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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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Nashville West
FinanceNevadaNewsTennessee

NorthMarq Secures Financing for Two Retail Properties in Tennessee, Nevada

by Julia Sanders

Nashville, Tenn. and Reno, Nev. — Ron Reese of NorthMarq has secured financing for two retail properties in Tennessee and Nevada through Genworth Financial. The first property, Nashville West Outparcels, consists of seven parcels with 14 buildings totaling 77,275 square feet. The property was refinanced for $21.5 million. Nashville West Outparcels is 93 percent leased to tenants including McDonalds, Firestone, Starbucks Coffee, Chipotle Mexican Grill, Outback Steakhouse and GameStop. The second retail property, Pavilions Retail Center in Reno, received a 20-year, $11.5 million financing. The 76,954-square-foot center is home to …

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Investment salesNewsTexas

CBRE Capital Markets Arranges $32 Million Financing for Town Center Colleyville in Metro Dallas

by Julia Sanders

Colleyville, Texas — CBRE Capital Markets has arranged $32 million in bridge financing for Town Center Colleyville, a 246,327-square-foot grocery-anchored shopping center located in the Dallas-Fort Worth suburb of Colleyville. Sterling Organization acquired the Market Street-anchored center in early 2020. Shaun Moothart, Dana Summers, Scott Lewis and Frank Piasta of CBRE Capital Markets originated and secured the financing on behalf of the owner through Rialto Capital. The loan will provide a three-year initial term, with two one-year extension options.

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Starbucks Coffee
IllinoisInvestment salesNews

Newcastle Properties Acquires 7,763-Square-Foot Retail Center in Suburban Chicago

by Julia Sanders

Elmhurst, Ill. — Newcastle Properties has acquired a 7,763-square-foot retail center in Elmhurst, a western suburb of Chicago. Built in 2016, the property is fully leased to Starbucks Coffee, Hand & Stone Massage, T-Mobile and Bentley’s Pet Stuff. The center is shadow-anchored by LA Fitness. Sean Devine of Newcastle sourced and managed the acquisition. Beth Sansiper and Jeff Gurian of Becker & Gurian represented Newcastle in the transaction. The seller and sales price were undisclosed.

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