NEW BRAUNFELS, TEXAS — A 14-screen Starplex Cinemas will open late this year at the 400-acre New Braunfels Town Center at Creekside, according to NewQuest Properties. The property will be located in the interchange of Interstate 35 and Loop 306 in New Braunfels. Cinema features include Real D 3-D digital projection, stadium seating and a full concession area.
MOUNTAIN VIEW, CALIF. — Newmark Realty Capital has arranged the $41.25 million purchase of San Antonio Shopping Center located at 445 San Antonio Road in Mountain View. Merlone Geier Partners, the buyer, plans to redevelop the 180,000-square-foot shopping center, which is anchored by Sears. Newmark’s Eric Von Berg represented the private investment firm in the acquisition.
ST. CHARLES AND CHICAGO, ILL. — Titan Commercial, an affiliate of Magellan Development Group, has completed two lease transactions totaling $2.17 million in Illinois. In the first transaction, CPD Feather Rock purchased a 4,083-square-foot building, located at 2710 E. Main St. in St. Charles, for $1.96 million. T-Mobile and Qdoba currently occupy the two-unit retail property. The sellers were Shiner Group and Hilco Real Estate. Ben Rosenfield of Titan Commercial represented the buyer. In the second transaction, Avenir Publishing signed a lease for 3,941 square feet of space at 180 N. Wabash in Chicago. The landlord is Marc Realty. Rosenfield represented Avenir in the transaction. Additional terms of the transaction were not released.
SOUTHINGTON, CONN. — Wakefern Food Corp. plans to open a new Shop Rite in Southington. The new grocery store will occupy 60,000 square feet within Southington Plaza Shopping Center, which is located at 750 Queen St. The previous tenant was a SuperValu grocery store, which closed 2 years ago. The new Shop Rite will open as soon as renovations to the space are complete.
CORPUS CHRISTI, TEXAS — Trademark Property is nearing the completion of a $50 million renovation to La Palmera, a 40-year-old mall in Corpus Christi. The work includes a 600-seat food court, the upgraded Outdoor Lifestyle Court and a new Center Court. The renovation began in July 2008, and since that time, 19 new leases and 29 lease renewals have been signed. The newest tenants include Ulta, which will occupy a 9,800-square-foot store, and a 700-square-foot Wendy's, which will operate in the food court.
SIMI VALLEY, CALIF. — Evergreen Development Co. has completed the design, development and construction of a 10,000-square-foot Walgreens at the intersection of Sycamore Drive and Cochran St. in Simi Valley. Situated in the Sycamore Village shopping center, the first Walgreens in the city will be open 24 hours a day and will also feature a drive-through pharmacy.
HARRISONBURG, VA. — Best Buy has signed a lease with THF Harrisonburg Crossing LLC to occupy 32,958 square feet of space at Harrisonburg Crossing in Harrisonburg. The shopping center also houses The Home Depot, Ross Dress for Less, Walmart, Barnes & Noble Booksellers and Staples. Gerald Divaris and Debbie Wake of Divaris Real Estate represented the landlord.
CRESTWOOD, ILL. — Burlington, N.J.-based Burlington Coat Factory has signed a lease to occupy 70,000 square feet of space at the corner of Cicero Avenue and Calumet Sag Road in Crestwood. The new store is expected to open in August and will co-anchor Mid-America Asset Management’s 175,427-square-foot retail center at the site. Mary Beth Menelli and Richard Spinell provided in-house representation for Mid-America; Brad Gershman of Gershman, Brown & Crowley represented the tenant in the transaction. Terms of the lease were not released.
NEW YORK CITY — Complete Body & Spa is opening a 13,640-square-foot fitness club at 301 E. 57th St. in midtown Manhattan. The physical fitness and wellness center will feature a 2,464-square-foot sundeck, an indoor swimming pool with a retractable roof, personal training, fitness classes, massage therapy, acupuncture, nutritional counseling, spray tanning, a sauna, laundry service and a juice bar. The club is expected to open in April.
AUSTIN, TEXAS — Simon Property Group has completed the second phase of development for the 304-acre Domain, an Austin mixed-use project located on property formerly owned by IBM. The phase, known as Domain II, is anchored by Dillard's and Dick's Sporting Goods. The Beck Group of Dallas designed the property's retail and office space and served as general contractor. The first phase, which opened in 2007, is anchored by Neiman Marcus.