REBusinessOnline

CIP Miami Springs, LV Lending Break Ground on 120,225 SF Mixed-Use Project in Metro Miami

MIAMI SPRINGS, FLA. — CIP Miami Springs and LV Lending have broken ground on Miami Springs Town Center, a 120,225-square-foot mixed-use project located at 1 Curtiss Parkway in Miami Springs, about 10 miles outside of downtown Miami. The project is scheduled to be complete in the second quarter of 2022.Designed by Cabrera Ramos Architects, Miami Springs Town Center will feature a 50,725-square-foot, three-story residential building with 51 apartments, 23,500 square feet of retail space on …

Development, Florida, Mixed-Use, Multifamily, Retail, Southeast

JLL Brokers $37.6M Sale of Sprouts-Anchored Shopping Center in Roswell, Georgia

ROSWELL, GA. — JLL Capital Markets has brokered the $37.6 million sale of Roswell Market Place, a fully leased, 95,522-square-foot shopping center in the metro Atlanta city of Roswell. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the locally based seller, Branch Properties LLC, in the sale. East Coast Acquisitions acquired the property.Roswell Market Place is located at 10800 Alpharetta Highway. Built in 1986 and most recently renovated in 2015 and 2016, the retail …

Acquisitions, Georgia, Retail, Southeast

Marcus & Millichap Brokers $2.2M Sale of Habit Burger Grill-Occupied Building in Phoenix

PHOENIX — Marcus & Millichap has arranged the sale of a restaurant property located at 745 E. Glendale Ave. in Phoenix. A limited liability company sold the asset to a personal trust for $2.2 million.Habit Burger Grill occupies the 1,891-square-foot building, which was built in 1973, on a net-lease basis.Zack House, Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the

Acquisitions, Arizona, Restaurant, Retail, Western

STRIVE Arranges Sale of 9,807 SF Hebron Heights Retail Strip Center in Metro Dallas

CARROLLTON, TEXAS — Locally based retail brokerage firm STRIVE has arranged the sale of Hebron Heights, a 9,807-square-foot retail strip center in the northern Dallas suburb of Carrollton. Hudson Lambert of STRIVE represented the California-based seller and the Texas-based buyer in the transaction. The property was fully leased to six tenants at the time of

Acquisitions, Retail, Texas

PEBB Enterprises, Topvalco Acquire Delray Commons Shopping Center in South Florida for $10.5M

DELRAY BEACH, FLA. — PEBB Enterprises has acquired Delray Commons, a 71,000-square-foot shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. The Boca Raton, Fla.-based company formed a joint venture dubbed KP Delray LLC with the center’s existing owner, Cincinnati-based Topvalco Inc., for the acquisition. The sales price was $10.5 million.Built in 1981, Delray Commons has 65,940 square feet of inline retail space, a 3,036-square-foot Burger King outparcel and an …

Acquisitions, Florida, Retail, Southeast

REI to Open Small-Format Store at Cambridge Crossing in Massachusetts

CAMBRIDGE, MASS. — Outdoor apparel and equipment retailer REI will open an 8,000-square-foot store at Cambridge Crossing, a 43-acre mixed-use development located at the junction of Boston, Cambridge and Somerville. The opening of the store, which is scheduled for this fall, represents the launch of the retailer’s new small-format prototype and will be located within a newly constructed office and retail building. DivcoWest is the master developer of Cambridge

Leasing Activity, Massachusetts, Northeast, Retail

Foothill Partners, Belay Investment Buy 209,000 SF Redevelopment Project in Sparks, Nevada

SPARKS, NEV. — A joint venture between Foothill Partners and Belay Investment Group has purchased a vacant, 209,000-square-foot former Lowe’s Home Improvement Warehouse property in Sparks for an undisclosed price. The partnership plans to redevelop the site into an environmental, social and corporate governance, arts-based technology, flex and research and development campus named The Oddie District.Located at 2450 Oddie Blvd., the vacant property will be repurposed into creative …

Acquisitions, Development, Industrial, Mixed-Use, Nevada, Office, Restaurant, Retail, Western

Marcus & Millichap Brokers $9.6M Sale of EoS Fitness-Occupied Property in Tempe

TEMPE, ARIZ. — Marcus & Millichap has arranged the sale of retail property located at 1727 W. Ranch Road in Tempe. MAR Group acquired the asset from a private preferred developer of EoS Fitness for $9.6 million.EoS Fitness occupies the 38,000-square-foot property under a net-lease agreement. Mark Thiel of Marcus & Millichap represented the seller and procured the buyer.Ryan Sarbinoff of Marcus & Millichap’s Phoenix office served as broker of

Acquisitions, Arizona, Net Lease, Retail, Western

Kroger to Hire 10,000 Associates Across Store Brands

CINCINNATI — The Kroger Co. (NYSE: KR) is holding a nationwide hiring event today across its store brands. The Cincinnati-based grocer says the goal of the event is to hire 10,000 associates supporting retail, e-commerce, pharmacy, manufacturing and logistics operations. Interviews will be conducted both virtually and in-store. Across its family of companies, Kroger employs nearly half a million associates who serve over 9 million customers daily through both digital shopping experiences and …

Midwest, Ohio, Retail

Associated Bank Provides $12.9M Loan for Acquisition, Redevelopment of Shopping Center in Chicago’s Uptown Neighborhood

CHICAGO — Associated Bank has provided a $12.9 million loan for the acquisition and renovation of a shopping center and surface parking lot located at 4501 N. Sheridan Road in Chicago’s Uptown neighborhood. The buyer, a joint venture between Mavrek Development and GW Properties, plans to demolish the center and build a new five-story property consisting of 59 apartment units and 7,035 square feet of retail space. Plans call for larger units than what can currently be found in the Uptown …

Illinois, Loans, Midwest, Multifamily, Retail
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