Tuesday, November 26, 2024
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Julia Sanders

Chino Hills Plaza
CaliforniaInvestment salesNews

Hanley Investment Group Arranges Sales of Two Retail Properties in Southern California

by Julia Sanders

Chino Hills, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two multi-tenant retail properties in Chino Hills for a combined $19.1 million. Ed Hanley, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, VantageOne Real Estate Investments, in both transactions. The first transaction included the $11.4 million disposition of Chino Hills Grand Plaza to a Burbank, California-based private investor. The 12,948-square-foot retail building was leased to First Citizens Bank, Pacific Dental Services, It’s Boba Time and Pick Up Stix at the time …

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Investment salesNewsOklahoma

Stan Johnson Co. Arranges $7.3 Million Sale of Tulsa Retail Property Leased to CVS/pharmacy

by Julia Sanders

Tulsa, Okla. — Stan Johnson Co. has arranged the $7.3 million sale of a 13,225-square-foot retail property in Tulsa leased to CVS/pharmacy. The property was built in 2011. B.J. Feller of Stan Johnson Co. represented the seller in the transaction. A California-based institutional investor acquired the property. The deal traded at a cap rate of 5.25 percent and was executed via a 1031 exchange.

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Camp North End
LeasingNewsNorth Carolina

BayHaven Restaurant Group to Open Four Restaurants at Charlotte’s Camp North End

by Julia Sanders

Charlotte, N.C. — BayHaven Restaurant Group plans to open four restaurants at Camp North End, a mixed-use development currently underway in Charlotte. Passage Seafood, The Abyss, Bird Is The Word and B.A.D. (Beyond Amazing Donuts) are expected to open this summer. B.A.D. and Bird Is The Word will be situated next to each other in a 1,400-square-foot space; Passage Seafood will occupy 2,000 square feet; and The Abyss will occupy 1,300 square feet. Passage Seafood and The Abyss will offer indoor and outdoor dining space. Developed by ATCO Properties & …

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Pearson Ranch
DevelopmentNewsTexas

Inspire Development Breaks Ground on $2 Billion Mixed-Use Campus in Northwest Austin

by Julia Sanders

Austin, Texas — Inspire Development, an Austin-based developer of residential and commercial properties, has broken ground on the first phase of Pearson Ranch, a new mixed-use campus in northwest Austin. The $2 billion project will include 2.6 million square feet of new office space; 200,000 square feet of stores, restaurants and community and cultural spaces; two hotels; thousands of high-end residences; and 30 acres of park land. Phase I of Pearson Ranch will span 41 acres and feature approximately 600,000 square feet of office space, three high-end apartment communities and …

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Turner Hill Marketplace
GeorgiaInvestment salesNews

Palomar Group Arranges $16.8 Million Sale of Shopping Center in Metro Atlanta

by Julia Sanders

Stonecrest, Ga. — The Palomar Group has arranged the sale of Turner Hill Marketplace, a 124,294-square-foot shopping center in Stonecrest, about 21 miles east of downtown Atlanta. A joint venture between M Street Holdings and Highline Real Estate Capital acquired the property for $16.8 million. The Palomar Group represented the seller, RCG Ventures, in the transaction. Built in 2001 and renovated in 2017, Turner Hill Marketplace was fully occupied at the time of sale by tenants such as Burlington, American Signature Furniture and Chapel Beauty.

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Investment salesNewsTexas

Disney Investment Group Arranges Sale of 128,394-Square-Foot Shopping Center in Metro Dallas

by Julia Sanders

McKinney, Texas — Disney Investment Group has arranged the sale of Craig Crossing, a 128,394-square-foot shopping center in the northern Dallas suburb of McKinney. Anchored by Club 4 Fitness, Boot Barn and Chair King, Craig Crossing was 90 percent leased at the time of sale. Other tenants include Half Price Books, Sport Clips, Fuzzy’s Taco Shop, AT&T Wireless and America’s Best Eyeglasses. David Disney and Adam Crockett of DIG represented the seller, Centcom Realty Corp., and procured the buyer, ALTO Real Estate Funds, in the transaction.

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Lake City Commons
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $11.9 Million Sale of Kroger-Anchored Shopping Center in Metro Atlanta

by Julia Sanders

Lake City, Ga. — Marcus & Millichap has brokered the $11.9 million sale of Lake City Commons, a 91,494-square-foot, Kroger-anchored shopping center in Lake City, roughly 13 miles south of Atlanta. Zach Taylor of Marcus & Millichap’s Taylor-McMinn Retail Group represented the seller, SomeraRoad, in the transaction. The buyer, Forge Capital, assumed the property’s existing CMBS debt with the acquisition.

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Investment salesNewsTennessee

Matthews Negotiates $11.8 Million Sale of Shopping Center in Metro Nashville

by Julia Sanders

Franklin, Tenn. — Matthews Real Estate Investment Services has negotiated the $11.8 million sale of Carothers Crossing, a shopping center located roughly 22 miles outside Nashville in Franklin. Hutt Cooke and Clay Smith of Matthews Real Estate Investment Services represented the undisclosed seller in the transaction. The buyer was also not disclosed. Carothers Crossing was fully occupied at the time of sale by tenants such as Starbucks Coffee, FirstBank and Pacific Dental.

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REI
IllinoisInvestment salesNews

Quantum Arranges Sale of REI-Occupied Retail Property in Suburban Chicago

by Julia Sanders

Orland Park, Ill. — Quantum Real Estate Advisors Inc. has arranged the sale of a single-tenant retail building occupied by REI in Orland Park, a southern suburb of Chicago. The property was fully renovated in 2021 and leased to REI on a long-term net lease. Chad Firsel of Quantum represented the seller, a Chicago-based development group. George Pino of Commercial Brokers International represented the buyer, a California-based private investor.

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DevelopmentKansasNews

Construction Underway on 6,000-Square-Foot Retail Pad Near Oak Park Mall in Metro Kansas City

by Julia Sanders

Overland Park, Kan. — Block & Co. is set to break ground on a 6,000-square-foot retail pad development near Oak Park Mall in Overland Park, roughly 11 miles outside Kansas City. Demolition is currently underway on an existing 34,371-square-foot office building at the site. Announced tenants include IHOP, which will occupy a 4,500-square-foot space; and Paris Baguette, which will open within a 1,500-square-foot space. Negotiations are also underway with a national bank to occupy the corner pad. Alex Block of Block & Co. Inc. Realtors represented both IHOP and Paris …

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