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Julia Sanders

Frontier Justice
Investment salesKansasNews

MAG Capital Partners Acquires 30,000-Square-Foot Retail Building in Kansas City Via Sale-Leaseback Transaction

by Julia Sanders

Kansas City, Kan. — In a sale-leaseback transaction, MAG Capital Partners LLC has acquired a 30,000-square-foot retail building occupied by Frontier Justice in Kansas City. Frontier Justice, a retail destination founded in 2015 by Mike and Bren Brown, offers firing ranges, a café and an exclusive fashion boutique that sells a variety of men’s and women’s apparel, jewelry and home décor. Judd Dunning of DWG Capital Group arranged debt financing for MAG Capital Partners, which is led by Dax Mitchell and Andrew Gi.

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FloridaInvestment salesNews

CBRE Arranges Sale of Pointe at Kendal Town Center in Miami

by Julia Sanders

Miami — CBRE has arranged the sale of Pointe at Kendall Town Center, a retail center located on Kendall Drive and SW 162nd Ave. in Miami. Built in 2019, the property was fully leased at the time of sale and includes five outparcels ground leased to tenants including Texas Roadhouse, Panera Bread, Olive Garden, Sanitas Medical Center and Walk On’s. Dennis Carson and Casey Rosen of CBRE represented the undisclosed seller in the transaction.

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Tom Georges
SCBlog

What ALDI’s Rapid Expansion Means for Net Lease Investors

by Julia Sanders

The pandemic put a spotlight on essential retailers, and despite a resurgence across nearly all retail categories, the grocery sector remains top of mind for investors. Shopping Center Business recently reached out to Tom Georges, director in Stan Johnson Co.’s New York office, to discuss current trends impacting the single- and multi-tenant grocery industry and explore why European discount grocer ALDI has emerged as a growth leader. SCB: How strong is demand for grocery retailers in today’s market? Why? Georges: Over the past two years, several retail categories have proven …

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Willowchase
Investment salesNewsTexas

Wu Properties Acquires 231,126-Square-Foot Shopping Center in Northwest Houston

by Julia Sanders

Houston — Wu Properties has acquired Willowchase Center, a 231,126-square-foot shopping center that sits on a 19.5-acre site in northwest Houston. The property was 97 percent leased at the time of sale, with Hispanic grocer Fiesta serving as its anchor. Other tenants include dd’s DISCOUNTS, Jo-Ann Fabrics, Goodwill, Northern Tool + Equipment, Mattress Firm, Family Dollar, America’s Best, Jamboree Dentistry and Metro PCS. Ryan West, Chris Gerard, John Indelli, Katherine Miller, Bailey Black and Grant Rexrode of JLL represented the seller, Fidelis Realty Partners, in the transaction. Wu Properties has …

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Charter Colony
Investment salesNewsVirginia

Cushman & Wakefield Arranges Sale of 71,741-Square-Foot Grocery-Anchored Shopping Center in Metro Richmond

by Julia Sanders

Midlothian, Va. — Cushman & Wakefield has arranged the sale of Charter Colony, a 71,741-square-foot grocery-anchored shopping center in Midlothian, about 14 miles from Richmond. John Owendoff of Cushman & Wakefield, in conjunction with Eric Robison and Catharine Spangler of Cushman & Wakefield | Thalhimer, represented the seller in the transaction. Michael Zelin and Marshall Scallan of Cushman & Wakefield will secure post-acquisition financing on behalf of the buyer. Built in 2015, Charter Colony was 98 percent leased at the time of sale to tenants including anchor Publix.

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CaliforniaLeasingNews

Whole Foods Market Opens 64,737-Square-Foot Store in San Francisco

by Julia Sanders

San Francisco, Calif. — Whole Foods Market has opened a 64,737-square-foot flagship store at Trinity Place in San Francisco’s Mid-Market neighborhood. Located at 1185 Market St., the store offers more than 3,700 local products; a selection of 714 wines; 300 craft beers and 150 spirit offerings; a wellness and beauty section featuring more than 50 local products; full-service seafood counter; full-service butcher; and a bakery.

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Retail property
FloridaInvestment salesNews

Brickell Station Partners Sells Retail Building in Downtown Miami for $20.1 Million

by Julia Sanders

Miami — Brickell Station Partners has sold a retail property in Miami to Gazit Horizons for $20.1 million. Hector Antunez and Juan Andres Nava from Metro 1 represented Brickell Station Partners, and Fabian Graff of Metro 1 represented Gazit Horizons. The building, located in downtown Miami’s Brickell neighborhood, is currently home to Toasted Bagelry & Deli, Talkin’ Tacos, CBD American Shaman and Stanzione 87 pizzeria.

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Investment salesNew YorkNews

Palomar Group Arranges Sale of 53,642-Square-Foot Shopping Center in Southern New York

by Julia Sanders

Olean, N.Y. — The Palomar Group has arranged the sale of Shops at Walmart Plaza, a 53,642-square-foot shopping center in Olean. Shadow-anchored by Walmart, the center was 94 percent leased at the time of sale to tenants such as Old Navy, Pet Supplies Plus, GameStop, GNC, Supercuts, Spectrum and The Shoe Depot. Palomar Group represented the seller, Tabani Group, which sold the property to a private investor based in the Boston area for $12 million.

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Firestone
Investment salesMichiganNews

Boulder Group Arranges $4.1 Million Sale of Firestone-Occupied Property in Metro Detroit

by Julia Sanders

Lake Orion, Mich. — The Boulder Group has arranged the $4.1 million sale of a single-tenant retail property occupied by Firestone in Lake Orion, about 38 miles north of Detroit. The net-leased, 6,116-square-foot building is located at 25 Indianwood Road. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based real estate developer. A Southeast-based private real estate investor was the buyer.

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CaliforniaFinanceMissouriNews

BridgeCore Funds $3.6 Million Loan for 7-Eleven Location in California, Taco Bell in Missouri

by Julia Sanders

Santa Ana, Calif. and Warsaw, Mo. — BridgeCore has funded a $3.6 million bridge loan to finance the purchase of a to-be-built retail building that 7-Eleven will occupy in Santa Ana. The loan was cross-collateralized with a Taco Bell-occupied property in Warsaw. The name of the borrower was not released. The loan features a 12-month term with six months of yield maintenance, which will allow the seller of the 7-Eleven property to complete its construction of the build-to-suit on behalf of the borrower and meet its delivery obligations to 7-Eleven.

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