News

Company newsNewsRetailers

Parent Company of Kay, Zales, Jared to Close 150 Jewelry Stores

by Alex Tostado

Hamilton, Bermuda — Signet Jewelers (NYSE: SIG), which owns jewelry retailers Kay, Zales and Jared, will close approximately 150 North American stores after the 2019 holiday shopping season, the company said in its latest earnings report. These store closings follow Signet’s previous shuttering of 262 stores, most of them in North America, and are part of a larger downsizing program that will reduce the Bermuda-based retailer’s total store count by 13 percent over a three-year period. According to the earnings report, Signet’s same-store sales declined by 2 percent during the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Cushman & Wakefield Arranges Sale of 79,739-Square-Foot Shopping Center in Metro Dallas

by Alex Tostado

Plano, Texas — Cushman & Wakefield has arranged the sale of Preston Creek Shopping Center, a 79,730-square-foot shopping center in Plano. The property, which is located 25 miles north of downtown Dallas, was built in 2006 by the seller, ASG Realty. Tenants of the unanchored shopping center include Pei Wei Asian Diner, Modern Market, Cowboy Chicken, Cristina’s Fine Mexican Restaurant, Turkish Café and II Brothers Grill & Bar. Chris Harden, Kris Von Hohn and Ryan Duffie of Cushman & Wakefield and Samer Keilani and James Hankins of ACR Realty represented the …

Continue Reading
0 FacebookTwitterLinkedinEmail
GeorgiaInvestment salesNewsRetailers

Cole Credit Property Trust Sells 62,719-Square-Foot LA Fitness-Anchored Retail Center in Metro Atlanta

by Alex Tostado

Douglasville, Ga. — Cole Credit Property Trust IV Inc. has sold Village at Chapel Hill, a 62,719-square-foot, LA Fitness-anchored retail center in Douglasville, Georgia, 20 miles west of downtown Atlanta. The center was built in 2009 and was 97 percent leased at the time of the sale. The property is shadow-anchored by ALDI and includes other tenants such as Yogli Mogli, One Main Financial, Chapel Hill Dentistry and Blue Agave Mexican Restaurant. Jim Hamilton, Brad Buchanan, Mike Allison and Andrew Kahn of HFF represented the seller in the transaction. LBX …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRestaurantsWisconsin

Quantum Arranges $2.8 Million Sale of Popeyes-Occupied Property in Fitchburg, Wisconsin

by Alex Tostado

Fitchburg, Wis. — Quantum Real Estate Advisors Inc. has arranged the $2.8 million sale of a Popeyes-occupied property in Fitchburg, Wisconsin, just south of Madison. The 4,442-square-foot building is located at 2844 Fish Hatchery Road. Popeyes has approximately 20 years left on its lease. Chad Firsel and Zack Hilgendorf of Quantum negotiated the transaction. A private buyer based in Seattle purchased the property from a Chicago-based developer.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentNewsRetailers

Donahue Schriber Launches $120 Million Expansion at Del Mar Highlands Town Center in San Diego

by Alex Tostado

San Diego — Donahue Schriber has announced a $120 million expansion at Del Mar Highlands Town Center, a mixed-use property located at 12925 El Camino Real in San Diego. The expansion will bring the development to more than 400,000 square feet of retail, dining and entertainment space. The expansion — to be known as The Collection at Del Mar Highlands Town Center — will bring an additional 120,000 square feet of space, offering 40 new retailers, restaurants, fitness studios and new spaces to work, play and lounge. As part of …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesMixed-useNewsRetailers

Mast Capital Acquires Mixed-Use Shopping Center in South Florida for $43 Million

by Alex Tostado

Fort Lauderdale, Fla. — Mast Capital has acquired The Quay, a 73,000-square-foot mixed-use shopping center in Fort Lauderdale, Florida. The Quay sits on seven acres along South 17th Street near the Stranahan River, three miles south of downtown Fort Lauderdale. The property was fully leased at the time of the sale to tenants including Boatyard Restaurant, the United States Postal Service and Chipotle Mexican Grill. The property also includes a two-story office building and Boathouse of Fort Lauderdale marina. Hudson Capital Group Inc. sold The Quay. CIT Bank provided acquisition …

Continue Reading
0 FacebookTwitterLinkedinEmail
GeorgiaInvestment salesNewsRetailers

Cushman & Wakefield Arranges Sale of 199,594-Square-Foot Retail Center in Metro Atlanta

by Alex Tostado

Suwanee, Ga. — Cushman & Wakefield has arranged the sale of Brookwood Marketplace, a 199,594-square-foot retail center in Suwanee, Georgia, shadow-anchored by Super Target. The property is located at 2615-2635 Peachtree Parkway, 34 miles north of downtown Atlanta in Gwinnett County. Brookwood Marketplace was 98 percent leased at the time of the sale to tenants including The Home Depot, Bed Bath & Beyond and OfficeMax. Fain Hicks and Mark Gilbert of Cushman & Wakefield represented the seller, Weingarten Realty, in the transaction. A private individual acquired the center for an …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

Marcus & Millichap Arranges Sale of Two Multi-Tenant Retail Pads in Rialto, California

by Alex Tostado

Rialto, Calif. — Marcus & Millichap has negotiated the sale of two multi-tenant retail pads at Rialto Marketplace, located at 1276 Riverside Ave. in Rialto. Scott Hook of Marcus & Millichap arranged the sale. Terms of the transaction were not released. Recently developed by Newmark Merrill Cos., the buildings total 25,567 square feet. Tenants include Starbucks Coffee, GNC, Wingstop, Pieology Pizzeria and T-Mobile. Walmart Supercenter is the anchor tenant for Rialto Marketplace.

Continue Reading
0 FacebookTwitterLinkedinEmail
GeorgiaGrocery-anchoredInvestment salesNewsNorth Carolina

Branch Properties Acquires Two Grocery-Anchored Shopping Centers for $57 Million

by Alex Tostado

Roswell, Ga. and Leland, N.C. — Branch Properties has acquired two grocery-anchored shopping centers in the Southeast. The first, Roswell Market Place, is a 95,522-square-foot shopping center anchored by Sprouts Farmers Market. Branch Properties bought the asset for $32 million. The center, which is located at 10800 Alpharetta Highway, 24 miles north of downtown Atlanta, was built in 1986 and renovated two years ago. Roswell Market Place was 88 percent leased at the time of the sale. The second property is Waterford Village, a 108,249-square-foot shopping center anchored by Harris …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsRetailersVirginia

Federal Realty to Redevelop 90,000-Square-Foot Shopping Center in Northern Virginia

by Alex Tostado

Springfield, Va. — Federal Realty Investment Trust has unveiled plans to redevelop Old Keene Mill, a 90,000-square-foot shopping center in Springfield, Virginia. Whole Foods Market, Planet Fitness and Walgreens anchor the center, which is situated at the corner of Old Keene Mill and Rolling roads 16 miles southwest of downtown Washington, D.C. Redevelopment plans include the addition of an outdoor fireplace, communal village design, new landscapes, wide sidewalks and new façade and signage. Completion is expected before Thanksgiving.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts