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Hayden Spiess

Sea-Turtle-Marketplace_Hilton-Head-S.C
LeasingNewsSouth Carolina

Homesense Signs 29,000-Square-Foot Lease at Sea Turtle Marketplace in Hilton Head, South Carolina

by Hayden Spiess

Hilton Head, S.C. — TJX brand Homesense has signed a 29,000-square-foot lease to anchor Sea Turtle Marketplace in Hilton Head. Scheduled to open in spring 2024, the store will be the first for the brand in South Carolina. Other tenants at the newly redeveloped retail center, which totals 100,000 square feet, include Starbucks Coffee, West Marine, PetSmart, Golf Galaxy, Gusto Ristorante, Tai Chi Massage Spa, Island Nail Spa, Blaze Beauty Studio, Jersey Mike’s, Orange Theory Fitness and Parker’s Kitchen. Melissa McDonald of The Providence Group represented the tenant in lease negotiations. …

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910-Anderson-Dr-San-Rafael-CA
CaliforniaInvestment salesNet leaseNewsRestaurants

JLL Capital Markets Negotiates $3.3 Million Sale of Single-Tenant Restaurant Property Metro San Francisco

by Hayden Spiess

San Rafael, Calif. — JLL Capital Markets has negotiated the $3.3 million sale of a single-tenant building located in San Rafael, roughly 20 miles outside San Francisco. El Pollo Loco, a fast-casual restaurant chain, occupies the 2,626-square-foot building on a triple-net-lease basis, with 13 years remaining on the lease. Eric Kathrein and Warren McClean of JLL brokered the transaction. El Pollo Loco occupies the building in San Rafael, California. 

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Hernando West Plaza
DevelopmentFloridaGrocery-anchoredNews

Sembler, Forge Capital Complete $13.3 Million Redevelopment of Hernando West Plaza in Florida

by Hayden Spiess

Spring Hill, Fla. — A joint venture between the Sembler Co. and Forge Capital Partners has completed a $13.3 million redevelopment of Hernando West Plaza, a retail center located in Spring Hill. The partnership, dubbed Forge Real Estate Partners IV, acquired the property in 2020 before commencing the 11-month redevelopment project. Construction included the demolition of an existing 46,000-square-foot grocery store and 9,800 square feet of inline shop space, originally built in 1980. A new 45,000-square-foot grocery storefront has been constructed, as well as an adjacent 3,200 square feet of shop …

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Springfield-Commons_Springfield-Ill
IllinoisInvestment salesNews

Marcus & Millichap Brokers $3.9 Million Sale of Retail Center in Springfield, Illinois

by Hayden Spiess

Springfield, Ill. — Marcus & Millichap has brokered the $3.9 million sale of Springfield Commons, a retail center in Springfield. The property totals 15,680 square feet. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Steven Weinstock assisted in closing the sale as Marcus & Millichap’s Illinois broker of record. 

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Blackhawk-Plaza_Danville-Calif
CaliforniaInvestment salesNews

JLL Arranges Leases Totaling 53,000 Square Feet at Blackhawk Plaza in Metro San Francisco

by Hayden Spiess

Danville, Calif. — JLL has arranged three leases totaling 53,000 square feet at Blackhawk Plaza, a 250,000-square-foot retail center located in Danville, roughly 30 miles outside San Francisco. Combat Sports Academy, Apple Cinemas and OsteoStrong will occupy 26,000; 26,200; and 1,530 square feet, respectively. The new tenants are scheduled to open at the property in 2024. Other tenants at the center include Gameday VR, Starbunni Arcade and Posh Nail Bar. JLL represented the landlord, Ramanujan Group, in the lease negotiations, as well as Combat Sports Academy. Jeff Badstubner and Justin Choi …

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Artisan-Circle_Fort-Worth-Texas
DevelopmentMixed-useNewsTexas

Younger Partners Rebrands Crockett Row in Texas as Artisan Circle

by Hayden Spiess

Fort Worth, Texas — Younger Partners has rebranded Crockett Row, a mixed-use development comprising 282,805 square feet across five city blocks in Fort Worth, as Artisan Circle. Tenants include more than 25 dining, wellness and entertainment retailers, and Tierra Mediterranean, La Cabrona, Si Tapas and Rose Couture Nail Bar are scheduled to open at the development in the first quarter of 2024. The rebranding includes plans for redevelopment, which will include the installation of new hydraulic elevators in three parking garages, hardscape improvements in the central courtyard and improvements to lighting …

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GeorgiaLeasingNews

Warby Parker to Open 2,004-Square-Foot Store at Shopping Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Warby Parker will open a 2,004-square-foot store at The Avenue Peachtree City, a retail center located in Peachtree City, roughly 30 miles outside Atlanta. Scheduled to open spring 2024, the store will be located between Barnet & Co. and European Wax Center. JLL manages the property. 

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Metropolitan-Park_Queens-N.Y
DevelopmentEntertainmentNew YorkNews

Mets Owner Steve Cohen to Develop $8 Billion Metropolitan Park in Queens, New York

by Hayden Spiess

Queens, N.Y. — Steve Cohen, owner of the New York Mets baseball team, will develop an $8 billion entertainment and sports park in Queens. Dubbed Metropolitan Park, the development will occupy the 50 acres of asphalt around Citi Field, which are currently vacant. Plans for the project include a food hall, an entertainment complex including a Hard Rock hotel, live music venue and gaming, 20 acres of park space, 5 acres of community athletic fields and playgrounds, new connections to the waterfront, a renovated mass transit station and improved roads, bike …

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Asheville-Outlets
Investment salesNewsNorth Carolina

Tanger Acquires 382,000-Square-Foot Asheville Outlets in North Carolina for $70 Million

by Hayden Spiess

Asheville, N.C. — Tanger has purchased Asheville Outlets, a 382,000-square-foot retail development located in Asheville. Sportsman’s Warehouse and a separately owned Dillard’s Clearance Center anchor the property, which was 95 percent leased at the time of sale. Other tenants include Nike, Under Armour, RH, Bath & Body Works, Crate & Barrel and West Elm. Tanger acquired the outlet mall from New England Development for $70 million. This property marks Tanger’s 38th outlet mall and the second addition to its holdings this quarter, following the opening of Tanger Outlets Nashville last month. New …

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Crystal-Point-Shopping-Center_Crystal-Lake-Ill
IllinoisInvestment salesNews

Mid-America Arranges Sale of 317,006-Square-Foot Shopping Center in Metro Chicago

by Hayden Spiess

Crystal Lake, Ill. — Mid-America Real Estate Corp. has arranged the sale of Crystal Point Shopping Center, a 317,006-square-foot shopping center located in Crystal Lake, a suburb of Chicago. Tenants at the property, which was 87 percent occupied at the time of sale, include T.J. Maxx, Best Buy, Ross Dress for Less, The Fresh Market, Ulta Beauty, Steinhafels Furniture and Cost Plus World Market. PMAT Real Estate Investments acquired the center for an undisclosed price. Ben Winmena, Rick Drogosz and Joe Girardi of Mid-America brokered the transaction on behalf of the …

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