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Topgolf Omaha
Investment salesNebraskaNet leaseNews

Hanley Brokers $7.7 Million Sale of Topgolf-Occupied Property in Omaha, Nebraska

by Hayden Spiess

Omaha, Neb. — Hanley Investment Group Real Estate Advisors has brokered the $7.7 million sale of a single-tenant retail property located in Omaha. Topgolf occupies the 24,496-square-foot building on a triple-net-lease basis. Built in 2020 on 10.2 acres, the property is situated near a Chipotle Mexican Grill, X-Golf and the site of a future nine-acre mixed-use development. Jeff Lefko and Bill Asher of Hanley represented the developer and seller, a locally based private investor, in the transaction. Ashish Wadhwani of Wadhwani Holdings represented the Houston-based buyer. 

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Balboa-Surf-Club-Post-Oak-Plaza_Houston
LeasingNewsTexas

Three New Tenants Open at Post Oak Plaza in Houston

by Hayden Spiess

Houston — Three new tenants have opened at Post Oak Plaza, a shopping center located in Houston. Retailers Arhaus, Kohler and Bassett Furniture now occupy 22,201; 4,036; and 9,597 square feet at the property, respectively. Other tenants at the center, which was 98 percent leased at the time of the openings, include Nando’s PERi PERi, Balboa Surf Club, Bluestone Lane, il Bracco and Kenny & Ziggy’s. LEVCOR is the landlord of Post Oak Plaza. Brittney Austin, Linda Rubiola and Rand Horowitz of Shop Cos. represented LEVCOR in the lease negotiations. 

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Town-Center-Plaza_East-Windsor-N.J
FinanceNew JerseyNews

Cronheim Secures $17.5 Million Financing for Two Shopping Centers in New Jersey 

by Hayden Spiess

East Windsor and Garwood, N.J. — Cronheim Mortgage has secured $17.5 million in financing for two shopping centers in New Jersey. Andrew Stewart, Dev Morris and Allison Villamagna arranged the financing on behalf of the borrower, a New Jersey-based real estate firm that specializes in the development and acquisition of retail properties in the state. Southern Farm Bureau Life Insurance Co. provided the financing for the first property, Town Center Plaza in East Windsor. The $11 million, long-term loan features a step-down prepayment structure in the final 10 years of the …

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Parkway-Shopping-Center_Allentown-Penn
Investment salesNewsPennsylvania

Marcus & Millichap Brokers $12.5 Million Sale of Parkway Shopping Center in Allentown, Pennsylvania

by Hayden Spiess

Allentown, Pa. — Marcus & Millichap has brokered the $12.5 million sale of Parkway Shopping Center, a 133,314-square-foot retail center located in Allentown. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap arranged the sale on behalf of the undisclosed seller. Neil Campbell and Ian Nordfors of IPA Capital Markets, a division of Marcus & Millichap, secured debt financing on behalf of the buyer. Metro Commercial and KW Commercial will continue to manage and lease the property on behalf of the new ownership. 

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LeasingNew HampshireNews

Anthropologie, FP Movement Sign Leases Totaling 10,125 Square Feet at The Mall at Rockingham Park in Salem, New Hampshire

by Hayden Spiess

Salem, N.H. — Retailers Anthropologie and FP Movement, the activewear branch of Free People, have signed leases at The Mall at Rockingham Park in Salem. Anthropologie will occupy 8,000 square feet, and FP Movement will occupy 2,125 square feet. Scheduled to open this fall, the stores will mark the first in the state for both brands. Simon is the owner and landlord of the property. 

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East-Ridge-Tenn-Shopping-Center
DevelopmentMixed-useNewsTennessee

Urban Story Ventures to Redevelop 160,000-Square-Foot Retail Center in Metro Chattanooga

by Hayden Spiess

East Ridge, Tenn. — Urban Story Ventures will redevelop a 160,000-square-foot retail center located in East Ridge, roughly 10 miles outside Chattanooga. The developer purchased the property — which features a 38,000-square-foot space formerly occupied by Food City, five retail outlet buildings and parking — last year. A roster of food-and-beverage, professional services and apparel retailers currently occupy a portion of the center. Plans call for a combination of renovations to existing suites, as well as new construction. Urban Story Ventures will reposition the property as a mixed-use development and plans to …

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Investment salesNewsTexas

NewQuest Arranges Sale of 139,538-Square-Foot Former Sam’s Club Store in Houston

by Hayden Spiess

Houston —NewQuest Properties has arranged the sale of a 139,538-square-foot retail building in West Houston. The vacant building, which is part of a larger development anchored by Target, Burlington and Marshalls, sits on 12 acres and was formerly owned and occupied by Sam’s Club. John Nguyen of NewQuest Properties represented the buyer, an entity doing business as SSS Marketplace on Eldridge LLC, in the transaction. James Namken and Kyle Knight of Weitzman represented the seller.

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Investment salesNewsTexas

Three Pillars Capital Acquires 16,000-Square-Foot Shopping Center in Frisco, Texas

by Hayden Spiess

Frisco, Texas — Three Pillars Capital has acquired Shops at The Gate, a 16,000-square-foot shopping center located north of Dallas in Frisco. Built in 2021, the property comprises two buildings situated on two acres. The center, which was fully occupied at the time of sale, is an outparcel to Domain at The Gate, a luxury apartment development. Mike Kennedy and Darrell Betts of Avison Young represented the seller, an undisclosed foreign investment group, in the transaction.

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DevelopmentLeasingMixed-useNewsRestaurantsTexas

Eight Food-and-Beverage Concepts Sign Leases at 324-Acre Realm at Castle Hills Development in Metro Dallas-Fort Worth 

by Hayden Spiess

Lewisville, Texas — Eight new food-and-beverage concepts have signed leases at The Realm at Castle Hills, a 324-acre mixed-use development currently underway in Lewisville in the Dallas-Fort Worth metro. Upon completion, the project will feature 1.5 million square feet of retail, office and restaurant space, in addition to multifamily units, a boutique hotel and an outdoor entertainment district. The new tenants include a dual Marble Slab Creamery/Great American Cookies shop, which will occupy 1,600 square feet, as well as Voodoo Brewing Co., which will occupy 4,346 square feet. Cocinero Mexican Restaurant, …

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GeorgiaLeasingNewsRestaurants

Kyuramen Opens 4,200-Square-Foot Restaurant in Metro Atlanta

by Hayden Spiess

Alpharetta, Ga. — Japanese ramen chain Kyuramen has opened a new restaurant in Alpharetta, a suburb of Atlanta. Totaling 4,200 square feet, the space can accommodate up to 110 guests. This marks the third location in the state for the brand, which currently operates 26 stores throughout the U.S., with plans to open 100 more restaurants by the end of 2024. 

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