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Manokeek Village Center
Investment salesMarylandNews

JLL Brokers $17.4 Million Sale of Manokeek Village Center in Metro D.C.

by Julia Sanders

Accokeek, MD. — JLL has brokered the $17.4 million sale of Manokeek Village Center, a 74,470-square-foot, grocery-anchored shopping center in the Washington, D.C., suburb of Accokeek. Bill Moylan, Jordan Lex and Daniel Naughton of JLL marketed the property on behalf of the seller, The JCR Cos. Evan Park of JLL arranged a 10-year, fixed-rate acquisition loan on behalf of the buyer, AmCap Necessity Retail Fund LLC. Completed in 2003, Manokeek Village Center is 96 percent leased to tenants including Giant, Starbucks Coffee and Advance Auto Parts. The site has a …

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Buzzed Bull Creamery
KentuckyLeasingNews

NAI Isaac Facilitates Retail Lease with Buzzed Bull Creamery in Lexington, Kentucky

by Julia Sanders

Lexington, KY. — NAI Isaac has facilitated a retail lease with Buzzed Bull Creamery at The Summit at Fritz Farm, a mixed-use development in Lexington. Zach Smith and Paul Ray Smith of NAI Isaac represented the tenant alongside Sherry Sanchez with RESOLUT RE. Samantha Merrell of Bayer Properties represented the landlord on an internal basis. Buzzed Bull Creamery is an ice cream and milkshake purveyor offering made-to-order alcoholic and non-alcoholic frozen desserts and coffee. The company’s new 940-square-foot shop is set to open this summer and will be situated at …

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CaliforniaCompany newsNews

American Eagle Outfitters to Open Nine Aerie, OFFLINE Locations in Westfield Shopping Centers

by Julia Sanders

Los Angeles — American Eagle Outfitters Inc. (AEO) has announced plans to open seven Aerie stores and two OFFLINE by Aerie locations at Unibail-Rodamco-Westfield centers during the second half of 2021. The new Aerie stores will open at Westfield Garden State Plaza in Paramus, New Jersey; Westfield Montgomery in Bethesda, Maryland; Westfield Old Orchard in Skokie, Illinois; Westfield Plaza Bonita in National City, California; Westfield Southcenter in Seattle; Westfield South Shore in Bay Shore, New York; and Westfield Valley Fair in San Jose, California. The locations at Westfield Garden State …

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DevelopmentNewsTexas

McLeod Sears Underway on Redevelopment of Former Kmart in Portland, Texas

by Julia Sanders

Portland, Texas — Houston-based McLeod Sears is underway on the redevelopment of an 83,000-square-foot former Kmart store in the Gulf Coast city of Portland. Construction will soon begin on pad sites for two tenants — Chick-fil-A and Autozone — that have committed to the new center, which is located near the Port of Corpus Christi. Z Construction is the general contractor for the project.

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Lido Marina Village
CaliforniaFinanceNews

George Smith Partners Arranges $45.6 Million Loan for Lido Marina Village in Newport Beach

by Julia Sanders

Newport Beach, Calif. — George Smith Partners has arranged $45.6 million in bridge financing on behalf of DJM Capital for the recapitalization of Lido Marina Village, a multi-block, waterfront retail and office property on Balboa Peninsula in Newport Beach. Lido Marina Village features 106,000 square feet of retail, restaurant and office space in 14 separate structures, including waterfront retail and restaurant space, as well as 47 boat slips. Current tenants include Nobu, Malibu Farm, Elysse Walker, LoveShakeFancy, Serena & Lily and Jenni Kayne. Steve Bram, David Pascale and Patrick O’Donnell …

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Cleeman Shopping Center
Investment salesNewsPennsylvania

Cleeman Realty Group Arranges the $4.8 Million Sale of Village Center in Tunkhannock, Pennsylvania

by Julia Sanders

Tunkhannock, Penn. — Cleeman Realty Group has arranged the $4.8 million off-market sale of Village Center Shopping Center in Tunkhannock. The 68,000-square-foot center is anchored by Weis supermarket and the local DMV. The property sits on 6.9 acres and was 93 percent occupied at the time of sale. Cleeman Realty Group represented the undisclosed buyer and seller in the transaction.

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Dollar General
Investment salesNewsOhio

Hanley Investment Group Arranges $3.1 Million Sale of Two Dollar General Properties in Windham and Bradner, Ohio

by Julia Sanders

Windham and Bradner, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant Dollar General properties in Windham and Bradner, Ohio, for a combined total of $3.1 million. Beau Velten, Jeff Lefko and Bill Asher of Hanley Investment Group, in conjunction with ParaSell Inc., represented the San Diego, California-based 1031 exchange buyer in both transactions. Doug Holtzman and Tori Nook of Anchor Cleveland represented the seller and developer of both properties, Zaremba Group. The Dollar General property in Windham is a freestanding, 10,566-square-foot Dollar General …

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IndianaInvestment salesNews

Marcus & Millichap Arranges $2.5 Million Sale of Raising Cane’s-Occupied Property in Indiana

by Julia Sanders

Mishawaka, Ind. — Marcus & Millichap has arranged the sale of a 3,320-square-foot restaurant property occupied by Raising Cane’s in Mishawaka for $2.5 million. The newly constructed, single-tenant building is located at 5212 N. Main St. and was the first Raising Cane’s to open in the Indiana market. Chris Lind, Mark Ruble, Zack House and Brennan Clegg of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company.

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LeasingNew YorkNews

Piazzetta Italian Kitchen & Bar to Open at 19,757-Square-Foot Retail Development in West Islip, New York

by Julia Sanders

West Islip, N.Y. — Piazzetta Italian Kitchen & Bar has signed a lease to open a 3,000-square-foot restaurant at a 19,757-square-foot retail center currently under development in the Long Island hamlet of West Islip. The center is located at 425 Union Blvd. and will house other tenants such as 7-Eleven and Brownstone Coffee. Christopher Mayor and Lawrence Densen of Island Associates Real Estate brokered the lease negotiations.

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Crossroads Mall
DevelopmentNebraskaNews

Lockwood, Century Development Underway on $553 Million Redevelopment of Crossroads Mall in Omaha

by Julia Sanders

Omaha, Neb. — Lockwood Development, Century Development and the City of Omaha are redeveloping Crossroads Mall in Omaha. Demolition of the mall is currently underway and is expected to be complete in May. Plans call for a mixed-use project spanning 40 acres with 350,000 square feet of retail and restaurants; 250 apartment units; up to 500,000 square feet of office space and senior living; a 150-room hotel; and 2.5 acres of public space. An existing Target store will remain in place. Project costs are estimated at $553 million. The city …

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