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Bed Bath & Beyond
LeasingNew YorkNews

Bed Bath & Beyond Redesigns and Transforms Flagship Store in New York City

by Julia Sanders

Union, N.J. — Bed Bath & Beyond is reopening its flagship store in New York City after undergoing a complete transformation since last December to modernize the in-store shopping experience. The renovated 92,000-square-foot flagship, located at 620 6th Ave. in Chelsea, is an expression of the new Bed Bath & Beyond in the $180 billion home market. With open sightlines and improved layout, in-store digital shopping tools through the Bed Bath & Beyond mobile app and a collection of Owned Brands and national brands for every room of the home, …

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Athens West
GeorgiaInvestment salesNews

SRS Brokers Sale of 178,930-Square-Foot Shopping Center in Athens, Georgia

by Julia Sanders

Athens, Ga. — SRS has brokered the sale of Athens West, a 178,930-square-foot shopping center in Athens anchored by Big Lots, America’s Thrift, American Freight, BioLife and Citi Trends. SomeraRoad sold the property for $16 million to Trinity Apex LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller, and the buyer was self-represented in the transaction. Additional tenants at the property include Anytime Fitness, CiCi’s Pizza, Metro PCS, H&R Block, Direct Insurance and Domino’s Pizza.

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Planet Fitness
Investment salesNewsOhio

Next Realty Acquires 67,000-Square-Foot Retail Center in Cincinnati

by Julia Sanders

Cincinnati — An affiliate of Next Realty LLC has acquired the Kings Automall Shopping Center, a 67,000-square-foot retail center in Cincinnati. The property is home to tenants such as Planet Fitness, Mirage Restaurant, Play it Again Sports, Salon Concepts, Penn Station, LensCrafters, Samarkand Food Market, Kings Ford, Queens Nails and Your CBD Store. There is currently one 1,400-square-foot vacancy. The acquisition marks Next’s first purchase in Cincinnati. The seller and sales price were not disclosed.

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Investment salesMassachusettsNews

Horvath & Tremblay Negotiates $11 Million Sale of Metro Boston Retail Property Leased to Walgreens

by Julia Sanders

Woburn, Mass. — Horvath & Tremblay has negotiated the $11 million sale of a 10,646-square-foot, newly built retail property in the northern Boston suburb of Woburn. Walgreens occupies the property and has 14 years remaining on its lease. Peter Butler and Brendan Conway of Horvath & Tremblay represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Planet Fitness
ArizonaInvestment salesNews

Marcus & Millichap Arranges $4.8 Million Sale of Planet Fitness-Occupied Property in Tucson

by Julia Sanders

Tucson, Ariz. — Marcus & Millichap has brokered the sale of a 25,000-square-foot property occupied by Planet Fitness within Tucson Spectrum shopping center in Tucson. A limited liability company acquired the property from another limited liability company for $4.8 million. Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the transaction.

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Caliber Car Wash
FloridaInvestment salesNews

RealSource Arranges $4 Million Sale of Caliber Car Wash in Winter Park, Florida

by Julia Sanders

Winter Park, Fla. — RealSource Group has arranged the $4 million sale of a newly built, single-tenant property occupied by Caliber Car Wash at 6750 Aloma Ave. in Winter Park. Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, a developer based in Tampa, Florida, in the off-market transaction. Jeff Lefko of Hanley Investment Group represented the buyer, a private investor based in Southern California. The 3,000-square-foot Caliber Car Wash occupied the property under an absolute triple-net, 20-year lease.

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Wilson Sporting Goods
IllinoisLeasingNews

Wilson Sporting Goods Opens First Brick-and-Mortar Retail Location

by Julia Sanders

Chicago — Wilson Sporting Goods Co. has opened its first-ever retail location in its hometown of Chicago. Wilson plans to open additional flagship stores in New York, Los Angeles, Beijing and Shanghai in the coming months. The Chicago store opened in July 2021. The new 2,247-square-foot store is located at 932 N. Rush St. in Chicago’s Gold Coast neighborhood and will offer a curated assortment of sporting goods across many sport categories such as tennis, baseball, football, basketball and golf, as well as Wilson’s new athletic-lifestyle sportswear collection.

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Bronzetown
DevelopmentIllinoisNews

City of Chicago Approves $3.8 Billion Mixed-Use Project at Former Michael Reese Hospital Site

by Julia Sanders

Chicago — The Chicago City Council has given approval for the development of Bronzeville Lakefront, a $3.8 billion mixed-use project located in Bronzeville, a South Side neighborhood. Michael Reese Hospital and Medical Center, which closed in 2008, formerly occupied the 48-acre development site. The City of Chicago acquired the property in 2009 and cleared most of the land over the ensuing months. A team of local developers known as GRIT was selected to purchase the site for $96.9 million through a redevelopment agreement. GRIT comprises Farpoint Development, Loop Capital Management, …

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USQ
DevelopmentMassachusettsNews

Joint Venture Breaks Ground on $2 Billion USQ Mixed-Use Project in Metro Boston

by Julia Sanders

Somerville, Mass. — US2, a joint venture between Magellan Development, RAS Development LLC, Cypress Equity Investments and USAA Real Estate, has broken ground on a $2 billion mixed-use project known as USQ in Somerville, just northwest of Boston. The 15-acre, transit-oriented development is situated in the city’s historic Union Square neighborhood at the southeast corner of Somerville Avenue and Prospect Street. An official groundbreaking ceremony took place this morning. Totaling 2.4 million square feet, USQ has been in the making for decades, according to the development team. Plans call for …

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Dollar General
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $54.6 Million Sale of 35-Property Dollar General Portfolio

by Julia Sanders

Atlanta — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the $54.6 million sale of a portfolio of 35 Dollar General-leased stores across 12 states. Don McMinn of Taylor McMinn represented the seller, CMK Properties, a privately-held real estate investor and syndicator based in Brentwood, Tennessee. The buyer was Realty Income, a net lease REIT based in San Diego. Dollar General occupies each property under a triple-net lease with roughly 10 years remaining on each term. “This transaction illustrates the current peak demand for Dollar Generals in the market …

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