DALLAS — Phoenix-based Opus West Corp. has signed its first five retail tenants for Broadstone Parkway, a 5.8-acre multi-use project located at the intersection of Inwood, Galleria and Simonton roads in Dallas. The new tenants include Hibashi, a 9,988-square-foot Teppan grill and sushi bar; Chill Bubble Tea, a 1,150-square-foot smoothie store; L’Image Salon, a 1,537-square-foot, full-service beauty salon; Firehouse Subs, a 2,000-square-foot sandwich shop; and Lover’s Egg Roll, a 2,000-square-foot Chinese restaurant. With the recent leases, the 39,000-square-foot retail and restaurant component of the project is approximately 50 percent leased. Developed by Opus in partnership with Alliance Communities, Broadstone Parkway features 333 luxury apartments and townhomes, along with the retail component and a five-story parking garage. The Weitzman Group is handling leasing efforts for the retail component of the project.
WASHINGTON, D.C. — Lowe Enterprises and the ownership group of the mixed-use project CityVista have sold the 116,083-square-foot retail portion of the property to Edens & Avant for an undisclosed amount. Located at the intersection of 5th and K streets in Washington, the retail component is anchored by a 55,000-square-foot Urban Lifestyle Safeway. Other tenants include Chevy Chase Bank, Results Gym and 5th Street Hardware. The $200 million CityVista development also includes 441 condominium units and 224 apartments. Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy & Pinkard Colliers represented CityVista’s owners.
HENRICO COUNTY, VA. — Kroger has recently signed a lease for 86,000 square feet in Archon Group’s 250,000-square-foot Corner at Short Pump. The retail development is located at the intersection of West Broad Street and Lauderdale Drive in Henrico County. Kroger is expected to open late next year. Thalhimer’s Lee Warfield and Connie Jordan Nielsen handled the lease negotiations.
ST. PETERS, MO. — Bruce Harris and Christopher Pollnow in the St. Louis office of Marcus & Millichap have brokered the sale of Walgreens Summit Point located at 499 Salt Lick Rd. in St. Peters. The 14,740-square-foot store is net leased to Walgreens. A regional developer sold the building to a private investor for $4.55 million. Kevin Turner in the Oakland, Calif., office of Marcus & Millichap represented the buyer in the transaction.
MILFORD, CONN. — Cohen and Co., Inc. Real Estate has arranged the sale of Milford Plaza Shopping Center, a 180,101-square-foot shopping center located at 155-213 Cherry St. in Milford. The property is anchored by ShopRite Supermarket and Bob’s Stores; additional tenants include UPS, Blockbuster Video and Payless Shoe Source. The property was 88 percent occupied at the time of closing, with three contiguous vacancies totaling approximately 28,000 square feet. Helen Putterman and Michael Cleeman of Cohen & Co. represented the seller, a Connecticut-based, family-owned developer, as well as the buyer, a New York City-based investment and acquisitions company. The sale price was not disclosed.
PEARLAND, TEXAS — Houston-based Greatland Investment has broken ground for the development of Shadow Creek Village, a 29,000-square-foot retail project located in Pearland within the Shadow Creek Ranch master-planned community. Situated on 3 acres at the corner of FM 518 and Kirby Drive near Pearland Town Center, Shadow Creek Village is seeking to attract fine dining restaurants, dry cleaners, salons/spas and other consumer service-related tenants. The project also contains a pad site for a bank. The $6 million project is scheduled for completion in February 2009. Greatland Investment is developing the project, with construction management services being provided by Houston-based EDWEA. It will be managed by CSL Leasing & Management.
BOISE, IDAHO — Wells Fargo has closed an approximately $37 million mini-permanent loan for Hawkins Companies for retail properties in Montana, Oregon, Arizona, Idaho and South Carolina. The portfolio of retail properties includes three Walgreens in Billings and Hamilton, Mont., and Warrenton, Ore.; two retail buildings totaling 42,122 square feet in Marana, Ariz.; a three-story, 80,535-square-foot office/retail building, which serves as Hawkins Companies’ headquarters in Boise Sportman’s Warehouse in Columbia, S.C. Susan Jones of Wells Fargo Middle Market Real Estate office in Boise handled the transaction.
CLOVER, S.C. — Lowe’s Home Improvement Warehouse will open a new store at 5288 Highway 557 in Clover on November 20. The 117,000-square-foot store will be complimented by a 40,000-square-foot garden center adjacent to the main building. The $18.5 million store is expected to employ 175 workers.
HIALEAH, FLA. — Orlando, Fla.-based Tilt-Con Corp. has completed a 108,392-square-foot Kohl’s at 700 W 49th St. in Hialeah. The two-story project was built under the company’s contract with Longwood, Fla.-based J. Raymond Construction Corp. Tulsa, Okla.-based Christopher B. Goble designed the project.
GRAND RAPIDS TOWNSHIP, MICH. — Von Maur will serve as the primary anchor within The Village of Orchard Hills development located at the corner of Three Mile Road and East Beltline Avenue in Grand Rapids Township. Birmingham, Mich.-based Robert B. Aikens & Associates is developing the 400,000-square-foot mixed-use lifestyle center. Von Maur will occupy 120,000 square feet at the center, and will use the location to enter the Western Michigan market. The Village of Orchard Hills will feature a mix of retail uses, as well as 156 residential condos. Construction is scheduled to begin on the project in early 2010, with completion scheduled for fall 2011.