ALPHARETTA, GA. — Chick-fil-A will open a 5,300-square-foot restaurant this spring at Halcyon, a $500 million mixed-use development located in Alpharetta, a northern suburb of Atlanta. Currently under construction, the building will be situated within Halcyon’s Phase III. RocaPoint Partners is the developer and landlord of the project, and JLL manages retail leasing at the property. Five Guys and Chase Bank have also signed leases at the development and will occupy 2,400 and 3,500 square feet, respectively, within a 13,000-square-foot building adjacent to Chick-fil-A. Phase III of Halcyon will also feature a grocery anchor, to be announced later this year.
MIAMI SPRINGS, FLA. — Marcus & Millichap has brokered the $9.2 million sale of single-tenant retail property located at 3600 S. Le Jeune Road in Miami Springs. Office Depot occupies the building on a triple-net-lease basis. Scott Sandelin of Marcus & Millichap represented the undisclosed seller, which acquired the property in 2012, in the transaction. Jorge Ruiz of Platinum Properties represented the undisclosed buyer.
KENNESAW, GA. — FrostPoint Capital has acquired The Shops at Shiloh Crossing, a 40,767-square-foot shopping center located in Kennesaw, roughly 30 miles northwest of Atlanta. Conor Sweeney of Foundry Commercial represented both the buyer and undisclosed seller in the $6.9 million transaction. FrostPoint plans to implement a complete renovation of the property.
HOUSTON — Three new tenants have opened stores at Post Oak Plaza, a retail power center in Houston’s Uptown area. The 22,201-square-foot store of home furnishings retailer Arhaus is now open, as is the 9,597-square-foot store of Bassett Furniture and the 4,036-square-foot kitchen and bath showroom of Kohler. Locally based developer Levcor owns Post Oak Plaza, which recently underwent a capital improvement program and is now 98 percent leased.
LEWISVILLE, TEXAS — BT Dealz, which sells liquidated consumer products directly to customers, has signed a 15,477-square-foot retail lease for its first brick-and-mortar store in the northern Dallas suburb of Lewisville. David Zoller of Weitzman represented the undisclosed landlord in the lease negotiations. Al Paniagua of Swearingen Realty Group represented BT Dealz, which is taking a junior anchor endcap space at a center that is also home to Marshalls, Old Navy, Five Below and PetSmart.
PHOENIX — Orange County, Calif.-based Red Mountain Group has completed the sale of a shopping center in Phoenix to North Creek LLC for $1.6 million. At the time of sale, the 5,587-square-foot property was fully occupied by four tenants. The asset is located at 12831-12839 N. Cave Creek Road in Phoenix. Jonathan Selznick of Lee & Associates represented the seller in the deal.
OMAHA, NEB. — Hanley Investment Group Real Estate Advisors has arranged the sale of a Topgolf-occupied property in Omaha for $7.7 million. The property marks the first and only location for Topgolf in Nebraska. Located at 908 N. 102nd St., the asset neighbors a Chipotle Mexican Grill, X-Golf and a future nine-acre mixed-use development. The 24,496-square-foot Topgolf building was constructed in 2020. The Omaha Topgolf facility features 72 climate-controlled hitting bays, a full-service restaurant, bars, private event space, a rooftop terrace and more than 200 HDTVs. Jeff Lefko and Bill Asher of Hanley represented the seller and developer, a private investor based in Omaha. Ashish Wadhwani of Wadhwani Holdings represented the buyer, a private investor based in metro Houston.
PHILADELPHIA — Philadelphia-based Comcast Spectacor, in partnership with Cordish Cos., a Baltimore-based developer specializing in sports-anchored entertainment districts, will undertake a $12 million renovation of the Xfinity Live! sports complex in South Philadelphia. The project will deliver a variety of upgrades to the development’s main public plaza, including the addition of several new terraces and gathering spaces. Comcast Spectacor and Cordish will also make various improvements to interior spaces and building exteriors. Construction will be carried out in phases, will full completion slated for late 2025 or early 2026.
EAST WINDSOR, N.J. — New Jersey-based financial intermediary Cronheim Mortgage has arranged an $11 million loan for the refinancing of Town Center Plaza, a 196,014-square-foot shopping center in the Central New Jersey community of East Windsor. The property was originally built on 35.5 acres in 1998 and is home to tenants such as grocer ShopRite and Chipotle Mexican Grill. Andrew Stewart, Dev Morris and Allison Villamagna of Cronheim arranged the loan through Farm Bureau Life Insurance Co. The borrower was not disclosed.
HOUSTON — Howard Hughes Holdings (NYSE: HHH) is underway on construction of Village Green at Bridgeland Central, a 70-acre retail development in northwest Houston. Located within the 925-acre Bridgeland master-planned community, Village Green will comprise a 100,000-square-foot H-E-B grocery store and 28,000 square feet of inline retail and restaurant space. The development will also feature multiple outdoor dining spaces and connectivity to Bridgeland’s network of walking trails. H-E-B is scheduled to open by the end of the year, and the inline space is slated for a spring 2025 delivery. Tal McIver of McIver Properties represented H-E-B in the lease negotiations, and Eric Walker of Capital Retail Properties represented Howard Hughes.