News

The-Avenue-Murfreesboro_Murfreesboro-Tenn
FinanceNewsTennessee

JLL Secures $125 Million Refinancing for The Avenue Murfreesboro in Metro Nashville

by Hayden Spiess

Murfreesboro, Tenn. — JLL Capital Markets has secured a $125 million loan for the refinancing of The Avenue Murfreesboro, an 846,467-square-foot retail center located in Murfreesboro, roughly 35 miles outside Nashville. Built in 2007, the property was 93.1 percent leased at the time of financing. Tenants at the center include Best Buy, Belk, Dick’s Sporting Goods, Haverty’s Furniture, Burlington, Barnes & Noble, Off-Broadway Shoe Warehouse, Victoria’s Secret, Old Navy, H&M, Michaels, Petco, Cost Plus World Market, Ulta Beauty, Hollister, Buckle, Torrid and Sephora. Chris Drew, Brian Dawson and Matt Casey of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Waterstone Center
Investment salesNewsOhio

Midland Atlantic Properties, Next Realty Acquire 160,000 Square-Foot Shopping Center in Cincinnati

by Hayden Spiess

Cincinnati — A joint venture between affiliates of Midland Atlantic Properties and Next Realty has acquired Waterstone Center, a 160,000-square-foot shopping center in Cincinnati. The property was fully leased at the time of sale. Tenants at the center include Best Buy, Ross Dress for Less, Michaels, Old Navy, Petco and Verizon. BWE arranged acquisition financing through Goldman Sachs.

Continue Reading
0 FacebookTwitterLinkedinEmail
Picklemall
EntertainmentIllinoisLeasingNews

Picklemall to Open 46,000-Square-Foot Venue in Metro Chicago

by Hayden Spiess

Vernon Hills, Ill. — Pickleball entertainment concept Picklemall has signed a 46,000-square-foot lease in Vernon Hills, a northern suburb of Chicago. The facility, which will be located in a space formerly occupied by Toys “R” Us, is scheduled for completion in the first quarter of 2024. The flagship venue marks the first of 50 that are planned throughout the country over the next two years. Transwestern Real Estate Services (TRS) represented Picklemall in the leasing negotiations. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Mercer-on-One_Lawrenceville-N.J
LeasingNew JerseyNews

Federal Realty Rebrands 551,000-Square-Foot Mercer Mall in Metro Philadelphia 

by Hayden Spiess

Lawrenceville, N.J. — Federal Realty Investment Trust has announced the rebranding of Mercer Mall in Lawrenceville, roughly 40 miles northeast of Philadelphia. Moving forward, the property, which totals 551,000 square feet, will be known as Mercer on One. Federal Realty has also signed leases with two new tenants at the property. J. Crew Factory will occupy 6,100 square feet, and Crate and Barrel has opened a 42,000-square-foot store. Additionally, DSW is currently undergoing a full remodel and façade upgrade. Ashton Design led the rebranding effort.

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsRestaurantsTexas

Littwitz Investments Arranges Three Restaurant Leases Totaling 8,733 Square Feet in Texas

by Hayden Spiess

Houston, Mont Belvieu and Richmond, Texas — David Littwitz of Littwitz Investments has arranged three restaurant leases totaling 8,733 square feet in Texas. Blue Tuba Euro-Tex Cuisine has signed a 5,141-square-foot lease at the Harold’s Heights retail building in Houston. Additionally, Beaky’s Hot Chicken will open a 2,436-square-foot restaurant at a shopping center currently underway in Mont Belvieu, and Cinnaholic Gourmet Cinnamon Rolls will occupy 1,156 square feet at Waterview Town Center in Richmond. Littwitz represented the tenants in the leasing negotiations. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Grand Parkway Town Center_Aerial_Oblique_15_PR_061123_062623
DevelopmentNewsTexas

NewQuest Underway on $90 Million Development in Metro Houston

by Hayden Spiess

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. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesNewsTexas

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

by Hayden Spiess

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. 

Continue Reading
0 FacebookTwitterLinkedinEmail
10504-10524-Flatlands-Ave_New-York-City
Investment salesNew YorkNews

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

by Hayden Spiess

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. 

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsTexas

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

by Hayden Spiess

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.  

Continue Reading
0 FacebookTwitterLinkedinEmail
Warby-Parker_Viera-Fla
FloridaLeasingNews

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

by Hayden Spiess

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. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts