Tucson, Ariz. — Cushman & Wakefield | PICOR has arranged the sale of a 45,556-square-foot retail property located at 770 N. Kolb Road in Tucson. The building was formerly occupied by a discount movie theater that closed in March, according to the Arizona Daily Star. VRE Storage Tucson Kolb LLC acquired the property from Century Theaters for $4 million. Greg Furrier of Cushman & Wakefield | PICOR represented the seller, while James Montgomery of Verdad represented the buyer in the deal.
High Point, N.C. — Marcus & Millichap has arranged the sale of a Goodwill-occupied property located at 2012 North Main St. in High Point. The 11,480-square-foot net-leased property was sold for $3.4 million. Dominic Sulo and Benjamin Bach of Marcus & Millichap represented the seller, a California-based limited liability company, in the transaction. Ben Yelm, North Carolina Broker of Record, assisted in closing this transaction.
Atlanta — Fashion retailer YOYOSO will open an 8,244-square-foot store at Atlantic Station, a mixed-use destination in Atlanta’s West Midtown area. The property features over 30 stores and restaurants, entertainment concepts, hotels and 700,000 square feet of Class A office space, including a new office tower anchored by Microsoft. YOYOSO is set to open its doors this fall. The retailer has over 1,000 locations across 36 countries and over 380 cities.
Kennesaw and Woodstock, Ga. — Whataburger is set to open its first restaurants in the Atlanta metropolitan area this year. The two locations will be situated at 705 Town Park Lane NW in Kennesaw, and at 9766 GA-92 in Woodstock. Additional Whataburger locations will open in the Atlanta area in 2023, including restaurants at 503 Lakeland Plaza in Cumming, Georgia; SEQ Buford Drive and Exchange Drive in Buford, Georgia; 3321 Lexington Road in Athens, Georgia; 3201 Atlanta Highway in Athens, Georgia; 100 Pottery Road in Commerce, Georgia and 15 Wallace …
Allendale, N.J. — Azarian Realty Co. has signed fast casual restaurant concept Primo Hoagies to a 2,008-square-foot lease at the 90,000-square-foot Allendale Town Center, located in Bergen County in Northern New Jersey. Kevin Pelio and James Azarian of Azarian Realty Co. represented the undisclosed landlord in the lease negotiations. Jason Brooke of MSC Retail represented the tenant. Primo Hoagies currently operates 85 franchised locations across seven states and is underway on expansion plans.
Palo Alto and Mountain View, Calif. — Nuveen Real Estate has completed the disposition of Charleston Plaza, a five-building retail center in Palo Alto and Mountain View. San Francisco-based Presidio Bay acquired the property for $71.8 million. Situated on 10.9 acres at 2400-2470 Charleston Road, Charleston Plaza features 132,590 square feet of retail space. Completed in 2006, the property features four big box retail buildings and one pad site. Key tenants include PetSmart, Starbucks Coffee and Chipotle Mexican Grill. Will Connors, Daniel Renz and Michael Manas of the JLL Capital …
Troy, Mich. — MKiezi Investments has acquired Oakland Mall in Troy, about 24 miles from Detroit, from CenterCal Properties. The mall, which opened in 1968, spans roughly 1.5 million square feet and is home to Macy’s, J.C. Penney and a former Sears store, which MKiezi acquired last year. Other retailers at the mall include Dick’s Sporting Goods and At Home. Hobby Lobby is scheduled to open later this year in a portion of the former Sears space. Longhorn Steakhouse will replace the former Logan’s Roadhouse space. MKiezi plans to make …
Conroe, Texas — Vista Cos. has acquired Montgomery Crossing, a 70,000-square-foot retail center located about 45 miles north of Houston in Conroe. At the time of sale, the center was 70 percent leased to tenants such as Dollar Tree, The Toasted Yolk Café, Whataburger and Mattress Firm. Rob Kilcrease and Matt Berry of CBRE represented Vista Cos. in the deal. The seller was not disclosed. Veritex Bank provided acquisition financing to Vista Cos.
Cave Creek, Ariz. — Phoenix Commercial Advisors has arranged the sale of The Shops at Dynamite Creek, a neighborhood retail center located at the entrance of Tatum Ranch master-planned community in Cave Creek, about 26 miles from Phoenix. David Malin of Scottsdale Development Partners sold the property to an undisclosed buyer for $21.9 million foot. Located at 28242 N. Tatum Blvd., The Shops at Dynamite Creek features 69,755 square feet of retail space. At the time of sale, the property was 96 percent leased to tenants including Ace Hardware, RE/MAX, …
Cary, N.C. — JLL Capital Markets has arranged the sale of Twin Lakes Center, a multi-tenant shopping center in Cary, about 16 miles from Raleigh. Thomas Kolarczyk and Ryan Eklund of JLL represented the seller, Leyland Alliance. Dallas-based L&B Realty Advisors acquired the Wegmans-anchored property on behalf of an institutional client. Built in 2020, Twin Lakes Center was fully leased at the time of sale to tenants including Hollywood Feed, Great Clips, Mezeh Mediterranean Grill, Premier Martial Arts, PM Pediatrics, Paris Nail Bar, Bul Box and Gulli Boys. The center …