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Hayden Spiess

Walgreens_Key-West-Fla
FloridaInvestment salesNews

Orion Acquires 10,174-Square-Foot Walgreens-Occupied Building in Key West, Florida

by Hayden Spiess

Key West, Fla. —Orion Buying Corp. has acquired a 10,174-square-foot property located in Key West for $5.3 million. Walgreens occupies the building, which formerly housed the historic Strand Theater and also includes two residential apartments. Kevin Sanz of Orion Real Estate Group represented Orion Buying Corp., which is comprised of entities doing business as Limestone Ruby Raleigh LLC, Limestone Ruby Loganville LLC and Limestone Ruby Lithia Springs LLC. Brian Pfohl of CBRE represented the seller, Walgreens Co. Ocean Bank is providing financing for the transaction. 

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Miami-Worldcenter_Miami-Fla
DevelopmentFloridaLeasingMixed-useNewsRestaurants

Four Restaurants to Open at $6 Billion Miami Worldcenter Development in Florida

by Hayden Spiess

Miami, Fla. — Four restaurants will join the food-and-beverage lineup at Miami Worldcenter, a 27-acre, $6 billion mixed-use development currently underway in Miami. Serafina and Sixty Vines will lease 8,176 square feet and 8,672 square feet, respectively. NDM Hospitality Services will also open a dual-concept venue featuring BurgerFi and Anthony’s Coal Fired Pizza & Wings. Together, the two restaurants will occupy 3,835 square feet of space. Each of the restaurants is scheduled to open next year. CIM Group and The Comras Co. lead retail leasing efforts at the project. 

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Investment salesNewsTexas

STRIVE Arranges Sale of 13,910-Square-Foot Retail Strip Center in Arlington, Texas

by Hayden Spiess

Arlington, Texas —STRIVE has arranged the sale of College Crossing, a 13,910-square-foot retail strip center located in Arlington. Hudson Lambert of STRIVE represented the seller and procured the buyer in the transaction. The center was fully leased at the time of sale to tenants including Caress Dental, Soleil Cutz, Crown’s BBQ and Foxi Nails.

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Lake-Pointe_Rowlett-Texas
Investment salesNewsTexas

Phillips Edison Acquires 40,589-Square-Foot Retail Center in Metro Dallas

by Hayden Spiess

Rowlett, Texas — Phillips Edison has acquired Lake Pointe Market, a 40,589-square-foot retail center located in the Dallas suburb of Rowlett. Tenants at the property, which was 97 percent leased at the time of sale, include PetCo, DCP Equity Partners, Burger Island, OneMain Financial, Bank of America, Verizon and SuperCuts. Adam Howells, Chris Gerard and Megan Babovec of JLL represented the seller, Main Street Investment Co., in the transaction. 

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NERF_Pigeon-Forge-Tenn
DevelopmentEntertainmentNewsTennessee

Kingsmen Xperience, Bright Play to Open 29,000-Square-Foot NERF Entertainment Center in Pigeon Forge, Tennessee

by Hayden Spiess

Pigeon Forge, Tenn. — Kingsmen Xperience and Bright Play have announced plans for NERF Action-Xperience (NAX), an entertainment center that will total more than 29,000 square feet in Pigeon Forge. Scheduled to open next fall, the attraction will feature blaster battle zones, sports challenges and an obstacle course, as well as a food and beverage area and retail store. This marks the second location, with the first NAX center in New Jersey. NERF is a Hasbro brand. 

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Grocery-anchoredInvestment salesNewsWisconsin

Marcus & Millichap Brokers $14.9 Million Sale of Shopping Center in Waukesha, Wisconsin

by Hayden Spiess

Waukesha, Wis. — Marcus & Millichap has brokered the $14.9 million sale of a 112,010-square-foot shopping center in Waukesha, a western suburb of Milwaukee. Sendek’s Grocery Store anchors the property. Other tenants include Walgreens, McDonald’s and Cost Cutters. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, an undisclosed limited liability company. The team also procured and represented the buyer, a Michigan-based limited liability company.

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DevelopmentNevadaNews

Diversified Partners Underway on 2,573-Square-Foot Single-Tenant Property Near Las Vegas

by Hayden Spiess

Henderson, Nev. — Diversified Partners is underway on the construction of a 2,573-square-foot single-tenant building located in Henderson, roughly 16 miles outside Las Vegas. Scheduled for completion later this month, the property will be occupied by Starbucks Coffee and feature a 900-square-foot outdoor patio space. The project team includes Kitrell Jenson Contractors and RKAA Architects. 

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CaliforniaLeasingNews

Two Tenants Sign Leases at Long Beach Towne Center in California

by Hayden Spiess

Long Beach, Calif. — Two new tenants have signed leases at Long Beach Towne Center, a retail center located in Long Beach. Scheduled to open this summer, restaurant The Stand will occupy 3,011 square feet at the property. Cookie Plug has also signed a lease at the center and will open in a 1,000-square-foot space next to tenant Roasting Water and near the Regal Edwards Long Beach theater. 

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Deertrace-Kohler
Investment salesNewsWisconsin

Mid-America Arranges Sale of 171,366-Square-Foot Shopping Center in Kohler, Wisconsin

by Hayden Spiess

Kohler, Wis. — Mid-America Real Estate Corp. has arranged the sale of Deertrace Kohler, a 171,366-square-foot shopping center in Kohler, a northern suburb of Milwaukee. Tenants at the center, which is managed by Pine Tree, include T.J. Maxx, HomeGoods, Sierra Trading Post, Dollar Tree, Spectrum, Bath & Body Works, U.S. Cellular, Mattress Firm and JoAnn. Rick Drogosz and Dan Rosenfeld of Mid-America represented the seller, IRC Retail Centers/DRA Advisors. Chase Properties acquired the property for an undisclosed price. 

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Grocery-anchoredInvestment salesNewsVirginia

Kimco Realty Purchases Stonebridge at Potomac Town Center in Metro D.C. for $172.5 Million

by Hayden Spiess

Woodbridge, Va. — Kimco Realty has purchased Stonebridge at Potomac Town Center, a 504,000-square-foot shopping center located in the Washington, D.C., suburb of Woodbridge, for $172.5 million. A 138,500-square-foot Wegmans anchors the property, which was 96 percent leased at the time of sale. Tenants at the center include REI, Ulta Beauty, Starbucks Coffee, Cava, Firebirds Wood Fired Grill, Alamo Drafthouse Cinema and Apple Store, as well as boutique fitness, service and medical retailers. Kimco is exploring redevelopment opportunities at Stonebridge at Potomac Town Center, including three retail outparcels and adding mixed-use …

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