Irvine, Calif. — TRADE Marketplace in Irvine has added three restaurants to its tenant mix including Champion’s Curry, SmörBurgers and Yomie Yogurt. Champion’s Curry opened earlier this year. The restaurant serves Chef Yoshikazu Tanaka’s spin on traditional curry recipes and related dishes. SmörBurgers — a restaurant concept by Chef Joe Youkhan serving hamburgers and fries inspired by international dishes — is set to open in June. Yomie Yogurt, which sells healthy yogurt, is also set to open this summer.
Lancaster, S.C. — JLL Capital Markets has arranged the $9.9 million sale of Lancer Center, a 178,626-square-foot super regional shopping center anchored by KJ’s Market in the Charlotte-area community of Lancaster. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. John Gavigan of JLL represented the new owner, Medalist Diversified REIT Inc., in securing a $6.6 million, five-year, fixed-rate acquisition loan through Cooperative Business Services. Lancer Center was constructed in 1983 and most recently renovated in 2013. The 97 percent-leased center is home to Big Lots!, Harbor Freight …
Orlando, Fla. — 6500 4R3G LLC has purchased a CVS/pharmacy in Orlando for $6.9 million. The property is approximately 13,000 square feet and is located at 7300 Curry Ford Road. David Stevens of Investment Properties Corp. negotiated the disposition on behalf of the seller, Arcostar LLC. Alexandros Pappas of Haute CRE LLC represented the buyer in the transaction.
Des Moines, Iowa — The Boulder Group has brokered the sale of a restaurant property occupied by Fazoli’s in Des Moines for $1.2 million. The 3,350-square-foot building is located at 3600 Merle Hay Road. Randy Blankstein and John Feeney of Boulder represented the seller, an undisclosed investment firm based in Texas, in the transaction. A Midwest-based investor was the buyer. Fazoli’s, an American fast-casual restaurant chain, has more than 10 years remaining on its lease.
Orlando, Fla. — InvenTrust Properties Corp. has unveiled plans to redevelop Suncrest Village, a 93,358-square-foot shopping center located at 10021-10115 University Blvd. in Orlando. Planned improvements to the center include replacement of the existing anchor building occupied by Publix with a larger prototype store to be constructed in the same location. Small-shop tenant facades at Suncrest Village will receive new paint, lighting, replacement of the mission tile roof, a new sign band on portions of the canopy, improved landscaping and green trellis areas with accent lighting. InvenTrust plans to employ …
Paintsville, Danville, Eastern and Girdler, Ky. — Marcus & Millichap has arranged the $5.6 million sale of a four-property Dollar General portfolio totaling 36,400 square feet. Darpan Patel, Dan Yozwiak and Matthew Johnson of Marcus & Millichap represented the seller, James Myers of Kentucky Lodging and Development, and secured the buyer, Harrimack Holdings Acquisitions LLC, in the transaction. Colby Haugness, also of Marcus & Millichap, assisted in closing the transaction. The portfolio includes four Dollar General locations throughout Kentucky. Properties are located at 1370 Euclid Ave. in Paintsville; 6595 Alum …
Springfield and Urbana, Ohio — A joint venture between Timber Development Corp. and Honey and Vinegar Realty has acquired two shopping centers located in Ohio. Acquisitions include Eastside Square, a 20,000-square-foot center shadow-anchored by a 205,000-square-foot Walmart Supercenter in Springfield, Ohio; and Urbana Commons, an 18,000-square-foot center shadow-anchored by a 185,000-square-foot Walmart Supercenter in Urbana, Ohio. Jack Cornell of SRS Real Estate Partners represented the seller in the transaction.
Plano, Texas — Los Angeles-based investment firm BH Properties has purchased Preston Shepard Place, a 361,780-square-foot shopping center in Plano. Originally built in 1995, the property houses tenants such as Marshalls, Burlington and Tuesday Morning. The 31-acre Shepard Preston Place was 55 percent leased at the time of sale. The seller and sales price were not disclosed.
Fort Collins, Colo. — A joint venture between McWhinney and Prism Places has purchased Foothills, a regional mall located on 63 acres at 215 Foothills Parkway in midtown Fort Collins. Totaling 662,000 square feet, the property includes a 128,000-square-foot Macy’s department store and originally opened as Foothills Fashion Mall in 1973. The acquisition includes all of the mall’s assets and buildings, with the exception of the parking structure and surface parking fields — which are owned by Foothills Metro District — and the Foothills Activity Center, which is owned by …
Cincinnati — Neyer Properties has purchased a nearly 400,000-square-foot commercial portfolio occupied by Watson’s in a sale-leaseback transaction. The purchase price was undisclosed. The four-building portfolio consists of three retail assets and one industrial property that are located in the Cincinnati, Florence, Dayton and St. Louis markets. The sale-leaseback will enable Watson’s to free up capital as it looks to expand in additional markets, according to Neyer. Keith Yearout of Newmark represented Watson’s, which is a pool, spa and furniture retailer based in Cincinnati.