Retail

Walmart Breaks Ground on Supercenter at Metrocenter Mall in Phoenix

by Nellie Day July 21, 2016

PHOENIX — Walmart has broken ground on a 148,000-square-foot Walmart Supercenter located at Metrocenter Mall in Phoenix. The new Supercenter will feature a full-service pharmacy and a complete line of groceries, including organic selections, fresh dairy and meat departments. Walmart will construct the supercenter with LED lighting, high-efficiency HVAC units and drought-tolerant landscaping, irrigated with a low-flow and drip water system. The Supercenter is scheduled for completion in spring 2017, and will employ an estimated 250 associates. Metrocenter Mall, owned by Carlyle Development Group, opened in 1973.

July 21, 2016

California Retail Western

Hanley Investment Group Arranges $3.2M Sale of Starbucks-Anchored Pad Building in Chino

by Nellie Day July 21, 2016

CHINO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $3.2 million sale of a 3,900-square-foot, multi-tenant pad building located at Stater Bros. Plaza in Chino. Starbucks Coffee anchors the property, which is located at 7055 Schaefer Ave. The site contained one vacant unit at the time of sale. Ed Hanley and Bill Asher represented the seller, Euclid Pad II LLC, and Michelle Chen of RE/MAX Premier Properties represented the buyer, a Southern California-based private investor, in the transaction.

July 21, 2016

California Retail Western

Food 4 Less to Open at Five Cities Center in Arroyo Grande

by Nellie Day July 21, 2016

ARROYO GRANDE, CALIF. — PAQ Inc. has acquired a 63,737-square-foot vacant building located in Five Cities Center, a 467,000-square-foot power center located in the California Central Coast community of Arroyo Grande, with the intention of opening a new Food 4 Less location. Haggen Food & Pharmacy Store formerly occupied the building. Nick Foster and Jonathan Metcalf of HFF represented the seller, Haggen Property Holdings LLC, in the transaction. Tenants at Five Cities Center include Walmart, Trader Joe’s, Regal Cinemas and Pier 1 Imports.

July 21, 2016

Office Retail Texas

Lee & Associates Negotiates 10,500 SF Office/Retail Sale in Dallas

by Haisten Willis July 21, 2016

DALLAS — Lee & Associates has negotiated the sale of a 10,500-square-foot office/retail building located at 1528 Slocum St. in Dallas. Nathan Denton of Lee & Associates’ Dallas/Fort Worth office represented the buyer, Tatum Brown Custom Homes. Doug Molny with Jim Lake Cos. represented the seller, Mark Modares.

July 21, 2016

Florida Retail Southeast

NAI Miami Negotiates NightLife Brewing’s Lease at Shops of Marlins Park in Miami

by John Nelson July 21, 2016

MIAMI — NAI Miami has arranged a 10-year, 11,300-square-foot retail lease at Shops of Marlins Park in Miami for a new brewery. NightLife Brewing Co. will open its new microbrewery facing the main pavilion of Marlins Park in the Home Plate parking garage known as P1 at Marlin’s Park, located at 1588 N.W. 7th St. The Shops of Marlins Park spans 57,501 square feet of office and retail space situated in three of the four parking garages of Marlins Park, home of the Miami Marlins baseball team. With the NightLife Brewing lease, occupancy at the Shops of Marlins Park is at 61 percent. Jeremy Larkin and Joseph Gallaher of NAI Miami represented the landlord, the city of Miami, in the lease transaction, which was valued at $2.6 million. The lease marks the first brewery approved in a retail zoning for the city of Miami.

July 21, 2016

California Retail Western

Regency Acquires Klahanie Shopping Center in Metro Seattle for $36M

by Nellie Day July 20, 2016

ISSAQUAH, WASH. — Regency Centers Corp. has acquired Klahanie Shopping Center, a grocery-anchored shopping center located in the Seattle suburb of Issaquah, for $36 million. A 40,000-square-foot Quality Food Centers (QFC) anchors the property. Tenants at the center include Starbucks Coffee, Great Clips, Wells Fargo and Subway.

July 20, 2016

Arizona Retail Western

Marcus & Millichap Arranges $3.4M Sale of Raising Cane’s in Arizona

by Nellie Day July 20, 2016

CASA GRANDE, ARIZ. — Marcus & Millichap has arranged the $3.4 million sale of a 3,616-square-foot, net-leased property occupied by Raising Cane’s in Casa Grande. Jamie Medress and Mark Ruble of Marcus & Millichap represented the seller, an undisclosed developer, and secured and represented the buyer, an undisclosed limited liability company, in the transaction.

July 20, 2016

California Retail Western

Irvine Co. Adds Seven Tenants to Santa Clara Square Marketplace in Silicon Valley

by Nellie Day July 20, 2016

SANTA CLARA, CALIF. — Irvine Co. Retail Properties has added seven new tenants to Santa Clara Square Marketplace, a 125,000-square-foot shopping center located in Silicon Valley. New additions include Sur La Table, Lula’s Chocolates, Specialty’s Café & Bakery, Opa!, CorePower Yoga, Books Inc. and COMEBUY Drinks. Sur La Table and Lula’s Chocolates are set to open this summer, with the rest of the new retailers opening later this year. The shopping center is located within the 100-acre, master-planned community of Santa Clara Square.

July 20, 2016

New Mexico Retail Western

Jimmy’s Egg Plans 52 New Restaurants, Including Entry to New Mexico

by Nellie Day July 20, 2016

ALBUQUERQUE, N.M. — Jimmy’s Egg Franchise Systems has signed six area development agreements for 52 new restaurants to be built in Kansas, Arkansas, Texas, New Mexico, Nebraska and Iowa. This development activity will bring Jimmy’s Egg into three new states: Arkansas, New Mexico and Iowa. Jimmy’s Egg was founded by Loc Le and opened in Oklahoma City in 1980. The chain currently includes 51 locations, prior to this new expansion.

July 20, 2016

Retail Texas

NAI Robert Lynn Brokers Sale of Auto Dealership in Plano

by Haisten Willis July 20, 2016

PLANO, TEXAS — The NAI Robert Lynn industrial division has represented Autos of Dallas in the purchase of the 55,000-square-foot Ex-Ewing Buick GMC Dealership in Plano, which will allow the auto dealer to nearly double its inventory to 1,000 vehicles. The new dealership will make Autos of Dallas the largest independent auto dealer in metro Dallas. NAI Robert Lynn’s Chad Albert represented Autos of Dallas in the transaction. Autos of Dallas will move from its current location in Addison, previously known as the Addison Square Garden Ice Rink, to its new headquarters on eight acres at 4472 Plano Parkway.

July 20, 2016

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