Boynton Beach, Fla. — CBRE has arranged the $8.2 million sale of Marathon Plaza, a 42,298-square-foot unanchored retail center located in Boynton Beach. Tenants including Panera Bread, Visionworks and Plato’s Closet occupied the center at the time of sale. David Donnellan and Patricia Friend of CBRE represented the seller, GOA Properties, in the disposition of the center to Shoppes at Boynton LLC, an entity affiliated with South Florida-based private investor Michael Janoura.
New York City — Foot Locker Inc. (NYSE: FL) has acquired Eurostar Inc., the operator of WSS stores primarily located on the West Coast, for $750 million. WSS will maintain its name, operating as a new brand within Foot Locker’s portfolio. The New York City-based company has also appointed Anthony Aversa to the role of chief operating officer at WSS in conjunction with the acquisition. Aversa will oversee the brand’s market planning, real estate and customer experience functions. Evercore served as financial advisor to Foot Locker and Skadden, Arps, Slate, …
Atwater, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Atwater Marketplace, a fully-occupied, 96,224-square-foot shopping center anchored by Save Mart Supermarkets and CVS/pharmacy in Atwater. Kevin Fryman and Eric Wohl of Hanley Investment Group represented the seller, Phillips Edison & Co. Inc. The buyer was a private investor based in Los Angeles and was represented by Brett Visintainer of Visintainer Group. Additional tenants at Atwater Marketplace include Ace Cash Express, Baskin Robbins, Chase, Chinese Kitchen, Freeway Insurance, GameStop, Great Clips, Merco Credit Union, Rabobank, RE/MAX, …
Aurora, Ill. — JLL Capital Markets has brokered the sale of Prairie Point Shopping Center, a 91,535-square-foot property located about 40 miles west of Chicago in Aurora. Mariano’s Fresh Market anchors the center, which is also home to tenants including Pet People, Prairie Point Dental, Buchar Family Chiropractic and Hair Cuttery. Clinton Mitchell, Amy Sands and Michael Nieder of JLL represented the seller, Walton Street Capital.
Vineland, N.J. — Cronheim Mortgage has arranged a $9.6 million acquisition loan for Maintree Shopping Center, a 140,000-square-foot grocery-anchored retail property located in the Southern New Jersey city of Vineland. Andrew Stewart and David Poncia of Cronheim Mortgage arranged the fixed-rate loan, which carried a five-year term and a 25-year amortization schedule, on behalf of the borrower, Aspen Real Estate. The property was 80 percent leased at the time of the loan closing. The direct lender was an undisclosed, Philadelphia-based credit union.
Waltham, Mass. — Floor & Décor will open a 70,000-square-foot store at 80 Second Ave. in the western Boston suburb of Waltham on Thursday, Sept. 23. The store, which will be the retailer’s third location in Massachusetts, will include warehouse space and a design center. Floor & Décor has hired about 50 full- and part-time associates to work at the store.
Alexandria, Va. — Wegmans Food Markets Inc., a 106-store supermarket chain based in Rochester, N.Y., plans to open a new store at Carlyle Crossing, a 1.7 million-square-foot mixed-use development underway in Alexandria. Located just off Eisenhower Ave. at 150 Stovall St., the store is scheduled to open in spring 2022. The store will employ approximately 450 people, with 150 full-time positions offered. The 81,300-square-foot Wegmans will include a Market Café, a bar and coffee shop, and The Burger Bar, a casual restaurant counter that serves burgers, sandwiches and fries. The …
Addison, Texas — General contractor The Beck Group has completed the redevelopment of Prestonwood Place, a 133,353-square-foot shopping center located in the northern Dallas suburb of Addison. Northwood Retail owns the center, which was originally built in 1980 and now houses tenants such as Catapult Health, Mendocino Farms, Biscuit Bar and La La Land Kind Café. The project involved renovation work for 40,000 square feet of façade updates and the conversion of existing retail space into 60,000 square feet of creative office space. The development also transformed a vacant manufacturing …
Niagara, N.Y. — Atlantic Capital Partners has brokered the sale of Wegmans Plaza, a 122,876-square-foot shopping center in the Upstate New York community of Niagara. Wegmans anchors the property, which was 80 percent leased at the time of sale. Justin Smith, Chris Peterson, Shannon Older, Sam Koonce and Molly Lynch of Atlantic Capital Partners represented both unnamed parties in the transaction.
Newport Beach, Calif. — Chartwell Real Estate Development has purchased Balboa Fun Zone, a mixed-use entertainment development in Newport Beach. Discovery Cube, a Southern California children’s science museum, sold the property for an undisclosed price. The new owners plan to restore the historic landmark and continue to operate the property as the Balboa Fun Zone, one of Southern California’s oldest amusement park dating to the early 1900s. Located at 600 E. Bay Ave., the 34,500-square-foot property offers 212 feet of waterfront space, the Edgewater Place boardwalk, the Balboa Ferris Wheel, …