Pittsburgh — Whole Foods Market has opened a 54,667-square-foot store at 5700 Penn Ave. in Pittsburgh’s East Liberty neighborhood. The store will feature full-service meat and seafood counters, an artisanal cheesemaking department, coffee bar, prepared foods section and a selection of more than 250 craft beers and 700 wines. The store, which is a relocation of a market at 5880 Centre Ave. that served the community for more than 20 years, officially opened on Wednesday, Aug. 10.
East Peoria, Ill. — Cullinan Properties has hired Ann Smith as senior vice president and director of leasing and marketing. In her new role, Smith will direct all aspects of the East Peoria, Illinois-based company’s leasing and marketing, including lease negotiations, portfolio merchandising, tenant relationships, marketing efforts and corporate branding strategy. Prior to joining Cullinan, Smith spent 18 years in various leasing and tenant coordination roles at Retail Properties of America (RPAI) and Kite Property Group. “We’re excited for Ann to join Cullinan Properties as she brings unmatched leasing experience and …
Minot, N.D. — Kraus-Anderson has completed construction of a 110,000-square-foot Scheels store at Dakota Square Mall in Minot. Designed by R.L. Engrebretson Architecture, the $20.6 million project involved the remodeling of an 85,000-square-foot former Sears store combined with a 25,000-square-foot space for a conference room, classroom and offices. The store offers a selection of sports gear, clothing and shoes. Shoppers can also enjoy Ginna’s Café, which serves soups, sandwiches and coffee, and Fuzziwig’s Candy Factory, which sells homemade fudge.
Lubbock, Texas — Independence Commercial Advisors has negotiated the sale of Poka Lambro Shopping Center, a 37,500-square-foot retail property in Lubbock. Built on 4.9 acres in 1983, the property includes outparcels that house a Wells Fargo ATM and a recently renovated Burger King. Richard Mireles of Independence Commercial Advisors represented the undisclosed seller and procured the buyer, Texas-based NetCo Investments Inc., in the transaction.
Brooklawn, N.J. — SRS Real Estate Partners has brokered the $8.8 million sale of a 1.5-acre retail property in the Southern New Jersey community of Brooklawn. The site houses a 4,950-square-foot structure that was built in 2019 and is leased to convenience store operator Wawa. Britt Raymond, Kyle Fant and Sabrina Kortlandt of SRS represented the seller, a New York-based hotelier, in the transaction. Winston Guest, also with SRS, represented the buyer, a California-based 1031 exchange investor.
Alcoa, Tenn. — SRS Real Estate Partners’ National Net Lease Group has brokered the $2.4 million ground-lease sale of an 8,354-square-foot restaurant at 1125 Franck St. in Alcoa, a suburb of Knoxville. The landowner and tenant, Texas Roadhouse Inc., sold the 2.4-acre site to an undisclosed investor based in Virginia. The newly constructed restaurant is set to open in September, and Texas Roadhouse is subject to a 15-year ground lease. Morgan Creech and Sarah Shanks of SRS’ Louisville office represented Texas Roadhouse in the transaction. Feldman Ruel Urban Property Advisors …
Southfield, Mich. — JLL Capital Markets has brokered the $45 million sale of Tel Twelve, a 193,850-square-foot retail center in Southfield. The property is located roughly 15 miles northwest of Detroit at 28400 Telegraph Road. The center was 98 percent occupied at the time of sale by tenants including Best Buy, Ulta Beauty, DSW, PetSmart, BuyBuy Baby and Michaels. Meijer and Lowe’s shadow-anchor the property, which was built in 1968 and renovated in 2005. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller, RPT Realty, and procured …
Fort Wayne, Ind. — DRA Advisors has sold Orchard Crossing, a 130,100-square-foot retail center shadow-anchored by Target in Fort Wayne. Developed in 2008 at 902 S. Thomas Road, the property was 99 percent occupied at the time of sale by tenants including Hobby Lobby, Barnes & Noble, Dollar Tree and Five Below. Amy Sands, Clinton Mitchell and Michael Nieder of JLL Capital Markets represented the seller and procured the buyer, LBX Investments, in the transaction.
New York City — IT’SUGAR has opened a 20,335-square-foot pop-up candy department store in New York City’s Times Square. The two-story location was previously occupied by Modell’s. The store is the company’s second largest pop-up to-date, featuring over 35 licensed candy brands, retro and international candies and TikTok-trending treats. The location also features a lollipop garden. Terms of the Times Square lease were not disclosed, but IT’SUGAR pop-ups tend to occupy spaces between 13 and 36 months.
Fort Walton Beach, Fla. — Stan Johnson Co. has arranged the $8.4 million sale of Beal Commons, a 15,982-square-foot retail center located at 575 Beal Parkway NW in Fort Walton Beach. Chase Dominguez of Stan Johnson represented the seller, an undisclosed local developer, in the disposition of the property to an individual investor based in Arizona. Both parties were involved in 1031 exchanges. The center was built in 2006 and renovated in 2019. Tenants at the time of sale included Starbucks Coffee, FedEx Office, Verizon and Ruby Tuesday.