Darien, Ill. — Mid-America Real Estate Corp.’s Investment Sales Group has brokered the sale of Darien Shopping Center, a 46,582-square-foot retail center located in the Chicago suburb of Darien. The property was fully leased at the time of sale to tenants including American Freight, Concentra Urgent Care, Chuck E. Cheese and World Star Nails & Spa. Emily Gadomski and Rick Drogosz of Mid-America brokered the sale on behalf of a private seller.
Fort Worth, Texas — LanCarte Commerical has arranged leases totaling 19,745 square feet at The Westcliff Shopping Center, a retail center located in Fort Worth. New tenants at the property include Cowtown, Specialist Jewelry Clinic, Fort Worth Dance Academy and Organized Nest. Ben Gehrke and Riley Dow of LanCarte represented the landlord, CTO Realty Growth Inc., in the leasing negotiations.
El Centro, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.4 million sale of a single-tenant retail property located in El Centro. The 2,940-square-foot building is occupied by 7-Eleven on a 15-year, triple-net ground lease. Bill Asher and Jeff Lefko of Hanley represented the seller, Imperial Retail Investments LLC, in the transaction. A self-represented, California-based private investor purchased the property.
McKinney, Texas — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5 million acquisition loan for an undisclosed retail property located in the northern Dallas suburb of McKinney. A medical clinic and dollar store anchor the property, which was built in 2020. Adam Pike of MMCC arranged the debt.
New Rochelle, N.Y. — LA Fitness has opened a 36,000-square-foot gym at 75 Nardozzi Place in New Rochelle. Amenities at the location include a 25-yard lap pool, whirlpool spa, locker rooms with showers and sauna, a group exercise studio and an indoor cycling room. LA Fitness now occupies the majority of the second floor of a two-story, free-standing structure at the property, which was developed in 2021 by the landlords, Simone Development Cos. and G&S Investors.
Colorado Springs, Colo. — Warby Parker has opened a 2,298-square-foot store at The Promenade Shops at Briargate, a 236,539-square-foot retail center located in Colorado Springs. The store is situated next to Ted’s Montana Grill. The eyewear brand currently operates more than 200 stores throughout the country.
Huntsville, Ala. — Albanese Cormier has acquired Valley Bend at Jones Farm, a 430,792-square-foot shopping center located in Huntsville. Tenants at the property include HomeGoods, Dick’s Sporting Goods, Hobby Lobby, Marshalls and PetSmart. A separately owned SuperTarget and 10 outparcels are also located at the center, which spans 57.8 acres and attracts 6 million annual visitors.
Middletown, Del. — Weis Markets will anchor Bayberry Town Center, a 280,000-square-foot mixed-use development scheduled to open in 2025 in Middletown. Weis will operate a 64,000-square-foot store at the property, which will be situated within the 1,500-acre master-planned Village of Bayberry community. Construction is scheduled to begin this fall. Upon completion, the center will also feature 31,000 square feet of office space, two green spaces and 145 townhomes.
Lewisville, Texas — Axiom Capital Corp. has arranged a $6.4 million permanent, fixed-rate loan for the acquisition of a single-tenant retail property located in Lewisville, roughly 30 miles northwest of Dallas. A specialty grocer occupies the 48,427-square-foot building, which is situated on 3.2 acres.
Asheville, N.C. and Columbia, S.C. — Benderson Development has purchased two single-tenant retail properties located at 120 Merrimon Ave. in Asheville and 4516 Forest Drive in Columbia from CIM Group. Both properties are leased to grocer Trader Joe’s.
