Tucson, Ariz. — Hanley Investment Real Estate Advisors has negotiated the $4 million sale of a single-tenant property located in Tucson. First Watch occupies the property, which totals 4,164 square feet, on a triple-net-lease basis. Bill Asher, Jeff Lefko and Lee Csenar of Hanley represented the seller and developer in the transaction. Cory Krupinsky of Brisky Net Lease, in association with Brian Brockman of Bang Realty, represented the buyer, a private investor.
Chicago — Bally’s Corp. (NYSE: BALY) has released an updated permanent site plan for its $1.7 billion casino project in Chicago, a redevelopment of the former Chicago Tribune printing plant that will now be developed in a single phase. The property is located at 777 W. Chicago Ave. in the city’s River West neighborhood. Project plans now include a 34-story, 500-room hotel tower situated at the southern end of the 30-acre gaming and entertainment destination. The hotel — which was initially expected to be located elsewhere in the development — will feature a …
Grants Pass, Ore. — Rhino Investments Group has acquired Grants Pass Shopping Center, a 277,378-square-foot retail center located in Grants Pass. The property is situated on a 24.2-acre site with 856 parking space. Tenants at the center include Ulta Beauty, T.J. Maxx, Ross Dress for Less, Petco and Rite Aid.
Mukwonago, Wis. — Legacy Realty Group Advisors has brokered the $12 million sale of a single-tenant property located in Mukwonago. Metro Market (a Kroger brand) occupies the building, which totals 63,740 square feet, on a net-lease basis. Jacob Baruch and Daniel Baruch of Legacy represented the seller in the transaction. Carol Vena of JRW Realty represented the buyer.
Summerville, S.C. — An affiliate of North America Sekisui House (NASH) has broken ground on Marketplace at Nexton, a new retail and restaurant project at the company’s Nexton master-planned community in the Charleston suburb of Summerville. Upon completion, the development will total 35,000 square feet of retail and restaurant space across six one-story buildings ranging from 3,500 to 10,000 square feet in size. Tenants at Marketplace at Nexton will include Dunkin’, sweetFrog, El Patron, Rotolo’s Craft and Crust Pizza, Dance Moves of Charleston, Shimmer and a liquor store. SL Shaw & …
Brighton, Mich. — Two new tenants have signed leases at Green Oak Village Place in Brighton. Michigan Makers Marketplace and StretchLab will occupy 4,920 square feet and 2,259 square feet, respectively, at the property. Michigan Makers Marketplace offers goods from local craftsmen and artists, as well as scheduled craft shows. StretchLab is concept offering assisted stretching services, with a portfolio of roughly 900 facilities in North America.
El Paso, Texas — The El Paso City Council has approved a proposal to develop an $80 million concert venue and has formed a public-private partnership with the operator, hospitality firm Venu (formerly known as Notes Live). The project will span 17 acres of city-owned land and will anchor the Cohen Entertainment District on the city’s northeast side. Dubbed Sunset Amphitheater, the venue will feature a seating capacity of 12,500. The City of El Paso is providing $30.6 million in performance-based incentives under the terms of the partnership deal. Construction is …
Nolensville, Tenn. — Watkins Real Estate Group is underway on the development of Village Green, a 90,473-square-foot shopping center in Nolensville, roughly 20 miles outside Nashville. Publix will anchor the property, which is scheduled for completion in summer 2025. Other tenants at the center will include Heartland Dental, Club Pilates, Jersey Mike’s, Waxing the City, Hand & Stone Massage and Facial Spa and Physicians Urgent Care. William Shell and Harris McCullough of JLL will manage leasing at the development on behalf of Watkins.
Roswell, Ga. — JLL Capital Markets has arranged the sale of Roswell Market Center, an 82,029-square-foot retail center located in the northern Atlanta suburb of Roswell. Tenants at the property, which was built in 1990, include AutoZone, Dollar Tree, Subway and AT&T. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller, Sterling Organization, in the transaction.
Frederick, Md. — Finmarc Management Inc. has purchased Riverview Plaza, a 185,275-square-foot shopping center in Frederick, for $30 million. Ryan Sciullo and H. Casey Benson Smith of CBRE represented the seller, a joint venture between Edens and JPMorgan Chase & Co., in the transaction. Built in 1998 on 23 acres, Riverview Plaza is located approximately 40 miles outside Washington, D.C. The shopping center was 95 percent leased at the time of sale to 10 retailers, including T.J. Maxx, PetSmart, Michaels, Staples, Sierra and Old Navy.
