MA’ALEA, HAWAII — Harbor Shops at Ma’alea, a 40,117-square-foot retail center in Ma’alea, has received $8 million in first-mortgage refinancing. The center’s primary tenant is Pacific Whale Foundation. The three-year loan features a 30-year amortization schedule. It was arranged by Ory Schwartz of NorthMarq Capital’s Los Angeles regional office.
GLENDALE, ARIZ. – Big Lots has leased 34,800 square feet in Glendale. The discount retailer will occupy the former Ultimate Electronics building at the northwest corner of Bell Road and 75th Avenue. Big Lots was represented by Chris Hinkson of Hinkson Company, LLC. The landlord, VP Arrowhead, LLC, (Vintage Partners), was represented by Mike Polachek and Brian Polachek of SRS Real Estate Partners.
FORT MILL, S.C. — Agree Realty Corp. has acquired a 7,560-square-foot Goodyear Tire & Rubber Co. store, located at 1790 Highway 106 W. in ForT Mill, for $2.4 million. Will Pike of CBRE Group represented the seller in the transaction.
DURHAM, N.C. — CBRE/Raleigh has arranged the $2 million sale of a 2.59-acre restaurant outparcel in South Square Shopping Center, located at 4055 Durham Chapel Hill Blvd. in Durham. A 10,020-square-foot former Golden Corral sits on the site. Charlie Coyne and Barry Bowling of CBRE/Raleigh represented Golden Corral of Durham, the seller, in the transaction.
ORLANDO, FLA. — A 9,014-square-foot Dollar General, located in Orlando, has sold for $1.8 million. Franklin Street represented the seller, a Gainesville, Fla.-based developer, in the all-cash transaction. The buyer was an Apollo Beach, Fla.-based private investor.
MAMARONECK, N.Y. — A retail building at 419-433 Mamaroneck Ave. in Mamaroneck has sold to a local investor for $3.4 million. The one-story, 7,200-square-foot property includes five retail stores and is fully leased. Richard Hendey of Houlihan Parnes Realtors represented the seller in the transaction.
CYPRESS — The Kroger Company has purchased 18 acres in the Towne Lake master-planned community, owned by Caldwell Cos., in Cypress to build a 120,000-square-foot store. Kroger will break ground in the fall at the southwest corner of Tuckerton Road and Barker Cypress. Besides the new Kroger, Towne Lake will also have a new mixed-use development known as The Boardwalk at Towne Lake, which will feature waterfront restaurants, shops and office space. The Boardwalk will break ground later this year and will include waterside parking for resident's boats.
WYLIE — B&B Theatres has begun construction of a 12-screen movie theater, located along FM 544 and Country Club Road in Wylie. Lewisville-based Parkway Construction Co. is the general contractor for the theater, which is slated to open in April 2013. The all-digital projection theater will feature stadium seating, leather high-back rocker-style seats and wall-to-wall curved screens.
EL PASO — Best Buy has signed a lease to open a 37,740-square-foot store at The Fountains at Farah, a 600,000-square-foot power lifestyle center located at the northeast corner of Interstate 10 and Hawkins Boulevard in El Paso. The center is under construction and will open in the fall of 2013. Susan Ridley of Venture Commercial represented Best Buy in the lease transaction, and West Miller of Centergy Retail represented the landlord.
HOUSTON — Marcus & Millichap Capital Corp. (MMCC) has secured an $8 million CMBS loan for a 47,511-square-foot retail space in Houston. Peter Dunn of MMCC's Houston office arranged the 10-year loan with a 30-year amortization schedule and a 4.9 percent interest rate.