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DevelopmentGrocery-anchoredMontanaNews

Shopping Center in Bozeman Undergoes $50 Million Redevelopment, Signs Montana’s First Whole Foods Market

by Hayden Spiess

Bozeman, Mont. — Gallatin Valley Mall, a retail center located in Bozeman, is currently undergoing a multi-phase, $50 million redevelopment. To be known as Gallatin Crossing, the property will be mixed-use and feature retail, entertainment and medical space. The latter will include a 45,000-square-foot Medical Pavilion that brings together Intermountain Healthcare and Ortho Montana PSC. Whole Foods Market will also join the property with a location that marks its first in the state. The first phase of development for the project, which began in September 2022, is scheduled for completion …

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FinanceInvestment salesNewsTexas

JLL Negotiates Sale of 938,103-Square-Foot Retail Power Center in Austin

by Hayden Spiess

Austin, Texas — JLL has negotiated the sale of Southpark Meadows, a 938,103-square-foot retail power center in Austin. Built in phases between 2004 and 2008, the center was 95 percent leased at the time of sale to tenants including HomeGoods, Marshalls, Ross Dress for Less, Hobby Lobby, Burlington, Dave & Busters, Best Buy, Five Below and Rooms To Go. Chris Gerard, Barry Brown, Ryan Shore, Robby Westerfield and Cole Sutter of JLL represented the undisclosed seller in the transaction. Chris McColpin and Chris Drew, also with JLL, arranged an undisclosed …

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Cheesecake-Factory-Houston
Investment salesNewsPennsylvaniaRestaurants

Northmarq Brokers $7.1 Million Sale of Downtown Pittsburgh Restaurant Building

by Hayden Spiess

Pittsburgh — Northmarq has brokered the $7.1 million sale of a 13,575-square-foot restaurant building in downtown Pittsburgh. The freestanding building is located within the Southside Works development and is leased to The Cheesecake Factory, which has occupied the property since its original construction in 2004. Asher Wenig of Northmarq represented the buyer and seller — both of which are undisclosed New York-based firms — in the transaction.

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Investment salesNewsRestaurantsTexas

Weitzman Arranges Sale of 13,562-Square-Foot Retail Strip Center in Metro Dallas-Fort Worth

by Hayden Spiess

Denton, Texas — Weitzman has arranged the sale of a 13,562-square-foot retail strip center in the North Texas city of Denton. The center sits on 1.1 acres at 111 E. University Drive. Tenants include The UPS Store, Taqueria Monterrey and Sangam Indian Restaurant. A local investor sold the property to a California-based limited liability company for an undisclosed price, with both parties requesting anonymity. David Zoller of Weitzman brokered the deal.

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Gina-Boswell-Bath&Body-CEO
Company newsNewsOhio

Bath & Body Works Appoints New Chief Executive Officer with 30 Years of Experience

by Hayden Spiess

Columbus, Ohio — Bath & Body Works Inc. has appointed Gina Boswell, an industry veteran with more than 30 years of experience, to the role of chief executive officer and member of the Board. Boswell previously served in leadership positions with companies including Unilever, Alberto Culver Co. and The Estee Lauder Cos. and as a board member of the Retail Industry Leaders Association (RILA). Bath & Body’s board of directors voted unanimously in favor of appointing Boswell.

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Vacaville-Commons-Vacaville-Calif
CaliforniaFinanceNews

Gantry Arranges $23 Million Refinancing for Shopping Center in San Francisco Bay Area

by Hayden Spiess

Vacaville, Calif. — Gantry has secured $23 million for the refinancing of Vacaville Commons, a 400,000-square-foot retail center located in Vacaville, roughly 30 miles southwest of Sacramento. Tom Dao and Erinn Cooke of Gantry’s San Francisco office arranged the 10-year permanent loan on behalf of the borrower, an undisclosed investment partnership. Tenants at Vacaville Commons, which is shadow-anchored by Target and Burlington, include Safeway, Ross Dress for Less, Big 5, Chase Bank, Chick-fil-A and Chili’s.

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DevelopmentGeorgiaInvestment salesNews

US Fitness Holdings Acquires 69,000-Square-Foot Sports Club in Metro Atlanta

by Hayden Spiess

Woodstock, Ga. — US Fitness Holdings LLC has announced a definitive agreement to acquire a property at 301 Gold Creek Trail in Woodstock, roughly 30 miles north of Atlanta. The 69,000-square-foot sports club, currently operated as a Gold’s Gym, will be converted into a Onelife Fitness club. Onelife will retain existing staff and memberships and invest a projected $1.5 million into updating the facility. Amenities will include cardio and strength equipment, turf training areas, a spin studio, studios featuring fitness classes, a sauna, recovery studio, Olympic lifting platforms and a …

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Galleria-L-Orange-Orange-CA
CaliforniaFinanceNews

PSRS Secures $15 Million Refinancing for Galleria L’Orange Retail Center Near Los Angeles

by Hayden Spiess

Orange, Calif. — PSRS has arranged $15 million in financing for Galleria L’Orange, a multi-tenant retail center in Orange, roughly 30 miles outside of Los Angeles. Michael Tanner and Tony Messiah of PSRS secured the non-recourse loan, which features a 10-year term and 30-year amortization. A correspondent life insurance company provided the capital. Situated on 3.1 acres, the three-building property offers 40,323 square feet of retail space and 180 parking spaces. Tenants include Starbucks Coffee, Supercuts, U.S. Bank, H&R Block and T-Mobile.

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Shops-at-Upper-Kirby-Houston
LeasingNewsRestaurantsTexas

Houston Shopping Center Achieves 100 Percent Occupancy

by Hayden Spiess

Houston — The Shops at Arrive Upper Kirby, a 65,000-square-foot retail center located at 3300 Kirby Drive in Houston, has recently signed leases with two new tenants, bringing the center to 100 percent occupancy. Agenda Houston, an urban streetwear store, will lease 3,870 square feet of space; and Haii Keii, a Japanese restaurant, will occupy 2,878 square feet. Crystal Allen and Kim Bernick of Transwestern Real Estate Services (TRS) arranged the leases on behalf of the landlord, an entity doing business as CP5 Kirby Collection LLC, which acquired the property …

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Plum-Creek-Village-Kyle-Texas
FinanceInvestment salesNewsNorth CarolinaTexas

Northmarq Arranges $9.3 Million Acquisition Financing for Properties in Texas, North Carolina

by Hayden Spiess

Kyle, Texas and Zebulon, N.C. — Northmarq has secured financing for the acquisition of Plum Creek Village and Zebulon Crossing, two retail centers located in Texas and North Carolina. Ory Schwartz of Northmarq arranged the two loans, totaling $9.3 million, through a life insurance company on behalf of an undisclosed individual investor. Financing included $5.25 million for the purchase of Plum Creek Village, a 19,899-square-foot shopping center located in Kyle, Texas. The property is home to tenants including Shipley’s Tropical Smoothie Café and Action Behavior Center. Tenants at the 30,475-square-foot …

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