SOUTH EL MONTE, CALIF. — Primestor Development is developing the third phase of Plaza Del Sol, a retail center in South El Monte. Located at Durfee Avenue and Thienes Street, the 168,291-square-foot center will be anchored by a Marshall’s. The center will feature Santa Barbara-style architecture. Completion is slated for this winter.
MISSION VIEJO, CALIF. — Scott Hook of Marcus & Millichap’s Newport Beach, Calif., represented the undisclosed buyer in the acquisition of three single-tenant buildings that are pad sites to Trabuco Hills Shopping Center. The properties sold for $14.4 million or $594 per square foot. The sites are located at 27785, 27845 and 27865 Santa Margarita Pkwy in Mission Viejo. Walgreens, Ramona Tire and Claim Jumper currently occupy the buildings. The seller was not disclosed.
CLERMONT, FLA. — Deerfield Beach, Fla.-based SIKON Construction Corp. is eyeing a May completion of a 110,000-square-foot BJ’s Wholesale Club in Clermont. The property is located at 2577 S. Highway 27. Syracuse, N.Y.-based Dalpos Architects designed the store.
JACKSONVILLE, FLA. — The Jamie Johnston Trust has sold a nine-unit, 10,000-square-foot shopping center to MGML for $1.1 million. The center is located at 6043 and 6055 St. Augustine Rd. in Jacksonville. The property, which has space for one tenant, has housed La Tienda Jewelry & Pawn and Hollis Barber Shop for more than 35 years. Henry Rogers of Coldwell Banker Commercial Benchmark’s Jacksonville office represented the seller, and the firm’s James Rose represented the buyer.
WYNCOTE, PA. — New York City-based Nassimi Realty has completed East Cedarbrook Plaza, an outlot expansion of Cedarbrook Plaza shopping center in Wyncote. The final component of the expansion, a 30,000-square-foot Ross Dress For Less, held its grand opening last week. The new location marks the 26th store for the apparel retailer in the greater Philadelphia market. Other tenants at East Cedarbrook Plaza include Old Country Buffet, Joyce Leslie, K&G Superstore, Payless Shoesouce, Cold Stone Creamery and Sprint Wireless. Cedarbrook Plaza is a 600,000-square-foot retail center located at the intersection of Cheltenham Avenue and Easton Road. It is anchored by Walmart, Pathmark and Toys ‘R Us.
YORK, PA. — Convenience store chain Sheetz has acquired a 2.44-acre land parcel located at the intersection of East Market Street and Stonewood Road in Springettsbury Township, York, for the construction of a new convenience store. Locally based ROCK Commercial Real Estate represented the undisclosed seller in the land transaction. The acquisition price also was not released. Sheetz currently operates more than 350 convenience store locations in six states.
DALLAS — Inland Western Retail Real Estate Trust has secured a $13.97 million loan for its 179,959-square-foot Preston Trail Village shopping center, located at 17194 Preston Rd. in Dallas. The Kroger-anchored center is 90.3 percent occupied by tenants including Bank of America, Dunkin’ Donuts and Hallmark Showcase. American Bank of Texas provided financing for the 3-year, fixed-rate loan. Kevin MacKenzie and Trey Morsbach of Holliday Fenoglio Fowler’s Dallas office arranged the loan.
CHICAGO — Mid-America Real Estate Corp. has arranged the sale of a 7,000-square-foot restaurant and bar located in Chicago’s Lincoln Park neighborhood. The building, which formerly housed Ranalli’s Restaurant & Beer Garden, was acquired by locally based 1925 North Lincoln LLC for an undisclosed amount. The buyer plans to open a new restaurant and bar in the space by May. Mid-America’s Luke Molloy represented the seller, Chicago-based Park West Properties. The buyer utilized in-house representation. The acquisition price was not disclosed.
LANCASTER, CALIF. — Los Angeles-based Investment Real Estate Associates (IREA) has completed the sale of a Del Taco restaurant location in Lancaster. Innovative Property Partners LLC sold the property to an undisclosed buyer for $2.25 million. Located at 1751 E. Ave., the property offers 2,547 square feet of space. Warren Berzack of IREA represented the buyer; Matthew Mousavi and Dennis Vaccaro of Faris Lee Investments represented the seller in the transaction.
FORT LAUDERDALE, FLA. — Fort Lauderdale-based Miller Construction Co. has begun an interior and exterior renovation of the 35,000-square-foot Imperial Point Shopping Center. Located at the intersection of Federal Highway and Cypress Creek Road in Fort Lauderdale, the center will receive new mechanical, electrical and plumbing systems. Exterior upgrades include new paint and extending the existing covered walkways. The center, owned by A.M. Davis Mercantile Co., was formerly occupied by Publix. Bruegger’s Bagels recently signed a 2,000-square-foot lease for space in the property.