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.
Fresno, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $15.8 million sale of Ash Tree Square, a retail center located in Fresno. Tenants at the property, which totals 80,877 square feet situated on 7.5 acres, include Ross Dress for Less, Starbucks Coffee, Wing Stop and Mountain Mike’s Pizza. Alexander Moore, Sean Cox and Kevin Fryman of Hanley represented the private, California-based seller in the transaction. A California-based private investor acquired the property.
Atlanta — Hospitality group 200 Peachtree is underway on the development of two restaurants located at 200 Peachtree Street in downtown Atlanta. SKOL Brewing Co., a craft brewery, will comprise 5,000 square feet and is expected to open later this year. Food, beverage and entertainment hall Valhalla Social is scheduled to open in spring or summer 2024 and will total 15,000 square feet, with seating for roughly 300 people. CNNA Architects is the architect for both projects.
Salem, Ohio — The Cooper Commercial Investment Group has arranged the $2 million sale of Salem Market Place in Salem, a city in Northeast Ohio. Tenants at the 16,252-square-foot property include Super Cuts, Sally Beauty Supply, GameStop, Little Caesar’s, Gadget Lab, Alternative Smokes, Hibachi Express and Drayer Physical Therapy. Dan Cooper and Bob Havasi of Cooper Group represented the seller, a West Coast-based investor. The center was 83 percent occupied at the time of sale.
Pearl, Miss. — Marshalls will open a 21,160-square-foot store at Outlets of Mississippi, a retail outlet center located in Pearl, roughly five miles outside Jackson. Scheduled to open later this summer and marking the eighth location in the state, the store will be situated in a space formerly occupied by Saks OFF 5TH. Other tenants at Outlets of Mississippi, which totals 325,000 square feet, include Polo Ralph Lauren Factory Store, Nike, Cole Haan, Coach Outlet, Levi’s, Michael Kors, Gap Factory Store and Under Armour.
West Hollywood, Calif. — JLL has arranged a 392-square-foot lease at a retail property in West Hollywood. European home fragrance and décor brand Baobab Collection will occupy the space, marking the second location in the country for the brand. The store is scheduled to open at the end of the year. Houman Mahboubi and Marisa Renfro of JLL represented Baobab in leasing negotiations.
White House, Tenn. — The Sembler Co. has announced plans for White House Shops, a 75,000-square-foot retail center to be developed in White House, roughly 30 miles outside Nashville. Publix has signed a 48,387-square-foot lease to anchor the property, which will also feature 11,000 square feet of adjacent retail space and 9,000 square feet of shop space across two additional buildings. Completion of the project is scheduled for next summer. Semblar acquired the 20-acre site earlier this month from a private owner for an undisclosed price.
Marietta, Ga. — JLL Capital Markets has brokered the sale of Merchant’s Festival, a 53,559-square-foot retail center located in Marietta, roughly 20 miles northwest of Atlanta. Tenants at the property, which was 85 percent leased at the time of sale, include Which Wich, Leslie’s Swimming Pool Supplies, Verizon, Orange Theory Fitness, Pearle Vision Express and Learning Express Gifts. Target shadow anchors the center. Jim Hamilton, Brad Buchanan and Anton Serafini of JLL represented the seller, a real estate fund advised by Crow Holdings Capital. Last Mile Investments acquired the property for …
New Bedford, Mass. — Protective Life, the Alabama-based holding company of Protective Life Insurance Co., has provided a $10.5 million refinancing for Rockdale Plaza, a 100,015-square-foot shopping center located in New Bedford. Stop & Shop anchors the center. The borrower, Yale Realty Services Corp., acquired the property in 1997.
