PRATTVILLE, ALA. — GBT Realty has inked leases with several new tenants for Cobbs Ford Village, a new shopping center located off Interstate 65 on Cobbs Ford Road in Prattville, about 14 miles northwest of Montgomery, Ala. The new tenants include Firehouse Subs, Aspen Dental, Bama Fever Tiger Pride, Smashburger and Edible Arrangements. The new retailers will join existing tenants Starbucks Coffee and Gigi’s Cupcakes, as well as a new Chipotle Mexican Grill opening on Feb. 11.
Retail
CHICAGO — Dallas-based 7-Eleven has retained Chicago-based NRC Realty & Capital Advisors to coordinate the sale of 72 gasoline stations and convenience stores across the country. The portfolio include 22 locations in Texas, 17 properties in South Carolina, 12 stores in Pennsylvania, nine Ohio properties, four stores in Michigan, three Indiana properties, three stores in West Virginia, a Florida property and one store in Utah. The lot sizes range from approximately 8,000 square feet to 5.6 acres, with store sizes ranging from kiosks to 4,640 square feet. Fifty of the sites being offered are fee-owned properties and the remaining are leaseholds. All sites are being sold without 7-Eleven branding, and most sites are offered with fuel supply, which would be provided by SEI Fuels Inc., a 7-Eleven subsidiary.
NILES, ILL. — An undisclosed seller completed the disposition of Golf Road Plaza in Niles, a suburb northwest of Chicago, for $3.3 million. Auto Zone, L.A. Tan, H&R Block and Discount Mattress occupy the 25,992-square-foot retail strip center. Richard Kehoe of Inland Brokerage & Auctions represented the seller. The buyer was not disclosed.
SAN FRANCISCO — Dick’s Last Resort leased 9,151 square feet at the Anchorage Square shopping center inside Fisherman’s Wharf. The center is located at 500 Beach Street in San Francisco. The restaurant is scheduled to open this summer. It will be the chain’s third West Coast location. Dick’s also operates outposts in San Diego and Las Vegas. The restaurant was represented by Steve Graul of Innovative Concept Associates. The landlord, CBRE Global Investors, was represented by Rhonda Diaz Caldewey and Jessica Birmingham of Terranomics Retail Services.
EVANS, COLO. – A 17,460-square-foot retail strip center in Evans has sold to 1031 exchange buyers for $1.8 million. The center is located at 3225 S. 23rd Street, southeast of Fort Collins. Dollar Tree is one of the center’s notable tenants. Other area tenants include Walmart and Sam’s Club. The buyers were represented by Jamie Mitchell of Pinnacle Real Estate Advisors.
PALM BEACH GARDENS, FLA. — CIT Real Estate Finance, a subsidiary of CIT Group Inc., has provided a $26 million loan to redevelop the PGA Plaza Shopping Center, a retail center located in Palm Beach Gardens. The borrowing entity is a joint venture headed by Menin Development, a commercial real estate owner and developer. CIT Real Estate Finance provided the loan through CIT Bank, the U.S. commercial bank subsidiary of CIT Group.
WASHINGTON, D.C. — Calkain Urban Investment Advisors, a division of Calkain Cos., has brokered the sale of a retail condominium unit at 1401 R St. N.W. in Washington, D.C. The 1,278-square-foot unit sold for approximately $1.4 million, or $1,100 per square foot. The property is leased on a long-term, triple net basis to a local restaurateur who is operating a café. Andrew Fallon and Rick Fernandez of Calkain represented the seller, a developer based in Washington, D.C., in the transaction. The buyer was a Washington, D.C.-based real estate firm.
SAN BRUNO, CALIF. — Destination XL will soon open an 8,215-square-foot outpost at the San Bruno Towne Center. The center is located at 1202-1340 El Camino Real, just south of San Francisco. The big-and-tall clothing and shoe store is operated by Casual Male Retail Group. It was represented by Katie Singer and Jessica Birmingham of Terranomics Retail Services.
BOISE, IDAHO — Southshore Marketplace in Boise is being redeveloped by Pine Tree and Inland Real Estate Corporation. The 103,000-square-foot structure was formerly occupied by Kmart. The new project will be anchored by Gordmans Department Store.
CHARLESTON AND FLORENCE, S.C. — Faison Enterprises Inc., a private real estate developer and owner based in Charlotte, N.C., has acquired two retail centers in South Carolina. The properties include the 350,000-square-foot Ashley Landing in Charleston and the 113,922-square-foot Crossroads Center in Florence. Ashley Landing is 92 percent leased to tenants including Publix, Burlington Coat Factory, Dollar Tree, Big Lots, Wells Fargo, Harbor National Bank and First Federal of Charleston. Scott Adams of Adams and Wilson Properties represented Faison in the transaction. Crossroads Center is 96 percent leased to Hamrick’s, Planet Fitness, LifeWay and Dollar Tree. Berkeley Capital Advisors’ Charlotte office arranged the transaction.