Edison, N.J. — Sam Ash Properties Corp. has sold a 21,929-square-foot shopping center located in Edison for $5.5 million. Marc Shein and Robert DiLeo of NAI DiLeo-Bram & Co. represented the seller in the transaction. An undisclosed grocer acquired the property, with plans to establish a flagship location.
Millington, Tenn. — Quantum Real Estate Advisors has brokered the $2.6 million sale of a single-tenant property located in Millington. A California-based buyer acquired the property from a Southeast-based developer. Chipotle Mexican Grill occupies the building. Zack Hilgendorf and Nick Hilgendorf of Quantum represented the seller in the transaction.
Escondido, Calif. — Axiom Retail Advisors has arranged two leases totaling 20,128 square feet at a shopping center located in Escondido. The tenants, Dollar Tree and Big Blue Swim School, will occupy a former Big Lots property at the center, which is anchored by The Home Depot. Lea Clay Park and Stephanie Skrbin of Axiom represented the landlord, Red Mountain Retail Group, in the lease negotiations. Brian Pyke of Retail Insite represented Dollar Tree, and Andrew Shemirani of Flocke & Avoyer represented Big Blue Swim School. Red Mountain Retail Group acquired …
Brandon and Tamarac, Fla. — A joint venture between ShopOne Centers REIT, Pantheon and a global institutional investor has acquired two retail centers — Midway Plaza and Lithia Square — totaling 287,407 square feet in Florida. Located in Tamarac, Midway Plaza comprises 218,400 square feet. Publix anchors the property, which was 84 percent occupied at the time of sale. Walmart anchors Lithia Square, which spans 69,007 square feet in Brandon. The property was 79 percent occupied at the time of sale. This brings the joint venture’s portfolio to 1.8 million square …
Riverside, Calif. — Progressive Real Estate Partners has brokered the $3.6 million sale of a strip shopping center totaling 7,250 square feet in Riverside. The property was fully leased at the time of sale. Greg Bedell of Progressive represented the Los Angeles-based seller in the transaction. Girges Gad of Pacific Realty & Finance represented the buyer.
Houston — Great Big Game Show, a new interactive entertainment concept, will open within a 1,008-square-foot space at CITYCENTRE, a 47-acre mixed-use development in Houston. Developed by the creators of The Escape Game, the venue will offer visitors the opportunity to be contestants in a game show featuring challenges, questions and games. Scheduled to open this fall, the destination will be situated adjacent to an Escape Game facility. TriGate Capital is the landlord.
Atlanta — The City of Atlanta, through Atlanta Urban Development (AUD), has unveiled plans for a 1.7 million-square-foot mixed-use redevelopment of the Mall West End. BRP Cos. is the developer. Key elements of the Mall West End redevelopment plan include: approximately 120,000 square feet of retail space, including a grocery store, fitness center, food and beverage, and local boutiques; 893 mixed-income rental units; 152 beds of student housing; a 150-key hotel; 12,000 square feet of medical office space; and community amenities. The project site is located steps from four Historically Black …
Northbrook, Ill. — Hilco Consumer-Retail (HCR) has completed the acquisition of operations for Hanes Outlet and Maidenform stores. HCR plans to leverage its RevUp program, which implements virtual store management with retail experts, at the stores. “We are thrilled that Hanes selected us to continue their retail brick and mortar operations, and we are excited to hit the ground running with the dedicated store teams,” says Ian Fredericks, president and chief executive officer of HCR.
Alpharetta, Ga. — Metro Atlanta-based Honey Baked Ham Co. has signed a four-unit franchise deal in the Northeast. Locations will include Worcester, Massachusetts, as well as elsewhere in the state and an additional location in Rhode Island. Tom McGwire, great-grandson of the brand’s founder, will own and operate the units, along with his father Tad McGwire and brothers Charlie and Brett McGwire. This will bring Tom McGwire’s Honey Baked Ham portfolio to eight stores, following a previous deal to develop four stores across Connecticut, Rhode Island and Massachusetts.
San Juan Capistrano, Calif. — Ten new tenants have signed leases at River Street Marketplace, a 60,000-square-foot retail center currently underway in San Juan Capistrano. Rowan, Tecovas, Hobie, May Martin, Studio Pilates, Parana Empanadas, Pastalia, The Sushi Stand, Kebab Craft and Capas have joined the lineup, bringing the total number of tenants to 30. ALMQUIST is the developer and landlord of the property, which is scheduled to open in September.