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Julia Sanders

220 S. Wilcox
ColoradoInvestment salesNews

Blue West Capital Arranges $2.8 Million Sale of USPS-Occupied Property Near Denver

by Julia Sanders

Castle Rock, Colo. — Blue West Capital has brokered the sale of a single-tenant building located at 220 S. Wilcox St. in Castle Rock. A California-based 1031 exchange investor acquired the newly constructed asset for $2.8 million. The United States Postal Service occupies the 5,382-square-foot property as a mission-critical financial station that combines retail operations and carrier logistics. Zach Wright and Brandon Gayeski of Blue West Capital represented the seller, a Midwest-based real estate development firm, in the deal.

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Target
LeasingNewsTexas

Target to Open 136,000-Square-Foot Store at Valley Ranch Town Center in Metro Houston

by Julia Sanders

New Caney, Texas — Target will open a 136,000-square-foot store at Valley Ranch Town Center, a 240-acre mixed-use development located in the northeastern Houston suburb of New Caney. The Minneapolis-based retailer joins a tenant roster that includes Kroger, Burlington, Academy Sports + Outdoors, T.J. Maxx, Hobby Lobby and Cinemark Theatres. Karla Smith of SRS Real Estate Partners represented Target in the lease negotiations. Brody Farris represented the landlord, Signorelli Co., on an internal basis. The space is under construction, and a tentative opening date has not yet been established.

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Floor and Decor
Investment salesNewsOhio

Hanley Investment Group Arranges Sale of 118,161-Square-Foot Retail Property in Metro Columbus

by Julia Sanders

Hilliard, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of a 118,161-square-foot, two-tenant retail property located roughly 14 miles outside Columbus in Hilliard. Floor & Decor and Arhaus occupy the property, which is shadow-anchored by Lowe’s Home Improvement within Mill Run Square shopping center. Eric Wohl and CJ Kiehler of Hanley Investment Group, in association with ParaSell Inc., represented the seller, an affiliate of RCG Ventures of Atlanta. Mark Luttner of Luttner Passov Investment Group represented the buyer, a private investor based in Ohio. The sales …

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Miami Gardens
FinanceFloridaNews

MMG Equity Receives $16.8 Million Refinancing for Shopping Center in Miami Gardens

by Julia Sanders

Miami Gardens, Fla. — MMG Equity Partners has received $16.8 million for the refinancing of Miami Gardens Shopping Center, a 117,829-square-foot grocery-anchored shopping center located in Miami Gardens. Chris Drew, Brian Gaswirth and Reid Carleton of JLL Capital Markets secured the financing through Guardian Life Insurance Co. of America on behalf of the borrower. The center was 97 percent occupied at closing by tenants including Presidente Supermarket, Family Dollar, Humana Health, Subway and Amscot.

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LeasingNewsTexas

Weitzman Begins Leasing 40,130-Square-Foot Porter Lake Crossing Retail Project in Katy, Texas

by Julia Sanders

Katy, Texas — Weitzman has begun leasing Porter Lake Crossing, a 40,130-square-foot shopping center under construction in the western Houston suburb of Katy. Cornerstone Development Group is developing the project, which will consist of three multi-tenant buildings and a 6,000-square-foot pad site. Construction of the first building is expected to be complete next fall.

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CaliforniaCompany newsNews

Voyager Group Receives 2021 Gold Maxi Award

by Julia Sanders

San Juan Capistrano, Calif. — Voyager, in partnership with Kemper Development Co., has received a 2021 Gold Maxi award from ICSC for The Bellevue Collection’s “Do Good with Delivery” campaign. The Voyager Group designs brand narratives and creative campaigns for mixed-use, office, retail, hotel and dining developers and leasing teams, such as Alberta Development Partners, Daniels Development Co., DMB Associates, The Irvine Co. and The Mills Corp. Voyager Group clients and projects include 150 Worth Avenue, 1221 Ocean Avenue, The Aesthetic Society, Churchill Management Group, Coca-Cola, Fashion Island, FedEx, Gridiron …

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Citivest
Investment salesMontanaNews

Citivest Commercial, Sage Investco Acquire 116,992-Square-Foot Retail Property in Helena, Montana

by Julia Sanders

Helena, Mont. — Citivest Commercial Investments and Sage Investco have purchased a former department store building in Helena for an undisclosed price. The 116,992-square-foot property also includes two pad development opportunities, with one ground finalized and another in negotiations. Shopko formerly occupied the building, which is situated within a larger center anchored by Albertsons, Target, JoAnn Fabric and Crafts and Ross Dress for Less. The buyers plan to implement a renovation program, which will include updating paint colors, landscaping and signage to maximize the center’s value. The name of the …

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ConnecticutInvestment salesNews

JLL Negotiates $20.2 Million Sale of Retail Center in Suburban New Haven

by Julia Sanders

Wallingford, Conn. — JLL has negotiated the $20.2 million sale of a 160,000-square-foot retail center located in the New Haven suburb of Wallingford. Lowe’s Home Improvement anchors the center, which was fully leased at the time of sale. Nat Heald and Chris Angelone of JLL represented the seller, Davenport Cos., in the transaction. The buyer was not disclosed.

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Wegmans
DevelopmentNewsWashington DC

Wegmans to Open 84,000-Square-Foot Store in Northwest D.C.

by Julia Sanders

Washington, D.C. — Wegmans Food Markets is set to open its first store in Northwest Washington, D.C. The new location will open within the $640 million City Ridge project by Roadside Development and North America Sekisui House, which includes commercial, residential and retail space. The 84,000-square-foot Wegmans will open in summer 2022 and include a Market Café, coffee shop and a casual restaurant called The Burger Bar. The store site will also offer parking below with residential units above. Wegmans now operates 106 stores in seven states, and is set …

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4241
CaliforniaInvestment salesNews

Matthews Brokers $10.1 Million Sale of Rite Aid-Occupied Retail Property in Sacramento

by Julia Sanders

Sacramento, Calif. — Matthews Real Estate Investment Services has arranged the sale of a retail building located at 4241 Marconi Ave. in Sacramento. A private individual sold the property to an undisclosed buyer for $10.1 million. Rite Aid occupies the property. Courtney Haubach, Bill Pedersen and Chad Kurz of Matthews represented the seller and sourced the buyer for the transaction.

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