News

Hilco Arranges $168 Million Sale of 99 Cents Portfolio

by Hayden Spiess December 9, 2024

Commerce, Calif. — Hilco Real Estate has arranged the $168 million sale of the 99 Cents Only Stores LLC real estate portfolio as part of the retailer’s Chapter 11 bankruptcy proceedings. Founded in 1982, California-based 99 Cents began its liquidation in April 2024, citing rising competition, increased labor costs, challenging logistics and the effects of the COVID-19 pandemic. The portfolio included 44 company-owned properties, as well as 333 store leases and three vacant development parcels. According to Hilco, the portfolio generated significant interest, and 181 asset purchase agreements with non-refundable earnest money deposits …

December 9, 2024

Colorado Development Mixed-use News

Prism, McWhinney to Develop Two Mixed-Use Projects in Metro Denver

by Hayden Spiess December 9, 2024

Broomfield and Loveland, Colo. — Prism Places and McWhinney have announced plans to partner on the development of two mixed-use projects in metro Denver. Both projects will be situated within master-planned communities currently underway by McWhinney. The first property, Center Street, will be located within the 1,100-acre Baseline community in Broomfield, roughly 20 miles northwest of Denver. Upon completion, the project will total 312,000 square feet, including 231,500 square feet of retail, restaurant and grocery space. Michael Hsu Office of Architecture will design Center Street, which will also feature office space …

December 9, 2024

Development Georgia Leasing Mixed-use News

Six New Tenants Sign Leases at 43-Acre Medley Mixed-Use Project in Metro Atlanta

by Hayden Spiess December 9, 2024

Johns Creek, Ga. — Six new tenants have signed leases at Medley, a 43-acre mixed-use property currently underway in the Atlanta suburb of Johns Creek. Toro Development Company is the developer and plans to break ground on the project in January. Upon completion, Medley will comprise 150,000 square feet of retail, restaurant and entertainment space; a 175-room boutique hotel; 110,000 square feet of office space; 750 multifamily residences and 133 townhomes; and a 25,000-square-foot plaza. The new tenants include Sephora, Rena’s Italian Fishery & Grill, High Country Outfitters, BODYROK, Petfolk and …

December 9, 2024

Florida Investment sales News

Marcus & Millichap Negotiates $15.5 Million Sale of Shopping Center in Lakeland, Florida

by Hayden Spiess December 6, 2024

Lakeland, Fla. — Marcus & Millichap has negotiated the $15.5 million sale of Northtowne Square, a 96,009-square-foot shopping center located in Lakeland. Built in 1988, the property was fully leased at the time of sale. Tenants at the property include Harbor Freight Tools, Fancy Fruit & Produce and Brewlands Bar & Billiards. Tarek Chbeir of Marcus & Millichap represented the seller in the transaction, and Garrett Fierstein of Marcus & Millichap Capital Corp. (MMCC) arranged $6.5 million in acquisition financing on behalf of the buyer.

December 6, 2024

Investment sales News Texas

JLL Brokers Sale of 24,188-Square-Foot Retail Center in Fulshear, Texas

by Hayden Spiess December 6, 2024

Fulshear, Texas — JLL Capital Markets has brokered the sale of Shops at Cross Creek, a 24,188-square-foot retail center located in Fulshear. Phillips Edison & Co. acquired the property from Rycore Capital LP for an undisclosed price. Tenants at the center, which was fully leased at the time of sale, include Yen Fulshear, Rightway Dental, Marvelous Clinic, Firehouse Subs and Avis Budget Car. Ryan West, John Indelli and Gianna New of JLL represented the seller in the transaction.

December 6, 2024

Investment sales News Texas

DuWest Realty Arranges Sale of 16,938-Square-Foot Retail Building in Hurst, Texas

by Hayden Spiess December 6, 2024

Hurst, Texas — DuWest Realty has arranged the sale of a 16,938-square-foot retail building located in Hurst, northeast of Fort Worth. According to LoopNet Inc., the property was constructed in 1999. Giancarlo Carriero and Scott Rodgers of DuWest Realty represented the seller, De La Vega Development | Capital, in the transaction. Jolink Wallace Commercial acquired the property for an undisclosed price, with plans to redevelop the building for occupancy by western footwear and apparel retailer Boot Barn.

December 6, 2024

Investment sales News Texas

35 South Capital Acquires 52,000-Square-Foot The Collection Retail Center in San Antonio

by Hayden Spiess December 5, 2024

San Antonio — 35 South Capital has acquired The Collection, a 52,000-square-foot retail center situated on 3.8 acres in San Antonio. Tenants at the property include SoLuna, Revolución, Braza Brava Pizzeria, The Union Yoga + Strength, K. Charles & Co. and St. John. An entity affiliated with Lindenmuth Realty LP sold the center for an undisclosed price. This marks 35 South Capital’s second acquisition in San Antonio, following the purchase of King William Center in early 2024.

December 5, 2024

Company news Georgia News

EoS Fitness to Open 50 Gyms in Georgia

by Hayden Spiess December 5, 2024

Atlanta — EoS Fitness has announced plans to expand into greater Atlanta and open 50 gyms throughout Georgia over the next 10 years. The first several gyms are scheduled to open by 2027. “Atlanta is the third-fastest-growing metropolitan area in the U.S., and venturing here represents a key milestone in our long-term vision for EoS,” says Rich Drengberg, CEO of the brand. The EoS portfolio currently includes more than 175 locations in Arizona, California, Florida, Nevada, Texas and Utah.

December 5, 2024

Investment sales New Jersey News

Marcus & Millichap Arranges $6.4 Million Sale of Retail Center in New Jersey

by Hayden Spiess December 5, 2024

North Bergen, N.J. — Marcus & Millichap has arranged the $6.4 million sale of Aaron’s Strip Center, an 18,130-square-foot retail center located in North Bergen. Aaron’s anchors the property, which was fully leased to six tenants at the time of sale. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller and procured the buyer in the transaction.

December 5, 2024

Grocery-anchored Investment sales News North Carolina

Legacy Brokers $6 Million Sale of Shopping Center in North Carolina

by Hayden Spiess December 5, 2024

Burgaw, N.C. — Legacy Realty Group Advisors has brokered the $6 million sale of Pender Landing, a 59,122-square-foot shopping center located in Burgaw. Food Lion anchors the property. Other tenants at the center include Subway, MeMa’s Chick’n & Ribs, Southern Real Estate Co., Silhouette Salon and a martial arts studio. Jacob Baruch of Legacy represented both the buyer and seller in the off-market transaction.

December 5, 2024

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