Fort Wayne, Ind. — Home décor retailer At Home is opening a new store at 4120 Illinois Road in Fort Wayne. This opening marks 262 total stores across 40 states for the brand, which offers merchandise including furniture, mirrors, rugs and seasonal décor with collections from designers such as Laila Ali, Tracey Boyd, Willow Crossley, Grace Mitchell and Ty Pennington.
Los Angeles — TTM Real Estate Capital has purchased HHLA, a 248,841-square-foot retail center located in the Westchester neighborhood of Los Angeles. Rebranded from The Promenade at Howard Hughes Center, the property underwent a $35 million renovation following its acquisition by the previous owner — Laurus Corp. with Torchlight Investors LLC as a preferred equity partner — in 2015 for $111 million. Newmark brokered the sale. TTM also announced the addition of two tenants to the property, 60out Escape Rooms and Genio Global Entertainment’s Muhammed Ali Experience, which will open …
Irvine, Calif. —Bellwether Enterprise Real Estate Capital LLC (BWE)’s Irvine office has arranged a $35 million loan for the refinancing of a shopping center located in the state of Washington. Tenants at the property, which was 95 percent leased at the time of sale, include a grocery store anchor and 100,000-square-foot big-box retailer. Tom Turnage and Joe Galosic Jr. of BWE secured the financing through a life insurance company on behalf of the borrower. The non-recourse loan carries a five-year term with interest-only payments for two years, followed by a …
Miramar and Jensen Beach, Fla. — PGIM Real Estate has sold two Publix Super Markets-anchored shopping centers in Florida to Phillips Edison & Co. for a combined $32 million. The properties include the 70,288-square-foot Shops at Sunset Lakes in Miramar and the 109,811-square-foot Town Center at Jensen Beach. Danny Finkle, Eric Williams, Jorge Portela and Kim Flores of JLL represented PGIM in both transactions. Built in 1999, Shops at Sunset Lakes was 98.4 percent leased at the time of sale to Goodwill, State Farm Insurance, Sedation Dental Spa, Small World …
Sarasota, Fla. — Benderson Development has acquired two properties in Sarasota. One of the properties is a former Café Baci restaurant, and the second — which comprises 16,500 square feet — is leased to Walgreens. Additionally, Benderson opened a newly rebuilt Publix grocery store at retail center The Landings, which the company purchased in 2012 and has since renovated. 3Natives, Pacific Counter and Crumbl Cookies are also scheduled to join the tenant roster. Other tenants at the retail center include Florence and the Spice Boys, The Breakfast Company, Origin Craft …
Las Vegas and Palo Alto, Calif. — Simon Property Group and José Andrés Group (JAG) will collaborate to bring restaurants to three properties located in Las Vegas and Palo Alto. The partnership will introduce new dining concepts to Stanford Shopping Center in Palo Alto and The Shops at Crystals in Las Vegas. The collaboration will also bring Turkish, Greek and Lebanese restaurant Zaytinya to The Forum Shops at Caesars Palace in Las Vegas. “Simon Property Group is the preeminent retail property owner with a significant footprint in cities where we …
Rancho Mission Viejo, Calif. — Westar Associates will develop Esencia Commons, a 175,000-square-foot retail center in Rancho Mission Viejo. Upon completion, the property will feature a supermarket, fitness center, gas station and other retail and restaurant spaces. Groundbreaking for the project — which will be located within a 50-acre mixed-use development that includes an apartment community, business park, self-storage facilities and planned medical offices — is scheduled for the fourth quarter of this year. Westar will manage the property and has begun leasing efforts for the center.
Phoenix — Harkins Theatres has announced plans for the development of Harkins BackLot, a 32,000-square-foot entertainment center at The Shops at Norterra in Phoenix. The new concept is inspired by movie studio backlots and will feature a full-service restaurant and bar, sports viewing arena, an arcade, bowling with digitally animated and enhanced lanes, an outdoor patio with yard games and a private event space with party and corporate event rooms. The opening is scheduled for 2024, with more locations to follow. Eric Termansen of Western Retail Advisors represented Harkins in …
Wichita, Kan. — FunCity Adventure Park has purchased a property comprising a 5.6-acre site and 52,259-square-foot building in Wichita. Sports Authority formerly occupied the building. Don Mace of KeyPoint Partners consulted on the sale on behalf of FunCity, which currently operates 18 locations throughout the country, with additional sites under construction.
Rancho Cucamonga, Calif. — CBRE has arranged the $25 million sale of Foothill Village Plaza, an 88,000-square-foot retail center located roughly 40 miles outside Los Angeles in Rancho Cucamonga. John Read of CBRE represented the seller, Raymond Arjmand of RA Centers, in the transaction. The property was fully leased at the time of sale to tenants including Chuck E. Cheese, NAPA Autoparts, Brands for Less and Beauty Club. Tenants at the center also include 10 undisclosed restaurants. A local private investor purchased the property.