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Oakland
Investment salesMichiganNews

Continental Realty Corp. Acquires Two Retail Centers in Michigan for $34 Million

by Julia Sanders

Troy, Mich. — Continental Realty Corp. (CRC) has acquired Oakland Plaza and Oakland Square, two shopping centers totaling nearly 392,000 square feet in Troy. The combined purchase price was $34 million. Together, the properties were 87 percent leased at the time of acquisition. Tenants include TJ Maxx, HomeGoods, Kohl’s, Bed Bath & Beyond, DSW, Michaels, Ulta Beauty, Five Below and Planet Fitness. Amy Sands and Clinton Mitchell of JLL represented the undisclosed seller. This was the first acquisition for CRC’s Opportunistic Retail Fund, a private equity fund formed this year …

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HQ Shopping Center
Investment salesNewsTexas

NewQuest Properties Acquires 116,404-Square-Foot Shopping Center in San Antonio

by Julia Sanders

San Antonio — NewQuest Properties has acquired a 116,404-square-foot shopping center located at 6001 NW Loop 410 in northwest San Antonio. Built on 12.7 acres in 1994, HQ Shopping Center was fully leased at the time of sale to tenants such as Best Buy, Ross Dress for Less, Bed Bath & Beyond and Petco. CBRE represented the undisclosed seller in the transaction.

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1111 W Addison
DevelopmentIllinoisNews

Summit Design + Build Completes Four-Story Gym, Retail Project Near Chicago’s Wrigley Field

by Julia Sanders

Chicago — Summit Design + Build has completed construction of 1111 W. Addison in Chicago’s Wrigleyville neighborhood. The four-story, 59,000-square-foot project features retail space on the ground floor and a fitness and bouldering center on the second through fourth floors. The 41,895-square-foot climbing gym is home to Movement Wrigleyville, a climbing, yoga and fitness center. Hirsch/MPG Architecture + Planning was the project architect and Clausen Management Services was the owner’s representative.

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Tribune
IllinoisLeasingNews

Museum of Ice Cream to Open at The Shops at Tribune Tower in Chicago

by Julia Sanders

Chicago — The Museum of Ice Cream (MOIC) has signed a long-term lease to open a 13,544-square-foot location at The Shops at Tribune Tower in downtown Chicago. MOIC represents the first retail tenant at the newly redeveloped Tribune Tower. The retail portion spans 50,000 square feet and anchors the ground floor of the 36-story, 740,000-square-foot tower, which is located at 435 N. Michigan Ave. Owners CIM Group and Golub & Co. have transformed the property into 162 luxury condominiums and are now welcoming their first residents. The building originally opened …

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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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