News

Colonnade-Retail-Cener_San-Antonio

San Antonio — A joint venture between Headwall Investments and SageView Partners has acquired The Colonnade Retail Center, a 126,549-square-foot shopping center located in San Antonio. Tenants at the property include Firehouse Subs, Great Clips, The Honey Baked Ham Co., First Watch and PJ’s Coffee of New Orleans. This marks the inaugural purchase for Headwall’s Shopping Center Fund II portfolio, a platform targeting unanchored convenience retail centers in major Texas metros. 

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Harrisburg, Pa. — The Kislak Co. has brokered the $4.6 million sale of Uptown Plaza, a 156,066-square-foot retail center located in Harrisburg. Built in 1957 on 14 acres, the property features 30 storefronts. Tenants at the center include H&R Block, Metro PCS, McDonald’s and Save-a-Lot. Robert Holland and Barry Waisbrod of Kislak arranged the sale on behalf of the seller, Town Associates. America’s Realty purchased the property.

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Jericho, N.Y. — New York-based Kimco Realty has signed 19 new leases at its shopping center properties in Arizona. Scheduled to open this month and in April, Burlington and Five Below will occupy 30,000 and 10,787 square feet, respectively, at Christown Spectrum in Phoenix. PetWellClinic and Milano Nails Salon have also signed leases totaling 6,432 square feet at Madison Village Marketplace in Phoenix. Cookie Plug and Parlor Doughnuts will open 900-square-foot and 2,100-square-foot shops in Phoenix as well, at Plaza at Mountainside, a Safeway-anchored property. Skechers is scheduled to open within …

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YETI

New York City — Outdoor lifestyle brand YETI has signed a 6,614-square-foot lease in Manhattan in New York City. Scheduled to open by early summer of this year, the store will occupy space on two levels of the building, which is situated across from Madison Square Park. Boston Properties is the landlord of the property. Ian Rice of SCG Retail, a division of TSCG, and Jordan Cohn of Ripco represented YETI in the lease negotiations. Alan Schmerzler and Steven Soutendijk of Cushman & Wakefield represented the landlord. 

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FAT-Village_Fort-Lauderdale-Fla

Fort Lauderdale, Fla. — Hines and partners Urban Street Development, Cresset Real Estate, Las Americas, Hudson Capital and Halmos Holdings have broken ground on FAT Village, a 5.6-acre mixed-use project located in Fort Lauderdale. The first phase, which is scheduled for completion in 2027, will feature 74,000 square feet of retail space, in addition to 601 apartment units and 180,000 square feet of mass timber office space, dubbed T3 — Timber, Transit and Technology. A second phase will be developed upon completion of the first. In total, the project will comprise …

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Chapel-Hills-East_Colorado-Springs-Colo

Colorado Springs, Colo. — M & J Wilkow and MetLife Investment Management have acquired Chapel Hills East in Colorado Springs, marking the fifth joint venture for the companies. Whole Foods Market anchors the retail center, which totals 225,000 square feet. Other tenants at the property, which was fully leased at the time of sale, include Nordstrom Rack, Best Buy, DSW, Old Navy, Barnes & Noble and Office Depot. The center was developed in 1995 and 1996. 

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El-Paseo-Shopping-Center_South-Gate-Calif

South Gate, Calif. — CBRE has secured a $43 million loan for the refinancing of El Paseo Shopping Center in South Gate, a suburb of Los Angeles. Tenants at the 300,000-square-foot retail center include Regal Edwards Theatres, Curacao, Planet Fitness, Starbucks Coffee, Union Bank, GNC, Panda Express, T-Mobile and Hooters. Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek of CBRE arranged the five-year, full-term interest-only, nonrecourse financing on behalf of the undisclosed borrower.

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Houston — Fast-casual concept Salad and Go has signed four new leases in Texas. The brand will open restaurants at a 44,431-square-foot property in Magnolia and a 30,000-square-foot property in Cypress. Danny Miller of Gulf Coast Commercial Group represented the landlord in both negotiations. Salad and Go has also signed leases in The Woodlands and Bryan. Jacob Weersing of Capital Retail represented the landlord of the Woodlands property in the transaction. Jason Baker, Traci Holman, Lunden McGill and John Frazier of Baker Katz represented Salad and Go in the lease negotiations. 

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Michael Gold

Peoria, Ill. — Cullinan Properties has appointed Michael Gold as president of the company. Prior to joining Cullinan, Gold most recently served as chief operating officer for shopping center owner and operator Pine Tree. During his tenure at Pine Tree, Gold’s teams oversaw more than 20 million square feet of real estate. “Michael’s comprehensive understanding of the industry and proven track record of success make him an invaluable addition to the Cullinan Properties team,” says Diane Cullinan Oberhelman, chairman of Cullinan Properties. Gold will be based in Cullinan’s Chicago office. 

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Arundel-Plaza_Glen-Burnie

Glen Burnie, Md. — JLL has secured a $22 million loan for the refinancing of Arundel Plaza, a 282,039-square-foot shopping center located in Glen Burnie, a southern suburb of Baltimore. Michael Klein, Jon Mikula, Evan Parker and John Cumming of JLL arranged the five-year, fixed-rate financing through a life insurance company on behalf of the Singapore-based borrower, United Hampshire U.S. REIT. Arundel Plaza was fully leased at the time of financing to tenants including Lowe’s Home Improvement, Giant Food, Jersey Mike’s, FedEx, Hook & Reel, Panda Express and Chipotle Mexican Grill. …

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