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Shops-Phillips-Circle_Lynchburg
Investment salesNewsRestaurantsVirginia

Cushman & Wakefield | Thalhimer Brokers $4.6 Million Sale of Retail Strip Center in Lynchburg, Virginia

by Hayden Spiess

Lynchburg, Va. — Cushman & Wakefield | Thalhimer has brokered the $4.6 million sale of Shops at Phillips Circle, a retail strip center located at 19399 Forest Road in Lynchburg. Built in 2018, the center was fully leased at the time of sale to tenants including Starbucks Coffee, East Coast Wings and Nothing Bundt Cakes. The Charles and Margaret Levin Family LP based in Washington, D.C., purchased the property from Riverbend Development. Catharine Spangler, John Pritzlaff and Jenny Stoner of Thalhimer represented the seller in the transaction.

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4700-N-12th-St-Phoenix-AZ
ArizonaInvestment salesMixed-useNewsRestaurants

Tortosa Sells Retail/Office Property in Phoenix for $4.4 Million

by Hayden Spiess

Phoenix — Tortosa LLC has completed the disposition of The Strip, a two-story retail and office building in Phoenix. 4700 Alliance LLC, a Seattle-based investment company, purchased the property, which was fully leased at the time of sale, for $4.4 million. The ground-floor space is leased to tenants including a craft beer and wine bar/restaurant, a craft coffee shop, a wine shop and café, a locally famous cake bakery and a soon-to-be completed speakeasy bar and co-working lounge. The second floor includes a salon, two architectural firms, a fitness tech …

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Cheesecake-Factory-Houston
Investment salesNewsPennsylvaniaRestaurants

Northmarq Brokers $7.1 Million Sale of Downtown Pittsburgh Restaurant Building

by Hayden Spiess

Pittsburgh — Northmarq has brokered the $7.1 million sale of a 13,575-square-foot restaurant building in downtown Pittsburgh. The freestanding building is located within the Southside Works development and is leased to The Cheesecake Factory, which has occupied the property since its original construction in 2004. Asher Wenig of Northmarq represented the buyer and seller — both of which are undisclosed New York-based firms — in the transaction.

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Investment salesNewsRestaurantsTexas

Weitzman Arranges Sale of 13,562-Square-Foot Retail Strip Center in Metro Dallas-Fort Worth

by Hayden Spiess

Denton, Texas — Weitzman has arranged the sale of a 13,562-square-foot retail strip center in the North Texas city of Denton. The center sits on 1.1 acres at 111 E. University Drive. Tenants include The UPS Store, Taqueria Monterrey and Sangam Indian Restaurant. A local investor sold the property to a California-based limited liability company for an undisclosed price, with both parties requesting anonymity. David Zoller of Weitzman brokered the deal.

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Shops-at-Upper-Kirby-Houston
LeasingNewsRestaurantsTexas

Houston Shopping Center Achieves 100 Percent Occupancy

by Hayden Spiess

Houston — The Shops at Arrive Upper Kirby, a 65,000-square-foot retail center located at 3300 Kirby Drive in Houston, has recently signed leases with two new tenants, bringing the center to 100 percent occupancy. Agenda Houston, an urban streetwear store, will lease 3,870 square feet of space; and Haii Keii, a Japanese restaurant, will occupy 2,878 square feet. Crystal Allen and Kim Bernick of Transwestern Real Estate Services (TRS) arranged the leases on behalf of the landlord, an entity doing business as CP5 Kirby Collection LLC, which acquired the property …

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Chicken-N-Pickle-Overland-Park-Kansas
NewsRestaurantsTexas

Chicken N Pickle to Open Restaurant, Entertainment Venue in Suburban Dallas

by Hayden Spiess

Allen, Texas — Chicken N Pickle, a Kansas City-based concept that combines dining with pickleball and other outdoor games, will open a restaurant and entertainment venue in the northeastern Dallas suburb of Allen. The tenant will open at The Farm, a 135-acre mixed-use development by JaRyCo, in late 2023. Chicken N Pickle also has locations in the Dallas-Fort Worth metros of Grand Prairie and Grapevine, as well as San Antonio, and has committed to a new space in Webster, a southwestern suburb of Houston.

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601-617-Mall-Ring-Circle-Henderson-NV
Investment salesNevadaNewsRestaurants

PEBB Enterprises Sells Galleria Pavilion Shopping Center in Henderson, Nevada for $22.5 Million

by Hayden Spiess

Henderson, Nev. — PEBB Enterprises has completed the sale of Galleria Pavilion, a shopping center located in Henderson, approximately 15 miles southeast of Las Vegas. Dong Koo Kim and Jong Ok Kim, trustees of the Dong Koo Kim and Jong Ok Kim Family Trust, acquired the property for $22.5 million. The 64,598-square-foot Galleria Pavilion is on an outparcel of Sunset Mall, a 1.1-million-square-foot retail center. At the time of sale, the property was 95 percent occupied by tenants including Buffalo Wild Wings, Panera Bread, Nothing Bundt Cakes, Aqua Tots and …

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12005-Central-Ave-Chino-CA
CaliforniaInvestment salesNewsRestaurants

SRS Real Estate Partners Negotiates Sale of Two Retail Properties in Chino, California

by Hayden Spiess

Chino, Calif. — SRS Real Estate Partners has arranged the sales of two single-tenant retail buildings that are outparcels to Country Fair Shopping Center, a 168,000-square-foot shopping center located in Chino. Separate California-based private investors acquired the assets from a Southern California-based private investor for a total of $6.2 million. Quick-service-restaurants Wienerschnitzel and Carl’s Jr. occupy the two buildings. Built in 1976, the 1,600-square-foot, Wienerschnitzel-occupied building sold for $2.4 million. The tenant has approximately seven years remaining on its corporate lease. Constructed in 2016, the 3,796-square-foot Carl’s Jr.-occupied property sold …

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1821-1871-S-San-Jacinto-Ave-San-Jacinto-CA
CaliforniaFaris Lee InvestmentsInvestment salesNewsRestaurants

Faris Lee Brokers $10.5 Million Sale of Two Retail Outparcel Buildings in San Jacinto, California

by Hayden Spiess

San Jacinto, Calif. — Faris Lee Investments has arranged the sale two outparcel retail buildings located in San Jacinto. A northern California-based buyer in a 1031 exchange acquired the properties from an undisclosed seller for $10.5 million. Jeff Conover and Scott DeYoung of Faris Lee Investments represented the seller, while Keegan & Coppin represented the buyer in the deal. The 14,883-square-foot property is home to tenants including GameStop, Great Clips, Wing Stop and T-Mobile.

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