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DevelopmentFloridaNews

Azor-Led Partnership Breaks Ground on 6,119-Square-Foot Wawa Gas Station in Metro Miami

by Hayden Spiess

Plantation, Fla. — A partnership led by South Florida shopping center owner and developer Beth Azor has begun construction on a 6,119-square-foot Wawa gas station and convenience store located in Plantation, roughly 30 miles north of Miami. The partnership, which is doing business as FLA BPI LLC, broke ground on the project April 4. The 1.7-acre property is situated within the northern portion of a three-acre site acquired by the partnership in 2016. Midtown Crossing, a 6,400-square-foot retail center, occupies the southern portion. Scheduled for completion in 12 months, the …

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Architectural Exterior detail of Porte Cochere with masivee video instialtion on celing at Darian st entrance to Live Casino Hotel Philadelphia
DevelopmentEntertainmentInvestment salesLouisianaNews

Cordish Cos. to Acquire, Redevelop Diamond Jacks Casino & Hotel in Bossier City, Louisiana

by Hayden Spiess

Bossier City, La. — The Cordish Cos. has announced an agreement to acquire Diamond Jacks Casino & Hotel, located in Bossier City in northwest Louisiana. Subject to approval by the Louisiana Gaming Control Board, Cordish plans to redevelop the property into a casino resort and entertainment destination. Closed since March 2020, the development will be the first in the state of Louisiana under Cordish’s Live! brand, which offers dining, entertainment, casino, hotel and sports-anchored entertainment spaces. The seller and acquisition price were not disclosed. Cordish was the development partner for …

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Uptown-Alley_Williamsburg
DevelopmentInvestment salesNewsVirginia

Uptown Alley to Open 64,000-Square-Foot Entertainment Venue in Williamsburg, Virginia

by Hayden Spiess

Williamsburg, Va. — Entertainment concept Uptown Alley has purchased the former Yankee Candle building in Williamsburg, with plans to open its fifth entertainment venue. The multilevel, mixed-use building is located on a six-acre site at 2200 Richmond Road. Dawn Griggs and Rob Wright of Cushman & Wakefield | Thalhimer represented the seller, Fulton Bank, in the $4 million sale. Upon completion, which is scheduled before the end of this year, the venue will feature upscale bowling, duckpin bowling, an arcade and a chef-driven restaurant.

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Sky-Zone-Foothills-Plaza-Rancho-Cucamonga-Calif
CaliforniaEntertainmentLeasingNews

Sky Zone Signs 30,700-Square-Foot Lease in Rancho Cucamonga, California

by Hayden Spiess

Rancho Cucamonga, Calif. — Sky Zone has signed a lease for 30,700 square feet at 12449 Foothill Boulevard in Rancho Cucamonga. Sky Zone, which currently operates more than 200 locations throughout the country and Canada, will open an indoor entertainment park at the property, which is located within the 550,000-square-foot Foothill Marketplace. Paul Galmarini and Paul Su of Progressive Real Estate Partners arranged the lease on behalf of the landlord. Richard Cheng and Dan Fagan of Urban Lime Real Estate represented Sky Zone in the negotiations.

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Investment salesNewsTexas

SHOP Cos. Arranges Sales of Three Retail Centers Totaling 29,899 Square Feet in Texas

by Hayden Spiess

Aledo, Euless and Kaufman, Texas — SHOP Cos. has arranged the sale of three retail centers totaling 29,899 square feet in Texas. The first property, Aledo Retail Center, is located in Aledo, roughly 20 miles outside Fort Worth, and comprises 12,428 square feet. SHOP represented the seller, a Texas-based limited liability company. A private local investor acquired the center, which was fully leased at the time of sale. SHOP also represented the sellers of a three-tenant retail property and The Shops at Kings Fort, located in Euless and Kaufman, respectively. …

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GeorgiaInvestment salesNews

SRS Brokers $4.3 Million Sale of New Retail Strip Center in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — SRS Real Estate Partners’ National Net Lease Group has brokered the $4.3 million sale of Shops at Medlock Corners, a 6,200-square-foot retail strip center located in Johns Creek. The seller, Atlanta-based Willow Capital Partners, delivered the property in March. Situated on less than an acre, the metro Atlanta property was fully leased at the time of sale to Jersey Mike’s, Ideal Dental and ATI Physical Therapy, all of which signed 10-year leases. Michael Berk, Sheree Strome and Scott Campbell of SRS represented the seller in the …

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BJ's-Plaza-Hamburg-N.Y
Grocery-anchoredInvestment salesNew YorkNews

Cushman & Wakefield Arranges Sale of Two Retail Centers Totaling 416,544 Square Feet in Hamburg, New York

by Hayden Spiess

Hamburg, N.Y. — Cushman & Wakefield has arranged the sale of two adjacent retail centers comprising a total 416,544 square feet in Hamburg. Located at 4408 Milestrip Road, the first center, BJ’s Plaza, is anchored by BJ’s Wholesale Club and was fully leased to 10 tenants at the time of sale. The Home Depot anchors the second property, McKinley Milestrip, which is located at 4405 Milestrip Road and was 94 percent leased to 20 tenants at the time of sale. The centers comprise 176,045 and 240,499 square feet, respectively. Gary …

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Investment salesMinnesotaNews

JLL Brokers Sale of 357,115-Square-Foot Retail Center in Suburban Twin Cities

by Hayden Spiess

Roseville, Minn. — JLL Capital Markets has brokered the sale of Crossroads Center of Roseville, a 357,115-square-foot power center located in the Twin Cities suburb of Roseville. Built in 1985, the property was 97 percent leased at the time of sale to tenants including Best Buy, Dick’s Sporting Goods and Kohl’s. Matt Hazelton, Cory Villaume, Bill Krebsbach, Dave Monahan and Michael Nieder of JLL represented the undisclosed seller in the transaction. HJ Development was the buyer.

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Taco-Bell
CaliforniaInvestment salesNet leaseNewsRestaurants

Hanley Arranges $2.9 Million Sale of Single-Tenant Property in Corona, California

by Hayden Spiess

Corona, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.9 million sale of a single-tenant retail property located in Corona. A Taco Bell Drive-Thru — operated by the tenant, Alvarado Restaurant Nation — occupies the 2,049-square-foot property on a triple-net-lease basis. Bill Asher and Jeff Lefko of Hanley represented the developer and seller, Evergreen Development, in the transaction. David Aschkenasy of Commercial Asset Group represented the 1031-exchange buyer, a locally based private investor.

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16544-S.E.-Division-Street-Portland-Ore
Investment salesNewsOregon

Norris & Stevens Brokers $2.3 Million Sale of Retail Building in Portland

by Hayden Spiess

Portland, Ore. — Norris & Stevens Inc. has brokered the $2.3 million sale of a standalone retail building in Portland. Built in 1987, the property comprises 12,371 square feet at 16544 S.E. Division Street. Luis Martin del Campo and Michael Simmons of Norris & Stevens represented both the buyer, Yusuf Iqbal, and the seller, Harold Ward, in the transaction.

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