Windsor, Conn. — First National Realty Partners (FNRP) has acquired Windsor Court, a 78,500-square-foot shopping center located in Windsor, roughly 10 miles outside Hartford. A 64,195-square-foot Stop & Shop anchors the property. Other tenants include AT&T, Windsor Court Wine, Great Clips and Edible Arrangements. Paul Penman and Johnathan Martin of Newmark represented the undisclosed seller in the transaction.
Alhambra, Calif. — Three tenants have signed leases at The Shops at The Alhambra, a 17,800-square-foot retail center located in Alhambra. Labcorp and Johnny Rockets-Hurricane Grill will each occupy 2,000 square feet, and Burnt Belly will open a 1,640-square-foot restaurant at the property. The Ratkovich Co. is the landlord. GE Property Management represented The Ratkovich Co. in all the leasing negotiations. CBRE represented Labcorp, and Jack M. Bennett represented Fat Brands in the leasing negotiations for Johnny Rockets-Hurricane Grill. GE Property Management also represented Burnt Belly.
Woodbridge, Va. — A joint venture between Ideal Realty Group, Rock Creek Property Group and The Sigmund Cos. has purchased a portfolio of four regional shopping centers in Woodbridge for $52.8 million. The properties total 470,000 square feet and include Center Plaza, Mapledale Plaza, Forestdale Plaza and Glendale Plaza, all of which are located within three miles of each other along Dale Boulevard. The centers were 90 percent leased at the time of sale to tenants including Giant Food, Truist Bank, CVS/pharmacy, Ace Hardware, Advance Auto Parts, Wells Fargo and Dollar …
Tampa, Fla. — Marcus & Millichap has brokered the $7.3 million sale of a freestanding store located in Tampa. Publix occupies the 64,031-square-foot property on a net-lease basis. Situated on 6.3 acres, the store was built in 1977 as an Albertsons. Evan Cannan and Reid Thedford of Marcus & Millichap represented the seller, a private investor whose family has owned the land for nearly a century. Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap procured the buyer.
Key West, Fla. —Orion Buying Corp. has acquired a 10,174-square-foot property located in Key West for $5.3 million. Walgreens occupies the building, which formerly housed the historic Strand Theater and also includes two residential apartments. Kevin Sanz of Orion Real Estate Group represented Orion Buying Corp., which is comprised of entities doing business as Limestone Ruby Raleigh LLC, Limestone Ruby Loganville LLC and Limestone Ruby Lithia Springs LLC. Brian Pfohl of CBRE represented the seller, Walgreens Co. Ocean Bank is providing financing for the transaction.
Miami, Fla. — Four restaurants will join the food-and-beverage lineup at Miami Worldcenter, a 27-acre, $6 billion mixed-use development currently underway in Miami. Serafina and Sixty Vines will lease 8,176 square feet and 8,672 square feet, respectively. NDM Hospitality Services will also open a dual-concept venue featuring BurgerFi and Anthony’s Coal Fired Pizza & Wings. Together, the two restaurants will occupy 3,835 square feet of space. Each of the restaurants is scheduled to open next year. CIM Group and The Comras Co. lead retail leasing efforts at the project.
Arlington, Texas —STRIVE has arranged the sale of College Crossing, a 13,910-square-foot retail strip center located in Arlington. Hudson Lambert of STRIVE represented the seller and procured the buyer in the transaction. The center was fully leased at the time of sale to tenants including Caress Dental, Soleil Cutz, Crown’s BBQ and Foxi Nails.
Rowlett, Texas — Phillips Edison has acquired Lake Pointe Market, a 40,589-square-foot retail center located in the Dallas suburb of Rowlett. Tenants at the property, which was 97 percent leased at the time of sale, include PetCo, DCP Equity Partners, Burger Island, OneMain Financial, Bank of America, Verizon and SuperCuts. Adam Howells, Chris Gerard and Megan Babovec of JLL represented the seller, Main Street Investment Co., in the transaction.
Pigeon Forge, Tenn. — Kingsmen Xperience and Bright Play have announced plans for NERF Action-Xperience (NAX), an entertainment center that will total more than 29,000 square feet in Pigeon Forge. Scheduled to open next fall, the attraction will feature blaster battle zones, sports challenges and an obstacle course, as well as a food and beverage area and retail store. This marks the second location, with the first NAX center in New Jersey. NERF is a Hasbro brand.
Waukesha, Wis. — Marcus & Millichap has brokered the $14.9 million sale of a 112,010-square-foot shopping center in Waukesha, a western suburb of Milwaukee. Sendek’s Grocery Store anchors the property. Other tenants include Walgreens, McDonald’s and Cost Cutters. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, an undisclosed limited liability company. The team also procured and represented the buyer, a Michigan-based limited liability company.
