Retail

Halpern Enterprises Opens New Publix Store at Dawson Crossroads in North Georgia

by John Nelson October 13, 2016

DAWSONVILLE, GA. — Halpern Enterprises has opened the 45,600-square-foot Publix at Dawson Crossroads, a 98,400-square-foot shopping center located at the southeast corner of GA 400 and Dawson Forest Road in Dawsonville. The property is situated across the street from the North Georgia Premium Outlets and a Walmart Supercenter. Dawson Crossroads’ tenant roster includes PetSmart, Brooklyn Joe’s Pizzeria, Lee Nails, Great Clips, Totally Running and Top Cleaners. The property will also feature outparcel retailers such as Chili’s Bar & Grill, AT&T and Aspen Dental.

October 13, 2016

Retail Texas

Agree Realty Acquires 84,584 SF Retail Property in Port Arthur

by Katie Sloan October 13, 2016

PORT ARTHUR, TEXAS — Agree Realty Corp. has acquired an 84,584-square-foot, net-leased retail property located in Port Arthur. The fully occupied center was renovated in 2014 and is home to tenants including Hobby Lobby, Party City and PetSmart. Ryan West and Matt Berry of HFF represented the seller, Baker Katz, in the transaction.

October 13, 2016

Retail Texas

Planet Fitness to Open at Weslaco Shopping Center in Southern Texas

by Katie Sloan October 12, 2016

WESLACO, TEXAS — Planet Fitness plans to open a 19,413-square-foot gym at Weslaco Shopping Center in Weslaco in early 2017. The retail center, located at 1901 W. U.S. Route 83 in southern Texas, is managed by Cencor Realty Services. Tenants at the center include Ross Dress for Less, Bealls, Starbucks Coffee, Dollar Tree and Buffalo Wild Wings. Marcus Shaffer and Dan Mitchell of The Weitzman Group handled negotiations on behalf of the landlord.

October 12, 2016

Retail Texas

Cohen Financial Arranges $5.2M in Financing for Two Retail Centers in Dallas-Fort Worth Metro Area

by Katie Sloan October 12, 2016

FORT WORTH AND SOUTHLAKE, TEXAS — Cohen Financial has arranged two loans totaling $5.2 million to refinance two retail centers in the Dallas-Fort Worth area. The transactions included a $4.1 million loan for La Marina Plaza, a 30,000-square-foot retail center in Fort Worth anchored by Texas Health Resources, and a $1.1 million loan for Southlake Plaza, a 9,800-square-foot retail center in Southlake. Kevin Sellers of Cohen Financial’s Phoenix office secured the two fixed-rate, three-year loans through Commerce National Bank on behalf of the borrower, a local commercial real estate investor. The borrower plans to market and sell both assets within two years.

October 12, 2016

Illinois Midwest Mixed-Use Office Retail

Marcus & Millichap Arranges Sale of 5,166 SF Mixed-Use Property in Chicago

by Amy Works October 12, 2016

CHICAGO — Marcus & Millichap has brokered the sale of Southport Corridor Mixed-Use, a mixed-use property located at 1362 W. Belmont Ave. in Chicago. An individual/personal trust sold the 5,166-square-foot property to a limited liability company for an undisclosed price. The two-story building was vacant at the time of sale. Brewster Hague, Sean Sharko and Austin Weisenback of Marcus & Millichap represented the seller and buyer in the deal.

October 12, 2016

New Jersey Northeast Retail

Marcus & Millichap Arranges $3.5M Sale of Retail Property in Martinsville, New Jersey

by Amy Works October 12, 2016

MARTINSVILLE, N.J. — Marcus & Millichap has brokered the sale of a retail property located on Washington Valley Road in Martinsville. A private investor acquired the property for $3.5 million. The strip center features 15,103 square feet of retail space. Michael Lombardi and Joseph Cunder of Marcus & Millichap represented the seller, a private investor, and the buyer in the transaction.

October 12, 2016

Mississippi Retail Southeast

NAI UCR Properties Brokers Sale of Two Net-Leased Retail Properties in Metro Jackson for $3.8M

by John Nelson October 12, 2016

RIDGELAND AND BYRAM, MISS. — NAI UCR Properties has brokered the sale of two triple-net leased retail properties in the metro Jackson area totaling $3.8 million. The properties include a multi-tenant, 21,000-square-foot center located at 950 E. County Line Road in Ridgeland and a 4,500-square-foot, single-tenant facility leased to Drayer Physical Therapy Institute at 7213 Siwell Road in Byram. Micah McCullough of NAI UCR represented the seller, a private local investor.

October 12, 2016

Oregon Retail Western

JLL Income Property Acquires Timberland Town Center in Portland for $43.1M

by Nellie Day October 11, 2016

PORTLAND, ORE. — Gramor Development Inc. has sold Timberland Town Center, a 91,000-square-foot shopping center located in Portland, for $43.1 million. A 40,000-square-foot Market of Choice grocery store anchors the center, which is also home to Orangetheory Fitness, H&R Block, Blu Olive Mediterranean Cuisine, B’Tan Sun Studio and Supercuts. JLL Income Property Trust acquired the property. Capital Pacific LLC brokered the transaction.

October 11, 2016

New York Northeast Retail

DLC, DRA Advisors Acquire 16 Property Retail Portfolio Totaling 4.85 Million Square Feet

by Amy Works October 11, 2016

TARRYTOWN, N.Y. — A joint venture between Tarrytown-based DLC Management Corp. and New York City-based DRA Advisors LLC has acquired a 16-property retail portfolio totaling 4.85 million square feet in New York and Alabama. The portfolio was acquired from DDR. The acquisition will bring DLC’s owned square footage to approximately 21.7 million square feet. The joint venture has plans to re-develop several of the newly acquired centers, and DLC will open a new satellite office in Buffalo, New York, to help facilitate the management of the new properties.

October 11, 2016

Midwest Missouri Mixed-Use Multifamily Office Retail

Cullinan Properties Develops 150,000 SF Mixed-Use Property in St. Louis

by Amy Works October 11, 2016

ST. LOUIS — Cullinan Properties hosted a grand opening celebration on Thursday, Oct. 6, for Lofts@Euclid, a mixed-use building located at the corner of Euclid and Delmar in St. Louis’ Central West End. The 150,000-square-foot project involved the complete renovation of the historic Langan and Taylor Co. building, which was originally developed by Widman & Walsh. The redeveloped building by Cullinan Properties features 87 loft apartment units, ground-level retail and office space, a fitness center, rooftop deck and clubhouse area. Constructed in 1910, the building is one of the largest commercial buildings remaining in the Central West End historic district. Residents began occupying the building in June, and the building is approximately 70 percent leased.

October 11, 2016

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