East Point, Ga. — Mynd Match Development Group LLC has announced plans to develop The Commons, a $111 million mixed-use project in downtown East Point, about 7 miles south of downtown Atlanta. Last month, the East Point City Council voted to enter a development agreement with Mynd Match for the project. The development will sit on a 9-acre site and feature commercial, retail and residential space, alongside green space and public art. The project team includes TVS as architect and urban planner and Choate Construction as general contractor. CoRErep will …
Montgomery, Ala. — Crayton Commercial LLC has acquired Sturbridge Village Shopping Center, an 87,480-square-foot retail center in Montgomery. Built in 1994 on 10 acres of land, the center is anchored by a 45,000-square-foot Winn-Dixie grocery store and pharmacy. The center is also home to tenants including Bedzzz Express, Chicken Salad Chick, Marco’s Pizza and GiGi’s Cupcakes. LeRoy McEntire of ARC Realty of Montgomery brokered the transaction. Michael Holshouser of Pinnacle Financial Partners provided an undisclosed amount of funding for the sale.
Cary, N.C. — Paragon Theaters is set to reopen the company’s theater and dine-in cinema at Parkside Town Commons following renovations. The property is located at 1140 Parkside Main St. in Cary, about 12 miles from Raleigh. Renovations to the theater include the addition of zero-gravity, electronically-operated recliners with footrests; box VIP areas in each movie auditorium; full-service mobile ordering for in-theater dining; a kitchen and bar with food and cocktails; 16 bowling lanes; and an arcade. The remodeled property will also include an auditorium with a 66-foot-wide screen tilted …
New York City — Ghost kitchen operator Kitchen United has opened a 6,400-square-foot space at 307 W. 38th St. in Midtown Manhattan where it will offer takeout and delivery of brands such as Wingstop, Jersey Mike’s Subs and Chili’s. The location is the third in New York City for Kitchen United, which also recently acquired software and ghost kitchen developer Zuul. The acquisition saw Zuul’s existing locations in the Soho and Hudson Yards neighborhoods rebranded as a Kitchen United MIX centers last month.
Grove City, Ohio — JLL Capital Markets has arranged the $17.7 million sale of Derby Square, a 125,250-square-foot neighborhood shopping center in Grove City, about 10 miles from Columbus. Amy Sands, Clinton Mitchell, Michael Nieder and Bill Poffenberger of JLL represented the seller, a joint venture between Madison International Realty and SITE Centers Corp. A private buyer based in the Midwest acquired the asset. Derby Square was 99 percent leased at the time of sale to tenants including Giant Eagle, Once Upon a Child, Plato’s Closet, Novacare Rehabilitation, Salon Lofts, …
Millville, N.J. — Irgang Group has acquired Union Lake Crossing, a 393,000-square-foot shopping center located on a 43.4-acre site in Millville, a city in southern New Jersey. Ben Bruner of the Bruner Group represented Irgang Group. Chris Munley, James Galbally and Colin Behr of JLL Capital Markets represented the seller, Goodman Properties. Built in 2006, Union Lake Crossing is shadow-anchored by Target and anchored by a recently expanded and remodeled Shop-Rite supermarket, Kohl’s and Ross Dress For Less. Other tenants include Famous Footwear, Party City, Five Below, Buffalo Wild Wings, …
Atlanta — Jamestown has expanded the Central Food Hall at Ponce City Market, a mixed-use development located in Atlanta. The new wing adds 5,000 square feet to the food hall, which will be home to restaurants and retailers including Nani’s Piri Piri Chicken, JJ’s Flower Shop, VIỆTVANA, Spicewalla Storefront and Umbrella Bar. Nani’s Piri Piri Chicken and JJ’s Flower Shop opened on Nov. 29; VIỆTVANA will open during the month of December; and Spicewalla Storefront and Umbrella Bar will open early next year. While Spicewalla’s new storefront is being built, …
Sandy Springs, Ga. — CBRE has brokered the sale of The Shoppes at Arabelle Perimeter, a 17,199-square-foot street-front retail condominium in Sandy Springs, about 17 miles north of downtown Atlanta. Located at 1110 Hammond Drive, the property occupies the ground floor of a 384-unit multifamily building called Arabelle Perimeter situated at the corner of Hammond Drive and Peachtree Dunwoody Road. Developed in 2017, the retail condominium is home to tenants including Grub Burger Bar, Just Love Coffee, Rush Bowls and Local Wood Fired Grill. A real estate fund advised by …
Boca Raton, Fla. — Sprouts Farmers Market is set to open a 25,837-square-foot store at Shadowwood Square, a 220,426-square-foot retail center in Boca Raton. The space was formerly occupied by Stein Mart. Terranova Corp. arranged the 15-year lease deal with Sprouts, which is set to open next year. Located at 9789 Glades Road, the retail center is home to tenants including Bed Bath & Beyond, Old Navy and Regal Cinemas.
Bolingbrook, Ill. — DD’s Discounts is set to open an 18,000-square-foot store at Market Square Shopping Center in the Chicago suburb of Bolingbrook. Other tenants at the property include Walmart, Dollar Tree, Wintrust Bank and T-Mobile. Michael Horne of Newcastle Properties represented the property’s ownership on an internal basis. Andy Bulson of Mid-America Real Estate represented the tenant.