Coppell, Forney and Fort Worth, Texas — Firehouse Subs has signed three leases totaling 4,149 square feet in the Dallas-Fort Worth metro. Firehouse will occupy 1,649 square feet at Heritage Trace in Fort Worth, 1,300 square feet at Victory at Forney in Forney and 1,200 square feet at Braewood Shopping Center in Coppell. Grant Gary and Kendall Graff of The Woodmont Co. represented Firehouse Subs in the lease negotiations.
Milford and Torrington, Conn. — BridgeCore has provided fixed-rate, bridge loans to refinance two properties occupied by Subway in Milford and Torrington. The borrowers, which were both third-party Subway franchisees, used the cash-out proceeds of the financings to settle agreements with Subway Corporate for covering lease payments during the pandemic under the Project Service program offered by the state of Connecticut.
Raleigh, N.C. — JLL Capital Markets has arranged the sale of Wakefield Crossing, a 75,927-square-foot retail center located in Raleigh. Food Lion anchors the property, which was 95 percent leased at the time of sale. Other tenants at the center include Tuesday Morning, Subway, Dante’s Italiano, Wakefield Tavern and Wake Health Medical Group. Wakefield Wellons LLC acquired the property, which was built in 2001. A JLL team led by Tom Kolarczyk represented the undisclosed seller in the transaction.
Dublin, Calif. — Vestar has been appointed by PNC Realty Investors to manage Hacienda Crossing, a 438,500-square-foot retail center located in Dublin, roughly 35 miles southeast of San Francisco. Regal Cinemas, Best Buy, PGA Golf Superstore, Ulta Beauty, TJ Maxx and Barnes & Noble anchor the property. Vestar currently operates 30 million square feet of retail space across almost 70 properties.
East Rutherford, N.J. — Asian-American grocer H Mart has opened a 38,000-square-foot store within American Dream, a 3 million-square-foot retail and entertainment destination located in East Rutherford. Chuck Lanyard of The Goldstein Group and Jeff Chaus of Chaus Realty represented H Mart, which now operates more than 100 stores worldwide, in the lease negotiations. Canadian conglomerate Triple Five Group owns American Dream.
Hammond, Ind. — Marcus & Millichap has arranged the $4.6 million sale of a 14,158-square-foot retail center in Hammond, approximately 30 miles outside Chicago. Built in 2017, the property is leased to tenants including American Renal Associates. Mitchell Kiven and Nicholas Kanich of Marcus & Millichap represented the seller, a developer based in Hobart, Indiana. A 1031-exchange investor purchased the property.
Danville, Va. — Legacy Realty Group Advisors has brokered the $4.1 million sale of Cain Creek Shopping Center, a 60,000-square-foot retail center located in Danville. Food Lion and Family Dollar anchor the property, which was fully occupied at the time of sale. Jacob Baruch of Legacy represented both the buyer and seller in the transaction.
Allen, Texas — JLL has negotiated the sale of Twin Creeks Marketplace, a 43,134-square-foot shopping center located in the northeastern Dallas suburb of Allen. Sprouts Farmers Market anchors the center, which was built in 2016 and was fully leased at the time of sale. Other tenants include Starbucks Coffee, Verizon Wireless, ATI Physical Therapy and Advancial. Chris Gerard, Adam Howells, Caroline Binning, Pauli Kerr and Cole Sutter of JLL represented the undisclosed seller in the transaction.
Dallas — Corner Bakery, a national restaurant chain based in Dallas, has filed for Chapter 11 protection in the Delaware Bankruptcy Court after defaulting on its loans last year, according to The Dallas Morning News. Pandya Restaurant Growth Brands purchased Corner Bakery, which currently operates 140 locations in 20 states, in October 2020. Prior to its acquisition by Pandya, the chain was owned by private equity firm Roark Capital Partner.
Naples, Fla. — Tobin Real Estate has brokered the $6.3 million sale of Commons on Collier, a shopping center located in Naples. Built in 2018 and located on a Walmart Supercenter outparcel, the property comprises 12,601 square feet. Tenants at the center include Supercuts, Domino’s Pizza and the Collier County Tax Collector. Louie Granteed of Tobin represented the undisclosed seller, and Matt Stepan of Premier Commercial represented the buyer in the transaction.