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Department of Wonder
LeasingNewsTexas

Department of Wonder to Open 10,000-Square-Foot Entertainment Venue in Metro Houston

by Julia Sanders

Sugar Land, Texas — Department of Wonder, an entertainment concept that combines interactive theater with puzzle-solving and immersive technology, will open a 10,000-square-foot venue at Sugar Land Town Square on the southwestern outskirts of Houston. The opening of the flagship venue is slated for early 2022. Department of Wonder was created by a team of storytellers, technologists, designers and producers with decades of collective experience producing novel forms of digital and interactive entertainment.

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Westside Paper
DevelopmentGeorgiaLeasingNews

Four Restaurants to Open at Westside Paper Project in Atlanta’s West Midtown

by Julia Sanders

Atlanta — Four restaurants are set to open at mixed-use project Westside Paper during the second quarter of 2022 in Atlanta’s West Midtown. The four restaurant tenants include Pancake Social, Glide Pizza, Girl Diver and Boxcar Betty’s. A joint venture between Third & Urban and FCP is developing the project, which is a 245,000-square-foot adaptive reuse of a former 1950s-era warehouse facility. Bridger Properties is managing leasing on behalf of the development team.

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Polestar
FloridaLeasingNews

Electric Car Retailer to Open First Florida Location in Midtown Tampa

by Julia Sanders

Tampa, Fla. — Polestar, an electric vehicle provider, will open its first Florida location at Midtown Tampa, a $500 million mixed-use district with 1.8 million square feet of retail in Tampa. Polestar will open during the second quarter of 2022 within a 2,500-square-foot space across from Sephora and behind Ponte Tampa. All sales at Polestar will be handled online. Midtown Tampa is nearly fully leased with restaurants, shops and businesses opening throughout 2022 and 2023.

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GeorgiaLeasingNews

Cotton Cos. Signs Cleaver & Cork to Join Highside Market Adaptive Reuse Project in South Georgia

by Julia Sanders

Columbus, Ga. — Cotton Cos. has signed Cleaver & Cork, a butcher and artisan market, to an 1,800-square-foot lease at Highside Market, an adaptive reuse mixed-use development in Columbus. Cleaver & Cork will offer a selection of charcuterie, meats, seafood, artisan goods and local cheeses, as well as a variety of craft beer and wine. Slated to open this summer, Highside Market will feature 20,000 square feet of restaurants, 20,000 square feet of retail, 15,000 square feet of office space, a greenspace and outdoor lounge areas. Cotton Cos. has received …

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Arcadia Fiesta
ArizonaInvestment salesNews

Allard Developments Buys Arcadia Fiesta Retail Center in Phoenix for $41.6 Million

by Julia Sanders

Phoenix — An entity formed by Allard Developments has purchased Arcadia Fiesta, a shopping center located at the southwest corner of 32nd Street and Indian School Road in Phoenix. An entity formed by a joint venture between DeRito Partners and Van Tuyl Cos. sold the asset for $41.6 million. The 154,436-square-foot center was fully leased at the time of sale. Michael Hackett and Ryan Schubert of Cushman & Wakefield represented the seller in the transaction.

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Crossroads South
GeorgiaInvestment salesNews

JLL Arranges $16.2 Million Sale of Kroger-Anchored Retail Center in Atlanta

by Julia Sanders

Atlanta — JLL Capital Markets has arranged the sale of Crossroads South, a 201,404-square-foot, Kroger-anchored retail center in Atlanta. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the undisclosed seller. First National Realty Partners acquired the property for $16.2 million. Located at 7965 Tara Blvd., the property was 92 percent leased at the time of sale to tenants including Badcock Furniture & More, Roses, Subway, H&R Block, Shoe Show and Top Nails. Kroger has plans to construct and operate a Kroger Fuel Center at the property.

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Park Place
GeorgiaInvestment salesNews

CBRE Brokers Sale of 82,097-Square-Foot Shopping Center in Atlanta’s Central Perimeter

by Julia Sanders

Atlanta — CBRE National Retail Partners has brokered the sale of Park Place, an 82,097-square-foot retail property in Atlanta’s Central Perimeter. Edens purchased the center from Coro Realty Advisors for an undisclosed amount. Chris Decoufle, Kevin Hurley and Matt Karempelis of CBRE represented the seller in the transaction. Built in 1978, the property was 92 percent occupied at the time of sale by tenants including Alon’s Bakery and Market, Fidelity Investments, Jared Galleria of Jewelry, Allen Edmonds, Expedia Travel, Balance Salon and The Brass Tap.

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Gold Hills
ColoradoInvestment salesNews

IPA Brokers Sale of Grocery-Anchored Property in Metro Colorado Springs

by Julia Sanders

Woodland Park, Colo. — Institutional Property Advisors (IPA) has brokered the $10.3 million sale of Gold Hill Shopping Center, a 47,978-square-foot multi-tenant retail center in Woodland Park, about 19 miles from Colorado Springs. The center was fully occupied at the time of sale by tenants including City Market and Wendy’s. Ryan Bowlby and Drew Isaac of IPA represented the undisclosed buyer and secured the undisclosed seller in the transaction.

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Dollar General
IllinoisInvestment salesNews

Boulder Group Brokers $5.4 Million Sale of Dollar General Portfolio Across Three States

by Julia Sanders

Wilmette, Ill. — The Boulder Group has brokered the sale of a portfolio of properties net leased to Dollar General for $5.4 million. The four single-tenant buildings are located in Battle Creek, Michigan; Bedford, Indiana; Sheffield, Illinois; and Streator, Illinois. Randy Blankstein and John Feeney of Wilmette-based Boulder represented the seller, a West Coast-based private individual, as well as the buyer, a Midwest-based institution. Each property has 10 to 12 years remaining on its lease term.

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Hunters Walk
FloridaInvestment salesNews

Marcus & Millichap Arranges $4.4 Million Sale of Retail Property in Northern Florida

by Julia Sanders

Gainesville, Fla. — Marcus & Millichap has arranged the $4.4 million sale of Hunter’s Walk, a 13,200-square-foot retail property in Gainesville. James Medefind, Jim Shiebler and James Garner of Marcus & Millichap represented the undisclosed seller. Located at 5141 NW 43rd St., the center was occupied by tenants including Cedar River Seafood, Bella Nail Salon, H&R Block, Salon Centric, KB Design & Remodel, Adam’s Rib Co., Goodwill and Yo3 Metro Frozen Yogurt at the time of sale.

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