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Almaden-Safeway-Center_San-Jose-Calif
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $20.5 Million Financing for Retail Center in San Jose, California

by Hayden Spiess

San Jose, Calif. — JLL Capital Markets has arranged a $20.5 million loan for the refinancing of Almaden Safeway Center, a 143,452-square-foot retail center in San Jose. Safeway anchors the property, which comprises three buildings situated on 11.6 acres and was fully leased at the time of financing. Other tenants at the center include JoAnn’s Fabrics, McDonald’s, T-Mobile and Savers. Bruce Ganong, Lillian Roos and Matthew Mingrone of JLL secured the ten-year, fixed-rate financing through RGA Reinsurance Co. on behalf of the borrower, Brothers International Holding Corp.

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Publix_Innovation-Commons_Wesley-Chapel
DevelopmentFloridaGrocery-anchoredLeasingNews

Ryan Cos. Completes 59,657 SF Publix Store at Master-Planned Development in Wesley Chapel, Florida

by Hayden Spiess

Wesley Chapel, Fla. — Ryan Cos. has opened a new Publix grocery store, which will serve as the anchor tenant of Innovations Commons, a retail center situated within the 900-acre Epperson Ranch master-planned development in Wesley Chapel. In addition to Innovations Commons, Epperson Ranch will feature single-family homes, a 200-room hotel and apartments. Innovation Commons will also include three outparcel developments for additional retail, restaurants and professional services.

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Downtown-Doral_Doral-Fla
DevelopmentFloridaMixed-useNews

Codina Partners to Add 25,000 Square Feet of Retail Space to Downtown Doral Development in Florida

by Hayden Spiess

Doral, Fla. — Codina Partners will add 25,000 square feet of retail space to Downtown Doral, the developer’s 250-acre mixed-use community in Doral. Established in 2005, the development features more than 40 existing restaurants and retailers, a cultural arts center, two charter schools and a government center. The new plans include the addition of 13 customizable retail units with a rooftop deck featuring amenities including pickleball courts. Plans also include 929 additional parking spaces. 

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Strickland-Brothers_Huntsville-Ala
AlabamaInvestment salesNet leaseNews

Hanley Brokers Sale of 1,725-Square-Foot Single-Tenant Property in Huntsville, Alabama

by Hayden Spiess

Huntsville, Ala. — Hanley Investment Group Real Estate Advisors has brokered the sale of a 1,725-square-foot single-tenant property located in Huntsville. Strickland Brothers 10 Minute Oil Change occupies the newly constructed property, which is situated within a Publix-anchored shopping center, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the developer and seller, N3 Real Estate. Andy Shipp of Sovereign Partners LLC represented the buyer, a private investor. 

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LeasingNewsTexas

American Girl to Open 14,720-Square-Foot Store in Dallas

by Hayden Spiess

Dallas — American Girl will open a 14,720-square-foot store next month at The Shops at Park Lane, a 33.5-acre mixed-use development in Dallas. In addition to the full range of American Girl dolls and accessories, the two-level store will feature a full-service café. Northwood Retail owns and operates The Shops at Park Lane. 

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Disneyland-Christmas-Parade
CaliforniaDevelopmentEntertainmentNews

Disney Proposes $1.9 Billion Expansion of Disneyland Theme Park in Anaheim, California

by Hayden Spiess

Anaheim, Calif. — The Walt Disney Co. (NYSE: DIS) has proposed a $1.9 billion expansion of its Disneyland Resort and surrounding neighborhood in Anaheim, south of Los Angeles in Orange County. If approved, the various new projects would be carried out within 10 years of the approval date, with the potential for another $600 million in capital investment to follow. The proposal, known as DisneylandForward, calls for new attractions and hotels to be constructed on the west side of Disneyland Drive. In addition, the theme park’s operators are looking to add …

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Grove-Central_Miami
FinanceFloridaMixed-useNews

Terra, Grass River Secure $245 Million Financing for Mixed-Use Project in Miami

by Hayden Spiess

Miami — Terra and Grass River have secured $245 in permanent financing for Grove Central, the developers’ recently completed mixed-use project in the Coconut Grove neighborhood of Miami. JP Morgan Chase & Co. issued the loan, which will be used to pay off the development’s existing construction loan, provided in 2021 by Apollo Global Management. The property features a 23-story residential tower, as well as 170,000 square feet of retail space. More than 95 percent of the retail space has been leased to tenants including Target, Sprouts Farmers Market, Club Studio, …

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University-Shopping-Center_Santa-Clara-Calif
CaliforniaGrocery-anchoredInvestment salesNews

Maven Brokers $15.9 Million Sale of Retail Center in Santa Clara, California

by Hayden Spiess

Santa Clara, Calif. — Maven Commercial has brokered the $15.9 million sale of University Shopping Center, a 2.9-acre retail center located in Santa Clara. Safeway anchors the property, which was fully leased at the time of sale. Tenants at the center include Taco Bell, Round Table Pizza and Wicked Chicken. An entity controlled by the Bushnell family sold the property, which is situated next to Santa Clara University, to Bay Properties Inc. Matthew Sheridan, Dominic Morbidelli and Santino DeRose arranged the sale.

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Athmar Park
ColoradoInvestment salesNews

Sidford Capital Buys Two Retail Centers in Colorado for $11.2 Million

by Hayden Spiess

Denver and Littleton, Colo. — Sidford Capital has acquired two shopping centers totaling 111,142 square feet in Colorado for $11.2 million. A Southern California-based private investor sold the portfolio, which includes Athmar Park Shopping Center, a 58,204-square-foot neighborhood retail center in Denver, and SouthPark Shopping Center, a 52,938-square-foot property located in Littleton. Family Dollar anchors Athmar Park, which was 77.5 percent occupied at the time of sale. SouthPark was 84.5 percent occupied at the time of sale. Ryan Bowlby and Drew Isaac of Marcus & Millichap represented the seller and procured …

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CaliforniaLeasingNewsRestaurants

Six Tenants Join MainPlace Shopping Center in Santa Ana, California

by Hayden Spiess

Santa Ana, Calif. — Six new tenants have joined MainPlace, a three-story shopping center located in Santa Ana. Eateries Cali Licious Crab and Brews, Yogurt Bear and Delight now occupy 4,899; 253; and 1,031 square feet, respectively. LA Custom Apparel + Accessories and Fiesta Center have also joined the lineup, opening 6,326- and 2,199-square-foot stores. Additionally, a 2,096-square-foot The Hype Makers Market is now open at the center, featuring a collection of individual maker booths with apparel, jewelry, décor, gifts and other products, including items from the Sleeping Cauldron, another retailer …

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