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Huntridge Theater
Investment salesNevadaNews

Dapper Cos. Acquires Historic Huntridge Theater in Downtown Las Vegas, Begins Renovation

by Julia Sanders

Las Vegas — Dapper Cos. has purchased the historic Huntridge Theater in Las Vegas for $4 million. The company plans to renovate the theater, which is on the National Register of Historic Places. The theater originally opened in 1944 and shuttered after nearly 60 years of operation on July 31, 2004. The property was originally operated by the Commonwealth Theater Company of Las Vegas and in 1951, was taken over by the Huntridge Theater Company of Las Vegas, partially owned by actresses Loretta Young and Irene Dunne.

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FloridaGrocery-anchoredInvestment salesNewsNorth Carolina

Westwood Financial Acquires Two Publix-Anchored Shopping Centers in Metro Charlotte, Orlando

by Julia Sanders

Highland Creek, N.C. and Ocoee, Fla. — Westwood Financial LLC has acquired Prosperity Village Square and Fountains West, two Publix-anchored shopping centers in the Southeast. Prosperity Village Square was developed in 2016 and is located in the Highland Creek suburb of Charlotte. Fountains West is a neighborhood center located in the western Orlando suburb of Ocoee, Fla. Westwood Financial acquired the centers in a single transaction from one undisclosed, private seller. CBRE acted as lead broker on the deal, the price of which was not disclosed. The Los Angeles-based investor …

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LeasingNewsTexas

Conn’s HomePlus Signs 40,000-Square-Foot Retail Lease at Capital Plaza in Austin

by Julia Sanders

Austin, Texas — Furniture and appliance retailer Conn’s HomePlus has signed a 40,000-square-foot retail lease at Capital Plaza, a shopping center located at the junction of IH-35 and Cameron Road in Austin. Matt Epple and Britt Morrison of Weitzman represented the undisclosed landlord in the lease negotiations. Sean Murphy of CLD Realty represented Conn’s HomePlus. Other tenants at the center include Target, Ross Dress for Less, Boot Barn, Foot Locker and Walgreens.

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Investment salesMassachusettsNews

SVN | Parsons Commercial Group Brokers $7 Million Sale of Massachusetts Retail Portfolio

by Julia Sanders

Boston — SVN | Parsons Commercial Group has brokered the $7 million sale of a portfolio of four retail buildings totaling 15,181 square feet in Massachusetts. Rockland Trust occupies each of the buildings, which are located at 40 Austin St. in Newton, 1290 Main St. in Waltham, 4 N. Main St. in Bellingham and 231 E. Central St. in Franklin. The buyer and seller were not disclosed. Marilyn Santiago of SVN | Parsons Commercial Group brokered the deal.

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North Charleston Navy Yard
DevelopmentNewsSouth Carolina

Jamestown, Private Developers Partner to Redevelop North Charleston Navy Yard

by Julia Sanders

North Charleston, S.C. — Jamestown, an Atlanta-based developer and owner of adaptive mixed-use developments around the world, has partnered with Southeast real estate developers William Cogswell and Jay Weaver to redevelop the 45-acre North Charleston Navy Yard. Decommissioned in 1996 but still home to dozens of companies, the waterfront campus will be reimagined into a 1.2 million-square-foot mixed-use neighborhood called Navy Yard Charleston. The project will add new office space, residences, shopping and dining to the nearby Park Circle neighborhood, as well as new green spaces, a concert hall and …

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The Crescent
Investment salesNewsTexas

Crescent Real Estate Re-Acquires 1.3 Million-Square-Foot Namesake Mixed-Use Building in Uptown Dallas

by Julia Sanders

Dallas — Fort Worth-based based investment and development firm Crescent Real Estate LLC has re-acquired The Crescent, a 1.3 million-square-foot mixed-use property in Uptown Dallas. The property was originally built in 1986 and consists of a luxury hotel, three office towers and retail/restaurant space. According to The Dallas Morning News, the sales price was upwards of $700 million. The 11-acre property was part of Crescent Real Estate’s initial public offering in 1994. After a later sale, Crescent Real Estate re-acquired the asset in 2009 in partnership with Barclays. This latest …

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CentrePoint
IdahoInvestment salesNews

Wood Investments Cos. Acquires CentrePoint Marketplace in Meridian, Idaho for $35 Million

by Julia Sanders

Meridian, Idaho — Wood Investment Cos. Inc. has acquired CentrePoint Marketplace 197,288-square-foot shopping center in Meridian, for $35 million. Built in 2007, CentrePoint Marketplace is located on 19.3 acres at 3319 N. Eagle Road at the intersection of East Ustick Road and Eagle Road. The property is fully leased to tenants including Kohl’s, Dick’s Sporting Goods, Walgreens, Qdoba Mexican Eats, Panera Bread and Wingers Restaurant & Alehouse. Chad Moore of Mountain West Commercial Real Estate represented Wood Investments Cos. in the acquisition of the center from Centrepoint Marketplace LLC, a …

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FinanceInvestment salesNew YorkNews

Progress Capital Arranges $15 Million Acquisition Loan for Harlem Development Site

by Julia Sanders

New York City — Progress Capital has arranged a $15 million acquisition loan for a development site located at 124-132 E. 125th St. in Harlem. The site is situated near public transit outlets and several recreational areas such as McNair Park, Alice Kornegay Triangle and Harlem Art Park. The borrower, locally based developer Maddd Equities, plans to construct a building of an undisclosed size that will feature retail and other types of commercial space. Brad Domenico of Progress Capital arranged the loan, terms of which included two years of interest-only …

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CaliforniaInvestment salesNews

Yosemite Properties Sells Whitmore Plaza Shopping Center in Ceres, California

by Julia Sanders

Ceres, Calif. — Yosemite Properties has completed sale of Whitmore Plaza, a shopping center located at 2517-2617 Mitchell Road and 2908-2920 E. Whitmore Ave. in Ceres. Save Mart Portfolio Owner NLP CA LLC acquired the center from Yosemite Properties for $18.4 million. Save Mart grocery store and Planet Fitness anchor the 115,396-square-foot property. Greg Aguirre of Capital Rivers Commercial and Jeff Lefko of Hanley Investment Group Real Estate Advisors represented the seller in the transaction.

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Investment salesNewsTexas

Strive Arranges the Sale of Virginia Commons in Metro Dallas

by Julia Sanders

McKinney, Texas — STRIVE has arranged the sale of Virginia Commons, a 13,878-square-foot retail strip center located in the Dallas suburb of McKinney. The property is situated on Virginia Parkway just west of U.S. Route 75. Hudson Lambert of STRIVE represented the seller, a North Texas investor, and cooperated with an outside broker to source the buyer, a local Dallas-area investor.

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