LAKE SAINT LOUIS, MO. — Seven new retailers have joined the tenant roster at The Meadows at Lake Saint Louis, a 64-acre lifestyle center located at the interchange of Lake Saint Louis Boulevard and Interstate 64 in Lake Saint Louis. St. Louis area tenants Clarkson Jewelers and Puddle Ducks will join national retailers CJ Banks, Aeropostale and Bachrach. The five retailers will open when the 260,000-square-foot first phase of the project opens in August. Additionally, Old Navy will open in early 2009 in a junior anchor location next to an already-announced Bed, Bath & Beyond. Outdoor apparel chain Backwoods will be constructing a freestanding location on an outparcel at the center, also scheduled to open in early 2009. At full completion, The Meadows at Lake Saint Louis will contain 500,000 square feet of retail space in a pedestrian-friendly, downtown environment.
TULSA, OKLA. — Tulsa-based Stan Johnson Co. has completed the sale of a 14-property portfolio comprising more than 900,000 square feet. The portfolio, which includes retail, office and industrial properties in nine states, sold for $123 million. Gill Warner and Craig Kenney of Stan Johnson Co. represented the buyer, Cole Cos., in the transaction. Mark Allison at Investors Real Estate Agency represented the undisclosed seller. The portfolio included one retail and one office property in Texas.
CORPUS CHRISTI, TEXAS — The Houston office of Holliday Fenoglio Fowler (HFF) has arranged $7.21 million in refinancing for Town & Country Shopping Center in Corpus Christi. The 94,736-square-foot retail center, which was renovated in 2007, is 62 percent leased to tenants such as TCBY, Subway, Schlotzsky’s Deli and Hollywood Video. The property sits on a 6.2-acre site at 4250 S. Alameda St. Tucker Knight and Steve Gautier of HFF worked on behalf of the borrower, Fowler Property Acquisitions, to secure the loan through The Mission Bank.
PUYALLUP, WASH. — Beverly Hills, Calif.-based Barclay’s Realty & Management Co. has acquired two retail centers for $8.17 million. Located along Highway 161 in Puyallup, the centers, which totals 15,257 square feet, are currently leased to tenants such as Forza Coffee, Popeye’s, Go Wireless, FedEx Kinko’s and Payless Shoe Source. The Seattle-based Colliers Retail Investment Team, headed by Paul Sleeth, represented the buyer and the seller, South Puyallup Retail Investments LLC, in the transaction.
VENICE BEACH, CALIF. — Combined Properties Inc. is renovating and redeveloping Lincoln & Rose Shopping Center in Venice Beach. Located on Lincoln Boulevard at Rose Avenue, the 75,500-square-foot property will be anchored by a 48,500-square-foot Whole Foods Market, which is pursuing the Silver Level of LEED Certification. Renovations to the center include a new storm water management system with a bio swale, more than 65 new trees intended to increase the shade cover, and new and expanded sidewalks that are planned to improve walkability and access. Completion is slated for the end of the year. Studio 111 at Perkowitz+Ruth Architects is providing architectural services for the project.
MOUNT VERNON, OHIO — Columbus, Ohio-based Glimcher Realty Trust has sold Knox Village Square, a 207,409-square-foot retail center located in Mount Vernon, for $9.5 million. The community shopping center is anchored by JC Penney, Kmart and Peebles. Glimcher sold the property to WP Realty, and will use the proceeds of the sale to pay down the company’s short-term borrowings.
SECAUCUS, N.J. — Hartz Mountain Industries is currently redeveloping the Mill Creek Mall in Harmon Meadow in Secaucus. Located just off Route 3, the newly redeveloped mall will include a 28,000-square-foot TJ Maxx and a 70,000-square-foot Toys ‘R’ Us & Babies ‘R’ Us. The facility is slated for completion fall 2008.
BROOMFIELD, COLO. — Drake Real Estate Services has developed Broomfield Corners, a five-acre retail center in Broomfield. Slated to open this fall, the center will feature fast-food and fast-casual restaurants, including Carl’s Jr., Noodle & Company, del Taco and Qdoba Mexican Grill. Other tenants include Chase Bank, NextCare, Game Stop and Sprint. Additionally the project will include public art and sculptures along the pedestrian walkway. MCG Architecture provided architectural services for the project.
D’IBERVILLE, MISS. — Chattanooga, Tenn.-based CBL & Associates, in conjunction with joint venture partner Forum Development Group, is building The Promenade, a 72-acre, 700,000-square-foot power center in D’Iberville, located at the northwest corner of interstates 10 and 110. The center will feature 11 anchors and more than 80,000 square feet of specialty shops and restaurants. CBL is the majority partner responsible for development, leasing and management. Construction will begin this month, and the center will open next fall. The project will benefit from tax exempt funding via GO ZONE legislation, which is designed to encourage development in hurricane-impacted areas. Chattanooga-based EMJ Corporation is the general contractor, and the project architect is Atlanta-based Phillips Partnership. Tenants have committed to occupy more than 365,000 square feet.
ROUND ROCK, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged a $2.37 million fixed-rate loan for the acquisition of the Center at Cat Hollow. The 10,869-square-foot retail center is located at 16420 N. FM 620 in Round Rock. A pad site also was included in the sale.