Sturgeon Bay, Wis. — Marcus & Millichap has arranged the $1.1 million sale-leaseback of a 1,650-square-foot property in Sturgeon Bay, a city in eastern Wisconsin. The single-tenant building is occupied by Jimmy John’s on a net-lease basis. Originally built in 1995, the property was reconfigured for Jimmy John’s in 2017. Damien Yoder and Madison Harman of Marcus & Millichap represented the seller, a private investor. Tom Gommels of Marcus & Millichap secured and represented the buyer, also a private investor. Todd Lindblom assisted in closing the transaction as the Wisconsin …
Vancouver, Wash. — Seven new tenants have signed leases at Vancouver Mall, a shopping center located in Vancouver, roughly 10 miles north of Portland. Twisted Escape Rooms, Paliy Construction, Mariya’s Touch Boutique and Luxury African Braids have already opened spaces at the property. Lo’u Sei e and Quick Bites Deli Shop will open in April of this year, with Smack Town scheduled to join the tenant lineup in May.
Greenville, S.C. — Whole Foods Market has signed on to anchor Greenville County Square, a $1 billion mixed-use redevelopment project in downtown Greenville. RocaPoint Partners is the developer behind the 3.5 million-square-foot live-work-play destination, which will modernize and activate 40 acres along University Ridge. Whole Foods Market will occupy a standalone building designed by MVA Architects. Whole Foods is the first tenant announced, and RocaPoint is currently pursuing other credit-worthy retailers and restaurants to join the development. “Whole Foods Market will add to the development’s lively charm and represents the …
Waldorf, Md. — First National Realty Partners has acquired Waldorf Marketplace, a 359,484-square-foot shopping center located in Waldorf, approximately 30 miles outside Washington, D.C. A 58,092-square-foot Safeway anchors the property, which is also home to tenants including Hobby Lobby, Jared, Petco, Starbucks Coffee, Wells Fargo, Red Robin, TGI Fridays, Bath & Body Works and Famous Dave’s. The purchase marks First National Realty Partners’ fourth retail center acquisition within the DMV-metropolitan area.
Charlotte, N.C. — EverWest Real Estate Investors has sold Specialty Shops SouthPark, a 65,362-square-foot retail center located in Charlotte, for $40.2 million. Hill Partners purchased the property, which is leased to tenants including Williams-Sonoma, Drybar, Talbots and Paco’s Tacos & Tequila.
Chicago — L3 Capital has added two new tenants to its mixed-use development in the Fulton Market neighborhood of Chicago. Ever/Body and Brilliant Earth will join the retail lineup, marking six tenant openings since September of last year. L3 completed construction on the 35,000-square-foot project, a redevelopment of a former bank and parking lot which is now fully leased, in January 2022. Other tenants include Mejuri, Brooklinen, Puttery and Lululemon.
Atlanta — Jeff Enck has joined SRS Real Estate Partners as senior vice president of the company’s investment properties group. Enck, who brings more than two decades of experience, will lead the establishment of a new service line focused on unanchored shopping centers throughout the Southeast. Kyle Stonis and Pierce Mayson lead the investment properties team in Atlanta. “I’m very excited to be joining a team and firm that are among the very best in retail investment sales,” says Enck. “Combining my unanchored business with the institutional and net leased …
Hillsboro, Ore. — Newmark has arranged the sale of The Streets of Tanasbourne, a 371,791-square-foot shopping center located in Hillsboro. Nicholas Bicardo, Nick Kucha and Cheyne Bloch brokered the sale on behalf of the undisclosed seller. Balboa Retail Partners purchased the property. Macy’s, H&M, REI and Sephora anchor the center, which was 93 percent leased at the time of sale.
Ontario, Calif. — SRS Real Estate Partners’ Investment Properties Group has brokered the $54 million sale of New Haven Marketplace in Ontario. Built in 2020, the shopping center totals 95,000 square feet. Stater Bros. anchors the property, which was fully leased at the time of sale. Other tenants include Starbucks Coffee, Chase Bank, Carl’s Jr., Great Clips, Rodeo X Public Market and Brew Haven. Pat Kent and Parker Walter of SRS represented the seller, a California-based developer, in the transaction. Glenn Rudy of Newmark represented the buyer, a California-based family …
Round Rock, Texas — Partners Real Estate, formerly known as NAI Partners, has arranged the sale of a 5,302-square-foot retail property in the northern Austin suburb of Round Rock. Mister Car Wash occupies the property. Landan Dory and Jason Chtay of Partners represented the buyer, an entity doing business as AJH Williamsburg Ltd., in the transaction. Spencer Henderson and Jim Ceresnak from B&E CRE represented the undisclosed seller.