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Hayden Spiess

Strawflower-Village-Half-Moon-Bay-CA
CaliforniaGrocery-anchoredInvestment salesNews

Matthews Negotiates $34 Million Sale of Shopping Center in Metro San Francisco

by Hayden Spiess

Moon Bay, Calif. — Matthews Real Estate Investment Services has arranged the sale of Strawflower Village Shopping Center, a 78,940-square-foot retail center located in Moon Bay, approximately 30 miles south of San Francisco. A 33,000-square-foot Safeway anchors the center, which was 96 percent leased at the time of sale. Other tenants include T-Mobile, Chase Bank and US Bank. SJ Amoroso Properties Co. acquired the property from HMB Musich LLC for $34 million. Marko Buljan of Matthews represented the seller in the transaction. Tim Gilmartin of The Gilmartin Group represented the buyer.

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Crescent-City-Plaza
FloridaGrocery-anchoredInvestment salesNews

CrossMarc Services Acquires 47,945-Square-Foot Shopping Center in Florida

by Hayden Spiess

Crescent City, Fla. — CrossMarc Services LLC has purchased Crescent City Plaza, a 47,945-square-foot shopping center located in Crescent City, for $2.7 million. Built in 1974 and remodeled in 2019, the property is leased to tenants including Save-A-Lot and Family Dollar. Situated on 7.6 acres, the center also features a parcel for future outparcel development. Jimmy and Leo Island Properties was the seller. CrossMarc Services will handle leasing and management at the property.

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ArizonaFinanceNews

Gantry Secures $7.8 Million Refinancing for Retail Property in Arizona

by Hayden Spiess

Marana, Ariz. — Gantry has arranged a $7.8 million permanent loan for the refinancing of a retail property located in Marana, roughly 20 miles outside Tucson. Comprising 26,387 square feet, the property is situated within the Shoppes at Continental Ranch and shadow anchors an independently owned Safeway building and four pad buildings. Tony Kaufmann and Alex Poulos of Gantry secured the 10-year financing on behalf of the borrower. 

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Ovation-Hollywood_Hollywood-Calif
CaliforniaDevelopmentNews

DJM, Gaw Capital Open $100 Million Redevelopment of Retail Center in Hollywood, California

by Hayden Spiess

Hollywood, Calif. — DJM and Gaw Capital USA have opened Ovation Hollywood, a newly redeveloped, 475,000-square-foot retail center located in Hollywood. The partnership completed a three-year, $100 million renovation of the property, which was previously known as Hollywood & Highland. Redevelopments at the center began in 2020 and have included design by Gensler. New tenants at the property include Café de Leche, Tacos Neza, a Kylie Cosmetics pop-up shop, The Win-Dow, BOPOMOFO. The fourth level of the center has been converted into entertainment space and will feature comedy club Kookaburra Lounge. 

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RH-Indianapolis
DevelopmentIndianaNews

RH Opens 151-Acre Showroom and Dining Destination in Indianapolis

by Hayden Spiess

Indianapolis — RH (NYSE: RH), a home furnishings retailer formerly operating as Restoration Hardware, has opened RH Indianapolis, The Gallery at DeHaan Estate. Located at 4501 N. Michigan Road, the 151-acre property houses a 60-room, Palladian-style villa that RH has repurposed as a unique showroom and dining destination. RH Indianapolis carries home furnishing collections from the company’s Interiors, Contemporaries, Modern and Outdoor catalogues. The estate’s east and west wings include showrooms from the various RH collections, including bedroom suites on the upper level. The RH Interior Design Studio occupies the east …

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Karma Shopping Center
Grocery-anchoredInvestment salesLouisianaNews

SRS Arranges Sale of 100,120-Square-Foot Karam Shopping Center in Louisiana

by Hayden Spiess

Lafayette, La. — SRS Real Estate Partners has arranged the sale of Karam Shopping Center, a 100,120-square-foot retail center located in Lafayette. Tenants at the property include Super 1 Foods, which is currently undergoing a $7 million renovation, and dd’s DISCOUNTS. Mishra Group acquired the center from TCP Realty Services for an undisclosed price. Kyle Stonis and Pierce Mayson of SRS represented the seller, with Jonathan Walker of Maestri-Murrell Inc. 

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Baseline-Social
EntertainmentLeasingNew JerseyNews

Baseline Social Opens 17,100-Square-Foot Venue in New Jersey

by Hayden Spiess

Oceanport, N. J. — Baseline Social, a bar, restaurant and entertainment concept, has opened a 17,100-square-foot venue in Oceanport. Situated within The Commissary at Baseline, the space features a 640-foot LED viewing wall, 38-seat platform lounge and 3,700-square-foot entertainment section with five virtual golf bays. Other tenants at the property include Birdsmouth Beer and MGT Foods. Denholtz Properties is the developer and landlord at The Commissary. 

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Powell-Center_Lewis-Center-Ohio
ArizonaColoradoInvestment salesNew JerseyNew YorkNewsOhio

DLC, DRA Acquire Four Retail Centers for $100 Million 

by Hayden Spiess

Elmsford, N.Y. — A joint venture between New York-based DLC Management Corp. and funds managed by DRA Advisors has acquired a portfolio of retail centers for $100 million. The portfolio comprises four properties located in Colorado, New Jersey, Arizona and Ohio. Located in Aurora, Colorado, Cornerstar totals 380,479 square feet and is anchored by Target, Marshalls, HomeGoods, 24 Hour Fitness, Nike and Ulta Beauty. Cross Keys Place in Sewell, New Jersey, comprises 147,694 square feet and is anchored by Michaels, Old Navy, Petco and Edge Fitness. The Shops at Prescott Gateway …

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Fort-Bend-Town-Center_Missouri-City-Texas
DevelopmentLeasingNewsTexas

Two Tenants Sign Leases Totaling 52,530 Square Feet at Fort Bend Town Center in Metro Houston

by Hayden Spiess

Missouri City, Texas — Two new tenants have signed leases at Fort Bend Town Center, a multi-phase, 144-acre retail project currently underway by NewQuest Properties in Missouri City, roughly 20 miles outside Houston. EoS Fitness will occupy 40,000 square feet, and CoCo Bella has leased 12,530 square feet at the development. Bob Conwell and Andrew Alvis represented NewQuest in the lease negotiations on an internal basis. Jason Baker of Baker Katz represented EoS, and Joanna Temple Johnston of Temple Commercial Realty represented Coco Bella. Construction on Fort Bend Town Center began …

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GeorgiaLeasingNews

Halpern Signs Leases Totaling 26,450 Square Feet at Old Orchard Square in Ellijay, Georgia

by Hayden Spiess

Ellijay, Ga. — Halpern Enterprises has signed two new leases totaling 26,450 square feet at Old Orchard Square, a 131,200-square-foot shopping center located in Ellijay. Halpern has owned the property, which is anchored by a 68,000-square-foot Ingles, since 1994. Marshalls will replace Black Bear Antiques in an 18,000-square-foot space, and Five Below will occupy 8,450 square feet at the center. Other tenants include BenchMark Physical Therapy, Okinawa Restaurant, UPS, Pizza King and Farmer’s Home Furniture. 

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