Friday, July 11, 2025
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Julia Sanders

Puttshack
LeasingNewsTexas

PuttShack to Open 26,000-Square-Foot Minigolf Course, Restaurant in Downtown Houston

by Julia Sanders

Houston — Puttshack, an entertainment concept that combines tech-infused minigolf with food and beverage offerings, will open a new 26,000-square-foot venue at The Shops at Houston Center in the city’s downtown area. Puttshack recently opened its first venue in Atlanta and has plans to open additional facilities in Chicago, Miami, Boston and Nashville. The opening of the Houston facility is slated for late 2022. Brookfield Properties owns The Shops at Houston Center in partnership with Spear Street Capital.

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CVS
GeorgiaInvestment salesNews

Avison Young Brokers $4.9 Million Sale of CVS-Occupied Property in Carrollton, Georgia

by Julia Sanders

Carrollton, Ga. — Avison Young has brokered the $4.9 million sale of a 12,961-square-foot single-tenant retail property occupied by CVS/pharmacy at 2125 Maple St. in Carrollton. Chris Maling and David Maling of Avison Young represented the buyer, Laguna Monarch Group Inc., in the transaction. Cushman & Wakefield represented the seller, an undisclosed private equity group. CVS/pharmacy has occupied the site since 2006 and has 19 years remaining on its triple net lease.

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Orland Park
IllinoisInvestment salesNews

Adelphia Properties Brokers Sale of 7,365-Square-Foot Retail Center in Suburban Chicago

by Julia Sanders

Orland Park, Ill. — Adelphia Properties has brokered the sale of a 7,365-square-foot retail center in Orland Park, a suburb of Chicago. The building is located at 15845 S Harlem Ave. and was 17 percent occupied at time of sale. George Spirrison and Simeon Spirrison of Adelphia Properties represented the undisclosed seller in the disposition of the property. Both the buyer and seller in the transaction are based in Chicago.

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Burlington
DevelopmentFloridaNews

FRONTIER Building Completes Redevelopment of Two Retail Properties in Doral, Florida

by Julia Sanders

Doral, Fla. — General contractor FRONTIER Building has completed the redevelopment of two retail properties totaling 62,000 square feet in Doral. The buildings were formerly occupied by Toys “R” Us and Babies “R” Us. The project included renovations to the existing exterior façades and interior build-outs at both stores, which will now be occupied by Burlington and Total Wine & More.

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Company newsIllinoisNews

Old Second to Acquire West Suburban Bank for $297 Million

by Julia Sanders

Aurora and Lombard, Ill. — Old Second Bancorp Inc. and West Suburban Bancorp Inc. have signed a definitive merger agreement under which Aurora-based Old Second will acquire Lombard-based West Suburban in a cash and stock transaction valued at $297 million. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, Old Second will pay 65 percent of the purchase price in stock and the remainder in cash. According to a news release, the merged company will have approximately $6.2 billion in …

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DevelopmentInvestment salesNewsOhio

DealPoint Merrill Completes Purchase of Richmond Town Square Mall in Cleveland, Plans $200 Million Mixed-Use Project

by Julia Sanders

Cleveland — DealPoint Merrill has completed its purchase of the former Richmond Town Square regional mall in Cleveland. Built in 1966, the mall was home to over 90 stores until its closure in 2021. DealPoint plans to redevelop the site into Belle Oaks Marketplace, a $200 million mixed-use development. The 1.6 million-square-foot project is set to include 40,000 square feet of restaurants; an outdoor community entertainment venue; 791 Class-A apartment units; 315,000 square feet of grocery and retail stores; and an 80,000-square-foot renovated Regal Cinema theater complex. Construction is expected …

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Shops at Jamaica Bay
FloridaInvestment salesNews

Marcus & Millichap Arranges Sale of 21,080-Square-Foot Shopping Center in Fort Myers, Florida

by Julia Sanders

Fort Myers, Fla. — Marcus & Millichap has arranged the $5.7 million sale of Shops at Jamaica Bay, a 21,080-square-foot multi-tenant retail center located in Fort Myers. Jim Shiebler, James Medefind and James Garner of Marcus & Millichap represented the seller and the buyer in the transaction, both of which were limited liability companies. Built in 2007, the center is fully occupied by tenants such as AT&T and Allstate insurance.

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Janss Marketplace
CaliforniaLeasingNews

Five Below to Open at Janss Marketplace in Thousand Oaks, California

by Julia Sanders

Thousand Oaks, Calif. — Five Below is set to open a new location at Janss Marketplace, a 458,000-square-foot shopping center located in Thousand Oaks. Construction on the store began this month and opening is targeted for October of this year. NewMark Merrill brokered the leasing transaction. Janss Marketplace is also home to tenants including ALDI Grocers, Regal Cinemas, DEFY Extreme Air Sports, Old Navy, Starbucks Coffee, Buca di Beppo and Gold’s Gym.

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Shoppes at Perry Crossing
FinanceIndianaNews

Parkview Financial Provides $34 Million Bridge Loan for Lifestyle Center in Suburban Indianapolis

by Julia Sanders

Plainfield, Ind. — Parkview Financial has provided a $34 million bridge loan for the refinancing and repositioning of Shops at Perry Crossing in Plainfield, a southwest suburb of Indianapolis. Built in 2006 and located at 2499 Futura Parkway, the lifestyle center spans 600,000 square feet. It is home to 40 tenants, including JC Penney, Dick’s Sporting Goods, AMC Theaters, H&M, DSW and Old Navy. The property suffered tenancy issues as a result of the pandemic and fell into receivership. However, Poag Shopping Centers was able to regain ownership and plans …

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Hazel Dell Towne Center
Investment salesNewsWashington

CBRE Arranges $28.8 Million Sale of Kohl’s-Anchored Retail Center in Vancouver, Washington

by Julia Sanders

Vancouver, Wash. — CBRE has arranged the sale of Hazel Dell Towne Center, a 264,000-square-foot Kohl’s-anchored power center located in Vancouver to Transnational Management for $28.8 million. Philip Voorhees, Jimmy Slusher, James Tyrrell, Dino Christophilis and Daniel Tibeau of CBRE represented the seller, a partnership managed by Pine Tree, in the transaction. Located at 8801 N.E. Hazel Dell Ave., Hazel Dell Towne Center is 87 percent leased to tenants including Office Depot, Petco, Party City, Gold’s Gym, Craft Warehouse, America’s Best and Massage Envy. The property is also shadow-anchored by …

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