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Abby Cox

Polaris Fashion Place
Company newsMixed-useNewsOhio

O’Connor Capital Acquires Full Ownership of Polaris Fashion Place in Columbus, Ohio

by Abby Cox

Columbus, Ohio — O’Connor Capital Partners has acquired full ownership of Polaris Fashion Place, a 1.6 million-square-foot mixed-use lifestyle center located in Columbus. As part of the acquisition, O’Connor will assume full operational control of the center, overseeing day-to-day management, as well as leasing and operations through the existing on-site team. Macy’s, Saks Fifth Avenue and JCPenney anchor Polaris Fashion Place, which has a tenant mix of more than 160 retail, restaurant and entertainment options. Other tenants include Abercrombie & Fitch, American Eagle, Beetlebug Art Collective, BoxLunch, California Pizza Kitchen, …

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Lincoln Road
FloridaLeasingNews

New Retailers, Restaurants to Open on Lincoln Road in Miami Beach

by Abby Cox

Miami Beach, Fla. — The Lincoln Road Business Improvement District (BID) has announced a new wave of retailers and restaurants opening on Lincoln Road, the retail high street of Miami Beach. The new concepts include All’Antico Vinaio, an Italian sandwich concept that will occupy 1,793 square feet at 647 Lincoln Road; Che by Chelsey, an apparel concept that opened its 675-square-foot boutique at 830 Lincoln Road in May; and Davinci Gelato, which opened its 1,350-square-foot gelato shop at 645 Lincoln Road in May. Other newcomers will include Prince Street Pizza …

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North Madison Corners
AlabamaInvestment salesNews

Montana Property Group Acquires 73,600-Square-Foot Retail Center in Huntsville, Alabama, for $12.5 Million

by Abby Cox

Huntsville, Ala. — New York City-based Montana Property Group (MPG) has acquired North Madison Corners, a 73,600-square-foot retail center located in Huntsville, for $12.5 million. Originally built in 2005, the center features a mix of eight tenants including Marshalls, Michaels, H&R Block, pOpshelf, European Wax Center, Massage Envy, Grill & Smoke BBQ Store and Pizza Hut. MPG’s Huntsville retail portfolio now totals 350,000 square feet. The seller was RAP Properties.

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The Promenade
Investment salesMississippiNews

CBL Properties Sells The Promenade in D’lberville, Mississippi, for $83 Million

by Abby Cox

D’lberville, Miss. — CBL Properties has sold The Promenade, a 621,000-square-foot open-air retail center located in D’lberville, roughly three miles north of Biloxi, for $83 million. The center features a mix of more than 45 retail and restaurant tenants including Best Buy, Chick-fil-A, Dick’s Sporting Goods, PetSmart, Buffalo Wild Wings, Target, Bath & Body Works, Olive Garden and Ulta Beauty. CBL Properties has owned and operated the property since its opening in 2009. The center’s buyer was not disclosed.

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Chiefland Regional Shopping Center
FloridaInvestment salesNews

Coldwell Banker Arranges Sale of 140,664-Square-Foot Shopping Center in Chiefland, Florida

by Abby Cox

Chiefland, Fla. — Locally based Coldwell Banker Commercial M.M. Parrish Realtors has arranged the sale of Chiefland Regional Shopping Center, a 140,664-square-foot regional shopping center located in Chiefland, approximately 30 miles southwest of Gainesville. Bealls anchors the center, which was 95.6 percent occupied at the time of sale. Other tenants include Rent-A-Center, Tractor Supply, Subway, Metro by T-Mobile and a Winn-Dixie grocery store, which will be converted into an ALDI. This transaction marks the first time the property has been sold since its original development in 1989. Jim Michalak and Jeff …

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The Seam
DevelopmentMixed-useNewsTexas

Adolfson & Peterson Begins 160,000-Square-Foot Redevelopment of Former Oak Lawn Design Plaza in Dallas

by Abby Cox

Dallas — Adolfson & Peterson Construction has begun construction of The Seam, a 160,000-square-foot redevelopment project located in the Dallas Design District. Formerly Oak Lawn Design Plaza, the multi-million-dollar project will provide nearly 50 spaces for retail, restaurants, wellness providers and showrooms. Morris Adjmi Architects (MA) is serving as the design architect for the project, while GFF Design is serving as the architect of record. Construction of the development began in March, and delivery is targeted within a year from the start date. Originally built in the 1970s, improvements to the nine-acre property …

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56 Edwards Village Blvd.
ColoradoInvestment salesNews

Gart Properties Acquires 48,351-Square-Foot Center in Vail Valley, Colorado

by Abby Cox

Vail Valley, Colo. — Gart Properties has acquired Edwards Corner, a neighborhood retail center at 56 Edwards Village Blvd. in Vail Valley. Built in 2004, Edwards Corner features 48,351 square feet of retail space and office space on the upper level. The center is currently leased to nearly 50 local businesses, including Hovey & Harrison, Drunken Goat, Cut Meat & Seafood and Il Mago. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller, Edwards Corner LLC, in the transaction.

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Georgia Crossing
GeorgiaInvestment salesNewsPower centers

Invesco Real Estate Acquires 317,201-Square-Foot Power Center in Metro Atlanta for $82 Million

by Abby Cox

Buford, Ga. — Invesco Real Estate has acquired Georgia Crossing, a 317,201-square-foot power center located in Buford, roughly 38 miles north of Atlanta, for $82 million. Situated across from the 1.7 million-square-foot Mall of Georgia, Georgia Crossing was fully leased to a mix of tenants including TJ Maxx/HomeGoods, Nordstrom Rack, Best Buy, Hobby Lobby, Staples, Cavender’s Boot City and Ulta Beauty at the time of sale. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL’s Investment Sales and Advisory team represented the seller, Washington Prime Group, in the transaction.

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Peppertree Plaza
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $6.7 Million Sale of 51,000-Square-Foot Shopping Center in Fresno, California

by Abby Cox

Fresno, Calif. — Progressive Real Estate Partners has arranged the $6.7 million sale of Peppertree Plaza, a 51,000-square-foot shopping center located in Fresno. Situated at the intersection of West Shaw and Marks Avenues, the center spans five buildings and was 87 percent leased at the time of sale. Tenants include Outback Steakhouse, Deli-Delicious, Marian’s Mexican Restaurant, Pijja Paradise Pizza & Arcade, Ocean Dental Group, FastSigns and the State Bank of India. Greg Bedell of Progressive represented the seller, a private investor based in the Bay Area. The all-cash buyer was …

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Paradise Isle Shopping Center
AlabamaGrocery-anchoredInvestment salesNews

Merrill P. Thomas Co. Brokers $5.7 Million Sale of Paradise Isle Shopping Center in Gulf Shores, Alabama

by Abby Cox

Gulf Shores, Ala. — Locally based Merrill P. Thomas Co. has brokered the $5.7 million sale of Paradise Isle Shopping Center, a 47,520-square-foot shopping center located in Gulf Shores. Publix anchors the property, which is situated on 4.6 acres. Other tenants include AutoZone, Resale Heaven, Nail Boutique & Spa and the Gulf Shores Methodist Church. Pratt Thomas of Merrill P. Thomas Co. represented the seller, Gulf Shore Methodist Church, in the transaction. The buyer was an entity doing business as Paradise Isla Holdings LLC.

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