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Whole-Foods-Savannah
GeorgiaInvestment salesNews

Rothenberg-Rosenfield Acquires Whole Foods-Anchored Shopping Center in Savannah for $24.7 Million

by Katie Sloan

Savannah, Ga. — Rothenberg-Rosenfield Inc. (RRI) has acquired Victory Station, a 64,164-square foot, Whole Foods-anchored shopping center situated at the corner of Harry S. Truman Parkway and Victory Drive in Savannah. RRI purchased the property from Clarion Partners for $24.7 million. Jim Hamilton and Brad Buchanan of JLL Capital Markets represented the seller.  Built in 2013, Victory Station is currently 96 percent leased with only one available space. The Whole Foods Market is the retailer’s only location in Savannah and one of only two specialty grocery stores in the entire …

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Fifth-Broadway-Project_Nashville
DevelopmentNewsTennessee

Brookfield Properties Opens Retail, Dining Portion of Fifth + Broadway in Downtown Nashville

by Katie Sloan

Nashville, Tenn. — Brookfield Properties has opened the retail and dining component of Fifth + Broadway, a six-acre mixed-use project in downtown Nashville. Brookfield and local developer Pat Emery partnered on the development.  Designed by Gresham Smith and Gensler, the newly opened portion of Fifth + Broadway features 200,000 square feet of restaurants and retail space, along with parking garages that hold 2,145 cars. Retail tenants include Nash Collection, REVV, Ariat, Ray-Ban, Free People, The Dry House, Veseo Lingerie & Swimwear, Molly Green and others. Restaurant tenants include Hattie B’s …

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Towne-North-Shopping-Center_Irving
Investment salesNewsTexas

Disney Investment Group Arranges Sale of 124,289-Square-Foot Towne North Shopping Center in Irving, Texas

by Katie Sloan

Irving, Tx. — Retail brokerage firm Disney Investment Group has arranged the sale of Towne North, a 124,289-square-foot shopping center in Irving. Ethnic grocer El Rancho Supermercado anchors the property, which was 97 percent leased at the time of sale. David Disney and Adam Crockett of Disney Investment Group represented the seller, an affiliate of Dallas-based Nayeb Group, which sold the property to an out-of-state private equity firm. 

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Company newsNew YorkNews

RCS Real Estate Advisors Facilitates Agreement Between Premium Brands, Simon Property Group

by Katie Sloan

New York City — New York City-based RCS Real Estate Advisors has facilitated an agreement between Premium Brands, the owner and operator of Ann Taylor and Lane Bryant, and Simon Property Group to keep all Ann Taylor, LOFT, and Lane Bryant stores located at Simon properties open. Related to this agreement, a filing was made with the bankruptcy court on February 18 to assume the leases involved and Simon withdrew their objection to the confirmation of the company’s go-forward plan.

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Disney-Store
CaliforniaCompany newsNews

Disney to Close 60 Stores in North America, Shift Focus to E-Commerce

by Katie Sloan

Burbank, Calif. — Once a shopping mall mainstay, The Walt Disney Co. (NYSE: DIS) has announced plans to close at least 60 of its brick-and-mortar locations — or 30 percent — in the U.S. and Canada in a bid to shift its focus to e-commerce.  These closures are being described as the “beginning” of the company’s downsizing efforts, according to The New York Times, with a significant number of overseas stores also expected to close in 2021. The specific stores to be closed were not disclosed. Changing consumer behavior was cited as a catalyst …

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1207-E-Brandon-Blvd_ Brandon copy
DevelopmentFloridaNews

Automotive Retailer to Open $30 Million Fulfillment Center, Dealership in Tampa Bay Area

by Katie Sloan

Brandon, Fla. — HGreg.com, a pre-owned automotive retailer, has expanded to a 10-acre property in the Tampa Bay Area. The retailer plans to open its new regional fulfillment center and dealership in Brandon this spring. Construction costs are estimated at more than $30 million. Located at 1207 E Brandon Blvd. in Hillsborough County, the new facility will feature a 42,000-square-foot building, a showroom and an inventory of more than 1,000 pre-owned vehicles. The new property will allow HGreg.com to expand its service offering, both digital and onsite, to car buyers throughout …

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Walgreens_Anchorage
AlaskaInvestment salesNews

Newmark Arranges $13 Million Sale of Walgreens Property in Anchorage, Alaska

by Katie Sloan

Anchorage, Alaska — Newmark has arranged the $13 million sale of a property net-leased to Walgreens in Anchorage. Matt Berres and Samer Khalil of Newmark represented the buyer, an undisclosed private investor from Los Angeles, in the sale of the 14,550-square-foot property. Deerfield Partners represented the undisclosed private seller in the transaction.

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EntertainmentFloridaNews

Merlin Entertainments, Hasbro to Build Peppa Pig Theme Park in Central Florida

by Katie Sloan

Winter Haven, Fla. — Merlin Entertainments and Hasbro have partnered to build the world’s first standalone Peppa Pig Theme Park. Situated within LEGOLAND Florida Resort in Winter Haven, the new park is expected to open in 2022. Merlin has an exclusive multi-territory licensing agreement with Hasbro, owner of the Peppa Pig brand, to build and operate the attractions, which are targeted at the preschool market. Peppa Pig Theme Park will feature multiple rides, interactive attractions, themed playscapes and water play areas with live daily shows. Ride and attraction details for the new …

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Grocery-Outlet_Victorville
CaliforniaGrocery-anchoredLeasingNews

BH Properties to Open 16,130-Square-Foot Grocery Outlet at Hi Desert Plaza in Victorville, California

by Katie Sloan

Victorville, Calif. —  BH Properties has signed a lease with Grocery Outlet for a 16,130 square-foot anchor space at Hi Desert Plaza in Victorville. Grocery Outlet is expected to open this summer and will join tenants including DD’s Discounts, Dollar Tree, Aaron’s, Goodwill and Bank of America at the 140,000-square-foot center. Brad Umansky and Paul Su of Progressive Real Estate Partners represented the landlord in the transaction. Townsand Cropsey and Garrett Colburn of SRS Real Estate Partners represented Grocery Outlet.      

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DevelopmentFloridaNews

Branch Properties, Merganser Enterprises to Develop Publix-Anchored Center in Milton, Florida 

by Katie Sloan

Milton, Fla. —  Branch Properties and Merganser Enterprises LLC are set to break ground on a Publix-anchored shopping center in Milton known as Merganser Commons at Dogwood Estates. The 66,921-square-foot shopping center is slated for completion in April 2022. The property will include a 46,811-square-foot Publix, two additional buildings totaling 20,110 square feet of retail space and a 1.3-acre outparcel with up to 7,500 square feet of retail space. Branch Properties and JLL’s Emily Miller are currently pre-leasing space at Merganser Commons.

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