Manhattan, Kan. — RockStep Capital has acquired Manhattan Town Center, a 367,000-square-foot shopping center located in Manhattan. Developed in 1987, the property features more than 50 shops and restaurants within a single, enclosed level layout. Tenants include Dillard’s, JCPenney and an AMC Dine-In IMAX Theater.
Houston — Marcus & Millichap has arranged the sale of Shoppes at Kingsgate, a 156,343-square-foot retail center located in Houston. Built in 1980 and renovated in 2013, the center was 95 percent occupied at the time of sale. Aldi anchors the property, which is situated within the Kingwood master-planned community. Other tenants include Cell Doc, Binh’s Tailor, Trademark Kitchen & Bath, The Mint National Bank, Schlotzky’s and On the Park Toy Store. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller in the transaction.
San Antonio, Texas — Texas-based fast-casual chain Whataburger has announced plans to expand into South Carolina. Beginning in summer 2024, the brand will open restaurants in Greenville, Mauldin, Irmo, Spartanburg, Anderson, Boiling Springs, Lexington, Duncan and Easley. Current plans include a total of 10 restaurants.
Hilton Head, S.C. — TJX brand Homesense has signed a 29,000-square-foot lease to anchor Sea Turtle Marketplace in Hilton Head. Scheduled to open in spring 2024, the store will be the first for the brand in South Carolina. Other tenants at the newly redeveloped retail center, which totals 100,000 square feet, include Starbucks Coffee, West Marine, PetSmart, Golf Galaxy, Gusto Ristorante, Tai Chi Massage Spa, Island Nail Spa, Blaze Beauty Studio, Jersey Mike’s, Orange Theory Fitness and Parker’s Kitchen. Melissa McDonald of The Providence Group represented the tenant in lease negotiations. …
San Rafael, Calif. — JLL Capital Markets has negotiated the $3.3 million sale of a single-tenant building located in San Rafael, roughly 20 miles outside San Francisco. El Pollo Loco, a fast-casual restaurant chain, occupies the 2,626-square-foot building on a triple-net-lease basis, with 13 years remaining on the lease. Eric Kathrein and Warren McClean of JLL brokered the transaction. El Pollo Loco occupies the building in San Rafael, California.
Spring Hill, Fla. — A joint venture between the Sembler Co. and Forge Capital Partners has completed a $13.3 million redevelopment of Hernando West Plaza, a retail center located in Spring Hill. The partnership, dubbed Forge Real Estate Partners IV, acquired the property in 2020 before commencing the 11-month redevelopment project. Construction included the demolition of an existing 46,000-square-foot grocery store and 9,800 square feet of inline shop space, originally built in 1980. A new 45,000-square-foot grocery storefront has been constructed, as well as an adjacent 3,200 square feet of shop …
Springfield, Ill. — Marcus & Millichap has brokered the $3.9 million sale of Springfield Commons, a retail center in Springfield. The property totals 15,680 square feet. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Steven Weinstock assisted in closing the sale as Marcus & Millichap’s Illinois broker of record.
Danville, Calif. — JLL has arranged three leases totaling 53,000 square feet at Blackhawk Plaza, a 250,000-square-foot retail center located in Danville, roughly 30 miles outside San Francisco. Combat Sports Academy, Apple Cinemas and OsteoStrong will occupy 26,000; 26,200; and 1,530 square feet, respectively. The new tenants are scheduled to open at the property in 2024. Other tenants at the center include Gameday VR, Starbunni Arcade and Posh Nail Bar. JLL represented the landlord, Ramanujan Group, in the lease negotiations, as well as Combat Sports Academy. Jeff Badstubner and Justin Choi …
Fort Worth, Texas — Younger Partners has rebranded Crockett Row, a mixed-use development comprising 282,805 square feet across five city blocks in Fort Worth, as Artisan Circle. Tenants include more than 25 dining, wellness and entertainment retailers, and Tierra Mediterranean, La Cabrona, Si Tapas and Rose Couture Nail Bar are scheduled to open at the development in the first quarter of 2024. The rebranding includes plans for redevelopment, which will include the installation of new hydraulic elevators in three parking garages, hardscape improvements in the central courtyard and improvements to lighting …
Peachtree City, Ga. — Warby Parker will open a 2,004-square-foot store at The Avenue Peachtree City, a retail center located in Peachtree City, roughly 30 miles outside Atlanta. Scheduled to open spring 2024, the store will be located between Barnet & Co. and European Wax Center. JLL manages the property.
