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Heather-Sharp-Progressive
CaliforniaCompany newsNews

Heather Sharp Joins Progressive Real Estate Partners as Senior Vice President of Retail Sales, Leasing

by Hayden Spiess

Rancho Cucamonga, Calif. — Heather Sharp has joined Progressive Real Estate Partners as senior vice president of retail sales and leasing. Sharp, who brings more than 25 years of experience in real estate, will lead the firm’s expansion into the Coachella Valley while continuing brokerage activities, including the sale and leasing of retail properties. Previously, Sharp was a partner at Wilson Meade Commercial Real Estate in Rancho Mirage. “We have been eager to bring our team-oriented, resource-rich brokerage culture to the Coachella Valley for a few years but were waiting …

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Westrow_River-District_Charlotte
DevelopmentMixed-useNewsNorth Carolina

Crescent Communities Plans River District Master-Planned Community in Charlotte

by Hayden Spiess

Charlotte, N.C. — Crescent Communities plans to break ground Wednesday on The River District, a master-planned community on Charlotte’s west side. The development will span 1,400 acres between the Catawba River and Charlotte Douglas International Airport, including 500 acres of preserved land. Upon completion, The River District will feature 5,000 residences (single-family homes and apartments), 8 million square feet of commercial space, hotels and retirement homes. Crescent expects the development to generate more than $5.6 billion of gross annual economic impact for the region and state. “The River District’s location …

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Douglasville-Town-Center
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $19.8 Million Sale of Douglasville Town Center in Metro Atlanta

by Hayden Spiess

Douglasville, Ga. — Marcus & Millichap has brokered the $19.8 million sale of Douglasville Town Center, a 272,785-square-foot shopping center located in Douglasville, about 24 miles west of Atlanta. Tim Giambrone of Marcus & Millichap’s Atlanta office represented both the seller, a private capital partnership, and the buyer, an out-of-state private investment firm, in the transaction. Douglasville Town Center’s tenant roster includes anchor BuggyBusters, a liquidation superstore, as well as Rogers Mechanical Contractors, Andy’s Wholesale and Cobb Douglas Community Services Board.

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CVS-Sarasota-Fla
FloridaInvestment salesNet leaseNews

Marcus & Millichap Brokers $4.5 Million Sale of CVS-Leased Retail Property in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Marcus & Millichap has brokered the $4.5 million sale of a 10,378-square-foot retail property located in Sarasota. CVS/pharmacy occupies the building on a net-lease basis. The property was built in 1999 on a 1.6-acre site. Joseph Prio, Alan Lipsky and Barry Wolfe of Marcus & Millichap arranged the sale on behalf of the seller, FFT Livingstone Investors Inc. An undisclosed private investor was the buyer.

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Modist-Brewing
DevelopmentMinnesotaNews

Kraus-Anderson Begins $2 Million Renovation for Modist Brewing in Minneapolis

by Hayden Spiess

Minneapolis — Kraus-Anderson has begun a $2 million renovation project for Modist Brewing Co. in Minneapolis. Designed by Perkins & Will, the 7,000-square-foot renovation of Modist’s existing North Loop building will add new offices, a brewing lab, bar and event space. Kraus-Anderson is working in partnership with J. Benson, a minority business enterprise contractor. Completion is scheduled for mid-July.

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Investment salesNewsTexas

SVN | J. Beard Real Estate Arranges Sale of Retail Portfolio in Conroe, Texas

by Hayden Spiess

Conroe, Texas — SVN | J. Beard Real Estate — Greater Houston has arranged the sale of a portfolio of nine retail buildings and one office building in Conroe, about 40 miles north of Houston. Jeff Beard and Bonnie Pfrenger of SVN | J. Beard represented the seller, a locally based limited partnership, in the transaction. Kristi Delafuente of JNK Property Group represented the buyer, a private investor.

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Crossroads-Plaza-Peoria-Ariz
ArizonaInvestment salesNews

Colliers Brokers $14.8 Million Sale of Crossroads Plaza in Suburban Phoenix

by Hayden Spiess

Peoria, Ariz. — Colliers has brokered the $14.8 million sale of Crossroads Plaza, a 112,838-square-foot shopping center located in the Phoenix suburb of Peoria. The property was 91 percent leased at the time of sale to tenants including Harbor Freight, Dollar Tree, Goodwill, LA Crab Shack, Ta’ Carbon Mexican Grill, Odyssey Martial Arts and Iced Out Ice Cream Parlor. Mindy Korth, John Jackson, Caitlin Zirpolo and El Warner of Colliers represented the seller, a California-based firm. Maha Odeh Arnold of Regal Properties represented the buyer, a California-based private investor.

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Grocery-anchoredInvestment salesMassachusettsNewsRhode Island

Atlantic Capital Partners Negotiates $70 Million Sale of Retail Portfolio in Massachusetts, Rhode Island

by Hayden Spiess

Boston — Atlantic Capital Partners, a division of Boston-based Atlantic Realty, has negotiated the $70 million sale of a portfolio of four grocery-anchored retail properties in Massachusetts and Rhode Island. The properties, all of which are master-leased to regional operator Stop & Shop, total 272,542 square feet and are located in the Massachusetts communities of Framingham, Malden and Swampscott, with the fourth in Bristol, Rhode Island. Justin Smith, Chris Peterson and Sam Koonce of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.

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Rock-Island-Bridge
DevelopmentMissouriNews

Development Team Underway on Rock Island Bridge Redevelopment Project in Kansas City

by Hayden Spiess

Kansas City, Mo. — Developer Michael Zeller and his project team are underway on the redevelopment of Rock Island Bridge in Kansas City. The bridge is a historical landmark dating back to 1906 that is being transformed into a recreational space. Plans call for 11,000 square feet of multipurpose space for open-air food courts, a food hall with industrial kitchens, office, retail and 8,000 square feet of event space with a removable cover and open-air veranda. Construction began in February and is slated for completion in spring 2024. MultiStudio, formerly …

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Sports-Social_Mall-Green-Hills_Nashville
LeasingNewsTennessee

Sports & Social to Open 8,900-Square-Foot Venue at Mall at Green Hills in Nashville

by Hayden Spiess

Nashville, Tenn. — Sports & Social, a dining and entertainment concept, has signed an 8,900-square-foot lease at The Mall at Green Hills, a shopping mall located in Nashville. The venue will feature a menu curated by James Beard Award nominee Chef John Suley and a 33-foot LED media wall for viewing games and sporting events. The Taubman Realty Group, a joint venture between mall giant Simon and the Taubman family, is the owner of the mall. Sports & Social is a dining and entertainment concept headed by Live! Hospitality & …

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