Restaurant

Transwestern Arranges Sale of 90-Acre Tract for 500,000 SF Mixed-Use Development

by Haisten Willis October 3, 2016

FORT WORTH, TEXAS — Transwestern has brokered the sale of Presidio North, a retail development site in Tarrant County. Las Vegas-based Diversified Real Estate Group sold the property for an undisclosed price to a locally owned development partnership controlled by the De La Vega Group. Transwestern’s Steve Williamson represented both parties in the transaction. Presidio North, located at the southwest corner of I-35 West and Heritage Trace Parkway, consists of 90 acres in north Fort Worth. Transwestern will provide marketing and leasing services for the mixed-use project, which will be renamed The Citadel. De La Vega plans to develop 500,000 square feet of retail, restaurant, hotel and entertainment space at the site.

October 3, 2016

Midwest Missouri Mixed-Use Multifamily Office Restaurant Retail Seniors Housing

Parrot Properties, Block & Co. Receive Approval for $225M Village at View High Development in Lee’s Summit, Missouri

by Amy Works October 3, 2016

LEE’S SUMMIT, MO. — Parrot Properties, in partnership with Block & Co., has received approval for its $225 million Village at View High development in Lee’s Summit from the city’s planning commission. The mixed-use project will feature multifamily space, 250,000 square feet of retail space and more than 100,000 square feet of office and medical space, as well as a proposed senior living facility. To be developed in three phrases, the project will feature 23 acres of land for 300 luxury apartments, 13 acres for a gated-community of senior living villas, townhomes and apartments, and 35 acres for retail, restaurant and office development. The project team includes Engineering Solutions, TransSystems, Hirst and Associates Architects, Bushyhead, and Humphrey, Farrington & McClain PC.

October 3, 2016

trademark-property-westside-ventures-katy

Hospitality Mixed-Use Multifamily Office Restaurant Retail Texas

Trademark to Develop 82-Acre Mixed-Use Project in Metro Houston

by Haisten Willis September 30, 2016

KATY, TEXAS — Trademark Property Co. has entered into an agreement with Westside Ventures to develop an 82-acre mixed-use development at the northwest corner of I-10 and Mason Road in Katy. Planning will continue in the coming months for the initial 60-acre phase, which will include retail, restaurant, residential, hotel and office space. The site, which is part of a larger 107-acre tract owned by Westside Ventures, will be developed in phases over several years. Phasing and a construction timeline will be scheduled following planning.

September 30, 2016

Northeast Pennsylvania Restaurant Retail

PH Retail Completes Sale of Chick-fil-A Property in Whitehall, Pa.

by Amy Works September 30, 2016

WHITEHALL, PA. — PH Retail, an affiliate of a Post Brothers, has completed the sale of a restaurant property, located at 2610 MacArthur Road in Whitehall, for an undisclosed price. The 4,815-square-foot property is occupied by Chick-fil-A under a triple-net lease. The name of the buyer was not released. PH Retail originally acquired the property in February 2015 after it had fallen into disrepair following the departure of a prior restaurant. The company led the demolition of the existing structure and secured approvals for the development of the new freestanding Chick-fil-A building.

September 30, 2016

el-pollo-loco386-east-stacy-road-allen-texas

Restaurant Retail Texas

Capital Pacific Negotiates $3.2M Sale of El Pollo Loco in Allen

by Haisten Willis September 30, 2016

ALLEN, TEXAS — Capital Pacific has represented the seller of an El Pollo Loco located at 386 E. Stacy Road in Allen. The property was sold for $3.2 million to an all-cash investor from California utilizing a 1031 tax-deferred exchange. The El Pollo Loco is on a 20-year net lease with rent increases every five years.

September 30, 2016

Michigan Midwest Restaurant Retail

Mid-America Negotiates $19.8M Sale of Livonia Plaza in Metro Detroit

by Haisten Willis September 26, 2016

LIVONIA, MICH. — Mid-America Real Estate Corp. has arranged the $19.8 million sale of Livonia Plaza, a 137,391-square-foot shopping center located in the Detroit suburb of Livonia. Kroger anchors the center, which is also home to TJ Maxx, Red Wing Shoes, Sally Beauty Supply and Subway. Ben Wineman and Daniel Stern of Mid-America represented the seller, Ramco-Gershenson Properties Trust, in the sale of the property to Phillips Edison Grocery Center REIT II.

September 26, 2016

Restaurant Retail Texas

Endeavor, Northwood Announce New Tenants at Domain Northside in Austin

by Haisten Willis September 26, 2016

AUSTIN, TEXAS — Endeavor Real Estate Group and Northwood Investors have announced new tenants at Domain Northside, a mixed-use development in Austin including retail, dining and entertainment. The newly announced tenants include: Hat Creek Burger Co., Golden Bones, Engel & Völkers, 24 Diner, Orangetheory Fitness, Jose Luis Salon, Sway, Velvet Taco, Erin Condren, Nordstrom, RH Austin The Gallery at The Domain, Free People, Planet Blue, Peloton, Warby Parker, Suitsupply, Bonobos, Filson, It’Sugar, NYX, Lush, Scout & Molly’s Boutique, Life is Good, Doc B’s, Kittsona, W3ll People, Teddies for Bettys, Kelly Wynne, Everything But Water, Pirch, AT&T, Will Leather Goods, Marine Layer, Mitchell Gold + Bob Williams, The Frye Co., Stag, Sprinkles, Paul Martin’s Austin Grill, Guideboat, Toulouse, Taverna, Cyclone Anaya’s, Culinary Dropout, Flower Child, Sur La Table, SoulCycle, Kiehl’s, diptyque, Francesca’s, Sephora, Sugarfina, Marmi, Hanna Andersson, Evereve, Alex and Ani, Frost Gelato, Eliza Page, The Body Shop, Paper Source, Saint Bernard, Bank SNB and Upscale Lashes. The developers will host grand openings at Domain Northside on Friday, Sept. 30 and Saturday, Oct. 1.

September 26, 2016

Midwest Restaurant Retail

M&M Negotiates $2.4M Sale of Restaurant, 227,685 SF of Land in Metro Chicago

by Haisten Willis September 23, 2016

WHEELING, ILL. — Marcus & Millichap has negotiated the $2.4 million sale of Pete Miller’s Steak House and 227,685 square feet of land in Wheeling, Ill. Richard Kozarits and Joseph Sigal of Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a limited liability company. Kozarits also secured and represented the buyer, a private investor. Pete Miller’s Seafood and Prime Steak is located at 412 N. Milwaukee Ave. The property includes 150 dedicated parking spaces and 383 feet of frontage on Milwaukee Avenue.

September 23, 2016

Restaurant Retail Texas

Venture Commercial Arranges sale of Retail Center in Metro Austin

by Haisten Willis September 23, 2016

PFLUGERVILLE, TEXAS — Venture Commercial Real Estate’s investment sales team has arranged the sale of The Shops at 685, an 11,200-square-foot, multi-tenant retail center located in the Austin suburb of Pflugerville. The Shops at 685 is located on 2.1 acres at 2424 FM 685, near the intersection of toll roads SH 130 and SH 45. Tenants include Einstein Bros. Bagels, Pie Five Pizza Co., Chipotle and Mattress Firm. John Zikos, Jonathan Cooper, Christopher Gibbons and Don Miller of Venture’s Investment Sales team represented the buyer, Callaghan Ranch Ltd. Tim Allen of JLL Americas Inc. represented the seller, CSW Pflugerville LLC.

September 23, 2016

Midwest Mixed-Use Multifamily Office Ohio Restaurant Retail

GE Global Operations Center Opens at The Banks in Cincinnati

by Haisten Willis September 22, 2016

CINCINNATI — The Global Operations Center has opened at The Banks mixed-use development in Cincinnati. More than 2,000 employees will work in the 12-story, 338,000-square-foot tower. The main entrance will be at the corner of Second and Rosa Parks streets. The new building is located in Phase II of The Banks, and includes 19,000 square feet of street-level retail space. Taste of Belgium and Pies & Pints are under construction and will open in the coming weeks. Next door, the Radius at The Banks apartment community is also now open. GE has signed a 15-year lease with Carter and Nicol Investment Co., co-owners of the building. PNC Financial Services led the construction financing for the project, and Brasfield & Gorrie oversaw construction along with Cincinnati-based Jostin Construction. RJTR is the architect and CBRE will manage the property.

September 22, 2016

Newer Posts

Older Posts