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Julia Sanders

Wilson Sporting Goods
IllinoisLeasingNews

Wilson Sporting Goods Opens First Brick-and-Mortar Retail Location

by Julia Sanders

Chicago — Wilson Sporting Goods Co. has opened its first-ever retail location in its hometown of Chicago. Wilson plans to open additional flagship stores in New York, Los Angeles, Beijing and Shanghai in the coming months. The Chicago store opened in July 2021. The new 2,247-square-foot store is located at 932 N. Rush St. in Chicago’s Gold Coast neighborhood and will offer a curated assortment of sporting goods across many sport categories such as tennis, baseball, football, basketball and golf, as well as Wilson’s new athletic-lifestyle sportswear collection.

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Bronzetown
DevelopmentIllinoisNews

City of Chicago Approves $3.8 Billion Mixed-Use Project at Former Michael Reese Hospital Site

by Julia Sanders

Chicago — The Chicago City Council has given approval for the development of Bronzeville Lakefront, a $3.8 billion mixed-use project located in Bronzeville, a South Side neighborhood. Michael Reese Hospital and Medical Center, which closed in 2008, formerly occupied the 48-acre development site. The City of Chicago acquired the property in 2009 and cleared most of the land over the ensuing months. A team of local developers known as GRIT was selected to purchase the site for $96.9 million through a redevelopment agreement. GRIT comprises Farpoint Development, Loop Capital Management, …

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USQ
DevelopmentMassachusettsNews

Joint Venture Breaks Ground on $2 Billion USQ Mixed-Use Project in Metro Boston

by Julia Sanders

Somerville, Mass. — US2, a joint venture between Magellan Development, RAS Development LLC, Cypress Equity Investments and USAA Real Estate, has broken ground on a $2 billion mixed-use project known as USQ in Somerville, just northwest of Boston. The 15-acre, transit-oriented development is situated in the city’s historic Union Square neighborhood at the southeast corner of Somerville Avenue and Prospect Street. An official groundbreaking ceremony took place this morning. Totaling 2.4 million square feet, USQ has been in the making for decades, according to the development team. Plans call for …

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Dollar General
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $54.6 Million Sale of 35-Property Dollar General Portfolio

by Julia Sanders

Atlanta — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the $54.6 million sale of a portfolio of 35 Dollar General-leased stores across 12 states. Don McMinn of Taylor McMinn represented the seller, CMK Properties, a privately-held real estate investor and syndicator based in Brentwood, Tennessee. The buyer was Realty Income, a net lease REIT based in San Diego. Dollar General occupies each property under a triple-net lease with roughly 10 years remaining on each term. “This transaction illustrates the current peak demand for Dollar Generals in the market …

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Horizon Park
FloridaInvestment salesNews

Plaza Advisors Arranges Sale of 215,713-Square-Foot Horizon Park Shopping Center in Tampa

by Julia Sanders

Tampa, Fla. — Plaza Advisors has arranged the sale of Horizon Park, a 215,713-square-foot shopping center located at 3904 W Hillsborough Ave. in Tampa. An entity doing business as CRP II – Horizon Park LLC sold the property for $21.9 million. The buyer was not disclosed. Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the only brokers involved in the transaction. Built in 1971, Horizon Park was renovated in 1980 and 1988 and was 86 percent leased at the time of sale. The shopping center’s …

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Waterpoint Center
DevelopmentNewsTexas

Gordon Partners Completes 35,000-Square-Foot Mixed-Use Expansion Project at Lake Conroe

by Julia Sanders

Conroe, Texas — Houston-based Gordon Partners has completed the 35,000-square-foot expansion of Waterpoint Center, an office, retail and restaurant development located north of Houston on Lake Conroe. Retail and restaurant users that will soon be opening at the 140,000-square-foot waterfront property include Akashi Asian Bistro, Crust Pizza Co., Boardwalk Boutique, The Paleta Bar, Hunger Crush Café and Bar Lago Craft Cocktails. Gordon Partners will soon break ground on an additional 10,000 square feet of office and medical space that is expected to be complete in the first quarter of 2022.

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Ulta
DevelopmentIllinoisNews

Target, Ulta Beauty Reveal Brands and Locations Ahead of August Launch

by Julia Sanders

Minneapolis and Bolingbrook, Ill. — Target Corp. and Ulta Beauty have revealed further details about the Ulta Beauty at Target launch, which is slated to begin rolling out in more than 100 Target stores nationwide and online this August. Most of the initial locations will be concentrated in California, Colorado, Florida, Illinois, Minnesota, New York and Texas. The “shop-in-shop” retail concept will include 50 specially curated brands. The two companies are planning to roll out the concept at 800 Target stores in the coming years. Each shop-in-shop will be placed …

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Pick N Save
Investment salesNewsWisconsin

JLL Arranges $19 Million Sale of Shopping Center in Metro Milwaukee

by Julia Sanders

Wauwatosa, Wis. — JLL Capital Markets has arranged the sale of a 69,749-square-foot shopping center anchored by Pick ’n Save in Wauwatosa near Milwaukee for $19 million. The fully leased property was built in phases in 2008 and 2012. Tenants at the center include Mattress Firm, Firehouse Subs and Bubon Orthodontics. Clinton Mitchell, Amy Sands, Michael Nieder and Jaime Fink of JLL represented the seller, a partnership between Newport Capital Partners and Artemis. JRW Realty represented the buyer, ExchangeRight.

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Investment salesNevadaNews

Agora Realty Acquires Bonanza Eastern Plaza in Las Vegas for $16.1 Million

by Julia Sanders

Las Vegas — Agora Realty has acquired Bonanza Eastern Plaza, a 71,008-square-foot retail center located at 550-580 N. Eastern Ave. in Las Vegas. Mariana’s Supermarket anchors the center, which is fully occupied by tenants including dd’s Discounts, Jack in the Box, Sushiro and Boca Dental. Jeff Berg and Mica Berg of Logic represented Agora Realty in the acquisition of the property for $16.1 million. The seller was undisclosed. Renovations are planned under the new ownership, which will include a façade renovation and remodeled parking lot.

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Investment salesNewsTexas

KM Realty Investment Trust Buys 32,449-Square-Foot Shopping Center in San Antonio

by Julia Sanders

San Antonio — KM Realty Investment Trust Inc. has acquired City Base Commons, a 32,449-square-foot shopping center that is located on a 7.5-acre site south of downtown San Antonio. GFR Development sold the asset for an undisclosed price. City Base Commons was 95 percent leased at the time of sale to tenants such as Credit Human, Kung Fu Tea, Jimmy John’s, McAlister’s Deli, Raising Cane’s and Smoothie King.

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