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Dave & Busters
DevelopmentNewsTexas

Dave & Buster’s Agrees to Acquire Entertainment Concept Main Event for $835 Million

by Julia Sanders

Dallas and Coppell, Texas — Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) has agreed to acquire family entertainment concept Main Event for $835 million in an all-cash transaction. The seller is a joint venture between Ardent Leisure Group Limited and Red Bird Capital Partners, and the deal is expected to close later this year. Chris Morris, current CEO of Main Event, will act as CEO of the combined entity upon closing. The purchase price represents a valuation of approximately nine times Main Event’s 12-month adjusted earnings before interest, taxes, depreciation …

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Towne South
IndianaInvestment salesNews

Sansone Group Sells 163,000-Square-Foot Shopping Center in Southern Indiana

by Julia Sanders

Terre Haute, Ind. — Sansone Group has sold Towne South Plaza, a 163,000-square-foot shopping center in the western Indiana city of Terre Haute. The property recently underwent a major roof renovation and is home to tenants including Ross Dress for Less, TJ Maxx, Dollar Tree and Best Buy. Grant Mechlin of Sansone and Ben Wineman of Mid-America Real Estate Corp. secured the buyer, Wild Moose Ventures, in the transaction.

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DevelopmentGeorgiaNews

Eden Rock, Connolly Break Ground on 90,000-Square-Foot Kroger in Metro Atlanta

by Julia Sanders

Marietta, Ga. — Eden Rock Real Estate Partners and Connolly have broken ground on a 90,000-square-foot building to be occupied by Kroger at MarketPlace Terrell Mill, a $120 million mixed-use project at the intersection of Terrell Mill and Powers Ferry roads in Marietta. Planned features for the building, which is scheduled for completion in April 2023, include a drive-thru pharmacy, dedicated area for online order pickups and an 18-pump Kroger Fuel Center. The new store will replace an existing Kroger situated on Delk and Powers Ferry roads less than a …

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Villages
FinanceFloridaNews

Marcus & Millichap Arranges $6.8 Million Acquisition Financing for Retail Property in Panama City Beach, Florida

by Julia Sanders

Panama City Beach, Fla. — Marcus & Millichap Capital Corp. has arranged $6.8 million in acquisition financing for Villages of Grand Panama, a 48,000-square-foot retail property located at 1105 Hutchinson Blvd. in Panama City Beach. Garrett Fierstein of Marcus & Millichap secured the 10-year, fixed-rate loan, which features a 70 percent loan-to-value ratio and an interest rate of 3.95 percent. The 19-tenant property sits on 5.1 acres of land and is occupied by an array of tenants including medical, real estate and professional services uses, as well as two restaurants.

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Investment salesNew HampshireNews

Atlantic Capital Partners Negotiates Sale of 39,750-Square-Foot Shopping Center in Southern New Hampshire

by Julia Sanders

Nashua, N.H. — Atlantic Capital Partners has negotiated the sale of 270 Amherst Street, a 39,750-square-foot shopping center located near the Massachusetts-New Hampshire border in Nashua. Anchored by German discount grocer Aldi, the property was 86 percent leased at the time of sale. Justin Smith, Sam Koonce and Molly Lynch of Atlantic Capital Partners represented the seller, Saxon Partners, and procured the buyer, Linear Retail, in the transaction.

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FanDuel
DevelopmentIllinoisNews

McHugh Construction Breaks Ground on FanDuel Sportsbook at Chicago’s United Center

by Julia Sanders

Chicago — McHugh Construction has broken ground on FanDuel Sportsbook, a new 13,000-square-foot sports betting venue being developed by online gaming company FanDuel Group at the United Center in Chicago. The United Center is the home of the Chicago Bulls and Chicago Blackhawks. Completion is slated for August. The two-story lounge is being constructed in areas that formerly housed offices for the United Center and Blackhawks staff as well as two lower-level suites. HOK is the architect for the project, which will feature state-of-the-art viewing and sports wagering technology. The …

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Investment salesMarylandNews

Rappaport Acquires 433,720-Square-Foot Shopping Center in Northern Maryland

by Julia Sanders

Bel Air, Md. — A joint venture affiliated with Rappaport has acquired Festival at Bel Air, a 433,720-square-foot shopping center in the Harford County community of Bel Air. The shopping center was 94 percent occupied at the time of sale by 60 retailers, including anchors Klein’s ShopRite, Kohl’s, Burlington, Marshalls, Petco and The Tile Shop.

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Del Mar
CaliforniaInvestment salesMarylandNews

First Washington Realty Acquires Donahue Schriber Realty Group

by Julia Sanders

Bethesda, Md. and Costa Mesa, Calif. — Bethesda-based retail real estate owner First Washington Realty (FWR) has purchased Donahue Schriber Realty Group Inc., a shopping center owner based in Costa Mesa. An affiliate of FWR acquired the private retail REIT and its portfolio of grocery-anchored, open-air centers from institutional investors advised by J.P. Morgan Global Alternatives. The transaction adds 47 shopping centers, as well as one DSRG-owned office property, for a combined 6 million square feet to FWR’s holdings. The sales price was not disclosed, but Bloomberg reported in February that …

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Gold Gym Plaza
Investment salesNewsVirginia

Cushman & Wakefield | Thalhimer Arranges $13 Million Sale of Gold’s Gym Plaza in Richmond, Virginia

by Julia Sanders

Richmond, Va. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the $13 million sale of Gold’s Gym Plaza in Richmond to Seminole Trail Annex LLC. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the sellers, West Tower LLC and SugarOak Investments. Located at 8900 West Broad St., the property includes 124,275 square feet of retail throughout five buildings. The center was fully leased at the time of sale and is co-anchored by Gold’s Gym and Regal Cinemas. The 44,000-square-foot box anchored by Regal Cinemas and an …

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Abercorn Walk
GeorgiaInvestment salesNews

JLL Arranges Sale of 69,396-Square-Foot Abercorn Walk Shopping Center in Savannah

by Julia Sanders

Savannah, Ga. — JLL Capital Markets has arranged the sale of Abercorn Walk, a 69,396-square-foot retail center in Savannah. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the undisclosed seller in the disposition of the property to GBT Realty Corp. Abercorn Walk is anchored by The Fresh Market. Other tenants at the property include Ethan Allen, Soma Intimates, White House Black Market, Chico’s, Nadeau, Jos. A. Bank, J. Jill, Talbots, StretchLab and Cycle Bar.

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