ALHAMBRA, CALIF. — David Ridgway and Glen Suh of Marcus & Millichap represented the undisclosed seller in the disposition of a 7,840-square-foot retail property in Alhambra. An undisclosed buyer acquired the property, which is located at 1509 W. Valley Blvd., for $1.37 million.
Retail
HOUSTON — Texas/Southwest Group has arranged a 10,391-square-foot restaurant lease in Houston. The tenant, Chuy’s Mexican Restaurant, will occupy space at 9350 Westheimer Dr. James Doyle and Mac Ruggles of Texas/Southwest Group represented the landlord, Baker Krehel Investments, R&K Ltd. Terms of the lease were not released.
BLOOMFIELD, N.J. —Zeytinia Fresh Made has opened at the BroadAcres office park, located in Bloomfield. The restaurant will occupy 1,727 square feet of space on the ground floor of 200 Broadacres Dr. It will feature dining inside and outside on an adjacent patio, as well as catering for tenants of the office park. BroadAcres is a 20-acre office park situated near the Garden State Parkway. It comprises 360,000 square feet of Class A office space in a park-like setting. It is owned by Prism Capital Partners.
MIAMI BEACH, FLA. — SIKON Construction Corp. of Deerfield Beach, Fla., will build a 28,000-square-foot Fresh Market store at 1800 West Ave. in Miami Beach. A two-level parking lot is planned to sit atop the store, which was designed by the architecture firm api(+). Completion is slated for January.
SAN ANTONIO — A new 100,000-square-foot Lowe’s Home Improvement Warehouse opened its doors last Friday in southeast San Antonio. According to the company press release, a store of this size represents an average investment in the community of approximately $12 million and creates up to 120 jobs. The store, which is located at 3302 Goliad Rd., will celebrate its official grand opening on Thursday.
WOODINVILLE, WASH. — Newmark Realty Capital Inc. has arranged a $43.75 million loan for the Downtown Woodinville Shopping Center in Woodinville. The 325,000-square-foot retail center is tenanted by Top Foods, a 12-screen Cineplex Odeon Theatre, PetSmart, Barnes & Noble, Eddie Bauer and Cost Plus. Michael Taylor of Newmark’s Seattle office secured the permanent financing through John Hancock Life Insurance Co. Newmark also worked with Seattle Mortgage and Glacier Real Estate Finance on this transaction.
NAPERVILLE, ILL. — Cribs to College Bedrooms, an infant and children’s furniture retailer, has opened a 47,652-square-foot store within the Heritage Square shopping center, which is located at the intersection of Route 59 and Aurora Avenue in Naperville. The shopping center’s owner, Centro Properties Group, was represented in-house by Brad Ratajczak in lease negotiations. Terms of the lease were not disclosed.
PHILADELPHIA, WAYNE AND HORSHAM, PA. — Jim Egan and Jeff Tertel of Grubb & Ellis’ Philadelphia office have completed the sale of a 4,000-square-foot retail building at 7145 Frankford Ave. in Philadelphia. Police and Fire Federal Credit Union purchased the facility from Bio-Medical Applications of Pennsylvania for an undisclosed price. Also in Philadelphia, Nobel Learning Communities renewed its lease for 12,429 square feet of office space located at 510 Walnut St. Egan and Tertel represented the lessee in the transaction. The space was leased from Broadway Penn Mutual Office Fee LP. In Wayne, Jim Dugan and John Perkins of Grubb & Ellis’ King of Prussia office and Craig Scheuerle, Jack Soloff and Matt Guerrieri of Grubb & Ellis’ Philadelphia office represented Essent US Holdings Inc. in lease negotiations at 201 King of Prussia Rd. The lessee leased 15,759 square feet of office space from Brandywine Realty Trust. In addition, Matt Devine of Grubb & Ellis’ King of Prussia office represented the Mentholatum Company in a lease extension in Horsham. The tenant extended its lease of 12,786 square feet of office space at 111 Rock Road in Horsham. The property was leased from Liberty Property Trust.
HURRICANE, UTAH — Bob Sanner and Rick Sanner of NAI BT Commercial represented both undisclosed parties in the sale and acquisition of a freestanding retail building, which is located at 1235 W. State St. in Hurricane. The 14,820-square-foot asset sold for $4.07 million or $275 per square foot. The property is fully occupied by Walgreens.
SAN FRANCISCO — Hybrid Design has purchased 584-590 Pacific Avenue, a 2,750-square-foot retail building in San Francisco. The property, which was formerly occupied by Café Prague, sold for $1.1 million. The buyer plans to retrofit and reconfigure the building before occupying it. Suzanne Gregg of Paragon Real Estate Group represented the buyer; Michael Gschwend of GVA Kidder Mathews represented the undisclosed seller.