San Diego — NOVO Brazil Brewing Co. has opened an 11,500-square-foot restaurant and sports bar within Mission Valley, a 1.1 million-square-foot open-air shopping center located in San Diego. Situated within a space formerly occupied by Tilted Kilt, the concept features an 8,000-square-foot dining room, 3,500-square-foot outdoor patio, a 40-seat bar and extensive LED video walls for viewing sporting events. Other tenants at Mission Valley include Target, Nordstrom Rack, Macy’s Home, Michael’s, Bloomingdale’s Outlet, 24-Hour Fitness, Yard House, Outback, Buffalo Wild Wings and AMC.
Henderson, Nev. — LOGIC Commercial Real Estate has arranged the sale of Emerald Island and Rainbow Club Casino in downtown Henderson. An affiliate of ECL Water Street LCC, a Las Vegas-based company with 45 properties in three states, acquired the properties from Tim Brooks for an undisclosed price. The buyer company is led by Ron Winchell and Marc Falcone. Tim Brooks, former owner, will continue overseeing both properties’ day-to-day operations as general manager. Comprising approximately 2.7 acres, the portfolio features a combined gaming machine count of approximately 768 and each property …
Lexington, Ky. — RD1 Spirts has signed on to join as an anchor tenant at The Commons, a 40-acre mixed-use development in downtown Lexington. The locally based bourbon brand plans to invest $4.8 million to develop the two-story distillery spanning 10,215 square feet and including an entrance off Main Street. The venue will include outdoor seating on both levels, four private tasting rooms, a glass-enclosed research-and-development space for wood finishing for RD1’s bourbon barrels, VIP speakeasy tasting room, craft cocktail bar and a gift shop. RD1 plans to open the distillery …
Normal, Ill. — Marcus & Millichap has negotiated the $2.5 million sale of two retail centers located in the college town of Normal. The adjacent properties are located near Illinois State University. Totaling approximately 17,500 square feet, the centers are primarily leased to local tenants including a marijuana dispensary, coffee shop, pizza parlor, regional medical provider and laundromat. Eric Bell, Jordan Callaway and Mitchell Kiven of Marcus & Millichap represented the seller, a real estate developer.
Fountain Inn, S.C. — Marcus & Millichap has arranged the $7.3 million sale of a 4,650-square-foot single-tenant property located in Fountain Inn. 7-Eleven occupies the newly constructed property on a 15-year net lease with a corporate guarantee. Austin Weisenbeck, Sean Sharko and Timothy Nichols of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, a limited liability company. Benjamin Yelm of Marcus & Millichap assisted in closing the sale as the South Carolina broker of record.
Brunswick, Ga. — Buc-ee’s will develop a 74,000-square-foot travel center in Brunswick. Construction is scheduled to begin Jan. 29 with a groundbreaking. Upon completion, the property will feature 120 fueling stations, as well as a store offering snack, meal and drink options. Buc-ee’s currently operates 47 stores throughout Texas, Alabama, Florida, Georgia, Kentucky, South Carolina, Missouri and Tennessee.
Millington, Tenn. — Quantum Real Estate Advisors has brokered the $2.3 million sale of a new single-tenant property in Millington. Whataburger will occupy the building on a ground-lease basis. The property is currently under construction. Zack Hilgendorf and Nick Hilgendorf of Quantum represented the seller, a Southeast-based developer, in the transaction.
Oak Lawn, Ill. — A joint venture between Core Acquisitions and T2 Capital Management has sold a fully leased two-tenant retail center located in the Chicago suburb of Oak Lawn. Chicago Title and Hassleless Mattress occupy the center. A California-based buyer acquired the property, which recently underwent a full renovation, for $2.1 million. Chad Firsel and Brett Berlin of Quantum Real Estate Advisors represented the seller in the transaction.
Frederick, Md. — X-Golf America will open a 13,414-square-foot entertainment venue in Frederick, marking the company’s largest location to date. Situated within the 200,000-square-foot Westview Promenade, the store is scheduled to open this month. In addition to eight indoor golf simulators, the venue will feature full-service sports bar and restaurant. Ashley Zito and Danielle Bridge represented the landlord, Hill Management Services, in the lease transaction on an internal basis. Franchisees Jillian and Matthew Louden will own and operate the facility. X-Golf America’s portfolio currently includes more than 80 stores across 36 …
Gilbert, Ariz. — Phoenix Commercial Advisors has negotiated the $19.5 million sale of Chandler Heights Village, a shopping center located in Gilbert, roughly 22 miles outside Phoenix. Totaling 50,763 square feet, Chandler Heights Village was fully leased at the time of sale. Tenants at the center include Papa John’s, Leslie’s, Edward Jones, Jersey Mike’s Subs and Phoenix Children’s Academy. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal.