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Sit n Sleep
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3.3 Million Sale of Sit ‘n Sleep Property in Fontana, California

by Julia Sanders

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.3 million sale of a single-tenant retail building occupied by Sit ‘n Sleep in Fontana. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Adler Realty Investments, in the transaction. The buyer, a private 1031 exchange investor based in the Inland Empire, purchased the property. The 8,400-square-foot Sit ‘n Sleep store is situated within Highland Village Shopping Center. The center is home to tenants including Sprouts Farmers Market, Jack in the Box, Raising …

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Coyo Taco
FloridaLeasingNews

Colliers Arranges Leases for Two Coyo Taco Locations in South Florida

by Julia Sanders

Miami and Fort Lauderdale, Fla. — Colliers has arranged two leases for restaurant Coyo Taco in downtown Fort Lauderdale and South Miami. Jenny Gefen of Colliers represented Coyo Taco in both transactions. In South Miami, the restaurant will be opening in a 3,819-square-foot freestanding building formerly occupied by Spring Chicken at 1514 S. Dixie Highway. Cushman & Wakefield represented the landlord in the transaction. In downtown Fort Lauderdale, Coyo Taco will also be opening in a 2,905-square-foot space formerly occupied by Suviche restaurant in Bank of America Plaza at 401 …

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Market Meadows
FinanceIllinoisNews

Associated Bank Provides $26.7 Million Acquisition Loan for Market Meadows Shopping Center in Suburban Chicago

by Julia Sanders

Naperville, Ill. — Associated Bank has provided a $26.7 million loan to Shorewood Development Group for the acquisition and revitalization of Market Meadows Shopping Center, a 148,700-square-foot, multi-tenant retail property located at 1201 S. Naper Blvd. in the Western Chicago suburb of Naperville. Tenants at the center include Jewel, US Bank, McDonald’s and T-Mobile. New leases have been signed for the property with Chipotle Mexican Grill, BMO, Jersey Mike’s, Big Blue Swim School and Delta Life Fitness. Daniel Barrins of Associated Bank’s Commercial Real Estate group handled loan arrangements and …

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CaliforniaInvestment salesNews

Eastern Real Estate, Atlas Capital Group Acquire 466,000-Square-Foot Eagle Rock Plaza in Los Angeles

by Julia Sanders

Los Angeles, Calif. — Eastern Real Estate and Atlas Capital Group have acquired Eagle Rock Plaza, a 466,000-square-foot regional shopping center located in the Eagle Rock neighborhood of Los Angeles, for an undisclosed price. The center is anchored by Target, Macy’s, Seafood City and Fitness 19. Bill Bauman and Kyle Miller of Newmark represented the undisclosed seller in the transaction.

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ConnecticutDevelopmentNews

Floor & Décor to Open 100,000-Square-Foot Store in Fairfield, Connecticut

by Julia Sanders

Fairfield, Conn. — Atlanta-based home improvement retailer Floor & Décor will open its 100,000-square-foot warehouse store and design center in Fairfield, located in the southern-coastal part of the state, on Monday, June 21. About 50 full- and part-time associates will work at the store, which is located at 300 Tunxis Hill Road. Brian Katz of retail brokerage firm Katz & Associates represented the retailer in its site selection and negotiations for the new store, which is one of two Floor & Décor outlets set to come online in Connecticut this …

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2618 Kings Ave
Investment salesMontanaNews

Wood Investments Acquires 67,000-Square-Foot Vacant Retail Building in Billings, Montana

by Julia Sanders

Billings, Mont. — Wood Investments Cos. has purchased a vacant retail building situated on 5.19 acres at 2618 King Ave. West in Billings. Wilson-Taylor Partnership sold the property for $4.6 million. Formerly occupied by Big Bear Sports Center, the building features 67,000 square feet of retail space. By the close of escrow, Wood Investments had secured leases with HomeGoods, Sierra Trading Post and Petco to occupy the multi-tenant building. Wood Investments will redevelop the building to comply with tenant specifications, as well as implement capital improvements and upgrades to the …

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Chauncey Lane
ArizonaInvestment salesNews

Cushman & Wakefield Brokers $17.4 Million Sale of Chauncey Lane Marketplace Mixed-Use Property in Scottsdale

by Julia Sanders

Scottsdale, Ariz. — Cushman & Wakefield has arranged the sale of Chauncey Lane Marketplace, a mixed-use development in north Scottsdale. Los Angeles-based Ronal LLC acquired the asset from Chauncey Retail Partners for $17.4 million. Located at 17757 and 17767 N. Scottsdale Road, the property features 34,963 square feet of office and retail space. Current tenants include a breakfast diner, cocktail lounge, salon/spa, financial advisory offices, a law firm, residential development firm and a dental practice. The property was developed in 2019. Eric Wichterman and Mike Coover of Cushman & Wakefield …

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Rancho Car Wash
CaliforniaInvestment salesNews

Progressive Real Estate Negotiates $6 Million Sale of Rancho Car Wash Property in Temecula, California

by Julia Sanders

Temecula, Calif. — Progressive Real Estate Partners has arranged the sale of a Rancho Car Wash-occupied retail asset located at 27378 Jefferson Ave. in Temecula. The property traded hands for $6 million. Victor Buendia of Progressive Real Estate Partners represented the buyer and seller, both of which are Los Angeles County-based private investors, in the transaction. Established in 1988, Rancho Car Wash offers full-service hand car washes, auto detailing services and an oil and lube center. The transaction included both the business and real estate and the buyer plans to …

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Walgreens
FloridaInvestment salesNews

Limestone, Orion Real Estate Acquire 27-Property Walgreens Portfolio for $133 Million

by Julia Sanders

Miami, Fla. — A joint venture between Miami-based Limestone Asset Management and Orion Real Estate Group has acquired a 27-property Walgreens portfolio for $133 million. Wells Fargo provided financing for the acquisition, which was led by Kevin Sanz of Orion. Brian Pfohl and Maury Vanden Eykel of CBRE Inc. represented the seller in the transaction. Further details on the Walgreens properties were not disclosed.

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Mixed use project in Charlotte
DevelopmentNewsNorth Carolina

Stream Realty, Durban Group to Develop 325,000-Square-Foot Mixed-Use Project in Charlotte’s South End

by Julia Sanders

Charlotte, N.C. — Stream Realty Partners and joint venture partner The Durban Group will develop a mixed-use project located at 2833 and 2905 Griffith St. in Charlotte. The 325,000-square-foot development will be situated on 1.7 acres adjacent to Suffolk Punch Brewing in the city’s South End submarket. Construction will start during the second quarter of 2022. The development will be a high-rise tower with office and retail space, according to the Charlotte Business Journal. Located on the Lynx New Bern station, the development will have its retail component anchored by …

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