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Abby Cox

Mandarin Oriental Retail Collection
Investment salesMassachusettsNews

JLL Arranges $83 Million Sale of Mandarin Oriental Retail Collection in Boston

by Abby Cox

Boston — JLL Capital Markets has arranged the $83 million sale of the Mandarin Oriental Retail Collection, a 28,856-square-foot retail property located in the Back Bay neighborhood of Boston. Situated within the Prudential Center, the retail condominium occupies the ground-floor of the Mandarin Oriental Hotel and is anchored by Citizens Bank. Additional tenants at the property — which was 82 percent leased at the time of sale — include Frette, MiniLuxe and Lunette Optic. Chris Angelone, Zach Nitsche, Sam Wiesman and Anthony Cutone of JLL’s Investment Sales and Advisory team …

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The Shoppes at Carlsbad
CaliforniaFinanceInvestment salesNews

Archway Capital Provides $42.9 Million in Financing for Retail Portion of The Shoppes at Carlsbad

by Abby Cox

Carlsbad, Calif. — Archway Capital has provided a $42.9 million loan for the acquisition of a major retail portion of The Shoppes at Carlsbad, a 1.1 million-square-foot regional shopping center located in Carlsbad, roughly 35 miles north of San Diego. The borrower was Los Angeles-based Steerpoint Capital. The portion that was acquired comprises 727,000 square feet and is currently 74 percent occupied with a tenant mix featuring Yard House, The Cheesecake Factory, Hollister, American Eagle Outfitters, Dave & Busters, 24 Hour Fitness and Regal. The anchor tenants at the center, …

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Shell Gas Station
Investment salesNewsTexas

CrownPoint Partners Facilitates $27 Million Sale-Leaseback of Five-Property Retail Portfolio in Texas

by Abby Cox

Texas — CrownPoint Partners has facilitated the sale-leaseback of a five-property convenience store portfolio in Texas for $27 million. Julius Swolsky and Don Bingham III of CrownPoint Partners represented the seller and the buyer, a Delaware-based private investment group, in the all-cash transaction through Newmark Title Services of Texas in Houston.

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Highlands of Lombard
IllinoisInvestment salesNews

Marcus & Millichap Brokers $5.6 Million Sale of Strip Center in Metro Chicago

by Abby Cox

Lombard, Ill. — Marcus & Millichap has brokered the $5.6 million sale of Highlands of Lombard, a 16,223-square-foot strip center located in the Chicago suburb of Lombard. Built in 2007, the six-suite property is situated across from Yorktown Center mall. The property — which was fully occupied at the time of sale — features a mix of food, health and service-based tenants. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap procured the out-of-state buyer and represented the seller, a Chicago-based private investor who had owned the property …

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BJ’s Wholesale Club
DevelopmentGeorgiaNews

BJ’s Wholesale Club to Open 104,170-Square-Foot Grocery Store in Warner Robins, Georgia

by Abby Cox

Warner Robins, Ga. — BJ’s Wholesale Club plans to open a new grocery store and BJ’s Gas station south of Atlanta in Warner Robins. The Telegraph reports that the 21-acre site will house the 104,170-square-foot grocery store and 582 parking spaces, as well as a 2,204-square-foot gas station with eight pumps that opened in late August. The new BJ’s Wholesale Club store is set to open on Friday, Sept. 12. The property represents the first BJ’s Wholesale Club store in middle Georgia and its seventh in the state, according to The Telegraph.

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Lacey Marketplace
Investment salesNewsWashington

Curbline Properties, Agree Realty Buy 125,204-Square-Foot Lacey Marketplace in Washington

by Abby Cox

Lacey, Wash. — Curbline Properties and Agree Realty have separately acquired portions of Lacey Marketplace, a 125,204-square-foot power center in Lacey. Curbline Properties purchased the 31,885-square-foot retail component located at 1350 Marvin Road NE for an undisclosed price. Current tenants of the fully occupied property include Panera Bread, Mattress Firm, BECU, Verizon Wireless, Cutter’s Point Coffee and Panda Express. Meanwhile, Agree Realty acquired the remaining 93,319-square-foot big box component located at 1200 Marvin Road NE for $21 million. The fully occupied retail component features tenants such as Boot Barn, La-Z-Boy, …

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Oliveira Plaza
CaliforniaInvestment salesNews

JLL Arranges $29.5 Million in Financing for Oliveira Plaza in Southern California

by Abby Cox

Port Hueneme, Calif. — JLL Capital Markets has arranged a $29.5 million bridge loan for Oliveira Plaza, a 116,035-square-foot neighborhood retail center located in the Ventura County community of Port Hueneme. The three-year loan will be used to finance a new Sprouts Farmers Market at the property. Greg Brown, Spencer Seibring and Nick Englhard of JLL’s Debt Advisory team secured the loan with a debt fund on behalf of the borrower, Align REI. Originally built in 1975 on 9.3 acres, Oliveira Plaza is 80 percent leased to a mix of …

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Shops at Stone Creek
Grocery-anchoredInvestment salesNewsTexas

Westwood Financial Acquires Shops at Stone Creek in Metro Dallas

by Abby Cox

Rockwall, Texas — Westwood Financial has acquired the Shops at Stone Creek, an 80,599-square-foot retail center located in Rockwall, approximately 23 miles east of Dallas. A 59,313-square-foot Tom Thumb grocery store anchors the property, which was fully leased at the time of sale. Other tenants include Care Now, Great Clips, Subway and The UPS Store. The property also contains five pad sites that are occupied by Tom Thumb, the Tom Thumb fuel station, Salad and Go, McDonald’s and HTeaO. Barry Brown and Adam Howell of JLL’s Investment Sales and Advisory team …

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Dollar General
Investment salesKentuckyNews

Marcus & Millichap Brokers $3.6 Million Sale of Two-Property Retail Portfolio in Bowling Green, Kentucky

by Abby Cox

Bowling Green, Ky. — Marcus & Millichap has brokered the $3.6 million sale of a two-property Dollar General portfolio in Bowling Green. Each retail property occupies 10,640 square feet on a 15-year corporate guaranteed lease with Dollar General Corp. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, a Kentucky-based developer. Grant Fitzgerald was Marcus & Millichap’s broker of record in Kentucky. 

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Maria Toliopoulos
Company newsIllinois

Cullinan Properties Appoints New Chief Strategy Officer

by Abby Cox

Peoria, Ill. — Peoria, Illinois-based Cullinan Properties has appointed Maria Toliopoulos as chief strategy officer. Toliopoulos is an industry veteran with more than 20 years of leadership experience in real estate strategy, leasing and legal counsel. In her new role, she will be responsible for expanding Cullinan’s footprint while advancing the company’s growth initiatives. Toliopoulos joined Cullinan after most recently leading her own consulting firm, The Hyperion Group. Prior to that, she served as senior vice president of real estate at Ashley Global Retail and spent a decade at Retail Properties …

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