Retail

Marcus & Millichap Brokers $1.8M Sale of Retail Property in Chicago

by Kristin Harlow February 23, 2018

CHICAGO — Marcus & Millichap has brokered the sale of a 6,141-square-foot retail property in Chicago for $1.8 million. The ground-floor retail space is located at 2142-2144 W. Roscoe St in the Roscoe Village neighborhood. Tenants include Pure Motion Chiropractic, Pilates + Coffee, XO Studio salon and Roscoe Books. Sean Sharko, Austin Weisenbeck and Brewster Hague of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured the private investor buyer.

February 23, 2018

Retail Texas

FunkyTown, Willow House to Join Sundance Square Development in Downtown Fort Worth

by Taylor Williams February 22, 2018

FORT WORTH, TEXAS — Bakery FunkyTown Donuts and Drafts and apparel and home décor retailer Willow House Boutique will open stores within Sundance Square, a retail and dining destination that spans 35 blocks in downtown Fort Worth. FunkyTown will occupy 1,248 square feet and Willow House will occupy 2,410 square feet. Both stores are slated to open this spring.

February 22, 2018

Loans Multifamily Retail Southeast Virginia

HFF Arranges $115.4M Construction Financing for Retail, Residential Project in Metro D.C.

by Camren Skelton February 22, 2018

FAIRFAX, VA. — HFF has arranged $115.4 million in construction financing for Scout on the Circle, a 551,000-square-foot residential and retail project in Fairfax, roughly 20 miles west of Washington, D.C. Susan Carras, Walter Coker, Brian Crivella, John Owendoff and Jordan Lex of HFF arranged a $100 million floating-rate loan and $15.4 million in preferred equity on behalf of the developer, Washington, D.C.-based Combined Properties Inc. Scout on the Circle will feature a 54,000-square-foot, single-story grocery store, two five-story apartment towers totaling 400 units and 29,000 square feet of ground-floor retail. Apartment units will feature stainless steel appliances, quartz countertops, plank flooring and private outdoor terraces or balconies. Community amenities will include a coffee bar, business center, clubroom, screening room, pool table, fitness center, dog park and two outdoor courtyards with a swimming pool, grilling areas, shuffleboard and a ping pong table. The transit-oriented property will be located one mile from the Vienna Metrorail station and less than four miles from George Mason University’s campus. Combined Properties expects to complete Scout on the Circle in 2021.

February 22, 2018

Nevada Retail Western

Vestar Acquires 465,000 SF Shopping Center in Las Vegas for $87M

by Nellie Day February 22, 2018

LAS VEGAS — Vestar has acquired Best in the West, a 465,000-square-foot shopping center in Las Vegas. The price was $87 million, according to The Las Vegas Review-Journal. Bryan Ley and Jules Sherwood of HFF arranged the transaction on behalf of the seller, Weingarten Realty Investors. At the time of sale, Best in the West was 94 percent leased to tenants such as Best Buy, T.J Maxx, Stein Mart, PetSmart, DSW, Bed Bath & Beyond, JoAnn Fabrics, Office Depot, Ulta Beauty, Old Navy and Marshalls.

February 22, 2018

California Retail Western

Colliers Arranges $9.8M Sale of 45,429 SF Retail Center in Santa Clarita, California

by Nellie Day February 22, 2018

SANTA CLARITA, CALIF. — Colliers International has facilitated the sale of a retail center located at 23300-23314 Valencia Blvd. in Santa Clarita. A private investor acquired the property, situated on 3.5 acres, from DP Santa Clarita LLC for $9.8 million. Built in 1973 and renovated in 2012, the 45,429-square-foot property is fully leased to 99 Cents Only and Harbor Freight Tools. David Maling and Chris Maling of Colliers represented the seller in the transaction.

February 22, 2018

California Retail Western

Charles Dunn Co. Negotiates $3.7M Sale of Vacant Retail/Industrial Building in Downtown LA

by Nellie Day February 22, 2018

LOS ANGELES — Charles Dunn Co. has arranged the sale of a retail and industrial building located at 437-441 S. Los Angeles St. in downtown Los Angeles. JVS Real Estate Investment purchased the property from 441 Los Angeles Street LLC for $3.7 million. The buyer plans to renovate the vacant, three-story, 15,538-square-foot building for its retail and wholesale business. Chris Runyen of Charles Dunn Co. represented the seller, while interPres Realty represented the buyer in the deal.

February 22, 2018

California Retail Western

Marcus & Millichap Brokers $1.4M Sale of Retail Property in Van Nuys, California

by Nellie Day February 22, 2018

VAN NUYS, CALIF. — Marcus & Millichap has brokered the sale of a retail property located at 6650 Van Nuys Blvd. in Van Nuys. An individual/personal trust sold the property to a private investor for $1.4 million. The property features 6,253 square feet of retail space. Brandon Michaels and Justin Rappel of Marcus & Millichap represented both the seller and buyer in the deal.

February 22, 2018

California Retail Western

Kreation to Open Juice Café in Los Angeles

by Nellie Day February 22, 2018

LOS ANGELES — Kreation has signed a lease to open a organic pressed juice cafe at 11754-11756 San Vicente Blvd. in the Brentwood neighborhood of Los Angeles. The juicer leased a 2,273-square-foot space from GPI Cos. Currently, Kreation has 12 juiceries and three cafes. Hilton & Hyland represented the tenant, while Houman Mahboubi, Greg Briest and Devin Klein of JLL represented the landlord in the transaction.

February 22, 2018

Iowa Midwest Restaurant Retail

Colliers Arranges $1.8M Sale of Hardee’s-Occupied Property in Mount Pleasant, Iowa

by Kristin Harlow February 22, 2018

MOUNT PLEASANT, IOWA — Colliers International has arranged the sale of a 4,159-square-foot building occupied by Hardee’s in Mount Pleasant for $1.8 million. The property is located at 905 E. Washington St., about 50 miles south of Iowa City. Jon Busse, Joe Crotty and Josh McFadyen of Colliers represented the buyer, Kuhn Family Trust. Justin Zahn of Commercial Investment Advisors represented the seller, 4 G Properties LLC. Westar Food, a Hardee’s franchise with 36 locations, leases the property.

February 22, 2018

Retail Texas

Flix Brewhouse to Open 38,750 SF Cinema, Microbrewery in Houston

by Taylor Williams February 21, 2018

HOUSTON — Austin-based entertainment concept Flix Brewhouse will open a 38,750-square-foot cinema and microbrewery within Hub at Harvest Green, a 300,000-square-foot dining and shopping destination under construction in Houston. The center, which Trammell Crow Co. is developing, will be located at the intersection of Grand Parkway and West Airport Boulevard. Flix Brewhouse is the first entertainment anchor signed at Hub at Harvest Green, which is slated to open in summer 2019.

February 21, 2018

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