GRAND PRAIRIE, TEXAS — Fort Worth, Texas-based Speed Fab-Crete has completed construction of a 17,000-square-foot retail outlet for SIX & Mango Co., a construction equipment sales and rental company. The new building is located at 4011 W. Interstate 30 in Grand Prairie; it replaces the retailer’s west Dallas location. The facility includes showroom space, a product display area, a parts department, sales and administrative offices, service work bays and a mezzanine for storage. The project was designed by Fort Worth-based Callahan & Freeman Architects.
SPRING, TEXAS — The Houston office of Stan Johnson Co. (SJC) has completed the sale of an approximately 1.9-acre ground lease, located at the northwest corner of Interstate 45 and Louetta Road in Spring, for $1.61 million. The property currently contains an 8,000-square-foot Cheddar’s Casual Café restaurant. SJC’s Daniel Herrold and Hunter Haggard represented the seller, Houston-based Louetta Towne Center Ltd. Jay Levelll of Charlotte, N.C.-based Berkeley Capital Advisors represented the buyer, a New York-based individual investor participating in a 1031 exchange.
WILSONVILLE, ORE. — Locally-owned Costa Pacific Communities, in partnership with Arbor Custom Homes and Riverstone Property Management, is opening the Villebois Sunday Market at Villebois Village Center in Wilsonville. The market will feature locally based vendors, including Unger Farms, Canby Asparagus Farm, Ken & June’s Hazelnuts, Oregon City, Ore.-based Alita’s Garden and Red Dragon Nursery. Additional vendors include The Village Waffle Baker, SweeTreats, Humdinger Kettle Korn, JGelati Italian Ice, Haagenson’s Catering & BBQ Ribslayer To Go, Ilona’s Bead Werk and Sophisticated Beads.
SANFORD, FLA. — Marcus & Millichap has brokered the sale of a property leased to Dunkin’ Donuts/Baskin Robbins between two undisclosed developers for $687,450. The property is located at 3768 S. Orlando Dr. in Sanford. Kevin Yaryan and Patrick Skinner of Marcus & Millichap’s Orlando, Fla., office represented the seller, and Michael Lombardi of the firm’s New Jersey office represented the buyer.
CHINO HILLS, CALIF. — SKT Investments has acquired Crossroads Marketplace, a 539,270-square-foot retail center located at the corner of Peyton Drive and State Route 71 in Chino Hills. The property sold for $79 million. Current tenants include PetSmart, Best Buy, Bed, Bath & Beyond, Steinmart, Sport Chalet and CVS/pharmacy. Philip Voorhees, Todd Goodman and Kirk Brummer of CB Richard Ellis represented the undisclosed seller in the transaction.
KANSAS CITY, KAN. — Best Buy has become the first tenant to open at Plaza at the Speedway, an 850,000-square-foot retail development located at 10500 Parallel Pkwy. in Kansas City. The 45,000-square-foot Best Buy will soon be joined by anchor Walmart Supercenter, which is also scheduled to open this year. The project is being leased by Kansas City, Mo.-based Block & Company Inc. Additional retail and restaurant tenants will be announced soon.
ARLINGTON HEIGHTS, ILL. — Rosemont, Ill.-based McShane Construction Co. has completed Esplanade at Arlington Heights, an 18,778-square-foot retail center located in Arlington Heights. The project is situated on 4 acres at 2920 W. Euclid Ave. The center contains spaces for 12 tenants; Starbucks Coffee is the first tenant to open and a Subway is expected to open soon. The project’s developer, Atlanta-based Atlantic Realty Partners, is in negotiations with a local pizzeria, a European grocer, a wine and spirits retailer, a professional services tenant, and a nail salon and spa. The project architect was HKM Architects + Planners.
DETROIT — CB Richard Ellis (CBRE) has brokered the sale of a two-building retail property, located at 3510 Woodward Ave. and 33 Eliot St. in Detroit. The 27,000-square-foot land parcel contains a 5,000-square-foot building that formerly housed an auto shop, as well as a two-story, 12,000-square-foot building. CBRE’s Myrna Burroughs and Dan McCleary represented the seller, The American National Red Cross. The buyer, Woodward Eliot LLC, acquired the properties for an undisclosed amount.
FLUSHING, N.Y. — BJ’s Wholesale Club and Applebee’s Neighborhood Grill & Bar have signed on for space at Muss Development’s Sky View Center, an 800,000-square-foot shopping center at Sky View Parc in Flushing. BJ’s Wholesale Club signed a 20-year lease for 121,000 square feet and Applebee’s is set to take 6,500 square feet. BJ’s is slated to open by November, while Applebee’s is slated to open spring 2010. The new leases bring Sky View Center’s commercial space to 70 percent occupancy. Sky View Center, which is located at College Point Boulevard and Roosevelt Avenue, features other national tenants such as Target, Best Buy, Marshall’s, Staples and Bed, Bath and Beyond. Ripco Real Estate Corp. handled both transactions on behalf of Muss Development.
NORTH ATTLEBORO, MASS. — The Lightstone Group, has completed three long-term lease renewals at Bernie's Cumberland Plaza in North Attleboro. Bernie's, New England's largest independent retailer of audio and video, appliances, furniture and more, renewed for 21,450 square feet; David's Bridal renewed for 11,700 square feet; and Unique Dental Care renewed its lease for a 5-year period. The new leases, totaling 38,350 square feet, constituted more than 60 percent of the entire shopping center. The 59,100-square-foot Bernie's Cumberland Plaza is located on Route 1 and includes other tenants such as Fedex Kinko's Office and Print Center, LA Boxing, and Newberry Comics. The facility is also shadow anchored by Lightstone Group’s the Christmas Tree Shops Plaza, a 100,000-square-foot shopping center that also houses Guitar Center and Namco.