South Windsor, Conn. — Whole Foods Market will open a new, 43,406-square-foot store in South Windsor. This will mark the fifth location for Whole Foods in the Hartford area. Situated within The Shops at Evergreen Walk, the store is scheduled to open Jan. 17 and will feature more than 1,000 local items from New England.
Inglewood, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $4.2 million sale of a retail center located in Inglewood. Dollar General anchors the 12,750-square-foot property, which was built in 1961 and renovated in 2004. Kevin Fryman, Carlos Lopez, Sean Cox and Alexander Moore of Hanley represented the seller, a Los Angeles-based private investor. Robert Toofer of Exclusive Realty represented the buyer.
El Paso, Texas — CBRE has arranged the sale of 5 Points Plaza Shopping Center in El Paso. The center, which comprises 23,300 square feet and was previously vacant for two decades, is currently undergoing renovations. Mexican restaurant Morra Mia will anchor the property beginning in the second quarter of next year. Rebecca Rojas of CBRE represented the buyer, an entity doing business as 2900 Pershing LLC, in the transaction.
Culver City, Calif. — Four new tenants have signed leases at The Culver Steps, a 120,000-square-foot mixed-use development located in Culver City, roughly 11 miles outside Los Angeles. Skincare concept Formula Fig has opened a 2,000-square-foot store at the property, and Yunomi Handroll has opened a 2,500-square-foot restaurant. Restaurants AFURI Ramen and Laurel Grill have also signed leases at the development and will occupy 2,600 and 7,500 square feet, respectively. AFURI Ramen is scheduled to open this month, and Laurel Grill will open next year.
North Las Vegas, Nev. — Shake Shack has opened a new drive-thru restaurant in North Las Vegas, roughly 3 miles outside Las Vegas. This marks the first drive-thru for Shake Shack in Nevada and the fifth location for the brand in the state. Shake Shack’s presence in the United States currently includes more than 320 restaurants across 33 states.
Savannah and Tybee Island, Ga. — PRIMO Partners has acquired two Ben & Jerry’s stores in Georgia, making the organization the only operator of the brand in the state. The shops, which are located in Savannah and Tybee Island, will hold grand re-openings in 2024. PRIMO’s multi-brand portfolio now comprises 20 stores across metro Washington, D.C., Florida, Georgia, Missouri, North Carolina, South Carolina, Tennessee and Texas.
Bossier City, La. — An affiliate of Cordish Cos. doing business as LRGC Gaming Investors LLC has broken ground on Live! Casino & Hotel Louisiana, a $270 million development in Bossier City. Scheduled to open in 2025, the Live! Casino & Hotel Louisiana will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness center; 25,000-square-foot events center; structured and surface parking; and 30,000 square feet of dining and entertainment venues, including Cordish brands …
Santa Ana, Calif. — Tabani Group has acquired Bristol Marketplace, a 107,687-square-foot retail center located in Santa Ana, for $16.7 million. A two-story, 99,751-square-foot space formerly occupied by Kohl’s and adjacent shop space occupy the property. Gleb Lvovich, Daniel Tyner, Geoff Tranchina and Conor Quinn of JLL Capital Markets Investment Sales Advisory represented the seller in the deal.
Coral Springs, Fla. — Continental Realty Corp. (CRC) has sold Cypress Run Marketplace, an 87,000-square foot retail center located in Coral Springs, for $23.3 million. The Q.V.H. Corp. acquired the property, which was constructed in 1989 and was fully leased at the time of sale. Walmart Neighborhood Market anchors the center, and Popeye’s Louisiana Kitchen recently signed a 15-year lease at the property. CRC originally acquired Cypress Run Marketplace in 2015 for $13.6 million and executed more than 17,000 square feet of leases during its ownership. Dennis Carson, Sriram Rajan and …
Washington, D.C. — Retail spending in November aligned with expectations and portends a strong holiday season, reports the National Retail Federation (NRF). Citing information for November provided by the U.S. Census Bureau, the NRF says that core retail sales — excluding automobile dealers, gasoline stations and restaurants — were up 3.3 percent year-over-year on a three-month moving average. According to the bureau, overall retail sales in November were up 4.1 percent year-over-year. The NRF predicts that holiday retail sales, which fall between Nov. 1 and Dec. 31, will meet the federation’s …