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LeasingMarylandNews

Heritage Partners Signs At Home to 96,446-Square-Foot Lease in Woodmore Towne Centre in Glenarden, Maryland

by Julia Sanders

Glenarden, MD. — Heritage Partners has leased a space formerly occupied by JC Penney at Woodmore Towne Centre in Glenarden to At Home, a home decor retail chain based in Plano, Texas. At Home will fully occupy the 96,446-square-foot space, initially taking possession early 2021 and opening this summer. At Home currently operates 227 stores in 40 states. Woodmore Towne Centre is a 245-acre mixed-use property with retail tenants such as Best Buy, Wegmans and Nordstrom Rack. In the summer of 2020, the JC Penney at Woodmore Towne Centre closed, …

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Naked Farmer
FloridaLeasingNews

Organic Food Restaurant Naked Farmer to Open Two Locations in South Florida

by Julia Sanders

Miami and Tampa, Fla. — Organic food restaurant Naked Farmer is set to open two new locations in Southern Florida. The restaurant signed a 1,900-square-foot lease at 137 Giralda Ave. in downtown Coral Gables; and a second 1,900-square-foot lease at Water Street in downtown Tampa. The farm-to-table concept opened its flagship location in Florida last June and plans to expand to an additional 15 to 20 locations throughout the state over the next three to four years. JLL’s retail advisory team oversaw the new lease signings and will continue to …

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Company newsNew YorkNews

ShopOne Names Michael Makinen Chief Operating Officer

by Julia Sanders

New York, N.Y. — ShopOne Centers REIT Inc. has appointed Michael Makinen to the position of chief operating officer. In his new position, Makinen will be responsible for overseeing the New York City-based company’s operations and financial performance, including the execution of its strategic priorities. He will report to ShopOne’s Chief Executive Officer, John Roche. “We are very pleased to further enhance our management team with such a distinguished REIT executive as Michael,” says Roche. “His strong understanding of retail real estate landscape will be an asset to our organization …

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Barrett Bradley
CaliforniaCompany newsNews

Newmark Merrill Cos. Hires Barret Bradley as Vice President of Acquisitions and Development

by Julia Sanders

San Diego, Calif. — Newmark Merrill Cos. has hired Barret Bradley as vice president of acquisitions and development for the company’s San Diego division. In his new role, Bradley will be responsible for sourcing and overseeing the acquisition of existing retail properties, in addition to identifying and managing new development projects within San Diego County, South Orange County and South Riverside County. Prior to joining Newmark Merrill, Bradley worked on the development and acquisitions team at CenterCal Properties.

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6644 Carnelian St.
CaliforniaInvestment salesNews

Progressive Real Estate Partners Arranges $3.3 Million Sale of US Bank-Leased Property in Southern California

by Julia Sanders

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has arranged the sale of a single-tenant retail property located at 6644 Carnelian St. in Rancho Cucamonga. A Santa Barbara County, California-based private investor sold the property to a San Bernardino County, California-based private investor for $3.3 million. Greg Bedell of Progressive Real Estate Partners represented both parties in the transaction. Originally built as Pomona First Federal Bank in 1979, the 4,278-square-foot location was acquired by US Bank in 2008 and has operated continuously as a bank for the past 42 years.

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7- eleven
Investment salesNewsTexas

RealSource Arranges Sale of 3,010-Square-Foot 7-Eleven in Arlington, Texas

by Julia Sanders

Arlington, Texas — RealSource Group has arranged the sale of a 3,010-square-foot single-tenant property and fuel station occupied by 7-Eleven in Arlington. The off-market disposition achieved a cap rate of 4.7 percent. Austin Blodgett of RealSource, along with ParaSell Inc., represented the seller, a private developer based in Houston. Jeremy McChesney of Hanley Investment Group represented the buyer, a 1031 exchange investor based in Southern California. The property is located at the signalized intersection of Collins Street and Blue Lake Boulevard at 4016 N. Collins St. 7-Eleven currently occupies the …

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AlabamaCompany newsNews

The Retail Brokers Network Selects Bryan Holt as President

by Julia Sanders

Birmingham, Ala. — The Retail Brokers Network (RBN) has selected Bryan Holt as president. In his new role, Holt will be responsible for helping grow the organization’s brand, representing RBN at industry-related events, recruiting new brokerage offices and facilitating education, networking and sharing of brokerage best practices between the 58 RBN member offices. Holt is a principal at Southpace Properties, where he oversees the company’s retail division. With nearly 25 years of experience in the commercial real estate industry, Holt specializes in retail tenant representation and investment sales. “I am …

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Echo Street West
DevelopmentGeorgiaNews

Construction Underway on Echo Street West Mixed-Use Development in Atlanta

by Julia Sanders

Atlanta — Vertical construction has begun at Echo Street West, a 19-acre mixed-use development by Lincoln Property Co. at the intersection of Donald Lee Hollowell Parkway and Northside Drive in Atlanta. At completion, the multi-phase project will include 300,000 square feet of creative office space, 50,000 square feet of retail and restaurant space, 292 multifamily units, event space and 3.4 acres of outdoor entertainment and green space. An event venue named Guardian Works recently opened at the property. Phase one of Guardian Studios and CoLab, a neighborhood creative office space …

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Metro Crossing Shopping Center
Investment salesIowaNews

Metro Crossing Shopping Center Sells in Council Bluffs, Iowa

by Julia Sanders

Council Bluffs, Iowa — Metro Crossing Shopping Center in Council Bluffs has sold for an undisclosed price. The property spans 309,811 square feet. It was 96 percent occupied at the time of sale by 57 tenants, including Dick’s Sporting Goods, PetSmart, Kohl’s, Hobby Lobby, Old Navy and TJ Maxx. Ember Grummons of Investors Realty represented the buyer, Bridge 33 Capital. CBRE represented the seller, a partnership between Walton Street Capital and Pine Tree Commercial.

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Q2 stadium
DevelopmentNewsTexas

Austin Commercial Completes 20,500-Seat Austin FC Soccer Stadium

by Julia Sanders

Austin, Texas — General contractor Austin Commercial has completed Q2 Stadium, a 20,500-seat soccer stadium for Austin FC, the city’s new Major League Soccer team. The Austin City Council originally approved the development of the stadium, which is situated on a 24-acre site on the city’s north side, in August 2018. Designed by Gensler and owned by Precourt Sports Ventures, the stadium features an outdoor amphitheater and stage for live music, a beer hall with local food and beverage options, large video screens for parties and retail merchandise stores. St. …

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