Byron, Ga. — Halpern Enterprises Inc. has completed the development of a 2,600-square-foot build-to-suit property in Byron. Starbucks Coffee will occupy the freestanding building on a 10-year net lease. Brad Oppenheimer, Caleb Adams and Cary Halpern of Halpern Enterprises led the project.
Plano, Texas — Triten Real Estate Partners has completed the office and retail portions of Assembly Park, the redevelopment of Market Square Mall in Plano. Located along Central Expressway and Spring Creek Parkway, the project features 180,000 square feet of creative office space, 17,000 square feet of walkable retail and dining space, a park and hiking and biking trails. Additionally, Triten is set to complete The Annabel, Assembly Park’s multifamily development, in December. The Class A apartment community features one, two- and three-bedroom units with rentable garages and storage units. …
Doral, Fla. — Terra has completed the construction of Doral Atrium, a 78,000-square-foot retail center located in Doral, roughly 16 miles outside Miami. Tenants at the property, which is currently 65 percent leased, include TREMBLE Pilates Studio, PNC Bank, Bonchon Chicken, UMARA, Sushi Mas and The Good Feet Store. RSP Architects designed the development.
Chicago — SVN Chicago Commercial has brokered the $1 million sale of a 5,000-square-foot retail building in Chicago’s Edgewater neighborhood, along with the business sale of the ground-floor restaurant. A local restaurant buyer purchased the building. Marcus Sullivan and Tim Rasmussen of SVN represented the undisclosed seller. Pearl’s formerly occupied the restaurant space.
Miami Beach, Fla. — Five new tenants have signed leases at Lincoln Road, a retail center located in Miami Beach. Scheduled to open late October, Hoka, Luli Fama and IT’SUGAR will occupy 3,128; 1,440; and 2,751 square feet, respectively. IT Italian Trattoria will also open a 3,300-square-foot restaurant in October, and Turkish dessert concept Turkish Delight has signed a 1,000-square-foot lease at the property.
Galleria, Liberty and Magnolia, Texas — Baker Katz has arranged three leases totaling 7,673 square feet in Texas on behalf of T-Mobile. The tenant will occupy 2,000 square feet and 3,339 square feet in Magnolia and Galleria, respectively, beginning in the first quarter of next year. Additionally, T-Mobile has opened a 2,334-square-foot store in Liberty. Jonathan Aron of Hunington Properties represented the landlord in the leasing negotiations in Liberty, and Court Richardson of Ironbridge represented the landlord in the Magnolia lease. Bunny McLeod of Wulfe represented the ownership of Golden Plaza, …
Aurora, Colo. — Essex Financial Group has arranged $13 million in financing for the acquisition of Summer Valley Shopping Center in Aurora. Blaire Butler and Matt Perigard of Essex’s Capital Markets team secured the 10-year, fixed-rate loan on behalf of the undisclosed buyer. Summer Valley Shopping Center was 99 percent leased to 18 retailers at the time of financing. Tenants at the property include VASA Fitness and Dollar Tree.
Cape Coral, Fla. —Thompson Thrift has sold two retail buildings totaling 24,000 square feet in Cape Coral. Situated within Cape Coral Commons, the multi-tenant buildings each comprise 12,000 square feet. Tenants scheduled to open at the properties include First Watch, Mission BBQ, Firehouse Subs, Tire Kingdom, Paragon Healthcare, Crumbl Cookies, PJ’s Coffee and Visionworks. David Hoppe of Atlantic Retail arranged the sale on behalf of Thompson Thrift. A California-based buyer acquired the buildings for an undisclosed price. Cape Coral Commons also features a third multi-tenant building currently under construction, as well …
Plainfield, Ind. — Theo’s Italian will open a 6,118-square-foot restaurant at The Shops at Perry Crossing, a shopping center located in Plainfield, roughly 18 miles outside Indianapolis. Scheduled to open this month, Theo’s marks the third food-and-beverage concept by Cunningham Restaurant Group at the property, joining Bru Burger Bar and Stone Creek Dining Co. JLL manages the center.
Montgomery Township, N.J. — SJC Ventures, a privately held commercial real estate and retail development firm based out of Atlanta, has broken ground on Montgomery Promenade in the New York City suburb of Montgomery Township. Situated on a 54-acre site on Route 206, Montgomery Promenade will comprise 292,700 square feet and feature palisades for walking, green spaces, outdoor dining and restaurants. According to the Montgomery Township website, the project also includes 34 single-family detached homes that buffer the existing homes on Route 518 and the new shopping center. A Whole Foods …
