DALLAS — Centro Properties Group has leased 4,231 square feet within Skillman Abrams, a shopping center located in Dallas, to Stone Elephant, a bar and grill. The space is situated at the intersection of Skillman Street and Abrams Road near East Northwest Highway. Marcia Minton provided in-house representation for Centro in lease negotiations. The tenant was represented by James Hartsough of Dallas-based Swearingon Real Estate. Terms of the lease were not released.
CHICAGO — Mid-America Real Estate Corp. has signed Aldi to a lease at 1840 North Clybourn in Chicago. Formerly occupied by Bombay Furniture and Leather Creation, the 16,600-square-foot space will be remodeled into a new format by Aldi, which is seeking to complement an existing store location 1 mile north on Clybourn. Paul Bryant and Dan Tausk of Mid-America negotiated the transaction on behalf of landlord, while Craig Lillibridge and Peter Graham of CB Richard Ellis represented Aldi. Existing tenants in the shopping center include Crate & Barrel, Trade Joe’s and J. Alexander.
HAMILTON AND GLOUCESTER TOWNSHIP, N.J. — Columbus, Ohio-based Stanbery Development is wrapping up construction for two New Jersey shopping centers. This month will mark the grand opening of The Shoppes at Hamilton, a 155,000-square-foot center located along Route 130 in Hamilton. In August, Stanbery will open The Shoppes at Cross Keys, a 121,087-square-foot center located at the intersection of Berlin-Cross Keys Road and the Atlantic City Expressway. Both shopping centers will feature locations from Ann Taylor Loft, Anytime Fitness, Banana Republic, Bensi Restaurant Italiano, Chico’s, Coldwater Creek, Gallery Direct, Jos. A. Bank, Justice – Just For Girls, Lane Bryant, New York & Co., Rack Room Shoes, Sleep Number, Spa San Marco and White House|Black Market. Once both properties are open, Stanbery will own six shopping centers in New Jersey.
HAWTHORNE, N.J. — Chatham, N.J.-based David Cronheim Mortgage Corp. has arranged $15 million in permanent financing for Hawthorne Discount Plaza, a retail property located in Hawthorne. The center comprises 110,285 square feet and is situated on 7.7 acres at 111 Wagarow Rd. It is anchored by Value Village; additional tenants include CVS/pharmacy, Dollar Tree, Ace Hardware, Payless Shoesource and Mandee’s. The loan carries a 10-year term and a 30-year amortization schedule. It was arranged by Cronheim’s Anna McGivaren and Andrew Stewart on behalf of the undisclosed borrower. The lender was also not released.
NORTH KINGSTOWN, R.I. — Grocer Dave’s Marketplace has held its grand opening at The Gateway at Quonset, a 72.5-acre mixed-use project located in North Kingstown. The locally based company will occupy approximately 25,000 square feet within the center. The opening of Dave’s Marketplace follows the recent openings of Lowe’s Home Improvement Warehouse, which opened at The Gateway at Quonset in January, as well as Kohl’s, which opened in October 2008. The Gateway at Quonset is a $144 million project that is being developed by New Boston Fund. It is situated at the entrance to Quonset Business Park and features an open-air retail center, restaurants, office space and a hotel.
CHANDLER, ARIZ. — Kevin Boeve and Lior Regenstreif of Marcus & Millichap represented the undisclosed seller and buyer in the disposition and acquisition of a 17,075-square-foot Wal-Mart Marketside grocery store in Chandler. Located at 950 N. McQueen Rd., the property sold for $5.4 million or $316 per square foot.
MIAMI — Orlando, Fla.-based Keene Construction Co. has broken ground on Brandon Structures of Orlando’s 67,931-square-foot Promenade at Silver Palm shopping center. The property is located at the intersection of S.W. 232nd Street and S.W. 112th Street in Miami. A 46,031-square-foot Publix will anchor the center, which is slated for delivery in November. Coral Gables, Fla.-based Alleguez Architecture designed the property.
BIRMINGHAM, ALA. — After obtaining approval from the state of Alabama and the Federal Reserve Bank of Atlanta, Birmingham-based Regions Financial Corp. has decided to open nine new branch locations. Southeast cities targeted for the expansion are Little Rock, Ark.; Destin and Pompano Beach, Fla.; Atlanta, East Point and Suwanee, Ga.; Ridgeland, Miss.; and Lenoir City, Tenn. Regions currently operates 1,900 branches in 16 states.
SILVER CITY, N.C. — David Ching of Marcus & Millichap’s Oakland, Calif., office has represented a California party in the sale of a Burger King to a New York-based firm for $1.13 million. The 2,686-square-foot property is located at 1712 E. 11th St. in Silver City. Matthew Fotis of the firm’s Brooklyn, N.Y., office represented the buyer.
HODGKINS, ILL. — Walmart has renewed and expanded its lease at Quarry Shopping Center, located at the intersection of Joliet and LaGrange roads in Hodgkins. The retailer will occupy an additional 80,543 square feet, bringing its total to 201,194 square feet. The retailer will remain open while the new space is under construction. Completion is scheduled for the fall. Richard Spinelli and Liz Krebs of Mid-America Asset Management negotiated the transaction on behalf of the landlord. Sandy Brooks of Premiere Consulting Group represented the tenant. In addition, Play N Trade and Dress Barn renewed their leases for 1,600 square feet and 7,500 square feet, respectively, within the center. Krebs represented the landlord in both transactions. Kyle Mayberry of Zifkin Realty & Development represented Play N Trade.