Retail

Faris Lee Arranges $3.2M Sale of Starbucks Property in Fontana, California

by Nellie Day January 16, 2018

FONTANA, CALIF. — Faris Lee Investments has arranged the $3.2 million sale of a newly developed, 2,500-square-foot property triple-net-leased to Starbucks Coffee in Fontana. Christopher DePierro and Jeff Conover of Faris Lee arranged the transaction on behalf of the seller, Puente Hills Power Center LLC. Matt Brooks of Faris Lee represented the buyer, Fata Organization LLC. The single-tenant property is an outparcel of Palm Court Center, a 630,000-square-foot power center anchored by Super Target, Ross Dress for Less, T.J. Maxx and 24 Hour Fitness.

January 16, 2018

Florida Retail Southeast

Terra Sells Publix-Anchored Shopping Center in South Florida to Jamestown for $72M

by Camren Skelton January 16, 2018

DORAL, FLA. — Terra has sold Doral Commons, a 140,000-square-foot shopping center in South Florida, for $72 million. Jamestown LP acquired the asset, located at the intersection of N.W. 74th Street and 107th Avenue in Doral. Publix anchors the center, which was 95 percent leased at the time of sale to tenants including T.J. Maxx, Citibank, GNC, AT&T and McDonald’s. Doral Commons was initially part of a 100-acre tract acquired by Terra in 2012. The company subdivided the land into commercial and residential uses, completing construction of Doral Commons in 2015. Terra’s 319-home housing development Modern Doral is located adjacent to the retail center.

January 16, 2018

Florida Restaurant Retail Southeast

Stan Johnson Arranges $15.1M Sale-Leaseback of Del Frisco’s Restaurant Location in Orlando

by Camren Skelton January 16, 2018

ORLANDO, FLA. — Stan Johnson Co. has arranged the $15.1 million sale-leaseback of a 16,152-square-foot property in Orlando operating as Del Frisco’s Double Eagle Steakhouse. David Annett, Daniel Herrold, Campbell Black, Jennifer Cameron and Austin Duff of Stan Johnson Co. arranged the transaction on behalf of the seller, Del Frisco’s Restaurant Group. Boca Raton-based Amzak Capital Management acquired the property, and Del Frisco’s is retaining long-term operational control of the asset.

January 16, 2018

Georgia Retail Southeast

Two Fitness Tenants to Join Mixed-Use Project North of Atlanta

by Camren Skelton January 16, 2018

SANDY SPRINGS, GA. — TURN Indoor Cycling + Strength and SculptHouse have unveiled plans to join City Springs, a 14-acre mixed-use development under construction in Sandy Springs, roughly 15 miles north of downtown Atlanta. The project is a public-private partnership between the City of Sandy Springs, Carter and Selig Enterprises. TURN, a boutique cycling and fitness studio, will open a 3,200-square-foot location at the development. SculptHouse will also open a 3,200-square-foot studio, marking the fitness boutique’s second metro Atlanta location. In addition to group fitness classes, SculptHouse will feature a private studio for one-on-one training, keyless lockers, fully stocked bathrooms, a private shower, blow dry bar and a retail boutique. The fitness retailers are the first tenant announcements for City Springs. The residential portion of the project, Aston City Springs, will include 294 units and 29,0000 square feet of ground-floor retail space. At full build-out, City Springs will feature a performing arts center, conference center, four-acre green space, retail and city offices. The project is slated for completion this summer.

January 16, 2018

Massachusetts Northeast Retail

Paragon Realty Group Acquires 131,000 SF Shopping Center in Great Barrington, Massachusetts

by Amy Works January 16, 2018

GREAT BARRINGTON, MASS. — Westport, Conn.-based Paragon Realty Group has purchased Barrington Plaza, a grocery-anchored community shopping center in Great Barrington. An affiliate of Kimco Realty Corp. sold the property for an undisclosed price. The 131,000-square-foot center is co-anchored by a 44,667-square-foot Price Chopper and a 24,141-square-foot Marshalls. Dollar Tree, Pet Valu, Mattress Firm, AT&T and a variety of local retail properties also occupy the center. Nat Heald and Chris Angelone of JLL brokered the transaction. Paragon’s in-house management division will provide property management for the shopping center.

January 16, 2018

Iowa Midwest Retail

Phoenix Theatres to Reopen at Kennedy Mall in Dubuque, Iowa

by Kristin Harlow January 16, 2018

DUBUQUE, IOWA — Phoenix Theatres has signed a lease to reopen the six movie screens at Kennedy Mall in Dubuque. Moviegoers will get to experience the upgrades to the theater in a grand opening, which is slated for March. Each auditorium will feature fully reclining chairs, premium sound, self-serve drink stations and online ticketing. Opened in 1970 and located at 555 J.F.K. Road, the 700,000-square-foot Kennedy Mall features retailers such as Younkers, Dick’s Sporting Goods, J.C. Penney, Best Buy, Books-A-Million, Planet Fitness and Ulta. Affiliated entities of Cafaro Co. own and manage the property. Michigan-based Phoenix Theatres also operates a location at the Mall of Monroe in Monroe, Mich.

January 16, 2018

Massachusetts Northeast Retail

NKF Arranges Sale of 15,800 SF Retail Property in Boston

by Amy Works January 16, 2018

BOSTON — Newmark Knight Frank Capital Markets has brokered the sale a retail building located at 957 Commonwealth Ave. in Boston’s Brighton neighborhood. Nolan Properties Group acquired the asset from J&M Realty for an undisclosed price. Justin Smith, Paul Penman and Christian Brannelly of NKF Capital Markets represented the seller in the deal. The property features 15,800 square feet of retail space.

January 16, 2018

Loans Massachusetts Northeast Retail

Fantini & Gorga Secure $3.4M in Financing for Retail Property in North Dartmouth, Massachusetts

by Amy Works January 16, 2018

NORTH DARTMOUTH, MASS. — Fantini & Gorga has arranged $3.3 million in refinancing for State Road Plaza, a retail property in North Dartmouth. The borrower was New York-based 331 State Road Associates LLC. Casimir Groblewski of Fantini & Gorga originated the assignment and placed the financing. Situated on 5.8 acres, State Road Plaza features 29,505 square feet of retail space. Current tenants include J.D. Byrider, Newbury Comics and Pearson Vue, as well as various local retailers and service providers.

January 16, 2018

Louisiana Retail Southeast

Franklin Street Negotiates $3.2M Sale of New Retail Center in Alexandria, Louisiana

by Camren Skelton January 15, 2018

ALEXANDRIA, LA. — Franklin Street has arranged the $3.2 million sale of The Bulls Eye, a newly constructed, 6,400-square-foot strip retail center located at 3504 Jackson St. in Alexandria. John Tennant and Bryan Belk of Franklin Street arranged the transaction on behalf of the seller, Nashville-based D3 Alexandria LLC. Boise, Idaho-based Latta Properties LLC acquired the asset. At the time of sale, The Bulls Eye was home to Mattress Firm and Verizon Wireless.

January 15, 2018

Mixed-Use Multifamily New York Northeast Retail

Rosewood Realty Facilitates $13.2M Sale of Three Mixed-Use Buildings in Manhattan

by Amy Works January 15, 2018

NEW YORK CITY — Rosewood Realty Group has arranged the sale of three contiguous mixed-use buildings on Amsterdam Avenue in Washington Heights. A private investor, 2372-2376 Amsterdam Avenue NYC, acquired the properties from 2372-2376 Amsterdam Avenue LLC for $13.2 million. The buildings, located at 2372, 2374 and 2376 Amsterdam Ave., total 41,353 square feet. The properties consist of two five-story mixed-use walk-up buildings and one six-story mixed-use building with a total of 58 apartments and eight retail stores, including a barbershop and a grocery store. The properties were built between 1906 and 1908.

January 15, 2018

Newer Posts

Older Posts