GRAPEVINE — Dallas-based Venture Commercial, through its Venturetainment Division, has completed two leases for Merlin Entertainments Group, bringing LegoLand Discovery Center and a Sea Life Aquarium to Texas for the first time. The two attractions will open later this year in the Grapevine Mills Mall. LegoLand will occupy approximately 35,000 square feet and Sea Life will occupy approximately 45,000 square feet. Jonathan Cooper and Larry Leon of Venture Commercial assisted Howard Samuels of Samuels & Co. representing the two tenants. Gregg Goodman represented Mills/Simon in-house.
Retail
CARSON, CALIF. — Scott Hook of Marcus & Millichap has completed the sale of Avalon Plaza in Carson. The 15,577-square-foot retail center, which is located at 20761 Avalon Blvd., sold for $4.3 million. Hook represented the undisclosed seller in the transaction. The buyer was not disclosed.
ATLANTA — Atlanta-based general contractor Benning Construction Co. has been selected to construct three Publix stores in the Southeast. The project include stores in Columbus, Ga., Pell City, Ala., and Summerville, S.C. Additionally, Benning won the contract to build an 18,000-square-foot, state-of-the-art Planet Fitness facility at Interstate 20 and Wesley Chapel Road in DeKalb County, Ga. The fitness facility is scheduled for delivery in March.
STRONGSVILLE, OHIO — A California-based private investor has acquired Strongsville Pointe, a retail center located at 14375-14427 Pearl Road in Strongsville. The 41,019-square-foot property is anchored by Boston Market with two outparcels occupied by Taco Bell and Dollar Bank. Cleveland-based Coral Strongsville Limited Partnership sold the property for $1.65 million or $40.23 per square foot. Bob Havasi of Cleveland-based Cooper Commercial Investment Group represented both parties in the transaction.
NORTH CHARLESTON, S.C. — RCG Ventures LLC, in a joint venture with DRA Advisors LLC, has acquired Northwoods Marketplace in North Charleston. Situated across from Northwood Mall, the 192,729-square-foot center is occupied by Barnes & Noble, Michaels, Old Navy, Best Buy, Bog Lots and Guitar Center. The undisclosed seller was represented by Faison & Associates. The acquisition price was not released.
FORT LAUDERDALE, FLA. — GJL Riviera LLC has acquired a Bank of America branch location at 2406 S.E. 17th St. Causeway in Fort Lauderdale. The freestanding, 4,385-square-foot property sold for $1.45 million. Dave Donnellan and Todd Weintraub of CB Richard Ellis represented the undisclosed seller in the transaction.
LOS ANGELES AND SAN FRANCISCO — LandMark Retail Group has completed three more CVS/pharmacy stores, two in Los Angeles and one in San Francisco. Located in downtown Los Angeles at the corner of Figueroa Street and 32nd Street and across the street from the Galen Center, the location within the newly constructed University Gateway mixed-use project will serve the daily needs of students, faculty and staff of the University of Southern California. The newly opened store at the corner of Roscoe Blvd. and DeSoto Avenue in Los Angeles will fill a void in the San Fernando Valley by serving customers in the family-oriented communities of Winnetka, Canoga Park and Northridge. Finally, with its first opening in San Francisco, LRG has facilitated a key CVS/pharmacy presence one block from Union Square and across the street from the Apple flagship retail store. LRG, a subsidiary of NewMark Merrill Cos., has been the CVS preferred developer since 2005.
NORTHGLENN, COLO. — Cushman & Wakefield of Colorado has arranged Panattoni Development’s more than $3 million sale of the 76,087-square-foot Northglenn Marketplace, located at 10602 Melody Drive in Northglenn, to Summit Development Group. Built in 1986 and 86 percent occupied at time of sale, the property is anchored by Woodley’s Fine Furniture and K&G Men’s Superstore. Cushman & Wakefield’s Gene Pride and Patrick Devereaux represented the seller in the transaction.
HUNTINGTON BEACH, CALIF. — Q10 | Dwyer-Curlett has arranged a $4.5 million loan for the acquisition of the 48,946-square-foot Huntington South Center, a grocery-anchored retail property located in Huntington Beach. On behalf of the borrower, Dwyer-Curlett's Perry Colligan placed the loan with an affiliate of National Life of Vermont.
MORROW, GA. — Asherian Properties has acquired Southlake II, a 117,081-square-foot retail center in Morrow. Located at 1294 Mt. Zion Blvd., the property is occupied by K&G Fashion Superstone, Farmers Home Furniture, Citi Trends and D&K Suit City. Stafford Properties sold the retail center for $4.7 million. Watson Bryant of Carter & Associates represented the buyer; CB Richard Ellis' Atlanta Private Client Group, led by Craig Taylor, represented the seller in the transaction.