DALLAS — Equinox Fitness Clubs has opened its second Texas location in Dallas. The 30,000-square-foot facility is located on Hillcrest Road in the city's Preston Hollow neighborhood. It features six fitness studios, a rooftop terrace and a water feature. Fitness club amenities include a retail store, a cafe, a kid's club, a full-service space, a fully amenitized locker room area and wireless Internet access.
ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of a 7,918-square-foot retail property located in Arlington. Situated at 2009 E. Copeland Road, the property is occupied by Texas Land & Cattle. It was built in 1997. Philip Levy and Jason Vitorino of Marcus & Millichap's Dallas office represented the seller, a limited liability company. Chad Knibbe and Marla Rhodes of Marcus & Millichap's San Antonio office represented the buyer, also a limited liability company. The acquisition price was not disclosed.
DOTHAN, ALA. — Aronov Realty Management of Montgomery, Ala., has started the development of Cottonwood Corners, a 63,000-square-foot shopping center anchored by a 45,600-square-foot Publix. The Dothan property will help generate approximately 200 jobs. Delivery is expected next fall.
BENTONVILLE, ARK. — Wal-Mart Stores Inc. has tapped Fort Myers, Fla.-based J.L. Wallace to remodel a Sam's Club store in Bentonville. The remodeling will only take place at night, which will keep the store fully operational during the project. Ronald D. Ress will serve as the architect, and Kimley-Horn & Associates will provide engineering services.
ORLANDO, FLA. — Simon Property Group has completed the development of a 150,000-square-foot outdoor promenade at The Florida Mall in Orlando. Forever 21 and Zara have opened in the property as well as a 25,000-square-foot H&M, which is one of the first in Florida. The Florida Mall houses more than 250 retailers, six department stores and six restaurants.
CHICAGO — Beverly Hills, Calif.-based Primestor Development has signed Burlington Coat Factory to its 454,000-square-foot Marshfield Plaza, which is located on 119th Street in Chicago. The retail giant will occupy 64,000 square feet of space at the center. Current tenants include Chili’s, Marshalls, Dollar Tree, Target, Jewel-Osco, Staples, Petco, Anna¹s Linens, Fifth Third Bank and Panda Express. The retailer plans to open the location in summer 2010.
GREENWICH, CONN. — FirstService Williams has brokered the sale of an approximately 5,600-square-foot retail property located in downtown Greenwich for $8 million. The retail property is situated at 75 Greenwich Ave. and is occupied by Sephora. Stephen Westerberg of FirstService Williams' Stamford, Conn., office represented the seller, Merlof LLC. The buyer, 75 Greenwich Avenue LLC, utilized in-house representation.
AVENTURA, FLA. — Suffollk Construction has completed vertical work on the 14,864-square-foot Aventura Arts & Cultural Center. The 325-seat performing arts center is located along the waterfront in Aventura. The architecture firm PGA designed the property to LEED standards, which include efficient fixtures, recycled local materials and low VOC paints and coatings.
SHAKER HEIGHTS AND PARMA, OHIO — Fort Wayne, Ind.-based Equity Investment Group has acquired two shopping centers totaling 223,657 square feet from Edens & Avant. The assets are the Heinen’s Fine Foods-anchored Shaker Towne Centre in Shaker Heights and the Giant Eagle-anchored Snow View Plaza in Parma. At the time of closing, Shaker Towne was 85 percent occupied and Snow View was 90 percent occupied. The acquisition price was not disclosed.
HARRISBURG AND DICKSON CITY, PA. — Cedar Shopping Centers has transferred the ownership of two of its Pennsylvania shopping centers to a joint venture between itself and RioCan Real Estate Investment Trust. RioCan will own an 80 percent interest and Cedar will own a 20 percent interest in Blue Mountain Shopping Commons in Harrisburg and Sunset Crossing in Dickson City. Blue Mountain Commons totals 121,000 square feet and Sunset Crossing totals 74,000 square feet. Both shopping centers are anchored by Giant Food Stores. Cedar realized a $32 million profit from the transfer, which is being used to reduce the balance of the company's credit facilities. The deal represents two of seven properties that will be transferred to the joint venture. The remaining five properties will close during the first quarter of next year.