DENVER — Unique Properties has sold a free-standing retail building in Denver to Matthew Morris Salon for $1,110,000, or $178.31 per square foot. The 6,225-square-foot building is situated on a 15,246-square-foot lot that also features off-street parking. It is located at 26 W. Ellsworth Ave. Matthew Morris plans to renovate the building and open its salon by summer 2012. The seller, Regas Christou, was represented by Tim Finholm and Sam Leger of Unique Properties.
MIAMI — Miami Avenue Holding has sold five retail spaces, a 6,000-square-foot office and an 18,000-square-foot lot, located at 1036 & 1040 S. Miami Ave. and 21 SW 11th St. in Miami, for $7.5 million. Fabio Faerman of Miami-based Fortunue Commercial Division represented both the seller and the undisclosed buyer in the transaction.
DES MOINES — Dunkin' Donuts has signed a store development agreement with a franchisee team that includes siblings Lori Kelderman High and Jeff Kelderman, for eight new restaurants in Des Moines. Two restaurants are slated to open in 2013 and the remainder by 2016. Franchise opportunities are still available in Iowa, specifically in Sioux City and Ottawa as well as Lincoln and Omaha, Neb.
POWELL, OHIO — Powell Crossing, a 48,750-square-foot retail center has sold for $7.3 million in Powell. The center's shadow anchor, Kroger, recently expanded its space by 20,000 square feet. Dan Cooper of Cooper Commercial Investment Group represented the sellers, Columbus, Ohio-based Powell-Sawmill LLC. He also found the buyer, a private group from Texas.
CHICAGO — City Winery founder Michael Dorf has purchased a 30,000-square-foot property in Chicago's West Loop to open the first offshoot of his City Winery New York location. City Winery Chicago, a fully operational winery, restaurant and concert hall is scheduled to open at 1200 W. Randolph this summer. Construction has begun to transform the former refrigerated food distribution warehouse into a contemporary winery and hospitality facility. The project team includes architect Christopher Warnick, designer Phillip Katz and Summit Construction.
ONTARIO, CALIF. — Last Call by Neiman Marcus has leased nearly 21,000 square feet at Ontario Mills, an outlet shopping mall in Ontario. It will reside within Neighborhood 6, near other well-known brands along the outlet mall’s designer fashion corridor.
WARNER ROBINS, GA. —The 71,167-square-foot Crossroads Marketplace, located at 3040 Watson Blvd. in Warner Robins, has been sold for $11.25 million. Sonny Molloy of Marcus & Millichap's Atlanta office represented Georgia-based Citizens Square, the seller, in the transaction and procured the buyer, Phoenix-based Cole Real Estate Investments. The center is currently 91 percent leased to tenants including Best Buy, Bed Bath & Beyond and Olive Garden.
TINLEY PARK, ILL. — The Boulder Group has completed the $3.3 million sale of a 13,905-square-foot, net-leased Walgreens, located at 16675 S. Oak Park Ave. in Tinley Park. Walgreens has eight years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago trust, in the transaction. The buyer was a California-based 1031 exchange investor.
CARLISLE, PA. — Giant Food Stores has agreed to buy 16 Genuardi's Family Markets stores in the greater Philadelphia area from Safeway Inc. for $106 million. The outlets will be converted into Giant Food Stores after the transaction is completed. The sale is expected to close in the first half of 2012. Carlisle-based Giant Food Stores has more than 180 outlets and operates in states including Pennsylvania, Maryland and Virginia.
JERSEY CITY, N.J. — Time Equities Inc. has purchased a 9,134-square-foot retail condominium, located at 389 Washington St. in Jersey City, for $2.8 million. The property is on the ground floor of the Luxury A Condominiums, a 33-story residential building. Jeff Fishman, Barry Fishbach, Brian Segall and Jonathan Butwin of RFK's New York office represented the project's developer, GTIS Partners. Time Equities was represented in-house by Chris Pulling and Hy Schermer.