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DevelopmentGrocery-anchoredMixed-useNew JerseyNews

SJC Ventures Breaks Ground on 54-Acre Mixed-Use Development in New Jersey 

by Hayden Spiess

Montgomery Township, N.J. — SJC Ventures, a privately held commercial real estate and retail development firm based out of Atlanta, has broken ground on Montgomery Promenade in the New York City suburb of Montgomery Township. Situated on a 54-acre site on Route 206, Montgomery Promenade will comprise 292,700 square feet and feature palisades for walking, green spaces, outdoor dining and restaurants. According to the Montgomery Township website, the project also includes 34 single-family detached homes that buffer the existing homes on Route 518 and the new shopping center. A Whole Foods …

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Bristol-Place_Attleboro-Mass
Grocery-anchoredInvestment salesMassachusettsNews

RK Centers Acquires 415,404-Square-Foot Shopping Center in Massachusetts

by Hayden Spiess

Attleboro, Mass. — RK Centers has acquired Bristol Place, a 414,404-square-foot shopping center located in Attleboro. Moving forward, the property, which was 96 percent leased at the time of sale, will be rebranded as RK Bristol Place. Tenants at the center include Market Basket, The Home Depot, T.J. Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture and Party City. An affiliate of Unison Realty Partners sold the property for an undisclosed price. Nat Heald represented the seller in the transaction.

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Echo-Street-West_Atlanta
DevelopmentGeorgiaLeasingMixed-useNewsRestaurants

Lincoln Property Co. Signs Three Restaurants to Echo Street West Mixed-Use Project in Atlanta

by Hayden Spiess

Atlanta — Lincoln Property Co. has signed three restaurants to Echo Street West, its 19-acre mixed-use project currently underway in Atlanta’s Westside. Food-and-beverage concepts El Gordo Taqueria by Fuego Tortilla, Fresh Squeezed Mini Bar and Le Macaron will occupy 2,430; 1,917; and 895 square feet, respectively. Situated on The Atlanta Beltline Westside Connector, Echo Street West is being constructed in phases, with the initial development comprising 300,000 square feet of creative office space; 50,000 square feet of retail space; 292 residential units; and 3.4 acres of outdoor entertainment and greenspace. Plans …

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Island-Road-Shopping-Center_Theodore-Ala
AlabamaGrocery-anchoredInvestment salesNews

Dorsey Development Purchases 59,822-Square-Foot Island Road Shopping Center in Theodore, Alabama

by Hayden Spiess

Theodore, Ala. — Dorsey Development, an entity owned and operated by G. Paul Dorsey III, has purchased Island Road Shopping Center in Theodore. Winn-Dixie anchors the property, which totals 59,822 square feet. Other tenants at the center include Pizza Hut, Subway, Buddy’s Home Furnishings and Premier Nails. 

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Investment salesNet leaseNewsTexas

SRS Real Estate Arranges $14.6 Million Sale of Retail Building in Metro Houston

by Hayden Spiess

Katy, Texas — SRS Real Estate Partners has arranged the $14.6 million sale of a 55,000-square-foot retail building in the Houston suburb of Katy. Kohl’s occupies the property, which is currently under construction, on a triple-net-lease basis. Matthew Mousavi and Patrick Luther of SRS represented the seller and procured the buyer, which acquired the asset via a 1031 exchange.

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Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Brokers $4.8 Million Sale of Retail Center in North Carolina

by Hayden Spiess

Spring Hope, N.C. — Legacy Realty Group Advisors has brokered the $4.8 million sale of Spring Hope Commons, a 47,950-square-foot retail center located in Spring Hope. Food Lion anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

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LeasingNew YorkNews

Nordstrom Rack to Open 24,000-Square-Foot Store in Bay Shore, New York

by Hayden Spiess

Bay Shore, N.Y. — Nordstrom Rack, the off-price retail division of Nordstrom, will open a 24,000-square-foot store in Bay Shore, a hamlet on Long Island. Situated within Gardiner Manor Mall, the store is scheduled to open next spring. Other tenants at the property include HomeGoods, Barnes & Noble, Michaels and Old Navy. Kite Realty Group Trust is the landlord. This will mark the third Nordstrom Rack outpost in the state. 

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LeasingNewsOregon

Three Tenants Sign Leases at Milwaukie Marketplace in Oregon

by Hayden Spiess

Milwaukie, Ore. — Three new tenants have signed leases at Milwaukie Marketplace, a 185,760-suqare-foot retail center located in Milwaukie. Ace Hardware will occupy a 16,389-square-foot space at the property, and New Seasons Market will occupy 42,630 square feet, with both store openings scheduled for early next year. Luna’s Ice Cream has also signed a lease at the center and opened a 1,200-square-foot shop. Kimco Realty is the landlord. 

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