Thursday, May 15, 2025
Read the Digital Magazines
Subscribe
Author

Alex Tostado

DevelopmentGeorgiaNewsRestaurants

Joint Venture Opens Food Hall with 20 Vendors in Metro Atlanta

by Alex Tostado

Marietta, Ga. — Marietta Square Market, an 18,500-square-foot food hall, has opened at 68 N. Marietta Parkway NW in the Historic Marietta Square District. Concordia Properties LLC and Creative Culinary Ventures LLC developed the asset, which is located adjacent to historic railroad tracks, to resemble a turn-of-the-century train station. Marietta Square Market offers a central bar, indoor and outdoor seating and 20 vendors. Kelly Wilson of Ackerman Retail is handling leasing efforts for Marietta Square Market.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNew JerseyNewsRetailers

Hampshire Cos., Pinnacle to Redevelop Retail Plaza in Montclair, New Jersey

by Alex Tostado

Montclair, N.J. — The Hampshire Cos., along with joint venture partner Pinnacle Cos., have announced plans to redevelop Lackawanna Plaza in Montclair. The planned 216,772-square-foot mixed-use redevelopment is expected to revitalize the complex through the development of a range of modern retail, office and residential spaces while preserving historical elements of the station. Originally built in 1913, Lackawanna Plaza was a stop on the Delaware, Lackawanna and Western Railroad until the station’s closure in 1981. The site will be anchored by a 28,509-square-foot Lidl grocery store. In addition to Lidl, …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNewsRetailers

Marcus & Millichap Arranges $14.2 Million Sale of Retail Center in Southwest Florida

by Alex Tostado

Bonita Springs, Fla. — Marcus & Millichap has arranged the $14.2 million sale of North Bay Village, a 114,545-square-foot retail property in Bonita Springs. North Bay Village was 73 percent occupied at the time of the sale, and the buyer, a private investor through a 1031 exchange, signed long-term leases with Hertz, Emaint and Keller Williams Real Estate to bring the asset to 98 percent occupancy. Other tenants include Bonefish Grill, Mattress Firm and Edible Arrangements. Jim Shiebler, James Garner and James Medefind of Marcus & Millichap represented the seller, …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

Hanley Investment Group Negotiates $5.6 Million Sale of Two Retail Pads in Ontario, California

by Alex Tostado

Ontario, Calif. — Hanley Investment Group Real Estate has arranged the sale of two retail pad buildings, totaling 21,591 square feet in Ontario, in two separate transactions totaling $5.6 million. The properties are part of a Walgreens-anchored neighborhood center, which was built in 2007. Kevin Fryman of Hanley Investment Group represented the seller, an Ontario-based private developer, in both transactions. In the first deal, a Southern California-based private investor acquired a two-tenant, 13,381-square-foot building, situated on 1.3 acres at 2645 E. Riverside Drive, for $3.2 million. A 7,200-square-foot O’Reilly Auto …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsOhioRetailers

Cooper Group Arranges $2.7 Million Sale of Retail Center Near Columbus, Ohio

by Alex Tostado

Johnstown, Ohio — Cooper Commercial Investment Group has arranged the sale of Kyber Run in Johnstown near Columbus for $2.7 million. The 15,292-square-foot retail center is home to five tenants and is shadow-anchored by Kroger. Bob Havasi and Dan Cooper of Cooper Commercial represented the seller, an East Coast-based private investment group. The sales price represents a cap rate of 7.95 percent.

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsRestaurantsTexas

Three New F&B Concepts to Open at 265-Acre Mixed-Use Development in Houston

by Alex Tostado

Houston — Three new food and beverage concepts will open at Memorial City, a 265-acre mixed-use development in Houston owned by local firm MetroNational. A 7,000-square-foot space will be built for Kirby Ice House, with construction beginning this summer and the bar opening in fall 2020. A 5,830-square-foot space will be constructed for burger and milkshake concept Mia’s Table, and a 4,550-square-foot space will be built for Austin, Texas-based Torchy’s Tacos. Construction of both of those venues will begin this spring, with openings slated for next spring.

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsOhioRetailers

J. Crew, Sephora Join Retail Lineup at Pinecrest in Cleveland

by Alex Tostado

Cleveland — J. Crew and Sephora are the latest retail tenants to join Pinecrest, a 750,000-square-foot mixed-use development in Cleveland’s Orange Village. The retailers are set to open later this year. J. Crew will occupy 5,700 square feet and Sephora will occupy 5,500 square feet across from Pottery Barn. Previously announced tenants at the Fairmount Properties-developed Pinecrest include REI, West Elm, Shake Shack and Vineyard Vines.

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaCompany newsNews

Bayer Promotes Wadkins, Lassiter to Co-Presidents

by Alex Tostado

Birmingham, Ala. — Bayer Properties promoted Jami Wadkins and Libby Lassiter to co-presidents of the Birmingham, Alabama-based development company. The promotions complete a leadership transition that began two years ago. Jeffrey Bayer and David Silverstein have formally stepped down from their respective operating roles at the firm but retain an ownership position in the company and its real estate assets. Wadkins will continue her role as chief financial officer and Lassiter will continue her role as executive vice president of retail leasing and development. Wadkins and Lassiter will oversee operational …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Baceline Investments Acquires Austin Shopping Center for $4.2 Million

by Alex Tostado

Austin, Texas — Baceline Investments LLC, a Denver-based boutique real estate investment firm, has acquired Dakota Plaza, a 21,700-square-foot retail center in Austin, for $4.2 million. The property, which was built in 2006 and is located at 8516 Anderson Mill Road, was acquired in conjunction with shopping centers in Milwaukee, Louisville, Kentucky; and Maybrook, Illinois.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew YorkNews

NorthMarq Secures $2.7 Million Acquisition Financing for Retail Property in Seneca Falls, New York

by Alex Tostado

Seneca Falls, N.Y. — NorthMarq has secured $2.7 million in acquisition financing for Liberty Center Plaza, an 80,846-square-foot retail property in Seneca Falls. The property’s major tenants include Tractor Supply Company and The Salvation Army. Robert Ranieri of NorthMarq secured the financing on behalf of the undisclosed borrower. Terms of the financing include a seven-year fixed term with a 25-year amortization schedule. The lender was undisclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts