Retail

Venture Represents WinCo Foods in Securing Two New Locations in Metro Dallas

by Haisten Willis August 27, 2015

ARLINGTON AND FORT WORTH, TEXAS — Venture Commercial Real Estate has represented WinCo Foods LLC in deals to open new stores in Arlington and Fort Worth. In Arlington, WinCo has leased an 85,000-square-foot building in the Bardin Place shopping center, located on the southwest corner of I-20 and South Cooper Street. WinCo will join tenants including Ross Dress for Less, Hobby Lobby and Dollar Tree. WinCo expects to start construction this fall. In Fort Worth, WinCo acquired a 10.5-acre tract and is expected to begin construction this fall on an 85,000-square-foot store located on the southeast corner of Tehama Ridge Parkway and Presidio Vista Drive. Kevie Beard, McGregor Converse, Jonathan Cooper and Theo Thompson of Venture represented WinCo in both deals. Caroline Woodbury and Don Woodbury of DWC Commercial Properties coordinated acquisition, development and entitlement of the properties. Mike Axelrad, Sr. represented Brixmor Property Group, the landlord in the Arlington lease. Weber & Co., the landlord in the Fort Worth transaction, was self-represented. WinCo Foods operates five stores in North Texas in Lewisville, Fort Worth, McKinney, Duncanville and North Richland Hills. A Garland store is expected to open this month.

August 27, 2015

Friedman Arranges Sale of Retail Power Center in Sterling Heights, Mich.

by Amy Works August 27, 2015

STERLING HEIGHTS, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of The Forum at Gateways, located at 44575-44833 Mound Road in Sterling Heights. The property sold on Auction.com for more than $20 million. The 258,105-square-foot property is ideally located in a highly developed and densely populated residential and commercial area along M-59. Barry Swatsenbarg and Rich Deptula of Friedman represented the undisclosed seller in the transaction.

August 27, 2015

Connecticut Northeast Retail

Urstadt Biddle Properties Sells Townline Square Shopping Center for $44.5M

by Amy Works August 27, 2015

MERIDEN, CONN. — Urstadt Biddle Properties has completed the disposition of Townline Square Shopping Center, located at 533 S. Broad St. in Meriden. A private real estate investment group acquired the 315,000-square-foot property for $44.5 million in an all-cash transaction. The property features more than 25 stores, including Michael’s, Pier 1 Imports, Marshalls, #1 Nails, Miracle-Ear, Ting Ho Restaurant, Once Upon a Child and GNC. Jim Koury of HFF represented the seller and procured the buyer in the transaction.

August 27, 2015

Massachusetts Northeast Retail

Marcus & Millichap Brokers $18.7M Sale of Net-Leased Grocery Store in Brockton

by Amy Works August 27, 2015

BROCKTON, MASS. — Marcus & Millichap has brokered the sale of a net-leased Stop & Shop grocery store located at 932 N. Montello St. in Brockton. The 65,425-square-foot property sold for $18.7 million, or $286 per square foot. Eight years remain the Stop & Shop’s original Royal Ahold N.V.-guaranteed, 20-year double-net lease. Robert Horvath of Marcus & Millichap’s Boston office represented the seller and procured the buyer. The names of both parties were not released.

August 27, 2015

Mixed-Use Multifamily New York Northeast Retail

GFI Realty Arranges $16M Acquisition of Washington Heights Mixed-Use Property

by Amy Works August 27, 2015

NEW YORK CITY — GFI Realty Services has arranged the acquisition of a mixed-use property located at 3750 Broadway in Manhattan’s Washington Heights neighborhood. A Miami-based investor purchased the property for $16 million from Monarch Realty Holdings LLC. The elevator building features 32 residential apartments and four ground-floor retail units. Ohad Babo of GFI Realty represented the seller, while Roni Abudi, also of GFI, represented the buyer in the transaction.

August 27, 2015

New York Northeast Retail

Indoor Golf Location Leases 6,435 SF at Dewitt Town Center in Syracuse

by Amy Works August 27, 2015

SYRACUSE, N.Y. — Par’s Indoor Golf has leased 6,435 square feet of retail space at 3179 Erie Blvd. within Dewitt Town Center in Syracuse. The family-owned-and-operated indoor golf center features six state-of-the-art golf simulators. The new location is slated to open at the end of October. Lindsey Forcione of The Icon Companies represented the tenant, while Grazi Zazzara, also of The Icon Companies, represented the undisclosed landlord in the transaction.

August 27, 2015

North Carolina Retail Southeast

Ziff Properties Acquires Shopping Center in Metro Charlotte for $8.2M

by John Nelson August 27, 2015

MATTHEWS, N.C. — Ziff Properties Inc. has purchased Matthews Festival Shopping Center, a 127,817-square-foot shopping center located at the corner of East Independence Boulevard and Matthews Township Parkway in Matthews, roughly 12 miles south of Charlotte. Ziff Properties purchased the center from an undisclosed seller for $8.2 million. The property’s tenant roster includes Big Lots, Miracle Ear, Springleaf Financial, Merle Norman Cosmetics, Tequilerias and Tamarind Fine Cuisine of India. Ziff Properties plans to renovate the shopping center. Bryan Wyker of The Providence Group represented the buyer in the transaction and will continue to work on repositioning efforts along with Alex Kelly of Tribek Properties.

August 27, 2015

Market Reports Midwest Midwest Market Reports Missouri Retail

Hungry to Expand, Fresh-Format Grocers Boldly Enter St. Louis Market

by Jeff Shaw August 27, 2015

Family-owned grocers Schnucks and Dierbergs solidified their position as the primary grocers across the St. Louis metro area when Schnucks acquired 57 stores from National Supermarkets in 1995. But after several years of these two chains dominating the grocery sector, an influx of fresh-format grocery stores is shaking up the market by offering shoppers fresh, local, organic — and in some cases more affordable — whole food choices. These new chains — typically half the size of traditional grocers — appeal to a younger customer, as well as those looking to supplement their grocery shopping or find items for special occasions. Consumers interested in the offerings of fresh-format grocers are willing to drive farther to shop at their stores. New Entrants Abound Fields Foods, a “homegrown” fresh-format grocer, opened its first location in the Lafayette Square neighborhood in January 2014. The newly constructed 37,000-square-foot, stand-alone building is just south of downtown’s central business district. The grocer markets produce provided by farmers within 100 miles of the store, and also features a wine bar and personal shoppers. This unique, full-service grocer is locally owned and was the first fresh-format store to enter the metro area. Fields Foods has plans to expand …

August 27, 2015

Mixed-Use Retail Texas

Weitzman Negotiates Sale of Mixed-Use Development in Metro Dallas

by Haisten Willis August 26, 2015

RICHARDSON, TEXAS — The Weitzman Group has negotiated the sale of The Shire, an 83,000-square-foot mixed-use retail and office project located at President George Bush Turnpike and Jupiter Road in Richardson. A local investment group formed by Huey Investments and Standridge Cos. was the buyer. Restaurateur Dale Wamstad was the seller. Eddie Liebman and Joey Keffler with The Weitzman Group handled negotiations. The Shire features restaurants as well as service and office users. Restaurants in the retail space include Silver Fox Steakhouse, Ye Shire Tavern, Main Street Bistro/Bakery, Thai’s Thumbz Urban Kitchen and Apollonia’s Italian Kitchen. Other tenants include Bright Horizons Child Care and Republic Title.

August 26, 2015

Retail Texas

M&M Arranges Sale of 14,425 SF Retail Property in Metro Dallas

by Haisten Willis August 26, 2015

ARLINGTON, TEXAS — Marcus & Millichap has arranged the sale of Block 300, a 14,425-square-foot retail property located in Arlington. Philip Levy of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a developer. Levy also secured the buyer, a private investor. Block 300 is located at 300 E. Abram St. The subject property is a 14,425-square-foot multitenant retail center that is 100 percent occupied. Tenants include Flying Fish restaurant, CearnalCo, Mijo’s restaurant, J. McIntyre Interiors, Twisted Root Burger Co. and Hooligans Pub. The building was constructed in 1956 and sits on 0.9 acres. The subject property is located in a recently revitalized downtown area of the city. It is two blocks east of the University of Texas at Arlington and less than two miles from the Dallas Cowboys stadium, The Ballpark in Arlington and a General Motors assembly plant.

August 26, 2015

Newer Posts

Older Posts