Tucson, Ariz. — Macerich Co. has completed the disposition of La Encantada, an open-air lifestyle center in Tucson. A group of local investors acquired the property for $165.2 million. Completed in 2003, La Encantada offers 246,256 square feet of retail space. At the time of sale, the property was 93 percent leased to tenants including Crate & Barrel, Tiffany & Co., West Elm, Anthropologie, Athleta, Lululemon, Pottery Barn, Madewell, Warby Parker, Williams-Sonoma, Bluemercury, Barre 3, Core Health & Fitness, Fuchsia Spa and Laseraway, AJ’s Fine Foods, RA Sushi Bar and …
Julia Sanders
Durham, N.C. — White Point Partners has unveiled plans for a 125,000-square-foot mixed-use development in Durham called Horseshoe at Hub RTP. The mixed-use building is part of a larger 100-acre development, Hub RTP, which will be constructed in two phases. Horseshoe at Hub RTP will feature approximately 25,000 square feet of retail space surrounding an outdoor plaza. Upon completion, the project in full will deliver up to 1 million square feet of Class A office space; 200,000 square feet of lab and office space; 75,000 square feet of retail and …
Fontana, Calif. — Progressive Real Estate Partners has signed a new lease with Crazy Boss Big Discount Store at Vineyard Valley Center, a 285,000-square-foot retail center in Fontana. Located at 17099 Valley Blvd., the discount store will open this fall in a 103,157-square-foot anchor space that was formerly occupied by Kmart. Additional tenants at the center include Food 4 Less, Big Lots and dd’s Discounts. Paul Galmarini of Progressive Real Estate Partners and Justin Altemus of The Altemus Co. represented the landlord in the transaction. Galmarini also represented Crazy Boss.
Jacksonville, Fla. — CBRE has arranged the sale of St. Johns Commons, a 71,352-square-foot, Winn-Dixie-anchored shopping center in Jacksonville. Dennis Carson and Casey Rosen of CBRE represented the seller, an affiliate of Phillips Edison & Co., in the transaction. An affiliate of Ash Properties purchased the fully leased center for an undisclosed price.
Atlanta — Puttshack is set to open at High Street, a $2 billion, 36-acre mixed-use development located on the northside of Atlanta. GID Development Group is developing High Street and inked the lease with Puttshack — the first anchor tenant to be announced for the project. The entertainment venue will occupy more than 26,000 square feet of space, featuring four tech-driven mini golf courses, which offer a dining menu and full cocktail bar. The first phase of High Street will break ground this year and is slated to open by …
Sandersville, Ga. — Avison Young has brokered the $4.2 million sale of a 12,089-square-foot, retail property occupied by CVS/pharmacy at 206 S. Harris St. in Sandersville. Chris Maling and David Maling of Avison Young represented the buyer, 710 E. Katella. Cushman & Wakefield represented the seller, a private equity group from New York. Built in 2006, the single-tenant property is situated on just over 1.6 acres of land. CVS/pharmacy has occupied the space since 2006 and has 19 years remaining on its triple net lease.
Kirkland, Wash. — Gantry has arranged a $190 million loan to recapitalize the Carillon Point mixed-use campus in Kirkland. Mike Taylor and Patrick Taylor of Gantry’s Seattle office secured the 15-year loan, which was placed with Principal Real Estate Investors. The name of the borrower was not released. Fronting Lake Washington, the 26-acre property features a mix of Class A office space, a boutique hotel, retail space and a 200-slip marina. Carillon Point totals six buildings and offers 440,000 square feet of mixed-use space, including the 100-room hotel.
San Antonio — Cushman & Wakefield has arranged the sale of Alamo Ranch, a 464,722-square-foot retail center in San Antonio. The property’s tenants include Best Buy, Dick’s Sporting Goods, Ross Dress for Less, Marshalls, Michaels, Ulta Beauty, PetSmart and OfficeMax. In addition, the center is shadow anchored by Super Target, Lowe’s Home Improvement and J.C. Penney. Margaret Jones, Lane Breedlove, Chris Harden and Kris Von Hohn of Cushman & Wakefield brokered the deal on behalf of the undisclosed seller. Big V Property Group acquired Alamo Ranch for an undisclosed price.
Miramar, Fla. — RK Centers has acquired Park View Square, a 70,000-square-foot shopping center located roughly 22 miles outside Miami in Miramar, for $15.7 million. Dennis Carson of CBRE represented the seller, Philips Edison & Co., and the buyer in the transaction. The property is anchored by Winn-Dixie and will be renamed as RK Park View Square following the acquisition.
Lake Mary, Fla. — Avanti Way Capital has acquired Shoppes at Lake Mary, a 37,685-square-foot shopping center located in Lake Mary, from Galium Capital for $8.4 million. Dan Gorczycki and Peter Stobierski of TrueRate Services secured a $5.4 million acquisition loan on behalf of the buyer through Morgan Stanley. The center was 94 percent leased at the time of sale to tenants including Lake Mary Dry Cleaners, Debs Kitchen, Lighthouse Seafood, Morganic Meats and Foxcase LLC. The property has 175 parking spaces.