Retail

CBRE ARRANGES $13.6M FINANCING FOR COPPELL MARKET

by admin November 1, 2011

COPPELL — CBRE has secured $13.5 million in financing for the 90,225-square-foot Coppell Market, a grocery-anchored shopping center located at the northeast corner of North Denton Tap Road and Highway 121 in Coppell. The shopping center is anchored by a 69,800-square-foot Market Street store and was 97 percent leased at the time of closing. Scott Lewis of CBRE's Debt & Equity Finance Group in Dallas arranged the 10-year loan with a 30-year amortization schedule through Goldman Sachs Commercial Mortgage Capital on behalf of the borrower, an entity controlled by UCD Development and Rainier Capital Management.

November 1, 2011

FRESH & EASY BUYS SPACE ALONG LA’S MELROSE AVE.

by admin November 1, 2011

LOS ANGELES — Colliers International has sold a 15,978-square-foot property along Los Angeles’ famed Melrose Avenue to Fresh & Easy for an undisclosed sum. The space was built in 1997 and resides along the Hollywood/Melrose retail corridor. Fresh & Easy was represented by Mike Grannis and Brent Cunningham of Highland Partners. The seller was represented by Fred Córdova, Tom Lagos, Morgan McEvoy, Frank Magana and Ryan Eddy of Colliers’ Downtown Los Angeles office, along with Mike Fay, who is the president of Colliers’ Miami office.

November 1, 2011

Retail Southeast

BURLINGTON COAT FACTORY OPENS 70,000-SQUARE-FOOT STORE

by admin October 31, 2011

DORAVILLE, GA. — Burlington Coat Factory has opened a 70,000-square-foot store at Doraville Plaza, located at 5766 Buford Hwy. in Doraville. This is Burlington's 14th location for the state of Georgia.

October 31, 2011

Northeast Retail

HOULIHAN-PARNES CLOSES $5 MILLION LOAN

by admin October 31, 2011

BRONX, N.Y. — Houlihan-Parnes Realtors LLC, a real estate investment company, has closed a $5 million loan on a 12,250-square-foot retail property, located at 4174 White Plains Rd. in Bronx, N.Y. Tenants include T-Mobile, McDonald's and H&R Block. Jim Coleman and Jerry Houlihan represented Houlihan-Parnes in the transaction. The loan term is 10 years.

October 31, 2011

Retail Southeast

CONTINENTAL REALTY CORP. BUYS RETAIL PROPERTY FOR $5.05M

by admin October 28, 2011

ROYAL PALM BEACH, FLA. — Continental Realty Corp. has purchased a 30,500-square-foot retail property, located at 101 S. State Rd. 7 in Royal Palm Beach. The property is fully leased to Office Depot and Mattress Giant. Clinton Texter of Marcus & Millichap's San Francisco office represented the buyer in the transaction.

October 28, 2011

Retail Southeast

TWO VA. DOLLAR GENERAL STORES SELL FOR $2.54M

by admin October 28, 2011

MADISON AND FERRUM, VA. — Two Virginia Dollar General Stores, located in Madison and Ferrum, have been sold for $2.54 million. Andrew Fallon of Calkain Cos.' Bethesda, Md., office represented the seller, the developer of the assets, in the transaction. Arthur Judelsohn of Pyramid Brokerage Co.'s Buffalo, N.Y., office represented the buyer, a Northeast real estate development company.

October 28, 2011

Midwest Retail

JOS. A. BANK OPENS NEW LOCATION IN KANSAS

by admin October 28, 2011

PRAIRIE VILLAGE, KAN. — Jos. A. Bank, a national clothing line, opened a new location at The Village in Prairie Village, Kan. Justin Kaufmann of LANE4 Property Group, Inc. the leasing and management company for the shopping center, negotiated the lease for the 3,667 square foot space, located at 3925 W. 69th Terrace.

October 28, 2011

Northeast Retail

SL GREEN REALTY SELLS TWO RETAIL CONDOS FOR $46M

by admin October 28, 2011

NEW YORK — SL Green Realty Corp. and its joint venture partner Jeff Sutton have sold two retail condominium units at 141 Fifth Ave. in New York for $46 million. The condominiums encompass about 9,860 square feet, and are situated two blocks south of Madison Square Park. Eastdil Secured represented the seller and Eastern Consolidated represented the buyer in the transaction.

October 28, 2011

Northeast Retail

WESTCHESTER RIDGE DEBUTS NEW STORES, RESTAURANTS

by admin October 28, 2011

YONKERS, N.Y. — Westchester's Ridge Hill, a $685 million mixed-use shopping center in Yonkers N.Y., recently opened new stores and restaurants. The new shops include The Cheesecake Factory, Yard House, L.L. Bean, H&M, Sephora, Orvis, Gap, Desigual and Old Navy. Additional store openings will follow in November and December. Westchester Ridge Hill spans about 81.4 acres and includes more than one million square feet of retail and entertainment space.

October 28, 2011

Retail Texas

CINETOPIA COMING TO THE BRIDGES AT CASTLE HILLS

by admin October 28, 2011

LEWISVILLE — Cinetopia has signed a letter of intent with Bright Realty to open a 70,000-80,000-square-foot theater at The Bridges at Castle Hills, a master-planned community being developed in Lewisville by Bright Realty. The Castle Hills Cinetopia will be the first Cinetopia location in Texas and will offer 16-18 screens. The theater will include a restaurant, a wine bar with indoor and outdoor seating and conference rooms for business meetings.

October 28, 2011

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