SAN ANTONIO AND CORPUS CHRISTI — BAB, Inc. is scheduled to open two new Big Apple Bagels restaurants in San Antonio and a My Favorite Muffin store in Corpus Christi. BAB is slated to open a Big Apple Bagels restaurant at 300 E. Houston St., Suite 105 in September with another Big Apple, also opening in September, at 19178 Blanco Rd. BAB is also planning to open a My Favorite Muffin restaurant at 3920 S. Padre Island in October.
NASSAU BAY AND HOUSTON — Griffin Partners has signed three retailers to lease agreements: • The Paint Pub has leased 2,772 square feet of space in Nassau Bay Town Square, a mixed-use development in Nassau Bay. The Paint Pub combines painting classes, music, beer and wine service and a retail boutique. Jason Long represented the landlord, Griffin Partners, in house. • Wyckoff and Russell has extended its 1,474-square-foot lease at 675 Bering Dr. in Houston. Travis Taylor represented the landlord, Griffin Partners, in house. • Eleven Two Hundred Deli has leased 1,057 square feet at the Westchase Place Building at 11200 Richmond Ave. in Houston. Brian Thorton of Houston Realty Associates represented the tenant, while Long represented the landlord, Griffin Partners, in house.
SANDY SPRINGS, GA. — Marietta, Ga.-based Columbia Properties has acquired the 63,000-square-foot Trowbridge Crossing Shopping Center, located at the corner of Roswell and Trowbridge Roads in Sandy Springs, from Charter Hall REIT for $6.7 million. Publix anchors the center, which is fully leased.
KANSAS CITY, KAN., AND COLUMBUS, OHIO — DDR and Glimcher Realty Trust have entered into an agreement to swap two assets in the fourth quarter of 2011. Glimcher will purchase the 650,000-square-foot Town Center Plaza in Kansas City from DDR for $139 million. Macy's and Dick's Sporting Goods anchor the center. DDR will purchase the 700,000-square-foot Polaris Towne Center in Columbus from Glimcher for $80 million. Target, Lowe's Home Improvement, Kroger, Best Buy and T.J. Maxx anchor the center.
PEARLAND — Holliday Fenoglio Fowler (HFF) has arranged a $3.7 million refinancing for Cullen Crossing, a 34,730-square-foot retail center at 8321 Broadway St. in Pearland, a suburb of Houston. Cullen Crossing is 94 percent leased to tenants Hallmark, Comcast Cable, Wingstop and Subway, and it features two pad sites occupied by Wells Fargo and McDonald's. HFF's Travis Anderson arranged the 10-year, fixed-rate loan with American United Life Insurance Co. on behalf of Cencor Realty Services.
ROWLAND HEIGHTS, CALIF. – Johnson Capital has arranged an $11-million loan for the 225,808-square-foot Mandarin Plaza retail center in Rowland Heights. Located at 18900 – 18932 E. Gale Ave., Mandarin Plaza was built in 1984 and renovated in 2010. It is fully leased. Tenants include 99-Ranch Market, a 135-room Best Western Hotel, and more than 20 additional shops and restaurants. The debt was provided by John Hancock Life Insurance Company. Financing was arranged by Greg Richardson, managing director, and Scott Watson, vice president of Johnson Capital’s Irvine, Calif., office.
BALTIMORE CITY, MD. — NAI KLNB Retail Investment Sales has arranged the $4.55 million sale of a 32,000-square-foot, eight-building retail portfolio, located at 2213-2241 Monument St. in Baltimore City. The property is fully leased. Gil Neuman of NAI KLNB's Ellicott City, Md., office represented Miller Real Estate Co., the seller, in the transaction and Jim Caronna of NAI KLNB's Towson, Md., office represented Washington, D.C.-based Spectrum Properties, the buyer.
VERNON HILL AND ORLAND PARK, ILL. — Crystal Lake, Ill.-based Gallant Building Solutions has recently completed two renovations for hhgregg stores in Vernon Hills and Orland Park. Both locations totaled more than 70,000 square feet of retail space. Renovations included the demolition of existing interior finishes, remodel of existing restrooms, new store front entrances and sidewalks. Interior finishes included lighting, flooring, drywall, painting, electrical and HVAC systems.
NEW YORK CITY — Massey Knakal has brokered the $7.1 million purchase of three retail units at 64-68 W. 125th St. in New York City's Harlem neighborhood. The units are single story and comprise approximately 7,659 square feet. Massey Knakal's Jeffrey Shalom and Lev Kimyagarov handled the transaction.
ATLANTA — CB Richard Ellis has brokered the $81.65 million sale of the 531,287-square-foot Edgewood Retail District, located at the intersection of Moreland Avenue and Caroline Street in Atlanta, to North American Development Group. A separately-owned Target, Lowes Home Improvement, Kroger, Best Buy, Bed Bath & Beyond and Ross Dress for Less anchor the center, which is 99 percent leased. Casey Rosen of CBRE's Miami office and Chris Decoufle of the Atlanta office represented the seller, Greensboro, N.C.-based Bell Partners.