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Siete Square
ArizonaInvestment salesNews

Rein & Grossoehme Arranges $5 Million Sale of 35,926-Square-Foot Shopping Center in Phoenix

by Abby Cox

Phoenix — Rein & Grossoehme Commercial Real Estate has arranged the $5 million sale of Siete Square, a 35,926-square-foot shopping center located at 4139 W. Bell Road in Phoenix. Originally built in 1985, the property was 87 percent leased to tenants including Mattress Max and Georges Baddawi at the time of sale. The center also features a freestanding pad site occupied by Jack in the Box, which was not included in the sale. Mark Rein of Rein & Grossoehme represented the seller, Butterfield Trail LLC, and the buyer, Bell Square …

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Rivergate Shopping Center
IndianaInvestment salesNews

Prudent Growth Partners Acquires Rivergate Shopping Center in Metro Indianapolis for $4.4 Million

by Abby Cox

Shelbyville, Ind. — North Carolina-based Prudent Growth Partners has acquired Rivergate Shopping Center, a 45,314-square-foot shopping center located in the Indianapolis suburb of Shelbyville for $4.4 million. Farm equipment supplier Rural King shadow anchors the property, which was built in 1985 and renovated in 1995. Rivergate Shopping Center was 93 percent leased to a mix of retail, fitness, financial and medical service-based tenants at the time of sale.

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Esplanade at Aventura
FloridaLeasingNews

Seritage Growth Signs Leases with 17 New Tenants at Esplanade at Aventura in Metro Miami

by Abby Cox

Aventura, Fla. — Seritage Growth Properties has signed leases with 17 new tenants at Esplanade at Aventura, its 215,000-square-foot mixed-use development located in the northeastern Miami suburb of Aventura. Retail and restaurant concepts including The Salty, If So, Chip City and The Shade Store recently opened at the property, while Tremble, Bank of America and Hästens will open this summer. Pura Vida Miami, Salt & Straw, Starbucks Coffee, Wairua Beauty and Next Health are expected to open this fall. Additional stores that will be arriving later in the year include 7th …

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Greenwood Mall
Company newsKentuckyLeasingNews

Centennial to Manage Greenwood Mall in Bowling Green, Kentucky

by Abby Cox

Bowling Green, Ky. — Dallas-based Centennial has been selected to provide management and leasing services for Greenwood Mall, an 851,576-square-foot regional mall in Bowling Green. Greenwood Mall, which is currently in receivership, will remain open and operational throughout the management transition. Greenwood Mall features more than 80 tenants such as Dillard’s, JCPenney, Belk, American Eagle, Bath & Body Works, Hibbett Sports, Victoria’s Secret, Suki Hana Japan, Subway, Sbarro, Auntie Anne’s and Cinnabon, as well as a 12-screen Regal Cinemas movie theater. Centennial currently operates 23 million square feet of mixed-use developments …

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5000 South Hulen
Investment salesNewsTexas

Whitestone REIT Acquires 86,907-Square-Foot Shopping Center in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Whitestone REIT has acquired 5000 South Hulen, an 86,907-square foot shopping center in Fort Worth. Located adjacent to Hulen Mall, Old Navy and Barnes & Noble anchor the property, which was 96 percent leased at the time of sale. Additional tenants include Sephora, Old Navy, Potbelly Sandwich Works, Sports Clips, Kincaid’s Hamburgers and Jamba Juice. Chris Gerard, Erin Lazarus and Adam Howells of JLL’s Investment Sales team represented the sellers, Trademark Real Estate and ALTO Real Estate, in the transaction. The acquisition of 5000 South Hulen marks …

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Pinecrest Square
FloridaInvestment salesNews

Native Realty Brokers $10.3 Million Sale of Pinecrest Square in Fort Lauderdale, Florida

by Abby Cox

Fort Lauderdale, Fla. — Native Realty has brokered the $10.3 million sale of Pinecrest Square, a 40,409-square-foot shopping center located in the Fort Lauderdale neighborhood of Cypress Creek. Tenants at the property include ChenMed, 7-Eleven, Jiffy Lube, Cheers Food and Spirits and Veterinary Emergency Group. Available spaces at the center range from 1,200 square feet to 4,000 square feet, with an available 1,000-square-foot medical office space. Jaime Sturgis of Native Realty represented the buyer, an entity doing business as 903 Cypress Creek LLC, in the transaction. An entity operating as …

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Wawa
DevelopmentIndianaNewsPennsylvania

Wawa Opens First Three Stores in Indiana, Plans Five More

by Abby Cox

Wawa, Pa. — Pennsylvania-based gas station and convenience store chain Wawa has opened its first three stores in Indiana. Located in Daleville, Nobleville and Clarksville, the new stores are the first of eight stores anticipated to open by the end of the year. Additional store locations in Indiana are planned in Brownsburg, Cumberland, Plainfield and Westfield. Wawa expects to open a store in Indianapolis at 3835 E. 96th St. in July. Wawa’s portfolio spans 1,125 stores, including store locations in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida, North Carolina, Alabama, …

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323 Marine Ave.
CaliforniaInvestment salesNews

Cushman & Wakefield Arranges $2.2 Million Sale of Retail Property in Newport Beach, California

by Abby Cox

Newport Beach, Calif. — Cushman & Wakefield has arranged the $2.2 million sale of a 1,300-square-foot freestanding retail building in Newport Beach. Situated within the Balboa Island shopping district at 323 Marine Ave., home goods retailer Blu Canoe occupies the site, which was originally built in 1930. Joseph Lising and Nathan Demosthenes of Cushman & Wakefield’s Capital Markets & Retail Services team represented the seller, a Newport Beach-based family office that previously owned the property for more than 30 years. A Newport Beach-based investor was the buyer.

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The Gathering at South Forsyth
DevelopmentGeorgiaMixed-useNews

Plan Approved for $3 Billion Mixed-Use Development in Metro Atlanta

by Abby Cox

Alpharetta, Ga. — The Forsyth County Board of Commissioners has approved plans for The Gathering at South Forsyth, a $3 billion mixed-use development located in Alpharetta, roughly 26 miles north of Atlanta. Situated near Ronald Reagan Boulevard and Union Hill Road, the 100-acre development will include an 18,000-seat arena as the centerpiece of the property, along with residential, retail and dining components. The project, which is led by Krause Sports and Entertainment, aims to attract a National Hockey League (NHL) expansion team to the region. The region hasn’t had an …

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Habersham Crossing
GeorgiaInvestment salesNews

Colliers Negotiates $10.6 Million Sale of 149,397-Square-Foot Shopping Center in Cornelia, Georgia

by Abby Cox

Cornelia, Ga. — Colliers has negotiated the $10.6 million sale of Habersham Crossing, a 149,397-square-foot shopping center located in Cornelia. Goodwill, Tractor Supply Co., Ross Dress For Less and Dollar Tree anchor the center, which was fully leased at the time of sale. Additional tenants include Bath & Body Works, Palm Beach Tan, TB Nails & Spa and Habersham Package. Scott Israel and Joe Montgomery of Colliers represented the seller, an entity doing business as Habersham ZMCS LLC, in the transaction.

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