Retail

PopStroke Opens 10,000 SF Golf Entertainment Venue in College Station

by Taylor Williams September 4, 2024

COLLEGE STATION, TEXAS — PopStroke Entertainment Group, a Florida-based, golf-centric concept, has opened a 10,000-square-foot venue in College Station. Designed by Austin-based Mark Odom Studio, the venue features a centralized courtyard with a full-service bar and kitchen, yard games and outdoor dining/lounge seating with views of the minigolf course. The venue’s four buildings were constructed using shipping containers, with ResCon Group serving as general contractor. PopStroke now operates four venues in Texas.

September 4, 2024

Affordable Housing Development Georgia Mixed-Use Multifamily Retail Seniors Housing Southeast

Reports: RBH Group to Develop 34-Story Workforce Housing Tower in Downtown Atlanta

by John Nelson September 4, 2024

ATLANTA — RBH Group plans to develop Teachers Village Atlanta, a 34-story workforce housing tower in downtown Atlanta’s Fairlie-Poplar neighborhood, according to multiple media outlets including Fox 5. The New Jersey-based developer received approval last week from the Development Authority of Fulton County to issue up to $370 million in tax-exempt bonds for the redevelopment of 98 Cone St. into the tower, according to The Atlanta Journal-Constitution. Situated near Centennial Olympic Park and Georgia State University, the development will span 457,584 square feet and include 227 independent living units, 197 rent-restricted apartments, 22,995 square feet of retail space, 371 garage parking spaces and 21,484 square feet of amenities and additional shared rooftop space, according to the project page on RBH Group’s website. 99.5 WSB reports that RBH Group plans to break ground on Teachers Village Atlanta in 2025, and Fox 5 reports that the tower will be delivered in 2027. The developer has previously delivered similar workforce housing developments such as Teachers Village Newark, Teachers Village Hartford and Teachers Village Chicago.

September 4, 2024

Acquisitions Georgia Retail Southeast

Hendon Properties Acquires Shopping Center in Austell, Georgia for $15.2M

by John Nelson September 4, 2024

AUSTELL, GA. — Hendon Properties has acquired East West Shops, an 85,565-square-foot shopping center located in Austell, a northwest suburb of Atlanta in Cobb County. Concorde Group Holdings sold the property for $15.2 million. OneLife Fitness, Starbucks Coffee and Urgent Team anchor the center, which was 96 percent occupied at the time of sale. Brad Peterson, Scott Israel and Tommy Isola of Colliers brokered the sale on behalf of Concorde Group.

September 4, 2024

Development Leasing Activity Restaurant Retail South Carolina Southeast

Anchor Retailers Including Old Navy, Ulta Beauty Open at Beaufort Station in Coastal South Carolina

by John Nelson September 4, 2024

BEAUFORT, S.C. — Old Navy, Ulta Beauty, Ross Dress for Less and PetSmart have recently opened their doors at Beaufort Station, a new power shopping center underway in Beaufort, a city in coastal South Carolina. The Morgan Cos., through its affiliate firm Beaufort Station Partners, developed the property and will continue to oversee its management. Reynolds Robinson of Principal Partners is responsible for leasing at the center. Other recent openings include Mattress Firm, Hobby Lobby, T.J. Maxx, HomeGoods, Rack Room Shoes and Five Below. America’s Best Eyeglasses, Chicken Salad Chick, Panda Express, Surcheros Fresh Mex and Fifth Third Bank plan to open at Beaufort Station in the coming weeks. Additionally, Parkers Kitchen is also under construction and a new ALDI grocery store will start construction this fall.

September 4, 2024

Acquisitions Midwest Retail Wisconsin

Marcus & Millichap Arranges $2.4M Sale of Retail Property Leased to Sherwin-Williams in Wisconsin

by Kristin Harlow September 4, 2024

JANESVILLE, WIS. — Marcus & Millichap has arranged the $2.4 million sale of a newly constructed retail property occupied by Sherwin-Williams in Janesville, a city in southern Wisconsin. Constructed this year, the building is located at 3301 Deerfield Drive and serves as an outparcel to Pine Tree Plaza, a 184,834-square-foot shopping center. Dominic Sulo of Marcus & Millichap represented the buyer and seller, neither of which were disclosed. Todd Lindblom, broker of record in Wisconsin, assisted in closing the transaction.

September 4, 2024

Leasing Activity Midwest Minnesota Retail

StarCycle to Open at Hallon Development in Hopkins, Minnesota

by Kristin Harlow September 4, 2024

HOPKINS, MINN. — StarCycle, a cycling studio, has signed a lease to open at the new Hallon development in Hopkins, a southwest suburb of Minneapolis. The property is located at 8594 Excelsior Blvd. Mary Lindell of Christianson & Co. Commercial Real Estate Services represented the tenant. Jackie Taylor is bringing the StarCycle franchise from Oregon to Minnesota.

September 4, 2024

Acquisitions California Retail Western

Atlantic Capital Partners Negotiates $95M Sale of The Plant Shopping Center in San Jose

by Amy Works September 4, 2024

SAN JOSE, CALIF. — Atlanta Capital Partners has brokered the sale of The Plant, a regional power center in San Jose. Milan Capital Management, along with Arc Capital Partners, acquired the asset from an undisclosed seller for $95 million. Target, The Home Depot, Best Buy, PetSmart, Ross Dress of Less and Ulta Beauty are tenants at the 367,000-square-foot retail property, which was 65 percent occupied at the time of sale. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the seller and secured the buyer in the deal. Will Bryson of Atlantic Capital Partners was handling leasing of the property for the seller. Stephen Joseph, also of Atlantic Capital Partners, arranged a $71.2 million bridge loan on behalf of the buyers to facilitate the acquisition. The loan was placed with Bayview Asset Management.

September 4, 2024

Acquisitions Colorado Development Mixed-Use Multifamily Retail Western

Trevey Commercial Real Estate Brokers Sale of 27-Acre Mixed-Use Project Site in Parker, Colorado

by Amy Works September 4, 2024

PARKER, COLO. — Trevey Commercial Real Estate has arranged the sale of a 27-acre development site at 8996 Motsenbocker Road in Parker, approximately 23 miles southeast of downtown Denver. Jeffrey and Diane Roth sold the asset to Perry Lane LLC for $3.5 million. The buyer plans to develop a mixed-use neighborhood on the site with 70 apartments in two- and three-story buildings, a five-acre neighborhood retail center and a 14.5-acre neighborhood park. Mitch Trevey of Trevey Commercial Real Estate represented the seller, while Travis Ackerman of Cushman & Wakefield represented the buyer in the deal.

September 4, 2024

Acquisitions New York Northeast Retail

CBRE Negotiates $34M Sale of Shopping Center in Poughkeepsie, New York

by Taylor Williams September 3, 2024

POUGHKEEPSIE, N.Y. — CBRE has negotiated the $34 million sale of Hudson Heritage, a 120,499-square-foot shopping center in Poughkeepsie, located north of New York City. Grocer ShopRite anchors the center, which was 92 percent leased at the time of sale. Other tenants include CVS, Starbucks, Chipotle, AT&T, Jersey Mike’s, Burger King and PulseMD. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, an entity doing business as EFG/Saber Heritage SC LLC, in the transaction. The trio also procured the buyer, Tampa-based East Coast Acquisitions.

September 3, 2024

Acquisitions New Jersey Northeast Retail

Cushman & Wakefield Brokers $13.7M Sale of Retail Property in Galloway, New Jersey

by Taylor Williams September 3, 2024

GALLOWAY, N.J. — Cushman & Wakefield has brokered the $13.7 million sale of Smithville Square, a 106,931-square-foot retail property in Galloway, located in Atlantic County. Anchored by Curexa Pharmacy, the property spans 26 acres and was 97 percent leased to 19 tenants at the time of sale. Frank DiTomasso, Andy Schwartz, Jordan Sobel, Max Helfman, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, P3 Properties, in the transaction. The buyer was Western Building Co.

September 3, 2024

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