CHICAGO — The Loan Sales group of Holliday Fenoglio Fowler (HFF) has closed the sale of 19 well-performing first mortgage commercial loans on behalf of AEGON USA Realty Advisors. The loans range in size from approximately $2 million to $7.5 million, with an aggregate total of approximately $78.5 million. The loans were secured by retail centers, industrial properties, office buildings, a mobile home park and multifamily properties located in 11 states. Stuart Salins of HFF represented AEGON USA in the transaction. The buyer was not disclosed.
HICKORY, N.C. — Ollie’s Bargain Outlet has opened a 40,000-square-foot store at Valley Crossing shopping center, marking the brand’s 80th location. The property is located at the intersection of Route 70/Route 321 ant 21st St. SE in Hickory. Ollie’s deals in closeout, surplus and salvage merchandise.
TEMPLE HILLS, MD. — NorthMarq Capital has secured a $6.4 construction loan for a 1,000-unit Beech Road Self Storage store to be built in Temple Hills. A national bank financed the loan. Gary McGlynn and Jason Smith of NorthMarq Capital’s Washington, D.C., office arranged the loan.
KANSAS CITY, KAN. — Block & Company Inc. Realtors has completed the development of the 184,000-square-foot Wal-Mart Supercenter, which is located within the Plaza at Speedway in Kansas City. Wal-Mart will co-anchor the center along with Best Buy and Kohl’s. Block & Company also recently opened a 176,311-square-foot Wal-Mart Supercenter at the corner of Raytown Road and 350 Highway in Raytown, Mo.
ROBINSON TOWNSHIP, PA. — Chattanooga, Tenn.-based CBL & Associates Properties has held the grand opening for Settlers Ridge, a new 600,000-square-foot, open-air retail center located in the Pittsburgh suburb of Robinson Township. Occupancy at the center is more than 94 percent. It is anchored by a 16-screen Cinemark theater, REI and LA Fitness. A 150,000-square-foot Giant Eagle Market District supermarket will open in November, and Barnes & Noble will open in spring 2010. Other tenants already open at the center include Panera Bread, P.F. Chang’s, Red Robin, Omaha Steaks, Sport Clips, Verizon Wireless and Vitamin Shoppe, among others.
LAKE GROVE, N.Y. — Centro Properties Group has opened a new R Superstore within DSW Plaza in Lake Grove. The 71,343-square-foot store features full-size Toys ‘R Us and Babies ‘R Us locations under one roof. The space was formerly occupied by Stop & Shop but was turned over to Toys ‘R Us in February. Construction consisted of a new storefront façade, new loading docks and the reconfiguring of the parking lot. Centro invested approximately $200,000 in the project. Ronkonkoma, N.Y.-based Lakota Construction served as general contractor.
CHAMPAIGN, ILL. — Champaign-based Sperry Van Ness|Ramshaw Real Estate has completed the sale of a vacant 39,480-square-foot retail property, located at 723 N. Neil St. in Champaign, for $1.05 million. The buyer, a private investor from Champaign, plans to bring a restaurant and retail shops into the one-story building, as well as construct a second story that will feature 11 residential condominiums. Alex Ruggieri of Sperry Van Ness represented the buyer, as well as the seller, a private investor from Urbana, Ill.
INDIANAPOLIS — Indianapolis-based NAI Olympia Partners has brokered the purchase of Raintree Plaza, a 61,718-square-foot shopping center located at 3702 N. Mitthoeffer Rd. in Indianapolis. Tracey Holtzman of NAI represented the undisclosed buyer in the acquisition from Investment Property Exchange. The acquisition price was not disclosed.
MURFREESBORO, TENN. — On behalf of the retailer Vitamin Shoppe, Nashville, Tenn.-based Baker Storey McDonald Properties has purchased the note for an 8,800-square-foot retail property from a local bank. Located near the intersection of North Thompson Lane and Medical Center Parkway in Murfreesboro, the property was in danger of foreclosure. Baker Storey plans to invest a total of $2.5 million into the space, an amount that includes the purchase price and renovation costs. The tenant will open its doors in early 2011.
LIBERTYVILLE, ILL. — MJK Real Estate Holding Co. has purchased the former Miller-Krueger Dodge dealership on Milwaukee Avenue in Libertyville for an undisclosed price. The buyer plans to re-tenant the property with Five Guys Burgers and Fries, Chipotle Mexican Grill, Dunkin’ Donuts, CD One Price Cleaners and T-Mobile. Steve Frishman and David Stensby of Oakbrook Terrace, Ill.-based Mid-America Real Estate Corp. represented the buyer and the seller, Liberty Auto City, in the transaction.