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LeasingNewsTexas

Baker Katz Arranges Three Pet Supplies Plus Leases Totaling 19,050 Square Feet in Metro Houston

by Hayden Spiess

Conroe, Cypress and Katy, Texas — Baker Katz has arranged three Pet Supplies Plus leases totaling 19,050 square feet in metro Houston. The pet care brand will occupy 6,000 square feet in in Conroe, Texas, beginning in the fourth quarter of this year. Additionally, Pet Supplies Plus will open a 5,550-square-foot space in Cypress and a 7,500-square-foot space in North Katy in the second quarter of next year. Brett Levinson of Main Street Commercial Partners represented the landlords in the Conroe and Katy leasing negotiations. Brad Kilbride of Retail Leasing represented …

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4400-S-Western-Ave_Oklahoma-City
DevelopmentInvestment salesNewsOklahoma

Colliers Arranges Sale of 161,190-Square-Foot Former Sears Property in Oklahoma City

by Hayden Spiess

Oklahoma City — Colliers has arranged the sale of a 161,190-square-foot former Sears property located in Oklahoma City. Michael Brewster and Drew Quinn of Colliers represented the undisclosed seller. Brad Peterson, El Warner and Charley Simpson of Colliers were also involved in the transaction. LSC Development acquired the property at auction for an undisclosed price, with plans for an adaptive reuse project including retail outlots and a self-storage facility. 

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Company newsFinanceNew YorkNews

A&G Taking Offers on 49 David’s Bridal Leases

by Hayden Spiess

Melville, N.Y. — A&G Real Estate Partners is entertaining offers on 49 David’s Bridal leases throughout the country in its capacity as real estate advisor to the brand, which filed for Chapter 11 bankruptcy in April of this year. The stores range in size from roughly 5,000 to 15,000 square feet. Transactions must be presented for bankruptcy court approval by June 30. A&G additionally plans to hold an auction in July of a select group of David’s Bridal leases. “Second-generation space is in strong demand nationally for a variety of reasons …

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Retail-Portfolio_Fairfield-Ohio
FinanceNewsOhio

Northmarq Secures $6.1 Million Refinancing for Retail Portfolio in Metro Cincinnati

by Hayden Spiess

Fairfield, Ohio — Northmarq has secured a $6.1 million loan for the refinancing of a four-building retail portfolio in Fairfield, roughly 25 miles north of Cincinnati. The portfolio, which totals 62,720 square feet across two shopping centers, was 99 percent leased at the time of financing. Built in 1987, Diplomat Village consists of three buildings totaling 50,650 square feet. Kemper Ponds Plaza, built in 2005, totals 12,070 square feet. Noah Juran of Northmarq arranged the fixed-rate, three-year loan with a local bank on behalf of the undisclosed borrower.

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Investment salesNew JerseyNews

Marcus & Millichap Arranges Sale of 21,080-Square-Foot Retail Property in North Brunswick, New Jersey

by Hayden Spiess

North Brunswick, N.J. — Marcus & Millichap has arranged the $4.4 million sale of Church Lane Plaza, a 21,080-square-foot retail property in North Brunswick, about 40 miles southwest of Manhattan. Built on 2.9 acres in 1991, Church Lane Plaza was 90 percent leased at the time of sale to tenants including Bagel Fresh, Brunswick US Cleaners, Karate School, F45 Fitness and Thai Lotus. Brent Hyldahl and Alan Cafiero of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a New Jersey-based limited liability company, in the transaction.

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Wendy's_Chicago
IllinoisInvestment salesNet leaseNewsRestaurants

SRS Brokers $3 Million Sale of Wendy’s-Occupied Property in Chicago

by Hayden Spiess

Chicago — SRS Real Estate Partners has brokered the $3 million sale of a single-tenant retail property located in Chicago. Wendy’s occupies the 4,031-square-foot building, which was built in 1983 and renovated in 2022, on a net-lease basis. Sean Lutz and Dan Elliot of SRS represented the seller, a California-based private investor, in the transaction. Bruce Lee and Hope Kim of New Star Realty represented the buyer, also a California-based private investor. 

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Legacy-Place-Dedham-Mass
FinanceGrocery-anchoredMassachusettsNews

JLL Secures $190 Million Refinancing for Shopping Center in Boston Suburb

by Hayden Spiess

Dedham, Mass. — JLL Capital Markets has secured a $190 million loan for the refinancing of Legacy Place, a 675,000-square-foot shopping center located in the Boston suburb of Dedham. Whole Foods, Apple, L.L. Bean and Showcase Cinemas anchor the property. Other tenants at the center include Nike, Athleta, Industrious, Shake Shack, Lululemon, Sephora, Sweetgreen and Yard House. Brett Paulsrud, Henry Schaffer, Hugh Doherty, Chris Angelone and Zach Nitsche of JLL arranged the financing through a two-bank syndicate on behalf of the borrowers, WS Development and Nuveen Real Estate. 

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Deer-Run-Village-Midlothian-Va
Grocery-anchoredInvestment salesNewsVirginia

Cushman & Wakefield Brokers Sale of 56,900-Square-Foot Shopping Center in Metro Richmond

by Hayden Spiess

Midlothian, Va. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the $4.9 million sale of Deer Run Village, a 56,900-square-foot shopping center located in Midlothian, roughly 15 miles outside Richmond. Food Lion anchors the property, which was fully leased at the time of sale. Catharine Spangler and Danielle Beckstoffer of Thalhimer represented the undisclosed seller. 

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Mission-Promenade-Oceanside-Calif
CaliforniaFinanceGrocery-anchoredNews

Milan Capital Management Receives $12.1 Million Refinancing for Mission Promenade in Metro San Diego

by Hayden Spiess

Oceanside, Calif. — Milan Capital Management has received a $12.1 million loan for the refinancing of Mission Promenade, a 105,700-square-foot retail center located in Oceanside, approximately 40 miles northwest of San Diego. Built in 1972 and renovated in 1999, the property was 97 percent leased at the time of financing, to tenants including El Super and dd’s Discounts. Jeff Sause and John Chun arranged the 10-year loan through a regional bank on behalf of the borrower. 

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Investment salesNewsTexas

Cypressbrook Arranges Sale of 25,441-Square-Foot Shopping Center in Houston

by Hayden Spiess

Houston — Locally based brokerage firm Cypressbrook Co. has arranged the sale of Richmond Design Center, a 25,441-square-foot shopping center in Houston. According to LoopNet Inc., the property was built on 1.6 acres in 1958 and renovated in 2003. John Hornbuckle of Cypressbrook Co. and Rick Hazard of Realty Services Group represented the seller, America Equifinance Corp., in the transaction. Joe Foty of The Blue Ox Group represented the buyer, HRD Interests.

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