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LA Fitness
Investment salesNewsTexas

RealSource Arranges Sale of 47,000-Square-Foot LA Fitness Property in Metro Houston

by Julia Sanders

Richmond, Texas — RealSource Group has arranged the sale of a single-tenant retail property net leased to LA Fitness, located roughly 30 miles outside Houston in Richmond. Austin Blodgett of RealSource, along with ParaSell Inc., represented the seller, a private developer based in Houston. Blodgett and ParaSell also represented the buyer, a private partnership based in Texas. The sales price was not disclosed. The 47,000-square-foot LA Fitness is situated within Waterview Town Center, a 525,000-square-foot retail center that is home to tenants including Academy Sports, At Home, 7-Eleven, Quick Quack …

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Evergreen Plaza
IllinoisInvestment salesNews

Whole Foods-Anchored Retail Center in Suburban Chicago Sells for $67.2 Million

by Julia Sanders

Evergreen Park, Ill. — Evergreen Plaza, a recently redeveloped, 255,249-square-foot retail center in the Chicago suburb of Evergreen Park, has sold for $67.2 million. The sale represents the largest single-asset retail sales transaction in the Chicago area this year, according to JLL, which brokered the sale. Anchored by Whole Foods Market, Evergreen Plaza is also home to TJ Maxx, Burlington, Five Below, Ulta Beauty, DSW and Planet Fitness. The property is 94 percent leased. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller, a partnership between funds …

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Lucid Motors
FloridaLeasingNews

Two Retailers, Entertainment Concept to Open at $4 Billion Miami Worldcenter Development in Downtown Miami

by Julia Sanders

Miami — Two retailers and an entertainment concept are set to open at Miami Worldcenter, a $4 billion, 27-acre mixed-use development underway in downtown Miami. New tenants include Sephora; Lucid Motors, an electric car company; and Bowlero, an entertainment concept that offers bowling, interactive arcades and dining. The retailers and Bowlero will occupy a combined 60,000 square feet and are set to open in 2022. Sephora will occupy more than 6,000 square feet at the World Square Plaza, a 20,000-square-foot public plaza and park that will run along the project’s …

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Thomson Plaza
GeorgiaInvestment salesNews

Stan Johnson Co. Brokers $3.3 Million Sale of Thomson Plaza Shopping Center Near Augusta, Georgia

by Julia Sanders

Thomson, Ga. — Stan Johnson Co. has brokered the sale of Thomson Plaza, a 96,495-square-foot retail center located at 308-324 W. Hill St. in Thomson, about 33 miles west of Augusta. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the seller, an entity doing business as Thomson Plaza LLLP, which had owned the grocery-anchored property for over 49 years. A private 1031 exchange buyer from Statham, Georgia, purchased the center for approximately $3.3 million. Thomson Plaza is a KJ’s Market-anchored community center situated on more than 10.5 acres. …

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Company newsFloridaNews

Publix to Hire 30,000 Employees in Fourth Quarter of 2021

by Julia Sanders

Lakeland, Fla. — Publix plans to hire 30,000 employees during the fourth quarter of 2021. New employees will work across the company’s portfolio of 1,284 stores, nine distribution centers and 11 manufacturing facilities in Alabama, Florida, Georgia, South Carolina, Tennessee, North Carolina and Virginia. Employee benefits at Publix include tuition reimbursement and a stock ownership program. The Lakeland, Florida-based company is also rewarding employees that receive the COVID-19 vaccination with a $125 Publix gift card.

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Manhattan West
DevelopmentNew YorkNews

Brookfield Properties Opens Eight-Acre Manhattan West Mixed-Use Development

by Julia Sanders

New York City — Brookfield Properties has opened Manhattan West, an eight-acre mixed-use development located on New York City’s west side. Manhattan West includes retail, restaurant, residential, office and hospitality uses. The centerpiece of the open-air project, which was designed by Skidmore, Owings & Merrill, is a 2.5-acre public plaza. Retail tenants include Whole Foods Market, The NHL Store, Starbucks Coffee, Peloton Store, City National Bank and Midnight Theatre.

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IllinoisLeasingNews

Ashley HomeStore Signs 48,397-Square-Foot Lease for New Store at Algonquin Commons in Suburban Chicago

by Julia Sanders

Algonquin, Ill. — Ashley HomeStore has signed a 48,397-square-foot retail lease at 1500 S. Randall Road within Algonquin Commons, a 600,000-square-foot lifestyle center in the northwest Chicago suburb of Algonquin. The retailer is relocating from nearby 2451 S. Randall Road where it operated for 12 years. Brad Murchison, Chris Irwin and Brad Belden of Colliers International represented the tenant in the lease transaction. Marget Graham of Mid-America Real Estate Group represented the landlord, Red Mountain Retail Group Inc. Based in Wisconsin, Ashley HomeStore operates more than 900 locations nationwide.

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IllinoisInvestment salesNews

Cushman & Wakefield Brokers $13.1 Million Sale of Tesla-Occupied Property in Chicago

by Julia Sanders

Chicago — Cushman & Wakefield has brokered the $13.1 million sale of the Tesla Service Center of Chicago, located at 3059-3057 N. Elston Ave. in Chicago’s Avondale neighborhood. The build-to-suit for Tesla opened in 2019. The service center spans 31,700 square feet and provides maintenance and repairs for all Tesla models. Michael Marks, Evan Halkias, David Matheis and Eric Cline of Cushman & Wakefield represented the seller, a private owner. Exan Capital acquired the property on behalf of a separate account, Chicago Elston One LLC.

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5305 Winchester
Investment salesNewsTennessee

Hanley Investment Group Arranges Sales of Two Burger King-Occupied Properties in Memphis

by Julia Sanders

Memphis — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant retail properties net leased to Burger King in Memphis. The properties sold for a total of $6 million to two separate buyers. Matt Burnett of Hanley Investment Group, in association with Scott Reid & ParaSell Inc., represented the seller, a private investor based in Los Angeles, in both transactions. Dispositions included a 2,860-square-foot Burger King property with a drive-thru located less than one mile from the Memphis International Airport, which sold for $3.5 million to …

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Beaumont
CaliforniaInvestment salesNews

Brixton Capital Acquires 187,851-Square-Foot Shopping Center in Southern California

by Julia Sanders

Beaumont, Calif. — Brixton Capital has acquired Marketplace Beaumont, a 187,851-square-foot shopping center in Beaumont. Brixton purchased the property from the FJ Hanshaw Trust for an undisclosed price. Gleb Lvovich & Daniel Tyner of JLL represented the buyer in the transaction, while FJ Hanshaw Trust was self-represented. The shopping center was 92 percent leased at the time of sale to tenants including Aldi, Petco, Ross, Best Buy, Taco Bell, Starbucks Coffee and Bank of America. The property includes five drive-thru pads. The new ownership plans to renovate the property, with …

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