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IllinoisInvestment salesNews

Colliers Arranges $10.5 Million Sale of Eight-Property Retail, Industrial Portfolio in Metro Chicago

by Hayden Spiess

Chicago — Colliers has arranged the $10.5 million sale of a portfolio comprising seven retail properties and one industrial building in metro Chicago. The sale represents the first part of a multi-phase transaction that includes 22 retail properties, three land sites and one industrial building. Peter Block and Rachel Patten of Colliers represented the seller, a family office, in the disposition of the properties to Arnold Meyer & Co. Block expects to close on the remaining properties in the portfolio this summer.

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Investment salesNewsTexas

SHOP Cos. Brokers Sale of 23,609-Square-Foot Shopping Center in Dallas-Fort Worth Metro

by Hayden Spiess

Frisco, Texas — SHOP Cos. has brokered the sale of Custer Road Commons, a 23,609-square-foot shopping center located in Frisco, roughly 30 miles north of Dallas. Situated on 4.3 acres, the center was fully leased at the time of sale to tenants including Starwood Café, My Eyelab, Jason’s Deli, Zenith Clinic and Novuskin. Tim Axilrod and Tayler Rose of SHOP Cos. represented the undisclosed seller in the transaction.

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LeasingNew JerseyNews

Starbucks Coffee Opens 3,000-Square-Foot Café in West Windsor, New Jersey

by Hayden Spiess

West Windsor, N.J. — Starbucks Coffee has opened a 3,000-square-foot café in West Windsor. Situated within The Square at West Windsor, a 220,000-square-foot shopping center, the location includes a drive-thru lane, conference room and outdoor seating patio. Starbucks now leases a portion of the space formerly occupied by Pier 1 Imports. The Container Store will also open at the center in 2024, which is anchored by Lowe’s and Trader Joes. Garden Commercial owns the property.

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CaliforniaInvestment salesNews

CBRE Brokers $40 Million Sale of Retail Center in Coronado, California

by Hayden Spiess

 Coronado, Calif. — CBRE has brokered the $40 million sale of Coronado Plaza, a 41,949-square-foot retail center located in Coronado. Built in 1981, the three-story property is situated on one block across from the Hotel Del Coronado. Reg Kobzi, Joel Wilson and Michael Peterson of CBRE’s San Diego office represented the seller, an entity doing business as PREF Coronado Plaza LLC, in the transaction.

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FloridaInvestment salesNews

WS Development, PGIM Acquire 550,000-Square-Foot Retail Center in Viera, Florida

by Hayden Spiess

Viera, Fla. — WS Development and PGIM Real Estate have acquired The Avenue Viera, a 550,000-square-foot open-air retail center in Viera. Situated within the 43,000-acre master-planned Viera community, the property features more than 80 retail, restaurant and entertainment tenants. WS Development will assume management of the center.

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DevelopmentGeorgiaNewsRestaurants

Stonecrest Resorts Completes Phase II of 143,000-Square-Foot Renovations at The Mall at Stonecrest in Metro Atlanta

by Hayden Spiess

Stonecrest, Ga. — Stonecrest Resorts has completed the second phase of redevelopment at Priví, a 143,000-square-foot adaptive reuse of the former Sears department store at The Mall at Stonecrest located in Stonecrest, roughly 15 miles outside Atlanta. Phase II comprised $4.2 million of renovations and the addition of tenants including Baldwin’s Literary Social Bookstore, Priví Art Gallery, The Exposure Hub, 101 TKO Radio, Priví Event Center, 3 Degrees Infrared Sauna Studio, Picasso’s Splat Room, The Lion’s Cage MMA & Fitness Gym and Garden Life Juice Bar. SeaQuest anchors Phase I …

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CaliforniaDevelopmentGrocery-anchoredMixed-useNews

Jimbo’s Naturally! Signs 25,000-Square-Foot Lease in San Diego

by Hayden Spiess

San Diego — Jimbo’s Naturally has signed a 25,000-square-foot lease at The Row at Civita, Sudberry Properties’ 20-acre mixed-use development located in San Diego. The grocery store will be an anchor at the property, which is situated within the 230-acre master-planned community of Civita. Construction on the building is scheduled to begin in early 2025, with the opening planned for the second half of 2026. This will mark the fifth Jimbo’s store within San Diego County.

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CaliforniaCompany newsNews

Will Tipton Joins Shea Properties as Senior Vice President of Retail and Multi-Use Development

by Hayden Spiess

Aliso Viejo, Calif. — Will Tipton has joined Shea Properties as senior vice president of retail and multi-use development. In his new role, Tipton will continue the Aliso Viejo-based company’s retail growth in California, with a focus on acquisitions, planning, entitlement, leasing, budgeting and construction. Most recently, Tipton served as managing director and partner with Merlone Geier Partners.

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DevelopmentMixed-useNewsTexas

Ashlar Development Breaks Ground on $800 Million Whitecap NPI Master-Planned Community in Corpus Christi

by Hayden Spiess

Corpus Christi, Texas — Developer Ashlar Development LLC and owner Diamond Beach Holdings LLC have broken ground on Whitecap NPI, an $800 million master-planned community on North Padre Island in Corpus Christi. The 240-acre development will serve as the first and only coastal luxury residential and resort destination on the island, according to the development team. Upon full build-out, Whitecap NPI will feature over 600 residential options, including single-family homes, villas, condos and cross-generational housing. The homes, many with canal access for boating and water sports, will be situated in …

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Company newsNew YorkNews

A&G to Auction Hundreds of Bed Bath & Beyond and buybuy BABY Leases

by Hayden Spiess

New York City — A&G Real Estate Partners, real estate advisor to Bed Bath & Beyond Inc., has announced plans to auction hundreds of Bed Bath & Beyond and buybuy BABY leases as part of the company’s bankruptcy proceedings. Pending Court approval of bid procedures, A&G will auction Bed Bath & Beyond store leases located in 48 states and ranging in size from 18,000 to 92,000 square feet and buybuy BABY store leases located in 37 states and ranging in size from 14,000 to 63,000 square feet. Additionally, A&G and …

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