ARLINGTON, MASS. — Bierbrier Development is nearing completion for a 9,000-square-foot, freestanding addition to the Arlington Village Shops retail center in Arlington. Upon completion, the addition will bring the total amount of space within the center to 25,000 square feet. The project is applying for LEED certification. Petco and Hair Cuttery have already signed leases for a total of 6,375 square feet within the new addition. The Meat House also signed a lease for 3,300 square feet within the original shopping center. Adam Cirel of Atlantic Realty Properties, Jonathan Lapat of Strategic Retail Advisors and Casey Piche of Bierbrier Development negotiated the leases.
Retail
SPRINGFIELD, PA. — Conshohocken, Pa.-based Equity Retail Brokers has completed the sale of an approximately 2-acre development site located at 537 Baltimore Pike in Springfield. The buyer, Beneficial Mutual Savings Bank, plans to demolish the building presently occupying the site and construct a 4,500-square-foot bank branch with three drive-thru lanes. The branch will open this summer. Lee Cooper and Ed Ginn of Equity Retail Brokers represented the buyer. The seller was Illinois-based Insite Springfield LLC.
HAYWARD, CALIF. — Roessler Investment Group has handled the $2.25 million sale of The Aldengate Stores, a freestanding 7-Eleven, a post office and a car wash located at 2151-2175 Aldengate Way in Hayward. Jim Roessler represented the sellers of the properties, which total 6,336 square feet, and the buyer was represented by ERA East West Realty’s Agnes Han and Stella Son.
CHANDLER, ARIZ. — Marcus & Millichap has brokered the $1.62 million sale of a 2,780-square-foot Taco Bell located at 2930 S. Alma School Rd. in Chandler. Marcus & Millichap’s Mark Ruble and Jamie Medress represented the seller, Pono LLC, in the transaction involving the fast-food restaurant property, which is an out-parcel to a Target-anchored center.
GARDENA, CALIF. — Marcus & Millichap has negotiated the nearly $1.5 million sale of a 2,752-square-foot Burger King located at 14311 S. Western Ave. in Gardena. Marcus & Millichap’s Dennis Weisberg, Peter Deltondo and Tyler Leeson represented the seller, a partnership, of the net-leased property.
OMAHA, NEB. — Goodwill Industries has purchased a 70,000-square-foot retail property from a private party for an undisclosed amount. The building, which contains offices and a 25,000-square-foot retail area, is located in Benson Park Plaza at 4805 N. 72nd St. in Omaha. Goodwill has enlisted Kiewit and RDG to help with renovations, which will be constructed to LEED standards. When renovations are complete, the building will house an Internet café, multi-use training rooms and a computer lab in addition to the office and retail space. R.J. Neary and Ryan Zabrowski of Investors Realty represented the buyer.
MILWAUKEE — Clive B. Buckley Revocable Trust has sold the 11,900-square-foot Bresler Eitel Framing Gallery to JMB Real Estate Wisconsin for an undisclosed amount. The property is located at 525 W. Walnut St. in Milwaukee. The art gallery will stay on as the sole tenant in the building. David Buckley of Colliers Barry brokered the lease.
HOUSTON — CB Richard Ellis (CBRE) has brokered the sale of a Bank of America retail branch located within Houston's Greenway Commons Shopping Center. The property totals 4,297 square feet. Ryan West of CBRE represented the seller, PMC Houston Retail Operating LLC. The buyer was undisclosed.
GAMBRILLS, MD. — Chevy Chase, Md.-based JBG Rosenfeld Retail, JBG's funds VI and VII, and Bethesda, Md.-based Buvermo Investments have purchased the 390,000-square-foot Village at Waugh Chapel from clients advised by Prudential Real Estate Investors for an undisclosed amount. The property, located at the intersection of Crain Highway and Waugh Chapel Road, is 96 percent leased. Tenants include Safeway, L.A. Fitness, Rite Aid, Applebee's and Cold Stone Creamery. Bill Kent and Gary Lawrence of CB Richard Ellis represented the sellers. Northwestern Mutual Life Insurance Co. provided financing for the purchase.
PASCO COUNTY, FLA. — Hawkins Construction is gearing up for a groundbreaking for the 110,000-square-foot Hays Towne Center, a shopping center located at the intersection of State Road 52 and Hays Road in Pasco County. The Tampa office of Lyman Davidson Dooley designed the project. Publix will anchor the center, which will also house Great Clips, Spa 1 Nails, Penthouse Cleaners and Hawkeye Pizza. Hays Towne Center is being developed by Haysvest LLC, which is comprised of DCT Systems Group, Shuler Properties and Dunphy Properties.