YORKTOWN, VA. — Big Lots has leased vacant anchor space totaling 55,000 square feet at Victory Village, a Hampton Roads-area shopping center formerly known as Williamsburg Marketcenter. Situated on Mooretown Road in Yorktown, the 176,000-square-foot shopping center is also leased to Ross Dress for Less, Holloway Sports and Fitness, Buzz Picasso, Uniforms Plus, Retro Daddio, One Main Financial, Dollar Tree, City Nails and Tropical Smoothie Café. Big Lots plans to open in July in the space formerly housing Ukrop’s Homestyle Foods. The Shopping Center Group’s (TSCG) Virginia office represented the landlord, Miami-based Lionheart Capital, in the lease transaction. Debra Ramey and Karen Mikulski of TSCG are the exclusive leasing agents for Victory Village.
AURORA, ILL. — MidCap Financial has provided an $18 million senior loan for the acquisition and refinancing of a 362,000-square-foot retail center in Aurora. Chicago-based Windfall Group was the borrower. Best Buy, Value City Furniture and Pier 1 Imports anchor the center, which is located north of Fox Valley Mall. Windfall plans to rename the center Pacific Square and remodel it with new restaurants and shops. Jessica Ke of Cushman & Wakefield and John Leslie of Eastern Consolidated arranged the loan.
GLEN ELLYN, ILL. — Adelphia Properties has negotiated the $2.9 million sale of a two-tenant retail building in Glen Ellyn, about 24 miles west of Chicago. Mattress Firm and F45 Fitness occupy the 7,006-square-foot property. Simeon Spirrison and George Spirrison represented the seller, a local developer, in the transaction. A local investor purchased the asset for 98 percent of the list price.
PLANO, TEXAS — MYCON General Contractors has completed the $7.2 million renovation and expansion of the natatorium (a room that houses a pool) of Carpenter Park Recreation Center in Plano. The project, which began in August 2016, added 14,864 square feet to the natatorium. Dallas-based SmithGroupJJR served as project architect.
FORT WORTH, TEXAS — The Silver Group has brokered the sale of a 3,900-square-foot retail property leased to Jack in the Box in Fort Worth. The property is located at 3459 Altamesa Blvd. on the southern outskirts of town. The buyer, seller and sales price were not disclosed.
CARPENTERSVILLE, ILL. — Realty Metrix Commercial has brokered the $6.8 million sale of Spring Hill Market Place in Carpentersville, 40 miles northwest of Chicago. Built in 1990, the 95,259-square-foot retail center is located on Route 31. New tenants at the property include MAACO Collision Repair & Auto Painting, Artistry in Dance and Tyke Play Kids Gym. Other tenants include Big Lots, Southern Belle Pancake House, AutoZone, Firestone, The UPS Store, Sherwin Williams, Fifth Third Bank, Sewing Concepts, Gyradiko’s Restaurant and Salon Anovin. Dave Schmidt and Linda Kost of Realty Metrix represented the buyer, Troy Business Inc. The seller was not disclosed.
COLUMBUS, OHIO — Diamonds Direct has opened a 7,026-square-foot store in Columbus. The direct diamond importer will occupy the space at 1330 Polaris Parkway, formerly home to a T.G.I. Friday’s. Glenn Garland of Colliers International represented the tenant in the lease transaction. The landlord was not disclosed. This is the 15th location for Diamonds Direct, which has a flagship store in Charlotte, N.C.
OCEANSIDE, CALIF. — Matthews Real Estate Investment Services has arranged the sale of Del Oro Marketplace, a shopping center located at 4181 Oceanside Blvd. in Oceanside. A San Diego-based private seller sold the property for $41.7 million. The property features 102,000 square feet of retail space. El Warner and Caitlin Zirpolo of Matthews Real Estate Investment Services, along with Reg Kobzi and Joel Wilson of CBRE, represented the seller in the transaction. The buyer was an undisclosed private investor.
WESTWOOD VILLAGE, CALIF. — CBRE has brokered the sale of a multi-tenant retail and office property located at 1136-1140 Westwood Blvd. in Westwood Village. More LLC acquired the property from a private family trust for approximately $4 million. The two-story building features 6,340 square feet of retail and office space. Current tenants include D’Amores Pizza and a variety of office users. Alex Kozakov, Patrick Wade and Matthew Greenberg of CBRE represented the seller and the buyer in the deal.
RIDGELAND, MISS. — Southern California-based Pacific Retail Capital Partners (PRCP) has broken ground on the redevelopment of Northpark, a 958,000-square-foot enclosed mall in Ridgeland, about 11 miles north of Jackson. Plans for the first phase of the project include new public entrances, corridors, amenities, public restrooms and common-area gathering spaces. The renovation will include new interior and exterior landscaping and a complete resurfacing of the parking lot, public art from local artists, a new children’s play area and a new family lounge with private nursing stations, baby-changing stations and a family restroom. In addition, the redevelopment will transform the mall’s current food court into The Eatery, an open, café-style dining area that will feature interactive digital displays and new dining options. The first phase of the project is slated for completion this November.