FORT WAYNE, IND. — Marcus & Millichap has brokered the sale of Covington Plaza, a 199,701-square-foot shopping center located at 6400 W. Jefferson Blvd. in Fort Wayne, for $21.02 million. The property comprises two buildings situated on a 28.26-acre lot, and sold for a price of $106 per square foot. Greg Moyer of Marcus & Millichap’s Indianapolis office, along with Lori Schneider of the firm’s Fort Lauderdale, Fla., office, represented the undisclosed seller. The property was acquired by Lamar Cos.
Retail
FORT WAYNE, IND. — Marcus & Millichap has brokered the sale of Covington Plaza, a 199,701-square-foot shopping center located at 6400 W. Jefferson Blvd. in Fort Wayne, for $21.02 million. The property comprises two buildings situated on a 28.26-acre lot, and sold for a price of $106 per square foot. Greg Moyer of Marcus & Millichap’s Indianapolis office, along with Lori Schneider of the firm’s Fort Lauderdale, Fla., office, represented the undisclosed seller. The property was acquired by Lamar Cos.
NEW YORK CITY — Bremen House has sold Unilake Shopping Plaza in Queens, New York City, to Vickers Realty for $4.7 million. The 14,780-square-foot retail center is located at the intersection of Union Turnpike and 271st St. in the New Hyde Park area. Alan Miller and Benjamin Tapper of Eastern Consolidated represented the seller, and Robert Oritz, also of Eastern Consolidated, represented the buyer.
NEW YORK CITY — Bremen House has sold Unilake Shopping Plaza in Queens, New York City, to Vickers Realty for $4.7 million. The 14,780-square-foot retail center is located at the intersection of Union Turnpike and 271st St. in the New Hyde Park area. Alan Miller and Benjamin Tapper of Eastern Consolidated represented the seller, and Robert Oritz, also of Eastern Consolidated, represented the buyer.
WESLEY CHAPEL, FLA. — Forest City Commercial Development and West Palm Beach, Fla.-based The Goodman Company have signed 42 additional tenants at The Shops at Wiregrass, an 800,000-square-foot lifestyle center in Wesley Chapel, located at the intersection of State Road 56 and Bruce B. Downs Boulevard. The new retailers include American Eagle Outfitters, Barnes & Noble, Coldwater Creek, Fifth Third Bank, Gymboree, Kay Jewelers, Talbots and White House | Black Market. The property is anchored by Dillard’s, Macy’s and JC Penney, and will open in October.
WESLEY CHAPEL, FLA. — Forest City Commercial Development and West Palm Beach, Fla.-based The Goodman Company have signed 42 additional tenants at The Shops at Wiregrass, an 800,000-square-foot lifestyle center in Wesley Chapel, located at the intersection of State Road 56 and Bruce B. Downs Boulevard. The new retailers include American Eagle Outfitters, Barnes & Noble, Coldwater Creek, Fifth Third Bank, Gymboree, Kay Jewelers, Talbots and White House | Black Market. The property is anchored by Dillard’s, Macy’s and JC Penney, and will open in October.
KALAMAZOO, MICH. — Kalamazoo-based PlazaCorp Realty Advisors has plans to build a 12,055-square-foot retail center near the intersection of West Main Street and Drake Road in Kalamazoo. The existing Colonial Kitchen Restaurant located on the property will be demolished to make way for the new building and parking facility. The building will be occupied by Colonial Kitchen, AT&T, and additional retail tenants. Completion is scheduled for this fall.
KALAMAZOO, MICH. — Kalamazoo-based PlazaCorp Realty Advisors has plans to build a 12,055-square-foot retail center near the intersection of West Main Street and Drake Road in Kalamazoo. The existing Colonial Kitchen Restaurant located on the property will be demolished to make way for the new building and parking facility. The building will be occupied by Colonial Kitchen, AT&T, and additional retail tenants. Completion is scheduled for this fall.
Pico Rivera, Calif. — Seal Beach, Calif.-based Heslin Becker Properties LLC has completion the construction of Pico Plaza, a 30,000-square-foot retail center located at 9317 and 9321 Whittier Blvd. in the heart of Pico Rivera. Tenants of the shopping center include Rite Aid, Subway and Starbucks Coffee. Prior to redevelopment, Pico Plaza comprised two separate land parcels that featured a vacant Albertsons and a 90-percent vacant strip center. The company acquired the smaller parcel from an undisclosed seller. The owner of the larger parcel retained residual interest and partnered with Heslin Becker to redevelop the property.
AUSTELL, GA. — John Leonard of Marcus & Millichap’s Atlanta office and Lori Schneider of its Fort Lauderdale, Fla., office have arranged a 14.5-acre ground lease for a 130,948-square-foot Home Depot in Austell, for $9.6 million. The newly constructed Home Depot signed a 20-year triple net lease, which commenced last April. The property is located at the intersection of Floyd Road and the East-West Connector.