GREENWOOD, S.C. — Greenville, S.C.-based Carolina Holdings has sold the two-tenant Shops at Westwood on Highway 72 Bypass in Greenwood. The property is fully leased to Mattress Firm and Aspen Dental. Carolina Holdings developed the retail property, which is situated in front of Walmart, and will continue to serve as manager on behalf of the new ownership. McMillan Pazdan Smith was the project architect and Caldwell Construction was the general contractor.
Retail
WAUKESHA, WIS. — Ramco Gershenson Properties Trust has acquired Phase II of The Shoppes at Fox River retail center in Waukesha from Opus Development Corp. The company also purchased 12.2 acres of adjoining land. The second phase of the center broke ground in May 2012 and totals more than 47,000 square feet. Tenants include T.J. Maxx, Ulta Salon and Cosmetics and rue21. Ramco also acquired the first phase of the property in 2010, which totals 273,000 square feet.
CLEVELAND — Paran Management Co. has acquired Broadway Shoppes, a 129,538-square-foot neighborhood shopping center in Cleveland. The center is located at 6835 Broadway Ave. and tenants include MetroHealth, Dollar General, Subway, Aldi and Revol Wireless.
LAWTON, OKLA. — Target has plans to open a new 135,000-square-foot store in Lawton, located on Northwest 82nd Street in the Lawton Marketplace shopping center. Target expects to hire between 200 and 250 employees to staff the new store, which is slated to open in July 2013. Target has announced plans to open 13 stores in 2013.
ARLINGTON — John T. Evans Co. has arranged the sale of a 52,000-square-foot retail building, located at 4720 S. Cooper St. in Arlington. Mike Sandel of John T. Evans represented the seller, Zions First National Bank, in the transaction. The buyer was Marybe Investments.
RIALTO, CALIF.– The Shoppes at Creekside, a 17,480-square-foot retail center that is anchored by Fresh & Easy and Walgreens, has sold to a private LLC for $5.1 million. It is located at 2019 North Riverside Ave. Other notable tenants include Fitness 19, Corky's Bakery and Sal y Limon. Rick Raymundo of Marcus & Millichap represented the buyer in this transaction.
LOS ANGELES — Westwood Center, a 34,136-square-foot shopping center in Los Angeles, has received $5.5 million in financing. The center is located at 2180 Westwood Blvd. It is fully occupied by tenants such as Subway, Fast Frame, Beauty Supplies and MB Nails. The seven-year loan, which was used to refinance existing debt, carries a 5 percent fixed interest rate. HFF’s James Fowler arranged the loan for Westwood Center LLC.
BALTIMORE — Minneapolis-based Target Corp. will open a new Target store in Baltimore in October 2013 as part of the Canton Crossing Shopping Center on Boston Street. The new Target will be approximately 135,000 square feet and will employ approximately 200 employees. The Baltimore East location will be the third Target in Baltimore.
FAYETTEVILLE, N.C. — Fayetteville’s Cross Creek Mall will expand by 46,000 square feet and will deliver new tenants Chico’s, LOFT, White House/Black Market, Men’s Warehouse, Reed’s Jewelers and Lane Bryant by fall 2013. Construction is set to begin in early 2013. Cross Creek Mall is located at the intersection Morganton and Skibo roads in Fayetteville. The regional mall is anchored by Belk, Macy’s, JC Penney and Sears. Chattanooga, Tenn.-based CBL & Associates Properties Inc. owns Cross Creek Mill.
CHICAGO — Parisian fashion retailer Yves Saint Laurent has leased 2,375 square feet in the Waldorf Astoria Hotel at 11 East Walton St. in Chicago. The boutique will offer men and women's clothing and accessories. Additional high-end retailers in the area include Barneys New York, Hermes, Lululemon, Oliver People and Scoop NYC. Janika Brenner and Adam Secher of Baum Realty Group represented the tenant in the transaction. First Elysian Hotel Co. is the landlord.