North Wilkesboro, N.C. — Legacy Realty Group Advisors has arranged the sale of North Park Centre, a 38,500-square-foot shopping center located in North Wilkesboro. Food Lion anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
Cherry Hill, N.J. — UNIQLO will open an 8,200-square-foot store at Cherry Hill Mall in Cherry Hill. Situated on the mall’s first level, the store will mark the sixth in the state for the retailer. PREIT is the owner and operator of the property.
Kissimmee, Fla. — Concord Summit Capital has arranged a $42 million bridge loan for the financing of The Promenade at Sunset Walk—Margaritaville Resort, a retail center located in Kissimmee, roughly 22 miles outside Orlando. The 14-building property comprises 192,659 square feet and is situated within the 325-acre master-planned community of Sunset Walk. Kevin O’Grady and Justin Neelis of Concord Summit secured the financing through BridgeInvest on behalf of the borrower, Encore Capital Management. The property’s inline space was fully leased at the time of financing, with one vacant pad space available. …
Vacaville, Calif. — JLL Capital Markets has brokered the $29.2 million sale of Power Plaza, a 112,250-square-foot retail center located in Vacaville, approximately 30 miles outside Sacramento. Built in 1993 and 1994, the property was 96 percent occupied at the time of sale. Sprouts Farmers Market anchors the center. Other tenants include Restoration Hardware Outlet, Williams Sonoma Home Outlet, Pacific Dental Services, The Good Feet Store and Banfield Pet Hospital. Eric Kathrein, Tim Kuruzar, Warren McClean and Andy Spangenberg of JLL represented the seller, ProEquity Asset Management. DPI Retail acquired the …
Walnut Creek, Calif. — Newmark has negotiated the sale of Midtown Plaza, a 24,867-square-foot retail center located in Walnut Creek. The property was fully leased at the time of sale to tenants including Galpao Gaucho Brazilian Steakhouse and Premier Bath & Kitchen. Nicholas Bicardo, Rick Steffens and Cheyne Bloch of Newmark represented the undisclosed seller in the transaction. L&B Realty Advisors represented the buyer, an institutional client.
Southampton, Pa. — Five Below will open a 9,000-square-foot store at Southampton Shopping Center in Southampton, roughly 25 miles outside Philadelphia. The center is owned by ShopOne Centers REIT. Scheduled to open later this year, the brand will take over a space previously occupied by Tuesday Morning. Other tenants at the property include Giant Food, Pet Supplies Plus, Fine Wines and Spirits, Citizen’s Bank and Massage Envy.
Crofton, Md. — Two new tenants will join the roster at Seven Oaks Shopping Center in Crofton. Jersey Mike’s and Bruster’s Ice Cream will occupy a 3,046-square-foot pad site at the property, which is anchored by Weis Markets. Brandon Howard of Divaris Real Estate represented the landlord in the lease negotiations.
Happy Valley, Ore. — CBRE has arranged the sale of a 146,888-square-foot property located in Happy Valley, a suburb of Portland. Formerly occupied by Sears, the building is physically attached to the adjacent Clackamas Town Center mall, which totals 1.4 million square feet. Dick’s Sporting Goods partially backfilled the property in 2019 and opened in 2020 following the departure of Sears in 2018. The remainder of the building, including two 15,000-square-foot ground-level spaces and a 64,000-square-foot upper-level space, remains vacant. Dino Christophilis and Daniel TIbeau of CBRE represented the undisclosed seller …
Dublin, Ohio — The Wendy’s Co. has announced plans to open more than 200 new restaurants through 2024. The new restaurants will feature the brand’s Global Next Gen design, which features a dual-sided kitchen, self-order kiosks and a dedicated delivery pick-up window and parking spaces. “The Global Next Gen future-forward design unlocks 400 times the capacity for digital orders, accelerating the system’s digital growth,” says Abigail Pringle, president of international and chief development officer with the company.
Austin, Texas — A partnership between Ivy Cos. and 35 South Capital has acquired Casis Village, a 48,500-square-foot shopping center located in Austin. Randalls anchors the property, and other tenants include Tarrytown Pharmacy, Starbucks Coffee, Benchmark Bank, Estilo Boutique, Food Food and L Majors Jewelers. Dan Frey of Endeavor Real Estate Group represented the seller, the Bryant Family, which built the center in 1952. Rue Realty will lead leasing efforts at the property. Heritage Title was the title company for the transaction.
