Sharon, Mass. — Burn Boot Camp has opened in a 5,000-square-foot space at Sharon Marketplace, a 103,000-square-foot grocery-anchored retail center owned by Capital Group Properties in Sharon. The shopping center is fully leased to tenants including Shaw’s Grocery Store, Liquor World, Dunkin’, Citizens Bank, KinderCare Childcare Services, TT Nail Salon, Kumon Learning Center and Marathon Physical Therapy.
Chicago — Edie’s All Day Café & Bar has signed a lease for approximately 4,000 square feet of ground-floor space at Kingsbury Center in Chicago. Scheduled to open in spring 2022, the new location is Edie’s second in Chicago’s River North neighborhood. Edie’s will offer a café, restaurant, workspace and wine bar. Kingsbury Center is a six-story, 90,689-square-foot office building owned by an affiliate of Next Realty LLC and The Habitat Co. David Goldberg and Allan Perales of Goldstreet Partners represented Edie’s in the lease transaction.
Phoenix — JLL Capital Markets has brokered the sale of Block 23 in downtown Phoenix for $150 million. Completed in 2019, the property consists of 307,030 square feet of Class A office, retail and amenity space. Located at 101 E. Washington St., Block 23 is 95 percent occupied by tenants such as Western Alliance Bank, EY and Chase. The asset is immediately adjacent to CityScape Phoenix, a new 1.2 million-square-foot mixed-use property, and is directly across from Footprint Center where the Phoenix Suns play. Block 23 is home to Fry’s …
San Diego and Lake Forest, Calif. — Jack in the Box Inc. (NASDAQ: JACK) and Del Taco Restaurants (NASDAQ: TACO) have entered into a merger agreement valued at approximately $575 million, inclusive of existing debt. Under the terms of the agreement, Jack in the Box will acquire Del Taco for $12.51 per share in cash. The deal, which is expected to close in the first quarter of 2022, would yield a company with more than 2,800 restaurants across 25 states. In addition, the new entity plans to grow its store …
Richmond, Texas — JLL has negotiated the sale of The Shops of Bella Terra, a 271,157-square-foot regional power center in the southwestern Houston suburb of Richmond. Built in phases between 2008 and 2013, the property was 93 percent leased at the time of sale to tenants such as 24 Hour Fitness, Total Wine & More, Best Buy, Five Below, Ulta Beauty, Chick-fil-A and Whataburger. Barry Brown, Adam Howells, George Cushing, Wendy Vandeventer, Ethan Goldberg and Erin Lazarus of JLL represented the undisclosed seller in the transaction. Colby Mueck, James Brolan …
Lafayette, La. — GBT Realty Corp. has bought River Marketplace, a 168,000-square-foot shopping center located at 4313 Ambassador Caffery Parkway in Lafayette. Jim Hamilton, Ryan Shore, Ryan West, Brad Buchanan and Taylor Callaway of JLL represented the seller, RBL Real Estate, in the transaction. Developed in 2003, River Marketplace includes multi-tenant buildings and six freestanding outparcels. Shadow-anchored by Super Target, the center was 99 percent leased at the time of sale to tenants including Total Wine & More, Ross Dress for Less, Raising Cane’s and Chili’s Grill & Bar.
St. Charles, Ill. — Colliers Chicago has arranged the sale of 1st Street Development, a mixed-use development in the heart of St. Charles, about 40 miles west of Chicago. The five-building asset consists of retail, office and residential space. The properties include: The Plaza, a two-story retail and office building; Ale Building, a four-story office and retail asset; River Loft, a five-story office, retail and condo property; Sterling Building, a five-story office and condo building; and Building 7A, a three-story retail and residential asset. The property was 97 percent leased …
Hoffman Estates, Ill. — Marcus & Millichap has brokered the $8 million sale of a 61,047-square-foot retail property net leased to grocer Valli Produce in Hoffman Estates. The building is located about 30 miles northwest of Chicago at 850 N. Roselle Road. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local private investor. The Florida-based buyer completed a 1031 exchange. Brian Stulak of Marcus & Millichap Capital Corp. arranged acquisition financing on behalf of the buyer. Valli Produce recently signed a 10-year lease …
Champaign, Ill. — Quantum Real Estate Advisors Inc. has negotiated the $4.3 million sale of a 24,454-square-foot retail center in Champaign. Located at 2012-2032 N. Prospect Ave., the property is home to tenants including David’s Bridal, America’s Best Eyewear, Little Caesars Pizza and Sally Beauty. Chad Firsel and Jason Lenhoff of Quantum represented the seller, Core Acquisitions LLC. A private real estate investor was the buyer.
Colonial Heights, Va. — United Hampshire US REIT has acquired Colonial Square, a 168,326-square-foot grocery-anchored shopping center located at 3107 Blvd. in Colonial Heights, a suburb of Richmond. Located off Interstate 95, Colonial Square was 99 percent leased at the time of sale to tenants including Publix, Locke Supply Co., Wells Fargo and Dollar General. Jordan Lex, Daniel Naughton and Bill Moylan of JLL represented the seller, Colonial Square Associates.
