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.
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.
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 …
Concord, N.C. — Lowes Foods has signed a lease to anchor Christenbury Village, a planned mixed-use development in Concord. Christenbury Investors — an entity affiliated with MPV Properties and Mission Properties — is the developer of the 17-acre project. Lowes Foods will occupy a 52,000-square-foot space within the development, which is set to include two mixed-use buildings featuring approximately 150 multifamily units and about 26,000 square feet of retail space, alongside a 24,000-square-foot medical office building. The developer plans to break ground on Phase I of the project in the …
Rochester Hills, Mich. — Burlington is set to backfill a 31,059-square-foot space formerly occupied by Stein Mart at Winchester Center in Rochester Hills, about 25 miles north of Detroit. RPT Realty owns the shopping center, which is located at the southwest corner of Rochester and Avon roads. Tjader Gerdom, Michael Murphy and Bill McLeod of Gerdom Realty & Investment represented RPT in the lease transaction.
Mandeville, La. — Target is set to open a 58,000-square-foot store at Premier Centre, a 273,000-square-foot shopping center in Mandeville. The store will occupy a combination of space formerly occupied by Stein Mart and an adjacent space currently occupied by Rack Room Shoes, which will be relocating to another storefront within the center. An additional 13,000 square feet will be built onto the back of the building to accommodate the new tenant. Whole Foods Market anchors Premier Centre, which is 97 percent leased to tenants including Bed Bath & Beyond, …
Helena, Mont. — Citivest Commercial Investments and Sage Investco have purchased a former department store building in Helena for an undisclosed price. The 116,992-square-foot property also includes two pad development opportunities, with one ground finalized and another in negotiations. Shopko formerly occupied the building, which is situated within a larger center anchored by Albertsons, Target, JoAnn Fabric and Crafts and Ross Dress for Less. The buyers plan to implement a renovation program, which will include updating paint colors, landscaping and signage to maximize the center’s value. The name of the …
Wallingford, Conn. — JLL has negotiated the $20.2 million sale of a 160,000-square-foot retail center located in the New Haven suburb of Wallingford. Lowe’s Home Improvement anchors the center, which was fully leased at the time of sale. Nat Heald and Chris Angelone of JLL represented the seller, Davenport Cos., in the transaction. The buyer was not disclosed.
Washington, D.C. — Wegmans Food Markets is set to open its first store in Northwest Washington, D.C. The new location will open within the $640 million City Ridge project by Roadside Development and North America Sekisui House, which includes commercial, residential and retail space. The 84,000-square-foot Wegmans will open in summer 2022 and include a Market Café, coffee shop and a casual restaurant called The Burger Bar. The store site will also offer parking below with residential units above. Wegmans now operates 106 stores in seven states, and is set …
Sacramento, Calif. — Matthews Real Estate Investment Services has arranged the sale of a retail building located at 4241 Marconi Ave. in Sacramento. A private individual sold the property to an undisclosed buyer for $10.1 million. Rite Aid occupies the property. Courtney Haubach, Bill Pedersen and Chad Kurz of Matthews represented the seller and sourced the buyer for the transaction.
