RIALTO, CALIF.– The Shoppes at Creekside, a 17,480-square-foot retail center that is anchored by Fresh & Easy and Walgreens, has sold to a private LLC for $5.1 million. It is located at 2019 North Riverside Ave. Other notable tenants include Fitness 19, Corky's Bakery and Sal y Limon. Rick Raymundo of Marcus & Millichap represented the buyer in this transaction.
LOS ANGELES — Westwood Center, a 34,136-square-foot shopping center in Los Angeles, has received $5.5 million in financing. The center is located at 2180 Westwood Blvd. It is fully occupied by tenants such as Subway, Fast Frame, Beauty Supplies and MB Nails. The seven-year loan, which was used to refinance existing debt, carries a 5 percent fixed interest rate. HFF’s James Fowler arranged the loan for Westwood Center LLC.
BALTIMORE — Minneapolis-based Target Corp. will open a new Target store in Baltimore in October 2013 as part of the Canton Crossing Shopping Center on Boston Street. The new Target will be approximately 135,000 square feet and will employ approximately 200 employees. The Baltimore East location will be the third Target in Baltimore.
FAYETTEVILLE, N.C. — Fayetteville’s Cross Creek Mall will expand by 46,000 square feet and will deliver new tenants Chico’s, LOFT, White House/Black Market, Men’s Warehouse, Reed’s Jewelers and Lane Bryant by fall 2013. Construction is set to begin in early 2013. Cross Creek Mall is located at the intersection Morganton and Skibo roads in Fayetteville. The regional mall is anchored by Belk, Macy’s, JC Penney and Sears. Chattanooga, Tenn.-based CBL & Associates Properties Inc. owns Cross Creek Mill.
CHICAGO — Parisian fashion retailer Yves Saint Laurent has leased 2,375 square feet in the Waldorf Astoria Hotel at 11 East Walton St. in Chicago. The boutique will offer men and women's clothing and accessories. Additional high-end retailers in the area include Barneys New York, Hermes, Lululemon, Oliver People and Scoop NYC. Janika Brenner and Adam Secher of Baum Realty Group represented the tenant in the transaction. First Elysian Hotel Co. is the landlord.
FORT WORTH — Sundance Square, a 35-block commercial, retail, residential and entertainment district in downtown Fort Worth, has added several new retailers in time for the holiday season. Coyote, a women's boutique shop, has opened a 2,400-square-foot space at 317 Houston St.; Salata, a next-generation salad bar, has opened a store at 520 Commerce St.; and BB&T opened a 4,200-square-foot bank branch on the ground floor and 4,000 square feet of office space on the second floor of the Caceria Building at Fifth and Commerce streets. Additionally, Flowers to Go is set to open a 790-square-foot shop at 325 Houston St. in January and a two-story, 9,000-square-foot Del Frisco's Grille is coming to the plaza, which is slated for an October 2013 completion.
HOUSTON — Orlando, Fla.-based Cuhaci & Peterson Architects has started to design four Fresh Market stores in the Houston area. The four stores, which all span approximately 23,000 square feet, are located in the Uptown/Tanglewood, Memorial, River Oaks and West University neighborhoods. The four stores are slated for a late 2013 opening.
LOS ANGELES — Westwood Center, a 34,136-square-foot shopping center in Los Angeles, has received $5.5 million in financing. The center is located at 2180 Westwood Blvd. It is fully occupied by tenants such as Subway, Fast Frame, Beauty Supplies and MB Nails. The seven-year loan, which was used to refinance existing debt, carries a 5 percent fixed interest rate. HFF’s James Fowler arranged the loan for Westwood Center LLC.
SANDY SPRINGS AND MARIETTA, GA. — Atlanta-based Branch Properties LLC has purchased two retail properties in the Atlanta area. The firm acquired City Walk in Sandy Springs for $24.5 million in a special servicer-managed REO sale. City Walk is a 168,100-square-foot shopping center anchored by Kroger and located on Sandy Springs Drive. It is 71 percent leased. Fain Hicks of NAI Brannen Goddard and C-III Realty Services brokered the transaction. Branch Properties LLC also acquired 53,600 square feet of small shop space in three buildings at Merchant’s Festival in Marietta for $13.1 million. The Target-anchored shopping center is located at the intersection of Johnson Ferry and Roswell roads. Target sold the space to Branch Properties but the Target retail space in Merchant’s Festival was not included. Chris DeCoufle and Kevin Reavey of CBRE represented Target in the transaction.
MILWAUKEE — Dollar General has signed a lease for 9,952 square feet of retail space at Silver Bay Plaza, located at 1935 W. Silver Spring Drive in Milwaukee. Jon Thoresen of Commercial Property Associates represented the landlord, Silver Bay Plaza, in the transaction.