Retailers

GeorgiaLeasingNewsRetailers

DD’s Discounts to Occupy 17,656 Square Feet Within Shopping Center in Metro Atlanta

by Alex Tostado

Doraville, Ga. — DD’s Discounts has signed a lease to occupy 17,656 square feet of space within Pinetree Plaza in Doraville. A timeline for the store opening was not disclosed. Halpern Enterprises Inc. has owned, leased and managed Pinetree Plaza for more than 60 years. The 206,496-square-foot shopping center is located at 5289 Buford Highway, 16 miles northeast of downtown Atlanta. Other tenants at the center include Supermercado Chicago, LanZhou Ramen, Bo Bo Garden Asian Cuisine, Dim Sum Heaven, Mango Mango and I-CE-NY. Pinetree Plaza is also home to Mundo Hispánico, …

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ArizonaInvestment salesNewsRetailers

B2 Holdings Acquires Target-Occupied Retail Property in Tempe for $14.4 Million

by Alex Tostado

Tempe, Ariz. — San Diego-based B2 Holdings has purchased a 10-acre property located at 1800 and 1818 E. Baseline Road in Tempe. A Florida-based seller sold the asset for $14.4 million. The property is located less than half-a-mile from US Route 60 and in proximity to Dobson Ranch and Arizona State University. At the time of sale, Target and US Bank leased portions of the site. Joseph Compagno of CBRE’s Net Lease Property Group in Phoenix represented the buyer and seller in the transaction.

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Company newsNewsRetailersTexas

At Home Reports 47.5 Percent Increase in Third-Quarter Sales, Up 21.5 Percent Year-to-Date

by Alex Tostado

Plano, Texas — At Home Group Inc. reported a 47.5 percent increase in net sales for its third fiscal quarter that ended Oct. 24 relative to its fiscal third quarter in 2019. At Home has now achieved 21.5 percent growth in net sales on a year-to-date basis. The Plano-based home improvement retailer also reported $47.1 million in net income for its third quarter, a substantial increase from the $14.6 million net loss posted in the third quarter of 2019. The company currently operates 219 stores in 40 states. In a …

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Investment salesNewsRetailersTexas

Henry S. Miller Arranges Sale of 24,833-Square-Foot Retail Building in Fort Worth, Texas

by Alex Tostado

Fort Worth, Texas — Henry S. Miller Brokerage has arranged the sale of a 24,833-square-foot retail building located at 2551 Ephriham Ave. in northwest Fort Worth. Shawn Ackerman of Henry S. Miller represented the seller, Fallas Borrower IV LLC, in the transaction. Troy Morgan of Structure Commercial represented the buyer, Savcorp Ltd., doing business as Savers Cost Plus Supermarket.

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IndianaInvestment salesNewsRetailers

Upland Brokers $1.2 Million Sale of PPG Paints-Occupied Property in Fort Wayne, Indiana

by Alex Tostado

Fort Wayne, Ind. — Upland Real Estate Group Inc. has brokered the sale of a 6,375-square-foot retail property occupied by PPG Paints in Fort Wayne for $1.2 million. PPG Paints, which supplies paints, coating and specialty materials, has approximately four years remaining on its lease. The company has operated at the location for more than 20 years. Keith Sturm, Amanda Leathers and Deb Vannelli of Upland represented the seller in the transaction. Buyer and seller information was undisclosed.

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Grocery-anchoredInvestment salesNewsOhioRetailers

First National Realty Partners Acquires Whole Foods-Anchored Center in Akron, Ohio

by Alex Tostado

Akron, Ohio — First National Realty Partners (FNRP) has acquired West Market Street Station in Akron. The Whole Foods Market-anchored shopping center is located at 1745 W. Market St. It spans 54,232 square feet and opened in September 2017. Other tenants at the fully leased center include lululemon, PetPeople, Orangetheory Fitness, Moe’s Southwest Grill, Great Clips and Salon Lofts. The seller, S.J. Collins Enterprises, sold the asset for an undisclosed price. This is the first Whole Foods within FNRP’s shopping center portfolio. Fain Hicks, Margaret Jones, Lane Breedlove, Evan Halkias …

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Company newsNewsRetailers

Retailers, Restaurants Adopt Different Techniques to Serve Customers Heading into 2021, Says Phillips Edison’s Emerging Trends Report

by Alex Tostado

Cincinnati — Retailers and restaurants have adopted new techniques for serving customers in the midst of a global pandemic, according to Phillips Edison & Co.’s (PECO) Emerging Trends report. PECO says the most intriguing storylines to watch heading into 2021 are the rise of ghost kitchens, “groceraunts” and drone delivery. The Cincinnati-based company released the report as part of ICSC’s virtual ReCon event in New York City. Ghost kitchens are kitchens that cook and prepare food for delivery-only. Some national brands such as Fatburger, Nathan’s Famous Hot Dogs, Shake Shack, …

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Grocery-anchoredInvestment salesMassachusettsNewsRetailers

Regency Centers Sells Retail Building Leased to Whole Foods in Swampscott, Massachusetts, for $19.2 Million

by Alex Tostado

Swampscott, Mass. — Regency Centers, a Florida-based shopping center REIT, has sold a 35,907-square-foot retail building leased to Whole Foods Market in Swampscott, about 30 miles northeast of Boston. The sales price was $19.2 million. Whole Foods has occupied the building, which sits on roughly five acres, for more than 15 years. Chris Angelone, Nat Heald and Eric Suffoletto of JLL represented Regency Centers in the transaction and procured the buyer, locally based investment firm Academy Hill Realty.

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EntertainmentLeasingNewsRetailersTexas

British Gaming Concept Electric Gamebox to Open at Grandscape in Metro Dallas

by Alex Tostado

The Colony, Texas — Electric Gamebox, a British entertainment concept centered on interactive gaming, will open a 4,000-square-foot venue at Grandscape, the 433-acre mixed-use destination in the northern Dallas suburb of The Colony. The venue, which is expected to open this month, will be Electric Gamebox’s first in the United States. Nebraska Furniture Mart is leading the development of the retail components of Grandscape.

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CaliforniaCompany newsNewsRetailersWisconsin

Sephora to Open 850 Locations Within Kohl’s Stores by 2023

by Alex Tostado

Menomonee Falls, Wis. and San Francisco — Sephora will debut at least 850 “Sephora at Kohl’s” locations within Kohl’s stores by 2023, the San Francisco-based cosmetic company announced. The locations will span 2,500 square feet and will typically be situated near the front of each Kohl’s. Sephora at Kohl’s shops will replace Kohl’s current in-store beauty assortment. Exterior signage at locations that feature the in-store shops will display both Kohl’s and Sephora branding. These locations will be selected based on existing Sephora store proximity, market opportunity and customer insights. Menomonee …

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