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Short Pump Station
Investment salesNewsVirginia

Cushman & Wakefield Arranges $46.8 Million Sale of Trader Joe’s-Anchored Shopping Center in Richmond

by Julia Sanders

Richmond, Va. — Cushman & Wakefield has arranged the sale of Short Pump Station, a 91,369-square-foot, grocery-anchored shopping center in Richmond. Wafra Inc. purchased the property for $46.8 million. Located at 11800 West Broad St., Short Pump Station is situated about 15.4 miles from downtown Richmond and is close to Route 288 and Interstates 64 and 295. Trader Joe’s, Ulta Beauty and Petco anchor the center, which was 91 percent leased at the time of sale. John Owendoff of Cushman & Wakefield represented the sellers, a joint venture between BayNorth …

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Uptown Square
GeorgiaInvestment salesNews

Ackerman & Co. Purchases 71,839-Square-Foot Uptown Square in Metro Atlanta

by Julia Sanders

Fayetteville, Ga. — Ackerman & Co. has purchased Uptown Square, a 71,839-square-foot neighborhood retail center located roughly 22 miles south of downtown Atlanta in Fayetteville, for $8.4 million. Uptown Square was fully leased at the time of sale by tenants including Goodwill, Harbor Freight Tools, T-Mobile and The UPS Store. Ackerman & Co. was self-represented in the purchase. Craig Taylor of CBRE represented the seller, SunCap Real Estate Investments.

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KentuckyLeasingNews

Publix Enters Kentucky With 55,702-Square-Foot Lease at Terra Crossing Development in Louisville

by Julia Sanders

Louisville, Ky. — Publix Super Markets Inc. has signed a 55,702-square-foot lease at the Terra Crossing development located at the northwest corner of Terra Crossing Boulevard and Old Henry Road in Louisville. This location will be Publix’s first store in Kentucky. With the new Louisville location, Publix has over 1,280 stores in eight states across the Southeast and Mid-Atlantic. The Terra Crossing shopping center will soon be under construction. The 10-acre retail project will include the Publix and an additional 4,800 square feet of in-line retail space, as well as …

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IllinoisLeasingNews

Golf Simulation Facility to Open at Oak Brook Promenade in Suburban Chicago

by Julia Sanders

Oak Brook, Ill. — Game of Irons, a golf simulation facility, has leased 18,361 square feet at Oak Brook Promenade in Oak Brook, a western suburb of Chicago. Featuring 16 bays, Game of Irons will be the largest golf simulation facility in the Midwest when it opens in November. One to six players can play in each bay and enjoy full food and beverage service. Chris Irwin of Colliers International represented Game of Irons in its lease. Brendan Reedy and Jimmy Danahe of CBRE represented the landlord, Retail Properties of …

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DevelopmentMissouriNews

Cooper’s Hawk Winery & Restaurant to Build 10,000-Square-Foot Space at Shoppes of Mid Rivers in Suburban St. Louis

by Julia Sanders

St. Peters, Mo. — Cooper’s Hawk Winery & Restaurant has purchased a nearly two-acre site at The Shoppes of Mid Rivers in St. Peters, a northwest suburb of St. Louis. Construction is scheduled to begin immediately on the 10,000-square-foot restaurant and bar with a planned opening for next spring. This will be the third Missouri location for Downers Grove, Illinois-based Cooper’s Hawk. GBT Realty Corp. owns The Shoppes of Mid Rivers, which was completed in 2019. The 270,000-square-foot shopping center is now 95 percent leased to tenants such as Burlington, …

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LeasingNew JerseyNews

Oink & Moo BBQ and Burgers to Open Second Location in New Jersey

by Julia Sanders

Holmdel, N.J. — Somerset Development has signed a lease with Oink and Moo BBQ & Burgers at Bell Works in Holmdel, about 20 miles from New Brunswick. The Southern-inspired barbecue restaurant will open in October 2021. Oink and Moo will also offer a mobile app for delivery orders, which promises the food’s arrival within 20 minutes. The new Oink and location will also offer a selection of smoker grills, custom marinades, rubs and grill accessories.

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Meadow Central Market
DevelopmentNewsTexas

Weitzman to Redevelop 108,778-Square-Foot Grocery-Anchored Shopping Center in Dallas

by Julia Sanders

Dallas — Weitzman will redevelop Meadow Central Market, a 108,778-square-foot shopping center located at the intersection of North Central Expressway and Meadow Road in Dallas. A 29,121-square-foot Tom Thumb store anchors the center, which originally opened in the 1970s. The grocery store will receive new flooring, lighting and select food departments as part of the project. Other tenants include CVS/pharmacy, Edible Arrangements, The UPS Store and Sylvan Learning Center. Weitzman will upgrade the center’s façade, landscaping, signage and parking. Hodges & Associates is leading design of the project, which is …

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Queens Mixed Use
FinanceNew YorkNews

Emerald Creek Capital Provides $15 Million Bridge Loan for Mixed-Use Building in Queens

by Julia Sanders

New York City — Emerald Creek Capital has provided a $15 million first mortgage bridge loan for a 300,000-square-foot mixed-use building located in Queens. The property includes 22 floors of hotel space, 10 levels of medical office space and 50,000 square feet of retail and event space. The building also features 300 below-grade parking spaces. Dean Wang of Emerald Creek Capital originated the financing on behalf of the borrower, Fleet Financial Group.

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The Market at Willis Shopping Center
DevelopmentNewsTexas

Fidelis Breaks Ground on Phase I of Mixed-Use Development in Metro Houston

by Julia Sanders

Willis, Texas — Fidelis has broken ground on Phase I of The Market at Willis Shopping Center, located 48 miles north of Houston in Willis. Phase I of the project will be anchored by H-E-B and will include over 200,000 square feet of retail, restaurant and service space. The center is expected for completion in 2022. Phase II of the development is expected to break ground during the third quarter of 2022 and will include additional retail space, restaurants and a three-story, garden-style multifamily community offering 250 units. Fidelis began …

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University Village
FloridaInvestment salesNews

CBRE Arranges Sale of 60,223-Square-Foot University Village Shopping Center in Tampa Bay Area

by Julia Sanders

St. Petersburg, Fla. — CBRE has arranged the sale of University Village, a 60,223-square-foot shopping center in downtown St. Petersburg. Casey Rosen and Dennis Carson of CBRE represented the seller, an affiliate of Bell Partners Inc., which is based in Greensboro, North Carolina. Publix Super Markets purchased the center for an undisclosed price. Located at 250 Third St. S. and built in 2003, University Village is anchored by a Publix grocery store. Other tenants include CVS/pharmacy, Bank of America and seven other undisclosed retailers.

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