Retail

NEW BERN, N.C. — Augusta, Ga.-based Hull Storey Gibson Cos. has completed a renovation of its 361,000-square-foot Twin River Mall, now known as The New Bern Mall. The property is located at the intersection of Dr. Martin Luther King Jr. Boulevard and U.S. Highway 70 in New Bern. Exterior work included a new mall entrance with enhanced signage. Workers added new paint, carpet and tile to the interior as well as raising the ceiling and upgrading the bathrooms.

OOLTEWAH, TENN. — GVH Duff Associates has sold a single-tenant property net-leased to BB&T to Arden Square for $1.46 million. BB&T’s 20-year lease of the Ooltewah property includes 12.5 percent rent increases every 5 years. Mark Taylor and Dean Zang of Marcus & Millichap’s Philadelphia office represented the seller. Stanton Falk of the firm’s Cincinnati office represented Arden Square.

LOUISVILLE, KY. — Canton, Mass.-based Baskin-Robbins has outlined a plan to open more than 20 new stores in Louisville and surrounding counties. The company is currently searching for franchisee candidates. The ice cream purveyor currently oversees three stores in the Louisville area and operates nearly 2,700 stores throughout the country.

SAN JUAN, PUERTO RICO — Nordstom and Saks Fifth Avenue have signed letters of intent to anchor the Plaza Internacional shopping center. The Puerto Rican property is being developed by Bloomfield, Mich.-based Taubman Centers and San Juan-based New Century Development. In addition to 650,000 square feet of retail space, the development will include a hotel and a casino.

TALLAHASSEE, FLA. — Envision Credit Union has purchased a 3,500-square-foot KFC store from an undisclosed seller for $1.8 million. Located on 0.67 acres at 3519 Thomasville Rd. in Tallahassee, the property is adjacent to the site of a proposed Publix. The buyer is planning to convert the restaurant into a credit union branch. Ted Bollmann and Chris Marino of Tallahassee-based Sperry Van Ness|SouthLand Commercial represented the buyer.