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.
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.
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.
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.
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.
Pleasanton, Calif. — Newmark has arranged the sale of Pacific Pearl, a 110,511-square-foot retail center located in Pleasanton. 99 Ranch Market anchors the property, which was developed in 2018. Other tenants include 85 Degrees Bakery, Mochinut, Kura Sushi and Bonchon Chicken. Tourmaline Capital acquired the property and has retained Vestar as manager. Nicholas Bicardo, Bill Bauman, Kyle Miller and Cheyne Bloch of Newmark facilitated the transaction.
Somers, N.Y. — CBRE has arranged the sale of a 68,842-square-foot single-tenant retail property located in Somers, roughly 40 miles north of Manhattan. Stop & Shop fully occupies the building, which is situated within Somers Commons, a 134,760-square-foot retail center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Ceruzzi Properties, in the transaction. CBRE also procured the buyer, an undisclosed institutional investor.
Cumming, Ga. — Timber Development has sold a retail center located in Cumming, roughly 40 miles northeast of Atlanta, for $2.8 million. Built in 2019, the property was fully leased at the time of sale to four tenants, including AT&T and Jersey Mike’s, at the time of sale. Ari Ravi and Nate Timmons of Ripco brokered the transaction.
West Haven, Conn. — Houlihan-Parnes Properties has arranged a $2.6 million loan for the refinancing of Savin Rock Plaza, a retail center located in West Haven. Tenants at the property include Family Dollar, Peoples Bank and Dunkin’ Donuts. Built in 1985, the center was 80 percent leased at the time of financing. Jeremiah Houlihan and James Coleman of Houlihan-Parnes secured the 10-year financing on behalf of the undisclosed borrower.
Snellville, Ga. — Three new tenants have signed leases at The Shoppes at Webb Gin, a retail center located in Snellville, roughly 30 miles outside Atlanta. Browlash and Club Pilates will occupy 1,200 and 1,625 square feet, respectively. DRIPBar will also open at the property in January, in a 1,675-square-foot space. Sydney Isroff of Morrow Hill Commercial Real Estate represented DRIPBar in the leasing negotiations, and Emily Kozarek of Colliers International Retail Services Group represented Club Pilates. Monica Johnson and Kelsi Holman represented the landlord, Continental Realty Corp., on an internal …
