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Scheels_Cedar-Park
DevelopmentLeasingMixed-useNewsTexas

Scheels to Open 240,000-Square-Foot Sporting Goods Store in Metro Austin

by Hayden Spiess

Cedar Park, Texas — Scheels, an employee-owned sporting goods retailer based in Fargo, North Dakota, plans to open a 240,000-square-foot store in Cedar Park, a northern suburb of Austin. The store will be the retailer’s second “All Sports” location to open in Texas, joining a store at Grandscape in The Colony that opened in 2020. Scheels plans to employ more than 500 associates at the store, most of whom will be local to Cedar Park. The Cedar Park Scheels is the second anchor tenant announced for CedarView, a mixed-use development that …

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DICK'S House of Sport
DevelopmentNewsTexas

Graycor Completes Renovations at DICK’S House of Sport Stores Totaling 200,000 Square Feet in Texas

by Hayden Spiess

Friendswood and Katy, Texas — Graycor Construction has completed the renovation of two DICK’S House of Sport stores in Texas. Located in Friendswood and Katy, the spaces comprise roughly 100,000 square feet each and feature a climbing wall, multisport cage and golf simulation. Fox Design was the architect for both projects, which included both interior and exterior updates. 

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Investment salesNewsWashington

HDA Partners Acquires Retail Center in Metro Portland for $3.6 Million

by Hayden Spiess

Vancouver, Wash. — HDA Partners has purchased Y Plaza, a 22,000-square-foot retail center in Vancouver, roughly 10 miles north of Portland, for $3.6 million. Deborah Ewing of Fuller Group Commercial Real Estate Services represented the seller, Slosar Properties, in the transaction. Eric Garske of Marcus & Millichap represented HDA.

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LeasingNewsNorth Carolina

Planet Fitness Signs 18,000-Square-Foot Lease in Metro Charlotte

by Hayden Spiess

Newton, N.C. — Planet Fitness has signed an 18,000-square-foot lease in Newton, roughly 40 miles outside Charlotte. The tenant will operate in half of a space formerly occupied by Bi-Lo at Marketplace Center. Prior to the lease, the space was vacant for more than seven years. Tad Anderson of Ardor Commercial Advisors represented the landlord, RVS Realty, in the lease negotiations. Jay Hagerman of Providence Group represented Planet Fitness. 

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Trail-Plaza_Miami
FloridaGrocery-anchoredInvestment salesNews

CBRE Brokers $49.3 Million Sale of Shopping Center in Miami

by Hayden Spiess

Miami — CBRE has brokered the $49.3 million sale of Trail Plaza, a 181,558-square-foot shopping center located in Miami. Built in 1987, the property was 99 percent leased at the time of sale. Tenants at the center include Fresco y Más, Walgreens, Harbor Freight Tools and Party Depot. Casey Rosen and Dennis Carson of CBRE represented the undisclosed seller in the transaction. An entity controlled by Longpoint Realty Partners acquired the property. 

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Citrus-Landing_Riverside-Calif
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Arranges Acquisition of Five Outparcels Totaling 25,916 Square Feet in Southern California

by Hayden Spiess

Riverside, Calif. — Hanley Investment Group Real Estate Advisors has arranged the acquisition of five retail outparcels located at Citrus Landing, a 124,904-square-foot retail center in Riverside. Tenants at the outparcels, which total 25,916 square feet, include Carl’s Jr., Quick Quack Car Wash, Arrowhead Credit Union, Panda Express, Café Bottega, Pacific Dental, and Chick-fil-A, which is scheduled to open next year. Stater Bros. anchors Citrus Landing, which was fully occupied at the time of sale. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the 1031-exchange buyers in the transaction. …

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EntertainmentLeasingNew YorkNews

Electric Shuffle to Open 10,000-Square-Foot Entertainment Center in Manhattan

by Hayden Spiess

New York City — Electric Shuffle, an entertainment concept featuring high-tech shuffleboard, as well as food and beverages, will open a 10,000-square-foot venue on the second floor of Broadway and West 30th Street in Manhattan’s NoMad neighborhood. John Few of SRS Real Estate Partners represented Electric Shuffle in the lease negotiations. Richard Tang represented the landlord, The Lam Group, on an internal basis, with Adam Weinblatt of Newmark. The opening is scheduled for next spring.

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Bowlero
Company newsEntertainmentInvestment salesNet leaseNew YorkNews

VICI Acquires 38 Bowling Entertainment Centers for $432.9 Million

by Hayden Spiess

New York City — VICI Properties Inc. has acquired 38 bowling entertainment centers from Bowlero Corp. in a sale-leaseback transaction for a total $432.9 million. Bowlero will now occupy the properties, which are located in 17 states, on a triple-net-lease basis. Initial annual rent for the lease will total $31.6 million. The deal also included an eight-year right of first offer term for VICI to purchase Bowlero real estate. J.P. Morgan acted as financial advisor to VICI in the transaction, and Hogan Lovells US LLP and Kramer Levin Naftalis & Frankel …

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