REBusinessOnline

Retail

Villa Grande Mexican Restaurant to Open 3,800 SF Location in Gainesville, Texas

GAINESVILLE, TEXAS — Villa Grande Mexican Restaurant will open a 3,800-square-foot location at 201 N. Interstate 35 in the North Texas city of Gainesville. Paul Vernon of Henry S. Miller Brokerage LLC represented the tenant in the lease negotiations. Jim Jamerson and Kenley Minchew of The John T. Evans Co. represented the landlord, CR Midway Investment LP. The location, which is the restaurant’s fifth, will open in October.

August 21, 2017

TEI Acquires 205,435 SF Shopping Center in Sterling Heights, Michigan for $23.5M

STERLING HEIGHTS, MICH. — Time Equities Inc. (TEI) has acquired Clinton Valley Shopping Center in Sterling Heights for $23.5 million. The 205,435-square-foot retail center is located at 44809 Schoenherr Road. The property is currently 91 percent occupied. Tenants include Hobby Lobby, Office Depot, DSW, OptimeEyes, Avenue, GameStop, Lifeway Christian, Carrabba’s Italian Grill and BD’s Mongolian Barbeque. Ami Ziff, Jonathan Kim and Adam Levitt of TEI represented TEI in the acquisition. Ben..

August 21, 2017

Joe & The Juice to Open First Three Locations in Chicago

CHICAGO — Joe & The Juice has signed three leases to open its first locations in Chicago. The properties are located at 10 E. Delaware Place, 412 N. Wells St. and 8 E. Huron St. The Denmark-based company is known for its natural and organic ingredients in freshly prepared juices, coffee, shakes and sandwiches. The locations, the company’s first in the Midwest, are slated to open later this year and in 2018. Phil Golding, Todd Siegel and Amira Yunis of CBRE represented Joe & The..

August 21, 2017

CBL Begins Work on 45,000 SF Dick’s Sporting Goods in Waco

WACO, TEXAS — CBL & Associates Properties Inc., a publicly traded, Chattanooga, Tenn.-based retail developer, has begun work on a 45,000-square-foot Dick’s Sporting Goods location in Waco. The property will be situated within the Richland Mall, which is located at 6001 W. Waco Drive and totals roughly 700,000 square feet. The store opening is scheduled for spring 2018.

August 18, 2017

GBT Realty Completes $20M Retail Center in Bartlesville, Oklahoma

BARTLESVILLE, OKLA. — GBT Realty Corp. has completed Silver Lake Village, a $20 million, 85,000-square-foot retail center in Bartlesville, about 45 miles north of Tulsa. The shopping center is currently leased to tenants such as Ulta Beauty, Ross Dress for Less, T.J. Maxx and Rack Room Shoes. Approximately 5,500 square feet of space and three once-acre outparcels of space are currently available for lease.

August 18, 2017

GBT Realty Delivers $36M Shopping Center Near Little Rock

BENTON, ARK. — GBT Realty has opened The Shoppes of Benton, a $36 million shopping center in Benton, roughly 25 miles southwest of Little Rock. The 170,000-square-foot center is home to tenants including PetSmart, Kay Jewelers, Maurices, Texas Roadhouse, T.J. Maxx, HomeGoods, Ulta Beauty and Hobby Lobby. Tuesday Morning, Avalon Nails, Flowers & Home, All Aboard Restaurant & Grill, Red Robin and Freddy’s Frozen Custard and Steakburgers are expected to open by the end of the year. The..

August 18, 2017

InvenTrust Acquires Harris Teeter-Anchored Shopping Center in Metro Raleigh for $25M

CARY, N.C. — InvenTrust Properties Corp. has purchased Cary Park Town Center, a Harris Teeter-anchored shopping center in Cary, roughly 11 miles west of Raleigh, for $25 million. The seller was not disclosed. In addition to Harris Teeter, the 93,000 square-foot center is home to tenants including CVS/pharmacy, Dunkin’ Donuts, Subway, Great Clips and Mathnasium. Located at 10130 Green Level Church Road, Cary Park Town Center is roughly 10 miles south of Research Triangle Park.

August 18, 2017

First Tenants at The Shoppes at Mid Rivers Near St. Louis to Open in September

ST. PETERS, MO. — Developer GBT Realty Corp. is nearing completion of The Shoppes at Mid Rivers, a 270,000-square-foot shopping center in St. Peters, a suburb of St. Louis. The project is the largest retail development in the St. Louis metro area in nearly a decade, according to GBT. Burlington, Marshalls, HomeGoods and Aspen Dental are set to open at the property in September. Academy Sports + Outdoors and Famous Footwear will open in October. Ross, OshKosh B’gosh, Five Below and Nail..

August 18, 2017

Walmart Supercenter Opens as Anchor Tenant at Oak Tree Plaza in Egg Harbor Township, New Jersey

EGG HARBOR TOWNSHIP, N.J. — Wolfson Group has announced that Walmart Supercenter has opened as the anchor tenant at Oak Tree Plaza in Egg Harbor Township. The retailer occupies approximately 188,463 square feet at the shopping center. Adjacent to Walmart, approximately 35,200 square feet of retail space is under construction for Petco, Planet Fitness and KicksUSA. Smaller store space for Starbucks Coffee, Sally Beauty Supply, T-Mobile, Coco Nails and Chick-fil-A is in the construction phase...

August 18, 2017

Marcus & Millichap Arranges $39.6M Sale of Shopping Center in Folsom

FOLSOM, CALIF. — Marcus & Millichap has arranged the sale of Walmart Central Shopping Center, a retail property located at 1002-1016 Riley St. in Folsom. A private investor sold the property for $39.6 million. Built in 1992, the property features 139,277 square feet of retail space. Tyler Stevens of Marcus & Millichap represented the seller. The name of the buyer was not released. Kent Williams, also of Marcus & Millichap, is the broker of record in California.

August 18, 2017