FLORIDA — Charleston, S.C.-based Twin Rivers Capital has sold a portfolio of five Family Dollar stores to a private buyer for $8.6 million. The stores are located throughout Northeast Florida. Twin Rivers Capital is the preferred developer of Family Dollar locations.
OVERLAND PARK, KAN. — Walgreens has opened a new 14,820-square-foot location at Cherokee South Plaza in Overland Park. The 118,000-square-foot plaza is currently undergoing redevelopment by Westchester, Ill.-based Tri-Land Properties. The redevelopment project includes the demolition of one building, the construction of three buildings and the addition of new retailers. When completed this summer, the property will feature outdoor patios, tree-lined walkways, sidewalk planters and public spaces for neighborhood use. Current tenants include Kansas Sample, Hallmark Cards, Golf-Tec, Cherokee Liquors, H Block, Jimmy John’s Gourmet Sandwiches and Paul Mitchell School.
GARLAND, TEXAS — MSKW Garland Investments has sold a 64,240-square-foot CarMax to an national investment trust for an undisclosed amount. Located at 12715 Lyndon B. Johnson Highway in Garland, the property sits on 14.41 acres. The tenant has 12 years and two 10-year options remaining on its lease. Martin B. Cohan and Tim Speck of Marcus & Millichap brokered the sale.
THE VILLAGES, FLA. — Edwards Construction Services has finished the Seabreeze Regional Recreation Center in The Villages. The property includes a 34,826-square-foot recreation building and a 2,816-square-foot pool building. Sports courts and picnic pavilions are also included on the grounds. A grand opening is scheduled for March 11.
RICHMOND, VA. — Virginia Credit Union has purchased a 6,816-square-foot building from BRC Richmond for $1.45 million. Located at 9498 W. Broad St. in Richmond, the property, a former Hams Restaurant building, sits on 1.34 acres. Thalhimer's Bruce Bigger brokered the sale.
GOOSE CREEK, S.C. — East Shore Athletic Club has leased 43,200 square feet from Spring Hill Associates for space in the Shannon Park Shopping Center. The property is located at 214 St. James Ave. in Goose Creek. Erin England and Billy Ellison of Colliers Keenan in Charleston, S.C., represented the landlord in the lease.
FORT WORTH, TEXAS — NewQuest Properties is developing Shops at Timberland Crossing, which will be anchored by a 90,000-square-foot Kroger Signature store. Located at the intersection of Timberland Road and North Beach Street in Fort Worth, the 20-acre property will also feature 21,000 square feet of retail space and three pad sites. The Kroger will include a fuel center. Delivery is slated for 2012.
SAN ANTONIO — Noah's Ark Development will break ground during the second quarter on a Noah's Ark Self Storage & RV Parking facility in San Antonio. The property will be located at the intersection of FM 1516 and IH 10. Facility features will include climate-controlled units, a surveillance system and electrical hookups for RVs. San Antonio-based NDS Construction is the general contractor and will help design the property.
HAWTHORNE, CALIF. — Hodgdon Group Realty has represented Ashley Furniture Industries in the acquisition of a 33,952-square-foot former Circuit City building located at 14600 Ocean Gate Ave. in Hawthorne. The purchase price was not disclosed. Assisted by CB Richard Ellis’ Scott Kaplan, Aaron Hodgdon represented Ashley Furniture in the purchase, and CBRE’s Richard Rizika represented the sellers, New York City-based WhiteFire Capital LLC and Dallas-based Tabani Group.
CHESAPEAKE, VA. — A private Virginia-based investor has purchased the 13,559-square-foot Chesapeake Square Shoppes from a private seller for an undisclosed price. The Chesapeake property houses Firehouse Subs, Rita's Ice, Tropical Smoothie and Five Guys Burgers & Fries. Rob Carter, David Webb and Alex Quarrier of Berkeley Capital Advisors brokered the sale along with S.L. Nusbaum's John Litz.