Houston — Fast-casual American-style restaurant Eggs Up Grill has signed a franchise agreement to open five new restaurants across Texas. Texas franchise partners Louis and Lisa Jones will own and operate the restaurants. In addition to the Houston area, Eggs Up Grill continues to pursue expansion opportunities across Texas, including Dallas-Fort Worth, Central Texas, San Antonio and other markets throughout the state. Founded in 1997, Eggs Up Grill operates more than 100 locations nationwide with more than 90 additional units in development or committed to open.
Houston — Houston-based women’s clothing and accessories retailer Francesca’s, has voluntarily filed for Chapter 11 bankruptcy protection in the District of New Jersey. This filing marks the second time in six years that the retailer has sought bankruptcy protection, with plans to liquidate its inventory and close all of its approximately 400 remaining stores. Tiger Group, SB360 Capital Partners and GA Group, who are acting as advisors to Francesca’s, have commenced court-approved store closing sales across the company’s entire store fleet as part of the Chapter 11 process. Discounts will range from 25 …
New York — Newmark has arranged a $415 million loan to refinance a retail portfolio across Connecticut, Pennsylvania, New Jersey and Massachusetts. Totaling 2.4 million square feet, the portfolio comprises 13 open-air centers that are located in densely populated infill markets. Twelve of the properties are anchored by grocery tenants. Jordan Roeschlaub, Nick Scribani, John Caraviello and Dan Axelson and Adam Doneger of Newmark secured the financing through HPS Investment Partners on behalf of a separate managed account for the borrowers, DRA Advisors and KPR Centers.
Linden, N.J. — NAI DiLeo-Bram & Co. (NAIDB) has negotiated the $4.5 million sale of a single-tenant retail property located in the northern New Jersey community of Linden. The 3,650-square-foot gas station and convenience store was formerly occupied by Speedway. Jennifer Harrison of NAIDB represented the buyer, Rona 22 LLC, which is doing business as Fuel One. Glenn Beyer of Newmark and Justin Glenn of Excess Space represented the seller, Speedway LLC, in the transaction. Fuel One plans to continue operating the location as a fuel and convenience center and expects …
Monroe, N.C. — Legacy Realty Group Advisors has brokered the sale of Sunset Plaza, a 58,477-square-foot shopping center located in Monroe, approximately 30 miles southeast of Charlotte. Food Lion anchors the property, which features a mix of additional tenants including Family Dollar, Monster Mini Golf and Monroe Family Pharmacy. Built in 1976 and renovated in 2023, Sunset Plaza sits on nearly 5 acres. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller in the transaction.
Bellevue, Wash. — The operator of Eddie Bauer stores has entered into a voluntary Restructuring Support Agreement (RSA) and has commenced chapter 11 proceedings in the U.S. Bankruptcy Court of the District of New Jersey. The bankruptcy filing for the company involves the entity managing physical stores — Catalyst Brands — not the brand itself, which is owned by Authentic Brands Group and SPARC Group. Eddie Bauer retail and outlet stores in the United States and Canada will remain open and continue serving customers as the company begins its process of closing …
Stamford, Conn. — CBRE has negotiated the sale of a 153,416-square-foot shopping center located in the southern coastal Connecticut city of Stamford. Whole Foods Market and Saks OFF Fifth anchor the center at 110 High Ridge Road, which is a redevelopment of a former Lord & Taylor department store into a multi-tenant center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, HBS Global Properties, in the transaction. The trio also procured the buyer, an entity doing business as 110 High Ridge Road LLC.
Omaha, Neb. — Investors Realty Inc. has arranged the $9 million sale of Brentwood Square Shopping Center, a 224,187-square-foot retail center located in Omaha. An entity doing business as Brentwood Square Plaza LLC sold the property to Brentwood I Acquisition LLC. Ember Grummons and Tim Kerrigan of Investors Realty represented the seller. The transaction also included an 89,359-square-foot land lease. Harbor Freight anchors the property, which includes a mix of additional tenants such as Planet Fitness, Thrift World and Dollar Tree.
Greenville, S.C. — Colliers has negotiated the sale of Crosspointe Plaza, a 124,375-square-foot regional shopping center located in Greenville. Scott Israel of Colliers’ Atlanta Retail Investment Sales team represented the seller, Ziff Real Estate Partners, in the transaction. RCG Ventures was the buyer. Tenants at the center include T.J. Maxx, Dollar Tree, DSW, 810 Billiards and Up 2 Us Furniture. Built in 1990, Crosspointe Plaza is situated on roughly 10.4 acres, according to Loop Net.
Pennsylvania — Marcus & Millichap has brokered the sale of a portfolio of 10 Dollar General stores in Pennsylvania. The addresses were not disclosed, but the stores are all new construction and operate under 15-year, triple-net leases. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the deal. The seller was a developer, and the buyer was an institutional investment firm. “This marks our fourth Dollar General portfolio closing in the past 12 months, with investor demand remaining strong across both private and …