Camp Hill, Pa. — A&G Real Estate Partners will market 79 Rite Aid store leases for sale, in its capacity as real estate advisor to the company, pending approval by the U.S. Bankruptcy Court for the District of New Jersey. Part of Rite Aid’s financial restructuring process, this marks the third tranche of leases to be sold and follows a set of 92 store leases that became available in November. Ranging from 5,502 to 31,468 square feet, the leases are located in 11 states, including California, Connecticut, Maryland, Michigan, New Jersey, …
Leasing
Newport Beach, Calif. — California-based Mountain Mike’s Pizza has signed a franchise deal for the development of 10 restaurants in Washington, marking the brand’s entrance into the state. Locations will include Arlington, Bellevue, Bellingham, Burlington, Kirkland, Lake Stevens, Lynwood, Marysville, Mill Creek, Northgate and Redmond, with the first opening scheduled for next year. Franchisees Gurjot and Yashraj Thind will develop and operate the restaurants.
Miami —Eight new tenants have signed leases at River Landing Shops & Residences, a mixed-use development featuring 360,000 square feet of commercial space in Miami. Claire’s has opened an 870-square-foot store, and Ceci Spa Hair and Nails and Divine Lash have both opened in 1,030-square-foot spaces. Additionally, Miami Optical, Suite Svn, Anything is Everything and White Coat Beauty now occupy 1,200; 5,805; 2,000; and 1,078 square feet, respectively. Carrot Express has also signed a 2,012-square-foot lease at the property. Urban-X Group is the developer and landlord. Retail space at the development …
Houston and Frisco, Texas — Jewelry retailer Tanishq has opened two new stores in Texas totaling 8,800 square feet. The stores in Houston and Frisco comprise 3,800 and 5,000 square feet, respectively, and mark the second and third locations in the country for the brand. Tanishq also opened a flagship store in New Jersey in January.
Fort Worth, Texas — First Watch has signed a lease at Waterside, a 63-acre mixed-use property located in Fort Worth. Scheduled to open early next year, the restaurant will be located near REI, Yoga Six, Club Pilates and Cycle Bar. Other tenants at the development include The RIM, CAVA, Whole Foods Market, F45 and Piattello Italian Kitchen.
Port Washington, N.Y. — A joint venture between PEBB Enterprises and Sagamore Hill Partners has secured $18.8 million for the refinancing of Soundview Marketplace, a 188,109-square-foot retail center located in Port Washington on Long Island. Deutsche Bank AG is providing the loan to the joint venture, which acquired the property in December 2020. The financing will include a $15.8 million initial advance, as well as $3 million allocated for future funding of capital improvements and leasing costs. Built in 1962 and 1977, the center comprises four buildings situated on 11 acres. …
Phoenix — EoS Fitness has opened a 42,000-square-foot gym in Phoenix. This marks the 30th location in the state for the brand. Amenities at the property include a cardio movie theater lined with treadmills, elliptical machines, stationary bikes and stair climbers and EoS Yard, a turf functional training area with battle ropes, sleds and tire flips. The gym also features saunas, a stretch tables, percussion massagers, compression boots and massage chairs.
Buckeye, Ariz. — Vestar has signed leases with six tenants to anchor Verrado Marketplace, a planned 500,000-square-foot shopping center to be located in Buckeye, roughly 35 miles outside Phoenix. Target, Harkins BackLot, Safeway, Marshalls, Ross Dress for Less and HomeGoods are scheduled to open at the property in late 2025. Harkins BackLot will occupy 75,000 square feet with an entertainment concept featuring a restaurant, sports viewing arena, arcade, bowling alley and private event area. Target will open a 147,000-square-foot store, and Ross Dress for Less and HomeGoods will occupy a total …
Aurora, Ill. — Four new retailers will join Fox Valley Mall, a three-story shopping center located in Aurora, approximately 40 miles outside Chicago. NY Designer Rack has opened a 3,187-square-foot store at the property, and Fox Valley Convenience, XIMI Life and Sushi Mania will occupy 786; 2,867; and 220 square feet, respectively. All tenants are scheduled to open by the end of this year. Centennial is the landlord at the shopping center, which is managed by Centennial Real Estate Management Co.
Brookhaven, Ga. — Connolly has signed new tenants to Parkside on Dresden, a $70 million mixed-use development underway in the Atlanta suburb of Brookhaven. The four-acre development is scheduled to open in fall 2024 and will comprise residential units, as well as 32,000 square feet of retail and restaurant space. Tenants will include Confab Kitchen and Bar, Honeysuckle Gelato, Café Vendome, Clean Juice, El Valle, MIRAE and F45 Training. Mindy Elms and Ed O’Connor of Lavista Associates Inc. manage retail leasing at the property on behalf of Connolly.