BROOMFIELD, COLO.. — Regency Centers is set to open Shops at Quail Creek, a 137,429-square-foot shopping center located at West 136th Avenue and Zuni Street in Broomfield. The center will be anchored by a 100,000-square-foot King Soopers grocery store. Additional tenants will include Quail Creek Wine and Spirits, Corona’s Mexican Grill, Dental One and FirstBank.
MARTINSBURG, W. VA. — Forty Thirty Five has purchased an Advance Auto Parts store from an undisclosed seller for $1.58 million. The store is located at 1392 Edwin Miller Blvd. in Martinsburg. Advance Auto Parts has 12 years remaining on its NNN lease. The buyer sold an apartment complex in Center City to create the 1031 exchange. Mark Taylor and Dean Zang of Marcus & Millichap’s Philadelphia office and Kenneth Wellar of the firm’s Encino, Calif., office represented the buyer. Milco Investments represented the seller.
JANESVILLE, WIS. — Lee & Associates has negotiated a 30,431-square-foot lease for Slumberland Furniture at the intersection of highways 14 and 26 in Janesville. The Little Canada, Minn.-based furniture retailer will occupy the space formerly leased to Walmart. The lease features a 10-year term and totals $2.5 million. Steven Doran of Leed & Associates represented the tenant. The landlord is Northbrook, Ill.-based D&B Development.
15,200-SQUARE-FOOT SELF-STORAGE FACILITY FETCHES $1.2 MILLION OCEAN SHORES, WASH. — Joel Deis, Michael Morgan and Christopher Secreto of Marcus & Millichap represented the seller in the disposition of Exact Self-Storage, a 15,200-square-foot self-storage facility in Ocean Shores. Located at 943 Point Brown Ave. S., the 73-unit property sold for $1.2 million.
CHICAGO — Joseph Freed & Associates has announced five new tenants for the Block 37 retail project currently under development on State Street in Chicago. Locally based clothier Bigsby & Kruthers will open a 9,000-square-foot location on the project’s second floor. Mediterranean fast-casual restaurant Tahini will open a 1,500-square-foot restaurant on the Transit Level. Frozen yogurt and kefir shop Starfruit Café, which is owned by Morton Grove, Ill.-based Lifeway Foods, also will open a 700-square-foot location on the Transit Level. Sunglass Hut will open a 1,000-square-foot location on Level One. Finally, Swarvoski, a crystal maker, will open a 900-square-foot location on Level One. They will join a tenant roster that already includes Muvico, Lettuce Entertain You, PUMA, Zara, Anthropologie, and a new salon and store from Aveda. Tenant move-in dates were not released.
CINCINNATI — Little Caesars Pizza has signed a lease for 2,000 square feet at Hyde Park Plaza, a 396,810-square-foot shopping center located at 3760-3880 Paxton Rd. in Cincinnati. Once it opens in June, the pizza chain will join a tenant roster that includes a 99,675-square-foot Kroger, as well as Great Clips, H&R Block, Massage Envy, Starbucks Coffee, Staples, ACE Hardware, Walgreens, Michaels, PNC Bank and National City Bank. The center is owned and operated by Jacksonville, Fla.-based Regency Centers.
SAN MARCOS AND LEAGUE CITY, TEXAS — Dallas-based Dunhill Partners has disposed of San Mar Plaza, a 185,092-square-foot community shopping center located in San Marcos. The property was 100 percent occupied at the time of closing by a tenant roster that is anchored by Hobby Lobby, Tractor Supply and Hastings Entertainment. Additional tenants include Dollar General, Payless ShoeSource and Verizon Wireless. The property was acquired by San Francisco-based Ratel Value Fund I. In addition, Dunhill Partners has acquired South Shore Marketplace, a 32,013-square-foot community shopping center located in League City. Tenants at the property include Subway, AT&T, Century 21 and Chase Bank. The center is shadow-anchored by a Kroger. The seller was Jacksonville, Fla.-based Regency Centers. The acquisition prices in both transactions were undisclosed.
MISSION VIEJO, CALIF. — Trabuco Hills Pads LLC has acquired a 24,250-square-foot portion of Trabuco Hills Shopping Center, which is located on Santa Margarita Parkway in Mission Viejo. The $14.4 million sale included Walgreens, Claim Jumper and Ramona Tire, which are located at 27785, 27845 and 27865 Santa Margarita Parkway, respectively. Dennis Vaccaro and Richard Walter of Faris Lee Investments represented the seller, Pacific Castle Props I LLC, in the transaction.
FORT LAUDERDALE, FLA. — As part of a restructuring plan, Fort Lauderdale-based Muvico Theaters has sold four theaters to Plano, Texas-based Cinemark USA for an undisclosed amount. The cinemas include Muvico Palace 20 in Boca Raton, Fla.; Muvico Boynton 14 in Boynton Beach, Fla.; Muvico Paradise 24 in Davie, Fla.; and Muvico Egyptian in Hanover, Md. Cinemark will rebrand the properties. The restructuring also includes owner Jospeh Amaturo’s decision to increase his investment in the company by an undisclosed amount. Using the capital from the sale and Amaturo’s investment, Muvico will upgrade its existing 10 facilities, adding amenities like interactive gaming and dining options. The company will also soon start constructing new properties in Fredericksburg, Va., and Coconut Grove, Fla.
MEMPHIS, TENN. — Northwest and Southern Self Storage Partnership has purchased a two-property self storage portfolio totaling 101,650 square feet from an undisclosed seller for $2.44 million. Northwest Self Storage and Southern Self Storage are located in Memphis. Michael Mele of Marcus & Millichap’s Tampa, Fla., office and Anne Williams of the firm’s Memphis office brokered the sale.
