Retail

NOVAK COMPLETES TWO JEWEL-OSCO RENOVATIONS

by admin May 30, 2009

WAUKEGAN AND CHICAGO, ILL. —Chicago-based Novak Construction has completed renovations for two Chicagoland Jewel-Osco grocery stores. The first store is located in the suburb of Waukegan and the second is located on Stoney Island Drive in Chicago. Construction at both locations included new electrical, mechanical and refrigeration systems; new flooring; and new wall finishes, décor, fixtures and display cases. The owner of both locations is Itasca, Ill.-based Supervalu; the architect was Des Plaines, Ill.-based Camburas & Theodore Ltd.

May 30, 2009

SUNTRUST BANK BRANCH GETS FACELIFT

by admin May 29, 2009

FORT MYERS, FLA. — Fort Myers-based J.L. Wallace has renovated the 4,081-square-foot SunTrust Bank branch at 4415 Metro Parkway in Fort Myers. The project consisted of installing new ceilings, flooring and lighting. Robert Reid Wedding Architects and Planners provided design services.

May 29, 2009

Midwest Retail

SACHSE NEARING COMPLETION FOR MOVIE THEATER

by admin May 29, 2009

WOODHAVEN, MICH. — Birmingham, Mich.-based Sachse Construction is nearing completion for Emagine Woodhaven, a 10-screen movie theater located in Woodhaven. The $6 million project consists of a 41,000-square-foot structure situated on 7 acres at 21800 Wildflower Blvd. Upon completion next month, the theater will include stadium seating and digital projection and sound technology. Sachse is constructing the project on behalf of Emagine Entertainment, which operates three additional theaters in Michigan.

May 29, 2009

Northeast Retail

METRO COMMERCIAL NEGOTIATES MULTIPLE LEASES FOR PETSMART

by admin May 29, 2009

CONN., N.J., PA., AND MASS. — Metro Commercial represented PetSmart in securing multiple leases throughout the Northeast. In Connecticut, Metro Commercial closed an 18,500-square-foot lease at North Haven Crossing in North Haven, a 28,500-square-foot lease at Putnam Bridge Plaza in Glastonbury, and a 17,800-square-foot lease at Brookside Plaza in Enfield. In New Jersey, Metro Commercial secured a 26,700-square-foot lease on Route 70 in Marlton and a 26,000-square-foot lease at Brick Plaza in Brick. In Pennsylvania, Metro negotiated an 18,000-square-foot lease at Monroe Retail Center in Selinsgrove. And finally, in Massachusetts, Metro Commercial completed a 28,000-square-foot lease at the Pacer Building in Woburn. Metro Commercial also secured three leases in Virginia, and two leases in Canada for the retailer. Metro Commercial’s Tom Londres represented PetSmart in the transactions.

May 29, 2009

Northeast Restaurant

SONIC OPENS AT LEVITTOWN TOWN CENTER

by admin May 29, 2009

LEVITTOWN, PA. — Sonic, the largest drive-in restaurant chain in America, officially opened for business at Levittown Town Center in Levittown. The restaurants 5,000-square-foot stand-alone store joins other retailers such as Home Depot, Wachovia, and Taco Bell at the 468,675-square-foot retail center. Owned by DLC Management Corp., the center is approximately 85 percent leased. Additional retailers opening this summer include Wal-Mart Supercenter, Ross Dress for Less, Advance Auto Parts, Famous Footwear, Dollar Tree, Deb Shops, GameStop, Sally Beauty, CiCi’s Pizza and many more. Levittown Town Center is slated for completion this summer.

May 29, 2009

Retail Texas

NAI CRAVEY BROKERS SALE OF FORMER FURNITURE ROW BUILDING

by admin May 29, 2009

CORPUS CHRISTI, TEXAS — Corpus Christi-based NAI Cravey Real Estate Services has brokered the sale of the former Furniture Row USA building, located at 5042 South Padre Island Dr. in Corpus Christi. The property consists of an approximately 20,000-square-foot building situated on 1.2 acres. The building was purchased by The Salvation Army, which plans to use it as a retail store. NAI’s Lynann Pinkham represented the seller, Furniture Row USA. The sale price was not disclosed.

May 29, 2009

Retail Western

BIXBY CENTER TRADES HANDS FOR $6 MILLION

by admin May 29, 2009

LONG BEACH, CALIF. — Bret King and Kirk Garabedian of Marcus & Millichap’s Long Beach office represented the undisclosed seller in the disposition of Bixby Center, a 20,740-square-foot retail center in Long Beach. Located at 4215 Atlantic Ave., the property sold for $6.05 million. The buyer was not disclosed.

May 29, 2009

Retail Southeast

TRUSTCO BANK LOCATION PURCHASED BY FLORIDA LLC

by admin May 28, 2009

BRADENTON, FLA. — A 3,840-square-foot property net-leased to Trustco Bank has changed hands between two undisclosed Florida-based LLCs for $985,000. The property is located at 5858 Cortez Rd. West in Bradenton. John Hines of Marcus & Millichap’s Orlando, Fla., office brokered the sale.

May 28, 2009

Midwest Retail

OLD NATIONAL BANK BUILDING SELLS FOR $3.4 MILLION

by admin May 28, 2009

HARRISBURG, ILL. — Los Angeles-based Investment Real Estate Associates (IREA) has arranged the sale of the Old National Bank building, located in Harrisburg, for $3.4 million. The 17,800-square-foot building is situated at Two E. Locust St. and was constructed in 1996. Chris Thompson of IREA represented the tenant-in-common buyers, AAY Arby’s LLC and ACT National 26 LLC. John Glass of Marcus & Millichap represented the seller, ONB Site 26 Landlord LLC.

May 28, 2009

Retail Texas

MARCUS & MILLICHAP BROKERS SALE OF DRY CLEANERS

by admin May 28, 2009

HOUSTON — Marcus & Millichap has brokered the sale of a 3,000-square-foot retail property located in Houston. The property, currently net leased to Green Planet Cleaners, is situated on 15,000 square feet of land at 16515 Longenbaugh Dr. It was constructed in 2003. Josh Lass-Sughrue of Marcus & Millichap’s Houston office represented the seller, a private investor. The buyer, a locally based private investor, was represented by Stephen Sauter of Marcus & Millichap’s Palo Alto, Calif., office. The acquisition price was not released but the property listed for $340,000.

May 28, 2009

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