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 …
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.
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.
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 …
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 …
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.