Prosper, Texas — Younger Partners has purchased The Shops at Prosper Trail, a 96,948-square-foot shopping center located northeast of Dallas in Prosper. Shadow-anchored by Kroger, the property was 98 percent leased at the time of sale. Adam Howells of JLL represented the seller, MQ Development Co., in the transaction. Micah Ashford, Moody Younger and Kathy Permenter represented Younger Partners on an internal basis.
Chicago — Barstool Sports has opened a sports bar at 14 W. Hubbard St. in Chicago’s River North neighborhood. This is the first sports bar for Barstool Sports, which is a brand founded by Dave Portnoy and owned by Penn National Gaming. The 8,500-square-foot space, which was formerly home to Henry’s Swing Club, is owned by DynaProp Development Corp. Michael Weber and Ian Feinerman of @properties Commercial represented SBH Chi LLC, an entity affiliated with Stanton & Bowery Hospitality, which will operate the bar on behalf of Barstool Sports. Daniel …
Huntington Station, NY. — Federal Realty has announced plans for the $75 million redevelopment of Huntington Shopping Center, a 21-acre community shopping center in the Long Island community of Huntington Station. Enhancements to the center will include updated facades; reconstructed parking lots; new landscaping and walkways; the development of two pad sites; and the addition of outdoor seating areas. Whole Foods Market is also set to open as part of the redevelopment. The center is home to tenants including PetSmart, Ulta Beauty, Tilly’s and Michaels. All current tenants will remain …
Los Angeles — Weiss Development has completed the disposition of Brentwood Shopping Center, a retail property located at 11674-11690 San Vicente Blvd. in Los Angeles. Fields Holdings acquired the asset for $30 million in an off-market transaction. Tenants at the 14,789-square-foot center include Chipotle, Juice Crafters, Planet Beauty, Juan Juan Salon, Coffee Bean & Tea Leaf, Harry’s Wine and Spirits, Winston Pies and Claudio D’Italio. Bill Bauman and Kyle Miller represented the seller in the deal.
Robbinsdale, Minn. — KW Commercial has arranged the sale of Robin Center, a shopping center located roughly six miles outside Minneapolis in Robbinsdale. Dollar Tree, CVS/pharmacy and Car-X anchor the center, which is located at 4044-4152 Lakeland Ave. N. Matthew Klein of KW Commercial represented the buyer, Robin Center Partners LLC, in the transaction. Steven Nelson and Kyle Thompson of Hoyt Properties, along with Chet Masserano of Corporate Real Estate Brokers, represented the seller, an entity known as Robin Center LLP. The sales price was not disclosed.
Valley, Ala. — SRS’ Investment Properties Group has brokered the $4.5 million sale of Shops at Valley, a 28,000-square-foot shopping center in Valley. Boris Shilkrot of SRS represented the seller, OSCI Properties, in the transaction. The buyer, Prudent Growth Partners LLC, was self-represented in the transaction. The shopping center is shadow-anchored by Walmart Supercenter and fully occupied by tenants including Ace Hardware, Workout Anytime, H&R Block, T-Mobile and Advance America.
Hemet, Calif. — Progressive Real Estate Partners has negotiated the sale of a 3.3-acre commercial land parcel in Hemet. Sater Hemer LLC acquired the property from an undisclosed seller for $1.7 million. The buyer plans to develop a gas station, car wash and drive-thru restaurant on the site, which is located at the northeast corner of Florida and Soboba avenues. Neither a timeline nor specific development plans have been released. Chris Lindholm of Progressive Real Estate Partners represented both parties in the transaction.
Las Vegas — 3D Investments has purchased Tivoli Village, an open-air, mixed-use property located at 400 S. Rampart Blvd. in Las Vegas. Property and Building Corp. and IDB Group USA sold the center for $216 million. Built in 2009 and 2016, Tivoli Village features 669,406 square feet of Class A office, retail and restaurant space across 28 acres. Additionally, the property includes an 8.3-acre development parcel entitled for more than 300 residential units. Marlene Fujita Winkel of Cushman & Wakefield’s Las Vegas office represented the seller in the deal. Dave …
Panama City Beach, Fla. — St. Joe Co. has broken ground on Watersound West Bay Center, a 350,000-square-foot shopping center located in Panama City Beach. The project will include a mix of retail, restaurant, office and medical space. Site work on the project is underway, with vertical construction scheduled to begin in the fall. St. Joe Co. plans to build the project to feature golf cart and pedestrian connectivity. Other plans include mixed-use buildings with first floor shopping and dining options and second floor office space, as well as a …
Beaufort, S.C. — The Morgan Cos. has plans to develop Beaufort Station, a 200,000-square-foot shopping center in Beaufort. The firm acquired 31 acres for the project. The sales price and seller for the land were not disclosed. Construction is expected to start this quarter, with the project set for completion by the fall of 2023. The shopping center will be home to tenants including Hobby Lobby, Ross Dress for Less, Ulta Beauty and Old Navy. Zach Means of Divaris Real Estate Inc. represented The Morgan Cos. in the land transaction, …