Retail

HFF Arranges $33M Refinance of The Village at Nellie Gail Ranch in Laguna

by Nellie Day August 19, 2015

LAGUNA HILLS, CALIF. — Holliday Fenoglio Fowler (HFF) has secured a $33 million refinancing for The Village at Nellie Gail Ranch, an 87,561-square-foot Smart & Final Extra-anchored shopping center located in Laguna Hills. James Fowler and Greg Brown of HFF represented the borrower, Fred Sands of Vintage Real Estate, to secure the two-year, floating-rate loan with three one-year extensions through Colony Capital. Tenants at the center include Chuck E. Cheese’s, Nothing Bundt Cakes, Banfield Pet Hospital, Rita’s Ice, Pharmaca, Laguna Hills Dental and Edible Arrangements. Loan proceeds will be used to refinance existing debt and fund capital expenditures related to tenant improvement costs and leasing commissions to lease the limited remaining vacant space.

August 19, 2015

California Loans Retail Western

DTZ Mortgage Services Closes $8.7M Acquisition Loan for Retail Center

by Nellie Day August 19, 2015

CONCORD, CALIF. — DTZ Mortgage Services has closed an $8.7 million leasehold acquisition loan for the Four Corners Shopping Center in Concord. Located at Monument Boulevard and Oak Grove Road, the property consists of 35,921 square feet of retail space. Kurt Scheidt and Terry Daly of DTZ Mortgage Services arranged the non-recourse, fixed-rate loan for the borrower, Farm Sub LCC.

August 19, 2015

California Loans Retail Western

Madison Marquette, Carlin Arrange Recapitalization of Napa Retail Center

by Nellie Day August 19, 2015

NAPA, CALIF. — A joint venture between Madison Marquette and Carlin Co. has arranged the recapitalization of Oxbow Publix Market, a 30,000-square-foot shopping center located in Napa. The center is 98 percent occupied by tenants including Hog Island Oyster Co., Gott’s Roadside, Five Dot Ranch, C Casa, The Fatted Calf, Kitchen Door, The Model Bakery, Ritual Coffee Roasters and Oxbow Cheese and Wine.

August 19, 2015

Michigan Midwest Retail

Armada Real Estate Arranges 21,209 SF Retail Lease at Marysville Plaza in Michigan

by Jonathan Mehall August 18, 2015

MARYSVILLE, MICH. — Armada Real Estate Services has negotiated a 21,209-square-foot retail lease in Marysville Plaza in Marysville, about five miles south of Port Huron. Tractor Supply Co. plans to open a new store in the retail center, located at 3200 Gratiot Ave., in September. The lease is for 10 years. Harry Barash of Armada Real Estate Services represented the landlord, Marysville Plaza LCC, in the transaction. Derek Marine and Chris Kettler of Kettler Real Estate in Norton Shores represented Tractor Supply Co.

August 18, 2015

Mixed-Use New Hampshire Northeast Office Restaurant Retail

Encore Retail Acquires Land for Mixed-Use Development in New Hampshire

by Amy Works August 18, 2015

BEDFORD, N.H. — Encore Retail LLC, a subsidiary of Dallas-based Encore Enterprises Inc., has acquired land in Bedford to develop a high-density mixed-use development on more than 16 acres. At greater than 200,000 square feet, the Class A property will feature fashion, recreation, fitness, dining and office space on South River Road. A Whole Foods is currently under construction contiguous to this site and is scheduled to open in spring 2016. Construction on the mixed-use project is slated to begin in the fourth quarter of 2016. Prellwitz Chilinski Associates is providing architectural services for the project. Theodore Chryssicas of Newmark Grubb Knight Frank brokered the land transaction. Terms of the transaction were not released.

August 18, 2015

Mixed-Use Multifamily New York Northeast Retail

Brooklyn Standard Properties Buys Mixed-Use Building in Brooklyn for $5.2M

by Amy Works August 18, 2015

NEW YORK CITY — Brooklyn Standard Properties (BSP) has acquired a four-story, mixed-use building located at 116 Bedford Ave. in Brooklyn’s Williamsburg neighborhood. FAO Corp. sold the 6,000-square-foot property for $5.2 million. The building features eight apartment units, which BSP plans to convert into four two-bedroom units, one three-bedroom unit and a one-bedroom unit. BSP also plans to extend the rear of the building by 1,000 square feet on the first floor, converting the ground-floor space into a 2,500-square-foot commercial space. Brendan Maddigan of Cushman & Wakefield represented the seller in the transaction.

August 18, 2015

California Retail Western

Codding Enterprises Sells Shopping Center in Santa Rosa for $16.3M

by Nellie Day August 18, 2015

SANTA ROSA, CALIF. — Codding Enterprises LP has completed the disposition of the fully leased Cleveland Shopping Center in Santa Rosa to Hornstein Investments for $16.3 million. Situated on 3.5 acres, the two-building, 52,340-square-foot retail center is leased to Dick’s Sporting Goods and Patelco Credit Union. Dan Wald, Eric Kathrein, Justin Sharp and John Schaefer of DTZ represented the seller, while Bob Tuller of DTZ represented the buyer in the transaction.

August 18, 2015

New Jersey Northeast Retail

Marcus & Millichap Arranges Sales of Two New Jersey Shopping Centers

by Amy Works August 18, 2015

PARAMUS, N.J. — Marcus & Millichap has arranged the sales of two shopping centers in Paramus. In the first transaction, Sprout Brook Shopping Center traded for approximately $14.8 million, or $680 per square foot. The multi-tenant property offers 21,875 square feet of retail space. In the second transaction, Franklin Commons, a 43,327-square-foot shopping center and medical office building, sold for $14.8 million, or $342 per square foot. Alan Cafiero and Ben Sgambati of Marcus & Millichap represented the undisclosed sellers in the two separate transactions and procured the undisclosed buyer for Sprout Shopping Center. John Abuja, also of Marcus & Millichap, secured the undisclosed buyer of Franklin Commons. Both assets were acquired as part of a 1031 exchange transaction.

August 18, 2015

California Retail Western

Burger King Building in Highland Sold for $2M

by Nellie Day August 18, 2015

HIGHLAND, CALIF. — Progressive Real Estate Partners has arranged the sale of a 3,541-square-foot Burger King in Highland for $2 million. A Pasadena-based private investor purchased the building. Frank Vora of Progressive represented the seller, also a private investor, in the transaction.

August 18, 2015

California Restaurant Retail Western

Dolce Pane e Vino to Open in San Diego

by Nellie Day August 18, 2015

SAN DIEGO — Dolce Pane e Vino will open a 5,126-square-foot location at The Village at Pacific Highlands Ranch, a 160,000-square-foot mixed-use development located in the North County Carmel Valley area of San Diego. The restaurant is expected to open in November. Randee Stratton of Newmark Grubb Knight Frank completed the lease on behalf of Dolce Pane e Vino. CBRE represented the owner, PHR Village LLC.

August 18, 2015

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