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Hayden Spiess

Merchants-Walk_Henrico
Grocery-anchoredInvestment salesNewsVirginia

Divaris Brokers $18.4 Million Sale of Merchant’s Walk Shopping Center in Metro Richmond

by Hayden Spiess

Henrico, Va. —Divaris Real Estate has brokered the $18.4 million sale of Merchant’s Walk Shopping Center, a 219,972-square-foot retail center located in Henrico, roughly 10 miles northwest of Richmond. Merchant’s Walk was 97 percent leased at the time of sale to 38 retailers. Food Lion, AutoZone and JoAnn Fabric and Craft anchor the property. Qi Lin purchased the 20-acre property from the undisclosed seller. John Madures of Divaris represented the buyer in the transaction. Qi Lin has retained Divaris to lease Merchant’s Walk, which has two retail availabilities. Divaris Property Management …

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Columbine-Plaza-Littleton-CO
ColoradoInvestment salesNews

Hawkeye INVSCO Sells Three-Property Retail Portfolio in Littleton, Colorado for $15.1 Million

by Hayden Spiess

Littleton, Colo. — Hawkeye INVSCO has sold a three-property retail portfolio in Littleton to an undisclosed investor for $15.1 million. Totaling 101,103 square feet, the portfolio includes Marketplace at Ken Caryl, Columbine Plaza and Marina Pointe Shopping Center. Marketplace at Ken Caryl comprises 47,606 square feet and was originally built in 1981. Columbine Plaza offers 33,947 square feet of multi-tenant space, and Marina Pointe Shopping Center features 19,550 square feet situated on 1.8 acres. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the transaction. 

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Alma-School-Ray-Rds-Chandler-AZ
ArizonaInvestment salesNews

ORION Investment Arranges $4.6 Million Sale of Retail Center in Chandler, Arizona

by Hayden Spiess

Chandler, Ariz. — ORION Investment Real Estate has arranged the $4.6 million sale of a retail strip center located in Chandler. Max Taylor & Co. LLC sold the asset to The Yerahmiel Rocky Rotshein Property Trust. The property was fully leased at the time of sale. Nick Miner of ORION represented the seller in the transaction. Simon Asef of DMC Real Estate represented the buyer. 

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North-Providence-Marketplace_North-Providence-R.I
Grocery-anchoredInvestment salesNewsRhode Island

ShopOne, Pantheon Acquire 112,497-Square-Foot Retail Center in Rhode Island

by Hayden Spiess

North Providence, R.I. — A joint venture partnership between ShopOne Centers REIT, Pantheon and an undisclosed global institutional investor has acquired North Providence Marketplace, a 112,497-square-foot retail center located in North Providence. Shaw’s Supermarket anchors the property, which was 88 percent occupied at the time of sale. Other tenants include Dollar Tree, Rainbow, H&R Block and Sally Beauty Supply. Shaw’s features an in-store Starbucks Coffee. 

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Airport-Village_Coatesville-Pa
Investment salesNewsPennsylvania

Neuman Arranges Sale of 70,500-Square-Foot Shopping Center in Pennsylvania

by Hayden Spiess

Coatesville, Pa. — Neuman Commercial Group has arranged the sale of Airport Village, a 70,500-square-foot shopping center located in Coatesville, roughly 45 miles west of Philadelphia. Tenants at the property, which was 87 percent occupied at the time of sale, include Aldi, Dollar Tree, Rite Aid, Burger King, Verizon and US Renal Care. Gil Neuman of Neuman Commercial Group represented the seller, Nassimi Realty of New York, in the transaction. 

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Church-Street-Market_Orlando-Fla
FloridaLeasingNewsRestaurants

Five Tenants Sign Leases Totaling 25,000 Square Feet at Church Street Market in Orlando, Florida

by Hayden Spiess

Orlando, Fla. — Five tenants have signed 10-year leases at The Church Street Market, the 72,000-square-foot retail space at 55 West, an apartment tower located in downtown Orlando. Restaurants Birria 1983, The Bao Spot and BluWave Sushi will occupy 3,800; 2,100; and 3,000 square feet, respectively. Additionally, SAK Comedy Lab will lease 7,200 square feet, and Luxe Med Spa will open a 3,800-square-foot spa at the property. The new leases bring Church Street Market, which was built in 2006, to 91 percent occupancy. Aaron Dan and Kathy Bonini of Lincoln Property …

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Hiram-Walk_Hiram-Ga
GeorgiaInvestment salesNews

SRS Brokers $8 Million Sale of Hiram Walk in Metro Atlanta

by Hayden Spiess

Hiram, Ga. — SRS Real Estate Partners has brokered the $8 million sale of Hiram Walk, a 13,801-square-foot retail center located in Hiram, roughly 27 miles outside Atlanta. Tenants at the center, which was built in 2004, include Starbucks Coffee, Buffalo Wild Wings, T-Mobile, Cold Stone Creamery and Moe’s Southwest Grill. The property is an outparcel to Hiram Pavilion. Jeff Enck of SRS represented the undisclosed seller. An entity doing business as H Walk LLC was the buyer.  

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Painted-Pickle
DevelopmentEntertainmentGeorgiaNews

Painted Hospitality to Open Two New Concepts in Atlanta

by Hayden Spiess

Atlanta — Painted Hospitality will open two new eatertainment concepts in Atlanta. The first, Painted Pickle, is scheduled to open in December at Armour Yards. Totaling 32,500 square feet, the venue will feature indoor pickleball courts, one outdoor court, a stage for live music, other games and a food-and-beverage menu including small plates, salads, bowls, sushi, charcuterie boards, paninis, cocktails, craft beer and artisanal wine. Painted Park, the second concept, will offer recreational assembly space, green space and private event space. The property will feature two indoor bars, a full kitchen, …

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Erewhon_Pasadena-Calif
CaliforniaDevelopmentLeasingNews

475 South Lake Avenue Completes Redevelopment of 45,000-Square-Foot Retail Building in Pasadena, California

by Hayden Spiess

Pasadena, Calif. — A consortium of investors doing business as 475 South Lake Avenue LLC has completed the redevelopment of a 45,000-square-foot historic retail building in Pasadena. Originally constructed in 1949 as a department store, the I. Magnin & Co. building was most recently occupied by Borders Books & Music more than a decade ago. Erewhon now occupies space on the ground floor and basement level of the property, with childcare center Brella and women’s healthcare clinic Tia occupying the second floor. Architecture, planning and interior design firm RDC and Humberto …

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3-Corners_Frisco-Texas
Investment salesNewsTexas

STRIVE Arranges Sale of 10,339-Square-Foot Retail Center in Frisco, Texas

by Hayden Spiess

Frisco, Texas — STRIVE has arranged the sale of 3 Corners Plaza — Building 2, a 10,339-square-foot retail center located in Frisco. The property was fully leased at the time of sale. Adam Gottschalk and Hudson Lambert of STRIVE represented the seller in the transaction. An undisclosed California-based investor purchased the property. 

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