New York City — Five Iron Golf will open a 30,000-square-foot entertainment center at 101 Park Ave. in Manhattan. The space will house the concept’s signature golf simulators, widescreen TVs, leisure games and a full-service restaurant and bar. Anthony Dattoma of CBRE and Jason Goode of Compass Real Estate represented Five Iron Golf in the lease negotiations. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co. A tentative opening date was not disclosed.
Cutler Bay, Fla. — A few months after purchasing the former Southland Mall site in Cutler Bay for $100.4 million, owners Electra America (and affiliate American Landmark) and BH Group have unveiled plans for their $1 billion redevelopment of the 80-acre campus in Cutler Bay, approximately 30 miles south of Miami. Named Southplace City Center, the mixed-use development will feature 4,395 residential units and over 500,000 square feet of retail space, with dining and entertaining venues at the existing mall and an additional 150,000 square feet of new retail space and outparcels …
Montgomeryville, Pa. — JLL Capital Markets has arranged the sale of Airport Square, a 298,719-square-foot retail center located in Montgomeryville, roughly 25 miles north of Philadelphia. Airport Square was 98 percent leased at the time of sale and is anchored by TJ Maxx, Marshalls, Best Buy, Home Goods, HomeSense and Golf Galaxy. Other tenants include Old Navy, Michaels, Chipotle Mexican Grill and Shake Shack. Jim Galbally, Christopher Munley, Colin Behr and James Graf of JLL represented the seller, a global investment advisor, in the disposition of the property to a …
New Orleans — Faris Lee Investments and SRSA Commercial Real Estate have brokered the $31.4 million sale of a single-tenant net-lease Whole Foods Market located at 5600 Magazine St. in New Orleans. The store, which is one of two Whole Foods in the city, is situated near Tulane University and was originally a street car barn constructed in 1893. Faris Lee’s Scott DeYoung and Jeff Conover, along with SRSA’s Steve Reisig, Chris Robertson and Kirsten Early, represented the undisclosed seller in the transaction. Jason Maier with Stan Johnson Co. represented …
Fitchburg, Mass. — Atlantic Capital Partners, a division of Boston-based Atlantic Retail, has arranged the sale of John Fitch Plaza, a 186,809-square-foot retail center in Fitchburg, located in the northern-central part of the state, roughly 50 miles northwest of Boston. Anchored by Cinema World and The Paper Store, the property was 79 percent leased at the time of sale. Justin Smith, Chris Peterson, Sam Koonce and Cole Van Gelder represented both the buyer and seller.
Omaha, Neb. — Marcus & Millichap has arranged the sale of a 66,474-square-foot retail property occupied by Family Fare Supermarket in Omaha for $4.4 million. The building is located at 5110 S. 108th St. Brennan Clegg, Chris Lind and Mark Ruble of Marcus & Millichap represented the seller, a limited liability company.
Greenfield, Ind. — Dylan Mallory of Hanley Investment Group Real Estate Advisors, in collaboration with Jacque Haynes of Midland Atlantic Properties, has orchestrated the sales of three retail properties located in Greenfield, approximately 25 miles east of downtown Indianapolis. All located on North State Street as part of the Greenfield Market development, the properties were acquired by separate 1031-exchange buyers in transactions totaling more than $9 million. Indianapolis-based Midland Atlantic Properties was the seller. The properties included a 2,616-square-foot Chipotle Mexican Grill, a 3,500-square-foot Panera Bread and a 4,500-square-foot Chick-fil-A. …
Salina, Kan. — Blue West Capital has arranged the $9 million sale of Sunset Plaza in Salina, a city in central Kansas located roughly 100 miles north of Wichita. Dillons, a division of Kroger, anchors the 126,606-square-foot shopping center. The Dillons store was remodeled in 2019, and a fuel center was added in 2020. Originally constructed in 1960, Sunset Plaza was nearly fully leased at the time of sale. Robert Edwards, Zach Wright and Shawn Dickmann of Blue West Capital represented the seller, a Kansas-based private equity real estate company. …
Westminster, Colo. — Plaza Northwest, a 27,405-square-foot retail center located in Westminster, roughly 11 miles northwest of Denver. Jason Schmidt of JLL Capital Markets represented the seller, Centre Point Properties, in the transaction. Park Meadows Real Estate LLC acquired the property, which was 94 percent leased at the time of sale. Tenants include Rocky Mountain Urgent Care, 303 Training Center, Hot Pho, T Love Nails, Empire Fitness, One Main Financial, State Farm, Partners in Health and Connie’s Antiques.
Cary, N.C. — ShopOne Centers REIT Inc., in a joint venture with Pantheon and an undisclosed institutional investor, has acquired Shoppes on the Parkway in Cary, about ten miles west of downtown Raleigh. The Fresh Market anchors the 40,000-square-foot center, which was 96 percent leased at the time of sale. The transaction marks the first acquisition by the joint venture.