New York City — Emerald Creek Capital has provided a $15 million first mortgage bridge loan for a 300,000-square-foot mixed-use building located in Queens. The property includes 22 floors of hotel space, 10 levels of medical office space and 50,000 square feet of retail and event space. The building also features 300 below-grade parking spaces. Dean Wang of Emerald Creek Capital originated the financing on behalf of the borrower, Fleet Financial Group.
Willis, Texas — Fidelis has broken ground on Phase I of The Market at Willis Shopping Center, located 48 miles north of Houston in Willis. Phase I of the project will be anchored by H-E-B and will include over 200,000 square feet of retail, restaurant and service space. The center is expected for completion in 2022. Phase II of the development is expected to break ground during the third quarter of 2022 and will include additional retail space, restaurants and a three-story, garden-style multifamily community offering 250 units. Fidelis began …
St. Petersburg, Fla. — CBRE has arranged the sale of University Village, a 60,223-square-foot shopping center in downtown St. Petersburg. Casey Rosen and Dennis Carson of CBRE represented the seller, an affiliate of Bell Partners Inc., which is based in Greensboro, North Carolina. Publix Super Markets purchased the center for an undisclosed price. Located at 250 Third St. S. and built in 2003, University Village is anchored by a Publix grocery store. Other tenants include CVS/pharmacy, Bank of America and seven other undisclosed retailers.
Orlando, Fla. — JLL Capital Markets has arranged the $35 million sale of Shoppes at Nona Place, a 60,557-square-foot neighborhood shopping center in Orlando. Built in 2018 and 2019, Shoppes at Nona Place is anchored by Bravo Supermarkets and home to tenants including Pet Supermarket, First Watch, Heartland Dental, BurgerFi, Aveda, Lime Fresh, F45 and Pig Tails. Located on 14.6 acres at 13000 Narcoossee Road, the center is situated about 11.2 miles from Orlando International Airport and approximately 23.4 miles from Walt Disney World Resort. Brad Peterson, Whitaker Leonhardt, Michael …
Baton Rouge, La. — Cooper Commercial Investment Group has brokered the sale of Bluebonnet Parc, a four-building mixed-use center in Baton Rouge. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investment group. A private buyer purchased the property for $17.2 million. Located at 5915 Bluebonnet Blvd., Bluebonnet Parc is located close to Interstate 10 and is about 9.8 miles from downtown Baton Rouge. Additionally, the property is about 7.7 miles from Louisiana State University. The 135,367-square-foot property is anchored by Best Buy, buybuy Baby and Havertys, …
Euclid, Ohio — First National Realty Partners has acquired Shore Center Plaza, a 111,152-square-foot grocery-anchored shopping center located at 22501 Shore Center Drive in the Cleveland suburb of Euclid. Shore Center Plaza was 94.1 percent occupied at the time of sale and is anchored by a 47,348-square-foot Dave’s Supermarket. The seller and sales price were not disclosed.
Cary, N.C. — CBRE has arranged the sale of Amberly Place, a 77,675-square-foot Publix-anchored shopping center located at 10225 Green Level Church Road in Cary. Dennis Carson, Casey Rosen and Mike Burkard of CBRE represented the seller, The Sembler Co. KPR Centers purchased the property for an undisclosed amount.
Everett, Wash. — Marcus & Millichap has arranged the sale of a retail center located at 811 S.E. Everett Mall Way, roughly 25 miles north of Seattle in Everett. A limited liability company sold the center to an undisclosed buyer for $5.8 million. Trader Joe’s, Dollar Tree, T-Mobile and Olympic Hot Tub occupy the 24,800-square-foot retail property. Trader Joe’s has been at this location for more than 25 years and recently extended its lease. Clayton Brown and Ruthanne Romero of Brown Retail Group of Marcus & Millichap represented the seller …
Montgomery, Ala. — SRS Real Estate Partners’ National Net Lease Group has arranged the $4.7 million sale of a 43,441-square-foot, single-tenant retail property occupied by Conn’s HomePlus in Montgomery. Conn’s Inc. has eight years left on its lease. Located at 2424 Eastern Blvd., the store was built in 1997 and renovated in 2019. The property is situated on 5.3 acres within the Promenade Montgomery and Promenade Montgomery North community centers, which feature more than 270,000 square feet of retail space. Retailers at these centers include The Home Depot, Harbor Freight …
Fairfax, Va. — Finmarc Management Inc. has sold a 76,000-square-foot, Giant Food-leased retail building in Fairfax to Signet Springfield for $39.8 million. The property is situated within Springfield Plaza, a shopping center with retail tenants such as AT&T, Chipotle Mexican Grill, David’s Bridal, CVS/pharmacy and Little Caesars Pizza. Last year, Giant Food relocated to its current building under a long-term lease. The new store features a full-service Starbucks Coffee shop with seating, as well as a PNC Bank branch. Ryan Sciullo, Chris Bosworth and Bill Kent of CBRE represented Finmarc …
