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NewQuest Underway on $90 Million Development in Metro Houston

by Hayden Spiess October 10, 2023

Tomball, Texas — NewQuest Properties is underway on the development of a $90 million retail center in Tomball, roughly 35 miles outside Houston. Dubbed The Grand at 249, the property will total 404,256 square feet upon completion, including two multi-tenant buildings and 12 pad sites. Tenants at the center will include AT&T, Boomer Jack’s, Gringo’s, Jersey Mike’s, Milano Nails and Two Pho Nine Asian Fusion. Andrew Alvis and Davis Meyers are handling leasing at the development. Openings at the project are scheduled to begin this month.

October 10, 2023

Grocery-anchored Investment sales News Texas

STRIVE Arranges Sale of 239,610-Square-Foot Shopping Center in Dallas-Fort Worth Metro

by Hayden Spiess October 10, 2023

Euless, Texas — STRIVE has arranged the sale of Euless Town Center, a 239,610-square-foot shopping center located in the Dallas-Fort Worth suburb of Euless. Ross Dress for Less and Aldi anchor the property. Other tenants include iT’Z Family Food and Fun, Dirt Cheap, SKECHERS, Sally Beauty, Mid-Cities Animal Urgent Care and Ichiban Buffet. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a California-based investor, in the transaction.

October 10, 2023

Investment sales New York News

Marcus & Millichap Brokers $11.7 Million Sale of Retail Center in Brooklyn

by Hayden Spiess October 10, 2023

New York City — Marcus & Millichap has brokered the $11.7 million sale of a retail center located in Brooklyn in New York City. Totaling 26,260 square feet, the property was fully occupied at the time of sale by five ground-floor tenants, with a 12,000-square-foot A+ Kidz Academy occupying the second floor. 7-Eleven and Clean Rite anchor the property. Scott Plasky and Alexander Arustamian of Marcus & Millichap represented the undisclosed seller in the transaction.

October 10, 2023

Leasing News Texas

Planet Fitness Signs 20,105-Square-Foot Lease in Metro Dallas

by Hayden Spiess October 10, 2023

Lewisville, Texas — Planet Fitness has signed a 20,105-square-foot lease at Vista Ridge Plaza, a retail center located in Lewisville, roughly 30 miles outside Dallas. Other tenants at the property include Harbor Freight, McAlister’s Deli and Smoothie King. Oliver Willman, Baylor Worman, Grayson Duyck and William Carr of Matthews Real Estate Investment Services represented the landlord in the leasing negotiations.

October 10, 2023

Florida Leasing News

Warby Parker Signs 2,200-Square-Foot Lease at Retail Center in Viera, Florida

by Hayden Spiess October 10, 2023

Viera, Fla. — Eyewear brand Warby Paker has signed a 2,200-square-foot lease at The Avenue Viera, a retail center in Viera. Scheduled to open Oct. 14, this will mark the 16th store in the state for the brand. Other tenants at the property include World Market, European Wax Center and lululemon, among others.

October 10, 2023

California Finance News

Walker & Dunlop Arranges $39.9 Million Refinancing for Orangefair Marketplace in California

by Hayden Spiess October 9, 2023

Fullerton, Calif. — Walker & Dunlop has arranged a $39.9 million loan for the refinancing of Orangefair Marketplace, a 244,000-square-foot retail center located in Fullerton. Riley Manke and Andrew Westling secured the financing through Morgan Stanley on behalf of the borrower, Columbus Pacific Properties.

October 9, 2023

Finance Georgia News

CBL, Horizon Group Secure $79.3 Million Refinancing for Outlet Mall in Woodstock, Georgia

by Hayden Spiess October 9, 2023

Woodstock, Ga. —Joint venture partners CBL Properties and Horizon Group Properties have secured a $79.3 million loan for the refinancing of The Outlet Shoppes of Atlanta, a retail outlet property located in Woodstock. The 10-year, fixed-rate financing replaces two existing loans with a total balance of $69.5 million that were set to mature this November. The property features 103 retailers, including American Eagle Outfitters, Auntie Anne’s, Athleta, Banana Republic Factory Store, Champion, Forever 21 and GNC, among others.

October 9, 2023

California Leasing News Restaurants

Progressive Arranges 3,273-Square-Foot Lease in Southern California

by Hayden Spiess October 9, 2023

Ontario, Calif. — Progressive Real Estate Partners has arranged a 3,273-square-foot lease in Ontario. Albert Lopez of Progressive represented the landlord in the leasing negotiations. KFC will occupy the single-tenant property on a 15-year ground lease. KFC has begun renovations to the property and is scheduled to open by mid-2024. Charlie Cangelosi of Irish Commercial represented the tenant in negotiations. Restaurant Brands, which operates more than 70 KFC venues in Southern California, is the franchisee.

October 9, 2023

Hawaii Leasing News

Four Tenants Sign Leases at Ala Moana Center in Honolulu

by Hayden Spiess October 9, 2023

Honolulu — Four new tenants have signed leases at Ala Moana Center, a shopping center featuring more than 350 retailers located in Honolulu. Alo Yoga has opened at the property, and Marni is scheduled to join the lineup later this month. Restaurant Texas De Brazil and fitness concept Lagree Oahu will also open in December.

October 9, 2023

New York News

Vibrant Emotional Health Partners with Shopping Center Owners to Install Signs at 1,450 Properties

by Hayden Spiess October 9, 2023

New York City — New York City-based Vibrant Emotional Health, the administrator of 988 Lifeline, has partnered with shopping center owners in an initiative to increase awareness of emotional support services for individuals in distress. Installation of the signage, which will total 8,400 weather-resistant metal signs across 1,450 properties, began in September and is scheduled for completion by the end of 2024. Shopping center owners involved in the initiative include Brixmor Property Group, Kimco Realty, Kite Realty Group, Peterson Cos., Regency Centers, Sterling Organization and Urban Edge Properties.

October 9, 2023

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