Elberton, Ga. — Bealls Outlet has signed a 17,000-square-foot lease for its first location in Elberton. The store’s new location will be at The Shopper’s Center in Elberton, a 43,273-square-foot shopping mall located 33 miles west of Athens, Georgia. Sam Krueger and Kaitlyn Theriot of Franklin Street represented the landlord, Vanguard Associates, while Monetha Cobb, Maggie Coppage and Sterling Hale of Franklin Street represented Bealls Outlet. The lease brings The Shopper’s Center to full occupancy. Bealls will co-anchor the center along with Tractor Supply with plans to take occupancy in …
Lenexa, Kan. — Topcoat Nail Bar has opened at The District at Lenexa City Center in Kansas. Topcoat’s new space spans 2,000 square feet and is located on the south side of City Center Drive. Topcoat provides a full suite of nail and waxing services. Erin Johnston of Copaken Brooks represented ownership on an internal basis. When fully developed, Lenexa City Center will consist of more than 2 million square feet, including civic components for the City of Lenexa; nearly 1 million square feet of office and retail space; and …
Massapequa, N.Y. — Cedar Realty Trust (NYSE: CDR) has agreed to sell the company and its portfolio of assets through several transactions totaling $1.2 billion. The Massapequa-based firm’s portfolio includes 53 properties with approximately 7.6 million square feet of gross leasable space. Properties are predominantly located across high-density markets in New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, Washington, D.C., Virginia, Maryland and Delaware. A fund managed by DRA Advisors and KPR Centers will acquire a portfolio of 33 grocery-anchored shopping centers from the company for $840 million. Cedar also agreed …
Atlanta and Fort Lauderdale, Fla. — Atlanta-based furniture retailer The Aaron’s Co. has agreed to acquire BrandsMart USA. for $230 million. BrandsMart is an appliance and consumer electronics retailer with 10 stores in Florida and Georgia. For the 12 months that ended Dec. 25, 2021, the Fort Lauderdale, Florida-based company generated $757 million in revenue. The transaction is subject to closing adjustments and is expected to close during the second quarter. Upon closing, BrandsMart will report to Aaron’s president, Steve Olsen, and will continue to be headquartered in Fort Lauderdale. …
Columbus, Ohio — First National Realty Partners has acquired Consumer Square West in Columbus. The 218,000-square-foot shopping center is situated on 25 acres along Soldano Boulevard. A 65,000-square-foot Kroger store anchors the center. Other tenants include Planet Fitness, Rainbow Apparel, Dollar Tree, Shoe Show, Bargain Hunt, Pet Supplies Plus and Sally Beauty. Scott Wiles of Marcus & Millichap represented the undisclosed seller in the transaction.
Denver — Monfort Cos. has completed the sale of 1946 Market Street, a 22,000-square-foot retail building leased to Dierks Bentley’s Whiskey Row in Denver’s LoDo neighborhood. Jim Blumenthal, a local real estate investor, acquired the property for $24 million. Brett MacDougall and Michael DeSantis of Unique Properties represented the buyer. Monfort Cos. and Riot Hospitality Group will continue to lease and operate the property, which recently underwent renovations that included a 6,000-square-foot addition.
Nanuet, N.Y. — IDB Bank has provided a $19 million loan for the refinancing of a 220,000-square-foot retail property located north of New York City. The property, which formerly housed a Macy’s but is now anchored by home improvement retailer At Home, sits adjacent to Shops at Nanuet, an outdoor lifestyle center owned by Simon Property Group. Chris Kramer, Dustin Stolly and Jordan Roeschlaub of Newmark placed the loan with IDB Bank on behalf of the borrower, a partnership between Metropolitan Realty Associates and Angelo Gordon that acquired the property …
Columbus, Ohio — Mid-America Real Estate Corp. has brokered the sale of Market at Stelzer in Columbus. Giant Eagle anchors the 116,707-square-foot shopping center. Other tenants include Subway, Wingstop, WellNow Hometown Urgent Care, El Rodeo Mexican restaurant, The UPS Store and Marco’s Pizza. Joe Girardi and Emily Gadomski of Mid-America, along with Andrew Montooth of Newmark, represented the seller, Continental Real Estate Cos. The property sold to a private buyer.
Boynton Beach, Fla. — SJC Ventures has signed a new lease with Whole Foods Market at Boynton Beach Marketplace, a 69,204-square-foot shopping center development underway in Boynton Beach. Located at 7499 W Boynton Beach Blvd., the property is expected to house sit-down restaurants, fast-casual eateries, service establishments and boutique fitness options. A timeline for the project was not disclosed.
Wellesley, Mass. — Linear Retail Properties has acquired two buildings totaling 17,000 square feet in Wellesley, located 17 miles from Boston, for a combined price of $12.2 million. The two-story building at 25-35 Central St. houses 8,500 square feet of retail space that is leased to Footstock, Laurel Grove, Marika’s Salon, Skinscapes and Winston Flowers, as well as 2,500 square feet of residential space. The building at 53-61 Central St. spans 6,000 square feet of retail space that is leased to Cocobeet, Eileen Fisher, Lacrosse Unlimited, O’Neil Jewelers and Wellesley …