ALLIANCE, OHIO — Chipotle Mexican Grill has signed a 2,250-square-foot lease, located at the corner of State Street and Western Avenue in Alliance, to build a new restaurant. Cleveland-based Goodman Real Estate Services Group represented the tenant in the lease transaction. Completion is slated for October 2011.
BROOKLINE, MASS. — Boston-based EagleBridge Capital has arranged $11.6 million in financing for a two-story, 36,350-square-foot retail property located at 1285 Beacon St. in Brookline. The property features a granite facade with two levels of underground parking. The property's tenants include Staples, Bodyscapes, a fitness center and The Meat House. Brian Sheehan and Ted Sidel of EagleBridge arranged the mortgage through a leading commercial real estate fund.
FRISCO — NorthMarq Capital has arranged $2.93 million in first mortgage financing for the 18,160-square-foot Lakes Plaza, a retail center in Frisco. Ronald Reese of NorthMarq's Dallas office arranged the financing based on a 10-year term and a 20-year amortization schedule through StanCorp Mortgage Investors.
COLONIAL HEIGHTS, VA. — Cushman & Wakefield — Thalhimer has arranged the $1.1 million sale of a 22,657-square-foot retail property, located at 1823 Southpark Blvd. in Colonial Heights. CHVA Properties purchased the former Circuit City building from 1823 Southpark LLC. Connie Nielsen of Cushman & Wakefield — Thalhimer represented the seller in the transaction.
ROCKVILLE, MD. — Ellwood Thompson's has leased 15,000 square feet with Federal Realty Invesment Trust to open Dawson's Market at the 180,000-square-foot Rockviile Town Square, located at 200 E. Middle Ln. in Rockville. The store is slated to open in spring 2012.
CHICAGO — Meridian Capital Group has secured a $66 million senior mortgage on behalf of Baker Development Corp. to refinance its 178,700-square-foot shopping center, located at 2100-2196 N. Elston Ave. in Chicago. Jacob Schmuckler and Ronnie Levine of Meridian's New York City office arranged the 5-year financing, which was provided by a balance sheet lender.
MARS, PA. — The Shoppes at Adams Ridge, a 49,060-square-foot, grocery-anchored shopping center at 300-920 Adams Ridge Rd. in Mars, has been sold for $10 million. McGinnis Sisters, a specialty grocery store, anchors the center. Steven Siegel of Marcus & Millichap's Manhattan office represented the undisclosed seller, while Erin Patton, Scott Wiles and Craig Fuller represented the undisclosed buyer. Tenants in the shopping center include Dairy Queen, Citizens Bank, McGinnis, Great Clips, Pizza Hut, Stonepepper's Grill and Verizon Wireless.
FAIRVIEW — The Village at Fairview is adding 50,000 square feet of merchants and restaurants to its tenant roster, including: Old Navy (17,000 square feet) Nasr Bros. Jewelers (1,600 square feet) Versona Accessories (7,819 square feet) Zoe's Kitchen (3,400 square feet) La Duni Latin Kitchen (6,965 square feet) Sushi Awaji (6,000 square feet) Down Under (7,433 square feet) The MGHerring Group represented the Village at Fairview in all the above transactions. Not every tenant had representation, but The Retail Connection represented Zoe's Kitchen, Dunhill Partners represented La Duni Latin Kitchen, Grubb & Ellis represented Down Under and Beam Real Estate represented Sushi Awaji.
HENDERSON, NEV. — Mammoth Henderson Center, a 91,636-square-foot office and retail center in Henderson, has sold to Henderson I LLC for $9.5 million. The property was built in 2009, and is currently 40 percent occupied. This was an REO sale. Tom Naseef of Distinct Real Estate Advisors represented both the buyer and the seller, SA California Group, in this transaction.
WEST SAN JOSE, CALIF. — Sunflower Farmers Market has signed a long-term lease for 32,952 square feet inside the West Valley Shopping Center in West San Jose. The store is scheduled to open in fall 2012. Sunflower opened its first California-based store in Roseville earlier this year. It is set to open another outpost in Modesto, and three more stores in Silicon Valley in 2012. Sunflower was represented by James Chung and Patrick McGaughey of Terranomics Retail Services.