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Retail-@-Hotel-Row_Denver
ColoradoInvestment salesNews

Hanley Investment Group Arranges $5.6 Million Sale of Starbucks-Anchored Retail Building in Denver  

by Katie Sloan

Denver — Hanley Investment Group has arranged the $5.6 million sale of Retail @ Hotel Row, a fully-leased, five-tenant retail building situated at 6991 N. Tower Road in Denver. Jeff Lefko and Bill Asher of Hanley Investment Group and ParaSell Inc. represented the seller, Wadsworth Development Group. The buyer, Kamby Real Estate, was represented by David, Hicks & Lampert Brokerage. Built in 2018, the 10,300-square-foot building is situated on 1.6 acres and is leased to Starbucks Coffee with a drive-thru, as well as Jersey Mike’s Subs, BurgerIM, Pho 92 Vietnamese restaurant and Jasmine Nails …

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Starbucks_Summersville
Investment salesNewsWest Virginia

Cooper Commercial Investment Group Facilitates $1.3 Million Sale of Starbucks in Summersville, West Virginia

by Katie Sloan

Summersville, W.V. —  Cooper Commercial Investment Group has facilitated the $1.3 million sale of a single-tenant building leased to Starbucks Coffee at 301 Merchants Walk in Summersville. Starbucks signed a 10-year lease with an option to terminate after five years if the sales threshold is not met. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investment group out of Indiana. The private Virginia-based buyer purchased the property for $1.3 million.  

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Sugarland Crossing_Sterling
LeasingNewsVirginia

Combined Properties Signs Leases With Three New Retailers at Sugarland Crossing in Sterling, Virginia

by Katie Sloan

Sterling, Va. — Combined Properties has signed three new tenants, including two anchor leases, at Sugarland Crossing shopping center in Sterling. The three tenants are JOANN Fabrics and Crafts, Lidl and Tropical Smoothie Café. Sugarland Crossing is located at the intersection of Route 7 and Community Plaza in Sterling, about 30 miles west of Washington, D.C. JOANN Fabrics and Crafts will open in a 35,000-square-foot space previously occupied by Home Vivant Furniture. Germany-based discount grocery chain Lidl has signed on to replace the former Shoppers Food Warehouse in a 26,114-square-foot space this spring. …

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Company newsMichiganNews

William Taubman Promoted to President, Chief Operating Officer of The Taubman Co.

by Katie Sloan

Bloomfield Hills, Mich. — William Taubman has been promoted to president of The Taubman Company Co. and will retain his role as chief operating officer. William Taubman will continue to report to Chairman and Chief Executive Officer Robert Taubman while leading the company’s development, center operations, leasing and strategic communications functions.  Prior to being named president, Taubman served as chief operating officer and as a member of the company’s board of directors. He has also held the positions of executive vice president and vice president of development and acquisitions since …

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The-Common-Houston
DevelopmentNewsTexas

Gulf Coast Commercial Unveils Plans for 38,000-Square-Foot Retail Redevelopment Project in Houston

by Katie Sloan

Houston — Gulf Coast Commercial Group has unveiled plans for The Common, a project that will redevelop a retail strip center in one of Houston’s Opportunity Zones into a 38,000-square-foot lifestyle hub. Houston-based Schooley Design is the architect of the project, which will feature multiple retail and restaurant concepts, as well as a central common area for events. Construction is scheduled to begin in March and to be complete in the fall.

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Perimeter-Marketplace-Shopping-Center_Dunwoody
DevelopmentGeorgiaLeasingNews

Branch Properties Signs New Retailers to Join Perimeter Marketplace in Dunwoody, Georgia

by Katie Sloan

Dunwoody, Ga. — Branch Properties has signed several new restaurants and healthcare tenants at Perimeter Marketplace in Dunwoody. The upcoming Publix-anchored development, located on Ashford-Dunwoody Road, is expected to open this October. The new tenants at Perimeter Marketplace will include burger chain BurgerFi, salad restaurant chain Chop’t, Panda Express, Aspen Dental, One Medical and First Watch, a daytime café. Perimeter Marketplace will also include a QuikTrip gas station. Upon completion, Perimeter Marketplace will feature 68,077 square feet of retail and restaurant space. In the summer of 2020, Publix signed on to occupy a 25,147-square-foot …

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Westfield-Shopping-Center
Investment salesKansasNews

Colliers Brokers Sale of 89,973-Square-Foot Shopping Center in Kansas City

by Katie Sloan

Kansas City, Kan. — Colliers Kansas City has brokered the sale of Westfield Shopping Center in Kansas City for an undisclosed price. The 89,973-square-foot shopping center is situated at the southwest corner of 80th Street and State Avenue. Tenants include CVS/pharmacy, Citi Trends, Save A Lot, Family Dollar, Reece Nichols, Metro PCS, Fantastic Sams and T-Mobile. Mark Arensberg and Mike Yeggy of Colliers represented the buyer, Chicago-based Newport Capital Partners. The acquisition marks the first investment in the Kansas City market for Newport. The seller was undisclosed.

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Stop-Shop-Watertown
Investment salesMassachusettsNews

Equity Industrial Buys Metro Boston Retail Building Leased to Stop & Shop for $35.5 Million

by Katie Sloan

Watertown, Mass. — Equity Industrial Partners has purchased a 69,000-square-foot retail building that is net leased to grocer Stop & Shop in Watertown, a western suburb of Boston. The sales price was $35.5 million. Stop & Shop has occupied the building for more than 25 years and recently extended its long-term lease. JLL represented the seller, a partnership between Winstanley Enterprises and Surrey Equities LLC, in the sale and procured Equity Industrial as the buyer.

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Grand-Forks-ND-OfficeMax
Investment salesNewsNorth Dakota

SRS Brokers $2.3 Million Sale of OfficeMax-Occupied Property in North Dakota

by Katie Sloan

Grand Forks, N.D. — SRS Real Estate Partners’ National Net Lease Group has brokered the $2.3 million sale of a single-tenant retail property occupied by OfficeMax in Grand Forks. The 23,500-square-foot building is located at 3225 30th Ave. Built in 1998, the property sits on 2.5 acres near the University of North Dakota and Columbia Mall. Joseph Simon of SRS represented the seller, a Madison, Wis.-based private investor. Simon also represented the buyer, an Oregon-based private investor completing a 1031 exchange.

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The-Grove-at-Shoal-Creek-Austin
DevelopmentNewsTexas

ARG Bull Creek Underway on 76-Acre Grove at Shoal Creek Mixed-Use Project in Austin

by Katie Sloan

Austin, Texas — Developer ARG Bull Creek Ltd. is underway on construction of The Grove at Shoal Creek, a 76-acre mixed-use project located at the intersection of 45th Street and Bull Creek Road in Austin. Master plans for the development call for 1,150 residential units in single-family and multifamily formats, 185,000 square feet of office space and 140,000 square feet of retail space. The developer is a joint venture between MileStone Community Builders, which is handling the residential portion of the project, and Castletop Capital, which is handling the mixed-use portion. …

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