Fort Collins, Colo. — A joint venture of entities doing business as Stover LLC, Cheyenne I LLC, Cheyenne II LLC and Meldrum LLC has purchased a 9,100-square-foot retail building located in Fort Collins. Built in 2021, the property is fully leased to Dollar General. Jared Goodman and Anne Spry of Cushman & Wakefield represented the buyer in the transaction. John R. Wertz of Wertz Real Estate & Investment Services represented the seller, an entity doing business as Wellington CO DG LLC.
Sunrise, Fla. —Azor Advisory Services has brokered the $13.9 million sale of The Sawgrass Home Design Center, a retail center located in Sunrise, approximately 30 miles northwest of Miami. The 45,000-square-foot property was 83 percent leased at the time of sale to tenants including DXL Casual Male, Bella Salon Suites, Lighting Outlet, Compass Research and Caremax. Beth Azor of Azor represented the seller, a partnership doing business as FVP Sawgrass LLC, which originally acquired the property in 2011. Apogee Realty Inc. and Capital Group Realty 2004 LLC represented the buyer, …
Pompano Beach, Fla. — Construction is underway on a three-level Topgolf location in Pompano Beach, roughly 35 miles north of Miami. Scheduled to open later this year, the new venue will anchor a 223-acre, mixed-use project currently being developed by The Cordish Cos. and Caesars Entertainment. The location will feature 102 climate-controlled hitting bays, a full-service restaurant, rooftop terrace, outdoor patio, music, private event space and year-round family-friendly programs.
Oviedo, Fla. — Legacy Realty Group Advisors has arranged the $6.5 million sale of Lockwood Village, a shopping center located in Oviedo, approximately 20 miles northeast of Orlando. Winn-Dixie anchors the 54,372-square-foot property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
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.
