Retail

INLAND REAL ESTATE ARRANGES TWO SHOPPING CENTER SALES

by admin April 21, 2009

CHICAGO — The Oak Brook, Ill., office of Inland Real Estate Brokerage has negotiated the sale of two shopping centers in Chicago for more than $5.8 million. Inland’s Richard Kehoe represented a local investor in the disposition of the property to an independent investment group. Located in West Rogers Park, Howard and Western Plaza comprises 11,974 square feet of retail space. Tenants include Starbucks Coffee, Family Dollar and Subway. Wisner Milwaukee Plaza is a 14,677-square-foot center located at 2847-2865 North Milwaukee Ave. in Logan Square. Tenants include Harris Bank, T-Mobile, Giordano’s and Subway.

April 21, 2009

W.E. O’NEIL CONSTRUCTION COMPLETES IMPROVEMENTS FOR CRUISE TERMINAL

by admin April 21, 2009

LONG BEACH, CALIF. — W.E. O’Neil Construction has completed improvements to passenger waiting areas and a VIP passenger lounge at the Carnival Cruise Terminal in Long Beach. The improvements allow the terminal to accommodate Carnival’s new 3,000-person cruise ship, Splendor. Designed by Teltra Design, the project involved the demolition of all existing interior and exterior finishes on the baggage and restroom building, installation of footing and column supports for overhead canopies and the build out of a new 15-foot long custom transaction counter. Additional work included new stucco, concrete, steel and sheet metal finishes, roof, HVAC system and surrounding landscape.

April 21, 2009

Restaurant Texas

MARCUS & MILLICHAP BROKERS SALE OF BURGER KING

by admin April 21, 2009

HOUSTON — Marcus & Millichap has brokered the sale of a 3,390-square-foot, freestanding Burger King located in Houston. The property, which was built in 1990, is situated on 1.24 acres at 7801 Highway 6 North. Ed Benton and Monte Lowery of Marcus & Millichap’s Houston office represented the seller, a limited liability company. The buyer, a California-based private investor, was represented by Stephen Sauter of Marcus & Millichap’s Palo Alto, Calif., office. The acquisition price was not disclosed.

April 21, 2009

Restaurant Texas

FIVE GUYS TO OPEN THREE NEW RESTAURANTS

by admin April 21, 2009

HARKER HEIGHTS, AUSTIN AND SAN ANTONIO, TEXAS — Five Guys Burgers & Fries has signed leases for three new restaurants in Texas. The locations consists of a 2,605-square-foot space within Market Heights Shopping Center in Harker Heights; a 2,497-square-foot restaurant located at 3208 Guadalupe in Austin; and a 2,208-square-foot location within Quarry Village Shopping Center in San Antonio. All three restaurants are scheduled to open this summer. Mike Minicucci, Robert O’Farrell, and Todd Wallace of SRS Real Estate Partners represented Five Guys in lease negotiations. Jennifer Hargis of Reata represented the landlord of Quarry Village and Megan Kneipp of Direct Development represented the landlord of Market Heights. Terms of the leases were not disclosed.

April 21, 2009

Retail Southeast

SALVATION ARMY FAMILY STORE OPENS AT ROANOKE LANDING

by admin April 20, 2009

WILLIAMSTON, N.C. — The Salvation Army has opened a Salvation Army Family Store in Williamston. The 3,200-square-foot facility is located at Roanoke Landing, which is a shopping center situated on the northeast corner of east Boulevard and Park Street. Pam Harrelson of Centro Properties Group provided in-house representation for the landlord, Centro Properties Group, in the transaction.

April 20, 2009

Retail Western

SHORE HOUSE CAF SELLS FOR $1.8 MILLION

by admin April 20, 2009

HUNTINGTON BEACH, CALIF. — Phil Voorhees, Patrick Toomey and Megan Read of CB Richard Ellis represented the sellers, David and Diana Bonadonna, in the disposition of Shore House Café, a 5,690-square-foot restaurant located at 520 Main St. in Huntington Beach. The property sold to a private investor for $1.8 million. The buyer plans to continue restaurant operations on the site as an owner/user after an extensive renovation.

April 20, 2009

Retail Southeast

TWO SELF-STORAGE FACILITIES OPEN

by admin April 18, 2009

NORTH PORT, FLA. — Patriot Self-Storage and Passco Companies Development are opening two Class A self-storage facilities in North Port. The three-story, climate-controlled properties are located at 2245 Bobcat Trail Center Rd. and 6029 Talon Bay Dr. The companies acquired the two development parcels for approximately $7 million and began construction on the combined 200,000-square-foot facilities in June 2008.

April 18, 2009

Northeast Retail

IRONWOOD PROPERTY GROUP PURCHASES LAND FOR TILDEN RIDGE

by admin April 17, 2009

TILDEN, PA. — Ironwood Property Group has purchased 63 acres of land in Tilden for the construction of Tilden Ridge, a 400,000-square-foot regional shopping center. Slated for a fall 2010 opening, the center will feature a 152,000-square-foot Wal-Mart, a 156,000-square-foot Lowe’s Home Improvement Store, 60,000 square feet of inline retail and five free-standing parcels. The site is situated at the intersection of Route 61 and 78. Glenn Marvin of Metro Commercial Real Estate is handling the leasing for the center.

April 17, 2009

Northeast Retail

BARNEYS NEW YORK CO-OP OPENS AT 10 RITTENHOUSE SQUARE

by admin April 17, 2009

PHILADELPHIA — Barneys New York CO-OP has opened its first Philadelphia location at 10 Rittenhouse Square. The retailer will showcase its wares in a nearly 10,000-square-foot space. Located at 1811-1813 Walnut Street, 10 Rittenhouse Square is a 33-story, 140 unit luxury condominium building.

April 17, 2009

Retail Western

22-ACRE MOUNTAIN RANCH MARKETPLACE UNDERWAY

by admin April 17, 2009

GOODYEAR, ARIZ. — Kitchell Development and Newland Communities have partnered to develop Mountain Ranch Marketplace, a 22-acre shopping center located at the entrance to the master-planned Estrella community in Goodyear. The 109,000-square-foot first phase is currently under construction. The center will be anchored by a 49,343-square-foot Bashas’ Supermarket, which is slated to open in November. Other signed tenants include Mini-Skool Early Learning Centers, Chase, Walgreens, Papa John’s, Great Clips, The UPS Store, Estrella Family Cosmetic Dentistry and Nails of the World. Designed by Butler Design Group in a cottage-bungalow style, the center will offer 165,000 square feet of grocery and retail space when completed.

April 17, 2009

Newer Posts

Older Posts