STONE MOUNTAIN, GA., AND GREENSBORO, N.C. — It’s Fashion Metro will open an 11,500-square-foot branch in Stone Mountain in February. The store will be located in the Memorial Bend Shopping Center, which houses Publix, Foot Locker and Dollar Tree. The Shopping Center Group’s Brett Fuller represented the undisclosed landlord in negotiations. CB Richard Ellis’ Miranda Walker represented It’s Fashion. The Shopping Center Group’s Drew Logan has represented Intrex Computers in its relocation to Northwest Centre in Greensboro. The store will open in March. The property, located on Battleground Avenue, is 100 percent leased and houses Ross Dress For Less and T.
BRODHEADSVILLE, PA. — Coldwell Banker Commercial (CBC) Pennco Real Estate has arranged the purchase of a 9,000-square-foot auto shop in Brodheadsville for $1.4 million. The property, which is situated at the intersection of Route 209 and Silver Valley Drive, was purchased by Somerset Tire Service. The buyer has opened its second STS Tire & Auto store at the location. CBC's Terri Mickens negotiated the transaction. Mickens also assisted Somerset Tire Service in the acquisition of its first STS Tire & Auto location earlier this year in Bartonsville, Pa.
VACAVILLE, CALIF. — California Capital & Investment Group represented both the buyer, 580 Orange Building LP, and the seller, Tony Batarse Family Trust, in the $3.75 million disposition of a one-story, 21,500-square-foot retail building, located at 580 Orange Dr. in Vacaville. At closing time, the property was 100 percent leased to AutoFocus Inc., which operates a Volkswagen dealership on the site.
TAMPA, FLA. — Tampa-based Monroe & Giordano has secured a $6.8 million loan for the 155,837-square-foot Westport Storage and Office/Warehouse. The 351-unit property, located on Williamson Boulevard in Tampa, was built in phases from 2000 to 2004. A national lending source provided financing for the permanent loan.
CHICAGO — The Missner Group, serving as general contractor, is constructing a new facility for Again Auto Parts in Chicago. Located at 1300-1330 N. Kostner Ave., the 8.9-acre project is currently underway with completion expected in spring 2010. Cornerstone Architects is providing architectural services for the project.
CHICAGO — The Loan Sales group of Holliday Fenoglio Fowler (HFF) has closed the sale of 19 well-performing first mortgage commercial loans on behalf of AEGON USA Realty Advisors. The loans range in size from approximately $2 million to $7.5 million, with an aggregate total of approximately $78.5 million. The loans were secured by retail centers, industrial properties, office buildings, a mobile home park and multifamily properties located in 11 states. Stuart Salins of HFF represented AEGON USA in the transaction. The buyer was not disclosed.
HICKORY, N.C. — Ollie’s Bargain Outlet has opened a 40,000-square-foot store at Valley Crossing shopping center, marking the brand’s 80th location. The property is located at the intersection of Route 70/Route 321 ant 21st St. SE in Hickory. Ollie’s deals in closeout, surplus and salvage merchandise.
TEMPLE HILLS, MD. — NorthMarq Capital has secured a $6.4 construction loan for a 1,000-unit Beech Road Self Storage store to be built in Temple Hills. A national bank financed the loan. Gary McGlynn and Jason Smith of NorthMarq Capital’s Washington, D.C., office arranged the loan.
KANSAS CITY, KAN. — Block & Company Inc. Realtors has completed the development of the 184,000-square-foot Wal-Mart Supercenter, which is located within the Plaza at Speedway in Kansas City. Wal-Mart will co-anchor the center along with Best Buy and Kohl’s. Block & Company also recently opened a 176,311-square-foot Wal-Mart Supercenter at the corner of Raytown Road and 350 Highway in Raytown, Mo.
ROBINSON TOWNSHIP, PA. — Chattanooga, Tenn.-based CBL & Associates Properties has held the grand opening for Settlers Ridge, a new 600,000-square-foot, open-air retail center located in the Pittsburgh suburb of Robinson Township. Occupancy at the center is more than 94 percent. It is anchored by a 16-screen Cinemark theater, REI and LA Fitness. A 150,000-square-foot Giant Eagle Market District supermarket will open in November, and Barnes & Noble will open in spring 2010. Other tenants already open at the center include Panera Bread, P.F. Chang’s, Red Robin, Omaha Steaks, Sport Clips, Verizon Wireless and Vitamin Shoppe, among others.