ANAHEIM HILLS, CALIF. — Lin Investments has purchased a 71,720-square-foot neighborhood shopping center in Anaheim Hills. Located at 408-490 Anaheim Hills Rd., the property is anchored by CVS/pharmacy. The sales price was not released. Edward Hanley and Jeremy McChesney of Hanley Investment Group Real Estate Advisors represented the buyer and the undisclosed seller in the deal.
NEW YORK CITY — Grimaldi’s, a brick-oven pizzeria, is opening its first location in Manhattan, New York City. The new restaurant will be located at the Rockrose Development Corp.-owned 135 John Street. Construction for the new 5,500-square-foot store is slated to begin this month with an opening set for the end of the year. The space will comprise three floors, a cellar and rooftop dining. The project is being designed by architect Julio Leder-Luis of Leder-Luis Building Designs. One of the unique elements Leder-Luis will be implementing is a glass-front elevator that will go from the street to the roof-top dining area. The space is being leased for a 15-year term with a 5-year option. Winick Realty Group brokered the Manhattan deal. Grimaldi’s also plans to open another location next to 200 Water Street, a 32-story residential rental building also owned by Rockrose. Currently with locations in Brooklyn, Queens, Garden City (Long Island), Hoboken and throughout the Southwest, the Manhattan restaurant will be the 16th Grimaldi’s to open nationwide.
LOUDOUN COUNTY, VA. — Gaithersburg, Md.-based Hubert Construction has begun building the 50,000-square-foot Brambleton Fitness Center. The property is located in the Brambleton Town Center mixed-use community in Loudoun County. Features of the development include basketball courts, a lounge, indoor and outdoor swimming pools, aerobics rooms and 8,000 square feet of office and retail space.
WHITEHALL, MICH. — LCL Development has acquired a 21,938-square-foot former Ford dealership facility, which is located at 3001 Colby Rd. in Whitehall. Whitehall Real Estate sold the property for $1.1 million. The buyer plans to develop a Save-A-Lot store on the property. Dave Kwekel of Kwekel Cos. represented the buyer; David Denton of Grubb & Ellis|Paramount Commerce’s Grand Rapids, Mich., office represented the seller in the transaction.
LEVITTOWN, N.Y. — Garden City, N.Y.-based Breslin Realty Development Corp. is nearing completion for the construction of a new HSBC bank branch, located at 3130 Hempstead Turnpike in Levittown. Construction consisted of razing a 10,500-square-foot building located on the property and replacing it with the 4,000-square-foot bank. The new HSBC is across the street from another project Breslin completed, in which a former Sunoco gas station was demolished to make way for a new Walgreens pharmacy.
SAN ANTONIO — An affiliate of Trammell Crow Co. has disposed of Crossroads Mall, a 742,000-square-foot shopping center located in San Antonio. Situated on 36.5 acres at 422 Fredericksburg Rd., the property is anchored by Burlington Coat Factory, Hobby Lobby, Stein Mart and Jo-Ann Fabrics. The buyer, a group of San Antonio and Houston investors, has begun a remarketing and rebranding effort for the property. Rusty Tamlyn and Doug Hazelbaker of Holliday Fenoglio Fowler represented the seller in the transaction. The sale price was not disclosed.
ROSEVILLE, CALIF. — Ichord Family Merced Ranch has acquired a fully leased retail building, which is located at 10050 Fairway Dr. in Roseville, for $3.6 million. Tenants at the 7,270-square-foot property include Kragen Auto Parts (CSK Auto/O’Reilly Automotive) and Larry’s Comfort Shoes. The seller was Larry’s Comfort Shoes Fairway Creek. Ed Benoit and Robert King of TRI Commercial/CORFAC International represented both parties in the transaction.
ST. PETERSBURG, FLA. — Tampa Bay, Fla.-based Hawkins Construction has completed the Shoppes at the Royale, an $11 million, 91,000-square-foot center in St. Petersburg. Located within the Tyrone Shopping District on 66th Street North, the center is anchored by Publix, with additional tenants such as Rib City Grill, Jimmy John`s Gourmet Sandwiches, Massage Envy, Five Guys Burgers and Fries and Chipotle Mexican Grill.
SANFORD, FLA. — Florida-based Thomas D. Wood and Co. has secured approximately $1.9 million in financing for Sanford Towne Square in Sanford. The loan was financed at an interest rate of 7.375 percent, with a fully amortizing 10-year term and loan-to-value of 37 percent. The 88,905-square-foot retail center is located at 1500 South French Avenue and is anchored by Winn-Dixie.
HOLLYWOOD, FLA. — NAI Rauch Weaver Norfleet Kurtz & Co. has sold two adjacent properties, totaling 6,600 square feet, at 6611 Moseley St. and 1900 NW 66th Ave. in Hollywood. Formerly Children’s Castle, the properties were sold on behalf of the New York-based lender Business Loan Center. The buyer was North Miami-based Inter Invest Properties, and the price was not disclosed. NAI’s Bill McConnell negotiated the sale.