GAINESVILLE, FLA. — Wal-Mart has opened a 35-acre, 207,000-square-foot Wal-Mart Supercenter in east Gainesville and is planning a second location in the northern area of the city. Mike Ryals of Bosshardt Realty Services represented the seller in the land transaction for the east location and is also representing the seller in the acquisition of the north Gainesville site, which is scheduled to complete by the end of next year.
SECAUCUS, N.J. — Kerasotes ShowPlace Theatres is set to open a 14-screen multiplex in Hartz Mountain’s Harmon Meadow development in Secaucus. The theater will feature 2,752 seats for moviegoers. Construction on the project is slated to begin this July with completion scheduled for summer 2009. Harmon Meadow is a 175-acre mixed-use development.
WEST LOS ANGELES, CALIF. — Hold This LLC has acquired a 5,237-square-foot retail building, which is located at 3783-85 Cahuenga Blvd. in West Los Angeles. La Selva Associates Inc. sold the property for $2.1 million. The buyer plans to use the property as a post-production facility. Stacy Vierheilig-Fraser of Charles Dunn’s Studio City, Calif., office represented the buyer; Colliers Seeley represented the seller in the transaction.
OPELIKA, ALA. — Courtyard by Marriott, Fairfield Inn, Kohl’s and Bed Bath & Beyond will open locations at TigerTown, a 130-acre, 1-million-square-foot lifestyle center in Opelika, located at the intersection of Interstate 85 and Highway 280. Nashville, Tenn.-based CNTigertown Hotel Partners is developing a 74-room Fairfield Inn and an 84-room Courtyard by Marriott. The Fairfield Inn began construction last December and will open in September. Amenities will include two swimming pools. The Courtyard by Marriott property will begin construction this spring and complete next fall. Amenities will include an indoor pool, an exercise room, meeting rooms and a business library. Also, Kohl’s is building a 68,500-square-foot location, and Bed Bath & Beyond is building a 23,000-square-foot location. Both stores will commence construction this month and open by year-end.
CAMBRIDGE, MINN., AND WAUKESHA, WIS. — Minneapolis-based The Opus Group is developing two new shopping centers in Minnesota and Wisconsin. Spirit River Crossings is a 250,000-square-foot power center located in Cambridge. Situated on 30 acres, it will be anchored by Kohl’s and Lowe’s Home Improvement Warehouse. The Shoppes at Fox River is a 500,000-square-foot power center located in Waukesha. The tenant roster will consist of national and regional tenants, including sporting goods, soft goods, small shops and restaurants.
ROCKWALL, TEXAS — Gensler has designed a Toyota dealership to achieve LEED Gold certification in Rockwall. The 11.25-acre dealership is located at 1250 I-30 East. Beck Construction was the general contractor for the 70,200-square-foot facility.
HENDERSON, NEV. — Taubman Centers Inc. has partnered with M Resort, Spa and Casino and MGM MIRAGE to develop a 1 million-square-foot retail component as part of the $1 billion M Resort, Spa and Casino development located at the intersection of Las Vegas Boulevard and St. Rose Parkway in Henderson. Owned and developed by Taubman, the retail portion will feature in-line shops, restaurants, theaters and fashion department stores. Construction is slated to start this year or next, with completion scheduled for late 2011 or early 2012.
BOYNTON BEACH, FLA. — Woolbright Development is building Valencia Square, a 155,000-square-foot shopping center in Boynton Beach, located at the northwest corner of Jog and Woolbright roads. The Mediterranean-style center began construction in April and is expected to deliver late this year. Tenants include Publix, DryClean USA, David & Co., Bagelsteins, Wachovia Bank and Fifth Third Bank. Boca Raton, Fla.-based Marc Wiener is the project architect, and the general contractor is Orlando, Fla.-based Keene Construction.
WINTER HAVEN, FLA. — A private party has purchased Winter Haven Citi Centre, a 16-acre, 185,705-square-foot retail center in Winter Haven, from a publicly traded institution, for $20 million. The center is located at 231 Citi Centre St., near Highway 17. Tenants include Macy’s, Belk, Staples, Crisper’s, Eye Doctor Optical, GNC, H &R Block and Pier 1 Imports. The property was 100 percent occupied at the time of sale. Lori Schneider of Marcus & Millichap’s Fort Lauderdale, Fla., office represented both the buyer and seller.
LAWRENCEVILLE, N.J. — Simon Property Group and Kravco Simon Co. are set to begin the expansion and renovation of Quaker Bridge Mall in Lawrenceville. Plans call for a lifestyle center component that will include restaurants and two new high-end retail anchors, Neiman Marcus and Nordstrom. Cooper Carry is designing the project. The 1.63 million-square-foot renovation and expansion is slated to begin this fall and is scheduled for completion in 2011.