Sugar Land, Texas — Marcus & Millichap has arranged the sale of a 1,850-square-foot, net-leased Starbucks Coffee located in Sugar Land.
Las Vegas — Beverly Hills-based BIG Shopping Centers USA has sold Sahara Pavilion South, a 158,394-square-foot shopping center located in Las Vegas, to 3D Investments for $20.5 million.
Miami — Swire Properties Inc. and its retail co-developers Whitman Family Development and Simon Property Group have inked a lease for a 38,000-square-foot Italian indoor food hall concept at Brickell City Centre in Miami’s Brickell district.
Jacksonville, Fla. — Equicap, a real estate investment advisory firm based in New York, has arranged an $18 million acquisition loan for a 155,899-square-foot shopping center in Jacksonville.
Dallas — RED Development has begun construction on The Union Dallas, an 800,000-square-foot office, residential and retail project expected for completion in 2018.
Hoffman Estates, Ill. — Sears Holdings will close 68 Kmart and 10 Sears stores this summer, 23 of which are located in the Midwest.
Stevenson Ranch, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Stevenson Ranch Plaza, a 187,035-square-foot shopping center located in the Los Angeles suburb of Stevenson Ranch, for $72.5 million.
Buford, Ga. and Little Rock, Ark. — La Madeleine Country French Café has opened two new restaurants in Buford, Georgia, and Little Rock, Arkansas.
By: Thomas S. Onder, Shareholder, Stark & Stark
Chino, Calif. — Ed Hanley and Bill Asher of Hanley Investment Group Real Estate Advisors have been chosen to market the sale of Stater Bros. Plaza, a 73,600-square-foot shopping center located in Chino.