Lawrenceville, Ga. — ShopOne Centers REIT Inc., with joint venture partners Pantheon and an institutional investor, has acquired Bethesda Walk, a 68,271-square-foot shopping center located in Lawrenceville, roughly 30 miles northeast of Atlanta. Walmart Neighborhood Market anchors the property, which was 98 percent occupied at the time of sale. Other tenants at the center include Subway, Wingstop and Metro by T-Mobile.
Ulta, At Home Sign Leases Totaling 95,000 Square Feet at Everett Mall Redevelopment in Metro Seattle
Everett, Wash. — Ulta Beauty and At Home Stores have signed leases totaling 95,000 square feet at Everett Mall, a property currently undergoing redevelopment in Everett, roughly 30 miles north of Seattle. Both retailers will open spaces within a building that formerly housed Sears. Existing tenant Ulta will occupy 10,000 square feet, with At Home leasing 85,000 square feet. Owner Brixton Capital purchased Everett Mall in 2017 and broke ground on the project earlier this year, which will comprise three phases of redevelopment. Bayley Construction is the general contractor, with …
Jacksonville, Fla. — NAI Hallmark has brokered the $3.7 million sale of a 2,425-square-foot property located in Jacksonville. Chipotle Mexican Grill will occupy the newly constructed building on a 15-year, triple-net-lease basis. Daniel Burkhardt and Keith Goldfaden of NAI represented the seller, C & C Jax Investors, in the transaction. A private investor purchased the property.
Indian Trail, N.C. — Legacy Realty Group Advisors has arranged the sale of Union Town Center, a 102,360-square-foot shopping center located in Indian Trail, roughly 15 miles southeast of Charlotte. Food Lion, Workout Anytime and Dollar Tree anchor the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the $16.2 million transaction.
Orlando, Fla. — Marcus & Millichap Capital Corp. (MMCC) has secured $9.6 million in acquisition financing for Magic Mall Plaza, a flea market-style shopping center located in Orlando. Built in 1971 and renovated in 2000, the complex totals 128,939 square feet. Garrett Fierstein of MMCC’s Orlando office originated the financing on behalf of the undisclosed borrower. The 10-year loan features a fixed 5.68 percent interest rate and a 25-year amortization schedule.
Rosedale, Md. — KLNB has brokered the $7.2 million sale of Kenwood Shopping Center, a 90,961-square-foot retail center located in Rosedale, a suburb of Baltimore. America’s Realty and investment partners purchased the center from a private family that has owned the property since it was developed more than 40 years ago. Chris Burnham, Vito Lupo, Andy Stape and Jake Furnary of KLNB represented the seller in the transaction. Kenwood Shopping Center was 92 percent leased at the time of sale to tenants including Advance Auto Parts and Goodwill.
Lithia Springs, Ga.— CBRE has brokered the $4 million sale of Thornton Promenade, an 18,900-square-foot shopping center located in Lithia Springs, roughly 20 miles west of downtown Atlanta. Avis Car Rental, Domino’s Pizza and Metro PCS are tenants at the center, which was 92 percent leased at the time of sale. Craig Taylor of CBRE represented the seller, RAW Promenade LLC, in the transaction. Riverwood Properties represented the buyer, a private investor. Riverwood will also provide leasing and management services for the property.
Washington, D.C. — MRP Realty will open Bryant Street Market Food Hall in Washington D.C.’s Edgewood neighborhood. The current tenant lineup includes Alegria Bar, Blowfish Poke, Grassfed Griddle, Taqueria Habanero, Tiger Sugar and Bold Dumpling. Beginning Mar. 17, the market — which is located in residential building The Chase — will be open from 8 a.m. to 9 p.m., remaining open until 10 p.m. on Fridays and Saturdays. Bryant Street Market will also host various pop-ups, and MRP plans to add a 2,400-square-foot event space.
Whitehall, Ohio — N.R. Investments has started construction of a three-phase, $300 million mixed-use project located at the corner of East Broad Street and North Hamilton Road in the Columbus suburb of Whitehall. The development will be named Rockwell District, according to reports by Columbus Business First. The 50-acre project, which is being developed in partnership with the Central Ohio Community Improvement Corp. and the City of Whitehall, is set to include 1,000 residential units, 250,000 square feet of Class A office space and 75,000 square feet of retail and …
Huntsville, Ala. —Northmarq has secured a $14 million loan for Madison Plaza, a 153,739-square-foot shopping center located in Huntsville. Randy Wolfe of Northmarq arranged the 10-year financing through a regional credit union on behalf of RCP Cos. The loan features one year of interest-only payments and a 25-year amortization schedule. Built in 1984 and renovated in 2016, Madison Plaza is leased to tenants including Havertys, Stars and Strikes, State Farm, Dragon Alley and Viet Huong.