Westlake, Ohio — Stark Enterprises has leased space to 11 tenants at Crocker Park, the locally-based developer’s mixed-use property in Westlake. A mix of retail and restaurant concepts — Color Me Mine; Garage; Océanne; State & Liberty; Ten Seconds Yunnan Rice Noodle; Tradehome Shoes; and Vera Bradley — have already opened or will be opening in March. Existing retail and office tenants including Arhaus, Palmer Holland and Lucky Shoes have expanded their locations or moved into larger spaces within the development. CPL Architecture, Engineering & Planning has also leased office …
El Centro, Calif. — CBRE has been selected to provide leasing and management services for Imperial Valley Mall, a 761,275-square-foot shopping center located in El Centro. Tryperion Holdings, Peak Financial Partners and Duke Real Estate acquired the center earlier this month, with plans to invest in facility operations and improvements to the physical infrastructure of the building. Joe Yetter and John Stevens of CBRE will manage leasing efforts for the property. Opened in 2005, Imperial Valley Mall is anchored by Dillard’s, JCPenney, Macy’s and a Cinemark Theatre.
New York City — JOANN has announced it will close all of its stores after the fabric and craft retailer was auctioned off to a new ownership group. Earlier this month, JOANN announced the closures of approximately 500 of its more than 800 locations across the United States. The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January — the second time in a year — where JOANN’s remaining assets were put up for auction. Retail liquidator GA Group and JOANN’s term lenders won …
Middletown, Del. — Blenheim Group has broken ground on a 64,000-square-foot Weis Markets location at Bayberry Town Center, a mixed-use development currently underway in Middletown. Marking its fourth store in Delaware and its first ground-up development, the location will include fresh food departments, a grocery department and pharmacy, as well as a Weis Gas N’ Go fuel center. The grocery store and fuel center are scheduled to open in the fourth quarter of 2025. Weis Markets is part of the larger master-planned community of Bayberry Town Center, which will span …
Sarasota, Fla. — World Market will open an 18,369-square-foot store in Sarasota. Located in the Sarasota Pavilion Shopping Center, the new store will mark World Market’s 14th location in the state of Florida. The specialty retailer is known for its assortment of furniture, home décor, imported rugs and curtains, as well as its selection of candy, beverages and international food products. The grand opening will be held on Friday, February 28.
Newport Beach, Calif. and West Palm Beach, Fla. — Industry veterans Julius Swolsky, Shannon Bona and Don Bingham have launched CrownPoint Partners, a national brokerage and advisory firm focused on net-lease and sale-leaseback transactions across retail, industrial, office, medical and special-purpose sectors. The company will offer services including investment sales and acquisitions, sale-leasebacks and strategic analyses. Swolsky, Bona and Bingham have closed over $3 billion in sales volume across 750 transactions nationwide in the plast five years with their former company, Graystone Capital Advisors. CrownPoint Partners is headquartered in Newport …
Connecticut and Rhode Island — Kempner Properties has acquired a portfolio of six shopping centers in Connecticut and Rhode Island for $30.8 million. The portfolio totals 126,299 square feet and includes 248 West Main Street in Avon, Connecticut; 1326 Boston Post Road in Milford, Connecticut; 580 Main Avenue Norwalk, Connecticut; 994 North Colony Road in Wallingford, Connecticut; 61 Boston Post Road in Orange, Connecticut; and 1085 Bald Hill Road in Warwick, Rhode Island. Each property is anchored by Town Fair Tire. Kempner plans to renovate several of the centers — …
Manchester, N.H. — Hanley Investment Group Real Estate Advisors has arranged the $1.8 million sale of two newly-constructed single-tenant retail properties in Manchester. Located at 525 and 527 Hooksett Road, the buildings are situated on a 1.2-acre parcel and include a 3,450-square-foot Taco Bell and 807-square-foot Aroma Joe’s coffee shop. Both are occupied on a triple-net-lease basis. Hanley’s Jeff Lefko and Bill Asher, in association with ParaSell Inc., represented the Florida-based private buyer in the all-cash, off-market transaction. The seller was a Burlington, Massachusetts-based private investor.
Manchester, N.H. — The Grossman Cos. (TGCI) has acquired South Willow Shops, a 9,869-square-foot retail center located in Manchester, approximately 18 miles south of Concord. TGCI purchased the property for an undisclosed price via its investment fund HIIPCF II. Linear Retail Properties was the seller. Built in 1988, the center features long time tenants including Hannoush Jewelers, Mattress Firm, Chipotle Mexican Grill, as well as a new restaurant, The Great Greek.
Milwaukie, Ore. — Northmarq has brokered the $39 million sale of Milwaukie Marketplace, a multi-tenant retail center located in Milwaukie, approximately six miles outside Portland. Built in 1989, the center comprises four buildings across nine parcels and totals 185,760 square feet. New Seasons Market anchors the center. Additional tenants at the property include Planet Fitness, Ace Hardware, Dollar Tree, Pietro’s Pizza, UPS, Subway, Taco Bell and Starbucks Coffee. Multiple Letters of Intent (LOI) have been signed on the vacant tenant spaces. Kevin Adatto, Sean Tufts, Scott Frank and Joe Dugoni …