Falls Church, Va. — Three new retailers are set to open at Birch & Broad, a 144,000-square-foot shopping center currently undergoing renovations in Falls Church. New retailers set to open in 2022 include Crumbl Cookies, Bolay Fresh Bold Kitchen and Aqua-Tots Swim Schools. Crumbl Cookies plans to open in March 2022 and will occupy a 1,597-square-foot space between Jersey Mike’s Subs and Domino’s Pizza. Bolay Fresh Bold Kitchen is set to open within a 2,972-square-foot space near Plaka Grill and Pacific Dental Services LLC. Aqua-Tots Swim Schools will occupy a …
Bentonville, Ark. — Walmart Inc. (NYSE:WMT) posted growth in earnings during its fiscal third quarter of 2021, which ended Oct. 31. Walmart’s total revenue was $140.5 billion, an increase of 4.3 percent from a year earlier when it was $134.7 billion. These numbers were also higher than Wall Street’s predictions of $135.6 billion, according to CNBC. According to Refinitiv, the discount retailer’s earnings per share were $1.45 adjusted versus $1.40 expected. Additionally, Walmart’s e-commerce sales increased 8 percent during the fiscal third quarter and 87 percent over a two-year period. …
Phoenix — SRS Real Estate Partners’ Investment Properties Group (IPG) has brokered the $65.8 million sale of Arcadia Crossing, a 453,457-square-foot grocery-anchored center located at 44th Street and Thomas Road in Phoenix. Chris Tramontano, John Redfield, Mike Polachek and Brian Polachek of SRS IPG represented the seller, a Phoenix-based family office. Pinnacle Real Estate Partners represented the buyer, a Denver-based family office. Mike Polachek and Brian Polachek with SRS Real Estate Partners are the leasing team for the property. Situated on 44 acres, Arcadia Crossing was 95 percent leased at …
Miami Gardens, Fla. — Marcus & Millichap has brokered the $47 million sale of a two-property, 198,885-square-foot retail portfolio in Miami Gardens. The properties in the portfolio include Las Villas Market Square and Miami Gardens Shopping Plaza. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, a private Miami Beach-based ownership group. Olson and Kristol also procured the buyer, a Brooklyn-based private investment group. Robert Bhat of Marcus & Millichap Capital Corp. arranged $35 million in financing for the acquisition of the two shopping centers. Located on …
Fort Lauderdale, Fla. — CBRE has arranged the $17.1 million sale of Galleria Plaza, a 24,807-square-foot, multi-tenant retail center in Fort Lauderdale. David Donnellan and Patricia Friend of CBRE represented the seller, Sunrise Investment Properties LLC, a Florida-based entity managed by Stiles Corp., in the transaction. Paul Ahmed and Mackenzie Lampman of CBRE Capital Markets secured acquisition financing on behalf of the buyer, Shawnick Galleria LLC, an entity affiliated with a California-based private investor. The long-term fixed rate loan was placed through an undisclosed life insurance company. Galleria Plaza is …
Doral, Fla. — Three new retailers have joined the tenant lineup at Westend on 87th Shopping Center in Doral. The latest businesses to join the shopping center are Idaca Imaging & Radiology Center; Cuz Miami, a technology focused event company showroom; and Tartara & Alemana, a Venezuelan food truck. With the three new tenants, Westend on 87th is now almost fully occupied with 29 of 34 spaces leased. The property is home to tenants including Sushi Sake, Diced, Manny’s Woodhouse Grill, Eparepa, Dunkin Donuts, Sabor Havana Cigars, Vape & Smoke, …
Sanford, Fla. — Elev8 Fun, an entertainment concept with go-karts, bowling, arcades and laser tag, plans to open its first location in Sanford. Scheduled to open early next month at 320 Towne Center Circle in Seminole Towne Center, the flagship location will feature more than 125,000 square feet of space and two floors of entertainment. Attractions at the location will include a multi-level go-kart track; an arcade with over 150 retro arcade games; 12 full-sized bowling lanes; laser tag; interactive mini golf; a ropes course; and a full-service restaurant.
Hemet, Calif. — SRS Real Estate Partners has arranged the sale of Shops at KPC Towne Centre, located at 2375-2465 W. Florida Ave. in Hemet. A southern California-based private family trust sold the center to a Los Angeles-based private investor for $9.5 million. Situated on two acres, the three-building property features 20,167 square feet of retail space. At the time of sale, eight tenants fully occupied the center. Matthew Mousavi, Patrick Luther and Max Sabino of SRS’ National Net Lease Group represented the seller, while Jason Paukovits of Dream Realty …
St. Charles, Mo. — St. Louis Funny Bone Comedy Club has opened a new location at the Streets of St. Charles, a 27-acre mixed-use development in suburban St. Louis. The family-owned comedy club has operated in St. Louis for more than 30 years. The club hosts talent from the St. Louis area as well as nationally touring comedians and hosts a weekly open mic night on Tuesdays. Jerry Kubach is the club’s owner. Cullinan Properties Ltd., the owner of Streets of St. Charles, also unveiled new tenants at the property …
Pinellas Park, Fla. — Red Ribbon Bakeshop Inc., a Philippines-based bakery brand, has opened a new store in Pinellas Park. The Pinellas Park store was the bakery’s first location in the state of Florida and the 34th store in the country to open. Located at 4053 Park Boulevard N., the store offers cakes as well as sweet and savory pastries such as the Chicken Empanada and the Butter Mamon.