Gainesville, Fla. — Allie Allure, a women’s fashion boutique, will open on April 2 in Gainesville. The 2,000-square-foot location will be the first brick-and-mortar location for the retailer. Allie Allure’s new store will offer dresses, skirts, tops, pants, and accessories for high school, college and business professionals. Located at 3204 SW 35th Blvd., the property will be situated next to a JOANN Fabric and Craft Store and Publix within Butler Plaza, a shopping center with over 150 stores and 2 million square feet of retail and restaurant space owned by …
Julia Sanders
Monroe, N.C. — Irgang Group has acquired Poplin Place, a 196,462-square-foot regional shopping center in Monroe, about 21 miles from Charlotte. Ben Bruner of the Bruner Group represented Irgang Group on the transaction. Thomas Kolarczyk, Danny Finkle and Eric Williams of JLL Capital Markets represented the seller, Big V Property Group. Built in 2005, Poplin Place is fully occupied by an anchor tenant lineup that includes T.J. Maxx, Ross Dress for Less, PetSmart, Burlington, Big Lots and pOpshelf, along with a Target shadow anchor. Poplin Place also features tenants including …
Bakersfield, Calif. — Faris Lee Investments has arranged the sale of Ming Plaza, a retail center located on Ming Avenue in Bakersfield. A private family office sold the property to an undisclosed buyer for $26.5 million. Sean Cox, Alex Moore and Don MacLellan of Faris Lee Investments represented the seller and procured the buyer in the deal. Faris Lee also arranged financing for the buyer. At the time of sale, the 117,228-square-foot property was nearly 100 percent occupied and includes three outparcels leased to Starbucks Coffee, Chase Bank and Long …
West Hollywood, Calif. — Cushman & Wakefield has brokered the sale of a freestanding, single-tenant retail property located at 8833 Beverly Blvd. in West Hollywood. A joint venture between Acadia Realty Trust and Osiris Ventures acquired the property for $24 million. Luxury Living fully occupies the 9,757-square-foot building. Kazuko Morgan, Carine Mamann and Steve Algermissen of Cushman & Wakefield represented the seller in the transaction.
Belmont, N.H. — McLaughlin Investments has negotiated the $7.8 million sale of Belknap Mall, a 235,000-square-foot shopping center in Belmont, located 34 miles from Manchester. Grocer Shaw’s anchors the property with a 38,500-square-foot store. Other tenants include Job Lots, Planet Fitness, Clear Choice Medical Clinic, Jo-Ann Fabric, Verizon Super Cuts and Dunkin’. John McLaughlin of McLaughlin Investments represented the buyer, Vernet Properties LLC, in the transaction. The seller, Belknap Realty, was represented in-house.
Midland, Texas — SRS Real Estate Partners’ National Net Lease Group has brokered the $5.9 million sale of a two-tenant retail property located at 3200 N Loop 250 W in Midland. Britt Raymond and Kyle Fant of SRS represented the seller, a Texas-based developer. Jake Bordelon of Marcus & Millichap represented the buyer, a California-based private investor. The 94,579-square-foot property is fully occupied by Kohl’s and Crunch Fitness.
Forsyth, Ill. — Marcus & Millichap has brokered the $4.8 million sale of Forsyth Center in Forsyth, about 45 miles east of Springfield. The 30,087-square-foot retail center is located at 1460 Koester Road. The property is home to PetSmart and Dollar Tree, both of which have been tenants since the center was constructed in 2006. Tammy Saia and Tami Andrew of Marcus & Millichap represented the seller, a local developer. Buyer information was not provided.
Cary, N.C. — Lotus Cinemas, an international and independent film theater, is set to open on March 25 at Parkside Town Commons in Cary, about 18 miles from Durham. The theater, which is the brainchild of Paragon Theaters’ co-CEOs Michael Whalen and Michael Wilson, will be exclusively dedicated to niche films by up-and-coming and award-winning foreign and domestic cinematographers. Lotus Cinemas will include four newly renovated auditoriums with reclining seats, a concession area and a new dedicated entrance. Each auditorium will feature zero-gravity recliners, reserved seating, wall-to-wall screens and Dolby …
Edina, Minn. — JLL Capital Markets has arranged the sale of Galleria Edina, a 398,585-square-foot enclosed regional shopping center in Edina, about 10 miles from Minneapolis. Danny Finkle, Barry Brown, Dave Monahan, Amy Sands, Cameron Pittman, Matt Hazelton and Cory Villaume of JLL represented the undisclosed seller in the disposition of the property to 70th Street Properties LLC. Park State Bank provided financing for the acquisition. Located at 3510 West 69th St., Galleria Edina was 99 percent leased at the time of sale to tenants including Louis Vuitton, Tiffany & …
Franklin Township, N.J. — Axiom Capital Corp. has arranged a $25 million loan for the refinancing of a 113,204-square-foot retail center in Franklin Township, about 40 miles south of Manhattan. Grocer ShopRite anchors the three-building property, with Wells Fargo occupying the other standalone structure. The nonrecourse loan carried a 10-year term and fixed interest rate. The borrower was not disclosed.