Plano, Texas — The Dallas Stars are planning to open a new hockey arena and mixed-use entertainment district at The Shops at Willow Bend in Plano. The team announced on June 2 that it had signed a nonbinding letter of intent (LOI), inclusive of design and construction plans for the arena and surrounding district, which could include sports-themed retail, restaurant and entertainment uses, as well as public gathering and event spaces. The announcement comes roughly 24 hours after the NBA’s Dallas Mavericks similarly unveiled plans to move on from American …
Seffner, Fla. — Marcus & Millichap has brokered the $9.6 million sale of North Grove Center, a 69,757-square-foot retail center located in Seffner, approximately 15miles east of downtown Tampa. Drew Kristol and Kirk Olson of Marcus & Millichap marketed the property on behalf of the seller, a Florida-based private investment group, in the transaction. Discount grocery chain Save A Lot anchors North Grove Center, which features a mix of additional tenants such as Planet Fitness, Dollar Tree and Ace Hardware, along with various local shops, restaurants and service-oriented retailers. Recent …
Jacksonville, Fla. — Cleeman Realty Group has negotiated the $9.1 million sale of Venetia Village, a 93,925-square-foot shopping center located in Jacksonville. The center is situated on about 10 acres and has been owned and operated by the same family for more than 40 years. Winn-Dixie anchors the property, which features additional tenants such as Dollar General, Anytime Fitness and Dunkin’ Donuts. The new ownership plans to modernize the property and enhance the overall tenant mix. Michael Cleeman of Cleeman Realty Group represented the buyer, an entity doing business as Gator …
Warwick, R.I. — Atlantic Capital Partners has arranged the $20.5 million sale of Midland Commons, a 160,448-square-foot power center located in Warwick, approximately 12 miles north of Providence. Situated on roughly 23 acres, the center is anchored by Dick’s Sporting Goods, Burlington and Planet Fitness. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin, Stephen Joseph, Stephen Hassenflu and Matt Ericson of Atlantic Capital Partners represented the seller and the buyer in the transaction. An alternative asset manager provided a $15 million non-recourse acquisition loan on behalf of the borrower, Montreal-based Brasswater. …
Moline, Ill. — Gantry has secured a $12 million permanent loan to refinance maturing debt for Rock River Plaza, a 389,375-square-foot power center located in the northwestern Illinois city of Moline along the Mississippi River. Walmart and Lowe’s anchor the center, which features additional tenants such as Marshalls, Five Guys, Chick-fil-A, Applebee’s and AT&T. Joe Monteleone and Rulin Dai of Gantry represented the borrower, a private real estate investor. A CMBS lender provided the five-year, fixed-rate loan, which features interest-only payments for the full term.
Santee, Calif. — CBRE has arranged the sale of a multi-tenant retail building located at 8781 Cuyamaca St. and 9822 Buena Vista Ave. in the Southern California city of Santee, roughly 18 miles northeast of downtown San Diego. Affiliates of Calgary Development sold the property to Burggraf Family Trust for $3.7 million. Situated on 1.1 acres, the property features 16,390 square feet of retail space and was 90 percent leased at the time of sale. Reg Kobzi, Michael Peterson and Lane Robertson of CBRE represented the seller, while William Strocco Jr. …
Charlotte, N.C. — Portman has announced plans for Savona Food Works, a 30,000-square-foot food hall that will anchor the company’s Savona Mill adaptive reuse project in Charlotte’s West End district. Veteran food hall operator Robert Montwaid will lead the dining installation, which will offer 25 food stalls, a full-service restaurant and bar, coffee shop, flower market and rooftop bar. Montwaid’s previous ventures include leading Gansevoort Market in New York City’s Meatpacking District and Chattahoochee Food Works in Atlanta’s West Midtown neighborhood. Savona Food Works will be situated in the “Weave building,” …
Manassas, Va. — Marcus & Millichap has brokered the $10.2 million sale of a 67,022-square-foot shopping center located in Manassas, roughly 31 miles southwest of Washington, D.C. H Mart anchors the center, which was built in 1981. Other tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Domino’s Pizza and Wingstop, as well as several local retailers. Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller, a private individual based in the local area, and procured …
Marlborough, Mass. — BJ’s Wholesale Club is set to open new locations in Kentucky, Florida and Indiana. The new clubs are part of the Marlborough, Massachusetts-based company’s ongoing strategy to open 25-30 new clubs every two years. The new clubs will be in: • Frankfort, Kentucky • Ocala, Florida • Lecanto, Florida • Port St. Lucie, Florida • Portage, Indiana With the announcement of these locations, BJ’s plans to open a total of 12 new clubs in the 2026 fiscal year, inclusive of BJ’s recent launch in Texas with four …
Victorville, Calif. — NewMark Merrill Cos. has signed leases with 11 new tenants at Desert Sky Plaza II, a planned 30-acre shopping center located in Victorville, approximately 35 miles north of San Bernardino. The project is nearly 85 percent preleased to tenants including Ross Dress for Less (25,000 square feet); 7-Eleven; Quick Quack Car Wash (3,600 square feet); Better Buzz Coffee Roasters (1,750 square feet); Luna Grill (2,100 square feet); 85°C Bakery Café (3,555 square feet); Ono Hawaiian BBQ (2,000 square feet); Country Kitchen (3,250 square feet); Yogurtland (1,200 square feet); …