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Katie Sloan

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DevelopmentGeorgiaGrocery-anchoredNews

Trader Joe’s to Open 13,500-Square-Foot Grocery Store at Halcyon Mixed-Use Development in Metro Atlanta

by Katie Sloan

Alpharetta, Ga. — RocaPoint Partners has announced that Trader Joe’s will open a new 13,500-square-foot grocery store at Halcyon, a mixed-use development in the north Atlanta region of Forsyth County. Located in Alpharetta near the Big Creek Greenway trail, the grocery store will be situated next to the new Chick-fil-A as part of the third phase of Halcyon, which recently celebrated its fifth anniversary of operation. Other committed tenants of Halcyon’s Phase III include Chewy Vet Care, Chase Bank and Five Guys. Halcyon also includes The Village Green central gathering space for …

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Seven-Hills-Plaza
FloridaInvestment salesNews

Institutional Property Advisors Brokers $17 Million Sale of Seven Hills Plaza in Metro Tampa

by Katie Sloan

Spring Hill, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17 million sale of Seven Hills Plaza, an 87,286-square-foot retail center located roughly 50 miles north of Tampa in Spring Hill. Planet Fitness and Walgreens anchor the center, which was fully occupied at the time of sale. Additional tenants include Altitude Trampoline Park, AFC Urgent Care, Rehability, Okinawa Ramen Restaurant, GNC and Nails So Happy. Kirk Olson and Drew Kristol of IPA represented the seller, Continental Realty Corp., and procured the buyer, Bezrat H. …

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NewsTexas

Revolving Kitchen Opens 30,000-Square-Foot Food Hall in Metro Dallas

by Katie Sloan

Fairview, Texas — Revolving Kitchen has opened a 30,000-square-foot food hall at 146 Town Place in Fairview, a northern suburb of Dallas. The food hall will feature 34 fully equipped commercial kitchen spaces ranging in size from 260 to 1,100 square feet. Operators that have already committed to Revolving Kitchen Fairview include Brooklyn Bagels, Chanko Nutrition and Emmy J’s Pizza. Lincoln Property Co. owns the building.

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CaliforniaDevelopmentLeasingMixed-useNews

Space Investment Partners Completes $11 Million Renovation of Mixed-Use Property in Costa Mesa, California

by Katie Sloan

Costa Mesa, Calif. — Space Investment Partners has completed an $11 million renovation of The Ranch at Newport Bay, a 60,000-square-foot mixed-use property located at 2651-2675 Irvine Ave. in the Orange County community of Costa Mesa. Restaurant and bar concept Verde opened within a 5,000-square-foot space in November, bringing the property to full occupancy. Additional tenants include Nike Training Studio, XPT Studio, Del Mar Wellness, Coffee Dose and Tiny Tooth Pediatric Dentistry. Anchor tenant Irvine Ranch Market occupies 17,500 square feet at the center. Details on the renovation were not disclosed.

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Investment salesNewsTennessee

JLL Brokers $9.8 Million Sale of Rivergate Square Shopping Center in Suburban Nashville

by Katie Sloan

Madison, Tenn. — JLL has brokered the $9.8 million sale of Rivergate Square, an 81,935-square-foot shopping center located at 1584 Gallatin Pike North in Madison, a suburb of Nashville. Jim Hamilton and Brad Buchanan of JLL represented the seller, Albanese Cormier, in the transaction. The buyer was not disclosed. Rivergate Square was fully leased at the time of sale to tenants including Dollar General, Office Depot, dd’s Discounts and Jimmy John’s.

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Investment salesNew HampshireNews

Horvath & Tremblay Arranges $11.7 Million Sale of North End Shops at Livingston Park in Manchester, New Hampshire

by Katie Sloan

Manchester, N.H. — Horvath & Tremblay has arranged the $11.7 million sale of North End Shops at Livingston Park, a 51,048-square-foot retail center located in Manchester. Bob Horvath, Todd Tremblay, Aaron Huntley and Matt Nadler of Horvath & Tremblay represented the undisclosed seller and procured the buyer in the transaction. Dollar Tree anchors the center, which was developed in 1987 and renovated in 2017. The property is located at 535-555 Hooksett Road and was fully leased at the time of sale. 

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Lakeview-Plaza
IllinoisInvestment salesNews

Marcus & Millichap Brokers $7.7 Million Sale of Retail Strip Center in Suburban Chicago

by Katie Sloan

Lake Zurich, Ill. — Marcus & Millichap has brokered the $7.7 million sale of Lakeview Plaza, a retail strip center totaling 52,400 square feet in the Chicago suburb of Lake Zurich. Built in 1987, the property is home to restaurants, health and fitness tenants, and automotive service users. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private investment group, and procured the buyer, a family office specializing in owning and operating shopping centers.

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Investment salesNewsVirginia

Coldwell Banker Commercial Read Brokers $6 Million Sale of Shopping Center in Lynchburg, Virginia

by Katie Sloan

Lynchburg, Va. — Coldwell Banker Commercial Read & Co. has brokered the $6 million sale of Forest Hill Shopping Center, an 82,000-square-foot retail center located at 2820 Linkhorne Drive in Lynchburg. Rick Read and Ricky Read of Coldwell Banker Read represented the seller, an entity doing business as Lynchburg Investment Co. Inc., in the transaction. The brokerage firm has served as the landlord rep for the retail center for the past 20 years. The buyer, Swintstorage Conversion Fund LLC, plans to convert the shopping center’s anchor store into a self-storage facility …

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GeorgiaLeasingNews

CTO Announces New Retail Openings, Leases at Collection at Forsyth in Metro Atlanta

by Katie Sloan

Cumming, Ga. — CTO Realty Growth Inc. has announced a round of new retail openings and leases at The Collection at Forsyth, an open-air mixed-use development in Cumming, an Atlanta suburb in Forsyth County. Sephora and Kilwins opened new locations at The Collection in November, and boutique Pilates fitness concept Bodyrok and pickleball concept The Picklr have recently signed leases to join the tenant roster. Sherri Wilson of JLL handles retail leasing at The Collection on behalf of CTO. Additionally, True Rest Float Spa and Bahama Buck’s are set to open …

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Grocery-anchoredInvestment salesNew YorkNews

IPA Negotiates $14 Million Sale of Upstate New York Shopping Center

by Katie Sloan

Binghamton, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $14 million sale of Price Chopper Plaza, a 127,000-square-foot shopping center located in the upstate New York community of Binghamton. Regional grocer Price Chopper has been the anchor tenant at the center, which was 97 percent leased at the time of sale, since 1987. Other tenants include Planet Fitness, Big Lots and Dollar Tree. Jim Koury of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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