Miami — ASG Equities has sold a 4,500-square-foot retail building located Miami’s Design District for $14 million. Dacra acquired the property, which was fully leased to luxury brands Ksubi and Orlean at the time of sale. This marks the final transaction for a three-property portfolio sold by ASG in recent months. The company is actively developing a 500,000-square-foot mixed-use development nearby, Parterre 42, with co-developer Helm Equities.
Columbia and Florence, S.C. — Slim Chickens has opened two new restaurants in South Carolina. Located in Columbia and Florence, the stores are owned and operated by franchisees Break Bread Ventures and Chandler Restaurant Group, respectively. This marks the seventh Slim Chickens restaurant for Break Bread Ventures and the second for Chandler Restaurant Group. Slim Chickens’ current portfolio includes more than 265 units in the United States, the U.K. and Turkey.
Perry, Fla. — Timber Development Corp. has acquired Perry Village Plaza, a 12,000-square-foot shopping center located in Perry. An undisclosed seller sold the property for $2.6 million. Tenants at the center include T-Mobile, Verizon, Cricket Wireless, H&R Block and Smoke Shop.
Madison, Wis. — Planet Fitness has signed a 37,121-square-foot lease at West Towne Mall in Madison. Tony Colvin and Adam Dreier of Mid-America Real Estate-Wisconsin LLC represented the tenant in the lease negotiations. The landlord of the property is an entity doing business as Madison/West Towne LLC.
Columbus, Ohio — Fashion Retailer Express Inc. (OTCMKTS: EXPR) has filed for Chapter 11 bankruptcy protection and announced plans to close 107 of its 602 stores. The Columbus-based company’s portfolio includes apparel brands such as Bonobos, Express and UpWest Express. As part of the proceedings, 95 stores under the company’s Express banner will be shuttered alongside all 12 of its UpWest Express locations. Further details on the specific locations set for closure were not provided, but closing sales at the impacted locations are anticipated to begin tomorrow, April 23. Business at …
Oxnard, Calif. — PSRS has arranged $54 million in financing for the acquisition of Esplanade Shopping Center, a 357,000-square-foot shopping center in Oxnard. Kostas Kavayiotidis, Mike Davis and Matthew Farzinpour of PSRS secured the seven-year loan, including four years of interest-only payments, on behalf of the buyer through a life insurance company. Walmart, The Home Depot, T.J. Maxx, Nordstrom Rack, Bob’s Discount Furniture, Dick’s Sporting Goods, In-N-Out Burger, Chipotle Mexican Grill and BJ’s Restaurant anchor the property.
Estero, Fla. — WMG Development has opened Shoppes at Verdana Village, a 78,000-square-foot retail center in Estero. Publix anchors the property. Other tenants at the center include Publix Liquor, Heartland Dental, Dunkin’ Donuts, The Nail Spa Estero, New York Pizza & Pasta and The UPS Store. WMG acquired the land from Cameratta Cos.
West Chester, Ohio — Graycor Construction Co. has completed the development of a 125,000-square-foot Bass Pro Shops Outdoor World store in West Chester near Cincinnati. The property features a fire watch tower, archery range, aquarium, exterior decorative water feature and boat showroom. Torgerson Design Partners was the architect. This marks the seventh Bass Pro Shops store to be constructed by Graycor.
Austin, Texas — Austin Pickle Ranch will open a new, 50,000-square-foot pickleball facility in Austin, marking the second location in the city for the brand. Scheduled to open in May, the venue will feature 16 indoor pickleball courts, as well as indoor and outdoor lounge areas. Johns Design & Consulting designed the property.
Kenosha, Wash. — Legacy Realty Group Advisors has brokered the $27.6 million sale of Plaza 50, a 199,217-square-foot retail center located in Kenosha. Pick ‘N Save, Burlington Coat Factory, Marshalls and Ross Dress for Less anchor the property, which was 99 percent occupied at the time of sale. Jacob Baruch, Daniel Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction.
