ALTOONA, PA. — Marcus & Millichap has brokered the $3.1 million sale of a 6,220-square-foot retail property in Altoona. Located at 100 Sheraton Drive, the property is currently net leased to Outback Steakhouse. Alan Cafiero and Ben Sgambati of Marcus & Millichap’s New Jersey office represented the buyer, a limited liability company, in the transaction. The seller was undisclosed.
ATLANTA — Whole Foods Market will celebrate its 500th store on Friday, April 5 with the opening of Whole Foods Market Midtown, a 70,000-square-foot, four-story location situated at 22 W. 14th St. in Midtown Atlanta, about four miles north of downtown Atlanta. According to Atlanta Business Chronicle, the development team comprises developer Related Group, general contractor Balfour Beatty and architect Phillips Partnership. The newest location will be the 12th in Atlanta and the flagship store of the Southeast region. The Whole Foods will offer four fast-casual eateries across the four levels, as well as a rooftop bar. Atlanta Business Chronicle also reports the new store will include new locations of Farmburger and Dtox Juice.
CHICAGO — Rumble, a boxing-inspired workout concept, has selected its first Chicago location at 1139 N. State St. in the Gold Coast neighborhood. Nicole Cardot and Adam Secher of Baum Realty Group assisted Rumble in selecting the location. Expected to open in late summer, the 8,000-square-foot facility will be Rumble’s sixth location nationwide. Rumble classes are 45 minutes and feature full-body strength training and conditioning workouts. The company is known for its aqua training bags, which are tear drop-shaped, water-filled punching bags. Baum represented Rumble in negotiations with the landlord, Newcastle Limited. Danny Jacobson, Luke Molloy and Stephen Ansani of CBRE represented Newcastle.
CREST HILL, ILL. — Hanley Investment Group Real Estate Advisors and Greenstone Partners have arranged the sale of South Weber Plaza, a 28,600-square-foot retail property in Will County’s Crest Hill. The sales price was not disclosed. The center is fully leased by The Southern Café, Fire Water BBQ, 12 Handles Ale House, Sammy’s Gaming Parlor, Motivation Fitness, Serenity Wellness Center, Grandeur Salon & Spa, The Awesome A’s Activities Club, Natasha’s Clothing Boutique and Cambium Realty. In 2018, the property underwent a major renovation, which included a new façade, storefronts, signage, parking lot, HVAC and landscaping. The sale also included a 2.1-acre pad site in front of the center and a 7,400-square-foot pad site in the parking lot. Jeff Lefko and Bill Asher of Hanley and Johnny Lefko of Greenstone represented the seller, a private partnership. The team also represented the buyer, a Southern California-based 1031 exchange buyer.
FRISCO, TEXAS — Cinemark Holdings Inc. (NYSE: CNK) will open CUT! by Cinemark, a 10-screen theater that will be located at 6969 U.S. Highway 380 in the northern Dallas suburb of Frisco. The venue will offer original cuisine, a full-service bar with handcrafted cocktails and oversized recliners, as well as patio and lounge space. The opening is scheduled for Thursday, March 7.
PENNSVILLE, N.J. — Marcus & Millichap has brokered the $3.5 million sale of Cranberry Plaza, a 106,165-square-foot shopping center in Pennsville. Located at 233 S. Broadway, the 18-acre center features a tenant roster that includes Save A Lot, Metro PCS and local tenant PV Pets and Tap & Bottle. Michael Cebula represented the seller, a private investor in the transaction. The buyer was a New Jersey-based private investor.
THOUSAND OAKS, CALIF. — Los Angeles-based Agora Realty & Management has purchased Office Depot Plaza, a shopping center located at 11-25 E. Hillcrest in Thousand Oaks. An undisclosed seller sold the property for $14.4 million. At the time of acquisition, the 33,708-square-foot shopping center was 96 percent occupied. Major tenants include Office Depot, Bank of the West, AT&T, Habit Restaurant and Wescom Credit Union. Agora Realty plans to remodel the center’s parking lot with new asphalt and striping, install new LED parking lot lights and upgrade the center’s landscaping.
LA MESA, CALIF. — Pacific Coast Commercial has arranged the sale of a 12,215-square-foot retail/flex building located at 7575 University Ave. in La Mesa. La Mesa Retail LLC sold the property to MY & RY Enterprises LLC for $2.3 million. Constructed in 1993 for Fountain’s Aquarium, the showroom that was dedicated to tropical fish was remodeled and re-sold to an owner-user. Tommas Golia and Jason Vieira of Pacific Coast Commercial represented the seller, while Brandon Keith of Voit Real Estate represented the buyer in the deal.
PEORIA, ILL. — Portland, Ore.-based breakfast chain Original Pancake House will open a 3,800-square-foot restaurant within Grand Prairie Developments, a 200-acre mixed-use development by Cullinan Properties Ltd., in Peoria. The landlord will break ground on a new space for the restaurant this spring, with the opening slated for October. Major anchors at Grand Prairie Developments include AMC Theatre, Hy-Vee and Dick’s Sporting Goods in addition to numerous restaurants, retail stores and five hotels. Adjacent to the development is the $18 million Louisville Slugger Sports Complex estimated to draw 450,000 visitors each year.
KATY, TEXAS — Marcus & Millichap has arranged the sale of a 5,000-square-foot retail property located at 9333 Spring Green Blvd. in the western Houston suburb of Katy. The property is currently leased to Starbucks Coffee and fast casual restaurant chain Salata. James Bell and Watt Harrison of Marcus & Millichap represented the buyer, a limited liability company that acquired the asset via a 1031 exchange. Other terms of sale were not released.