CHATTANOOGA, TENN. — Ziff Properties Inc. has acquired Signal Mountain Shopping Center in Chattanooga for $4.8 million. The 61,284-square-foot center is anchored by a BI-LO grocery. Sharon Bands and Susan Bands of Marcus & Millichap represented the seller. Ziff Properties was self-represented by Christian Chamblee.
STOUGHTON, MASS. — Senate Construction Corp. has completed the renovation of the 73,000-square-foot Stoughton Town Center in Stoughton. The project consisted of a new façade with architectural gables that enhance tenant signage and visibility, minor re-painting of the exterior and new LED lighting throughout the parking area. The construction was completed on behalf of Tri-Town Commons LLC, a joint venture of Winstanley Enterprises LLC and Silvera Asset Group LLC. The project team included Winstanley Construction Management, Winstanley Property Management, Phase Zero Design Inc. as project architect, Alfred Benesch & Co as civil engineer and Amolions Structural Consultants Inc. as structural engineer.
SAN FRANCISCO — Round One, a Japan-based, family friendly entertainment center, has announced plans to open six new locations this year throughout the U.S. This is in addition to the five centers it currently operates. Round One also intends to open eight more locations in 2016. The new concept will soon debut at Westfield Southcenter Mall in Seattle; Eastridge Shopping Center in San Jose, Calif.; and Main Place Mall in Santa Ana, Calif. It will also open outposts in Pennsylvania and Massachusetts. The family entertainment centers typically range between 45,000 square feet and 80,000 square feet. They offer a variety of activities like karaoke, bowling, billiards, ping pong and darts, in addition to food and beverage options. Round One has existing California locations at Lakewood Center Mall in Lakewood; Moreno Valley Mall in Moreno Valley; and Puente Hills Mall in the City of Industry. It also has centers in Texas and Illinois. The company is actively looking for new locations in gateway Northeast markets, as well as in strong retail trade areas like Washington, Oregon and California, according to RKF’s David Friedman, who arranged the six new leases for Round One. Round One currently operates more than 100 locations in …
RENO, NEV. — A 707,010-square-foot space in the Reno area that is occupied by Zulily.com has sold to CBRE Investments for $41.7 million. The space is located at 3200 USA Parkway, within the Tahoe Reno Industrial Center in the submarket of McCarran. Zulily is an e-commerce discount retailer. The seller, US RIO LP, was represented by Michael Nevis, Dave Simonsen, J. Michael Hoeck and Steve Kucera of NAI Alliance.
SEATTLE — Donahue Schriber Realty Group has acquired Interbay Urban Center, an 80,560-square-foot shopping center in Seattle, for an undisclosed sum. The center is located at 1827 15th Ave. Interbay is anchored by Whole Foods Market. It is situated just three miles northwest of Downtown Seattle near the communities of Magnolia, Queen Anne, Ballard and Interbay. The center is fully leased. This is Donahue Schriber’s third Seattle-area acquisition in the past four months.
OXNARD, CALIF. – Smart & Final has announced plans to open a new 43,200-square-foot Smart & Final Extra! store at Lemon Grove Plaza in Oxnard. The center is located on North Oxnard Boulevard. The company previously operated a 16,092-square-foot space within the center for the past 27 years. Smart & Final Extra! is larger than the company’s traditional warehouse stores, offering an expanded produce section with some organic items. Smart & Final was represented by Pamela Scott of Lee & Associates.
PORTLAND, ORE. – A 5,000-square-foot retail property in Portland has sold to a limited liability company for $1.8 million. The property is located at 2100-2118 NW Glisan Street. It is fully leased to three businesses. The seller, an out-of-state family trust, was represented by Justin Poor of Marcus & Millichap’s Portland office.
CLEARFIELD, UTAH – DUB Nutrition has leased 7,221 square feet of office and retail space at Legend Hills office complex in Clearfield. The space is located at 1649 East 1400 South. This Class A office is one of only a handful of new gym facilities to emerge in Davis County within the past several years. DUB (Discover their Ultimate Bodies) assists individuals with their personal health challenges through healthy eating, exercise and nutrition supplements. The new facility will provide services like weightlifting, cardio, hot yoga, indoor cycling and full-service MMA. The grand opening is scheduled for Sept. 1. DUB was represented by Ryan Flint of Newmark Grubb ACRES.
KATY, TEXAS — HFF has brokered the sale of Green Tree Shopping Center, a 147,658-square-foot, 99 percent leased power center in Katy. HFF arranged the sale of the property on behalf of the seller, a tenants-in-common ownership group managed by Joseph and Henry Mandelbaum of RealTax Inc. Inland American Real Estate Trust Inc. purchased the asset for an undisclosed amount. Tenants include TJ Maxx, PetSmart, Office Depot, Party City, Five Below, Ulta Salon, Famous Footwear, Mattress Firm, Bath & Body Works, GNC and Castle Dental. Target and Randall’s shadow-anchor the center. Renovated in 2004, the Green Tree Shopping Center spans 21.6 acres at 231-515 South Fry Road in Katy, a suburb west of Houston. Ryan West, Rusty Tamlyn, Matt Berry and Robbie Kilcrease led the HFF investment sales team representing the seller.
MAGNOLIA, TEXAS — Marcus & Millichap has arranged the sale of a five-acre development site at FM 1488 and Carriage Hills located in Magnolia. Derek Hargrove of Marcus & Millichap’s Houston office handled the acquisition on behalf of the buyer, The Marcel Group. The buyer will begin construction of a new mixed-use development during the second quarter. Based in The Woodlands, The Marcel Group has developed and sold over 1 million square feet of retail and office projects.
