ONTARIO, CALIF. — A California-based investment group has completed the disposition of a 1,600-square-foot Starbucks Coffee drive-thru location in Ontario. An undisclosed buyer purchased the property, which is located within the Village at Ontario retail center, for $1.2 million or $750 per square foot. James Antoyan of Marcus & Millichap represented the seller; Kyle Irvine and Don Emas, also of Marcus & Millichap, represented the buyer in the transaction.
CLAYTON, N.C. — LSF5 has sold a Lone Star Steak House restaurant to an undisclosed party for an undisclosed amount. The property is located at 13049 U.S. Highway 70 West in Clayton. Morrison Divine of Sperry Van Ness’ Raleigh, N.C., office and Kase Abushark of the firm’s Irvine, Calif., office represented the seller; Charlie Barzola of Raleigh-based Commercial Carolina represented the buyer.
DALLAS — Hard Rock Café Dallas is set to officially opens its doors at the Victory Park urban mixed-use development in Dallas on July 15. The 8,900-square-foot location features a 265-seat restaurant and an outdoor dining area with patio seating for 40, as well as a Rock Shop selling Hard Rock’s merchandise. The café was constructed with a “Lucid Dream” design aesthetic, which features uncommon materials that diffuse, project and absorb light. Hard Rock Café Dallas is located at 2211 N. Houston St., at the southern end of Victory Park.
NEW YORK CITY — The Kaufman Organization recently negotiated a 16-year, 5,000-square-foot lease at 470 Seventh Ave. in Manhattan, New York City, for JPD Restaurant Group. ?JPD plans to open a Pig n’ Whistle Irish pub at the location. Located in the Garment District, the 14-story building was built in 1924 and contains 74,000 square feet. The terms of the lease were undisclosed, but the asking rent for the space was $150 per square foot. Other tenants in the building include Ambient Group LLC, David Tutera, Inc., and Sabara Global Consumer Products. Grant Greenspan, Michael Kaufman, and John Schiliro of the Kaufman Organization represented both the landlord and tenant in the transaction.
AVENEL, N.J. — Subway has signed on for space at Delco Plaza in Avenel. The 77,928-square-foot neighborhood shopping center is now 100 percent leased. Delco Plaza is located on St. Georges Avenue (Route 35) at Peach Street. Other tenants at the shopping center include Pathmark, Boston Market, Photo Time, Crystal Vision, Golden Touch Jewelers, 99 Cent Max, Hair Designs, BuyRite Liquors, Beauty Castle, Radio Shack, Bank of America, pizza and Chinese restaurants and a nail salon. Ethan Goldsmith of Levin Management Corp., the exclusive leasing and managing agent for the property, brokered the 800-square-foot commitment.
PENSACOLA, FLA. — Developers Diversified Corp. has sold the 259,392-square-foot Palafox Square shopping center to Yale Realty Services Corp. for an undisclosed amount. The Pensacola property is anchored by a 219,742-square-foot Wal-Mart Supercenter and is fully occupied by Office Depot, GameStop, Radio Shack, Fantastic Sams, GNC and Sally Beauty Supply, among others. Jim Michalak, Anthony Blanco and Lenard Williams of Plaza Advisors represented the seller.
MIAMI — Orlando, Fla.-based Cuhaci & Peterson Architects is working on a redesign of two Winn-Dixie supermarkets in Miami. The firm will design new spaces for the 50,000-square-foot store on N.W. 41st Street, and the 61,000-square-foot store on N.W. 11th Street.
MANCHESTER, CONN. — A 30,000-square-foot Savers recently opened at Crossroads Shopping Center in Manchester. The retail center is located in the northeast corner of Interstate 84 (Wilbur Cross Highway) and Buckland Road on Pavilions Drive. Peter Considine of The Dartmouth Company, represented Savers, and Centro Properties Group, the owner, was represented in-house by Charles Davis of Centro Properties.
DALLAS — Indianapolis-based Simon Property Group has assumed leasing and management duties for Galleria Dallas, a 1.3 million-square-foot mall located at the interchange of Interstate 635 and the Dallas North Tollway in Dallas. The four-story shopping center contains over 200 stores. It is anchored by Saks Fifth avenue, Nordstrom and Macy’s; additional tenants include Luis Vuitton, Gucci, Baccarat and Tiffany & Co. The property also includes an office tower, a hotel and an ice skating rink — all of which were not included in the transaction. Simon will take control of the property August 1. Galleria Dallas. The mall was previously managed by General Growth Properties, which filed for bankruptcy earlier this year.
SUGAR LAND, TEXAS — CB Richard Ellis (CBRE) has brokered the sale of a 3,500-square-foot retail bank building, located at 11770 University Blvd. in Sugar Land. Nizari Progressive Federal Union acquired the property. The financial institution currently has locations in Texas, California and Illinois. CBRE’s Mark Raines, Matt Keener and Russell Janicek represented the buyer. The undisclosed seller was represented by Simmi Jaggi and Elizabeth Clampitt, also of CBRE. The purchase price was not released.