Center Valley, Pa. —The Great Greek Mediterranean Grill has signed a 2,550-square-foot lease at The Promenade Shops at Saucon Valley, a retail center located in Center Valley. Scheduled to open early this summer, the restaurant will be situated between Lashes by Gab and Komé Fine Japanese Cuisine. Other new tenants at the center include J. Crew Factory, Fulton Bank, Club Champion, Handmade Mystic, FD Market and Turning Point. The property is also home to Promenade Pop-Up Shop, a 1,500-square-foot space featuring a rotating mix of local retailers.
New York City — JLL Capital Markets has arranged $395 million in refinancing for 70 Pine Street, a mixed-use property located in the Financial District of New York City. Originally built in 1932 and renovated in 2016, the 66-story property features 39,075 square feet of retail space, in addition to 612 rental residences and a 165-room hotel. Christopher Peck, Geoff Goldstein and Christopher Pratt of JLL secured the financing through Goldman Sachs on behalf of the borrowers, DTH Capital and Rose Associates. Retailers at the building include restaurants SAGA and Crown …
Leesburg, Fla. — A joint venture between The Sembler Co. and Forge Capital Partners, doing business as Forge Real Estate Partners V LP, has acquired Palm Plaza, a 133,419-square-foot retail center located in Leesburg. Crosspoint sold the property for $17.8 million. Publix anchors the property, which was 92 percent occupied at the time of sale. Other tenants at the center include Planet Fitness, Popeyes, Quest Diagnostics, Rent-A-Center, Firehouse Subs, Core Health, OneMain Financial, T-Mobile and The UPS Store. Brad Peterson, Whitaker Leonhardt and Tommy Isola of Colliers represented the seller in …
Mesa, Ariz. — Diversified Partners has broken ground on Eastgate Plaza, a 17-acre mixed-use project in Mesa. Tenants at the development will include Starbucks Coffee, d’Lite, Pure Barre, Fix FX, Fresh Monkee, Playa Bowls, Kolache Café, Farmer Boys, Ono Hawaiian BBQ, Vero Chicago Pizza, Swig, Euphoria Nail Salon, Mecham Orthodontics, MB2 Dental, Andi’s Hair Salon & Barbershop AVEDA, Discount Tire and The UPS Store. Eastgate Plaza will also feature a 91,911-square-foot Cambria Hotel, scheduled to open on Sept. 1, 2025. Elliot & Ellsworth Investment Properties owns the site. An entity led …
Fayetteville, Ga. — CBRE has arranged the sale of Fayette Pavilion, a 1.1 million-square-foot open-air retail center in Fayetteville, a city about 22 miles south of Atlanta. Fayette Pavilion is the largest open-air retail center in Georgia and also the most visited, with approximately 8.3 million annual visitors, according to CBRE. Developed on 106 acres from 1995 to 2003, the property is leased to tenants including Publix, Hobby Lobby, Burlington, Ross Dress for Less, Marshalls, PetSmart, Old Navy, pOpshelf, Dollar Tree and Five Below. Chris Decoufle, Kevin Hurley and Matt Karempelis …
Hicksville, N.Y. — JLL has arranged the sale of Broadway Commons, a 730,000-square-foot retail center in the Long Island community of Hicksville. The center was 97 percent leased at the time of sale to tenants including Round 1 Bowling & Amusement, Showcase 12 Cinema, H&M, Old Navy, Blink Fitness, Buffalo Wild Wings, On the Border, Hook & Reel, Panera Bread and Blaze Pizza. Jose Cruz, Kevin O’Hearn, J.B. Bruno and David Monahan of JLL represented the undisclosed seller in the transaction and procured the buyer, a partnership between KABR Group, BTF …
New York City — Rooftop Hospitality Group has signed a 15,000-square-foot lease at 520 Eighth Ave., a 26-story office tower in the Garment District of New York City. The tenant, which owns and operates 230 Fifth Ave. Rooftop Bar, plans to open a rooftop restaurant and lounge at the location. Planned construction at the site includes the addition of a floating deck system, new kitchen space and restrooms, as well as modifications to one of the building’s elevators. David Kaye and Matthew Mandell represented the landlord, GFP Real Estate, on an …
Atlanta — Matthews Real Estate Investment Services has hired Pierce Mayson and Kyle Stonis as senior vice presidents, Jeff Enck as first vice president and Boris Shilkrot as associate vice president. The veteran retail specialists join the company’s shopping center division from SRS Real Estate Partners, where they managed the sales of shopping centers in 17 different states across the Southeast, Midwest and Northeast. Collectively, Mayson, Stonis, Enck and Shilkrot have brokered the sales of $4 billion in career transactions over a combined 50 years. The group will operate from the …
Riverside, Calif. — Gantry has arranged a $12.8 million permanent loan for the refinancing of a 99,000-square-foot retail property located in Riverside. Stater Bros. Markets, AutoZone and Ross Dress for Less anchor the property, which is situated within the Citrus Landing shopping center. Braden Turnbull, George Mitsanas and Austin Ridge of Gantry secured the five-year financing through a life insurance company on behalf of the borrower.
Florence, Ala. — Legacy Realty Group Advisors has brokered the $8.4 million sale of Florence Plaza, a retail center located in Florence. Ollie’s Bargain Outlet, Crunch Fitness, AutoZone and Badcock Furniture anchor the property, which totals 150,000 square feet. Jacob Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.