Huntington Beach, Calif. — Six new tenants are set to open at Bella Terra, an 852,000-square-foot mixed-use development currently underway in Huntington Beach. The property is being developed by a partnership between DJM and PGIM. Philz Coffee is scheduled to open in July and Fogo de Chão will open in August, with Jan’s Health Bar and Snooze AM Eatery both set to open this fall. The Golf Bar will also open at the property this winter, and Sender One, an indoor climbing gym, will open next year. Additionally, Marila’s Mexican, previously …
Marcus & Millichap Arranges Sale of 210,482-Square-Foot Retail Center in Rocky Mount, North Carolina
Rocky Mount, N.C. — Marcus & Millichap has arranged $11.8 million sale of Sutter’s Creek Plaza, a 210,482-square-foot retail center located in Rocky Mount. Tenants at the property include Big Lots, Tractor Supply Co., Jo-Ann Fabrics and Harbor Freight Tools. French Traver and Kodi Traver of Marcus & Millichap represented the seller, a Florida-based private investor, in the transaction. Ben Yelm assisted in closing the sale as the North Carolina broker of record. A New York-based private investor acquired the center.
Galveston, Texas — JLL has negotiated the sale of The Plaza at Galveston Island, a 151,905-square-foot shopping center located in Galveston. Built in 1970, the property was 84.5 percent leased at the time of sale to tenants including Dollar Tree, Ross Dress for Less, Five Below, Beall’s Outlet, UPS, AT&T and Whataburger. Ryan West and John Indelli of JLL represented the seller, Harold A. Clark & Co., in the transaction.
Niagara Falls, N.Y. — JRW Realty has brokered the acquisition of a 102,062-square-foot single-tenant supermarket property located in Niagara Falls. Tops occupies the building on a net-lease basis. Melinda Marston of JRW represented the undisclosed buyer in the transaction. Chris Bosworth of CBRE represented the undisclosed seller.
San Diego — Fruit juice concept Sip Fresh has entered a three-unit franchise agreement with operator Kevin Tam for locations in metro San Diego. The deal includes the acquisition of an existing store located in the Westfield UTC Mall and plans for two additional locations in the area. Tam’s previous experience includes concepts Wetzel’s Pretzels and Sweetgreen, as well as other quick service restaurant brands and food trucks. Sip Fresh plans to sign 35 new franchise agreements by the end of the year.
Sandy Springs, Ga. — A partnership between CONNOLLY and Coro Realty has announced plans to reposition the retail portion of a 120,000-square-foot mixed-use development located in Sandy Springs, roughly 16 miles north of Atlanta. The partnership acquired the property in February 2022 for $40.5 million. Formerly known as Sandy Springs Gateway, the development will undergo capital improvements and be known as Chastain Market going forward. Improvements will include infrastructure improvements, increased connectivity among common areas and upgraded landscaping. New tenants will also join the property, with chef Kevin Maxey opening a …
Indian Land, S.C. — JLL Capital Markets has arranged the sale of Promenade at Carolina Reserve, a 221,054-square-foot shopping center located in Indian Land, roughly 20 miles south of Charlotte. TJ Maxx, Burlington, Ross Dress for Less, HomeGoods, Ulta Beauty, Petco and Dollar Tree anchor the property, which was fully leased at the time of sale. Built in 2018, the center is shadow anchored by ALDI. Jim Hamilton, Brad Buchanan, Tom Kolarczyk and Andrew Kahn of JLL represented the seller, Bandera Ventures, in the transaction. Rikky Goswami of Insight Property Group …
Atlantic City, N.J. — Tower Investments has developed ISLAND Waterpark, a 120,000-square-foot waterpark located at The Showboat Resort in Atlantic City. Scheduled to open June 30, the property features 11 slides, a surf simulator, man-made waterfall, rollercoaster, zipline course, treehouse, water sports pool, play area for children and a lazy river. Additionally, the waterpark includes six bars and a 10,000-square-foot adults-only space.
Brea, Calif. — Wood Investments Cos. has signed UFC GYM to open within a 30,000-square-foot retail property formerly occupied by Tower Records in Brea, roughly 30 miles southeast of Los Angeles. Scheduled to open in the third quarter of this year, UFC GYM will fully occupy the two-story, single-tenant building. Jim Manarino and Tracey Zimmerman of Manarino & Associates represented Wood Investments in the leasing negotiation.
New York City — Automaker Rivian has opened a 5,000-square-foot store in New York City’s Meatpacking district, marking the most recent location for its “Spaces” lineup, a collection of temporary and permanent experiential retail centers. Featuring a floor-to-ceiling glass storefront, the space will showcase the company’s flagship vehicles and offer product education and community programming. Rivian plans to introduce more Spaces stores throughout this year and 2024, with upcoming locations including Brooklyn, New York; Laguna Beach, California; and a 10,000-square-foot site in Austin, Texas.