HARTFORD AND SUSSEX, WIS. — Milwaukee-based Commercial Property Associates has represented Auto Zone in the purchase of two Wisconsin land parcels. Mark Wussow and Jon Thoresen assisted the auto parts retailer in acquiring 1.06 acres at 128 E. Sumner St. and 1268 Sumner St. in Hartford as well as 0.79 acres at N64 W24901 Silver Spring Drive in Sussex. The sellers in both deals were not released.
STREAMWOOD, ILL. — Chicago-based Millennium Properties brokered the sale of a land site located at 103 Sutton Road in Streamwood. The buyer, Hemant Modi, plans to develop a bank branch building on the site. Millennium marketed the property on behalf of the undisclosed seller. The purchase price was not released.
SAYREVILLE, N.J. — Bass Pro Shops has signed a letter of intent for a 200,000-square-foot store at The Point, a $2 billion, 3 million-square-foot mixed-use property under development in Sayreville. The first phase is the 620,000-square-foot retail center The Landing at The Point, where O'Neill Properties Group, the developer for the project, is expecting the first retail tenants to open in 2013.
TEMPLE – RioCan REIT, Canada’s largest real estate investment trust, has purchased a 125,000-square-foot shopping center in Temple for approximately $21.2 million. Bird Creek Crossing is anchored by Target and The Home Depot and includes tenants Best Buy, Michael’s, PetSmart and OfficeMax. The property is owned on an 80/20 basis with Inland Western Retail REIT. Inland Western will manage the property on behalf of the co-ownership.
RIVERSIDE, CALIF. — Three new tenants are set to open their doors this summer at the University Village Shopping Center in Riverside. Yoshinoya has obtained 1,662 square feet; Sushi Ya will take up about 3,608 square feet; and Lollicup will occupy 1,543 square feet. All three tenants signed five-year leases at the 178,020-square-foot outdoor community center. NewMark Merrill's Mark Gallucci represented University Village in these transactions. University Village is one of more than 60 shopping centers included in a portfolio that is owned and managed by NewMark Merrill.
SAN DIEGO — Cassidy Turley BRE Commercial has sold the Mar Vista Centre in Vista, CA, for $2.19 million. The 15,600-square-foot strip retail center was purchased by Primrose Park Apartments, LLC. The seller was RLS Investments, LLC. Located at 1275 S. Santa Fe Ave., Mar Vista Centre consists of 20 suites that are leased to 12 tenants. Cassidy Turley's Ray Adams represented Primrose. Matty Sundberg, Mark Avilla and Bob Cowan, also with Cassidy Turley, represented RLS.
OCEAN CITY, MD. — NorthMarq has secured $19 million in first-mortgage financing for the 197,000-square-foot White Marlin Mall, located at 12641 Ocean Gateway in Ocean City. Bill Libercci of NortMarq's Baltimore office arranged the financing on behalf of the borrowers, a joint venture between Greenberg Gibbons and Prudential Real Estate Investors, through Goldman Sachs Commercial Mortgage Capital — CMBS.
INDIANAPOLIS — REI has announced plans to open its first store in Indiana. The new store will be a single-story, 23,800-square-foot location within the Plaza at Castleton shopping center in Indianapolis. It will feature a bike shop, a seasonal gear rental department and community space for classes and events. REI currently operates 117 stores in 28 states.
CHICAGO — Chicago-based Newcastle Limited has purchased a 7,300-square-foot retail condominium located at 33 South Wabash in Chicago for $4 million. The condo is located on the ground level of The Legacy at Millennium park, a 355-unit residential condo building. At the time of closing the space was fully leased to Utrecht Art Supplies. The seller was a joint venture between Mesa Development and Walsh Investors.
COLUMBUS, OHIO — LIDS Sports Group has acquired Buckeye Corner, a Columbus-area retail chain that specializes in licensed merchandise from Ohio State University. The acquisition includes the four Buckeye Corner stores, which are located in Easton Town Center, Polaris Lifestyle Center and Northwest Square in Columbus, as well as Lane Center in Upper Arlington. LIDS currently operates five speciality headwear retail stores in the Columbus market and 32 stores across Ohio.