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Hayden Spiess

King's-Fish-House_Carlsbad-Calif
CaliforniaInvestment salesNewsRestaurants

CBRE Brokers $23.5 Million Sale of Three Restaurant Properties in Carlsbad, California

by Hayden Spiess

Carlsbad, Calif. — CBRE has brokered the $23.5 million sale of three restaurant properties located in Carlsbad. Reg Kobzi, Michael Peterson, Joel Wilson, Philip Voorhees, Megan Lanni and Eric Shain of CBRE represented the seller, CPT/SC Title Holding Corp., in the disposition of the properties to separate buyers. Creekside Shops LLC purchased a 10,262-square-foot building leased to King’s Fish House at 5625 Paseo Del Norte for $10.3 million. An undisclosed buyer purchased a 7,166-square-foot P.F Chang’s located at 5621 Paseo Del Norte for $5.7 million. K Ishii Manhattan Ave LLC acquired a 10,470-square-foot BJ’s Restaurant …

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SoLé-Mia_North-Miami-Fla
DevelopmentFloridaLeasingNews

Reserve Padel to Open 100,000-Square-Foot Fitness Club in North Miami, Florida

by Hayden Spiess

North Miami, Fla. — Reserve Padel has announced plans to open a 100,000-square-foot fitness club in North Miami. Upon completion, the venue will feature four indoor and six outdoor padel courts; two pickleball courts; a health and wellness center; Pura Vida restaurant; steam room; and cold plunge pool. Situated within SoLé Mia, a 184-acre master-planned community, the club will mark the first permanent location for the brand. 

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Roselle-Commons_Roselle-N.J
FinanceGrocery-anchoredInvestment salesNew JerseyNews

Cronheim Mortgage Arranges $13.1 Million Acquisition Financing for Two Retail Centers in New Jersey

by Hayden Spiess

Elizabeth and Roselle, N.J. — Cronheim Mortgage has arranged a $13.1 million loan for the acquisition of two retail centers located in New Jersey. The first property, Color Plaza, comprises 49,309 square feet in Elizabeth. Tenants at the center, which was fully leased at the time of the transaction, include Seabras and CVS/pharmacy.  Developed in 2004, the second property is Roselle Commons in Roselle. The center was fully leased at the time of the transaction to tenants including Pep Boys, Green Grocer, Quest Diagnostics, GNC and T-Mobile.  Andrew Stewart, Dev Moris …

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West-on-West_Houston
DevelopmentLeasingNewsTexas

Six Tenants Sign Leases at West on West in Houston

by Hayden Spiess

Houston — Six tenants have signed leases at West on West, a 90,000-square-foot mixed-use development currently underway in Houston. Tsujita Artisan Noodle will open a 2,814-square-foot restaurant at the property, and Paris Baguette will occupy 3,150 square feet. Korean dessert concept SomiSomi and boba chain The Alley have also leased 1,637 and 2,436 square feet, respectively. Additionally, Lady M will open a 2,793-square-foot bakery next spring, and Kaiten-sushi Ginza Onodera will open within a 3,976-square-foot space at the development in spring 2025. Heather Nguyen represented the landlord, NewQuest Properties, in the …

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J.C.-Penney-Plano
Company newsLeasingNewsTexas

JCPenney Reopens 320,000-Square-Foot Office Campus in Texas

by Hayden Spiess

Plano, Texas — JCPenney has reopened its 320,000-square-foot corporate office at The Campus at Legacy West (CALWest) in Plano, welcoming back some 2,000 associates in the process. The department store chain originally opened in CALWest campus in 1992 when it relocated to Texas from New York City, but the offices were largely shuttered after the company filed for Chapter 11 bankruptcy protection during the early days of the COVID-19 pandemic. The office now features an open floor plan to encourage collaboration among employees, who will also have access to amenities such …

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Westfield-Mission-Valley-2
CaliforniaInvestment salesNews

Unibail-Rodamco-Westfield Sells 1.1 Million-Square-Foot Westfield Mission Valley Shopping Center in San Diego for $290 Million

by Hayden Spiess

San Diego — French investor Unibail-Rodamco-Westfield (URW) has sold Westfield Mission Valley, a 1.1-million-square-foot retail center in San Diego, for $290 million. The center was developed on two parcels of property; URW sold the eastern portion to Lowe and Real Capital Solutions, while Sunbelt Investment Holdings Inc. bought the smaller western parcel. The Westfield Mission Valley shopping mall, the eastern part of the property, was originally built in 1960 on a 41-acre site. The center currently offers 73 shops, including Target, Nordstrom Rack, Macy’s Home, Michael’s, Bloomingdale’s Outlet and a 24-Hour Fitness, as well …

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Pocatello-Square_Pocatello-Idaho
IdahoInvestment salesNews

Kidder Matthews Brokers Sale of 139,064-Square-Foot Shopping Center in Pocatello, Idaho

by Hayden Spiess

Pocatello, Idaho — Kidder Matthews has brokered the sale of Pocatello Square, a 138,064-square-foot shopping center located in Pocatello. Tenants at the property, which was built in 2006 and fully leased at the time of sale, include Dick’s Sporting Goods, Grocery Outlet, Ross Dress for Less, JOANN Fabric and Crafts and Old Navy. Mike King, Erik Swanson, Darren Tappen, Peter Beauchamp and Nathan Thinnes of Kidder Matthews represented the seller, CWCapital, in the transaction. An undisclosed buyer purchased the center through CWCapital’s online auction platform, RI Marketplace. 

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Uptown-Plaza_Houston
Investment salesNewsTexas

JLL Arranges Sale of 28,000-Square-Foot Retail Center in Houston

by Hayden Spiess

Houston — JLL Capital Markets has arranged the sale of Uptown Plaza, a 28,000-square-foot retail center located in Houston. Developed in 2002, the property was fully leased at the time of sale. Tenants at the center include CVS/pharmacy, Vision Corner, EG Geller Shoes, Lesley Ann Jewels, Alchemy 43, Fizz Nails and Grotto. Ryan West, John Indelli and Erin Lazarus of JLL represented the undisclosed seller in the transaction. Pine Ridge Real Estate acquired the property for an undisclosed price. 

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Cinépolis_Inglewood-Calif
CaliforniaDevelopmentEntertainmentLeasingNews

Cinépolis to Open 55,137-Square-Foot Theater in Inglewood, California

by Hayden Spiess

Inglewood, Calif. — Cinépolis Luxury Cinemas will open a 55,137-square-foot theater at Hollywood Park, a mixed-use development currently underway in Inglewood. Scheduled to open this month and dubbed Cinépolis Luxury Cinemas Inglewood IMAX, the space will feature 12 screens and 1,236 seats. 

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Club-Studio
CaliforniaLeasingNews

Club Studio to Open 48,000-Square-Foot Fitness Studio in Santa Monica, California

by Hayden Spiess

Santa Monica, Calif. — Fitness concept Club Studio will open a 48,000-square-foot studio at Santa Monica Place, a Macerich property in Santa Monica. Located on the first level of the property, the space will feature five boutique studio rooms, as well as a recovery space, steam rooms, infrared saunas, a juice bar and retail store. A timeline for the opening was not disclosed. 

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