GREENWOOD AND INDIANAPOLIS, IND. — Indianapolis-based Thomas English Retail Real Estate opened two The RoomPlace at Harlem Furniture locations in metro Indianapolis. The first store is a 30,000-square-foot location at the 168,000-square-foot Greenwood Shopping Center in Greenwood, on the site of the former Frank’s Nursery & Crafts. The second location is a 33,000-square-foot store at the 158,000-square-foot Castleton Square Pavilion in Indianapolis. The new stores mark the first time for the Chicago-based furniture retailer outside of Chicagoland.
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By Cara Aliek Uptown Village at Cedar Hill Cedar Hill, Texas (March 12) The recently opened Uptown Village at Cedar Hill was birthed 4 years ago when veteran retail developer Buddy Herring of MGHerring Group went down to Cedar Hill to check out JCPenney’s new prototype store, one of the first in the nation to open up. He had been hearing about the Trade Area of Cedar Hill/DeSoto/Duncanville/Lancaster, all just south of Dallas and decided to look around the area while on that trip. After putting more than 200 miles on his car, Herring discovered that based on the housing, income and growth of the area, the residents of Cedar Hill needed a major department store, more retail and upscale restaurant options. And so Uptown at Cedar Hill was born. Gar Herring, Buddy Herring’s son and president and COO of MGHerring Group, says that the open-air shopping center is aimed at providing a place for residents to meet at and relax. “One of the features we’re really proud of is Uptown Village being a hub for the community. We have a Village Green with an interactive water fountain, a stage and a park for families and people to congregate and …
PHOENIX — Somera Capital Management has partnered with 3 Street Financial LLC to acquire Quail Point Apartments, a 264-unit apartment community located on 67th Ave. in Phoenix, from Newcastle Investments for an undisclosed price. Built in 1988, the property consists of 145 two-bedroom units and 119 one-bedroom units in 12 two- and three-story buildings. Additionally, the property features a swimming pool and spa, basketball, tennis and volleyball courts, a clubhouse, a fitness center, and open space for picnic and play areas. Somera Realty Value Fund II L.P., a value-added, closed-end private-equity real estate fund, provided Somera’s equity to the joint venture.
NEW CASTLE, DEL. — Patterson-Woods Commercial Properties/CORFAC International has completed the $2.9 million sale of 30 McCullough Drive in New Castle. Palace Laundry, doing business as Linens of the Week, purchased the 40,000-square-foot distribution warehouse from Ly-Del. The buyer will owner-occupy the warehouse. The one-story building features six loading docks, a 24-foot ceiling, a fenced yard and available parking. Phil Hoge and Greg Ellis of Patterson-Woods represented the seller in the transaction, and Chuck White of White Realty Associates represented the buyer.
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