Retail

BELLEVILLE, ILL. — Swansea, Ill.-based Holland Construction Services has completed the first phase of renovations at an Eckert’s Country and Farm location in Belleville. The $5 million renovation included a 22,000-square-foot expansion, which will provide more space for local produce and meat, specialty food and a bakery, and a 1,200-square-foot cooking and workshop classroom. The second phase of construction is currently under way. The second phase includes the renovation and expansion of Eckert’s Country Restaurant, doubling its capacity and adding curbside meal pick-up, the additional parking and a new outdoor plaza space. The Lawrence Group provided architectural services for the project.

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FORT WORTH, TEXAS — Albertson's and Cook Children's Health Care have signed leases totaling 77,620 square feet at Westcliff Shopping Center in Fort Worth. The 136,320-square-foot property is located at 3511 Biddison St. Albertson's leased a 39,120-square-foot, stand-alone building and has invested $5 million in upgrades to the property. Cook renewed its 38,500-square-foot lease.

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DUBLIN, OHIO — Cleveland-based Cooper Commercial Investment Group has completed the disposition of Tuttle Crossing, a retail plaza located at 6079 Park Center Circle in Dublin. The 6,145-square-foot property is anchored by Chipotle Mexican Grill, Sprint PCS and GameStop. The fully occupied plaza sold for $2.52 million or $411 per square foot. Additionally, assumable, non-recourse, fully amortizing financing was in place on the property with approximately 9 years remaining at a 5.69 percent interest rate. Dan Cooper of Cooper Commercial represented the Kentucky-based sellers. The property was purchase by a private Ohio-based buyer.

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MECHANICSVILLE, VA. — GDA Real Estate has purchased the 46,743-square-foot Bell Creek Commons shopping center from Atlantic Realty Investments for $11.1 million. The property, which is anchored by Best Buy, is located at the intersection of Interstate 295 and Mechanicsville Turnpike. The 2-year-old center is 97 percent occupied. Kris Cooper, Margaret Caldwell and Christine Hawver of Jones Lang LaSalle represented the seller.

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RIVIERA BEACH, FLA. — SIKON Construction will soon begin work on the $7 million Publix at Riviera Beach. The 84,600-square-foot property will span three stories and will be located at 252 E. Blue Heron Blvd. in Riviera Beach. The 28,200-square-foot supermarket will sit below two floors of parking. Fisher and Associates designed the property, which is being developed by Brandon Structures. Completion is expected in August 2011.

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PITTSBURGH — CBL & Associates has commenced Phase II construction for Settlers Ridge, a 500,000-square-foot, open-air shopping center located in Pittsburgh. Under construction is 78,000 square feet, which will include anchors Ross Dress for Less and Michaels as well as a junior anchor space and 18,000 square feet of additional small-shop and retail space. Completion is expected in spring 2011.

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HARTLAND, WIS. — Dallas-based P. O’B Montgomery & Co. has acquired Cottonwood Plaza Shopping Center in Hartland. Anchored by Piggly Wiggly and Fox Brothers, the 54,693-square-foot retail center is located at 505-517 Cottonwood Avenue. Nick Tortorice of P. O’B Montgomery was the company’s key individual in the acquisition. Financing for the transaction was provided by Protective Life Corp. Additional terms of the transaction were not disclosed.

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AURORA, ILL. — Garden Ridge, a décor superstore, is opening a new location at 956 Route 9, the former Expo Design Center, in Aurora. Situated on approximately 3 acres, the 190,000-square-foot store will offer home décor and seasonal décor, including furniture, framed art, mirrors, silk floral, greenery and bedding. Once opened in September, the store is expected to employ approximately 30 full- and part-time workers.

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COLUMBUS, GA. — Columbus-based Victory Real Estate Investments has purchased a 10-property shopping center portfolio from Prattville, Ala.-based Newton Oldacre McDonald for an undisclosed amount. Four centers are located in Florida, another four centers are located in Alabama, and the remaining properties are located in Mississippi and Louisiana.

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