Retail

CHICAGO — The grand opening has been held for a new Jewel-Osco grocery store, located at 11730 S. Marshfield Ave. on Chicago’s South Side. The new 64,445-square-foot location is situated within Marshfield Plaza, Beverly Hills, Calif.-based Primestor’s 454,000-square-foot retail redevelopment of the former Libby Food canning plant. In addition, Anna’s Linens has opened an 8,500-square-foot location at 11614 S. Marshfield Ave. The two retailers join a tenant roster that includes Target, Marshall’s, LA Fitness, Staples, Petco, Dollar Tree, Fifth Third Bank, Chili’s Grill & Bar and Panda Express, among others.

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SOUTH PADRE ISLAND, TEXAS — Lynann Pinkham with Corpus Christi, Texas-based NAI Cravey Real Estate Services, along with Doug Lacy of The Retail Connection, recently represented National Retail Partners in the leasing of the former OfficeMax space at 5625 South Padre Island Dr. Spec’s Liquor, which will occupy the 25,390-square-foot space, will open later this year.

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TEHACHAPI, CALIF. — Alex Kozakov and Patrick Wade of Marcus & Millichap represented the undisclosed seller in the disposition of a 3,115-square-foot, single-tenant retail property in Tehachapi. Located at 550 Tucker Rd., the property sold to an undisclosed buyer for $1.05 million. The asset is currently occupied by Jiffy Lube Service Center #2760, which offers two auto bays.

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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.

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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.

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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.

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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.

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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.

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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.

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