NEW YORK CITY — Winick Realty Group has been hired by Columbia University to market retail space at 2884 Broadway, between 112th and 113th streets. Formerly occupied by Card-O-Mat, the space is 1,240 square feet on the ground floor with 13-foot ceilings. The retail center is located between two subway stops near the main gate to the campus, and just two storefronts away from the legendary Tom’s Restaurant made famous by the television show Seinfeld.
FRESNO, CALIF. — A 52,400-square-foot retail property in Fresno that is triple-net leased to El Super supermarket has sold to Super AB, LLC for $8.7 million. The property is located at 3190 East Tulare Street within the Heritage Square retail center. The buyer was represented by Matt Mousavi of Faris Lee Investments. The seller, Tulare & 1st Fresno, LLC, was represented by CBRE’s Art Flores.
OLDSMAR, FLA. — Marcus & Millichap has arranged the sale of North Tampa Shores, a 31,022-square-foot retail property in Oldsmar for $5.1 million. The property is located at 4009-4013 Tampa Road and tenants include FedEx, AT&T, Flamestone American Grill and Moe's Southwest Grill. Rob Keeler of Marcus & Millichap represented the buyer, a limited liability company.
SCHAUMBURG, ILL. — Inland Private Capital Corp. (IPCC) has sold a 100,773-square-foot retail property, located at 905-915 E. Golf Road in Schaumburg, for $12.4 million. The property is anchored by Bed, Bath & Beyond and Golfsmith and is located near Woodfield Mall. Prior to completion of the sale, an affiliate of IPCC renegotiated and extended the leases of Bed, Bath & Beyond and Golfsmith through Jan. 31, 2023 and Sept. 20, 2017, respectively. Affiliates of Inland offered tenant-in-common interests in the property to a group of investors in a private offering in 2004 and continued managing the property on their behalf.
AUSTIN, TEXAS — Austin-based World Class Capital Group has acquired the 100,000-square-foot Galleria Oaks, a retail center located in northwest Austin on Research Boulevard. World Class purchased the property from a Los Angeles-based investment firm. World Class currently owns and operates retail properties in 10 states and 21 markets.
WOODLAND, CALIF. – Walmart has announced plans to open a new Walmart Neighborhood Market in Woodland. The smaller-format store will occupy a 62,000-square-foot building at 1250 E. Gibson Road about 15 miles northwest of Sacramento. The building was previously occupied by Mervyn’s at the County Fair Fashion Mall. The mall is owned by County Fair Fashion Mall, LLC and managed by Primero Management. Scott Sterlekar serves as the mall’s director of real estate and leasing.
KNOXVILLE, TENN. — Developer CHM LLC has broken ground on University Commons, Knoxville's first urban, vertical retail complex. The property will be situated on 12 acres near the University of Tennessee and will include 211,000 square feet of retail space and parking. The shopping and dining development is located on the former Fulton Bellows site. Walmart and Publix will anchor the property and more than 40,000 square feet will be dedicated to smaller retailers and service providers once the project is completed. The complex is expected to fill a grocery and retail void in the downtown and university areas, in what is considered a federally designated “food desert,” says Mike Griffin, a partner with CHM. The Walmart and Publix are slated to open in the summer of 2014.
MONROEVILLE, ALA. — A joint venture between Bright Interest and Timber Development is developing Monroeville Marketplace Shopping Center, a 40,000-square-foot property adjacent to a Walmart Supercenter in Monroeville. Tenants at the $4.5 million center will include Dollar Tree, Cato, Shoe Show and Verizon Wireless. The center is expected to open this summer.
THE WOODLANDS, TEXAS — First Victoria National Bank has purchased a 1.24-acre site in the future Creekside Park Village Center in The Woodlands. The new bank branch will be located at the northeast corner of Creekside Forest Drive and Kuykendahl Road in The Woodlands. The bank will feature two drive thru lanes, a deposit-enabled ATM, two conference centers with video phones and a V-Souce Center, a club-style business center with fax machines, copiers, computers and WiFi. Construction is slated to begin in early 2014. Felix Zamilkovsky of New Regional Planning represented First Victoria National Bank in the land sale. Todd Edmonds of Colliers International represented the seller, The Woodlands Development Co., a subsidiary of The Howard Hughes Corp.
WOODLAND, CALIF. – Walmart has announced plans to open a new Walmart Neighborhood Market in Woodland. The smaller-format store will occupy a 62,000-square-foot building at 1250 E. Gibson Road about 15 miles northwest of Sacramento. The building was previously occupied by Mervyn’s at the County Fair Fashion Mall. The mall is owned by County Fair Fashion Mall, LLC and managed by Primero Management. Scott Sterlekar serves as the mall’s director of real estate and leasing.
