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Perch-Kitchen-Tap_Greenville-County-Square
DevelopmentGrocery-anchoredLeasingNewsSouth Carolina

RocaPoint Signs Perch Kitchen & Tap to $1 Billion Development in Greenville, South Carolina

by Hayden Spiess

Greenville, S.C. — RocaPoint Partners has signed Perch Kitchen & Tap to open a restaurant and brewery at Greenville County Square, a $1 billion mixed-use development in Greenville. Perch Kitchen & Tap is the first committed food-and-beverage tenant and will join Whole Foods Market in the development’s first phase. Palmetto Brewing Co. is partnering with Perch to operate the restaurant’s brewery portion. The new restaurant and brewery will feature 7,200 square feet of indoor dining and kitchen space and a 2,100-square-foot outdoor patio.

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Plaza-at-Rockwell_Dallas
Investment salesNewsTexas

CTO Realty Growth Acquires Retail Center in Dallas for $61.2 Million

by Hayden Spiess

Dallas — CTO Realty Growth Inc. has acquired Plaza at Rockwell, a 446,500-square-foot retail center located in Dallas, for $61.2 million. Situated on 42 acres, the property was 95 percent leased at the time of sale. Best Buy, Ulta Beauty, Dick’s Sporting Goods, JCPenney, Belk, Five Below and HomeGoods anchor the center.

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Chadbourn-Mill_Charlotte-N.C
DevelopmentInvestment salesMixed-useNewsNorth Carolina

Northpond Partners Purchases Adaptive Reuse Development in Charlotte for $12.5 Million

by Hayden Spiess

Charlotte, N.C. — Northpond Partners has purchased Chadbourn Mill, an adaptive reuse project underway at a 1930s-era textile mill in Charlotte. Northpond purchased the property from Federal Capital Partners (FCP) for $12.5 million, with plans to develop retail and restaurant space. Renovations will include the addition of two 7,000-square-foot patios and the installation of garage doors on the 18,000 square feet of ground-floor retail space at the property’s main building. Plans also include the addition of a lawn adjacent to the secondary, 2,100-square-foot retail building. The corporate headquarters for software …

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Investment salesNewsOhio

Marcus & Millichap Arranges $8.9 Million Sale of Retail Center in Metro Columbus, Ohio

by Hayden Spiess

Pickerington, Ohio — Marcus & Millichap has arranged the $8.9 million sale of The Shoppes at Stonecreek in Pickerington, an eastern suburb of Columbus. Built in 2008, the property comprises 44,874 square feet and was fully leased at the time of sale. Tenants include Life Time Fitness, Roosters, Petland and Vitality Bowls. Scott Wiles, Craig Fuller, Erin Patton and Zach Turner of Marcus & Millichap represented the buyer and seller, neither of which were disclosed.

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Starbucks_Inglewood-Calif
CaliforniaInvestment salesNet leaseNews

SRS Arranges $5.1 Million Sale of Starbucks-Occupied Property in Metro Los Angeles

by Hayden Spiess

Inglewood, Calif. — SRS Real Estate Partners has arranged the $5.1 million sale of a single-tenant retail property located in Inglewood, roughly 12 miles outside Los Angeles. Starbucks Coffee occupies the 1,008-square-foot building, which was built in 2021 on 0.4 acres, on a net-lease basis. Brian Wolfman and Zach Leffers of SRS represented the seller, a Los Angeles-based private investor. David Oberg and Zach Ordin of DLO Realty Group represented the buyer, a Los Angeles-based family office.

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22420-Van-Buren-Blvd_Riverside-Calif
CaliforniaInvestment salesNet leaseNews

Hanley Brokers $4.9 Million Sale of Retail Building in Riverside, California

by Hayden Spiess

Riverside, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $4.9 million sale of a four-tenant retail property located in Riverside. Built In 2020 and situated within Veteran’s Plaza, the 6,963-square-foot building is occupied by Starbucks Coffee, Express Gadget Repair, Desperate Measures and Jersey Mike’s Subs on a net-lease basis. Eric Wohl and CJ Kiehler of Hanley represented the seller, a California-based developer. Shirley Kim of Max Mega Group Realty represented the buyer, an international private investor.

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Village-Prasada
ArizonaDevelopmentFinanceGrocery-anchoredNews

Gantry Arranges $53.4 Million Refinancing for Retail Center in Phoenix Suburb

by Katie Sloan

Surprise, Ariz. — Gantry has arranged a $53.4 million permanent loan for the refinancing of the The Village at Prasada, a 700,000-square-foot multi-phase retail center project in the Phoenix suburb of Surprise. The 7.5-year, fixed-rate loan will retire the construction debt for the first phase of the development, which comprises 308,640 square feet. Phase One was fully leased at the time of financing to tenants including Sprouts Farmers Market, Ross Dress for Less, HomeGoods, Marshalls, Ulta Beauty, Total Wine & More, PetSmart, T.J. Maxx and Floor & Décor. Tim Storey, …

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CaliforniaDevelopmentFinanceMixed-useNews

Citivas Provides Construction Financing for 25,000-Square-Foot Mixed-Use Project in Santa Monica, California

by Katie Sloan

Santa Monica, Calif. — Citivas Capital Group has provided a senior construction loan for the development of a mixed-use project at Third Street Promenade in Santa Monica. Upon completion, the space, which will include retail and office space, will feature floor-to-ceiling windows and a 4,000-square-foot outdoor roof terrace. Blatteis & Schnur was the borrower. Jorge Adler of Citivas arranged the financing. 

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Investment salesLeasingNewsOhio

Dowd Cos. Brokers Sale-Leaseback of Two Children of America Schools in Ohio for $6.9 Million

by Katie Sloan

Columbus and Maineville, Ohio — The Dowd Cos. has arranged the sale-leaseback of two Children of America schools in Ohio for $6.9 million. The properties total 21,949 square feet. John Dowd and Theresa Johnson of Dowd Cos. represented Children of America in the 1031, all-cash transaction. Children of America maintains more than 65 locations in 15 states with 13 new properties under development. 

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Eden-Prairie
LeasingMinnesotaNewsRestaurants

Three Restaurants Totaling 9,056 Square Feet to Open at Eden Prairie Center in Metro Minneapolis

by Katie Sloan

Eden Prairie, Minn. — Three new restaurant concepts will open at Eden Prairie Center, a 1.4 million-square-foot retail center located in the southwest Minneapolis suburb of Eden Prairie. Gyu Mai Japanese BBQ and Ichiddo Ramen will open within a dual-concept space comprising 7,996 square feet, with both concepts scheduled to open in December of this year. Starting in July, Where’s The Flour?, a gluten-free fast-casual restaurant, will lease 808 square feet within the development’s food court. Additionally, Café Viola will open a coffee kiosk and occupy 252 square feet, beginning …

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