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220 S. Wilcox
ColoradoInvestment salesNews

Blue West Capital Arranges $2.8 Million Sale of USPS-Occupied Property Near Denver

by Julia Sanders

Castle Rock, Colo. — Blue West Capital has brokered the sale of a single-tenant building located at 220 S. Wilcox St. in Castle Rock. A California-based 1031 exchange investor acquired the newly constructed asset for $2.8 million. The United States Postal Service occupies the 5,382-square-foot property as a mission-critical financial station that combines retail operations and carrier logistics. Zach Wright and Brandon Gayeski of Blue West Capital represented the seller, a Midwest-based real estate development firm, in the deal.

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Target
LeasingNewsTexas

Target to Open 136,000-Square-Foot Store at Valley Ranch Town Center in Metro Houston

by Julia Sanders

New Caney, Texas — Target will open a 136,000-square-foot store at Valley Ranch Town Center, a 240-acre mixed-use development located in the northeastern Houston suburb of New Caney. The Minneapolis-based retailer joins a tenant roster that includes Kroger, Burlington, Academy Sports + Outdoors, T.J. Maxx, Hobby Lobby and Cinemark Theatres. Karla Smith of SRS Real Estate Partners represented Target in the lease negotiations. Brody Farris represented the landlord, Signorelli Co., on an internal basis. The space is under construction, and a tentative opening date has not yet been established.

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Floor and Decor
Investment salesNewsOhio

Hanley Investment Group Arranges Sale of 118,161-Square-Foot Retail Property in Metro Columbus

by Julia Sanders

Hilliard, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of a 118,161-square-foot, two-tenant retail property located roughly 14 miles outside Columbus in Hilliard. Floor & Decor and Arhaus occupy the property, which is shadow-anchored by Lowe’s Home Improvement within Mill Run Square shopping center. Eric Wohl and CJ Kiehler of Hanley Investment Group, in association with ParaSell Inc., represented the seller, an affiliate of RCG Ventures of Atlanta. Mark Luttner of Luttner Passov Investment Group represented the buyer, a private investor based in Ohio. The sales …

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Miami Gardens
FinanceFloridaNews

MMG Equity Receives $16.8 Million Refinancing for Shopping Center in Miami Gardens

by Julia Sanders

Miami Gardens, Fla. — MMG Equity Partners has received $16.8 million for the refinancing of Miami Gardens Shopping Center, a 117,829-square-foot grocery-anchored shopping center located in Miami Gardens. Chris Drew, Brian Gaswirth and Reid Carleton of JLL Capital Markets secured the financing through Guardian Life Insurance Co. of America on behalf of the borrower. The center was 97 percent occupied at closing by tenants including Presidente Supermarket, Family Dollar, Humana Health, Subway and Amscot.

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LeasingNewsTexas

Weitzman Begins Leasing 40,130-Square-Foot Porter Lake Crossing Retail Project in Katy, Texas

by Julia Sanders

Katy, Texas — Weitzman has begun leasing Porter Lake Crossing, a 40,130-square-foot shopping center under construction in the western Houston suburb of Katy. Cornerstone Development Group is developing the project, which will consist of three multi-tenant buildings and a 6,000-square-foot pad site. Construction of the first building is expected to be complete next fall.

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CaliforniaCompany newsNews

Voyager Group Receives 2021 Gold Maxi Award

by Julia Sanders

San Juan Capistrano, Calif. — Voyager, in partnership with Kemper Development Co., has received a 2021 Gold Maxi award from ICSC for The Bellevue Collection’s “Do Good with Delivery” campaign. The Voyager Group designs brand narratives and creative campaigns for mixed-use, office, retail, hotel and dining developers and leasing teams, such as Alberta Development Partners, Daniels Development Co., DMB Associates, The Irvine Co. and The Mills Corp. Voyager Group clients and projects include 150 Worth Avenue, 1221 Ocean Avenue, The Aesthetic Society, Churchill Management Group, Coca-Cola, Fashion Island, FedEx, Gridiron …

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Alsatian-Oaks
DevelopmentMixed-useNewsTexas

Merit Commercial Real Estate Breaks Ground on $500 Million Alsatian Oaks Master-Planned Community Near San Antonio

by Katie Sloan

Castroville, Texas — Merit Commercial Real Estate has broken ground on Alsatian Oaks, a 435-acre, master-planned community in Castroville, a town adjacent to San Antonio. The project represents an investment of more than $500 million. When complete, Alsatian Oaks will include 950 homes, an amenity center, parks, bike trails and more than 400,000 square feet of restaurants, retail and medical office space. The first phase of development will consist of 233 homes as well as utility systems and a parkway connecting to Highway 90. A construction timeline was not provided. …

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Superstition-Gateway
ArizonaFinanceNews

Keybank Secures $77.1 Million Refinancing for Shopping Center in Mesa, Arizona

by Katie Sloan

Mesa, Ariz. — KeyBank Real Estate Capital has secured the $77.1 million refinancing of Superstition Gateway, a shopping center consisting of 25 single-story buildings in Mesa. Built in 2007, the center is home to tenants including Kohl’s, Bed Bath & Beyond, LA Fitness and AMC Theatres. John Loshbaugh and Robert Ray of KeyBank secured the fixed-rate, CMBS loan on behalf of the borrower, Desert Troon Companies.

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AlabamaInvestment salesNews

JRW Realty Arranges $19 Million Sale of Publix-Anchored Shopping Center in Madison, Alabama

by Katie Sloan

Madison, Ala. — JRW Realty has arranged the $19 million sale of a multi-tenant retail center anchored by Publix Super Markets in Madison. The property was 92 percent leased at the time of sale to tenants including Goodwill and ATI Physical Therapy. The buyer and seller in the transaction were undisclosed.

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Cross-Station
GeorgiaInvestment salesNews

Marcus & Millichap Arranges $9 Million Sale of Food Lion-Anchored Center in Southwest Georgia

by Katie Sloan

Albany, Ga. — Marcus & Millichap has arranged the $9 million sale of Cross Station Shopping Center, a 166,593-square-foot, Food Lion-anchored property located in Albany. David Gant and Lori Schneider of Marcus & Millichap represented the seller and the buyer, both undisclosed limited liability companies, in the transaction. John Leonard of Marcus & Millichap assisted in the closing. Located at 2800 Old Dawson Road, the center was 88.2 percent occupied at the time of sale by tenants including UPS, Ross Dress For Less, Beall’s Outlet, JOANN Fabric and Crafts, Plato’s …

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