Miami Beach, Fla. — Five new tenants have signed leases at Lincoln Road, a retail center located in Miami Beach. Scheduled to open late October, Hoka, Luli Fama and IT’SUGAR will occupy 3,128; 1,440; and 2,751 square feet, respectively. IT Italian Trattoria will also open a 3,300-square-foot restaurant in October, and Turkish dessert concept Turkish Delight has signed a 1,000-square-foot lease at the property.
Galleria, Liberty and Magnolia, Texas — Baker Katz has arranged three leases totaling 7,673 square feet in Texas on behalf of T-Mobile. The tenant will occupy 2,000 square feet and 3,339 square feet in Magnolia and Galleria, respectively, beginning in the first quarter of next year. Additionally, T-Mobile has opened a 2,334-square-foot store in Liberty. Jonathan Aron of Hunington Properties represented the landlord in the leasing negotiations in Liberty, and Court Richardson of Ironbridge represented the landlord in the Magnolia lease. Bunny McLeod of Wulfe represented the ownership of Golden Plaza, …
Aurora, Colo. — Essex Financial Group has arranged $13 million in financing for the acquisition of Summer Valley Shopping Center in Aurora. Blaire Butler and Matt Perigard of Essex’s Capital Markets team secured the 10-year, fixed-rate loan on behalf of the undisclosed buyer. Summer Valley Shopping Center was 99 percent leased to 18 retailers at the time of financing. Tenants at the property include VASA Fitness and Dollar Tree.
Cape Coral, Fla. —Thompson Thrift has sold two retail buildings totaling 24,000 square feet in Cape Coral. Situated within Cape Coral Commons, the multi-tenant buildings each comprise 12,000 square feet. Tenants scheduled to open at the properties include First Watch, Mission BBQ, Firehouse Subs, Tire Kingdom, Paragon Healthcare, Crumbl Cookies, PJ’s Coffee and Visionworks. David Hoppe of Atlantic Retail arranged the sale on behalf of Thompson Thrift. A California-based buyer acquired the buildings for an undisclosed price. Cape Coral Commons also features a third multi-tenant building currently under construction, as well …
Plainfield, Ind. — Theo’s Italian will open a 6,118-square-foot restaurant at The Shops at Perry Crossing, a shopping center located in Plainfield, roughly 18 miles outside Indianapolis. Scheduled to open this month, Theo’s marks the third food-and-beverage concept by Cunningham Restaurant Group at the property, joining Bru Burger Bar and Stone Creek Dining Co. JLL manages the center.
Montgomery Township, N.J. — SJC Ventures, a privately held commercial real estate and retail development firm based out of Atlanta, has broken ground on Montgomery Promenade in the New York City suburb of Montgomery Township. Situated on a 54-acre site on Route 206, Montgomery Promenade will comprise 292,700 square feet and feature palisades for walking, green spaces, outdoor dining and restaurants. According to the Montgomery Township website, the project also includes 34 single-family detached homes that buffer the existing homes on Route 518 and the new shopping center. A Whole Foods …
Attleboro, Mass. — RK Centers has acquired Bristol Place, a 414,404-square-foot shopping center located in Attleboro. Moving forward, the property, which was 96 percent leased at the time of sale, will be rebranded as RK Bristol Place. Tenants at the center include Market Basket, The Home Depot, T.J. Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture and Party City. An affiliate of Unison Realty Partners sold the property for an undisclosed price. Nat Heald represented the seller in the transaction.
Atlanta — Lincoln Property Co. has signed three restaurants to Echo Street West, its 19-acre mixed-use project currently underway in Atlanta’s Westside. Food-and-beverage concepts El Gordo Taqueria by Fuego Tortilla, Fresh Squeezed Mini Bar and Le Macaron will occupy 2,430; 1,917; and 895 square feet, respectively. Situated on The Atlanta Beltline Westside Connector, Echo Street West is being constructed in phases, with the initial development comprising 300,000 square feet of creative office space; 50,000 square feet of retail space; 292 residential units; and 3.4 acres of outdoor entertainment and greenspace. Plans …
Theodore, Ala. — Dorsey Development, an entity owned and operated by G. Paul Dorsey III, has purchased Island Road Shopping Center in Theodore. Winn-Dixie anchors the property, which totals 59,822 square feet. Other tenants at the center include Pizza Hut, Subway, Buddy’s Home Furnishings and Premier Nails.
New York City — Four new tenants have opened at Kings Plaza in New York City. Target, Primark, Zara and Burlington have opened stores in a space formerly occupied by Sears at the enclosed mall, which totals 1.1 million square feet in Brooklyn. The landlord, Macerich, has implemented targeted renovations at the property.
