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Manvel Town Center
DevelopmentNewsTexas

Weitzman Breaks Ground on Phase I of 273-Acre Mixed-Use Project in Suburban Houston

by Julia Sanders

Manvel, Texas — Weitzman has broken ground on Phase I of Manvel Town Center, a 273-acre mixed-use project that will be located at the intersection of State Highways 288 and 6 in Manvel, a southern suburb of Houston. The centerpiece of the initial phase of construction is a 100,000-square-foot H-E-B grocery store that will include a fuel station and a car wash. The store is expected to open late next summer. All told, the development will consist of more than 1 million square feet of retail, entertainment, hospitality, medical and …

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Berkert's Park
DevelopmentNewsWashington DC

Foulger-Pratt Opens Beckert’s Park Mixed-Use Project in D.C.’s Capitol Hill District

by Julia Sanders

Washington, D.C. — Developer Foulger-Pratt has opened Beckert’s Park, a 2.8-acre mixed-use project featuring 325 apartments and a new 60,000-square-foot Safeway grocery store, in the Capitol Hill neighborhood of Washington, D.C. Located at the corner of 14th Street and D Street SE, the development has replaced a parking lot and existing Safeway store that stood on the site for nearly 50 years. Foulger-Pratt worked with architecture firm BKV Group to create a design for the Beckert’s Park project. The building is a single structure that includes residential units, the upgraded …

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KentuckyLeasingNews

NAI Isaac Arranges Leases for Marshalls, Five Below in Glasgow, Kentucky

by Julia Sanders

Glasgow, Ky. — NAI Isaac has arranged leases for Marshalls and Five Below at Barren River Plaza shopping center in Glasgow. Paul Ray Smith and Jim Kemper of NAI Isaac assisted the landlord, Barren River Project LLC, in the lease transactions. Kevin Schrieiber and Kevin Mayhugh with The Shopping Center Group represented Marshalls. Michael Anderson with CBRE and Tereasa Edwards with Cushman & Wakefield represented Five Below. Both stores are scheduled to open in spring 2022. Barren River Plaza is a 350,000-square-foot shopping center anchored by Ruler Foods by Kroger, …

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Camp Hill
Investment salesNewsPennsylvania

Institutional Property Advisors Arranges $90 Million Sale of Camp Hill Shopping Center Near Harrisburg, Pennsylvania

by Julia Sanders

Camp Hill, Pa. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $90 million sale of Camp Hill Shopping Center. The property is located at 3301 Trindle Road in the borough of Camp Hill, roughly three miles outside Harrisburg. The 430,198-square-foot center was 96 percent leased at the time of sale to tenants including Giant Food Markets, Boscov’s Department Store, Staples, Five Below, Barnes & Noble and LA Fitness. Brad Nathanson of IPA represented the seller, Cedar Realty Trust (NYSE: CDR), and identified the buyer, …

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Centennial Plaza
ConnecticutInvestment salesNews

DealPoint Merrill Acquires 158,000-Square-Foot Retail Power Center in Meriden, Connecticut

by Julia Sanders

Meriden, Conn. — DealPoint Merrill has acquired Centennial Plaza, a 158,000-square-foot retail power center in Meriden, located in the southern-central part of the state. The seller was not disclosed. Joe French and Kodi Traver of Marcus & Millichap brokered the deal in conjunction with David Frank of DealPoint Merrill. The new ownership plans to upgrade the 11-acre property with a $5.2 million renovation.

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16000 Pines Market
FinanceFloridaNews

Thorofare Capital Provides $43.7 Million Financing for 16000 Pines Market Retail Development in South Florida

by Julia Sanders

Pembroke Pines, Fla. — Thorofare Capital Inc. has provided $43.7 million in senior mortgage financing to an entity managed by Miami-based Terra for 16000 Pines Market, a 135,000-square-foot mixed-use development nearing completion in Pembroke Pines. Keith Kurland, Jackson Sastri and Ian Hawk of Walker & Dunlop arranged the financing. Terra will utilize the loan proceeds to finish construction, capitalize tenant improvements/leasing commissions and carry the project until it’s stabilized. The first phase of construction for 16000 Pines Market was completed earlier this year, with construction of Phase II now underway …

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At Home
LeasingMarylandNews

Heritage Partners Signs At Home to 96,446-Square-Foot Lease in Woodmore Towne Centre in Glenarden, Maryland

by Julia Sanders

Glenarden, MD. — Heritage Partners has leased a space formerly occupied by JC Penney at Woodmore Towne Centre in Glenarden to At Home, a home decor retail chain based in Plano, Texas. At Home will fully occupy the 96,446-square-foot space, initially taking possession early 2021 and opening this summer. At Home currently operates 227 stores in 40 states. Woodmore Towne Centre is a 245-acre mixed-use property with retail tenants such as Best Buy, Wegmans and Nordstrom Rack. In the summer of 2020, the JC Penney at Woodmore Towne Centre closed, …

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Naked Farmer
FloridaLeasingNews

Organic Food Restaurant Naked Farmer to Open Two Locations in South Florida

by Julia Sanders

Miami and Tampa, Fla. — Organic food restaurant Naked Farmer is set to open two new locations in Southern Florida. The restaurant signed a 1,900-square-foot lease at 137 Giralda Ave. in downtown Coral Gables; and a second 1,900-square-foot lease at Water Street in downtown Tampa. The farm-to-table concept opened its flagship location in Florida last June and plans to expand to an additional 15 to 20 locations throughout the state over the next three to four years. JLL’s retail advisory team oversaw the new lease signings and will continue to …

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Company newsNew YorkNews

ShopOne Names Michael Makinen Chief Operating Officer

by Julia Sanders

New York, N.Y. — ShopOne Centers REIT Inc. has appointed Michael Makinen to the position of chief operating officer. In his new position, Makinen will be responsible for overseeing the New York City-based company’s operations and financial performance, including the execution of its strategic priorities. He will report to ShopOne’s Chief Executive Officer, John Roche. “We are very pleased to further enhance our management team with such a distinguished REIT executive as Michael,” says Roche. “His strong understanding of retail real estate landscape will be an asset to our organization …

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Barrett Bradley
CaliforniaCompany newsNews

Newmark Merrill Cos. Hires Barret Bradley as Vice President of Acquisitions and Development

by Julia Sanders

San Diego, Calif. — Newmark Merrill Cos. has hired Barret Bradley as vice president of acquisitions and development for the company’s San Diego division. In his new role, Bradley will be responsible for sourcing and overseeing the acquisition of existing retail properties, in addition to identifying and managing new development projects within San Diego County, South Orange County and South Riverside County. Prior to joining Newmark Merrill, Bradley worked on the development and acquisitions team at CenterCal Properties.

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