Santa Monica, Calif. — Barnes & Noble will open a store within a 21,000-square-foot space at Third Street Promenade in Santa Monica. This marks the return of the retailer to the property following a five-year hiatus. Other new tenants at the center include fitness brand JOHN REED and pickleball venue Pickle Pop.
Richmond, Texas — Beverage concept SWIG has signed a 19,161-square-foot lease at Grand at Aliana, a retail center located in Richmond. NewQuest Properties is the landlord. Josh Friedlander and David Meyers represented NewQuest on an internal basis in the leasing negotiations. Jeff Hayes and Travis Waltmon of Palo Duro Commercial Partners represented the tenant.
Jacksonville, Fla. — Gateway Jax has acquired 22 acres within Jacksonville’s downtown area to develop a $2 billion mixed-use project aimed at revitalizing the city’s urban core. The first phase of the project is called the Pearl Street District. Plans for Pearl Street District include three buildings in the North Core area of Jacksonville’s downtown, which will offer more than 1,000 multifamily units and 120,000 square feet of grocery-anchored retail space. The cost of phase one is expected to be approximately $500 million. The Jacksonville Downtown Development Review Board has approved …
Birmingham, Ala. — JLL has arranged the sale of 280 Station, a 24,760-square-foot shopping center located in Birmingham. Tenants at the property, which was 91 percent leased at the time of sale, include Dunkin’ Donuts, Oasis Nails & Spa, Eyemart Express, Subway, Bedzzz Express, Isbell’s Jewelry, Budget Car Rental, Tint World, State Farm Insurance and Tao Massage. Jim Hamilton, Brad Buchanan and Anton Serafini of JLL represented the seller and procured the buyer, Crow Holdings Capital.
West Palm Beach, Fla. — The first round of retail and restaurant tenants have signed leases to join the commercial district at Nora, a mixed-use development underway in downtown West Palm Beach. The tenants include three food-and-beverage concepts — Loco Taqueria & Oyster Bar, H&H Bagels and Van Leeuwen Ice Cream. Fitness concepts [solidcore] and Rumble Boxing will also join the tenant lineup. Upon completion, the first phase of Nora will comprise 25 eateries and several shops and wellness concepts. A partnership between NDT Development, Place Projects and Wheelock Street Capital is …
Miami — Dadeland Greenery LP, an entity sponsored by Orion Capital Partners, has purchased a mixed-use project in Miami for $58 million, with the price subject to the assumption of an existing $39 million mortgage. The property, known as both Greenery Mall and Dadeland Square, features 129,585 square feet situated on an 8.4-acre site, including ground-floor retail space attached to an eight-story, 84,913-square-foot office building. Retail tenants at the property include T.J. Maxx, HomeGoods, Guitar Center, JoAnn Fabric, Mattress Firm, Starbucks Coffee, Don Pan, The UPS Store and Jamba Juice. An …
Riverview, Fla. — CBRE has secured a $15.2 million loan for the refinancing of Shoppes of Southbay, a 99,542-square-foot retail center located in Riverview. Tenants at the property, which was fully leased at the time of financing, include Winn-Dixie, Tampa General Hospital, Buffalo Wild Wings, Panera Bread and Leslie’s Poolmart. Paul Ahmed and Mackenzie Lampman of CBRE arranged the loan through a life insurance company on behalf of the borrower, a partnership between Peter Wenzel of Wenzel Investment Group and Victor Ferraez. The partnership acquired the property, which was originally built …
Southern Shores, N.C. —Klein Enterprises has purchased Southern Shores Marketplace, a 140,000-square-foot shopping center located in Southern Shores. Food Lion anchors the property. Other tenants include Starbucks Coffee, Verizon Wireless, CVS/pharmacy, Jersey Mike’s, OBX Optical and Coastal Rehabilitation. The seller, Aston Properties, recently redeveloped the shopping center and executed new leases with Marshalls, Rack Room Shoes and Five Below. An affiliate of Klein Enterprises purchased the property for an undisclosed price using acquisition financing from TD Bank. Berkeley Capital Advisors brokered the transaction.
Modesto, Calif. — PSRS has arranged $14.5 million in permanent debt for Central Valley Plaza, a retail center located in Modesto. Walmart and Kohl’s anchor the property. Michael Thorp of PSRS secured the 10-year loan through a life insurance company on behalf of the undisclosed borrower.
Jacksonville, Fla. — SRS Real Estate Partners has brokered the $4.6 million sale of a 3,937-square-foot restaurant building located in Jacksonville. Panera Bread occupies the property, which was constructed earlier this year as an outparcel to Oakleaf Town Center. The 15-year, triple-net lease features scheduled rental increases every five years. Patrick Nutt and William Wamble of SRS represented the seller in the transaction.
