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Abby Cox

Shattuck Plaza
CaliforniaDevelopmentInvestment salesNews

Flying Horse Investments Acquires Shattuck Plaza in Northern California, Plans Renovation

by Abby Cox

Berkeley, Calif. — Flying Horse Investments LLC (FHI) has acquired Shattuck Plaza, a 29,187-square-foot, street-front retail property located in downtown Berkeley, with plans to renovate the center. Renovations will include lease-ready storefronts on the 17,767-square-foot ground-level. The building’s 11,430-square-foot lower-level space will also be reactivated to feature community-serving tenants, such as fitness, education and wellness concepts. The renovation is expected to begin immediately, with FHI targeting approximately six to nine months for initial building upgrades and another six to nine months for tenant buildouts, subject to permitting and city approvals. …

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DevelopmentFloridaNews

EDENS Breaks Ground on Redevelopment of Shadowood Square Shopping Center in Boca Raton, Florida

by Abby Cox

Boca Raton, Fla. — EDENS has begun the overhaul of Shadowood Square, a shopping center located in Boca Raton. The development firm is demolishing a portion of the center, now rebranded as Shadowood, that once housed a movie theater to make way for five new retail buildings totaling 49,330 square feet. The new buildings will be connected by a 25-foot-wide promenade and public green space. Additionally, three existing retail buildings totaling 60,557 square feet will be fully renovated and placemaking elements including brightened facades, signage and wayfinding, paseos, public art and …

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Zaxby's
DevelopmentNewsOhio

Zaxby’s Signs Multi-Unit Franchise Agreement to Debut in Ohio

by Abby Cox

Ohio — Zaxby’s has signed a franchise agreement with an unnamed fast-food franchise group to open 10 new restaurants in Ohio. The newest locations will include Dayton, Columbus and Cincinnati, which will mark Zaxby’s debut in the state. Franchise operator Charles Terry will serve as key operator for the new stores. Zaxby’s currently has over 970 locations in 17 states and is headquartered in Atlanta, Georgia.

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Lakewood Forest Shopping Center
Investment salesNewsTexas

Baker Katz Acquires 108,016-Square-Foot Lakewood Forest Shopping Center in Houston

by Abby Cox

Houston — Baker Katz has acquired Lakewood Forest Shopping Center, a 108,016-square-foot shopping center located in northwest Houston. Situated adjacent to Target, Lakewood Forest Shopping Center was originally built in 1984 on roughly 11 acres, according to LoopNet Inc. Current tenants at the property include Planet Fitness, Dollar Tree, First Watch, Taco Cabana and KFC. Jason Baker, Kenneth Katz, Ben Brown and Jack Moody of Baker Katz arranged the acquisition.

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International Shoppes
FloridaInvestment salesNews

JLL Arranges $17.5 Million in Financing for 73,568-Square-Foot Shopping Center in Orlando, Florida

by Abby Cox

Orlando, Fla. — JLL Capital Markets has arranged $17.5 million in financing for the acquisition of International Shoppes, a 73,568-square-foot open-air shopping center located in Orlando near Walt Disney World Resort. The property is currently 82 percent leased to tenants including Boot Barn and Subway. Joshua Odessky, Michael DiCosimo and Aaliyah St. Louis of JLL’s Debt Advisory team secured financing through Ameris Bank on behalf of the borrower, The Cornfeld Group.

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Bulldog Plaza
Investment salesNewsUtah

Bershon Realty Co. Sells Two Multi-Tenant Retail Properties in Provo, Utah

by Abby Cox

Provo, Utah — Bershon Realty Co. LP has sold Bulldog Plaza, a 13,620-square-foot retail center located near Brigham Young University (BYU) in Provo. Anchored by CVS Pharmacy, Bulldog Plaza comprises two retail pad buildings, which are both fully leased. The five-tenant, 10,025-square-foot pad building includes Noodles & Co., Firehouse Subs, Coco Tea, Teriyaki Bowl and The Taco Spot. Meanwhile, the three-tenant, 3,595-square-foot building is occupied by Papa John’s, The Paleta Bar and Crazy D’s Hot Chicken. Bill Asher, Jeremy McChesney, Jeff Lefko and Ed Hanley of Hanley Investment Group Real Estate …

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Macy's Union Square
CaliforniaCompany newsNews

Macy’s, TMG Partners Form Joint Venture for Potential Redevelopment of Flagship Store in San Francisco’s Union Square

by Abby Cox

San Francisco — Macy’s and TMG Partners have formed a joint venture to explore the potential redevelopment of the retailer’s flagship store on Union Square in San Francisco’s retail district. TMG will help Macy’s conduct a “strategic assessment” of the property to explore the viability of renovations and enhancements that will “align with the needs of today’s office workers, residents, visitors, retail and local businesses.” The Union Square location will remain open indefinitely. Further updates on plans and next steps for the Union Square site will be shared in the coming …

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Sagefield Nashville
DevelopmentMixed-useNewsTennessee

Simon to Develop 100-Acre Sagefield Mixed-Use Center in South Nashville

by Abby Cox

Nashville, Tenn. — Simon Property Group plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in …

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Fischer Marketplace
GeorgiaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers Sale of Publix-Anchored Shopping Center in Metro Atlanta for $26.9 Million

by Abby Cox

Sharpsburg, Ga. — Hanley Investment Group Real Estate Advisors has brokered the $26.9 million sale of Fischer Marketplace, a newly constructed, 70,134-square-foot Publix-anchored shopping center in Sharpsburg, approximately 38 miles southwest of Atlanta. Additional tenants at the property, which was fully occupied at the time of sale, include Jersey Mike’s, Dave’s Hot Chicken, Nothing Bundt Cakes and Great Clips. The sale also features three outparcels leased to Gusto!, Heartland Dental and Andy’s Frozen Custard. Publix occupies approximately 69 percent of the property on a long-term lease. Kevin Fryman and Ed Hanley …

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Morganton Park South
FinanceIowaNewsNorth Carolina

BWE Arranges $49.5 Million Refinancing for Two Shopping Centers

by Abby Cox

Southern Pines, N.C. and Cedar Falls, Iowa — BWE has arranged $49.5 million for the refinancing of two shopping centers totaling 414,680 square feet located in North Carolina and Iowa. Dan Rosenberg, Logan Petersmeyer and Isabella Barrios of BWE secured the financings on behalf of Cincinnati, Ohio-based Midland Atlantic Properties. Both non-recourse loans feature competitive interest rates and multiple years of interest-only payments. The first property, Viking Plaza Drive in Cedar Falls, Iowa, is a 147,659-square-foot shopping center leased to Scheel’s, Michaels, Old Navy and Ulta Beauty. The second property, Morganton …

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