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Kenwood-Shopping-Center_Rosedale
Investment salesMarylandNews

KLNB Arranges $7.2 Million Sale of Kenwood Shopping Center in Metro Baltimore

by Hayden Spiess

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.

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Thornton Promenade
GeorgiaInvestment salesNews

CBRE Brokers $4 Million Sale of Thornton Promenade in Metro Atlanta

by Hayden Spiess

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.

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DevelopmentLeasingNewsRestaurantsWashington DC

MRP to Open Food Hall with Six Tenants in Washington, D.C.

by Hayden Spiess

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.

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Whitehall-Redevelopment-1
DevelopmentMixed-useNewsOhio

N.R. Investments Starts Construction of $300 Million Rockwell District Mixed-Use Redevelopment in Whitehall, Ohio

by Hayden Spiess

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 …

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Madison-Plaza_Huntsville
AlabamaFinanceNews

Northmarq Secures $14 Million Loan for Madison Plaza Shopping Center in Huntsville, Alabama

by Hayden Spiess

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.

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Nerf-Action-Xperience
Company newsEntertainmentLeasingNew JerseyNews

Kingsmen, Good Vibrations to Open Indoor Entertainment Centers Totaling 56,000 Square Feet in Metro New York City

by Hayden Spiess

 Paramus, N.J. — Kingsmen Xperience, a subsidiary of Kingsmen Creatives Ltd., and Good Vibrations will open two branded location-based entertainment (LBE) attractions totaling 56,000 square feet at Westfield Garden State Plaza in Paramus, roughly 25 miles northwest of New York City. Both attractions, Nerf Action Xperience and Planet Playskool, will open later this year and feature immersive activities, retail stores and food and beverage areas. The Nerf attraction will comprise 36,000 square feet, with Planet Playskool occupying 20,000 square feet. These openings mark the beginning of a strategic partnership between …

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Grocery-anchoredIllinoisInvestment salesNews

Ashkenazy Acquisition Corp. Buys 200,000-Square-Foot Shopping Center in Chicago

by Hayden Spiess

Chicago — Ashkenazy Acquisition Corp. (AAC) has purchased Gateway Centre, a 200,000-square-foot shopping center in Chicago. Tenants at the property, which was 93 percent leased at the time of sale, include Jewel-Osco, Marshalls and LA Fitness. George Good of CBRE represented the seller, Stockbridge, in the transaction. AAC was represented in-house.

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Company newsLeasingNew YorkNews

A&G to Auction 250 Tuesday Morning Leases

by Hayden Spiess

New York City — A&G Real Estate Partners will auction over 250 Tuesday Morning Corp. leases as part of the first round of store closures in the retailer’s Chapter 11 reorganization. Ranging in size from 6,000 to 28,000 square feet, the spaces being auctioned are situated in freestanding sites and retail centers. Many of the leases have five or more years remaining on the term. “The early interest reflects the fact that it’s rare to see so many good quality locations become available in major markets,” says Mike Matlat, senior …

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Dicks_House-of-Sport_Knoxville
Company newsNewsPennsylvania

Dick’s Sporting Goods to Open 75 to 100 New House of Sports Stores Over Next Five Years

by Hayden Spiess

 Pittsburgh — Dick’s Sporting Goods (NYSE: DKS) plans to open as many as 75 to 100 new House of Sport stores over the next five years, according to Lauren Hobart, CEO of the Pittsburgh-based retailer. House of Sports is a retail concept that provides interaction and experiences including putting greens, rock walls, batting cages and turf baseball fields, along with sports-related apparel and equipment for sale. There are currently three House of Sports stores in Rochester, New York; Knoxville, Tennessee; and Minnetonka, Minnesota. “House of Sport will be a significant …

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Eureka!-Aliso-Viejo-Calif
CaliforniaFinanceNews

MetroGroup Secures $10.6 Million Bridge Loan for Retail Center in Southern California

by Hayden Spiess

Aliso Viejo, Calif. — MetroGroup Realty Finance has secured a $10.6 million bridge loan for a retail center located in Aliso Viejo. Trader Joe’s anchors the 30,500-square-foot property. Other tenants include the restaurants Eureka! and Lupe’s. The interest-only loan carries a term of 36 months and replaces a maturing commercial mortgage-backed security loan.

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