IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 7,225-square-foot retail building between two private parties for $1.48 million. The property, located at 444 N. O'Connor Road in Irving, is net-leased to O'Reilly Auto Parts, the third-largest auto parts dealer in the country. William Bennett, Gino Lollio and Andy Gallas of Marcus & Millichap represented the seller. Timothy Speck also helped close the deal.
FLORIDA — Mattress Firm has signed leases for 10 new locations in Florida and plans to open 15 more stores statewide in the next 18 months. The tenant primarily leases locations ranging from 3,200 square feet to 4,000 square feet. Tom Godino, Greg Godino and Ross Waters of Jupiter, Fla.-based Atlantic Retail Properties represented Mattress Firm in the 10 leases.
LEMAY, MO. — Yates/Paric has completed the construction of River City Casino, a $375 million casino project located in Lemay. Situated along the Mississippi River, the 90,000-square-foot casino offers more than 2,000 slot machines, approximately 55 table games, a restaurant, food service areas and entertainment venues. The project is owned and developed by Pinnacle Entertainment. Yates/Paric is a joint venture between Philadelphia-based W.G. Yates & Sons Construction Co. and St. Louis-based Paric Corp.
STAFFORD TOWNSHIP, N.J. — ULTA Beauty is opening a 10,800-square-foot beauty retail store at Barnegat, N.J.-based Walters Group’s Stafford Park in Stafford Township. Construction is currently under way and completion is scheduled for this fall. Current tenants of the mixed-use development include Dick’s Sporting Goods, PetSmart, Costco, Target and Best Buy.
FRISCO — Behringer Harvard Opportunity REIT I and Fairways Frisco are developing a 12-screen Cinemark movie theater at the Frisco Square mixed-use project in Frisco. The Cinemark property will be located on Frisco Square Boulevard. Features of the theater include a Cinemark XD: Extreme Digital Cinema auditorium, stadium seating and a self-serve concession stand.
ARLINGTON, TEXAS — CompUSA Retail has leased 25,000 square feet from Diana Arlington LP. The property is located in the former Bassett Furniture building at 1600 Interstate 20 West. John Mathes and Terry Syler of The Retail Connection and Ed Schmidt of NAI Miami brokered the transaction.
DALLAS — El Castor, a Mexican restaurant, has leased 2,930 square feet of space in the Meadow Central Market in Dallas. The property is located at the corner of North Central Expressway and Meadow Road. The Weitzman Group's Austin Schenkel and Christopher Young handled the lease. El Castor currently has three locations in Mexico.
FRISCO, TEXAS — Tex-Mex eatery Tupinamba's will move into a 5,000-square-foot space in The Shops at Starwood in Frisco this summer, opening a restaurant named Tupy's. The property is located at the intersection of Dallas North Tollway and Lebanon Road. Tenants recently added to The Shops at Starwood include Pappagallo's Classique, Pierce Hardware and Ginny's Underworld. Real Street Properties and SRS Real Estate Partners brokered the Tupinamba's lease.
CHARLOTTE, N.C. —A joint venture led by Regency Centers has acquired Providence Commons in Charlotte from a private party for an undisclosed price. The property consists of a 191,301-square-foot retail center located at the intersection of Providence Road and Ballantyne Commons Parkway. Major tenants include a 120,487-square-foot Lowe's Home Improvement Warehouse, a 50,240-square-foot Harris Teeter and an 8,640-square-foot Rite-Aid. The property was constructed in 1995. The purchase marks Regency's third shopping center in the market; it also owns Carmel Commons and Cochran Commons.
DOLTON, ILL., AND INWOOD, W.VA. — An affiliate of Norfolk, Va.-based Harbor Group International has purchased two CVS/pharmacy retail properties in Dolton and Inwood. The properties were acquired as a portfolio from Mesirow Realty Sale-Leaseback Inc. for $9.5 million. Each property is leased for a remaining initial term of approximately 24 years with 10 additional 5-year periods. The portfolio consists of a 13,013-square-foot CVS/pharmacy with a double drive-thru in Dolton and a 12,900-square-foot CVS/pharmacy with a double drive-thru in Inwood.