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Bowery-Park
Investment salesMixed-useNewsTexas

JLL Brokers Sale of 65,477-Square-Foot Mixed-Use Property in Suburban Dallas

by Katie Sloan

Highland Village, Texas — JLL Capital Markets has brokered the sale of Bowery Park, a 65,477-square-foot mixed-use property located in the Dallas suburb of Highland Village. Developed in 2018, the center was home to retail and office tenants including Massage Life Center, Baskin Robbins, Sip Stir Coffee House, Good Morning Donuts, Platinum Dermatology, Providence Title, Rhi and Co., Awesome Times, Preferred Pediatrics, CryoNation, Be Legend Gaming and Liquor Land at the time of sale. Adam Howells, Ryan Shore and Matthew Barge of JLL represented the seller, Boulder Peak Capital LLC, in …

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SanTan-Gateway-South-Chandler-AZ
ArizonaGrocery-anchoredInvestment salesNews

Phoenix Commercial Advisors Negotiates $16.7 Million Sale of Retail Center in Suburban Phoenix

by Katie Sloan

Chandler, Ariz. — Phoenix Commercial Advisors has negotiated the $16.7 million sale of SanTan Gateway South, a grocery-anchored shopping center located in the Phoenix suburb of Chandler. Situated on 6.8 acres at the intersection of Arizona Avenue and Loop 202 Freeway, the 56,852-square-foot property was 100 percent leased at the time of sale. Tenants include Starbucks Coffee, Patel Brothers, Bright Now! Dental and Orthodontics, and Bethel Church. John Schweikert, Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the transaction. 

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Investment salesMixed-useNewsTexas

Venture Investment Partners Buys 83,256-Square-Foot Office, Retail Property Outside Dallas

by Katie Sloan

Richardson, Texas — Venture Investment Partners has purchased The Shire at CityLine, an 83,256-square-foot office and retail property located in the northeastern Dallas suburb of Richardson. The property was built on 6.2 acres between 2005 and 2006 and was 85 percent leased at the time of sale. Tenants include Sweeney Eye Associates, Dogtopia, Shire Pediatrics, North Texas Dermatology, Anaya’s Seafood, Republic Title, Modern Dental, Ameriprise, Re/Max and Gillespie’s Tavern. Adam Howells, Barry Brown, Jack Copher and Beth Copeland of JLL represented the seller, Standridge Cos., in the transaction.

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Investment salesNewsOhio

Cooper Commercial Arranges $3 Million Sale of Retail Center in Suburban Cleveland

by Katie Sloan

Cleveland, Ohio — The Cooper Commercial Investment Group has arranged the $3 million sale of a fully occupied retail center in suburban Cleveland. Further details on the property were undisclosed. Dan Cooper of Cooper Commercial represented the seller, a private Ohio-based investment group, in the disposition of the property to an undisclosed private investment group based in the Midwest. 

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Macy's Toys "R" Us
Company newsNew YorkNews

Toys “R” Us to Open In-Store Shops at Macy’s Locations Across the US

by Katie Sloan

New York City — Macy’s has announced a partnership with WHP Global to open Toys “R” Us in-store shops within all of its locations across the U.S. Toys “R” Us stores will range from 1,000 to 10,000 square feet and are set to open from late July through October 15.  Each location will feature colorful fixtures, demonstration tables for customers to interact with toys, and a “Geoffrey on a Bench” photo opportunity for families. The in-store shops may also grow by an additional 500 to 3,000 square feet during the …

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Maple-Park-Place
IllinoisInvestment salesNews

First National Realty Acquires 212,000-Square-Foot Retail Center in Suburban Chicago

by Katie Sloan

Bolingbrook, Ill. — First National Realty Partners has acquired Maple Park Place, a 212,000-square-foot retail center located roughly 33 miles west of downtown Chicago in Bolingbrook. Rick Drogosz of Mid-America Real Estate Corp. represented the undisclosed seller in the transaction. The property is anchored by a 23,000-square-foot Aldi grocery store, as well as a 44,000-square-foot Burlington and a 32,000-square-foot Best Buy. Additional tenants at the time of sale included Advanced Auto Parts, Dollar Tree, Meineke, Benjamin Moore and X-Sport Fitness.

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DevelopmentLeasingNew YorkNews

Marx Realty to Break Ground on 6,000-Square-Foot Chick-fil-A in Brooklyn’s Midwood Neighborhood

by Katie Sloan

New York City — Marx Realty is set to break ground on a 6,000-square-foot Chick-fil-A restaurant in the New York City borough of Brooklyn. The location will be developed on a site formerly home to a three-story office building at 157 Flatbush Ave. in the borough’s Midwood neighborhood. Chick-fil-A will occupy the property under a 20-year lease upon completion. The restaurant will be Chick-fil-A’s first ground-up, stand-alone location in New York City. Henry Henderson and Michael Friedman of Inline Realty represented Marx Realty and Jeremy Ezra of Newmark represented Chick-fil-A …

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Humblewood-Shopping-Center
Investment salesNewsTexas

JLL Arranges Sale of 163,897-Square-Foot Power Center in Metro Houston

by Katie Sloan

Humble, Texas — JLL has arranged the sale of Humblewood Shopping Center, a 163,897-square-foot power center located in the Houston-area community of Humble. Chris Gerard, Ryan West and Erin Lazarus of JLL represented the seller, Forge Capital Partners, in the disposition of the property to JBL Asset Management for an undisclosed price. Conn’s and Petco anchor the center, which was home to tenants including Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express at …

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Centerplace of Greeley
ColoradoInvestment salesNews

IPA Brokers Sale of Grocery-Anchored Shopping Center in Northern Colorado

by Katie Sloan

Greeley, Colo. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Centerplace of Greeley. The 152,000-square-foot shopping center is located in the Northern Colorado community of Greeley. Safeway anchors the property, which was occupied by Ross Dress for Less, Famous Footwear, Buckle, Bath & Body Works, Cold Stone Creamery, Bank of America, Sally Beauty, Tokyo Joe’s and Heartland Dental at the time of sale. Ryan Bowlby and Drew Isaac of IPA represented the seller, InvenTrust Properties, and procured the buyer, Slate Grocery REIT, …

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The Commons of Clearview City
DevelopmentLouisianaNews

Richards Family Begins Construction on Retail Center at Clearview City Center in Metro New Orleans

by Katie Sloan

Metairie, La. — The Richards family has begun construction of The Commons of Clearview City Center, a new 10,476-square-foot retail project in the New Orleans suburb of Metairie. The property will be situated within the 100-acre Clearview City Center, which is a redevelopment of the former Clearview Mall. Set to come on line in March 2023, The Commons will house a 4,000-square-foot restaurant occupied by brunch eatery Ruby Slipper, as well as other concepts that have not yet been announced. The project includes the demolition of the existing structure at 4236 …

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