Miami, Fla. — Marcus & Millichap has arranged the $16 million sale of a freestanding CVS/pharmacy located at 10660 SW 40th St. in Miami. The 14,989-square-foot building is situated on a 2.4-acre parcel of land, a portion of which is subleased to Wendy’s. Ronnie Issenberg, Gabriel Briti, Ricardo Esteves and Kevin O’Hanlon of Marcus & Millichap represented the seller, a group of local Miami Investors, in the transaction. The buyer was not disclosed.
Birmingham, Ala. — Matthews Real Estate Investment Services has brokered the sale of Eastwood Village East, a Walmart Supercenter-anchored shopping center located in Birmingham. Tripp Brown and Johnny Blue Craig of Matthews represented the seller, MAP Development, in the transaction. The buyer was a private investor based in Nashville, Tennessee.
Long Beach, Calif. — Triss LLC has completed the disposition of a retail strip center located on the corner of East Pacific Coast Highway and Martin Luther King Jr. Avenue in Long Beach. A family trust acquired the property for $4.4 million. 7-Eleven anchors the 25,148-square-foot center. Tina LaMonica and Cheryl Pester of NAI Capital Commercial’s Investment Services represented the seller in the deal.
Richmond, Va. — Cushman & Wakefield has arranged the sale of Short Pump Station, a 91,369-square-foot, grocery-anchored shopping center in Richmond. Wafra Inc. purchased the property for $46.8 million. Located at 11800 West Broad St., Short Pump Station is situated about 15.4 miles from downtown Richmond and is close to Route 288 and Interstates 64 and 295. Trader Joe’s, Ulta Beauty and Petco anchor the center, which was 91 percent leased at the time of sale. John Owendoff of Cushman & Wakefield represented the sellers, a joint venture between BayNorth …
Fayetteville, Ga. — Ackerman & Co. has purchased Uptown Square, a 71,839-square-foot neighborhood retail center located roughly 22 miles south of downtown Atlanta in Fayetteville, for $8.4 million. Uptown Square was fully leased at the time of sale by tenants including Goodwill, Harbor Freight Tools, T-Mobile and The UPS Store. Ackerman & Co. was self-represented in the purchase. Craig Taylor of CBRE represented the seller, SunCap Real Estate Investments.
Louisville, Ky. — Publix Super Markets Inc. has signed a 55,702-square-foot lease at the Terra Crossing development located at the northwest corner of Terra Crossing Boulevard and Old Henry Road in Louisville. This location will be Publix’s first store in Kentucky. With the new Louisville location, Publix has over 1,280 stores in eight states across the Southeast and Mid-Atlantic. The Terra Crossing shopping center will soon be under construction. The 10-acre retail project will include the Publix and an additional 4,800 square feet of in-line retail space, as well as …
Oak Brook, Ill. — Game of Irons, a golf simulation facility, has leased 18,361 square feet at Oak Brook Promenade in Oak Brook, a western suburb of Chicago. Featuring 16 bays, Game of Irons will be the largest golf simulation facility in the Midwest when it opens in November. One to six players can play in each bay and enjoy full food and beverage service. Chris Irwin of Colliers International represented Game of Irons in its lease. Brendan Reedy and Jimmy Danahe of CBRE represented the landlord, Retail Properties of …
St. Peters, Mo. — Cooper’s Hawk Winery & Restaurant has purchased a nearly two-acre site at The Shoppes of Mid Rivers in St. Peters, a northwest suburb of St. Louis. Construction is scheduled to begin immediately on the 10,000-square-foot restaurant and bar with a planned opening for next spring. This will be the third Missouri location for Downers Grove, Illinois-based Cooper’s Hawk. GBT Realty Corp. owns The Shoppes of Mid Rivers, which was completed in 2019. The 270,000-square-foot shopping center is now 95 percent leased to tenants such as Burlington, …
Holmdel, N.J. — Somerset Development has signed a lease with Oink and Moo BBQ & Burgers at Bell Works in Holmdel, about 20 miles from New Brunswick. The Southern-inspired barbecue restaurant will open in October 2021. Oink and Moo will also offer a mobile app for delivery orders, which promises the food’s arrival within 20 minutes. The new Oink and location will also offer a selection of smoker grills, custom marinades, rubs and grill accessories.
Dallas — Weitzman will redevelop Meadow Central Market, a 108,778-square-foot shopping center located at the intersection of North Central Expressway and Meadow Road in Dallas. A 29,121-square-foot Tom Thumb store anchors the center, which originally opened in the 1970s. The grocery store will receive new flooring, lighting and select food departments as part of the project. Other tenants include CVS/pharmacy, Edible Arrangements, The UPS Store and Sylvan Learning Center. Weitzman will upgrade the center’s façade, landscaping, signage and parking. Hodges & Associates is leading design of the project, which is …
