Las Vegas and Palo Alto, Calif. — Simon Property Group and José Andrés Group (JAG) will collaborate to bring restaurants to three properties located in Las Vegas and Palo Alto. The partnership will introduce new dining concepts to Stanford Shopping Center in Palo Alto and The Shops at Crystals in Las Vegas. The collaboration will also bring Turkish, Greek and Lebanese restaurant Zaytinya to The Forum Shops at Caesars Palace in Las Vegas. “Simon Property Group is the preeminent retail property owner with a significant footprint in cities where we …
Rancho Mission Viejo, Calif. — Westar Associates will develop Esencia Commons, a 175,000-square-foot retail center in Rancho Mission Viejo. Upon completion, the property will feature a supermarket, fitness center, gas station and other retail and restaurant spaces. Groundbreaking for the project — which will be located within a 50-acre mixed-use development that includes an apartment community, business park, self-storage facilities and planned medical offices — is scheduled for the fourth quarter of this year. Westar will manage the property and has begun leasing efforts for the center.
Phoenix — Harkins Theatres has announced plans for the development of Harkins BackLot, a 32,000-square-foot entertainment center at The Shops at Norterra in Phoenix. The new concept is inspired by movie studio backlots and will feature a full-service restaurant and bar, sports viewing arena, an arcade, bowling with digitally animated and enhanced lanes, an outdoor patio with yard games and a private event space with party and corporate event rooms. The opening is scheduled for 2024, with more locations to follow. Eric Termansen of Western Retail Advisors represented Harkins in …
Wichita, Kan. — FunCity Adventure Park has purchased a property comprising a 5.6-acre site and 52,259-square-foot building in Wichita. Sports Authority formerly occupied the building. Don Mace of KeyPoint Partners consulted on the sale on behalf of FunCity, which currently operates 18 locations throughout the country, with additional sites under construction.
Rancho Cucamonga, Calif. — CBRE has arranged the $25 million sale of Foothill Village Plaza, an 88,000-square-foot retail center located roughly 40 miles outside Los Angeles in Rancho Cucamonga. John Read of CBRE represented the seller, Raymond Arjmand of RA Centers, in the transaction. The property was fully leased at the time of sale to tenants including Chuck E. Cheese, NAPA Autoparts, Brands for Less and Beauty Club. Tenants at the center also include 10 undisclosed restaurants. A local private investor purchased the property.
Conroe, Texas — Four new tenants have signed leases totaling 14,880 square feet at The Grove at Harper’s Preserve, a 21,500-square-foot retail center in Conroe, approximately 40 miles north of Houston. Mayweather Boxing + Fitness, Thrive Massage, Pet Supplies Plus and Heartland Dental will be the newest tenants to join the property, the leasing of which is led by Main Street Commercial Partners. Gulf Coast Commercial Group is the developer and oversees management of the center. Other tenants at the development include Dutch Bros. Coffee, AT&T, Freebirds World Burrito, Jersey …
Osage Beach, Mo. — SkyView Partners and Tegethoff Development, along with Fred Ross, owner of Big Thunder Marine, are set to begin construction this summer on Oasis at Lakeport in Osage Beach within Missouri’s Lake of the Ozarks. The $350 million family resort and entertainment district will span 25 acres. The development team most recently announced an agreement with Marriott International for the construction of a 400-room, full-service Marriott Hotels property as part of the project. The hotel, to be managed by Texas-based Aimbridge Hospitality, will feature a 26,000-square-foot conference …
California, Md. — A joint venture between AmCap Inc. and Encore Enterprises has acquired First Colony Center, a 98,179-square-foot shopping center located in the Washington, D.C., suburb of California. Tenants at the center include Giant, Michaels and Advance Auto Parts. Target, Lowe’s Home Improvement and BJ’s Wholesale Club shadow anchor the property.
Magnolia, Texas — SVN | J. Beard Real Estate has arranged the sale of Renaissance Center, a 92,724-square-foot shopping center located in Magnolia, roughly 44 miles northwest of Houston. Tenants at the 95 percent-occupied property include Brookshire Brothers, Woodforest National Bank, Petsense and Anytime Fitness. An undisclosed buyer purchased the center from a private seller. Matt Knagg and Brittany Jameson of SVN | J. Beard Real Estate — Greater Houston represented the seller and buyer, respectively.
San Juan Capistrano, Calif. — ALMQUIST has signed 21 tenants to River Street Marketplace, a 60,000-square-foot retail development currently underway in San Juan Capistrano. Concepts that will join the lineup include Bred’s Hot Chicken, Capistrano Brewing, Common Thread, Fermentation Farm, Finca by David Pratt, Free People, Gueros Cevicheria, Hudson’s Cookies, Kozan Teahouse & Boba, La Vaquera, McConnell’s Ice Cream, The Meat Cellar Market and Steakhouse, Mendocino Farms, Nana’s Fish Chippery, Nom, SALT., Seager, Shootz Hawaiian, Toes on the Nose, Ubuntu Café and Wildfire Mercantile.