shopping center, which could eventually encompass 300,000 square feet of retail space. The property is located across the street from Dahlgren Naval Warfare Center at the interchange of VA Route 301 and University Drive in Dahlgren. A 150,000-square-foot Walmart Super Center, which will open in spring 2011, will anchor the property. Quiznos Sub, Verizon Wireless and Auto Zone have also signed on to move into the shopping center.

May 18, 2010

UBP ACQUIRES NEW MILFORD SHOPPING PLAZA

by admin May 18, 2010

NEW MILFORD, CONN. — Urstadt Biddle Properties (UBP) has acquired New Milford Shopping Plaza in New Milford for $22.5 million. Situated on Danbury Road, the property was constructed in the 1970s and renovated in 1990. Anchors for the 229,000-square-foot property include a 102,000-square-foot Walmart and a 72,000-square-foot Stop & Shop. Additional tenants include Dollar Tree, Union Savings Bank, Radio Shack, Hallmark and GameStop. The seller was not disclosed.

May 18, 2010

Retail Texas

MARCUS & MILLICHAP BROKERS NET-LEASED IRVING PROPERTY

by admin May 17, 2010

IRVING, TEXAS — Dallas-based Centric Capital Partners has purchased the 10,300-square-foot Ebby Halliday from a Richardson, Texas-based private investor for an undisclosed amount. The single-tenant, net-leased building is located at 7520 MacArthur Blvd. in Irving. Ebby Halliday was built in 1997 and is currently leased through 2016. Marcus & Millichap's Jason Vitorino and Philip Levy brokered the sale.

May 17, 2010

Retail Texas

FIRM PURCHASES HOUSTON BANK PROPERTY

by admin May 17, 2010

HOUSTON — Americal Financial TRS has sold a 4,635-square-foot property on a 0.9-acre parcel of land to Copperfield Retail for an undisclosed amount. Located at 6611 Highway 6 North in Houston, the development is leased by Amegy Bank. SRS Real Estate Partners' Rip Reynolds represented the seller.

May 17, 2010

Northeast Retail

MARCONE CAPITAL REFINANCES N.H. SHOPPING CENTER

by admin May 14, 2010

DOVER, N.H. — Marcone Capital has arranged a $13 million loan for the refinancing of a New Hampshire shopping center. Shaw's Plaza is located at 851 Central Ave. in Dover. The 165,000-square-foot property is anchored by Shaw's Supermarkets and tenanted by Bed, Bath & Beyond, Petco, Rite Aid and Rocky's Ace Hardware. Occupancy was 95 percent at the time of closing. The owner is an affiliate of Northstar Properties. Mike Marcone of Marcone Capital secured the financing, which was provided by a Connecticut savings bank.

May 14, 2010

Retail Southeast

$15.5 MILLION LOAN SECURED FOR KFC/TACO BELL PORTFOLIO PURCHASE

by admin May 13, 2010

SOUTHEAST — Jeff Bucaro of Aries Capital has arranged a $15.5 million acquisition loan for the purchase of 21 KFC/Taco Bell locations in the Southeast. The 5-year loan, funded by a consortium of credit unions, will cover 75 percent of the purchase. Michael Christie and Steven Madlinger of Heritage Capital Investments sponsored the loan.

May 13, 2010

Midwest Retail

COMPUSA RENOVATION, EXPANSION UNDER WAY

by admin May 13, 2010

CHICAGO — CompUSA has selected Skokie, Ill.-based The Missner Group to serve as general contractor for the renovation and expansion of the company’s CompUSA/Systemax retail location at 2500 N. Elston Ave. in Chicago. The renovation includes development of a new showroom, offices and applicable support facilities. Additionally, the project involves the complete overhaul of all mechanical and electrical systems, as well as a redesign of the exterior of the property. Sara E. F. Gensburg is providing architectural services for the project, which is slated for completion in May.

May 13, 2010

Retail Southeast

D.C. SAFEWAY STORE COMPLETE

by admin May 12, 2010

WASHINGTON, D.C. — Roche Constructors has completed a two-story complex that houses a LEED-certified Safeway grocery store in the Georgetown area of Washington. To construct the property, Roche demolished an old store, building the new structure along with a 259-space parking garage. Safeway is located on the second floor, with retail space on the street level.

May 12, 2010

Northeast Retail

NEW BJ'S WHOLESALE COMPLETE

by admin May 12, 2010

QUINCY, MASS. — Coastal Partners has completed construction for a new BJ's Wholesale Club in Quincy. The new store is located at 2100 Crown Colony Road within the Crown Colony Office Park. Its 84,000-square-foot size marks the first mid-sized prototype for the wholesaler in New England. The project consisted of the brownfield remediation of a 40,000-square-foot printing facility. It is the 20th BJ's in the state.

May 12, 2010

Northeast Retail

FORMER NAT'L WHOLESALE LIQUIDATORS BUILDING SELLS FOR $7.85 MILLION

by admin May 12, 2010

BRIDGEPORT, CONN. — The former National Wholesale Liquidators building in Bridgeport has sold for $7.85 million. Fortress Development acquired the 45,000-square-foot building, which is located at 4425 Main St., and plans to lease it to a major supermarket. Bruce Wettenstein of Vidal/Wettenstein was the sole broker in the deal between Fortress and the seller, Cornell Main Street LLC.

May 12, 2010

Newer Posts

Older Posts

Upcoming Events

Feb
11