UNIONDALE, N.Y. — Developers BF Development and Basser-Kaufman have broken ground on a Walgreens drugstore at 585 Uniondale Ave. in Uniondale. The 13,000-square-foot store will include a drive-through window and will be situated on a 1.3-acre site. The store represents a departure from Walgreens' prototype, which is approximately 14,820 square feet. The project required developers to assemble five contiguous parcels owed by five separate owners in order to obtain the necessary acreage for the store. The developers have a triple-net lease with Walgreens for the site and the project is expected to be complete this winter.
GREENVILLE — Bright Realty has brokered the sale of a 1-acre parcel, located on Joe Ramsey Boulevard in Greenville, for a 5,000-square-foot free-standing Anytime Fitness. Britton Lankford of Bright Realty represented the buyer, a franchisee, in the transaction. Ray Howell of Ray Howell & Associates represented the seller.
WEST PALM BEACH, FLA. — A 50,000-square-foot office/warehouse property, which includes a showroom for a building supply store located at 713-715 25th St. in West Palm Beach, has sold for $2.8 million. Bill Reichel and Ken Duke of Reichel Realty & Investments represented the seller, Lainhart & Potter, in the REO transaction. Marjam Supply Co. was the buyer.
CHICAGO — Summit Design + Build has been selected to expand Little Goat, a diner, bar and bakery at 820 W. Randolph St. in Chicago. Stephanie Izard and BOKA Restaurant Group are the owners and developers of the project. Izard is the season four winner of “Top Chef,” a reality show that airs on the TV network Bravo. Little Goat is the second restaurant opened by Izard and BOKA in Chicago. Construction plans include stripping down the 10,000-square-foot building to the bare structure, installing a new elevator and adding square footage to the second floor. The build-out will include multiple custom kitchens, a 100-seat diner and a barista bar. Jonathan Splitt Architects is the project architect and Toronto-based Anacleto Design is the project designer. Construction is scheduled for completion in the third quarter of this year.
SAVAGE, MINN. — The Silver Group has arranged the $7.4 million sale of a single-tenant Walgreens at 4205 County Rd. 42 in Savage. Walgreens has approximately 21 years remaining on its lease. Barry Silver of The Silver Group represented the seller, a developer, in the transaction. The buyer was a family trust.
GRAYLING, OSCODA, MICH. — Kmart Corp. has extended two store leases at shopping centers owned by Agree Realty Corp. in Grayling and Oscoda, Mich. The lease extension are for two years. Both locations are freestanding stores which opened in 1984. The Grayling store is 52,320 square feet and the Oscoda store contains 90,470 square feet. The extended leases will expire on Sept. 30, 2014.
HOUSTON — ALDI has plans to enter the Houston market with 30 new stores and $100 million of capital expenditures in the next 3 years. ALDI is anticipating adding 400 new jobs for these new locations. The grocery chain currently has more than 1,200 stores in 32 states and 37 stores in Texas. The company opened 75 stores in 2011 and expects 80 new stores in 2012. The first ALDI stores in Houston will open in spring 2013, with more than 10 new locations.
ALEXANDRIA, MINN. — The Boulder Group has completed the $5 million sale of a single-tenant, net-leased Walgreens located at 910 Broadway St. in Alexandria. The 14,820-square-foot retail building was developed in 2008. Walgreens has 21 years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest family trust, in the transaction. They also represented the buyer, a Chicago-based investment firm.
BIRMINGHAM, MICH. — Related Birmingham LLC has sold a 32,487-square-foot former Borders Books at 34300 Woodward Ave. in Birmingham. Susan Acciaioli and Brad Rosenberg of Mid-American Real Estate-Michigan represented the buyer, a local private investor, in the transaction. They also represented the seller.
LAKELAND, FLA. — Twenty-five shopping centers, located in Florida, have sold for $50 million. The properties, which averaged 10 to 14 percent NOI's and were 70 to 100 percent leased, were auctioned by Lakeland-based Higgenbotham. More than 60 bidders participated online through HAI's online bidding platform.