FLOWER MOUND, TEXAS — The Silver Group, a California-based brokerage firm specializing in the sale of single-tenant properties, has negotiated the sale of a 60,000-square-foot store leased to Tom Thumb in the Dallas metro of Flower Mound. The store, whose lease is guaranteed by The Albertson Cos. LLC, anchors Cross Timbers Village shopping center and houses a Starbucks and sushi bar. The buyer, seller and sales price were not disclosed.
GUN BARREL CITY, TEXAS — STRIVE has arranged the sale of Gun Barrel City Shopping Center, a 4,800-square-foot retail property in Gun Barrel City, about 60 miles southeast of Dallas. The two-tenant property was fully leased to Sprint and Cash Store at the time of sale. Will Merritt of STRIVE represented the seller in the transaction. Merritt and Jason Vitorino, also with STRIVE, procured the buyer. Both parties were Texas-based investors that requested anonymity.
MIAMI BEACH, FLA. — Miller Construction Co. is underway on Lincoln Eatery, a 9,600-square-foot food hall located on the ground floor of a Marshalls-anchored building at 723 N. Lincoln Lane in Miami Beach. Terranova Corp. leases and manages the building, which is owned by PPF 723 Lincoln Lane LLC. Architecture firm Arquitectonica is designing the $2.6 million project, which will feature 16 fast-casual restaurants, juice bars and artisanal coffee tenants. Lincoln Eatery will feature triangular beams in the ceiling design and full-height glass along the front of the building with streetscape views. Lincoln Eatery is expected to open in November.
BELTON, MO. — Marshalls, Party City, Petco and Five Below have opened as part of Belton Gateway’s second phase of construction. The $136 million, 47-acre mixed-use development is located west of Interstate 49 in Belton, about 20 miles south of Kansas City. Ross Dress for Less is scheduled to open later this spring. Developed by Christie Development, the property includes an Academy Sports + Outdoors and a Hobby Lobby as part of Phase I.
ST. JOSEPH, MO. — FFO Home has opened a new 35,000-square-foot store in St. Joseph, which is located in northwestern Missouri. The Arkansas-based company will occupy the space in the former Big Bob’s Outlet store at 3715 N. Belt Highway. Tony DeTommaso and Mark McConahay of Block & Co. Inc. Realtors represented the landlord, BB St. Joe LLC, in the lease transaction. FFO Home, originally known as Furniture Factory Outlet, has nearly 50 stores in seven states.
IRVING, TEXAS — Eleven new food-and-drink-based concepts will open this month at Toyota Music Factory, an entertainment destination located within the Las Colinas district in Irving. New restaurants include Highway 61 South, a barbecue restaurant; Kabuki, a Japanese restaurant; and Texas Jam House, an eatery specializing in Southern cuisine. Night club Martini Ranch and frozen fruit bar Pop Factory by Maxfrut, among others, will also open stores within the destination, which will ultimately consist of 500,000 square feet of retail, restaurant and office space. An eight-screen Alamo Drafthouse Cinema will also open at Toyota Music Factory in April.
COPPELL, TEXAS — PickUp USA Fitness, a fitness chain dedicated to basketball, has opened a 16,936-square-foot gym at Sandy Lake Business Center in Coppell, a northwestern suburb of Dallas. The location was formerly leased to a Taekwondo studio. The gym will feature weights and cardio machines in addition to numerous courts for pick-up games. Private lessons and classes are also available. Allyson Yost and Cole Hooper of Colliers International represented Mosely Basketball, the franchise operator of the Coppell gym, in the lease negotiations. Erik Blaise of Bradford Commercial Real Estate Services represented the landlord. PickUp USA Fitness also operates franchises in Arizona, Florida and Nevada.
TERRE HAUTE, IND. — SWG | Capital has acquired Wabash Valley Plaza in the western Indiana city of Terre Haute. The purchase price and seller were not disclosed. Kroger, Hobby Lobby and Big Lots anchor the 194,081-square-foot shopping center, which is located at 4650-4700 S. U.S. Highway 41. Terre Haute is home to Indiana State University.
CINCINNATI — iFLY Indoor Skydiving has unveiled plans to open its first location in Ohio at Liberty Center in Cincinnati. The entertainment company will occupy 5,175 square feet upon its opening in the fall. iFLY has 67 facilities worldwide with 28 wholly owned in the United States. Liberty Center is a $350 million mixed-use property from developer Steiner + Associates.
SOUTH ELGIN, ILL. — Realty Metrix Commercial has negotiated a five-year lease for Girl Scouts of Northern Illinois in South Elgin, about 40 miles west of Chicago. The Savannah, Ga.-based organization will occupy 4,500 square feet at a Jewel-Osco-anchored shopping center located at 353 Randall Road. The space formerly housed a Hallmark store. Girl Scouts will use the location as a retail store, as well as office and meeting space. FGM Architects designed the space, and Extreme Remodeling will serve as the general contractor. Completion is slated for May. Linda Kost and Dave Schmidt of Realty Metrix represented both the tenant and the landlord, Stony Creek LAD LLC, in the lease transaction. Girl Scouts of Northern Illinois recently leased another location in Lake Zurich.
