Lancaster, Ohio — Marcus & Millichap has arranged the $10.6 million sale of Plaza Shopping Center in Lancaster, about 33 miles southeast of Columbus. The 210,522-square-foot property was 87 percent leased at the time of sale to tenants including Ollie’s Bargain Outlet, Planet Fitness, AutoZone, Family Dollar, UPS Store, Rent-A-Center and Buffalo Wild Wings. Scott Wiles, CJ Jackson, Erin Patton and Craig Fuller of Marcus & Millichap represented the seller, an Ohio-based REIT. The team also procured the buyer, Americas Realty LLC.
Charlotte, N.C. — Providence Group Capital (PGC) has purchased 1420 South Mint Street in the South End of Charlotte. The 1.45-acre property comprises 52,000 square feet of buildings occupied by retailers and service providers. PCG will upgrade the property while continuing to manage and lease it. Providence Group Management Services will handle the day-to-day management of the property. PCG is additionally under contract to purchase three more properties in the first quarter of 2023.
Bardstown, Ky. — Northmarq’s Louisville office has secured a $3 million refinancing of Wilson & Muir Plaza, a 63,598-square-foot retail center located at 100 West John Rowan Boulevard in Bardstown, roughly 40 miles southeast of Louisville. Randall Waddell of Northmarq negotiated a blended interest rate of 4.9 percent fixed over a 10-year term on behalf of the undisclosed borrower. A new anchor tenant — Marshall’s — recently opened at the property.
Victoria, Texas —Dunhill Partners has purchased Northcross Shopping Center, a 206,284-square-foot retail center located in Victoria, roughly 100 miles northeast of Corpus Christi. JLL Capital Markets has arranged the sale of the property, which was 91 percent leased at the time of sale. Tenants at the property include Ashley Furniture, Office Depot, Tuesday Morning, Dollar General and Dollar Tree. Adam Howells, George Cushing, Matthew Barge and Cole Sutter of JLL represented the undisclosed Dallas-based seller in the transaction.
Pooler, Ga. — Marcus & Millichap has brokered the $32 million sale of Pooler Pointe, a 160,683-square-foot shopping center in Pooler, approximately 10 miles outside of Savannah. Tim Giambrone of Marcus & Millichap represented the buyer, a private investor, in the transaction. Tenants at the property include Hobby Lobby, HomeGoods and Dick’s Sporting Goods.
Mobile, Ala. — Legacy Realty Group Advisors has brokered the $7.4 million sale of Hillcrest Marketplace, a 76,000-square-foot shopping center located at 6300 Grelot Road in Mobile. Anchored by grocer Winn-Dixie, the property was 95 percent leased at the time of sale. Jacob Baruch and Max Yardeni of Legacy Realty represented both the buyer and seller in the transaction.
Huntington, N.Y. — Three new tenants will join Huntington Commons, a retail center located on Long Island. CycleBar, GOLFTEC and iStretchPlus will lease a total 7,299 square feet at the property, which is currently undergoing redevelopment. Joining a soon-to-open ShopRite and newly relocated and updated Marshalls, the tenants will backfill a space previously occupied by Outback Steakhouse. Dan Glazer of Ripco Real Estate represented the landlord, Urban Edge Properties, in the negotiations. Glazer also represented CycleBa. Faronn Roboff of Royal Properties Inc. represented GOLFTEC.
New York, N.Y. — Adidas has signed a 30,639-square-foot retail lease renewal for its flagship store at 610 Broadway in Manhattan’s SoHo neighborhood. The sportswear giant has committed to the three-story space for an additional 10 years. The six-story building was originally built in 2004 and predominantly houses office space. JLL represented the landlord, LaSalle Investment Management, in the lease negotiations. Adidas was represented internally.
Doral, Fla. — Marcus & Millichap has brokered the $57 million sale of Doral Shops, a 113,354-square-foot shopping center located in Doral, a suburb of Miami. Built in 2002 on nearly six acres, the shopping center was 99 percent leased at the time of sale to Navarro Discount Pharmacy, as well as 12 restaurants and several service-oriented tenants on the ground floor. The second floor of Doral Shops, which spans roughly 40,000 square feet, houses service retailers and office space. Scott Sandelin and Edward Romo of Marcus & Millichap’s Miami …
Chicago — Unibail-Rodamco-Westfield (URW) has announced plans for a mixed-use development at Westfield Old Orchard shopping center. Plans include retail, residential, dining, entertainment and health and wellness space, as well as an open-air plaza to host events. Work on the multi-phase project began this fall, with enhancements to the common areas. New tenants have also opened at the property, including Bloomingdale’s Bloomies concept, Louis Vuitton and Barnes & Noble. The project will continue in 2023 with the redevelopment of a space that formerly housed Lord & Taylor. Construction of the …