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DLC, DRA Acquire Four Retail Centers for $100 Million 

by Hayden Spiess

Elmsford, N.Y. — A joint venture between New York-based DLC Management Corp. and funds managed by DRA Advisors has acquired a portfolio of retail centers for $100 million. The portfolio comprises four properties located in Colorado, New Jersey, Arizona and Ohio. Located in Aurora, Colorado, Cornerstar totals 380,479 square feet and is anchored by Target, Marshalls, HomeGoods, 24 Hour Fitness, Nike and Ulta Beauty. Cross Keys Place in Sewell, New Jersey, comprises 147,694 square feet and is anchored by Michaels, Old Navy, Petco and Edge Fitness. The Shops at Prescott Gateway …

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DevelopmentLeasingNewsTexas

Two Tenants Sign Leases Totaling 52,530 Square Feet at Fort Bend Town Center in Metro Houston

by Hayden Spiess

Missouri City, Texas — Two new tenants have signed leases at Fort Bend Town Center, a multi-phase, 144-acre retail project currently underway by NewQuest Properties in Missouri City, roughly 20 miles outside Houston. EoS Fitness will occupy 40,000 square feet, and CoCo Bella has leased 12,530 square feet at the development. Bob Conwell and Andrew Alvis represented NewQuest in the lease negotiations on an internal basis. Jason Baker of Baker Katz represented EoS, and Joanna Temple Johnston of Temple Commercial Realty represented Coco Bella. Construction on Fort Bend Town Center began …

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GeorgiaLeasingNews

Halpern Signs Leases Totaling 26,450 Square Feet at Old Orchard Square in Ellijay, Georgia

by Hayden Spiess

Ellijay, Ga. — Halpern Enterprises has signed two new leases totaling 26,450 square feet at Old Orchard Square, a 131,200-square-foot shopping center located in Ellijay. Halpern has owned the property, which is anchored by a 68,000-square-foot Ingles, since 1994. Marshalls will replace Black Bear Antiques in an 18,000-square-foot space, and Five Below will occupy 8,450 square feet at the center. Other tenants include BenchMark Physical Therapy, Okinawa Restaurant, UPS, Pizza King and Farmer’s Home Furniture. 

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LeasingNewsTexas

Two Tenants to Join 76,229-Square-Foot Retail Center in Dallas

by Hayden Spiess

Dallas — Two new tenants have signed leases at Alpha Plaza, a 76,229-square-foot retail center located in Dallas. Sherlock’s Escape Rooms and The Aussie Grind Provisions will occupy 4,800 and 2,177 square feet, respectively. Melanie Hughes and Erik Blais of Bradford Commercial Real Estate Services, a partner of CORFAC International, arranged the leases on behalf of the landlord, an entity doing business as Kennington Alpha Plaza LLC. 

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LeasingMichiganNews

Farbman Group Arranges 4,000-Square-Foot LaundroLab Lease in Metro Detroit

by Hayden Spiess

Pontiac, Mich. — Farbman Group has arranged a 4,000-square-foot lease at Oakland Pointe Plaza in Pontiac, roughly 30 miles outside Detroit. Franchisees Leslie and Walter Czarnecki have opened a LaundroLab laundromat at the property, featuring high-tech washers and dryers, attendant service, a child playroom and vending machine. The franchisees plan to open laundromats in four additional locations. Carrie Weiss of NAI Farbman represented LaundroLab in the lease negotiations. 

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Investment salesNewsSouth Carolina

ZRP Acquires Wando Crossing in South Carolina for $46.8 Million 

by Hayden Spiess

Mount Pleasant, S.C. — Ziff Real Estate Partners (ZRP) has acquired Wando Crossing, a retail center located in Mount Pleasant, for $46.8 million. Marshalls/HomeGoods, TJMaxx, Total Wine & More, Petco, Ashley HomeStore, Michaels and Five Below anchor the property, which totals 214,029 square feet. Site Centers Corp. was the seller. 

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Franklin Street Arranges Sale of 66,387-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

McDonough, Ga. — Franklin Street has arranged the sale of Kelleytown Village, a 66,387-square-foot shopping center located at 3500 Highway 155 North in McDonough, roughly 30 miles southeast of Atlanta. Publix anchors the property, which was constructed in 2022. Other tenants at the center include Your Pie, Allure Nails, UPS and 100% Chiropractic. Bryan Belk and John Tennant of Franklin Street represented the seller, Georgia- and Alabama-based Venture South Investments, in the transaction. The buyer and sales price were not disclosed. 

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CaliforniaLeasingNews

Kimco Signs Leases Totaling 50,133 Square Feet at Shopping Centers in California Bay Area

by Hayden Spiess

Jericho, N.Y. — Kimco Realty has signed leases totaling 50,133 square feet with 15 new tenants at 12 of its shopping centers located throughout the Bay Area in California.  Round Table Pizza and The Best Sandwiches now occupy 1,425 and 1,376 square feet, respectively, at Stevens Creek Central in San Jose. Viewpoint Interiors has opened a 1,100-square-foot store at Lakewood Village in Windsor, and Wingstop has opened a 1,560-square restaurant at Fulton Marketplace in Santa Rosa. In San Leadro, Removery has occupied an 1,800-square-foot space next to Foot Locker at Fashion Faire …

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LeasingNewsRestaurantsTexas

Five Restaurants to Join The Shops at Broad in Texas 

by Hayden Spiess

Mansfield, Texas — Five restaurants have signed new leases at The Shops at Broad, a retail center located in Mansfield. Portillo’s, Outback Steakhouse, Carrabba’s Italian Grill, Boomer Jack’s Grill and Chuy’s are scheduled to open next year at the property. Sam Kartalis of Younger Partners and John R. Weber of Weber & Co. arranged the leases on behalf of the landlord, Trez Capital.

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IllinoisLeasingNews

Starbucks, Cooper’s Hawk to Join Ogden Hill Shopping Center in Metro Chicago

by Hayden Spiess

Montgomery, Ill. — Starbucks Coffee and Cooper’s Hawk Winery & Restaurant will join Ogden Hill Shopping Center in Montgomery, roughly 45 miles east of Chicago. Both businesses are currently underway on construction and scheduled to open next year. Inland National Development Co. (INDC) sold the sites, as well as developed the site to be occupied by Cooper’s Hawk on behalf of the business. Other retailers at the center include Freddy’s Frozen Custard & Steakburgers, Popeyes Louisiana Kitchen, Sam’s Club, Menard’s, JCPenney, Walgreens, Sonic, Buona Beef, Goodwill Industries, Binny’s Beverage Depot, Dunkin Donuts, …

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