Thousand Oaks, Calif. — Black Lion has purchased a retail center in Thousand Oaks for $8 million. Whole Foods Market anchors the 23,958-square-foot property, which was 55 percent occupied at the time of acquisition. The buyer plans to implement upgrades including a façade renovation, new roof and parking lot, as well as rebrand the property. Dan Tyner of JLL represented both the buyer and undisclosed seller in the transaction.
Dallas — Three new tenants have signed leases at Hillside Village, a retail center located in Dallas. Modern Animal has opened a veterinary clinic at the property. JuiceLand and Sephora will also open later this year and next year, respectively. Northwood Retail is the owner and landlord.
New York City — Fitness club 54D has opened a 7,000-square-foot gym in New York City. The gym will now occupy the ground floor of 125 West 25th Street, a 12-story building in Manhattan. Westbuilt Construction Managers and architecture firm THIRLWALL completed the $2.2 million renovation of the space. The project team also included Mija Architecture, Criterion Acoustics, NY Engineers and Stys Hospitality Initiative, the owner’s representative.
Ontario, Calif. — Left Coast Brewing Co. will open a 5,000-square-foot tasting room at The Collection, a 96,000-square-foot development currently underway in Ontario. Scheduled to open in the first quarter of 2024, the outpost will mark the third in the country for the company.
San Antonio — JLL has brokered the sale of Terrell Plaza, a 107,884-square-foot shopping center located in San Antonio’s Alamo Heights neighborhood. Built in 1986 and renovated in 2012, the center was 96 percent leased at the time of sale to tenants such as Ross Dress for Less, Dollar Tree, Five Below, Popshelf, Sherwin Williams and Sports Clips. Ryan West, Chris Gerard, John Indelli, Whitney Snell, Ryan Olive and Clay Anderson of JLL represented the seller, SITE Centers Corp. in the transaction. Property Commerce Dividend Fund acquired the property for an …
Valencia, Calif. — Centennial has acquired Westfield Valencia Town Center, a 1 million-square-foot shopping mall located in Valencia. Moving forward, the property, which was leased to more than 140 tenants at the time of sale, will be known as Valencia Town Center.
Lancaster, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2.7 million sale of a two-tenant retail building located in Lancaster. AutoZone and Precision Eyebrow Threading occupy the 6,999-square-foot property, which is situated on a 0.6-acre plot within a Target-anchored shopping center. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, an undisclosed private investor.
Savannah, Ga. — Terra Alma has begun leasing the retail space at a master-planned development currently underway in Savannah. Totaling 11,000 square feet, the space is situated within the EmmaJames at Savannah Harbor property along the Savannah River on Hutchinson Island, which also features apartments and townhomes. Amenities at the development will include a marina and outdoor concert theater. An undisclosed seafood concept has signed the first retail lease.
Pembroke Pines, Fla. —Terra has sold 16000 Pines Market, a 135,000-square-foot retail center located in Pembroke Pines, for $56 million. Situated on 13.2 acres and developed between 2020 and 2022, the property was fully leased at the time of sale. Publix anchors the center. Other tenants include Crunch Fitness, Burlington, First Watch Café, Verizon Wireless, Everglades Family Dental, Tropical Smoothie Café, Cheddar’s Scratch Kitchen, Jersey Mike’s Subs and MD-Now Urgent Care Center. The property also features two standalone parcels that house a U.S. post office and Regions Bank. Mark Gilbert and …
Chandler, Ariz. — Jewell Capital has sold SanTan Gateway North, a 123,558-square-foot retail center in Chandler. Coast Meridian Properties acquired the property for $26.6 million. Situated on 17.1 acres, the center is leased to tenants including Walmart Supercenter, O’Reilly Auto Parts, Dollar Tree, Sky Zone and Shane Co. Additionally, Wendy’s, Del Taco and JPM Chase occupy three outparcels. Darren Tappen, Nathan Thinnes and Peter Beauchamp of Kidder Mathews represented the seller in the transaction.
