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The Hive
FloridaInvestment salesNews

Tricera Capital Sells Two Retail Buildings in South Florida for $18.3 Million

by Julia Sanders

Fort Lauderdale, Fla. — Tricera Capital has sold The Hive and Flagler Uptown retail buildings in Fort Lauderdale’s Flagler Village for $18.3 million. The buyer was not disclosed. Located at 900-924 N. Flagler Drive and 723-737 NE Second Ave., The Hive and Flagler Uptown have a combined 32,000 square feet of rentable space occupied at the time of sale by tenants including Batch, the Cookie Co., Chick’nCone, Glitch Bar, Heritage Restaurant, JB&C (Juice Bar and Café), Montce Swim and Wells Coffee Co.

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Monterey Crossing
CaliforniaInvestment salesNews

Hanley Investment Group Arranges Sale of Three Retail Pad Properties Near Joshua Tree

by Julia Sanders

Palm Desert, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of three retail pad properties at Monterey Crossing shopping center in Palm Desert, roughly 35 miles outside Joshua Tree. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Fountainhead Development, in all three transactions. Located at the Interstate 10 and Monterey Avenue interchange, the three properties sold for a combined $15.7 million. The first transaction included the $7.2 million sale of a 4,738-square-foot Chick-fil-A with a double-lane drive-thru that is scheduled to open …

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Investment salesMassachusettsNews

Marcus & Millichap Brokers $13.4 Million Sale of Shopping Center in Coastal Massachusetts

by Julia Sanders

Gloucester, Mass. — Marcus & Millichap has brokered the $13.4 million sale of Cape Ann Marketplace, a 102,977-square-foot shopping center in the coastal Massachusetts city of Gloucester. Shaw’s serves as the center’s anchor tenant. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller and sourced the buyer, both of which requested anonymity, in the transaction.

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FinanceNewsTexas

Northmarq Arranges $11.5 Million Acquisition Loan for Metro Dallas Shopping Center

by Julia Sanders

Garland, Texas — Northmarq has arranged an $11.5 million acquisition loan for North Garland Crossing, a 75,811-square-foot shopping center in the northeastern Dallas suburb of Garland. Shadow-anchored by a Super Target, the center was built in 2004 and houses tenants such as Michaels, PetSmart, AT&T and Starbucks Coffee. David Garfinkel and Ron Reese of Northmarq arranged the debt on behalf of the buyer, Bianco Properties. Mutual of Omaha provided the loan.

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CaliforniaCompany newsNewsNorth Carolina

Petco to Launch New In-Store Concept at Select Lowe’s Stores in Sun Belt

by Julia Sanders

Mooresville, N.C. and San Diego — Lowe’s and Petco Health and Wellness Co. Inc. have announced plans to open a new in-store concept that will offer both home and pet products within select Lowe’s locations. The first Lowe’s + Petco store-in-store concept is slated to open at the Lowe’s Alamo Ranch store in San Antonio at the beginning of February. The companies plan to expand to 14 additional Lowe’s locations in Texas, North Carolina and South Carolina by the end of March. The purpose of the Lowe’s + Petco locations …

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Saugus Plaza
Investment salesMassachusettsNews

JLL Negotiates $39.5 Million Sale of Grocery-Anchored Shopping Center in Metro Boston

by Julia Sanders

Saugus, Mass. — JLL has negotiated the $39.5 million sale of Saugus Plaza, a 165,800-square-foot shopping center in Saugus, roughly 11 miles north of Boston. The center was 97 percent leased at the time of sale to tenants including anchors Stop & Shop and Floor & Décor, Buffalo Wild Wings, North Shore Liquor and King Crab. Federal Realty Investment Trust sold the property to a partnership between The Grossman Cos. Inc. and North Colony Asset Management. Nat Heald, Chris Angelone and Zach Nitsche of JLL brokered the deal.

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CocoWalk
FloridaLeasingNews

Four Tenants to Open at CocoWalk in Miami’s Coconut Grove Neighborhood

by Julia Sanders

Miami — Four new dining concepts and retailers are set to open at CocoWalk, a 150,000-square-foot mixed-use project in Miami’s Coconut Grove district. The development’s ownership group includes Federal Realty Investment Trust, The Comras Co. and Grass River Property. New openings will include The Key Club restaurant; an unnamed restaurant by Ariete Hospitality Group; an 8,253-square-foot Narbona Natural Food & Farm Market; and Cinépolis. Existing tenants at the property include Planta Queen, Mister 01 Extraordinary Pizza, Sweetgreen, Salt & Straw, Bluemercury, Edward Beiner, The Spot Barbershop and School of Rock. …

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Peachtree Battle Shopping Center
GeorgiaLeasingNews

Two Restaurants to Open at Peachtree Battle Shopping Center in Atlanta’s Buckhead District

by Julia Sanders

Atlanta — Branch Properties has signed leases for two new tenants to join Peachtree Battle Shopping Center, a 168,000-square-foot, grocery-anchored center in the Buckhead neighborhood of Atlanta. Roshambo, a new concept from local restaurant group Unsukay, is set to open in a 4,000-square-foot space this summer; and Mediterranean fast-casual restaurant Cava will open in a 2,300-square-foot space this month. Located off Peachtree Road, Peachtree Battle Shopping Center features over 50 tenants, including a 32,836-square-foot Publix, Walgreens, Ace Hardware and Baskin-Robbins.

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IllinoisLeasingNews

Star Cinema Grill to Open at Arboretum of South Barrington in Suburban Chicago

by Julia Sanders

South Barrington, Ill. — Star Cinema Grill has signed a 15-year lease to open a 38,000-square-foot location at The Arboretum of South Barrington in the northwest Chicago suburb of South Barrington. Star Cinema Grill is opening in a space previously occupied by IPIC Theaters. Slated to open this spring, the movie theater will offer an extensive menu and full-service bar. Mike Zucker, managing partner of Peak Properties LLC, was named receiver of the 480,000-square-foot shopping center in late 2020. Madeline Wheeler of JLL represented Peak, while Kristen Barker of Wulfe …

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Mid America
Investment salesNewsWisconsin

Mid-America Negotiates $9.3 Million Sale of Retail Center in Metro Milwaukee

by Julia Sanders

Greenfield, Wis. — Mid-America Real Estate Group has negotiated the $9.3 million sale of 84South Small Shops in Greenfield, a southern suburb of Milwaukee. Built in 2018, the 17,805-square-foot retail center is located along Layton Avenue. Tenants at the time of sale included Men’s Hair House, Hand & Stone Massage and Facial Spa, MOD Pizza, FedEx Office and Café Zupas. Dan Rosenfeld of Mid-America Real Estate Wisconsin LLC represented the seller, Cobalt Partners. E&K Land LLC was the buyer.

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