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Mama Lu's Dumpling House
CaliforniaCompany newsNewsRestaurants

DAUM Commercial Arranges Sale of 5,000-Square-Foot Restaurant Property in Arcadia, California

by Abby Cox

Arcadia, Calif. — DAUM Commercial Real Estate Services has arranged the sale of a 5,000-square-foot restaurant space in Arcadia, roughly 13 miles northeast of downtown Los Angeles. Dream1212 LLC, the owner of Mama Lu’s Dumpling House, acquired the property from an undisclosed seller for $4 million. The Arcadia property serves as Mama Lu’s sixth location. This acquisition is part of an expansion of the Chinese restaurant chain, with openings in Beverly Hills and Las Vegas planned for early 2025. Rudy Lara, Nathan Lara and Nick Peukpiboon of DAUM represented the …

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Volcom Retail Store Exterior and Trademark Logo
CaliforniaCompany newsNews

Liberated Brands Files for Chapter 11 Bankruptcy, Plans to Close 122 Stores 

by Abby Cox

Costa Mesa, Calif. — Liberated Brands, a licensed operator of several sport, outdoor and lifestyle apparel brands, has initiated Chapter 11 bankruptcy proceedings, according to court documents filed in Delaware.  Liberated Brands’ retail portfolio of brands includes Volcom, Billabong, Quiksilver, ROXY, Honolua Surf, RVCA, Beachworks, Becker Surfboards, ZJ Boarding House, Spyder and Boardriders. According to Gordon Brothers, which is providing real estate advisory services to the retailer, Liberated Brands plans to close its 122 stores throughout the country. Gordon Brothers — which earlier this year entered into a sales transaction with …

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Company newsIllinoisNews

Newmark, Hilco Real Estate Market 121 JCPenney Stores for Sale

by Abby Cox

Northbrook, Ill. — New York City-based Newmark and Illinois-based Hilco Real Estate has begun marketing 121 JCPenney stores for sale on behalf of the Copper Property CTL Pass Through Trust, a trust owned by JCPenney and managed by Hilco JCP LLC, an affiliate of Hilco Real Estate. JCPenney — which is owned by a joint venture between Simon Property Group and Brookfield Asset Management — operates the stores on an absolute triple-net master lease. The retail portfolio, which averages 130,000 square feet per store, includes 21 stores in Texas, 19 …

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Company newsNewsTennessee

Pickleball Kingdom to Open New Location in Memphis, Tennessee

by Abby Cox

Memphis, Tenn. — Pickleball Kingdom, an indoor pickleball company, has announced its newest location in Memphis. The facility — which will span 42,300 square feet — will feature 17 professional-grade indoor courts. Additionally, the Memphis facility will offer youth programs, leagues, tournaments, community and corporate events and professional clinics. Pickleball Kingdom plans to open by summer 2025. Founded in 2022, Arizona-based Pickleball Kingdom is currently operating 350 franchises.

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Donatos Pizza
Company newsNewsRestaurantsTexas

Donatos Pizza to Expand in Texas with Three New Restaurants

by Abby Cox

Houston — Ohio-based Donatos Pizza has announced plans to open three locations in Houston. The first of the three new venues is scheduled to open in 2025, with goals for the brand to open 100 locations in Texas. The company also has new units in its pipeline in the Dallas/Fort Worth market. Founded in 1963, Donatos and its franchise partners currently operate more than 175 traditional restaurant venues in Ohio, Indiana, Kentucky, West Virginia, Virginia, South Carolina, Alabama, Tennessee, Georgia, Pennsylvania, Florida and Oklahoma. Donato’s first units in Texas — …

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Woodbury Common Premium Outlets
Company newsDevelopmentNewsTennessee

Simon to Develop 325,000-Square-Foot Premium Retail Outlets in Metro Nashville

by Abby Cox

Thompson’s Station, Tenn. — Simon Property Group has entered into an agreement to purchase a development site in metro Nashville with plans to build a luxury shopping and lifestyle destination known as Nashville Premium Outlets. The 325,000-square-foot project will be situated in the southern suburb of Thompson’s Station. “This project represents a significant investment in our town and has the potential to enhance local amenities, create jobs and strengthen our economy,” says Thompson’s Station Mayor Brian Stover. Simon is collaborating with Nashville-based Adventurous Journeys Capital Partners (AJ Capital), a company …

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Company newsFinanceNewsTexas

Stratus Obtains $29.8 Million Refinancing Loan for Retail Property in Austin, Texas

by Abby Cox

Austin, Texas — Stratus Properties Inc. has obtained a $29.8 million loan to refinance Lantana Place, a newly-developed retail property located within Stratus’ mixed-use development project in the Barton Creek area of Austin. The new loan matures in February 2029. Lantana Place — which totals 99,379 square feet — is anchored by Moviehouse & Eatery and AC Hotel by Marriott. Additionally, the property features a mix of retail and restaurant tenants including Black Rock Coffee Bar, Cobalt Blue Salon and Orangetheory Fitness, among others.

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Texas Heritage Marketplace
Company newsDevelopmentMixed-useNewsTexas

NewQuest Breaks Ground on $400 Million Mixed-Use Project in Katy, Texas

by Abby Cox

Katy, Texas — Locally-based developer NewQuest has broken ground on Texas Heritage Marketplace, a $400 million mixed-use project in the western Houston suburb of Katy. The site spans 165 acres and fronts the newly completed Texas Heritage Parkway. Current plans call for 750,000 square feet of retail, restaurant and entertainment space; two apartment communities with approximately 550 total units; and 300,000 square feet of medical office and self-storage space. Additionally, Target will anchor the retail portion of the property with a 149,000-square-foot store. A tentative completion date for the initial …

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Neptune Plaza
Company newsDevelopmentLeasingNew JerseyNews

Azarian Realty Opens 60,212-Square-Foot Hobby Lobby in Neptune City, New Jersey

by Abby Cox

Neptune City, N.J. — A new Hobby Lobby location has opened at Neptune Plaza in Neptune City. The arts and crafts retail store spans 60,212 square feet and is the junior anchor of the shopping center. Additional tenants at the center are The UPS Store, World Class ShopRite, IHOP, Visionworks and KPOT Korean BBQ. Neptune Plaza will undergo exterior renovations including new curbing, milling and repaving. Midland Park, N.J.-based Azarian Realty is the leasing and management agent for Neptune Plaza, which is 100 percent leased.

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Dutch Bros Soledad
CaliforniaCompany newsInvestment salesNews

Hanley Arranges Sale of Three Dutch Bros Locations in California

by Abby Cox

Baldwin Park, Moreno Valley and Soledad, Calif. — Hanley Investment Group has arranged the sale of three new single-tenant Dutch Bros Coffee locations in California, totaling approximately $8.1 million. The properties include Dutch Bros locations in Baldwin Park, Moreno Valley and Soledad. Dutch Bros occupies each of the properties on a 15-year triple-net lease basis. The Dutch Bros in Baldwin Park sold for $3.3 million. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Evergreen Development, in the transaction. Brian Melkesian of Lee & Associates represented the …

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