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North Dekalb Mall
GeorgiaInvestment salesNews

CBRE Arranges Sale of North Dekalb Mall in Atlanta, Buyer Plans Mixed-Use Redevelopment

by Julia Sanders

Decatur, Ga. — CBRE has arranged the sale of North Dekalb Mall in Decatur, about 8.6 miles east of downtown Atlanta. Sterling Organization sold the property for an undisclosed price. The buyer, EDENS, plans to redevelop the mall into a mixed-use property, according to The Atlanta Journal-Constitution. Located at 2050 Lawrenceville Highway, North Dekalb Mall is located on 76.7 acres at the intersection of Lawrenceville Highway and North Druid Hills Road. The enclosed mall’s tenants include AMC Theatres, Dollar Tree, Burlington and Marshalls. AMC Theatres has a maximum of six …

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West Market
Investment salesNewsNorth Carolina

Marcus & Millichap Brokers Sale of 152,030-Square-Foot Shopping Center in Greensboro, North Carolina

by Julia Sanders

Greensboro, N.C. — Marcus & Millichap has brokered the sale of West Market Shopping Center, a 152,030-square-foot, Food Lion-anchored retail property in Greensboro. The property sold for $9.1 million. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was not disclosed. Built in 1963, West Market Shopping Center is located at 4637-4653 W. Market St. The property’s tenant roster includes Cato, Strength & Body and Reconsidered Goods.

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Grand Village Center
ArizonaInvestment salesNews

LJ Mainstreet Holdings Buys Grand Village Center in Surprise, Arizona for $5 Million

by Julia Sanders

Surprise, Ariz. — Boros Investments has completed the disposition of Grand Village Center, a retail property located at 14273 and 14291 W. Grand Ave. in Surprise. LJ Mainstreet Holdings acquired the center for $5 million. The 25,653-square-foot property is fully leased to eight tenants, including Church for the Nations, Zona Communications, D’Ambrosio, Full Service Salon and Master Taco Restaurant. The buyer also acquired two adjacent undeveloped land parcels from a different seller and plans to build additional retail buildings on the site. Steve Julius, Jesse Goldsmith and Chase Dorsett of …

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La Encantada
ArizonaInvestment salesNews

Macerich Co. Sells La Encantada Lifestyle Center in Tucson for $165.2 Million

by Julia Sanders

Tucson, Ariz. — Macerich Co. has completed the disposition of La Encantada, an open-air lifestyle center in Tucson. A group of local investors acquired the property for $165.2 million. Completed in 2003, La Encantada offers 246,256 square feet of retail space. At the time of sale, the property was 93 percent leased to tenants including Crate & Barrel, Tiffany & Co., West Elm, Anthropologie, Athleta, Lululemon, Pottery Barn, Madewell, Warby Parker, Williams-Sonoma, Bluemercury, Barre 3, Core Health & Fitness, Fuchsia Spa and Laseraway, AJ’s Fine Foods, RA Sushi Bar and …

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Hub
DevelopmentNewsNorth Carolina

White Point Unveils Plans for 125,000-Square-Foot Horseshoe at Hub RTP Mixed-Use Project in Durham

by Julia Sanders

Durham, N.C. — White Point Partners has unveiled plans for a 125,000-square-foot mixed-use development in Durham called Horseshoe at Hub RTP. The mixed-use building is part of a larger 100-acre development, Hub RTP, which will be constructed in two phases. Horseshoe at Hub RTP will feature approximately 25,000 square feet of retail space surrounding an outdoor plaza. Upon completion, the project in full will deliver up to 1 million square feet of Class A office space; 200,000 square feet of lab and office space; 75,000 square feet of retail and …

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Crazy Boss
CaliforniaDevelopmentNews

Progressive Signs 103,157-Square-Foot Lease at Vineyard Valley Center in Fontana, California

by Julia Sanders

Fontana, Calif. — Progressive Real Estate Partners has signed a new lease with Crazy Boss Big Discount Store at Vineyard Valley Center, a 285,000-square-foot retail center in Fontana. Located at 17099 Valley Blvd., the discount store will open this fall in a 103,157-square-foot anchor space that was formerly occupied by Kmart. Additional tenants at the center include Food 4 Less, Big Lots and dd’s Discounts. Paul Galmarini of Progressive Real Estate Partners and Justin Altemus of The Altemus Co. represented the landlord in the transaction. Galmarini also represented Crazy Boss.

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St. Johns Commons
FloridaInvestment salesNews

CBRE Arranges Sale of 71,352-Square-Foot St. Johns Commons in Jacksonville

by Julia Sanders

Jacksonville, Fla. — CBRE has arranged the sale of St. Johns Commons, a 71,352-square-foot, Winn-Dixie-anchored shopping center in Jacksonville. Dennis Carson and Casey Rosen of CBRE represented the seller, an affiliate of Phillips Edison & Co., in the transaction. An affiliate of Ash Properties purchased the fully leased center for an undisclosed price.

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Puttshake
DevelopmentGeorgiaNews

GID Signs Puttshack to 26,000-Square-Foot Lease at High Street Development in Atlanta

by Julia Sanders

Atlanta — Puttshack is set to open at High Street, a $2 billion, 36-acre mixed-use development located on the northside of Atlanta. GID Development Group is developing High Street and inked the lease with Puttshack — the first anchor tenant to be announced for the project. The entertainment venue will occupy more than 26,000 square feet of space, featuring four tech-driven mini golf courses, which offer a dining menu and full cocktail bar. The first phase of High Street will break ground this year and is slated to open by …

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CVS
GeorgiaInvestment salesNews

Avison Young Brokers $4.2 Million Sale of CVS-Occupied Property in Sandersville, Georgia

by Julia Sanders

Sandersville, Ga. — Avison Young has brokered the $4.2 million sale of a 12,089-square-foot, retail property occupied by CVS/pharmacy at 206 S. Harris St. in Sandersville. Chris Maling and David Maling of Avison Young represented the buyer, 710 E. Katella. Cushman & Wakefield represented the seller, a private equity group from New York. Built in 2006, the single-tenant property is situated on just over 1.6 acres of land. CVS/pharmacy has occupied the space since 2006 and has 19 years remaining on its triple net lease.

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Carillon Point
FinanceNewsWashington

Gantry Arranges $190 Million in Financing for Carillon Point Mixed-Use Property Near Seattle

by Julia Sanders

Kirkland, Wash. — Gantry has arranged a $190 million loan to recapitalize the Carillon Point mixed-use campus in Kirkland. Mike Taylor and Patrick Taylor of Gantry’s Seattle office secured the 15-year loan, which was placed with Principal Real Estate Investors. The name of the borrower was not released. Fronting Lake Washington, the 26-acre property features a mix of Class A office space, a boutique hotel, retail space and a 200-slip marina. Carillon Point totals six buildings and offers 440,000 square feet of mixed-use space, including the 100-room hotel.

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