SPRING, TEXAS — Greg Young and Cutt Ableson of Live Oak Capital have arranged $4.7 million in acquisition fixed financing for a 35,321-square-foot retail property in Spring. Located at 6370 Louetta, the property features Pure Fitness as the anchor tenant. Additional retailers include Perfect Tan, Champions Hair and Serenity Day Spa. The center was completed in March 2007. ViewPoint Bank in Houston structured the loan.
THE WOODLAND, TEXAS — Drew Morris of Studley’s Houston office has negotiated the purchase of a two-story building in The Woodlands. Lighting Inc. will occupy 14,000 square feet of retail space in the facility, which is located at 255 Ed English Lane. Lighting Inc. purchased the building from K&B of Walden LLC.
CONCORD, N.C. — Orlando, Fla.-based Cuhaci & Peterson is designing a 62,000-square-foot addition at Christenbury Corners in Concord. The project is being developed by Safety Harbor, Fla.-based Paradise Development and includes a 38,000-square-foot Bloom grocery store and 24,000 square feet of retail shops.
TEXAS — Atlanta-based GreenbergFarrow is overseeing the rollout of new locations for Carl’s Jr. restaurants in Texas and California. GreenbergFarrow’s development services division is guiding the expansion program for the restaurant, which currently has more than 1,100 restaurants in 14 states and six countries. The firm also will provide architecture, civil engineering and site planning services for the new restaurant locations.
TEMPE, ARIZ. — Robert Reisner of Tempe-based RWR Enterprises LLC has acquired Broadway Plaza Tempe, a 12,961-square-foot retail building in Tempe. Located at 1740 E. Broadway, the property sold for $4.57 million or $359 per square foot. Erik Marsh of Marcus & Millichap’s Phoenix office represented the buyer; Jamie Medress and Mark Ruble, also of Marcus & Millichap’s Phoenix office, represented the seller, Alan Roselinsky of Las Vegas-based Broadway McClintock Plaza LLC, in the transaction.
ST. AUGUSTINE, FLA. — Weingarten Realty and St. Augustine Retail Holdings are developing Epic Village at St. Augustine, a 23-acre theatre-anchored shopping center, adjacent to St. Augustine Market. The project will feature a 16-screen Epic Theatre and 17,896 square feet of retail space with four outparcels. Construction is slated to begin this month and complete in spring 2009.
COLUMBIA, MD. — Sleepy’s, a specialty mattress retailer, has leased 119,000 square feet at Gateway Commerce Center in Columbia, from RREEF. The property is located at 8700 Robert Fulton Dr. and is near the intersection of Route 175 and Interstate 95. Bob Smith and Brad Berzins of NAI KLNB represented the lessee, and the landlord was represented by Ed Harris and John Wilhide of CB Richard Ellis.
CHESHIRE, CONN. — Press/Cuozzo Commercial Services has brokered the $1.35 million sale of an 11,500-square-foot retail building in Cheshire. The single-story building is situated on 1.36 acres at 882 S. Main St. The buyer, Whitney Cheshire, was represented in-house by Stephen Press. Lou Proto of The Proto Group represented the seller, Delaware-based seller Home Fabric Mills, in the transaction.
GREENSBORO AND DURHAM, N.C. — Tom Goodsite of Prudential Mortgage Capital’s Atlanta office originated two fixed-rate, 5-year interest-only loans, totaling $115.7 million, on behalf of CBL & Associates, for the Starmount portfolio in Greensboro and Renaissance Center Phase II in Durham. The Starmount portfolio secured $100 million in financing. The portfolio consists of Friendly Center, a 1-million-square-foot regional shopping mall, and six surrounding suburban office/bank buildings. The mall is anchored by Macy’s, Belk, Sears, Grande Cinema and Barnes & Noble. Renaissance Center Phase II secured $15.7 million in financing. The property is a 150,200-square-foot shopping center anchored by Best Buy, Babies R’ Us and Old Navy, in addition to specialty shops, restaurants and second-floor office space.
SATELLITE BEACH, FLA. — Mr. Sunil Khiyani and Skyview Plaza have acquired a 32,750-square-foot retail center in Satellite Beach, from Garrett Co. and Trigen Co., for $3.5 million. The property is located at 202-254 Highway A1A. Ronnie Issenberg of Marcus & Millichap’s Miami office was the sole broker in the transaction.