Fresno, Calif. — Matthews Real Estate Investment Services has arranged the sale of Village Walk Shopping Center, a 30,000-square-foot retail center located in Fresno. Nabil Awada of Matthews represented the undisclosed buyer, which acquired the property for $6.9 million in a 1031-exchange transaction. Crunch Fitness Center anchors the property, which is located at 6350-6380 North Figarden Ave. Jim Brandon and Greg Kavoklis of Matthews arranged financing for the purchase.
Phoenix — Tortosa LLC has completed the disposition of The Strip, a two-story retail and office building in Phoenix. 4700 Alliance LLC, a Seattle-based investment company, purchased the property, which was fully leased at the time of sale, for $4.4 million. The ground-floor space is leased to tenants including a craft beer and wine bar/restaurant, a craft coffee shop, a wine shop and café, a locally famous cake bakery and a soon-to-be completed speakeasy bar and co-working lounge. The second floor includes a salon, two architectural firms, a fitness tech …
Bozeman, Mont. — Gallatin Valley Mall, a retail center located in Bozeman, is currently undergoing a multi-phase, $50 million redevelopment. To be known as Gallatin Crossing, the property will be mixed-use and feature retail, entertainment and medical space. The latter will include a 45,000-square-foot Medical Pavilion that brings together Intermountain Healthcare and Ortho Montana PSC. Whole Foods Market will also join the property with a location that marks its first in the state. The first phase of development for the project, which began in September 2022, is scheduled for completion …
Austin, Texas — JLL has negotiated the sale of Southpark Meadows, a 938,103-square-foot retail power center in Austin. Built in phases between 2004 and 2008, the center was 95 percent leased at the time of sale to tenants including HomeGoods, Marshalls, Ross Dress for Less, Hobby Lobby, Burlington, Dave & Busters, Best Buy, Five Below and Rooms To Go. Chris Gerard, Barry Brown, Ryan Shore, Robby Westerfield and Cole Sutter of JLL represented the undisclosed seller in the transaction. Chris McColpin and Chris Drew, also with JLL, arranged an undisclosed …
Pittsburgh — Northmarq has brokered the $7.1 million sale of a 13,575-square-foot restaurant building in downtown Pittsburgh. The freestanding building is located within the Southside Works development and is leased to The Cheesecake Factory, which has occupied the property since its original construction in 2004. Asher Wenig of Northmarq represented the buyer and seller — both of which are undisclosed New York-based firms — in the transaction.
Denton, Texas — Weitzman has arranged the sale of a 13,562-square-foot retail strip center in the North Texas city of Denton. The center sits on 1.1 acres at 111 E. University Drive. Tenants include The UPS Store, Taqueria Monterrey and Sangam Indian Restaurant. A local investor sold the property to a California-based limited liability company for an undisclosed price, with both parties requesting anonymity. David Zoller of Weitzman brokered the deal.
Columbus, Ohio — Bath & Body Works Inc. has appointed Gina Boswell, an industry veteran with more than 30 years of experience, to the role of chief executive officer and member of the Board. Boswell previously served in leadership positions with companies including Unilever, Alberto Culver Co. and The Estee Lauder Cos. and as a board member of the Retail Industry Leaders Association (RILA). Bath & Body’s board of directors voted unanimously in favor of appointing Boswell.
Vacaville, Calif. — Gantry has secured $23 million for the refinancing of Vacaville Commons, a 400,000-square-foot retail center located in Vacaville, roughly 30 miles southwest of Sacramento. Tom Dao and Erinn Cooke of Gantry’s San Francisco office arranged the 10-year permanent loan on behalf of the borrower, an undisclosed investment partnership. Tenants at Vacaville Commons, which is shadow-anchored by Target and Burlington, include Safeway, Ross Dress for Less, Big 5, Chase Bank, Chick-fil-A and Chili’s.
Woodstock, Ga. — US Fitness Holdings LLC has announced a definitive agreement to acquire a property at 301 Gold Creek Trail in Woodstock, roughly 30 miles north of Atlanta. The 69,000-square-foot sports club, currently operated as a Gold’s Gym, will be converted into a Onelife Fitness club. Onelife will retain existing staff and memberships and invest a projected $1.5 million into updating the facility. Amenities will include cardio and strength equipment, turf training areas, a spin studio, studios featuring fitness classes, a sauna, recovery studio, Olympic lifting platforms and a …
Orange, Calif. — PSRS has arranged $15 million in financing for Galleria L’Orange, a multi-tenant retail center in Orange, roughly 30 miles outside of Los Angeles. Michael Tanner and Tony Messiah of PSRS secured the non-recourse loan, which features a 10-year term and 30-year amortization. A correspondent life insurance company provided the capital. Situated on 3.1 acres, the three-building property offers 40,323 square feet of retail space and 180 parking spaces. Tenants include Starbucks Coffee, Supercuts, U.S. Bank, H&R Block and T-Mobile.