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Eden-Prairie
LeasingMinnesotaNewsRestaurants

Three Restaurants Totaling 9,056 Square Feet to Open at Eden Prairie Center in Metro Minneapolis

by Katie Sloan

Eden Prairie, Minn. — Three new restaurant concepts will open at Eden Prairie Center, a 1.4 million-square-foot retail center located in the southwest Minneapolis suburb of Eden Prairie. Gyu Mai Japanese BBQ and Ichiddo Ramen will open within a dual-concept space comprising 7,996 square feet, with both concepts scheduled to open in December of this year. Starting in July, Where’s The Flour?, a gluten-free fast-casual restaurant, will lease 808 square feet within the development’s food court. Additionally, Café Viola will open a coffee kiosk and occupy 252 square feet, beginning …

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CaliforniaLeasingNews

NAI Arranges Three Total by Verizon Leases Totaling 6,049 Square Feet in Metro Los Angeles

by Katie Sloan

Inglewood, Calif. and Los Angeles — NAI Capital Commercial has arranged three Total by Verizon leases totaling 6,049 square feet. Tina LaMonica and Patrick Ortiz of NAI represented the landlords in the leasing negotiations. In Los Angeles, Total by Verizon will open a 2,234-square-foot store within a space formerly occupied by AT&T and a 2,000-square-foot store at Martin Luther King Jr. Shopping Center. Additionally, the tenant will occupy a 1,815-square-foot space in Inglewood, roughly 12 miles outside Los Angeles.

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Daybreak
FloridaInvestment salesNews

JRW Realty Arranges $9.9 Million Sale of Daybreak Market and Fuel in Pace, Florida

by Hayden Spiess

Pace, Fla. — JRW Realty has arranged the $9.9 million sale of a Daybreak Market and Fuel located in Pace. The property totals 8,643 square feet. Leanna Tatikian of JRW represented the undisclosed buyer in the transaction. Justin Zahn of Commercial Investment Advisors represented the undisclosed seller in affiliation with Bang Realty-Naples Inc. 

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GeorgiaInvestment salesNews

Dowd Cos. Arranges $16.3 Million Sale of Horizon Village Shopping Center in Metro Atlanta

by Hayden Spiess

Suwanee, Ga. — The Dowd Cos. has arranged the $16.3 million sale of Horizon Village Shopping Center, a 97,000-square-foot shopping center located in Suwanee, approximately 33 miles northeast of Atlanta. Movie Tavern and YouFit Health Clubs anchor the property, which was built in 1996, according to LoopNet Inc. John Dowd and Theresa Johnson of The Dowd Cos. represented the undisclosed seller in the transaction. 

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Churton-Grove-Center_Hillsborough-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Brokers $8.3 Million Sale of Retail Center in Hillsborough, North Carolina

by Hayden Spiess

Hillsborough, N.C. — Legacy Realty Group Advisors has brokered the $8.3 million sale of Churton Grove Center, a 64,136-square-foot retail center located in Hillsborough, roughly 15 miles northwest of Durham. Food Lion anchors the property. Jacob Baruch and Jonah Warshaw of Legacy arranged the transaction with Will Choate of New South Properties and Arthur Whedon of Investment Properties of the Carolinas. 

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DevelopmentNewsTexas

Vista Cos. Breaks Ground on 8,400-Square-Foot Retail Project in Sugar Land, Texas

by Hayden Spiess

Sugar Land, Texas — Vista Cos. has broken ground on Vista Sugar Land III, an 8,400-square-foot retail project that will be located on the city’s southwestern outskirts. The center is 83 percent pre-leased. United Constructors is the general contractor for the project, which is scheduled for completion in the fourth quarter of this year. Stellar Bank provided construction financing.

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Landing-at-Hyannis_Hyannis-Mass
DevelopmentGrocery-anchoredMassachusettsNews

WS Development Underway on Redevelopment of 26-Acre Capetown Plaza in Hyannis, Massachusetts

by Hayden Spiess

Hyannis, Mass. — WS Development has announced plans for the multi-phase redevelopment of Capetown Plaza, a 26-acre retail center located in Hyannis. Renovations at the property, which was originally constructed in 1968 and will be rebranded as The Landing at Hyannis, will include façade upgrades of the main building, remodeling of interior spaces, the addition of a public green with seating and improvements to lighting, paving, landscaping. The Cape Cod Times reports that a Whole Foods Market will anchor the redeveloped property alongside a new mix of retailers and restaurants. WS Development was …

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Lakeland-Plaza_Sprouts_Cumming
GeorgiaGrocery-anchoredInvestment salesNews

Octave Purchases 301,711-Square-Foot Shopping Center in Atlanta Suburb

by Hayden Spiess

Cumming, Ga. — Octave Holdings and Investments has purchased Lakeland Plaza, a 301,711-square-foot shopping center in Cumming, a northern suburb of Atlanta, for an undisclosed price. Built in 1990 and renovated in 2015, Lakeland Plaza was 94 percent leased at the time of sale to tenants including Sprouts Farmers Market, Belk, Bealls Outlet, LA Fitness, Joann Fabric and Crafts and Shoe Gallery. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the undisclosed sellers in the transaction.

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Bristol-Place_Santa-Ana-Calif
CaliforniaInvestment salesNews

Hanley Brokers $36.5 Million Sale of Bristol Place in Southern California

by Hayden Spiess

Santa Ana, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $36.5 million sale of Bristol Place, a 61,454-square-foot retail center located in Santa Ana. Built in 1968, the property was renovated in 2019 and was 89 percent occupied at the time of sale. Matt Burnett, Kevin Fryman and Ed Hanley of Hanley represented the seller, a joint venture between an affiliate of Cadence Capital Investments and Oakwood Real Estate Partners. Ron Duong of Marcus & Millichap represented the buyer, a California-based private investor. 

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