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Safeway-anchored retail center
Investment salesNewsWashington

CBRE Negotiates $25 Million Sale of Safeway-Anchored Retail Center Near University of Washington in Seattle

by Julia Sanders

Seattle — CBRE has arranged the sale of a 1.82-acre retail property located at 3020 NE 45th St. in Seattle’s University District. Albertsons Cos., parent company of Safeway, acquired the center for $25 million. The property is ground leased to Safeway, which has operated as a tenant at the site since 1976. Albertsons Cos. owns the surrounding 2.2 acres, with the transaction bringing its total holdings to more than 4 acres, creating one of the largest contiguous development sites in Seattle. The site is zoned for a range of uses, …

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The Farm at Allen
DevelopmentNewsTexas

JaRyCo Breaks Ground on 135-Acre Farm at Allen Mixed-Use Project in Metro Dallas

by Julia Sanders

Allen, Texas — JaRyCo has broken ground on The Farm at Allen, a 135-acre mixed-use project located at the southeast corner of the Sam Rayburn Tollway and Alma Drive in the northeastern Dallas suburb of Allen. The site was originally purchased by local resident Bob Johnson Sr. and his wife, Doris, in the 1960s and used for raising cattle and growing corn, wheat and hay. Plans for the project call for 1.6 million square feet of office space, 142,000 square feet of retail space, 60,000 square feet of restaurant space, …

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Park at Chandler
ArizonaInvestment salesNews

Grossman/Robson Associates Sells 111,532-Square-Foot Park at Chandler Shopping Center in Arizona

by Julia Sanders

Chandler, Ariz. — Arizona-based Grossman/Robson Associates, a 40-year partnership between Grossman Company Properties and East State Street LP, has completed the disposition of The Park at Chandler, a grocery-anchored shopping center in Chandler. An undisclosed buyer acquired the center for $12.4 million. Located at the southwest corner of Alma School Road and Chandler Boulevard, The Park at Chandler features 111,532 square feet of retail space. At the time of sale, the property was fully occupied. Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office represented the seller in …

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226 Harvard Ave.
Investment salesMassachusettsNews

Newmark Brokers $11.9 Million Sale of Retail, Medical Office Building in Boston

by Julia Sanders

Boston — Newmark has brokered the $11.9 million sale of a 27,930-square-foot retail and medical office building located at 226 Harvard Ave. in the Allston neighborhood of Boston. The property was 94 percent leased at the time of sale to Urban Outfitters, Steward Medical Group and Unleashed by Petco. Robert Griffin, Geoffrey Millerd, Frank Nelson, Michael Greeley, Jonathan Martin, Paul Penman, Mathew Adler, Christopher Huesgen and Coley Cannon of Newmark represented the seller, National Development, in the transaction. The team also procured the buyer, Charlotte-based investment firm Asana Partners.

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IllinoisInvestment salesNews

Marcus & Millichap Brokers $5.3 Million Sale of CVS-Occupied Property in Suburban Chicago

by Julia Sanders

Woodridge, Ill. — Marcus & Millichap has brokered the $5.3 million sale of a 13,100-square-foot property occupied by CVS/pharmacy in Woodridge, a southwest suburb of Chicago. The net-leased building is located at 8645 Woodward Ave. Matt Emerick, Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, a private investor based in Florida. The asset sold at 94 percent of the list price to an undisclosed buyer. CVS has over 10 years remaining on its lease.

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Rivana
DevelopmentNewsVirginia

Novais Partners, Hanover Co. Plan 4.4 Million-Square-Foot Mixed-Use Project in Metro D.C.

by Julia Sanders

Ashburn, Va. — A joint venture between Novais Partners and the Hanover Co. has announced plans for Rivana at Innovation Station, a 4.4 million-square-foot mixed-use development located 30 miles outside Washington, D.C., in Ashburn. The 103-acre, transit-oriented project will be developed adjacent to Loudoun County’s extension of the Metro Silver Line, one stop from Washington-Dulles International Airport. Current plans for the project include 2,000 multifamily units; 1.8 million square feet of Class A office space; a 185,000-square-foot retail village; a 265-room boutique hotel; and a network of green and public …

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At Home
DevelopmentNewsOklahoma

At Home Opens 117,552-Square-Foot Store at Plaza at Quail Springs in Oklahoma City

by Julia Sanders

Oklahoma City — Home furnishings retailer At Home has opened a 117,552-square-foot store at Plaza at Quail Springs, a shopping center in Oklahoma City. JAH Realty owns the center, which is located at 2201 NW 138th St. near Quail Springs Mall on the city’s north side. At Home is backfilling a space formerly occupied by three separate tenants. The company’s total store count now stands at 225.

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Huntridge Theater
Investment salesNevadaNews

Dapper Cos. Acquires Historic Huntridge Theater in Downtown Las Vegas, Begins Renovation

by Julia Sanders

Las Vegas — Dapper Cos. has purchased the historic Huntridge Theater in Las Vegas for $4 million. The company plans to renovate the theater, which is on the National Register of Historic Places. The theater originally opened in 1944 and shuttered after nearly 60 years of operation on July 31, 2004. The property was originally operated by the Commonwealth Theater Company of Las Vegas and in 1951, was taken over by the Huntridge Theater Company of Las Vegas, partially owned by actresses Loretta Young and Irene Dunne.

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FloridaGrocery-anchoredInvestment salesNewsNorth Carolina

Westwood Financial Acquires Two Publix-Anchored Shopping Centers in Metro Charlotte, Orlando

by Julia Sanders

Highland Creek, N.C. and Ocoee, Fla. — Westwood Financial LLC has acquired Prosperity Village Square and Fountains West, two Publix-anchored shopping centers in the Southeast. Prosperity Village Square was developed in 2016 and is located in the Highland Creek suburb of Charlotte. Fountains West is a neighborhood center located in the western Orlando suburb of Ocoee, Fla. Westwood Financial acquired the centers in a single transaction from one undisclosed, private seller. CBRE acted as lead broker on the deal, the price of which was not disclosed. The Los Angeles-based investor …

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LeasingNewsTexas

Conn’s HomePlus Signs 40,000-Square-Foot Retail Lease at Capital Plaza in Austin

by Julia Sanders

Austin, Texas — Furniture and appliance retailer Conn’s HomePlus has signed a 40,000-square-foot retail lease at Capital Plaza, a shopping center located at the junction of IH-35 and Cameron Road in Austin. Matt Epple and Britt Morrison of Weitzman represented the undisclosed landlord in the lease negotiations. Sean Murphy of CLD Realty represented Conn’s HomePlus. Other tenants at the center include Target, Ross Dress for Less, Boot Barn, Foot Locker and Walgreens.

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