PHOENIX — Kraus-Anderson® Construction Co. is nearing completion on a new Tutor Time childcare learning center on behalf of Boca Ratio, Fla.,-based Tutor Time Child Care Network. The 25,587-square-foot center is located at 9th Street and Bell Road in Phoenix. The project owner is Phoenix-based PDG American Shopping Center; the architect is Phoenix-based Bollinger & Carderas.
Retail
NEW JERSEY — Fameco Real Estate has represented Denver-based Chipotle Mexican Grill in its expansion efforts into New Jersey. The fast-casual Mexican restaurant recently opened three new locations in Paramus, East Hanover and Wayne. It also has two restaurants currently under construction in Eatontown and West Caldwell. Fameco originally represented Chipotle in its expansion into the Philadelphia market, and was asked to represent the restaurant in its New Jersey expansion, as well. Chipotle currently operates more than 800 restaurants nationwide.
PLANTATION, FLA. — Orlando, Fla.-based Tilt-Con Corp. has broken ground on a 105,750-square-foot Kohl’s department store in Plantation. The two-story building, which is being constructed to achieve LEED certification, is located at 801 S. University Dr. Longwood, Fla.-based J. Raymond Construction is leading the project, and Cleveland-based Richard L. Bowen + Associates designed the building. Delivery is set for March.
TUPELO, MISS. — A private investor has purchased a 19,000-square-foot Tractor Supply Co. store from an undisclosed seller for $2.28 million. The property spans 2.68 acres at 850 Symphony Lane in Tupelo. Tulsa, Okla.-based Stan Johnson Co.’s Jerry Hopkins and Ken Hedrick represented the buyer. Nashville, Tenn.-based Calton Realty Advisors’ Bob Calton represented the seller.
WHITE LAKE TOWNSHIP, MICH. — Marshalls has been announced as the newest anchor tenant at The Village Lakes Plaza, a 180,000-square-foot shopping center located in White Lake Township. The apparel retailer will open a 28,000-square-foot location that will feature Shoe MegaShop, the company’s 5,000-square-foot shoe department concept, as well as The Cube, a boutique with styles for young women. Marshalls will join a roster of retail tenants that includes a 104,000-square-foot JCPenney, Famous Footwear, Bigby Coffee, AAA, Verizon Experience Store and Sally Beauty Supply. Highland House Café and Randolph’s Salon are expected to open locations this summer. The Village Lakes Plaza is the retail component of The Village Lakes, a 28-acre mixed-use project located at Elizabeth Lake and Highland roads. It is being developed by a joint venture between Farmington Hills, Mich.-based Gershenson Realty & investment and Troy, Mich.-based KIRCO. Ownership was represented by Tony Schmitt and Gabe Schuchman of LaKritz-Weber & Co. in lease negotiations.
CHICAGO — Chicago-based First Western Properties has completed six leases at Stony Island Plaza, a newly constructed retail center located at the intersection of 81st Street and Stony Island Avenue in Chicago. Eugene Bryant Interior Design and US Cellular have each leased 1,200 square feet at the property. AFLAC Friends & Family Insurance, Thomas Gary Art Studio, Crown & Glory Spa and an emergency services company have each taken 800 square feet at the center. The transactions were negotiated by Paul Tsakiris and Fahim Lakhani of First Western. Approximately 2,500 square feet of space is still available at the newly constructed Stony Island Plaza. Terms of the leases were not disclosed.
FORT WORTH, TEXAS — A 24,340-square-foot Goody Goody Liquor store recently opened at Ridglea Plaza, Centro Properties Group’s retail center located south of Interstate 30 on the southwest corner of Camp Bowie Boulevard in Fort Worth. Ron Patton of Dallas-based Patton Interests represented the tenant in the transaction. Mike Watson with New York-based Centro Properties Group represented the owner.
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.