Excelsior Springs, Mo. — Legacy Realty Group Advisors has brokered the $2.2 million sale of Truman Center, a shopping center located in Excelsior Springs. The property totals 21,000 square feet and is leased to tenants including Great Clips, Sally Beauty Supply and Cricket Wireless. Jonah Warshaw and Ari Warshaw of Legacy represented both the buyer and seller in the transaction.
Boston — J. Safra Real Estate, an affiliate of international banking and investment firm Safra Group, has agreed to acquire the historic Faneuil Hall Marketplace in downtown Boston. Faneuil Hall traces its origins to 1742, when the site served as a meeting ground and a center of commerce for Boston residents and visitors. Today, the development is home to more than 80 individual businesses. The seller is Ashkenazy Acquisition Corp.
Dallas — Seven new tenants have joined the lineup at Work/Shop, a 12-acre mixed-use development located in Dallas. Triten Real Estate is the developer and landlord of the property, which features 81,500 square feet of retail space, in addition to office and green space. EVO Entertainment Prestonwood opened at the development in November, and Local Jonny’s, MAI (My Aesthetics Intelligence), Rose Couture Nail Bar and [solidcore] are scheduled to open later this year. Toast and juice bar Toastique is also scheduled to open at the property in February, and eatery Crisp …
San Jose, Calif. — JLL Capital Markets has arranged a $20.5 million loan for the refinancing of Almaden Safeway Center, a 143,452-square-foot retail center in San Jose. Safeway anchors the property, which comprises three buildings situated on 11.6 acres and was fully leased at the time of financing. Other tenants at the center include JoAnn’s Fabrics, McDonald’s, T-Mobile and Savers. Bruce Ganong, Lillian Roos and Matthew Mingrone of JLL secured the ten-year, fixed-rate financing through RGA Reinsurance Co. on behalf of the borrower, Brothers International Holding Corp.
Wesley Chapel, Fla. — Ryan Cos. has opened a new Publix grocery store, which will serve as the anchor tenant of Innovations Commons, a retail center situated within the 900-acre Epperson Ranch master-planned development in Wesley Chapel. In addition to Innovations Commons, Epperson Ranch will feature single-family homes, a 200-room hotel and apartments. Innovation Commons will also include three outparcel developments for additional retail, restaurants and professional services.
Doral, Fla. — Codina Partners will add 25,000 square feet of retail space to Downtown Doral, the developer’s 250-acre mixed-use community in Doral. Established in 2005, the development features more than 40 existing restaurants and retailers, a cultural arts center, two charter schools and a government center. The new plans include the addition of 13 customizable retail units with a rooftop deck featuring amenities including pickleball courts. Plans also include 929 additional parking spaces.
Huntsville, Ala. — Hanley Investment Group Real Estate Advisors has brokered the sale of a 1,725-square-foot single-tenant property located in Huntsville. Strickland Brothers 10 Minute Oil Change occupies the newly constructed property, which is situated within a Publix-anchored shopping center, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the developer and seller, N3 Real Estate. Andy Shipp of Sovereign Partners LLC represented the buyer, a private investor.
Dallas — American Girl will open a 14,720-square-foot store next month at The Shops at Park Lane, a 33.5-acre mixed-use development in Dallas. In addition to the full range of American Girl dolls and accessories, the two-level store will feature a full-service café. Northwood Retail owns and operates The Shops at Park Lane.
Anaheim, Calif. — The Walt Disney Co. (NYSE: DIS) has proposed a $1.9 billion expansion of its Disneyland Resort and surrounding neighborhood in Anaheim, south of Los Angeles in Orange County. If approved, the various new projects would be carried out within 10 years of the approval date, with the potential for another $600 million in capital investment to follow. The proposal, known as DisneylandForward, calls for new attractions and hotels to be constructed on the west side of Disneyland Drive. In addition, the theme park’s operators are looking to add …
Miami — Terra and Grass River have secured $245 in permanent financing for Grove Central, the developers’ recently completed mixed-use project in the Coconut Grove neighborhood of Miami. JP Morgan Chase & Co. issued the loan, which will be used to pay off the development’s existing construction loan, provided in 2021 by Apollo Global Management. The property features a 23-story residential tower, as well as 170,000 square feet of retail space. More than 95 percent of the retail space has been leased to tenants including Target, Sprouts Farmers Market, Club Studio, …
