ORLAND PARK, ILL. — Whole Foods Market has opened a 27,370-square-foot location at Ravinia Plaza in Orland Park. The natural and organic food retailer signed a lease in early 2012 to occupy space formerly leased to Borders. The 101,384-square-foot Ravinia Plaza is located at 15150-15260 La Grange Road, and additional tenants include Panera Bread and Pier 1 Imports. Inland Real Estate Corp. owns the property.
TROY, MICH. — First American Exchange Co. has acquired Golden Gate Plaza, a 100,000-square-foot retail center in Troy. The facility is located at 2883-2891 Big Beaver Road. Bruce Morrison, Viktor Gjonaj and Jeffrey Trepeck of Signature Associates represented the seller, Reed Holdings Troy LLC. Morrison also represented the buyer.
NORWOOD, MASS. — CarMax has acquired a $20 million development site at 212 Carnegie Row in Norwood to construct a new superstore. CarMax, a used-car dealership with more than 100 locations nationwide, plans to raze an existing 125,000-square-foot facility and build a new CarMax Auto Superstore on the site's 10 acres. Another 15 acres of wetlands will be preserved as open space. Elliot Ravech of Elliot & Co. represented the seller, CMI Property/Irene Realty Trust, in the transaction. Rob Grady of the Dartmouth Co. represented the buyer.
SHORT HILLS, N.J. — The 1.3-million-square-foot Mall at Short Hills has secured five new high-end retailers for the center. These will be the first stores in New Jersey for four of the tenants. Stuart Weitzman has opened a 1,445-square-foot store, joining its other New Jersey location at The Shops at Riverside in Hackensack. Emporio Armani and Giorgio Armani have already opened their 3,198-square-foot and 5,000-square-foot locations, respectively. Thomas Pink and Tourbillon will open this fall. Thomas Pink will operate a 1,998-square-foot store, while Tourbillon has secured 755 square feet. Bloomfield Hills, Mich.-based Taubman Centers Inc. owns the center, which opened in November 1980 and includes 170 stores.
HOUSTON — EDGE Realty Partners and EDGE Capital Markets has arranged the acquisition of a four-property, 71,321-square-foot retail portfolio in west Houston totaling $15.8 million. Joshua Jacobs of EDGE Realty Partners represented the buyer, West Houston Retail, in the transaction. The seller and developer, Satya Inc., was self-represented by Gopal Bathija. The retail portfolio includes Briarforest Plaza at 133346 Briar Forest Drive, Coles Crossing at 24110 NW Freeway, Sandbridge Plaza at 1275 N. Eldridge Parkway and River Gate Center at 1125 Crab River Road.
COEUR D’ALENE, IDAHO – The Silver Lake Mall in Coeur d’Alene has gained two new tenants. Sports Authority signed on for 44,000 square feet, while Jo-Ann Fabric and Craft Stores will occupy 19,000 square feet. Silver Lake is owned and operated by Rouse Properties.
TORRANCE, CALIF. – A 9,546-square-foot building in Torrance that is triple-net leased to AutoZone has sold to a private investor for $2.4 million. It is located at 1433 W. Carson Street. AutoZone recently renewed its lease at the property for an additional 10 years. Phil Voorhees, John Read, Patrick Toomey and Megan Read of CBRE’s National Retail Investment Group-West represented the seller in this transaction.
PHOENIX – O’Reilly Auto Parts has signed a 10-year lease for 12,327-square-feet at Madison Square in Phoenix. The square is located at 5343 N. 16th Street. O’Reilly was represented by Bill Blake and Colton Trauter of Lee & Associates. The landlord, Orsett Properties, was represented by Sean Spellman of Cassidy Turley.
RICHMOND, VA. — Cole Real Estate Investments has acquired the 439,740-square-foot, grocery-anchored White Oak Village at 4501 S. Laburmum <
VERO BEACH, FLA. — A 15,525-square-foot Walgreens has sold in Vero Beach. Vincent Knipp and Chance Hales of Marcus & Millichap’s Fort Worth, Texas, office represented the seller, a California-based individual trust. Knipp and Hales also procured the buyer, a New York-based partnership. Kirk Felici of Marcus & Millichap assisted in the closing and was the firm’s Florida broker of record.
