Cut Off, La. — Dorsey Development Cos. has signed four new tenants to join the roster at Tarpon Heights Shopping Center, a 57,698-square-foot retail property in Cut Off. Dorsey recently completed renovations including replacing the roof and rebuilding the façade, following hurricane damage in 2021. Dollar General will return to its previous 11,398-square-foot space, and Bayou Ju Jitsu, El Viejon and Lafourche Parish Library have additionally leased space at the center.
Jupiter, Fla. — JLL Capital Markets has brokered the $39.1 million sale of Bluffs Square Shoppes, a 123,917-square-foot shopping center located in Jupiter. Constructed in 1986, the property is anchored by Publix. Other tenants at the center, which was 98 percent leased at the time of sale, include Walgreens, Uncle Eddie’s, Anthony’s Women Apparel, Goodwill, UPS, Toojay’s Deli and Cafe Solé. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented the seller, Sterling Organization, in the transaction. BPS Partners acquired the property.
New York City — Eastern Union has secured a $62.3 million loan for the construction of a mixed-use development in the Brooklyn borough of New York City. Upon completion, the property will total 105,000 square feet, including a 33,000-square-foot Lidl. The project will also feature an additional 12,000 square feet of retail space, 57 residential units, 12,000 square feet of office space and a 9,000-square-foot community facility. Abraham Bergman and Yossi Orzel of Eastern Union arranged the two-year, floating-rate financing through Invictus Real Estate Partners, Maxim Capital Group and Beach Point …
Oceanside, Calif. — Faris Lee Investments has arranged the $5.9 million sale of a retail pad located in Oceanside. A recently constructed Starbucks Coffee and Pacific Dental occupy the property, which is situated within Pacific Coast Plaza. Jeff Conover, Don MacLellan, Scott DeYoung and Chris DePierro of Faris Lee represented the seller, a California-based developer. Shaun Riley of Faris Lee represented the all-cash buyer in the 1031-exchange transaction.
El Segundo, Calif. — Oath Pizza will open a 799-square-foot restaurant within The Works shopping center in El Segundo. Scheduled to open Aug. 5, the location will mark the first in the state for the brand, which was founded in 2015. The El Segundo restaurant is the first of three locations to be developed in California by franchise group Brothers Empire. Brothers, comprised of partners Mandeep Singh, Kulwant Jafal and Garish Talwar, is also considering storefronts in Orange County and Carlsbad.
Sarasota, Fla. — Ian Black Real Estate has brokered the $8.2 million sale of Crowder Plaza, a 25,000-square-foot retail center located in Sarasota. Shadow-anchored by Ace Hardware, the center was fully leased at the time of sale to tenants including Big Top Brewery, Goodwill, The Granary, Blossom Nails, The Boutique Out East, Premier Tackle and Domino’s Pizza. George Brusco of Ian Black Real Estate represented the seller, an entity doing business as Crowder Enterprises LLC, in the transaction. Marny Lewis of Berkshire Hathaway HomeServices, Florida Realty represented the buyer, an entity …
Union, N.J. — All 120 Buy Buy Baby stores will close following the bankruptcy of its parent company, Bed Bath & Beyond, reports CNBC. Bed Bath & Beyond, which filed for Chapter 11 bankruptcy in April, previously planned to sell the chain, with brand management firm Go Global Retail interested in acquiring Buy Buy Baby and continuing to run its stores. Instead, Dream on Me Industries has purchased the brand’s trademark and digital assets for $15.5 million. Buy Buy Baby’s website reports that though stores currently remain open, they have “made the difficult …
Partners Real Estate Brokers Sale of 13,400-Square-Foot Retail Strip Center in Corpus Christi, Texas
Corpus Christi, Texas — Partners Real Estate has brokered the sale of River Court Shopping Center, a 14,000-square-foot retail strip center in Corpus Christi. Tenants at the property include First Cash Pawn, Pro Cleaners and Hu-Dat Noodle House. Gustavo Torres of Partners Real Estate represented the seller, an entity doing business as KCP River Court, in the transaction.
Cypress, Calif. — Seven new tenants are joining The Square Cypress, a mixed-use retail center located in Cypress, roughly 25 miles outside Los Angeles. Trader Joe’s has opened a store at the center, and BLK Dot Coffee, Board & Brew Specialty Sandwiches, Dr. Footman, El Zarape, The Kebab Shop and YogaSix have also signed leases at the property. The Square Cypress features 31,000 square feet of grocery, retail and restaurant space, with plans for the addition of an apartment community, hotel and medical office building.
Baltimore — Chasen Cos. has signed Puttshack to The Whitney, a five-story mixed-use building in Baltimore’s Harbor East neighborhood. Scheduled to open in late 2024, the space will mark the first Maryland location for the brand, which currently has nine locations in the U.S. The space will comprise roughly 25,000 square feet and feature three nine-hole mini-golf courses, private event space, two full-service bars and an outdoor patio space with 50-seat capacity.