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The Shops at Sportsmen's Lodge
CaliforniaDevelopmentNews

Midwood to Open $100 Million Shops at Sportsmen’s Lodge in Studio City, California

by Julia Sanders

Studio City, Calif. — Midwood Investment & Development is nearing completion of The Shops at Sportsmen’s Lodge, a $100 million retail redevelopment of land formerly occupied by a meeting and convention center in Studio City. A rolling opening for the 95,000-square-foot property is scheduled to begin this summer. The Shops at Sportsmen’s Lodge will be anchored by Erewhon, a Los Angeles-based market and café known for its selection of organic, healthy foods. Other tenants will include Civil Coffee, Free People Movement, Madison Reed, Myodetox, Roberta’s Pizza, SALT Optics, Tocaya, Tuesday’s …

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Tiger Point Pavilion
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges $19.9 Million Sale of Publix-Anchored Shopping Center in Gulf Breeze, Florida

by Julia Sanders

Gulf Breeze, Fla. — JLL Capital Markets has arranged the $19.9 million sale of Tiger Point Pavilion, a 66,279-square-foot shopping center anchored by Publix in the Pensacola-area community of Gulf Breeze. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, a joint venture between MAB American and DRA Advisors. ExchangeRight was the buyer. Completed in 2018, the 98 percent-leased center is home to tenants including Aspen Dental, AT&T, Dickey’s Barbeque, Great Clips and Select Physical Therapy. With an attached drive-thru pharmacy, Publix Supermarkets and the adjacent liquor …

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1824 Hillhurst Ave property
CaliforniaFaris Lee InvestmentsInvestment salesNews

Faris Lee Arranges $2.9 Million Sale of Retail Property in Los Angeles’ Los Feliz Neighborhood

by Julia Sanders

Los Angeles — Faris Lee Investments has arranged the sale of a freestanding retail building located at 1824 Hillhurst Ave. in the Los Feliz neighborhood of Los Angeles. The asset sold for $2.9 million. The names of the seller and buyer were not released. Situated at the intersection of Hillhurst and Russell avenues, the property features a private parking lot and patio space. Tyler Strauss and Jeff Conover of Faris Lee Investments represented the seller in the deal. The property was formerly occupied by Ample Hills Creamery, which closed its …

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Restoration Hardware
GeorgiaInvestment salesNews

JLL Arranges $50 Million Sale of Restoration Hardware-Leased Property in Atlanta’s Buckhead District

by Julia Sanders

Atlanta — JLL Capital Markets has arranged the $50 million sale of a 63,831-square-foot store in Atlanta’s Buckhead district leased on a long-term basis to Restoration Hardware. Jim Hamilton, Coler Yoakam, Brad Buchanan and Andrew Kahn of JLL represented the seller, a partnership between an affiliate of LaSalle’s Income & Growth value-add fund series, Ferncroft Capital, Redan Group and Blackmount Real Estate Partners. Restoration Hardware has occupied the five-story building since it was constructed in 2014. The property is located on 1.6 acres at 3030 Peachtree Road across the street …

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Shoppes at Cross Keys
Investment salesMissouriNews

First National Realty Partners Acquires 339,464-Square-Foot Shopping Center in Suburban St. Louis

by Julia Sanders

Florissant, MO. — First National Realty Partners has acquired The Shoppes at Cross Keys in Florissant, a northern suburb of St. Louis. The 339,464-square-foot shopping center is 93 percent occupied and features a 63,094-square-foot Schnucks and a 98,133-square-foot Home Depot. The seller and sales price were undisclosed.

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High North
DevelopmentNewsOhio

Direct Retail Partners to Begin Redevelopment of Shops at Worthington Place Mall in Suburban Columbus

by Julia Sanders

Worthington, Ohio — Direct Retail Partners has received the final zoning approval to begin construction on Phase I of the redevelopment of the Shops at Worthington Place in Worthington, a northern suburb of Columbus. The project, known as High North, will transform the shopping mall into a mixed-use development, anchored by a 125,000-square-foot Class A office building. Five floors of office space will sit atop four levels of structured parking. The first floor will be surrounded by a WiFi-enabled public courtyard. Dining and grocery options like Panera Bread, First Watch, …

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The Shoppes at Sherbrooke
FloridaInvestment salesNews

CRC Acquires LA Fitness-Anchored Shopping Center in Palm Beach County for $11.3 Million

by Julia Sanders

Lake Worth, Fla. — Continental Realty Corp. (CRC) has acquired The Shoppes at Sherbrooke, a 57,901-square-foot, LA Fitness-anchored shopping center located 15 miles from downtown West Palm Beach in Lake Worth. Kirk Olson and Drew Kristol of Marcus & Millichap’s Miami office represented the undisclosed seller in the $11.3 million deal. The Shoppes at Sherbrooke was purchased via Continental Realty Fund V LP, a $210.8 million private equity fund focused on acquiring value-add retail and multifamily properties in the Mid-Atlantic and Southeast regions. The eight-acre site includes a nearly one-acre …

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Sugarcreek Plaza
Investment salesNewsOhio

Cooper Commercial Arranges $7.5 Million Sale of Sugarcreek Plaza in Dayton, Ohio

by Julia Sanders

Dayton, Ohio — Cooper Commercial Investment Group has arranged the sale of Sugarcreek Plaza, a 70,000-square-foot retail center located at 6140-6148 Wilmington Pike in Dayton. The center is fully leased to tenants including buybuyBABY, Bed Bath & Beyond, Planet Fitness and Affordable Uniforms. Dan Cooper of Cooper Commercial represented the seller, Boca Raton, Florida-based PEBB, in the disposition of the property to Pinnacle Leasing & Management for $7.5 million.

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Dragon Donuts
DevelopmentLeasingNewsOhio

Four New Tenants Open at Easton Town Center in Columbus

by Julia Sanders

Columbus, Ohio — Four new tenants have opened within the latest $500 million expansion of Easton Town Center, a 1,300-acre mixed-use project by The Georgetown Co., L Brands and Steiner + Associates in Columbus. New tenants include Pins Mechanical Co, Dragon Donuts, Slurping Turtle and LemonShark Poké & Makai Grill. Pins Mechanical Co. has opened in a 38,000-square-foot, two-story space. The entertainment concept offers three full-service bars; a mezzanine level with stadium seating; 16 bowling lanes; over 60 pinball and arcade games; bocce ball; and bubble hockey. Dragon Donuts has …

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Company newsNew YorkNews

Seritage Growth Properties Announces Promotions, Organizational Restructuring

by Julia Sanders

New York City — Seritage Growth Properties has announced a number of key promotions, including Mary Rottler to the role of chief operating officer. Rottler previously served as the company’s executive vice president of leasing and operations. In her new role, Rottler will be responsible for leasing, operations, tenant coordination and retail development. Andrew Galvin has been named chief investment officer. Galvin previously served as executive vice president of investments. In his new role, Galvin will be responsible for all transactions, asset management and capital allocation. Eric Dinenberg has been …

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