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Hayden Spiess

The-Collection-Janss-Marketplace-Thousand-Oaks-CA
CaliforniaInvestment salesNews

NewMark Merrill Acquires 172,008-Square-Foot Retail Center in Thousand Oaks, California

by Hayden Spiess

Thousand Oaks, Calif. — NewMark Merrill Cos. has acquired a 172,008-square-foot retail center located in Thousand Oaks. Renamed the Collection at Janss Marketplace, the property was 60 percent leased at the time of sale. NewMark acquired the center from Seritage Retail Group for an undisclosed price. Tenants at the property, which was originally built as a multi-story Sears department store, include Dave & Buster’s, DSW and Nordstrom Rack. The center shares parking and access points with the adjacent Janss Marketplace, a 458,000-square-foot shopping center. Sandy Sigal, Jim Patton, Brad Pearl, Sandra …

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EoS_Lutz-Fla
FloridaInvestment salesMixed-useNet leaseNews

SRS Arranges $13.6 Million Sale of 42,311-Square-Foot Single-Tenant Property in Lutz, Florida

by Hayden Spiess

Lutz, Fla. — SRS Real Estate Partners has arranged the $13.6 million sale of a 42,311-square-foot single-tenant retail property in Lutz. EoS Fitness occupies the building on a 15-year triple-net lease. Situated on 3.9 acres, the property is located within Cypress Ranch, a 164-acre mixed-use development. Upon completion, Cypress Ranch will feature 11 freestanding retail parcels. Tenants at the parcels will include Chick-fil-A, ALDI and Panda Express. Patrick Nutt and William Wamble of SRS represented the seller, Barclay Group. A California-based buyer acquired the property in a 1031-exchange transaction. 

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LeasingNewsTexas

Tanishq Opens Two Stores Totaling 8,800 Square Feet in Texas

by Hayden Spiess

Houston and Frisco, Texas — Jewelry retailer Tanishq has opened two new stores in Texas totaling 8,800 square feet. The stores in Houston and Frisco comprise 3,800 and 5,000 square feet, respectively, and mark the second and third locations in the country for the brand. Tanishq also opened a flagship store in New Jersey in January. 

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Bridge Street Town Centre
AlabamaInvestment salesNews

Tanger Acquires Bridge Street Town Centre in Alabama for $193.5 Million

by Hayden Spiess

Huntsville, Ala. — Tanger has acquired Bridge Street Town Centre, an open-air retail center located in Huntsville, for $193.5 million. Tenants at the property, which totals 825,000 square feet, include lululemon, Sephora, Lovesac, Dry Goods, Victoria’s Secret, Athleta, Anthropologie, Altar’d State, Ulta Beauty, Barnes & Noble, Dick’s Sporting Goods, Old Navy, H&M and Belk. The center was 93 percent occupied at the time of sale. This marks Tanger’s 39th property and first open-air center. 

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CaliforniaInvestment salesNews

PCRP Purchases 1 Million-Square-Foot Mall in Southern California

by Hayden Spiess

Palm Desert, Calif. — Pacific Real Estate Partners (PCRP) has acquired The Shops at Palm Desert, a nearly 1 million-square-foot enclosed mall located in Palm Desert. Built in 1982, the property was renovated in 2013. Tenants at the mall include JCPenney, Macy’s, Dick’s Sporting Goods and Barnes & Noble. PCRP plans to reposition the 72-acre property as a mixed-use development. Plans include the addition of a green space, as well as residential and entertainment space. 

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Paddock-Shops_Louisville-Ky
Investment salesKentuckyNews

CBRE Investment Management, Fairbourne Acquire 353,665-Square-Foot Shopping Center in Louisville

by Hayden Spiess

Louisville, Ky. — A joint venture between a CBRE Investment Management fund (CBRE Strategic Partners US Value 9) and Fairbourne Properties has acquired Paddock Shops, a retail center located in Louisville. The property, which was 88 percent leased at the time of sale, comprises 353,665 square feet and features 1,976 parking spaces. Tenants at the center include The Fresh Market, Barnes & Noble, Build-A-Bear Workshop, Five Guys, Gap, Mitchell’s Fish Market, Orangetheory Fitness, Orvis, Pottery Barn, Starbucks Coffee, Total Wine & More and West Elm, according to the property website. 

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Slim-Chickens
Company newsDevelopmentNewsRestaurantsVirginia

Slim Chickens Signs Franchise Deal for Five Locations in Virginia

by Hayden Spiess

Harrisonburg and Winchester Va. — Slim Chickens has signed a franchise deal for five new locations in Virginia. Franchisees Oubab and Lama Khalil of Khalil and Hamoudi S.L. Cos. will develop and operate the restaurants, which will be located in Harrisonburg and Winchester. Slim Chickens currently has more than 1,150 units in development. 

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Waterside_Fort-Worth-Texas
LeasingNewsRestaurantsTexas

First Watch Signs Lease at 63-Acre Mixed-Use Property in Fort Worth, Texas

by Hayden Spiess

Fort Worth, Texas — First Watch has signed a lease at Waterside, a 63-acre mixed-use property located in Fort Worth. Scheduled to open early next year, the restaurant will be located near REI, Yoga Six, Club Pilates and Cycle Bar. Other tenants at the development include The RIM, CAVA, Whole Foods Market, F45 and Piattello Italian Kitchen. 

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Post-District-SLC-UT
FinanceMixed-useNewsUtah

Bridge Investment, Lowe Property Group Receive $157.5 Million Refinancing for Mixed-Use Project in Salt Lake City

by Hayden Spiess

Salt Lake City — Bridge Investment Group and Lowe Property Group have received $157.5 million in loan proceeds to refinance Post District, a mixed-use development located in downtown Salt Lake City. Part of a three-phase project, Post District features 26,000 square feet of retail space, in addition to residential units. Sean Reimer, Mo Beler, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland and William Herring of Walker & Dunlop co-originated the loan with Affinius Capital and Clarion Partners. 

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Soundview-Marketplace_Port-Washington-N.Y
FinanceLeasingNew YorkNews

PEBB, Sagamore Hill Secure $18.8 Million Refinancing for Soundview Marketplace on Long Island

by Hayden Spiess

Port Washington, N.Y. — A joint venture between PEBB Enterprises and Sagamore Hill Partners has secured $18.8 million for the refinancing of Soundview Marketplace, a 188,109-square-foot retail center located in Port Washington on Long Island. Deutsche Bank AG is providing the loan to the joint venture, which acquired the property in December 2020. The financing will include a $15.8 million initial advance, as well as $3 million allocated for future funding of capital improvements and leasing costs. Built in 1962 and 1977, the center comprises four buildings situated on 11 acres. …

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