HONOLULU, HAWAII — Los Angeles-based fashion chain Forever 21 has announced plans to open a three-story flagship location within Honolulu's Royal Hawaiian Center. The 42,580-square-foot store will be located within Building C and will have a major entrance on Kalakaua Avenue. With this new lease, Forever 21 is the shopping center's largest tenant. Developed and managed by The Festival Companies, Royal Hawaiian Center is a 310,000-square-foot shopping center located in Honolulu's Waikiki district. It is owned by Kamehameha Schools.
BELLFLOWER, CALIF. — Lee & Associates – Orange, Inc. has brokered the sale of a 9,171-square-foot retail strip center located in Bellflower. The property, which is situated at 9345-9361 Alondra Blvd., traded for $1.97 million. John Son of Lee & Associates represented the buyer, Mahn Properties. Eric Wohl and Kevin Fryman of Hanley Investment represented the seller, PB Investments I, Ltd. The acquisition price was not disclosed.
HUNT VALLEY, MD. — A 63,000-square-foot MVP Entertainment location will open its doors early next year in the 980,000-square-foot Hunt Valley Towne Centre in Hunt Valley. MVP features an upscale restaurant, two golf simulators, 38 bowling lanes and private reception areas that can accommodate up to 200 people. Hunt Valley Towne Centre is anchored by a 140,000-square-foot Wegmans.
FORT LAUDERDALE, FLA. — Marcus & Millichap has brokered the sale of the 20,444-square-foot Nicole’s Place shopping center between two local parties for $1.95 million. The property, which includes a 3,554-square-foot freestanding Burger King, is located at 2901 W. Commercial Blvd. in Fort Lauderdale. Drew Kristol, Kirk Olson and Jonathan Gerszberg of the firm’s Miami office represented the seller. The firm’s Greg Zeifman and Benjamin Silver represented the buyer.
BARTONSVILLE, PA. — Stroudsburg, Pa.-based Coldwell Banker Commercial (CBC) Pennco Real Estate negotiated the sale of a 9,600-square-foot auto repair shop in Bartonsville for $2 million. Situated at 93 Route 611, the property was purchased by Somerset Tire Service, which has opened a new STS Tire & Auto at the location. The seller was Pocono Tire Co. Terri Mickens of CBC Pennco handled the transaction.
MIAMI — LKS Associates has leased an 8,000-square-foot property to an undisclosed party for a new CVS/pharmacy location. The tenant will demolish the existing Roadhouse Grill to make way for the 13,000-square-foot drug store. Located in the Kendall Value Center on Sunset Drive in Miami, the property will contain two drive-thru lanes. Continental Real Estate Cos.’ Carlos Guzman represented the landlord. Kendall Value Center is now fully leased.
TUCSON, ARIZ. — QuickTrip Corp. has purchased 2.6 acres of land at 5154 E. Speedway in Tucson for the development of a new store. The property sold for $1.32 million. Doug Wright of Commercial Investors Realty represented the purchaser; Steve Cohen of PICOR Commercial Real Estate Services, a Cushman & Wakefield Alliance Member, represented the seller, Don Medoff, in the transaction.
SALISBURY, MD. — Chicago-based Mayfair MDCC has sold a 25,000-square-foot former Circuit City store to an undisclosed party for $2.58 million. The property is spread across 2.24 acres at 2640 N. Salisbury Blvd. in Salisbury. Spirit Halloween is currently occupying the space through October. Henry Hanna and Wesley Cox of Sperry Van Ness – Miller Commercial Real Estate in Salisbury represented Mayfair in the transaction. Blair Rinnier of Salisbury-based Rinnier Development represented the buyer.
BERLIN, N.J. — Marcus & Millichap has brokered the sale of Cherry Plaza Shopping Center, a 19,425-square-foot neighborhood retail property located in Berlin, for $1.5 million. The center is situated at the intersection of Route 73 and Berlin Circle and was 73 percent occupied at the time of closing. Christopher Munley, Dean Zang and Mark Taylor of Marcus & Millichap’s Philadelphia office represented both parties in the transaction. The seller was New Jersey-based The Joseph Gulli, Blair Parking & Anthony Gulli Partnership. The buyer was Cherry Plaza LLC, a local construction company owner.
ERIE, PA. — Levin Management Corp. has launched a new program at Liberty Center in Erie that will provide retail business incubator space for retail and professional services startups. Approximately 20,000 square feet is being set aside for the program in various size increments. Flexible, short-term leases will also be offered. The program is part of the ongoing repositioning of Liberty Center that is being undertaken by Levin, the center’s leasing and management agent. Liberty Center totals 227,000 square feet and is located at 3407-3728 Liberty St. Existing tenants at the center include Peebles, Quality Market, Radio Shack, Payless Shoesource, Harbor Freight Tools, Dollar Tree and Blockbuster.