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Elevat8
FloridaLeasingNews

Elev8 Fun to Open 125,000-Square-Foot Location in Sanford, Florida

by Julia Sanders

Sanford, Fla. — Elev8 Fun, an entertainment concept with go-karts, bowling, arcades and laser tag, plans to open its first location in Sanford. Scheduled to open early next month at 320 Towne Center Circle in Seminole Towne Center, the flagship location will feature more than 125,000 square feet of space and two floors of entertainment. Attractions at the location will include a multi-level go-kart track; an arcade with over 150 retro arcade games; 12 full-sized bowling lanes; laser tag; interactive mini golf; a ropes course; and a full-service restaurant.

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Shops at KPC Towne Centre
CaliforniaInvestment salesNews

SRS Arranges $9.5 Million Sale of Shops at KPC Towne Centre in Hemet, California

by Julia Sanders

Hemet, Calif. — SRS Real Estate Partners has arranged the sale of Shops at KPC Towne Centre, located at 2375-2465 W. Florida Ave. in Hemet. A southern California-based private family trust sold the center to a Los Angeles-based private investor for $9.5 million. Situated on two acres, the three-building property features 20,167 square feet of retail space. At the time of sale, eight tenants fully occupied the center. Matthew Mousavi, Patrick Luther and Max Sabino of SRS’ National Net Lease Group represented the seller, while Jason Paukovits of Dream Realty …

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LeasingMissouriNews

St. Louis Funny Bone Comedy Club Opens at Streets of St. Charles

by Julia Sanders

St. Charles, Mo. — St. Louis Funny Bone Comedy Club has opened a new location at the Streets of St. Charles, a 27-acre mixed-use development in suburban St. Louis. The family-owned comedy club has operated in St. Louis for more than 30 years. The club hosts talent from the St. Louis area as well as nationally touring comedians and hosts a weekly open mic night on Tuesdays. Jerry Kubach is the club’s owner. Cullinan Properties Ltd., the owner of Streets of St. Charles, also unveiled new tenants at the property …

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Red Ribbon
FloridaLeasingNews

Red Ribbon Bakeshop Opens Location in Pinellas Park, Florida

by Julia Sanders

Pinellas Park, Fla. — Red Ribbon Bakeshop Inc., a Philippines-based bakery brand, has opened a new store in Pinellas Park. The Pinellas Park store was the bakery’s first location in the state of Florida and the 34th store in the country to open. Located at 4053 Park Boulevard N., the store offers cakes as well as sweet and savory pastries such as the Chicken Empanada and the Butter Mamon.

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Investment salesIowaNews

NAI Legacy Acquires Hy-Vee-Occupied Retail Property in Iowa for $6.8 Million

by Julia Sanders

Ames, Iowa — NAI Legacy has acquired a newly built, 27,490-square-foot retail property occupied by Hy-Vee just outside of Ames for $6.8 million. The Hy-Vee | Dollar Fresh store serves as one of the grocer’s new concepts, which offers discounted products, perishable goods, meats and a pharmacy. This store concept is being developed in more rural Iowa locations, according to NAI Legacy, which acquired the asset from the developer, Embree Group.

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High Street
DevelopmentGeorgiaNews

GID Breaks Ground on $2 Billion High Street Development in Atlanta’s Central Perimeter

by Julia Sanders

Atlanta — GID Development Group has broken ground on the first phase of High Street, a $2 billion, 36-acre mixed-use development in Atlanta’s Central Perimeter. Phase I of High Street will deliver 150,000 square feet of retail and restaurants and an approximately 7,500-square-foot lawn. Located at the intersection of Perimeter Center Parkway and Hammond Drive, High Street will be situated close to the Dunwoody MARTA Station. Upon completion of all phases, High Street will encompass 672,000 square feet of Class A office space, a 400-key hotel, 400,000 square feet of …

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Red Lion Plaza
Investment salesNewsPennsylvania

Finmarc Management, KPR Sell Red Lion Plaza in Philadelphia for $56.5 Million

by Julia Sanders

Philadelphia — Finmarc Management Inc. and KPR have sold Red Lion Plaza, a 240,000-square-foot center located in Philadelphia, for $56.5 million. Jim Galbally, Chris Munley and Colin Behr of JLL represented Finmarc in the transaction. The buyers were not disclosed. Built in 1962, Red Lion Plaza was 97 percent leased at the time of the sale to tenants including Burlington, Pep Boys Auto, Planet Fitness, Ross Dress for Less and the Independent Physicians Medical Center. An undisclosed national grocery store is set to open within a 46,000-square-foot space at the …

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Cressona Mall
Investment salesNewsPennsylvania

Namdar Realty Group Sells 283,553-Square-Foot Shopping Center in Pennsylvania

by Julia Sanders

Pottsville, Pa. — Namdar Realty Group has sold Cressona Mall, a 283,553-square-foot shopping center in Pottsville. The center was 90 percent leased at the time of sale to tenants such as Giant Food, Planet Fitness, Ollie’s, Staples and Dollar General. The buyer and sales price were not disclosed. Jonathan Abda and Andrew Ebrani of Namdar represented the firm on an internal basis in the transaction. Cale Powers of Trinity RE Investment Services brokered the deal.

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Palm Beach Place
FloridaInvestment salesNews

CBRE Arranges $6.5 Million Sale of Retail Center in West Palm Beach

by Julia Sanders

West Palm Beach, Fla. — CBRE has arranged the $6.5 million sale of Palm Beach Place, a 33,196-square-foot retail center in West Palm Beach. David Donnellan and Patricia Friend of CBRE represented the seller, Harland Properties, in the disposition of the property to an undisclosed private investor. Built in 1981, Palm Beach Place was formerly known as West Palm Beach Merchandise Mart. The property is fully leased to tenants including L&D Beauty Supply Inc., Dan’s Fan City, Sherwin-Williams, Uniforms of WPB, Quantum Benefit Group Inc and Hospice of PB County …

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Allston Yards
DevelopmentMassachusettsNews

New England Development to Break Ground on 1.2 Million-Square-Foot Allston Yards Mixed-Use Project in Boston

by Julia Sanders

Boston — New England Development, in partnership with Stop & Shop, Bozzuto and Southside Investment Partners, will soon break ground on Allston Yards, a 1.2 million-square-foot mixed-use project in the Allston neighborhood of Boston. The site currently houses an older but still-operating Stop & Shop store and parking lots, which will be redeveloped. Built in multiple phases, Allston Yards will feature a 165-unit apartment building; a new Stop & Shop grocery store; 117,000 square feet of retail and restaurant space; 350,000 square feet of office and lab space; and a …

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