FARMINGDALE, N.Y. — Massey Knakal Realty Services has brokered the sale of a 5,550-square-foot retail center, located at 968-976 Fulton St. in Farmingdale, for $800,000. The corner strip center contains five tenants with below-market rents. Massey Knakal’s Lev Kimyagarov represented the seller. Both parties were undisclosed.
Retail
NORTH ARLINGTON — Theron Bryant of SCM Real Estate Services has negotiated a 7,562-square-foot retail lease in North Arlington. Daired’s Salon leased the full floor space located at 915 Skyline Dr. The shop, which is slated to open in July, is situated directly across from Lincoln Square and is one block south of Interstate 30. Steve Chilton of Chilton Development Group represented the tenant, Daired Ogle, and Bryant represented the landlord in the transaction.
TALLAHASSEE, FLA. — Envision Credit Union has purchased a 3,500-square-foot KFC store from an undisclosed seller for $1.8 million. Located on 0.67 acres at 3519 Thomasville Rd. in Tallahassee, the property is adjacent to the site of a proposed Publix. The buyer is planning to convert the restaurant into a credit union branch. Ted Bollmann and Chris Marino of Tallahassee-based Sperry Van Ness|SouthLand Commercial represented the buyer.
WEST HARTFORD, CONN. — Winstanley Enterprises is set to begin construction on Elmwood Square in West Hartford. The retail/office development will feature 73,000 square feet of retail space. The project is located at 176 Newington Rd. Stop & Shop and Crazy Bruce’s Liquors have recently singed long-term leases for space at the retail center. Nicholas Morizio of Colliers Dow and Condon represented both parties in the lease transaction. The developer plans to begin construction in the fall and expects to spend $12 million on the demolition and clean-up of the former factory site. Completion is slated for 2010.
HOUSTON — Simply Fashions has opened a new 11,449-square-foot location at Huntington Village, a shopping center that is located at the intersection of Bissonnet Street and Dairy Ashford Road in Houston. Braxton Brockenbrough of The Houston office of The Weitzman Group represented the tenant in lease negotiations. Mike Parker provided in-house representation for the shopping center’s owner, Centro Properties Group. Terms of the lease were not disclosed.
SEATTLE, WASH. — Blake Rodgers, Daniel Swanson and Dino Christophilis of Marcus & Millichap’s Seattle office represented the undisclosed buyer in the acquisition of Crown Hill Retail in Seattle. Located at 8345 15th Ave. N.E., the 3,529-square-foot retail property sold for $2 million. The seller was not disclosed.
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.
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.