ORLANDO, FLA. — Orlando-based WindCrest Development Group will soon break ground on Aloma Walk Commercial Ventures’ 88,000-square-foot The Shoppes at Aloma Walk. Located at the intersection of Aloma Avenue and State Route 417 in Orlando, the complex will be anchored by a 46,000-square-foot Publix. Orlando-based Cuhaci & Peterson Architects provided design services. The property is expected to open next summer.
Retail
ORLANDO, FLA. — Brandon Kievit of Marcus & Millichap’s Orlando office has brokered the sale of a 23,622-square-foot retail property between two undisclosed parties for $2.35 million. The building is leased to Sunbelt Rental and includes 7.45 acres of land for future development. The property is located at 608 E. Landstreet Rd. in Orlando.
PANAMA CITY BEACH, FLA. — Tampa Bay, Fla.-based Hawkins Construction has completed Columbia Properties’ 99,200-square-foot Breakfast Point Marketplace shopping center. The property is located at the intersection of U.S. Highway 98 and Beckrich Road in Panama City Beach. Tenants include Publix and Office Depot.
ALBANY, GA. — Marcus & Millichap has brokered the sale of a 2,256-square-foot KFC store between two undisclosed parties for $1.04 million. Located at 1723 E. Oglethorpe Ave. in Albany, the property is surrounded by national fast food chains. John Glass of Marcus & Millichap’s San Francisco office represented the seller, and Ethan Pintard of the firm’s Oakland, Calif., office represented the buyer.
WARREN, MICH. — Southfield, Mich.-based Lee & Associates of Michigan has brokered the leasing of 13,500 square feet of retail space at Universal Shopping Center, located in Warren. The space will be occupied by Petco. Barry Landau of Lee & Associates represented the owner, Universal Mall Properties, in the transactions. Universal Shopping Center recently underwent a renovation.
FORT WAYNE, IND. — Dallas-based United Commercial Realty (UCR) has been selected to manage and lease Jefferson Pointe Shopping Center, located in Fort Wayne. Jefferson Pointe is a 545,000-square-foot lifestyle center. It is anchored by Von Maur, Rave Motion Pictures, Bed Bath & Beyond, and Barnes & Noble. Other tenants include Ann Taylor Loft, ULTA, Coldwater Creek, Old Navy, Chico’s, Eddie Bauer, Talbot’s and Williams-Sonoma. The property is owned by Skokie, Ill.-based Miller Capital Advisory. The property will be managed through UCR Asset Services, and it will be leased through UCR Urban — both of which are divisions within UCR.
TEWKSBURY, MASS. — NAI Hunneman has completed the $1.3 million sale of a 12,000-square-foot boutique retail building in Tewksbury. NAI Hunneman’s Carl Christie and Dan McGee represented seller, F&M Trust, and procured the buyer, 1487 Main Street Realty Trust. Located at 1487 Main St., the building was constructed in 1987 and contains four retail suites totaling 12,000 square feet.
WESTCHESTER COUNTY, N.Y. — Saks Fifth Avenue has signed a letter of intent to anchor Forest City Ratner Companies’ mixed-use development, Westchester's Ridge Hill. The anchor will occupy space on two floors encompassing 80,000 square feet. Currently under construction, Westchester's Ridge Hill will feature 1.2 million square feet of retail and entertainment space. Other tenants include Whole Foods, Banana Republic, L.L.Bean, Cinema De Lux, a multiplex cinema by National Amusements, and dozens of other local and national retailers and restaurants. The mixed-use project will also include approximately 150,000 square feet of office and research facilities. The residential component will comprise up to 1,000 apartments, of which 200 will be for over-55 active adults and 135 will be affordable units. The center is located between the New York State Thruway and Sprain Brook Parkway.
RICHMOND, TEXAS — Construction is complete for a new Kroger Marketplace at Waterside Marketplace, a shopping center located in Richmond that is owned by Jacksonville, Fla.-based Regency Centers. The new grocery and home goods store totals 123,000 square feet. It features Kroger’s normal grocery sections, along with a wine shop, a natural and organic foods section, a drive-thru pharmacy, a Fred Meyer jewelry store and a home furnishing section featuring Ashley brand furniture. The center will hold its formal opening in October. Once that occurs, it will be the largest Kroger Marketplace in the state. Waterside Marketplace is a 147,917-square-foot community shopping center located at the corner of Grand Parkway and Mason Road. It is currently 65 percent leased.
PHOENIX — Quik Trip Corp. has purchased a 1.63-acre land parcel, which is located at 5004 W. Lower Buckeye in Phoenix, for $1.26 million. The company plans to develop a gas station on the property, which is zoned A-1. Steve Parsons of Empire Commercial represented the buyer; Jeff Hays, Chad Neppl and Peter Batchelet represented the seller, Estenson Investments LLC, in the transaction.