News

ColoradoInvestment salesNewsRestaurants

Red Robin Completes Sale of 108 Restaurants for $89.4 Million

by Abby Cox

Englewood, Colo. — Red Robin Gourmet Burgers Inc. has completed the sale of 108 company-owned units to multi-unit franchise operators for approximately $89.4 million in gross proceeds. The company announced the transactions in the second quarter of this year. Under the terms of each agreement, each of the multi-unit restaurant operators has begun operating restaurants in the following markets under the same Red Robin brand: • Kuber Oregon LLC and Kuber Washington LLC acquired 17 restaurants based in Oregon and Washington for $10 million. • Evergreen Dining LLC acquired 30 restaurants …

Continue Reading
0 FacebookTwitterLinkedinEmail
1525-W-Michigan-Ave-Battle-Creek-MI-2
Grocery-anchoredInvestment salesMichiganNews

Legacy Realty Brokers $4.6 Million Sale of 111,935-Square-Foot Grocery-Anchored Center in Southwest Michigan

by Abby Cox

Battle Creek, Mich. — Legacy Realty Group Advisors has brokered the $4.6 million sale of Urbandale Plaza, a 111,935-square-foot retail center located in the Southwest Michigan city of Battle Creek, approximately 25 miles east of Kalamazoo. Family Fare anchors the center, which features other tenants such as Dollar Tree. Jacob Baruch and Jonah Warshaw of Legacy Realty represented the buyer, a private investor, in the transaction. The seller was also a private investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsRestaurants

QDOBA Signs 17-Unit Development Agreement For San Diego County

by Abby Cox

San Diego — QDOBA Mexican Eats has signed a new development agreement for 17 restaurants across San Diego County in California. The agreement is led by Hyperion Brands LLC, a San Diego based multi-unit operator. QDOBA and its franchise partners currently operate approximately 875 restaurants, with plans to double the brand’s footprint to approximately 2,000 restaurants and open 100 restaurants annually in the years ahead. The fast-casual brand has a presence in 46 U.S. states, as well as in Canada, Puerto Rico, Japan and South Korea.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sundy-Village
DevelopmentFinanceFloridaMixed-useNews

Pebb Capital Receives $223 Million for Refinancing of Sundy Village in Delray Beach, Florida

by Abby Cox

Delray Beach, Fla. — Pebb Capital has received a $223 million loan for the refinancing of Sundy Village, a planned 7-acre mixed-use campus under development in downtown Delray Beach, located between Fort Lauderdale and West Palm Beach. The first phase of the project delivered 100,000 square feet of office space, 30,000 square feet of retail and dining, landscaped courtyards, indoor-outdoor gathering spaces, as well as 268 parking spaces. Tenants include Vertical Bridge, Industrious, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot, Drinking Pig BBQ, Maman, Dragonfly MRI, JTC and Fairstead Development, among others. The second phase will add a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Stanley-Marketplace
ColoradoFinanceInvestment salesNews

JLL Negotiates $41.2 Million Sale of Stanley Marketplace in Metro Denver

by Abby Cox

Aurora, Colo. — JLL Capital Markets has arranged the $41.2 million sale of Stanley Marketplace, a 102,125-square-foot adaptive reuse retail development located in the Denver suburb of Aurora. Jason Schmidt and Austin Snedden of JLL represented the seller, Westfield Co., in the transaction. Leon McBroom and William Haass, also of JLL, secured a five-year, $27.3 million acquisition loan through a reginal bank on behalf of the buyer, Magnetic Capital. Originally constructed in 1954 as an ejection seat manufacturing facility, the redeveloped retail property is currently 98 percent leased to a mix …

Continue Reading
0 FacebookTwitterLinkedinEmail
three-tenant-retail-new-mexico
Investment salesNew MexicoNews

Faris Lee Brokers $4 Million Sale of Retail Strip Center in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — Faris Lee Investments has brokered the $4 million sale of a newly constructed, three-tenant retail strip center located in Albuquerque. The 5,375-square-foot property was fully leased to El Pollo Loco, Jamba and Xfinity at the time of sale. Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee represented both the seller, a New Mexico-based developer, and the all-cash buyer, a private East Coast-based investor, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Village-at-Waugh-Chapel
Grocery-anchoredLeasingMarylandNews

Urban Edge Signs Four New Tenants at The Village at Waugh Chapel in Central Maryland

by Abby Cox

Gambrills, Md. — Urban Edge Properties has signed leases with four new tenants at The Village at Waugh Chapel, a 382,000-square-foot shopping center located in the Central Maryland city of Gambrills, roughly 11 miles west of Annapolis. Totaling more than 23,000 square feet, the new tenants include J.Crew Factory (5,115 square feet), Miniso (8,581 square feet), Quickway Hibachi (2,307 square feet) and Wonder (7,788 square feet). Other tenants at The Village at Waugh Chapel, which is anchored by Safeway, include HomeGoods, T.J. Maxx, LA Fitness, Marshalls, Chick-fil-A and Newk’s Eatery. Tenants …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Farm-Allen-TX
DevelopmentEntertainmentNewsTexas

High 5 Exchange Breaks Ground on Entertainment Venue in Metro Dallas, Texas

by Abby Cox

Allen, Texas — High 5 Exchange has broken ground on a new family entertainment destination located within the master-planned development of The Farm in Allen, roughly 30 miles north of Dallas. The venue will feature 24 bowling lanes, laser tag, a virtual reality arena, an arcade gaming floor, escape rooms, Creative Works’ new Limitless VR immersive experience and outdoor miniature golf. High 5 Allen will also accommodate birthday celebrations, corporate gatherings and private events, supported by dedicated event spaces and food and beverage service. The project is anticipated to debut in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Joffco-Square
IllinoisLeasingNews

Burlington, Planet Fitness Sign Leases Totaling 45,000 Square Feet at Joffco Square in Chicago

by Abby Cox

Chicago — Burlington and Planet Fitness have signed long-term leases totaling roughly 45,000 square feet at Joffco Squre in Chicago. Nassimi Realty has brought the urban retail center from 50 percent occupancy to fully leased. Burlington signed a 10-year lease for 23,000 square feet, taking the former Ashley Furniture space. The retailer is relocating from its existing location across the street. The new store is expected to open in the winter or spring of 2027. Planet Fitness signed a 12-year lease for 22,000 square feet in the former Joann Fabrics …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cross-County-Plaza
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Brokers $48.2 Million Sale of Publix-Anchored Center in Columbus, Georgia

by Abby Cox

Columbus, Ga. — Atlantic Capital Partners has brokered the $48.2 million sale of Cross Country Plaza, a 304,735-square-foot shopping center located in Columbus. Anchored by Publix, the property was 95 percent leased at the time of sale. Other tenants include T.J. Maxx, Burlington and 2nd & Charles. Fred Victor of Atlantic Capital Partners represented the seller, Hackney Real Estate, in the transaction. The buyer was Brasswater, a Canadian-based real estate development and investment firm headquartered in Montreal, Quebec.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts