TIFTON, GA. — HFF has arranged the sale of Publix Plaza, a 52,600-square-foot Publix-anchored shopping center in Tifton. Publix Super Markets Inc. purchased the property for approximately $7 million. Brad Peterson and Whitaker Leonhardt of HFF represented the seller, TMall Development LLC, an entity of Atlanta-based RCG Ventures, in the transaction. The property, which was built in 2012, was 98.1 percent occupied at the time of sale.
MORTON GROVE, ILL. — Marcus & Millichap has arranged the $7.6 million sale of Lonore Plaza, a 36,505-square-foot retail property located in Morton Grove, about 15 miles northwest of Chicago. Austin Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Oak Brook office, represented the buyer, an investment company, and the seller, a private investor. Lonore Plaza, located at 7132 Dempster St., was more than 91 percent occupied at the time of sale. Tenants include Bedding Experts, Drycleaning Factory, Subway and Betty’s Bistro.
EDEN PRAIRE, MINN. — DSW Shoe Warehouse has signed a lease for 18,852 square feet at the Eden Prairie Center in suburban Minneapolis. The new DSW will be located at 8251 Flying Cloud Drive in Eden Prairie. DSW is planning a third quarter 2014 opening date.SRS Real Estate Partners' Minneapolis office represented the tenant, DSW Shoe Warehouse, in the transaction. CAPREF Eden Prairie Center LLC represented the landlord.
TEMPE, ARIZ. — DSW Designer Shoe Warehouse has leased 20,000 square feet of space at Tempe Marketplace. The 1.3-million-square-foot shopping center is located at 2000 E. Rio Salado Parkway in Tempe. Todd Folger of CBRE’s Phoenix office represented both DSW and the center’s owner, Vestar, in this lease transaction.
BERWYN, ILL. AND JOPLIN, MO — Agree Realty Corp. has acquired two assets net leased to The Goodyear Tire & Rubber Co. and Mattress Firm Inc. in Berwyn, Ill., and Joplin, Mo., for $3.7 million. Goodyear recently signed a 15-year lease and has operated the store in suburban Chicago for more than 50 years. The Mattress Firm store, located in Joplin, is a new build-to-suit store located on a corner outlot of a Target-anchored shopping center. The average lease term remaining for the two assets is more than 13 years.
TEMPE, ARIZ. — DSW Designer Shoe Warehouse has leased 20,000 square feet of space at Tempe Marketplace. The 1.3-million-square-foot shopping center is located at 2000 E. Rio Salado Parkway in Tempe. Todd Folger of CBRE’s Phoenix office represented both DSW and the center’s owner, Vestar, in this lease transaction.
WALDORF, MD. — A new Silver Diner is set to open a new location at The Shops at Waldorf in Waldorf. The new 6,500-square-foot restaurant is slated to open in spring 2014. Silver Diner operates 15 locations in the Washington, D.C., metropolitan region, with the new Waldorf location being the only Silver Diner restaurant in southern Maryland. Madison Marquette manages The Shops at Waldorf, a 495,162-square-foot neighborhood center.
HOUSTON — Baker Katz has arranged a 2,633-square-foot lease for the first Houston location of fast casual pasta restaurant Noodles & Co. The new eatery will join sporting goods retailer Tyler’s and Bonefish Grill in what was formerly the Sears Automotive Building at 1555 Lake Woodlands Drive. Jason Baker of Baker Katz represented the tenant in the negotiations, while Kirk Dodson of General Growth Properties represented the landlord. Noodles & Co. now has eight locations in Texas and plans to continue expansion in the Houston market through the end of 2015.
PALATINE, ILL. — Sperry Van Ness Chicago Commercial has arranged the sale of a 1.5-acre site including a 4,363-square-foot retail building in suburban Chicago for $1.4 million. The freestanding retail building, which was previously occupied by Applebee’s, is located at 741 E. Dundee Road in Palatine. The parcel has been sold to a local developer who plans to redevelop the parcel into a new 10,000-square-foot, multi-tenant retail center. Craig Franzen and Ben Andrews of Sperry Van Ness represented the buyer and seller in the transaction.
OAKBROOK TERRACE, ILL. — NAI Hiffman has represented the ownership in three separate retail transactions in the Chicago suburbs. Jewel Food Stores Inc. signed a new 10-year lease with F&J Tan LLC, a dental group, at the Jewel-anchored center at 7339 S. Cass Ave. in Darien. F&J Tan plans to open in early 2014. At the Jewel-anchored Woodstock Center at 113 S. Eastwood Drive in Woodstock, 111 Eastwood LLC signed physical therapy provider, Athletico, to a five-year lease for 2,625 square feet. Athletico plans to open this location by the end of the year. At City Park, located at 250 Parkway Drive in Lincolnshire, ECD-Lincolnshire Retail LLC signed Roosters Men’s Grooming Center to a five-year lease for 1,300 square feet. The men’s hair salon will open for business in early 2014. Jennifer Hopkins, Michael Meksto and Jim Tsevis of NAI Hiffman’s retail services group represented Jewel Food Stores in its lease with F&J Tan. Hopkins also represented 111 Eastwood LLC and ECD-Lincolnshire Retail LLC. Joseph Rossi of Joseph Rossi & Associates represented F&J Tan; Peter Scannell of Mid-America represented Athletico; and Jack Siragusa of Cushman & Wakefield represented Roosters Men’s Grooming Center.