Wednesday, November 27, 2024
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Julia Sanders

Vista Terrace
CaliforniaInvestment salesNews

Black Lion Divests of Final Parcel of Vista Terrace Marketplace in California

by Julia Sanders

Vista, Calif. — Black Lion Investment Group has completed the sale of the fifth and final parcel of Vista Terrace Marketplace, a retail property in Vista. Crow Holdings acquired the two-acre parcel, which features 28,440 square feet of retail space, for $13.3 million. Vista Terrace Marketplace is currently 90 percent occupied by tenants including Jersey Mike’s Subs, Pacific Dental, Sports Clips and Discovery Preschool. Gleb Lvovich and Daniel Tyner of JLL’s Capital Markets team handled the transaction.

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Dawson Forest
GeorgiaInvestment salesNews

Stan Johnson Co. Arranges $1.7 Million Sale of Shopping Center in North Georgia

by Julia Sanders

Dawsonville, Ga. — Stan Johnson Co. has arranged the sale of Dawson Forest Shopping Center, a 10,100-square-foot shopping center located at 802 Georgia Highway 400 South in Dawsonville. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the private, Atlanta-based buyer in the acquisition of the property from an undisclosed seller for $1.7 million. Built in 1998 and renovated in 2018, the center was 72 percent occupied at the time of sale.

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LeasingMassachusettsNews

Wayfair to Open Three Brick-and-Mortar Stores in Metro Boston

by Julia Sanders

Boston — Wayfair will open three brick-and-mortar stores in the Boston area in 2022. The first two stores will be located within open-air centers owned by WS Development in Lynnfield and Dedham, and will carry the company’s AllModern brands. The third store will be located within Simon Property Group’s Burlington Mall and will carry the company’s Joss & Main brand. Wayfair plans to open more stores to support other brands over the next two years.

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Sharon Mass
LeasingMassachusettsNews

Fitness Tenant Opens at 103,000-Square-Foot Retail Center in Eastern Massachusetts

by Julia Sanders

Sharon, Mass. — Burn Boot Camp has opened in a 5,000-square-foot space at Sharon Marketplace, a 103,000-square-foot grocery-anchored retail center owned by Capital Group Properties in Sharon. The shopping center is fully leased to tenants including Shaw’s Grocery Store, Liquor World, Dunkin’, Citizens Bank, KinderCare Childcare Services, TT Nail Salon, Kumon Learning Center and Marathon Physical Therapy.

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Kingsbury Center
IllinoisLeasingNews

Edie’s All Day Café & Bar to Open Second Location in Chicago

by Julia Sanders

Chicago — Edie’s All Day Café & Bar has signed a lease for approximately 4,000 square feet of ground-floor space at Kingsbury Center in Chicago. Scheduled to open in spring 2022, the new location is Edie’s second in Chicago’s River North neighborhood. Edie’s will offer a café, restaurant, workspace and wine bar. Kingsbury Center is a six-story, 90,689-square-foot office building owned by an affiliate of Next Realty LLC and The Habitat Co. David Goldberg and Allan Perales of Goldstreet Partners represented Edie’s in the lease transaction.

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Block 23
ArizonaInvestment salesNews

JLL Brokers $150 Million Sale of Block 23 Office Property in Downtown Phoenix

by Julia Sanders

Phoenix — JLL Capital Markets has brokered the sale of Block 23 in downtown Phoenix for $150 million. Completed in 2019, the property consists of 307,030 square feet of Class A office, retail and amenity space. Located at 101 E. Washington St., Block 23 is 95 percent occupied by tenants such as Western Alliance Bank, EY and Chase. The asset is immediately adjacent to CityScape Phoenix, a new 1.2 million-square-foot mixed-use property, and is directly across from Footprint Center where the Phoenix Suns play. Block 23 is home to Fry’s …

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Jack in the Box
CaliforniaCompany newsNews

Jack in the Box, Del Taco Enter into $575 Million Merger Agreement

by Julia Sanders

San Diego and Lake Forest, Calif. — Jack in the Box Inc. (NASDAQ: JACK) and Del Taco Restaurants (NASDAQ: TACO) have entered into a merger agreement valued at approximately $575 million, inclusive of existing debt. Under the terms of the agreement, Jack in the Box will acquire Del Taco for $12.51 per share in cash. The deal, which is expected to close in the first quarter of 2022, would yield a company with more than 2,800 restaurants across 25 states. In addition, the new entity plans to grow its store …

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Investment salesNewsTexas

JLL Negotiates Sale of 271,157-Square-Foot Regional Power Center in Metro Houston

by Julia Sanders

Richmond, Texas — JLL has negotiated the sale of The Shops of Bella Terra, a 271,157-square-foot regional power center in the southwestern Houston suburb of Richmond. Built in phases between 2008 and 2013, the property was 93 percent leased at the time of sale to tenants such as 24 Hour Fitness, Total Wine & More, Best Buy, Five Below, Ulta Beauty, Chick-fil-A and Whataburger. Barry Brown, Adam Howells, George Cushing, Wendy Vandeventer, Ethan Goldberg and Erin Lazarus of JLL represented the undisclosed seller in the transaction. Colby Mueck, James Brolan …

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River Marketplace
Investment salesLouisianaNews

GBT Realty Buys 168,000-Square-Foot Shopping Center in Lafayette, Louisiana

by Julia Sanders

Lafayette, La. — GBT Realty Corp. has bought River Marketplace, a 168,000-square-foot shopping center located at 4313 Ambassador Caffery Parkway in Lafayette. Jim Hamilton, Ryan Shore, Ryan West, Brad Buchanan and Taylor Callaway of JLL represented the seller, RBL Real Estate, in the transaction. Developed in 2003, River Marketplace includes multi-tenant buildings and six freestanding outparcels. Shadow-anchored by Super Target, the center was 99 percent leased at the time of sale to tenants including Total Wine & More, Ross Dress for Less, Raising Cane’s and Chili’s Grill & Bar.

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1st Street
IllinoisInvestment salesNews

Colliers Arranges Sale of Mixed-Use Development Near Chicago

by Julia Sanders

St. Charles, Ill. — Colliers Chicago has arranged the sale of 1st Street Development, a mixed-use development in the heart of St. Charles, about 40 miles west of Chicago. The five-building asset consists of retail, office and residential space. The properties include: The Plaza, a two-story retail and office building; Ale Building, a four-story office and retail asset; River Loft, a five-story office, retail and condo property; Sterling Building, a five-story office and condo building; and Building 7A, a three-story retail and residential asset. The property was 97 percent leased …

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