PITTSBURGH — CBL & Associates Properties and Faison Enterprises have broken ground on a 600,000-square-foot open-air lifestyle center in Pittsburgh. Settlers Ridge, located in Robinson Township, will feature a Giant Eagle Market District supermarket, a 16-screen Cinemark theatre, an LA Fitness and REI. The center will also feature approximately 150,000 square feet of specialty stores including a national bookstore, apparel stores and restaurants. Project partners include Cleveland-based architect ka and Chattanooga, Tenn.-based general contractor EMJ Corp. Completion is slated for summer 2009.
OLD BRIDGE, N.J. — New York-based The Lighthouse Group has started on a multi-million dollar renovation on Browntown Shopping Center in Old Bridge. Located on Route 516, the renovation will include a building facelift, interior and exterior improvements, and lighting, parking and landscape upgrades. New York Sports Club, Drug Fair and Wendy’s currently anchor the property.
SPRING, TEXAS — Greg Young and Cutt Ableson of Live Oak Capital have arranged $4.7 million in acquisition fixed financing for a 35,321-square-foot retail property in Spring. Located at 6370 Louetta, the property features Pure Fitness as the anchor tenant. Additional retailers include Perfect Tan, Champions Hair and Serenity Day Spa. The center was completed in March 2007. ViewPoint Bank in Houston structured the loan.
THE WOODLAND, TEXAS — Drew Morris of Studley’s Houston office has negotiated the purchase of a two-story building in The Woodlands. Lighting Inc. will occupy 14,000 square feet of retail space in the facility, which is located at 255 Ed English Lane. Lighting Inc. purchased the building from K&B of Walden LLC.
CONCORD, N.C. — Orlando, Fla.-based Cuhaci & Peterson is designing a 62,000-square-foot addition at Christenbury Corners in Concord. The project is being developed by Safety Harbor, Fla.-based Paradise Development and includes a 38,000-square-foot Bloom grocery store and 24,000 square feet of retail shops.
TEXAS — Atlanta-based GreenbergFarrow is overseeing the rollout of new locations for Carl’s Jr. restaurants in Texas and California. GreenbergFarrow’s development services division is guiding the expansion program for the restaurant, which currently has more than 1,100 restaurants in 14 states and six countries. The firm also will provide architecture, civil engineering and site planning services for the new restaurant locations.
TEMPE, ARIZ. — Robert Reisner of Tempe-based RWR Enterprises LLC has acquired Broadway Plaza Tempe, a 12,961-square-foot retail building in Tempe. Located at 1740 E. Broadway, the property sold for $4.57 million or $359 per square foot. Erik Marsh of Marcus & Millichap’s Phoenix office represented the buyer; Jamie Medress and Mark Ruble, also of Marcus & Millichap’s Phoenix office, represented the seller, Alan Roselinsky of Las Vegas-based Broadway McClintock Plaza LLC, in the transaction.
ST. AUGUSTINE, FLA. — Weingarten Realty and St. Augustine Retail Holdings are developing Epic Village at St. Augustine, a 23-acre theatre-anchored shopping center, adjacent to St. Augustine Market. The project will feature a 16-screen Epic Theatre and 17,896 square feet of retail space with four outparcels. Construction is slated to begin this month and complete in spring 2009.
COLUMBIA, MD. — Sleepy’s, a specialty mattress retailer, has leased 119,000 square feet at Gateway Commerce Center in Columbia, from RREEF. The property is located at 8700 Robert Fulton Dr. and is near the intersection of Route 175 and Interstate 95. Bob Smith and Brad Berzins of NAI KLNB represented the lessee, and the landlord was represented by Ed Harris and John Wilhide of CB Richard Ellis.
CHESHIRE, CONN. — Press/Cuozzo Commercial Services has brokered the $1.35 million sale of an 11,500-square-foot retail building in Cheshire. The single-story building is situated on 1.36 acres at 882 S. Main St. The buyer, Whitney Cheshire, was represented in-house by Stephen Press. Lou Proto of The Proto Group represented the seller, Delaware-based seller Home Fabric Mills, in the transaction.