Retail

LONE TREE, COLO. — Developer and design-builder Opus Northwest has started construction on the 100,000-square-foot second phase of the Lincoln Commons Retail District at Ridgegate in Lone Tree. Sprouts Market will anchor the second phase upon completion in the summer of 2010. The Mulhern Group is the project architect, and the project owner is Lincoln Commons North Inc.

SAN DIEGO — Grubb & Ellis|BRE Commercial has presided over the $13.8 million sale of the 42,973-square-foot ground-floor retail space occupied by Albertson’s at Market Street Village in San Diego. Grubb & Ellis’s Chuck Klein, Tim Winslow, Kevin Held and Jason Kimmel represented the seller, EVALBS LLC. Douglas Hamm of Narven Enterprises Inc. represented the buyer, LIAD LLC.

FRUITA, COLO. — Stan Johnson Co. has brokered the sale of a Walgreens store in Fruita, located along Interstate 70, just 15 miles west of Grand Junction. An individual investor purchased the 14,490-square-foot store in a tax-deferred 1031 exchange. Stan Johnson Co.’s Ken Hedrick and Jerry Hopkins represented the seller, a merchant Walgreens developer, and the firm’s Jim Gibson represented the buyer. This constitutes the 17th drugstore transaction for the brokerage firm in 2009.

BARSTOW, CALIF. — Revolutions has purchased the more than 35,000-square-foot Barstow Bowling Alley, located at 750-760 East Main Street in Barstow. Dr. Ronald J. Barbieri of the Inland Empire North office of Lee & Associates represented both the buyer and undisclosed seller in the transaction.

LOS ANGELES — Restaurateur James Li has opened a new 1880 Café on the ground floor of Held Properties’ 1880 Century Park East office building, located in the Century City submarket of Los Angeles. The restaurant’s 1,100-square-foot interior incorporates green building materials such as low VOC paint.