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ColoradoGrocery-anchoredInvestment salesNews

JLL Arranges $8.3 Million Sale of Shopping Center in Metro Denver

by Hayden Spiess

Aurora, Colo. — JLL Capital Markets has brokered the sale of Shoppes at Parker Commons, a 32,297-square-foot retail center located in Aurora, approximately 10 miles outside of Denver. Peakview Realty acquired the property for $8.3 million. Jason Schmidt of JLL represented the seller, an entity doing business as Special Servicer LNR Partners LLC. Built in 1987, the property was 92 percent leased at the time of sale. Tenants at the center include anchor H-Mart, H&M Dental, Farmers Insurance Group, O’Hair Salon, Volcano Tea House, Neo Lashes and Nails and QQ …

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LeasingMassachusettsNews

Life Time Opens 52,000-Square-Foot Gym at Shopping Center in Metro Boston

by Hayden Spiess

Medford, Mass. — The Shops at Station Landing — a retail center located in Medford, roughly 5 miles outside of Boston — will see the addition of Life Time Wellington Station, a fitness club. Beginning this month, the gym will occupy 52,000 square feet and three stories at the center and feature amenities including strength-based and cardio equipment, a four-lane lap pool, spa and café. The location will also offer spaces for barre, cycling, Pilates, yoga, and personal and group training.

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CaliforniaInvestment salesNews

Private Family Sells Sit ‘n Sleep-Occupied Retail Building in Los Angeles’ Studio City for $6.9 Million

by Hayden Spiess

Los Angeles — A private family has completed the disposition of a retail property in the Studio City neighborhood of Los Angeles. A private investor acquired the property for $6.9 million. Sit ‘n Sleep, a mattress retailer, has occupied the two-story, 15,000-square-foot building at 12318 Ventura Blvd. for 11 years. The tenant’s current lease terminates in 2023, with a six-year option to renew. Tanel Harunzade, Darrell Levonian and Brittney McCarthy of Kidder Mathews represented the seller in the deal.

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Investment salesNew JerseyNews

IPA Arranges $63 Million Sale of New Jersey Retail Center

by Hayden Spiess

West Long Branch, N.J. — Marcus & Millichap’s Institutional Property Advisors (IPA) has facilitated the $63 million sale of Consumer Centre, a 293,087-square-foot shopping center located in West Long Branch. Paramount Realty Services acquired the Home Depot-anchored property, which was 96 percent occupied at the time of sale. Brad Nathanson of IPA represented the seller, Site Centers Inc. Tenants at the center, which was built in 1993, include Dick’s Sporting Goods, Buy Buy Baby, Ulta Beauty, DSW, PetSmart and Five Below.

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ConnecticutInvestment salesNews

FNRP Purchases 259,104-Square-Foot Shopping Center in Metro Hartford

by Hayden Spiess

West Hartford, Conn. — First National Realty Partners (FNRP) has purchased Bishops Corner, a 259,104-square-foot retail center located in West Hartford, roughly five miles outside of Hartford. Tenants at the center, which is anchored by a 59,000-square-foot Target, include HomeGoods, The Paper Store, Mattress Firm, Orange Theory, AT&T, Bank of America, TD Bank, Noodles & Company, GNC, Subway and Massage Envy. Paul Penman of Newmark represented the undisclosed seller in the transaction.

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ColoradoInvestment salesNews

Capstone Brokers Sale of Former Sears Site in Lakewood, Colorado

by Hayden Spiess

Lakewood, Colo. — Capstone Colorado Land Team has brokered the sale of a 7.65-acre lot at 10785 Colfax Ave. in Lakewood. Artesia Real Estate Investors acquired the land parcel for an undisclosed price. The site includes a former Sears department store and a separate outparcel building that previously operated as a Sears Automotive Center. The two unoccupied buildings comprise a total 163,957 square feet of commercial space. Travis Hodge and Anthony Bobay of Capstone represented the undisclosed seller, while Artesia Real Estate Investors was self-represented in the transaction.

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LeasingNewsTexas

Baker Katz Executes Three EōS Fitness Leases Totaling 144,260 Square Feet

by Hayden Spiess

Houston — Jason Baker of Baker Katz has arranged three leases on behalf of EōS Fitness in Texas. Beginning in 2024, EōS will occupy 51,130 square feet at Williams Trace Plaza in Sugar Land. Wendell Nault of Whitestone represented the landlord in the transaction. The gym will also open a 42,000-square-foot location at the Shoppes at the Bridges retail center in Atascocita in 2025. Jarrett Adame with First Hartford Realty represented the landlord in the lease. Clay McDaniel of Excel Commercial Real Estate represented the landlord of The Square at …

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Company newsNewsTennessee

Poag Shopping Centers Rebrands to Poag Development Group

by Hayden Spiess

Memphis, Tenn. — Poag Shopping Centers, as part of its recently announced partnership with JLL, has rebranded to Poag Development Group. “At a time when retail is all too often an afterthought in a mixed-use project, Poag Development Group’s unmatched expertise in creating and optimizing memorable and profitable retail environments is more critical than ever,” says Josh Poag, chief executive officer of Poag. “I couldn’t be more excited for this next chapter in the Poag legacy.” The company’s current projects include the redevelopment of Somerset Square in Glastonbury, Connecticut; the …

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DevelopmentMixed-useNewsTexas

StreetLights Residential Plans $3 Billion The Mix Development in Metro Dallas

by Hayden Spiess

Frisco, Texas — StreetLights Residential has unveiled plans for The Mix, a $3 billion mixed-use project located at the intersection of Dallas Parkway and Lebanon Road north of Dallas’ Platinum Corridor in Frisco. The 112-acre project is set to include 2 million square feet of office space; 375,000 square feet of retail, including a grocery store; a 400-key business hotel and 200-key boutique hotel; and 3 million square feet of residential development. The development will also include a 9-acre central park designed by OJB Landscape Architecture, the landscape firm behind …

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Investment salesNewsTexas

JLL Brokers Sale of 213,416-Sqaure-Foot Shopping Center in Fort Worth

by Hayden Spiess

Fort Worth, Texas — JLL Capital Markets has arranged the sale of The Shops at Chisholm Trail Ranch, a 213,416-square-foot retail center located in Fort Worth. Tenants at the property, which was 97.5 percent leased at the time of sale, include Studio Movie Grill, Ulta Beauty, Old Navy, Ross Dress for Less, Marshalls, Tuesday Morning, Five Below, Famous Footwear, Pet Supplies Plus, James Avery and Crumbl Cookies. Chris Gerard, Barry Brown and Matthew Barge of JLL represented the seller — Street Level Investments — in the transaction. Mazaheri Properties acquired …

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