Babcock Ranch, Fla. — Retail tenants have signed leases totaling more than 120,000 square feet at Babcock Ranch, a solar-powered mixed-use community currently underway in South Florida. The project is entitled for 6 million square feet of commercial space, in addition to residences. Upon completion, the development will feature 4 million square feet of retail space, including shopping centers The Shoppes at Yellow Pine and Crescent B Commons. Marshalls, Ace Hardware, Five Below, Oar & Iron, Tipsy Salonbar, Fountain Pools, Seymour Orthodontics, Yummy Thai & Chinese, Verizon, Papa Johns, Carvel and …
Hayden Spiess
Fresno, Calif. — Graystone Capital Advisors has brokered the $5 million sale of California Plaza, a retail center located in Fresno. Built in 1987, the property comprises 39,170 square feet situated on a 194,182-square-foot parcel. The center was 38 percent leased at the time of sale. Brent Zoller and Brenton Baskin of Graystone represented the seller and procured the buyer.
Huntington, N.Y. — Four new tenants have signed leases at Huntington Shopping Center, a 21-acre retail center located in Huntington on Long Island. Williams Sonoma, J. Crew, Paris Baguette and BFT Fitness will occupy 5,317; 7,766; 2,776; and 2,649 square feet, respectively. Other tenants at the center include The Container Store, Whole Foods Market, REI, Lovesac, Burger Village and Just Salad. The landlord, Federal Realty Investment Trust, is currently underway on a $75 million redevelopment of the property. Upon completion of the project, which is scheduled for next year, the center …
Bloomington, Minn. — WHP Global, parent company of Toys “R” Us, will open an 11,000-square-foot flagship store within the 5.6 million-square-foot Mall of America in Bloomington, roughly 10 miles outside Minneapolis. Scheduled to open before Thanksgiving, the store marks the second flagship store in the country and the first in partnership with Go! Retail Group. Additional openings are scheduled for next year. Beginning next year, the Mall of America shop will also introduce branded elements including a Geoffrey’s Café and ice cream parlor as well as interactive experiences and product demonstrations.
Huntington Beach, Calif. — Beverage concept Sip Fresh has signed a franchise deal for the development of three new stores in Southern California. Franchisees Brittany, Bryson and Risa Berryman will open the units, which are expected to be located within shopping centers in the Huntington Beach and Newport areas. Sip Fresh stores typically comprise between 400 and 1,400 square feet.
Grapevine, Texas — STRIVE has arranged the sale of a 4,797-square-foot gas station property located in Grapevine. QuikTrip occupies the property, which was built in 2010. Michael Crovetti and Adam Gottschalk of STRIVE represented the seller, a Kansas-based investor, in the transaction and procured the buyer, a Texas-based investor.
Phoenix — Colliers has arranged the sale of South Mountain Crossing, an 89,389-square-foot retail center located in Phoenix. ACP Management acquired the property. Tenants at the center include SkyZone Trampoline Park, Goodwill and Kids Empire. Mindy Korth, JK Jackson, El Warner and Caitlin Zirpolo of Colliers represented the seller, Lamar Cos., in the transaction.
Streamwood, Ill. — Marcus & Millichap has brokered the $10.2 million sale of Westview Center, a 114,735-square-foot shopping center located in Streamwood, a northwest suburb of Chicago. Tenants at the property, which was fully leased at the time of sale, include AutoZone, Dollar Tree, Oak Street Health, Chuck E. Cheese, American Freight and H&R Block. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a limited liability company. Mark Ruble, Chris Lind and Brennan Clegg of Marcus & Millichap represented the buyer, a Midwest-based private investment group.
Petaluma, Calif. — Gantry has secured a $9.5 million loan for the refinancing of Plaza North Shopping Center in Petaluma on behalf of an undisclosed borrower. Lola’s Market, CVS/pharmacy, Starbucks Coffee, GNC and Club Pilates anchor the property, which comprises 101,000 square feet. Robert Slatt, Andrew Ferguson and Maria Zwick of Gantry arranged the financing through a life company lender to replace a maturing loan from 2013.
Alpharetta, Ga. — X-Golf has opened a 6,800-square-foot golf simulator and sports bar venue at RocaPoint Partners’ $500 million Halcyon development in Alpharetta. Halcyon comprises 135 acres of mixed-use space roughly 30 miles northeast of Atlanta. X-Golf occupies space on the ground-floor of Halcyon Grand, an apartment community located within the development. X-Golf’s venue features seven bays for group golf simulation, as well as a full bar serving beer, cocktails and appetizers. JLL represented RocaPoint in lease negotiations.