Retail

Valley-Ranch-Town-Center-party-city-hobby-lobby

Party City, Hobby Lobby to Open in Valley Ranch Town Center in The Woodlands

by Haisten Willis August 11, 2016

THE WOODLANDS, TEXAS — Party City plans to open a 12,000-square-foot store in Signorelli Co.’s Valley Ranch Town Center in early December. Valley Ranch Town Center is a 1.5 million-square-foot mixed-use development that includes 1 million square feet of retail space and 500,000 square feet of residential, entertainment, civic and hospitality projects. Over 100 acres of parks, lakes and greenspace are part of the master plan, along with New Caney ISD’s 8,500-seat Texan Drive Stadium and 400-seat swimming facility. Also under construction is Hobby Lobby, a retailer offering more than 75,000 arts, crafts, hobbies, home décor, holiday and seasonal products. The company operates nearly 700 stores across the country, and is preparing to open a 55,000-square-foot store in Valley Ranch Town Center in the first quarter of 2017.

August 11, 2016

M&M Brokers Sale of Shopping Center in Metro Houston

by Haisten Willis August 11, 2016

KATY, TEXAS — Marcus & Millichap has brokered the sale of Marcel Commons of Katy, a 35,127-square-foot shopping center in Katy. Derek Hargrove, Justin Miller and Davis Hansen of Marcus & Millichap’s Houston office represented the seller, a Houston-based developer. The team also procured the buyer, a local private investor. The property is located at 25727 Westheimer Parkway, across from a Harvest Market grocery store and a few blocks to the north of a recently opened Walmart Neighborhood Market. At the time of the sale, Marcel Commons of Katy was 100 percent occupied by a mix of restaurant, medical and service-related tenants.

August 11, 2016

New Jersey Northeast Retail

CBRE Brokers $27.5M Sale of 235,599 SF Retail Center in New Jersey

by Amy Works August 11, 2016

POUGHKEEPSIE, N.J. — CBRE has arranged the sale of Mid Hudson Center, a retail power center on Route 9 in Poughkeepsie. TFS Investment Group acquired the 235,599-square-foot retail center for $27.5 million as part of a 1031 exchange. The center is anchored by long-term leases with The Home Depot and Stop & Shop. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented the undisclosed seller in the transaction.

August 11, 2016

Mixed-Use Multifamily New York Northeast Retail

Marcus & Millichap Brokers $2.1M Sale of Mixed-Use Building in Brooklyn

by Amy Works August 11, 2016

NEW YORK CITY — Marcus & Millichap has arranged the sale of a mixed-use building located at 5617 Fifth Ave. in Brooklyn. An individual/personal trust purchased the 5,836-square-foot property from a private investor for $2.1 million. John Brennan of Marcus & Millichap represented the buyer and seller in the deal.

August 11, 2016

Arizona Retail Western

Cushman & Wakefield Brokers $47M Sale of Silverstone Marketplace in Scottsdale

by Nellie Day August 11, 2016

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the $47 million sale of Silverstone Marketplace, a newly constructed, 78,000-square-foot shopping center located in Scottsdale. The Sprouts-anchored shopping center is fully leased to tenants including Einstein Bagels, Verizon, Mattress Firm, 1st Bank, Tenet Urgent Care, Massage Green, Eddie Merlot’s Steakhouse, Firehouse Subs and Pacific Dental. Ryan Schubert and Michael Hackett of Cushman & Wakefield represented the buyer, Chicago-based LaSalle Investment Management. Ryan Amato and Jason Eisenberg of the Eisenberg Co. of Phoenix represented the seller, RHVT Limited Partnership.

August 11, 2016

California Retail Western

CBRE Negotiates $7.9M Sale of Retail Center in Torrance

by Nellie Day August 11, 2016

TORRANCE, CALIF. — CBRE has arranged the sale of the Artesia & Prairie Center, a triple-net-leased retail property located at 3931 and 3971 Artesia Blvd. in Torrance. A local private investor acquired the property from Makena Great American Prairie for $7.9 million. At the time of sale, the center was 100 percent leased to 12 tenants. Alex Kozakov and Patrick Wade of CBRE represented the seller, while Lee & Associates represented the buyer in the deal.

August 11, 2016

Retail Washington Western

Capital Pacific Arranges $19.3M Sale of Marketplace at Lynden in Washington

by Nellie Day August 11, 2016

LYNDEN, WASH. — Capital Pacific has arranged the $19.3 million sale of The Marketplace at Lynden, a 70,442-square-foot shopping center located in Lynden. Safeway anchors the fully occupied property, located at the corner of Guide Meridian and Birch Bay-Lynden Road. Capital Pacific secured a West Coast-based private buyer to complete the acquisition. The seller was undisclosed.

August 11, 2016

Market Reports Michigan Midwest Midwest Market Reports Retail

Michigan Retailers Are Expanding, Rents Are Growing, Investors Are Capitalizing

by Christina Cannon August 11, 2016

Chances are you have read the stories in the news lately about the challenges facing Michigan, the City of Detroit, or more recently the state’s seventh largest city, Flint. Between the chronicles of a once ailing automotive industry, the Chapter 9 bankruptcy filing by the City of Detroit in 2013 — the largest municipal bankruptcy in history — and most recently lead-tainted city water in Flint, there have been dozens of national headlines, sharp sound bites, and a litany of negative press coverage over the past few years. In short, over the past decade we have witnessed a roller coaster of economic events that have created a rather palpable investor stigma for Detroit and the State of Michigan as a whole. Despite the negative tone surrounding investment opportunities in Michigan, the state’s strong commercial real estate market is creating value for investors acquiring retail assets. Historically, Michigan shopping centers have traded at cap rates 50 to 100 basis below their national peers. Is this discount still warranted? Tide turns in Great Lakes As a brokerage firm dedicated to the sale of investment properties and retail tenant representation, Landmark Investment Sales and its parent company, Landmark Commercial Real Estate Services Inc., …

August 11, 2016

California Retail Western

Home Ranch Center in Yorba Linda Trades Hands for $15.9M

by Nellie Day August 10, 2016

YORBA LINDA, CALIF. — A Beverly Hills-based investment group has acquired Home Ranch Center, a 54,169-square-foot shopping center located in the Orange County community of Yorba Linda. The property — located roughly 35 miles outside of Los Angeles — comprises three buildings that are home to tenants including Blue Agave, Edible Arrangements, Crepe Maker, State Farm and Papa John’s. CJ Osbrink and Gleb Lvovich of HFF marketed the property on behalf of the seller, YL Friends Church.

August 10, 2016

California Mixed-Use Multifamily Retail Western

Kennedy Wilson Arranges $16M Sale of Mixed-Use Property in Santa Monica

by Nellie Day August 10, 2016

SANTA MONICA, CALIF. — Kennedy Wilson has arranged the $16 million sale of a 23,500-square-foot retail and multifamily property located at the corner of 11th Street and Wilshire Boulevard in Santa Monica. The multifamily component of the property consists of five units. All of the property’s buildings were fully leased at the time of sale. Ed Sachse, Fred Cordova and Christine Deschaine of Kennedy Wilson represented both the buyer, 11th and Wilshire LLC, and the seller, Paragon Properties, in the transaction.

August 10, 2016

Newer Posts

Older Posts

Upcoming Events

Aug
18