Los Angeles — Soccer team Paris Saint-Germain (PSG) has opened a permanent retail store within Westfield Century City Mall in Los Angeles in partnership with apparel retailer Fanatics. The sports club is expanding its global retail presence with plans to open several new stores in key international markets, beginning with the Los Angeles location. The store openings form part of a 10-year retail and merchandising deal signed between PSG and Fanatics in 2020. Fanatics, which is part owner of Lids, will tap into Lids’ physical retail experience to open and …
Leasing
Leawood, Kan. — Seven retailers have joined the tenant lineup at Park Place Village, a 484,002-square-foot office and retail property in Leawood. The new tenants include day spa MassageLuXe, local Italian restaurant Plate, Thai restaurant Bamboo Penny’s, ice cream shop Ice Cream Bae, island-themed coffee shop and bar Outta the Blue, menswear company Moda Domani and custom-designed jeweler Moshiri Jewelry. Matt Rau of CBRE represented the owner, KBS, in the seven lease transactions, which range in size from 803 to 5,972 square feet. The 10-building Park Place Village, located at …
Shepherdsville, Ky. — Bay Country Estates has purchased a 34,484-square-foot retail property in Shepherdsville that is ground-leased to Burger King. An entity doing business as Dixie Hwy Development #3 LLC sold the property for $1.6 million. Carrols Corp. operates the Burger King location, which has 18.5 years remaining on its lease. The property is located at 315 Keystone Crossing Drive, about 20 miles south of Louisville. Jesse Limon of Marcus & Millichap’s Manhattan office represented the seller in the transaction. Jesse Limon and Colby Haugness of Marcus & Millichap’s Kentucky …
West Palm Beach, Fla. — CBRE has arranged the sale of a 45,000-square-foot store at 1880 Palm Beach Lakes Boulevard in West Palm Beach. Best Buy has operated at this location for 25 years. Will Pike, Chris Bosworth and Brian Pfohl of CBRE’s Atlanta office, along with Dennis Carson and Casey Rosen of CBRE’s National Retail Partners Florida Team, represented the seller, which was advised by Orion Investments. The buyer was RK Centers, an owner of retail properties in both South Florida and Massachusetts.
Atlanta — Rosé Bistro & Champagne Bar is set to open this fall at Atlantic Station, a 138-acre retail, restaurant and entertainment destination in the West Midtown neighborhood of Atlanta. Situated near Atlantic Green, the 1,634-square-foot Rosé Bistro & Champagne Bar will offer indoor and outdoor dining and a full bar. Houston-based Hines is the property management firm at Atlantic Station. Additional tenants set to open at Atlantic Station this year include Azotea Cantina, LINDBERGH and Toscano Ristorante Italian.
Humble and Spring, Texas — EDGE Realty Partners has negotiated two restaurant leases totaling 4,913 square feet on the northern outskirts of Houston. Dave’s Hot Chicken signed a lease to open a 2,995-square-foot restaurant at Spring Town Center in Spring, and Teriyaki Madness inked a deal for a 1,918-square-foot space at West Lake Crossing in Humble. In the first transaction, Debbie Adams of EDGE Realty represented Dave’s Hot Chicken and Kevin Sims of NewQuest Properties represented the unnamed landlord. In the second deal, Kathy King of EDGE represented Teriyaki Madness …
Plantation and Hialeah, Fla. — Azor Advisory Services has arranged two anchor-tenant leases at shopping centers located outside Miami in Plantation and Hialeah. Fitness System will open in a 21,429-square-foot space formerly occupied by Michaels at Plantation Crossing shopping center on July 1. Helene Unschuld of Century 21 Tenace Realty represented the tenant in the transaction. Azor also represented the owner of a Hialeah shopping center in leasing a 22,000-square-foot outparcel to dd’s Discounts. Craig Fetherston and Jim Petrarca of the Shopping Center Group represented the tenant in the transaction. …
Beaumont, Calif. — SRS Real Estate Partners has negotiated two leases at San Gorgonio Village, a 122,000-square-foot shopping center located at the southeast corner of 2nd Street and Commerce Way in Beaumont. Planet Fitness opened a 17,500-square-foot location at the center in April. Garrett Colburn and Townsand Cropsey of SRS negotiated a 10-year lease on behalf of the tenant. Sherwin Williams is set to open a 4,000-square-foot, freestanding store at the property in mid-2021. Chris Kehl and Zach Leffers of SRS negotiated a 10-year lease on behalf of the tenant. …
Matamoras, Pa. — ShopRite will open a 73,000-square-foot grocery store within the former Kmart building at Westfall Town Center in Matamoras, located along the New Jersey-Pennsylvania border. The opening is scheduled for this fall. Metro Chicago-based CenterPoint Properties owns Westfall Town Center. Derek Zerfass and Scott Horner of Colliers International brokered the deal. An undisclosed user is also set to occupy 25,000 square feet within the former Kmart store beginning this fall.
Houston — PopStroke Entertainment Group, a Florida-based golf concept, will open a new venue at Katy Grand, a Cinemark-anchored retail power center in Houston that is owned by NewQuest Properties. The venue will feature two 18-hole mini-golf courses conceived by TGR Design, an architecture firm backed by golf legend Tiger Woods. The concept includes a full-service restaurant and bar, ice cream parlor, outdoor games and a playground. Heather Nguyen and Rebecca Le internally represented NewQuest in the lease negotiations. PopStroke currently has two facilities in Port Saint Lucie and Fort …