Marietta, Ga. — Five new tenants have signed leases at The Avenue West Cobb, a shopping center located in Marietta, roughly 20 miles northwest of downtown Atlanta. The Peach Cobbler Factory has opened a 1,400-square-foot restaurant at the property, with restaurant Le’ Zia scheduled to open later this month in a 9,580-square-foot space. Additionally, lifestyle brand J.Jill has signed a 3,840-square-foot lease and is scheduled to open this fall, along with Spirit Halloween, which will occupy 9,980 square feet at the center on a temporary basis. Jim ‘N Nick’s Community Bar-B-Q …
Marcus & Millichap Negotiates $9.6 Million Sale of 192nd Plaza Retail Property Near Portland, Oregon
Camas, Wash. — Marcus & Millichap has negotiated the sale of 192nd Plaza, a 34,923-square-foot retail property located in Camas, just across the Columbia River from Portland, Oregon. A limited liability company sold the property to local investors for $9.6 million. Built in 2010, the property was fully occupied by 11 tenants at the time of sale. Clayton Brown, Dylan Wolf and Ruthanne Loar of Marcus & Millichap represented the seller in the transaction.
Fairfield, Conn. — Cronheim Mortgage has arranged a $5.5 million loan for the refinancing of Fairfield Shopping Center, a 72,000-square-foot retail center located in Fairfield. Developed in 1955, the property was leased to tenants including Restoration Hardware Outlet, T-Mobile, The UPS Store, Village Bagels and HobbyTown USA at the time of financing. Andrew Stewart, Dev Morris and Allison Villamagna secured the loan through a portfolio lender on behalf of the borrower, Albert D. Phelps Inc.
Edison, N.J. — Sam Ash Properties Corp. has sold a 21,929-square-foot shopping center located in Edison for $5.5 million. Marc Shein and Robert DiLeo of NAI DiLeo-Bram & Co. represented the seller in the transaction. An undisclosed grocer acquired the property, with plans to establish a flagship location.
Millington, Tenn. — Quantum Real Estate Advisors has brokered the $2.6 million sale of a single-tenant property located in Millington. A California-based buyer acquired the property from a Southeast-based developer. Chipotle Mexican Grill occupies the building. Zack Hilgendorf and Nick Hilgendorf of Quantum represented the seller in the transaction.
Escondido, Calif. — Axiom Retail Advisors has arranged two leases totaling 20,128 square feet at a shopping center located in Escondido. The tenants, Dollar Tree and Big Blue Swim School, will occupy a former Big Lots property at the center, which is anchored by The Home Depot. Lea Clay Park and Stephanie Skrbin of Axiom represented the landlord, Red Mountain Retail Group, in the lease negotiations. Brian Pyke of Retail Insite represented Dollar Tree, and Andrew Shemirani of Flocke & Avoyer represented Big Blue Swim School. Red Mountain Retail Group acquired …
Brandon and Tamarac, Fla. — A joint venture between ShopOne Centers REIT, Pantheon and a global institutional investor has acquired two retail centers — Midway Plaza and Lithia Square — totaling 287,407 square feet in Florida. Located in Tamarac, Midway Plaza comprises 218,400 square feet. Publix anchors the property, which was 84 percent occupied at the time of sale. Walmart anchors Lithia Square, which spans 69,007 square feet in Brandon. The property was 79 percent occupied at the time of sale. This brings the joint venture’s portfolio to 1.8 million square …
Riverside, Calif. — Progressive Real Estate Partners has brokered the $3.6 million sale of a strip shopping center totaling 7,250 square feet in Riverside. The property was fully leased at the time of sale. Greg Bedell of Progressive represented the Los Angeles-based seller in the transaction. Girges Gad of Pacific Realty & Finance represented the buyer.
Houston — Great Big Game Show, a new interactive entertainment concept, will open within a 1,008-square-foot space at CITYCENTRE, a 47-acre mixed-use development in Houston. Developed by the creators of The Escape Game, the venue will offer visitors the opportunity to be contestants in a game show featuring challenges, questions and games. Scheduled to open this fall, the destination will be situated adjacent to an Escape Game facility. TriGate Capital is the landlord.
Atlanta — The City of Atlanta, through Atlanta Urban Development (AUD), has unveiled plans for a 1.7 million-square-foot mixed-use redevelopment of the Mall West End. BRP Cos. is the developer. Key elements of the Mall West End redevelopment plan include: approximately 120,000 square feet of retail space, including a grocery store, fitness center, food and beverage, and local boutiques; 893 mixed-income rental units; 152 beds of student housing; a 150-key hotel; 12,000 square feet of medical office space; and community amenities. The project site is located steps from four Historically Black …