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Roswell Market Place
GeorgiaInvestment salesNews

JLL Brokers $37.6 Million Sale of Sprouts-Anchored Shopping Center in Roswell, Georgia

by Julia Sanders

Roswell, Ga. — JLL Capital Markets has brokered the $37.6 million sale of Roswell Market Place, a fully leased, 95,522-square-foot shopping center in the metro Atlanta city of Roswell. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the locally based seller, Branch Properties LLC, in the sale. East Coast Acquisitions purchased the property. Roswell Market Place is located at 10800 Alpharetta Highway. Built in 1986 and most recently renovated in 2015 and 2016, the center is anchored by Sprouts Farmers Market. The tenant roster also includes Starbucks, Chipotle, …

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Delray Commons
FloridaInvestment salesNews

PEBB Enterprises, Topvalco Acquire Delray Commons Shopping Center in South Florida for $10.5 Million

by Julia Sanders

Delray Beach, Fla. — PEBB Enterprises has acquired Delray Commons, a 71,000-square-foot shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Boca Raton, Fla.-based PEBB formed a joint venture dubbed KP Delray LLC with the center’s current owner, Cincinnati-based Topvalco Inc., for the acquisition. The sales price was $10.5 million. Built in 1981, Delray Commons has 65,940 square feet of inline retail space, a 3,036-square-foot Burger King outparcel and an approximately 2,000-square-foot Taco Bell outparcel. Sprouts Farmers Market has committed to anchor the center with a 23,256-square-foot store. …

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EoS Fitness
ArizonaInvestment salesNews

Marcus & Millichap Brokers $9.6 Million Sale of EoS Fitness-Occupied Property in Tempe

by Julia Sanders

Tempe, Ariz. — Marcus & Millichap has arranged the sale of retail property located at 1727 W. Ranch Road in Tempe. MAR Group acquired the asset from a private preferred developer of EoS Fitness for $9.6 million. EoS Fitness occupies the 38,000-square-foot property under a net lease agreement. Mark Thiel of Marcus & Millichap represented the seller and procured the buyer. Ryan Sarbinoff of Marcus & Millichap’s Phoenix office served as broker of record.

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Cambridge Crossing
LeasingMassachusettsNews

REI to Open Small-Format Store at Cambridge Crossing in Massachusetts

by Julia Sanders

Cambridge, Mass. — Outdoor apparel and equipment retailer REI will open an 8,000-square-foot store at Cambridge Crossing, a 43-acre mixed-use development located at the junction of Boston, Cambridge and Somerville. The opening of the store, which is scheduled for this fall, represents the launch of REI’s new small-format prototype. The store will be located in a newly constructed office and retail building. San Francisco-based DivcoWest is the master developer of Cambridge Crossing.

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Habit Burger Grill
ArizonaInvestment salesNews

Marcus & Millichap Brokers $2.2 Million Sale of Habit Burger Grill-Occupied Building in Phoenix

by Julia Sanders

Phoenix — Marcus & Millichap has arranged the sale of a restaurant property located at 745 E. Glendale Ave. in Phoenix. A limited liability company sold the asset to a private trust for $2.2 million. Habit Burger Grill occupies the 1,891-square-foot building, which was built in 1973, on a net lease basis. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the deal.

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Verde at Cooley Station
ArizonaFinanceNews

Parkview Provides $28 Million Construction Loan for Verde at Cooley Station in Gilbert, Arizona

by Julia Sanders

Gilbert, Ariz. — Parkview Financial has provided a $28 million construction loan to Verde Gilbert LLC for the development of Verde at Cooley Station, a lifestyle center located at 17201-17361 E. Williams Field Road in Gilbert. Verde Gilbert LLC is a joint venture between three development companies led by SB2 Communities. Upon completion, the 10-building, 96,000-square-foot property will offer 44,000 square feet of retail space, 13,000 square feet of office space, 31,000 square feet of restaurant space and 8,000 square feet of fitness space. Designed to be a restaurant-centric, mixed-used …

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LeasingNewsTexas

SuperNova Furniture to Open 40,000-Square-Foot Store at Brazos Town Center in Metro Houston

by Julia Sanders

Rosenberg, Texas — SuperNova Furniture will open a 40,000-square-foot store at Brazos Town Center, a 550-acre mixed-use development by local developer NewQuest Properties in Rosenberg, a southwestern suburb of Houston. The lease term is 10 years, and the store, which is located in a space formerly occupied by department store Gordman’s, is set to open this fall. The lease pushes the property’s retail occupancy rate to 98 percent. Joe Silver and Chris Pitts of Streetwise Retail Advisors represented the retailer in the lease negotiations.

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Villages at Camp Creek
GeorgiaInvestment salesNews

Stan Johnson Co. Brokers $5.3 Million Sale of Villages at Camp Creek in Atlanta

by Julia Sanders

Atlanta, Ga. — Stan Johnson Co. has brokered the $5.3 million sale of Villages at Camp Creek, a 9,633-square-foot shopping center in Atlanta. Jeff Enck of Stan Johnson Co. represented the seller, a local private investor, in the disposition of the property to a group of individual investors from Georgia. Both parties were involved in 1031 exchanges. Located at 3530 Camp Creek Parkway, Villages at Camp Creek was fully leased at the time of sale to tenants including Verizon Wireless and American Deli. The center is located near Camp Creek …

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Grossmont
ArizonaCaliforniaInvestment salesNewsVirginia

Federal Realty Investment Trust Acquires Four Shopping Centers Totaling 1.8 Million Square Feet

by Julia Sanders

North Bethesda, Md. — Federal Realty Investment Trust has acquired four retail properties in California, Virginia and Arizona totaling 1.75 million square feet. Acquisitions include Grossmont Shopping Center, located 10 miles outside San Diego in La Mesa, California; Camelback Colonnade and Hilton Village, both located in the Phoenix metropolitan area; and Chesterbrook Shopping Center, located 10 miles outside Washington, D.C., in McLean, Virginia. Federal Realty will own 80 percent interest in the four properties, which occupy 125 acres of land valued at $407 million. The 925,000-square-foot Grossmont Shopping Center was …

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Amara
FloridaInvestment salesNews

Black Lion Investment Group Acquires Amara at Paraiso Restaurant Property in Miami for $12.1 Million

by Julia Sanders

Miami — Black Lion Investment Group has acquired a waterfront restaurant building in Miami occupied by Amara at Paraiso from Related Group for $12.1 million. Fabio Faerman and Sebastian Faerman of Miami-based FA Commercial represented both parties in the transaction. The 12,300-square-foot building is part of a larger project that includes the residential complex Paraiso Bay, which contains 1,300 residential units. James Beard Award-winning chef Michael Schwartz is at the helm of the popular indoor-outdoor restaurant.

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