Saturday, December 28, 2024
Read the Digital Magazines
Subscribe
Author

Hayden Spiess

Jersey-Mikes
Company newsInvestment salesNew JerseyNewsRestaurants

Blackstone Agrees to Acquire Majority Ownership Position in Jersey Mike’s Subs

by Hayden Spiess

Manasquan, N.J. — Private equity funds managed by Blackstone have agreed to acquire a majority ownership position in Jersey Mike’s Subs. The deal would value the Manasquan-based sandwich restaurant chain at around $8 billion, including debt, according to The Wall Street Journal. Jersey Mike’s founder and CEO Peter Cancro will maintain a significant equity stake and continue to lead the business. Blackstone says the partnership is intended to help Jersey Mike’s accelerate its expansion across and beyond the U.S. market, as well as its continued investment in technology and digital transformation. New …

Continue Reading
0 FacebookTwitterLinkedinEmail
White-House-Shops_White-House-Tenn
DevelopmentGrocery-anchoredNewsTennessee

Sembler Completes Development of 75,000-Square-Foot Shopping Center in Metro Nashville

by Hayden Spiess

White House, Tenn. — The Sembler Co. has completed the development of White House Shops, a 75,000-square-foot shopping center located in White House, roughly 20 miles north of Nashville. A 48,387-square-foot Publix anchors the property, which was 88 percent leased at the time of opening. Other tenants at the center include Noire The Nail Bar, East Nashville Aesthetic Dentistry, Teriyaki Madness, Miso Bowl, Wingstop and The UPS Store. Woody Widenhofer of Colliers is managing leasing at the property.  

Continue Reading
0 FacebookTwitterLinkedinEmail
Thompson-Square_Tupelo-Miss
Grocery-anchoredInvestment salesMississippiNews

JLL Arranges Sale of 69,448-Square-Foot Retail Center in Tupelo, Mississippi

by Hayden Spiess

Tupelo, Miss. — JLL Capital Markets has arranged the sale of Thompson Square, a 69,448-square-foot retail center located in Tupelo. Mishra Group acquired the property from Midland Atlantic Properties for an undisclosed price. The center was fully leased at the time of sale to tenants including Kroger, Enterprise, Buff City Soap, Republic Finance, Allstate and Chik-fil-A.  Brad Buchanan, Jim Hamilton and Anton Serafini of JLL represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Village-at-Gateway_Forney-Texas
DevelopmentMixed-useNewsTexas

StreetLevel Breaks Ground on 120-Acre Mixed-Use Development in Texas

by Hayden Spiess

Forney, Texas — StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney. Designed by GFF and constructed by general contractor Ridgemont Commercial Construction, the project will be situated within the 2,000-acre Gateway master planned development. The first phase will comprise 500,000 square feet of retail space. A 144,000-square-foot Target will anchor the property, and other tenants will include The Home Depot and H-E-B. The development will also feature nine outparcels, as well as sites for future multifamily residential space. Completion of the first phase is …

Continue Reading
0 FacebookTwitterLinkedinEmail
Huntington Oaks Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Arranges Sale of 250,787-Square-Foot Shopping Center in Southern California

by Hayden Spiess

Monrovia, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Huntington Oaks Center, a 250,787-square-foot shopping center located in Monrovia, approximately 20 miles outside Los Angeles. Built in 1984, the property was 75 percent occupied at the time of sale. Tenants at the center include Trader Joe’s, Burlington, Marshalls, Crunch Fitness, Chili’s Grill & Bar, Mimi’s Café, Chipotle Mexican Grill and Panda Express. A Kohl’s is also located at the property but was not included in the sale. Hanley represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Lowes
FloridaInvestment salesNews

SRS Brokers $14.3 Million Sale of Retail Property in Metro Tampa 

by Hayden Spiess

Odessa, Fla. — SRS Real Estate Partners has brokered the $14.3 million sale of a newly built freestanding retail property in Odessa, a suburb of Tampa. Lowe’s Home Improvement occupies the 137,554-square-foot property on a 20-year absolute net ground lease. Matthew Mousavi and Patrick Luther of SRS represented the California-based buyer in the all-cash transaction. Patrick Wagor of Atlantic Capital Partners represented the seller, a privately held development firm. 

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaGrocery-anchoredInvestment salesNews

Wilder Acquires 65,417-Square-Foot Retail Center in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Wilder has acquired the Shoppes at Palmer Ranch, a 65,417-square-foot retail center located in Sarasota. Publix anchors the property with a store featuring a drive-thru pharmacy and Publix Liquors. Other tenants at the center include Dental Care at Palmer Ranch, Sherwin-Williams, Wellness Animal Hospital, Ann Volcano Nail Lounge and Fuji Sushi Steakhouse. Brad Peterson of Colliers represented the seller, WMG Development, in the transaction. Donald Jennewein of Colliers arranged acquisition financing on behalf of Wilder. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth Carolina

Legacy Arranges Sale of 54,803-Square-Foot Shopping Center in Cary, North Carolina

by Hayden Spiess

Cary, N.C. — Legacy Realty Group Advisors has arranged the sale of Hemlock Plaza, a 54,803-square-foot shopping center located in Cary. Jacob Baruch, Daniel Baruch and Max Yardeni of Legacy represented the buyer in the transaction. Daniel Walser and David Divine of APG Advisors represented the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Walgreens-Indiana
IndianaInvestment salesNet leaseNews

Marcus & Millichap Brokers $2.4 Million Sale of Walgreens-Occupied Property in Bluffton, Indiana

by Hayden Spiess

Bluffton, Ind. — Marcus & Millichap has brokered the $2.4 million sale of a single-tenant retail property in Bluffton, roughly 25 miles south of Fort Wayne. Built in 2023, the building is occupied by Walgreens, with approximately 4.5 years remaining on the triple-net lease. Jordan Klink and David Klink of Marcus & Millichap represented the seller, Eureka Limited Co., and procured the buyer, Valuecom22 LLC, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Crossings-Corona-CA
CaliforniaFinanceNews

Castle & Cooke Secures $140 Million Financing for Crossings at Corona Retail Center in California

by Hayden Spiess

Corona, Calif. — Castle & Cooke has received $140 million in financing for Crossings at Corona, a retail center located in Corona. Delivered in 2005, the property totals 833,995 square feet. Tenants at the property include Marshalls, Kohl’s, HomeGoods, Sportsman’s Warehouse, Burlington and Edward’s Theatre. John Marshall, Spencer Seibring and Nick Englhard of JLL Capital Markets arranged the loan through Deutsche Bank AG. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts