FORT LAUDERDALE, FLA. — Rawworld Enterprises has acquired a 5,580-square-foot retail building, which is located at 2495 E. Commercial Blvd. in Fort Lauderdale. Locally based Metro LLC sold the property for $1.34 million or $229 per square foot. The buyer plans to occupy 2,750 square feet of the building for an organic food and health-related emporium. The remainder of the space is occupied by an architectural firm. The transaction included a 10,000-square-foot parcel zoned RM-25, which is currently utilized as a paved parking lot. Thom Fox of Panton & Co. Realty represented the buyer; Luna Nichols of NAI Rauch Weaver Norfleet Kurtz & Co. represented the seller in the transaction.
DAYTONA BEACH, FLA. — Leon Brockmeier and Patrick O'Halloran of Marcus & Millichap brokered the disposition of a Walgreens location in Daytona Beach. Located at 2620 S. Nova Road, the 13,841-square-foot retail property sold for $2.39 million. The buyer and seller were not disclosed.
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.
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.
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.
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.