Apollo Beach, Fla. — SRS Real Estate Partners has brokered the $5 million sale of a newly developed retail property located in Apollo Beach. Two tenants, GoodVets and First Watch, fully occupy the building, which totals 7,000 square feet. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the Florida-based seller in the transaction.
Chesapeake, Va. — Dollar Tree Inc. has acquired designation rights for 170 leases of 99 Cents Only Stores, following the latter’s Chapter 11 bankruptcy filing. 99 Cents Only Stores filed for bankruptcy in April and is disposing of its assets — including inventory, owned real estate and store leases — as part of the process. Dollar Tree acquired the leases, as well as the North American intellectual property of 99 Cents and select onsite furniture, fixtures and equipment, in two separate transactions this month. “This was an attractive opportunity to secure …
Chanhassen, Minn. — Minnesota-based Life Time Group Holdings, which operates more than 170 fitness centers throughout the U.S. and Canada, has completed a $40 million sale-leaseback transaction at one of its locations. The property was acquired by an institutional real estate investor that owns another Life Time facility. The proceeds will be used to “support growth and strengthen [Life Time’s] balance sheet,” according to a press release issued by the company.
Beaufort, S.C. —T.J. Maxx and HomeGoods have opened stores at Beaufort Station, a 200,000-square-foot shopping center currently underway in Beaufort. Upon completion, the property, which is being developed by The Morgan Cos., will feature nine anchor and junior anchor stores, including Hobby Lobby, Ross Dress for Less, PetSmart, Ulta Beauty, Old Navy, Five Below and Rack Room Shoes. Other tenants at the center will include Aldi, Parker’s Kitchen, Panda Express, Chicken Salad Chick, Surcheros Fresh Mex, America’s Best and Mattress Firm.
Silver Spring, Md. — MCB Real Estate has unveiled plans to develop VIVA White Oak, a 280-acre mixed-use project anchored by healthcare space in Silver Spring, approximately six miles north of downtown Washington, D.C. Plans call for 3 million square feet of lab, office, research and medical space; 525,000 square feet of retail; 3,000 square feet of hotel space; 75,000 square feet of senior living; 4,500 private residences; and 85 acres of open space. MCB is currently working with stakeholders and public officials to refine the specifics, but the healthcare component …
Wilmette, Ill. — Wayfair has opened a 150,000-square-foot store at Edens Plaza in the Chicago suburb of Wilmette. Situated within a space formerly occupied by the Carson Pirie Scott department store, this marks the first brick-and-mortar store for the digitally native home-merchandise brand. In addition to furniture, home décor, housewares, appliances and home improvement products, the store features a restaurant, dubbed The Porch. JT Magen served as the construction manager for the property renovation, which included an exterior expansion of 110,000 square feet to include a plaza, new parking lot, landscaping …
Melville, N.Y. — New York-based A&G Real Estate Partners has announced plans to market 27 store leases in 12 states on behalf of music retailer Sam Ash Music Corp., which recently filed for Chapter 11 bankruptcy protection in New Jersey. Sam Ash’s total portfolio comprises 42 stores in 16 states, all of which will be closed while the company entertains buyer offers and completes its financial restructuring. Averaging 25,467 square feet, the lease sizes range from 6,000 to 44,000 square feet.
Killeen and North Richland Hills, Texas — Hanley Investment Group Real Estate Advisors has brokered the sale of two single-tenant properties in Texas in separate transactions. Brakes Plus occupies both properties, which are located in Killeen and North Richland Hills, on a net-lease basis. Both leases feature a corporate guarantee by Mavis Tire Express Services Corp. Built in 2023, the Killeen property totals 4,900 square feet on a 1-acre parcel. Matt Montagne, Maxwell Watson and Tyler Ellinger of Sands Investment Group represented the seller, a Los Angeles-based private investor. The North …
Lakeland, Fla. — Marcus & Millichap has brokered the $4.5 million sale of a single-tenant retail property located in Lakeland. CVS/pharmacy occupies the building, which comprises 12,738 square feet. Ronnie Issenberg and Ricardo Esteves of Marcus & Millichap represented the buyer, a Florida-based private investor, in the transaction.
Aurora, Ill. — Seven new tenants have signed leases at Fox Valley Mall, a three-story shopping center located in Aurora, roughly 40 miles outside Chicago. UTime Gamers and FunBox are now open at the property, in spaces comprising 1,843 square feet and 25,000 square feet, respectively. Molly’s Cupcakes, DDC Wraps, New Beautee, hotRAGS and Showroom have also signed leases at the center. The concepts will occupy 852; 1,172; 1,686; 2,125; and 2,140 square feet, respectively. Centennial is the landlord.
