HENRICO COUNTY, VA. — Cushman & Wakefield | Thalhimer has secured four new tenants for The Corner at Short Pump, located at West Broad Street and Lauderdale Drive in Henrico County. Toys “R” Us has leased 58,075 square feet, Bassett Furniture Direct leased 14,422 square feet, Olive Garden leased 7,441 square feet and Select Comfort leased 2,400 square feet. Connie Jordan Nielsen, Lindsey Floyd and Loretta Cataldi of Cushman & Wakefield | Thalhimer's Richmond, Va., office represented the landlord in all transactions, and James Ashby IV of the same office represented Bassett.
Retail
ORLANDO & ORMOND BEACH, FLA. — Robert Hernandez of NorthMarq Capital's Tampa, Fla., office has arranged first-mortgage financing totaling $2.39 million for two retail properties currently leased to Family Dollar. The stores are a 9,200-square-foot location at 14243 East Colonial Dr. in Orlando, and a 9,180-square-foot property at 780 South Nova Rd. in Ormond Beach. Financing was based on a 15-year term with a 25-year amortization schedule, and were secured through Columbian Mutual Life Insurance Co.
CHICAGO — The Boulder Group has assisted in the $7.03 million sale of a 13,650-square-foot Walgreens property located at 3220 W. 111th St. in Chicago. The property is leased to Walgreens for a 25-year lease term. The seller was a Chicago-based developer and the buyer was a California-based 1031 exchange investor. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction.
MT. PLEASANT, WIS. — The Redmond Company has completed construction for a 15,870-square-foot Gordon Food Service Marketplace store located in Mt. Pleasant. Construction began in December and the grand opening in scheduled for June 28.
HOUSTON, HILLSBORO AND CARROLLTON — John Wall, Jr., Randall Tuller and Maury Bronstein of The Situs Companies represented Lexington Realty Trust in the individual sales of three Texas properties. These properties include a 54,571-square-foot building leased to Kroger located at 13133 Stuebner Ave. in Houston, a 25,396-square-foot building leased to Safeway located at 120 South Waco St. in Hillsboro and a 62,058-square-foot building leased to Ong’s Family located at 3040 North Josey Ln. in Carrollton. All three assets were acquired by various limited partnerships.
ASHLAND, KY. —Columbus, Ohio-based Glimcher Realty Trust has closed on a 10-year, $42.1 million mortgage loan for the 419,633-square-foot Ashland Town Center, located at 500 Winchester Ave. in Ashland. Goldman Sachs Commercial Mortgage originated the loan.
PEMBROKE PINES, FLA. — CVR Hollywood has sold a 6,303-square-foot former Roadhouse Grill, located at 8525 Pines Blvd. in Pembroke Pines, to Caribbean Investment for $1.1 million. Steven Miller of Fort Lauderdale, Fla.-based The Rotella Group represented the seller in the transaction.
KEY WEST, PEMBROKE PINES & APOPKA, FLA. — Winn-Dixie has selected Orlando, Fla.-based Cuhaci & Peterson Architects to remodel three stores in Florida. The properties are: a 35,000-square-foot store off Roosevelt Boulevard in Key West; a 45,000-square-foot store off Pine Boulevard in Pembroke Pines; and a store off Orange Blossom Trail in Apopka, which will be 45,000 square feet upon completion.
MINNESOTA AND MICHIGAN — Marcus & Millichap (M&M) has completed the sale of a five-property retail portfolio for $11.54 million. The properties includes Office Max stores located in Alexandria, Brainerd and Mankato, Minn., as well as an Office Depot located in Traverse City, Mich. The fifth property is located in Martinsburg, W.V. All five properties have between seven and 11 years remaining on corporate-guaranteed leases. James Stonehill and Scott Wiles of M&M's Cleveland office joined with Erin Patton of the firm's Columbus, Ohio, office to represent the seller, an Ohio developer. Barry Wolfe of M&M's Fort Lauderdale, Fla., office represented the buyer, Boca Raton, Fla.-based Kin Properties. Local representation was provided by Solomon Poretsky of M&M's Minnesota office, Jonathan Dwoskin of the firm's Detroit office and Ralph Nash of West Virginia-based Old Spruce Realty.
ORLAND PARK and ARLINGTON HEIGHTS, ILL.— Cohen Financial has secured $5 million to refinance loans for two Class B retail properties in the Chicago area. The two properties are Waterfall Plaza, a 22,000-square-foot retail strip center located in Orland Park, and Plaza Del Grato, an approx. 40,000-square-foot retail strip center located in Arlington Heights. Brandon Harrington of Cohen’s Phoenix office originated the $2 million loan for Waterfall Plaza and the $3 million loan for Plaza Del Grato. The lender is StanCorp Mortgage Investors and the borrower is a group of retail investors.