DUBLIN, GA. — Mac McCall of Marcus & Millichap’s Atlanta office represented both parties in East Dublin Associates’ sale of the 35,794-square-foot Market Square Shopping Center in Dublin to Georgia-based Sea 103, LLC, for $1.15 million. The center, which is anchored by Southern Family Markets, has 6,000 square feet of vacant space.
CINCINNATI — New York-based DLC Management Corp. has acquired the 133,631-square-foot Skytop Pavilion located at Beechmont Ave. S R-125 in Cincinnati. The retail center is anchored by Bigg’s Supermarket, which occupies more than 50 percent of the development. Skytop Pavilion is the only grocery-anchored shopping center in the immediate trade area, which has a 3-mile radius population of more than 48,000. The acquisition price and the seller were not disclosed.
COLUMBUS, OHIO — Nationwide Realty Investors has announced that The Big Bang Rock and Roll Piano Bar will open a 6,000-square-foot location within the $750 million Arena District in downtown Columbus. The bar will feature nightly shows performed by two entertainers facing off on grand pianos. Located at 401 North Front St., The Big Bang will be open this fall. Nationwide Realty Investors is developing the 75-acre mixed-use development, which includes more than 1.5 million square feet of office, restaurants, entertainment and residential use.
GOODYEAR, ARIZ. — Nelson Brothers Professional Real Estate LLC (Nelson Bros.) has closed on its first tenant-in-common investors transaction. The company has acquired Palm Valley La Piazza Retail Center, which is located in Goodyear, for $6.8 million. Situated on a 4.88-acre site, the 30,5000-square-foot property was built in 2004. The seller was not disclosed.
LAKE ELSINORE AND MONTCLAIR, CALIF. — Faris Lee Investments has brokered two retail property sales in the Inland Empire of Southern California for a total consideration of more than $12 million. In the first transaction, Dana Point, Calif.-based Eletreby Enterprises Inc. acquired a freestanding Rite Aid drug store for $7.61 million in a pre-sale transaction. Located at 16491 Lakeshore Dr. in Lake Elsinore, the 17,272-square-foot property includes a drive-thru. The property offered the buyer a 20-year triple-net lease with Rite Aid. CB Richard Ellis represented the buyer; Jeff Conover of Faris Lee represented the seller/developer, Newport Beach, Calif.-based Peninsula Retail Partners, in the transaction. In a separate transaction, Los Angeles-based Gindi Family Trust purchased Brighton Retail Plaza, which is located at the corner of Ramona Avenue and Mission Boulevard in Montclair. Ontario, Calif.-based Brighton Retail Plaza LLC sold the property for $4.45 million. Built in 2006, the approximately 11,742-square-foot property is currently 95 percent leased and anchored by a 4,942-square-foot McDonald’s, which is on a ground lease. Conover and Dennis Vaccaro of Faris Lee represented the seller; RE/MAX represented the buyer in the transaction.
GAINESVILLE, FLA. — Brett Chetek and Jonathan Brackman of Marcus & Millichap’s Jacksonville, Fla., office brokered Northwood Shoppes’ sale of the 15,293-square-foot Shoppes of Northwood, located at 5000 NW 34th St. in Gainesville, to Alachua, Fla.-based Dalvar for $2.2 million. Chetek and Brackman also represented the buyer.
NOBLESVILLE, IND. — Verus Partners has completed leasing Building 100 within the company’s 180,000-square-foot Saxony Corporate Campus in Noblesville, and has begun construction for Building 200. Located at 14470 Bergen Blvd., Building 100 is a 90,400-square-foot office/warehouse facility. Weaver Popcorn Co., Rock Tops Inc. and Ambassador Medical have signed leases at the property, which features offices-to-suit, docks and drive-in doors. Weaver Popcorn Co. was represented in its transaction by Paul Dick of Resource Commercial Real Estate, Rock Tops was represented by Fritz Kauffman of Colliers Turley Martin Tucker, and Ambassador Medical was represented by Todd Vannatta and John Crisp also of Colliers Turley Martin Tucker; Verus Partners was represented in the transaction by Jeremy Woods and Brad Williams of Summit Realty. Currently under construction on the same campus is the 89,600-square-foot Building 200. Upon completion, the building will feature 20-foot clear-height ceilings, offices-to-suit and drive-in doors. The multi-tenant property, which is also being developed by Verus Partners, will be available for occupancy in October.
CHICAGO — Chicago-based Baum Realty Group has negotiated a lease agreement between First Elysian Properties and Marc Jacobs International to open a Marc Jacobs Collection boutique at the Elysian Chicago, which is located on Rush and Walton streets in Chicago. As the first property developed for Elysian Hotels & Resorts, Elysian Chicago is scheduled to open in early 2009. Marc Jacobs’ 10-year lease stipulates that the new boutique will occupy 2,700 square feet of retail space within the facility. Adam Secher and Janika Brenner of Baum represented First Elysian Properties in the transaction. Terms of the lease were not disclosed.
SEATTLE — Sea-Mar Community Health Center has acquired a 30,000-square-foot retail property, which is located at 9635 S. Des Moines Dr. in Seattle. Northshore sold the property for $4.6 million. Kurt Sorensen of GVA Kidder Mathews represented the seller; Brian Petro of Odella Pacific Properties represented the buyer in the transaction.
MANISTEE, MICH. — The Little River Casino Resort has reopened after undergoing exterior and interior expansions and additions. The 292-room facility, which is owned by Little River Band of Ottawa Indians, is located at 2700 Orchard Highway in Manistee. Exterior renovations include the Winter Garden, which features a waterfall, river and bridges, an outdoor bar area with heated floors, a giant fish tank and a 70-foot glass ceiling. Additions include a 14,000-square-foot event center with 1,675 seats. Texas-based TBG provided site planning and landscape architectural services for the project; Alpena, Mich.-based DeVere Construction Co. served as the general contractor at the site; and Memphis, Tenn.-based Hnedak Bobo Group served as the project’s architect. The cost of completion was not disclosed.