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Publix-anchored Shopping Center
DevelopmentGeorgiaNews

Branch Properties, Carter to Develop 87,000-Square-Foot Publix-Anchored Shopping Center in Atlanta

by Julia Sanders

Atlanta, Ga. — A joint venture between Branch Properties and Carter is set to break ground on an 87,000-square-foot grocery-anchored shopping center in the Atlanta neighborhood of Summerhill. The center will be anchored by a 50,000-square-foot Publix Supermarket and will feature a two-level parking deck. Leasing at the development, which is scheduled for completion in fall 2022, is currently underway with roughly 37,000 square feet of space available for a variety of retail or service tenants. Carter is currently redeveloping the surrounding 19-block area into a hub for retail, dining, …

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Gateway 101
CaliforniaInvestment salesNews

JLL Arranges $53.2 Million Sale of Gateway 101 Retail Center in Metro San Francisco

by Julia Sanders

East Palo Alto, Calif. — JLL Capital Markets has arranged the $53.2 million sale of Gateway 101, a 92,110-square-foot retail center in East Palo Alto, roughly 30 miles outside San Francisco. The property is fully leased to Target and Nordstrom Rack, and opened in 2000 as part of a larger 430,000-square-foot retail center. Bryan Ley, Eric Kathrein and Tony Ensbury of JLL represented the seller, Regency Centers Corp., in the disposition of the property to an undisclosed private foreign investor.

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Panera
Company newsMissouriNews

Panera Bread Unveils New Restaurant Design Catered to Changing Post-Pandemic Consumer Needs

by Julia Sanders

St. Louis — Panera Bread has unveiled a new restaurant design featuring increased drive-thru and pick-up access, technological offerings including contactless meal pick-up and an updated dine-in experience in response to COVID-19. The company is the latest chain to announce a refreshed design adapted to the changing needs of consumers during the pandemic. The first next-generation Panera Bread is set to open in the St. Louis suburb of Ballwin this November and will include: • An open kitchen with ovens in full view of restaurant guests; • dual drive-thru and …

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Brick and Mortar
DevelopmentNewsTexas

Partnership Breaks Ground on Phase I of 138-Acre Mixed-Use Project in Kyle, Texas

by Julia Sanders

Kyle, Texas — A public-private partnership between Austin-based Momark Development, the City of Kyle and Cardinal MF LLC has broken ground on Phase I of The Brick and Mortar District, a 138-acre mixed-use project in Kyle, located south of Austin. The site is located within the 2,200-acre Plum Creek master-planned community. The 21-acre Phase I will comprise a 300-unit apartment building with 7,000 square feet of ground-floor retail, restaurant and coworking space, as well as two parks totaling 6.6 acres that will be connected by a walking trail with art …

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22 story retail tower
CaliforniaDevelopmentNews

Cisterra to Develop 22-Story Retail, Residential Tower in San Diego with Target as Anchor Tenant

by Julia Sanders

San Diego — San Diego-based Cisterra Development is developing Radian, a planned 255,000-square-foot retail and residential high-rise tower in the Ballpark District of San Diego’s East Village neighborhood. Located along G Street between 9th and 10th avenues, the 22-story tower will feature 241 apartments and ground-floor retail space, which a 36,000-square-foot Target will occupy. Project partners include San Diego-based Carrier Johnston + CULTURE as building architect, Gensler for interior design and Swinerton as the general contractor. ACORE Capital provided construction financing, which CBRE procured, while Berkadia arranged a private family …

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Shoppes at Hickory Hollow
Investment salesNewsTennessee

SRS Brokers $18 Million Sale of Kroger-Anchored Shopping Center in Metro Nashville

by Julia Sanders

Antioch, Tenn. — SRS Real Estate Partners has brokered the sale of the Shoppes at Hickory Hollow, a 144,469-square-foot, Kroger-anchored shopping center in Antioch. The sellers, Mishorim USA Inc., Park One USA Inc. and Gold Investments USA Inc., sold the property to an entity doing business as FNRP CV LLC for $18 million. The center is situated at 5319 Mount View Road next to Mount View and Bell roads in metro Nashville. Built in 1986 on approximately 12.9 acres, the center is roughly 97 percent leased to tenants such as …

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Retail property
ArizonaFaris Lee InvestmentsInvestment salesNews

Faris Lee Brokers $7.1 Million Sale of Two-Tenant Retail Property in Bullhead, Arizona

by Julia Sanders

Bullhead, Ariz. — Faris Lee Investments has arranged the sale of a 52,944-square-foot retail property located within City Square Shopping Center in Bullhead. An undisclosed seller sold the property for $7.1 million. The name of the buyer was not released. The transaction included Smart & Final Extra! and Ashley Homestore, both of which are triple-net lease tenants. Chris DePierro of Faris Lee represented the seller in the deal.

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Center at Hudson
Investment salesMassachusettsNews

JLL Arranges Sale of Center at Hudson Shopping Center in Metro Boston

by Julia Sanders

Hudson, Mass. — JLL Capital Markets has arranged the sale of Center at Hudson, an 85,000-square-foot shopping center anchored by Stop & Shop in Boston’s western suburb of Hudson. Nat Heald, Chris Angelone and Zach Nitsche of JLL represented the undisclosed seller in the transaction. The buyer, NNM Realty Trust, acquired the property for an undisclosed price. The center was 96 percent occupied at the time of sale by tenants including Expo Nails, The Paper Store, Sperry’s Liquors and Eye Care Center.

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Investment salesNewsTexas

SHOP Cos. Negotiates Sale of 30,697-Square-Foot Shops at Stonebrook in Frisco

by Julia Sanders

Frisco, Texas — SHOP Cos. has negotiated the sale of Shops at Stonebrook, a 30,697-square-foot retail center in Frisco. Built in 2017, the property houses tenants such as Ellie K Salon, Aura Nail Bar, The Salt Retreat, Pizzeria Alba, Maroc Hamam Spa and Fit Body Lab. The buyer and seller were not disclosed.

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River Crest Shopping Center
Investment salesLouisianaNews

SRS Brokers Sale of River Crest Shopping Center in Bossier City, Louisiana

by Julia Sanders

Bossier City, La. — SRS’ Investment Properties Group has brokered the sale of River Crest Shopping Center, a retail property located at 4970 Barksdale Blvd. in Bossier City. The 22,140-square-foot center was 74.5 percent occupied at the time of sale by tenants including Verizon, Smoothie King and Little Caesars. Aaron Johnson and Brad Gibbs of SRS represented the seller, Sealy River Crest I LLC, in the disposition of the property to Wen Jing Real Estate Inc. The purchase price was undisclosed.

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