INDIANAPOLIS — Anytime Fitness has signed a lease to open a new location in downtown Indianapolis. Located within the Majestic Building at the corner of Maryland and Pennsylvania streets, the 2,000-square-foot exercise facility is slated to open in mid-February. Anytime Fitness is collaborating with Keystone Group to develop the property.
LITTLE EGG HARBOR, N.J. — Marcus & Millichap has brokered the sale of Tuckerton Commons, a retail center located in Little Egg Harbor, for $2.16 million. The property totals 9,168 square feet and was built in 2007. It is fully occupied by West Marine, AT&T and Jersey Mike's. Michael Lombardo of Marcus & Millichap's New Jersey office represented the seller, a North Carolina-based developer. Seth Pollack, also of Marcus & Millichap's New Jersey office, represented the buyer, a northern New Jersey-based investor.
KILLEEN, TEXAS — SRS Real Estate Partners has arranged the sale of The Shops at Killeen Mall, a 9,070-square-foot retail property located at 2401 E. Central Texas Expressway in Killeen. The center is fully occupied by a tenant roster that includes Verizon Wireless, FedEx Office and USAA. Jason Middlebrook of the Austin office of SRS represented the undisclosed seller. The buyer was a private trust, and the acquisition price was not disclosed.
AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a 37,767-square-foot ground lease in Austin for $3.26 million. The site, located at 7820 Burnet Road, is occupied by Comerica Bank. Mark Ruble and Jamie Medress of Marcus & Millichap's Phoenix office represented the buyer, Roddimeyer III LLC. Timothy Speck of Marcus & Millichap's Dallas office assisted in the transaction. The seller's name was not disclosed.
ATLANTA — St. Louis-based PGAV Destinations has finished designing a $110 million expansion for the Georgia Aquarium. Located at 225 Baker St. NW in Atlanta, the 84,000-square-foot expansion will house a 1.8-million gallon dolphin tank. The dolphin exhibit is expected to open in November.
READING, PA. — Marcus & Millichap has brokered the sale of the Towne Square Plaza located in at 441 Fifth Street Highway in Reading for $18.85 million. The property is anchored by Target and Giant Food. Junior anchors of the center include A.C. Moore and PetSmart. Brad Nathanson of Marcus & Millichap's Philadelphia office represented the seller, Newman Development Group, and the buyer, a joint venture between Cedar Shopping Centers and RioCan Real Estate Investment Trust. The property traded at a 8.02 percent capitalization rate.
FAYETTEVILLE AND GREENVILLE, N.C. — Carlie C's IGA has leased a 44,000-square-foot retail space from an undisclosed landlord in Cliffdale Corners. The property, located at the intersection of Cliffdale and Reilly roads in Fayetteville, formerly housed a Winn-Dixie. Drew Logan and David Allen of the Shopping Center Group's Raleigh, N.C., office represented the landlord in the 10-year lease. Logan and Allen represented both parties in Ollie's Bargain Outlet's 30,160-square-foot lease from an undisclosed landlord. Located in the Rivergate Shopping Center at the intersection of Greenville Boulevard and 10th Avenue, the space was formerly occupied by a Piggly Wiggly.
PINELLAS PARK, FLA. — Marcus & Millichap has brokered the sale of a 1,425-square-foot Church's Chicken between two undisclosed parties for $615,000. The Pinellas Park restaurant is used as a training location. Ron Schultz and John Brigel of Marcus & Millichap's Tampa, Fla., office represented the seller. Paul Bitonti and Brenton Baskin of the firm's Newport Beach, Calif., office represented the California-based buyer.
AURORA, ILL. — Phillips Edison & Co.’s Fund IV has acquired Prairie Point, a 93,000-square-foot shopping center located in Aurora. The purchase price of the all-cash transaction was not disclosed. Located at the corner of Eola Road and East New York Street, the property is anchored by Dominick’s Finer Foods, a Chicago-based supermarket chain that is part of Safeway Inc. Prairie Point is the company’s first acquisition in the Greater Chicago area and the seventh property in the $300 million Phillips Edison Opportunity Fund IV portfolio. Additional terms of the transaction were not released.
ST. CHARLES AND SOUTH ELGIN, ILL. — An Arizona-based institutional investor has purchased two retail properties in St. Charles and South Elgin for $8.5 million. Both properties offer 14,490 square feet and are fully occupied by Walgreens. Gill Warner of Stan Johnson Co. represented the buyer and the seller, an Illinois-based retail developer, in the transaction.