Retailers

Marcus & Millichap Brokers $6.2 Million Sale of Johnstown Plaza Retail Center in Colorado

by Alex Tostado January 19, 2021

Johnstown, Colo. — Marcus & Millichap has arranged the sale of Johnstown Plaza, a shopping center located at 4914 Thompson Parkway in Johnstown. A private developer sold the asset to an undisclosed buyer for $6.2 million. Built in 2017, the property features 15,140 square feet of retail space. At the time of sale, the center was 100 percent occupied by Bad Daddy’s, Visionworks, Sprint, Berry Blendz, LUX NailBar and Honolulu Poke Bar. Ryan Bowlby and Drew Isaac of Marcus & Millichap represented the seller in the deal.

January 19, 2021

Florida Investment sales News Retailers

Midtown Opportunities Acquires Shops at Sunset Place in South Miami for $65.5M

by Alex Tostado January 18, 2021

South Miami, Fla. — Midtown Opportunities, a real estate investment fund based in Miami, has purchased The Shops at Sunset Place in South Miami for $65.5 million. The open-air lifestyle property features nearly 515,000 square feet of retail and office space leased to tenants such as AMC Theatres and LA Fitness. A partnership between Federal Realty Investment Trust, Grass River Property Co. and Comras Co. sold the mixed-used development after more than five years of ownership. Midtown Opportunities has retained Grass River to manage the asset. Federal Realty, Grass River …

January 18, 2021

Development Finance Mixed-use News Retailers Utah

Columbia Pacific Advisors Provides $31.1 Million Construction Loan for Development of Campus SLC in Salt Lake City

by Alex Tostado January 18, 2021

Salt Lake City — Columbia Pacific Advisors Bridge Lending, a subsidiary of Columbia Pacific Advisors, has provided a $31.1 million loan for the construction of Campus SLC, a 130,000-square-foot property that will feature anchors winter sports retailer Evo and rock climbing gym The Bouldering Project. The property will also feature local retailer L9 Sports, an art gallery, dining options, a skatepark and other recreational activities. Campus SLC will be situated at the former site of an industrial plant in Salt Lake City’s Granary district. Will Nelson of Columbia Pacific Advisors …

January 18, 2021

Florida Leasing News Retailers

Conn’s HomePlus to Open Two Stores in Metro Tampa

by Alex Tostado January 15, 2021

Tampa and Bradenton, Fla. — Conn’s HomePlus, a furniture, mattress and home appliances retailer, will open a store in Tampa’s Horizon Park shopping center and Bradenton’s Cortez Plaza on Feb. 5. The stores will combine to span more than 87,000 square feet. Horizon Park is located at 3908 W. Hillsborough Ave., six miles northeast of downtown Tampa. Cortez Plaza is situated at 4495 14th St. W., 43 miles south of downtown Tampa. Conn’s plans to host grand opening events at each store this spring. The Woodlands, Texas-based retailer operates 149 …

January 15, 2021

California Company news News Retailers

Petco Ends First Day of Trading 63 Percent Higher than IPO Price

by Alex Tostado January 15, 2021

San Diego — Petco ended its first day of trading on Nasdaq on Thursday at $29.40 per share, 63 percent higher than its initial public offering (IPO). The San Diego-based pet care retailer is trading under the stock symbol WOOF. Petco priced its IPO at $18 per share, and the stock price opened at $26 per share Thursday. Petco operates more than 1,500 stores in the United States, Puerto Rico and Mexico and sells food, toys and healthcare needs for a variety of pets. Additionally, more than 100 Petco locations …

January 15, 2021

Grocery-anchored Investment sales New Jersey News Retailers

Marcus & Millichap Arranges Sale of 138,445-Square-Foot Retail Property in Vineland, New Jersey

by Alex Tostado January 15, 2021

Vineland, N.J. — Marcus & Millichap has arranged the sale of Maintree Shopping Center, a 138,445-square-foot retail property located in the Southern New Jersey city of Vineland. The asset sold for $13.1 million. A 60,000-square-foot Acme grocery store anchors the property along with a Dollar Tree store. Kodi Traver, Joseph French Jr., Thomas Dalzell and Mark Taylor of Marcus & Millichap represented the seller, a private investor, in the transaction. Additional terms of sale were not disclosed.

January 15, 2021

Finance Illinois News Retailers

Aries Capital Arranges $3.4 Million Loan for Acquisition of Restaurant Building Occupied by Hampton Social in Chicago

by Alex Tostado January 15, 2021

Chicago — Aries Capital has arranged a $3.4 million loan for the acquisition of an 8,700-square-foot restaurant building located at 164 E. Grand Ave. in Chicago’s Streeterville neighborhood. The Hampton Social fully occupies the property. Neil Freeman and Brandon Perdeck of Aries arranged the five-year, fixed-rate loan on behalf of the borrower, Rüger Holding, which is a Germany-based real estate owner and developer. A local bank provided the loan, which features an interest rate under 4 percent, a 60 percent loan-to-value ratio and a 25-year amortization schedule. Chicago-based Parker Restaurant …

January 15, 2021

Grocery-anchored Investment sales New Jersey News Retailers

Sterling Organization Acquires 94,550-Square-Foot Grocery-Anchored Retail Center in Sewell, New Jersey

by Alex Tostado January 14, 2021

Sewell, N.J. — Sterling Organization, a Florida-based private equity firm, has acquired Mill Pond Village, a 94,550-square-foot, grocery-anchored retail center located in the Southern New Jersey community of Sewell. ShopRite is the anchor grocer at the center, which is located approximately 14 miles outside of Philadelphia. The seller was EDENS, a national retail development firm. Jim Galbally, Chris Munley and Colin Behr of JLL brokered the transaction. The property was 95 percent leased at the time of sale.

January 14, 2021

Leasing New Jersey News Retailers

R.J. Brunelli Arranges Four Retail Leases in New Jersey

by Alex Tostado January 14, 2021

Old Bridge, N.J. — R.J. Brunelli & Co. LLC has arranged four retail leases on behalf of Family Dollar, European Wax Center and Liberty Discount Furniture & Mattress. Family Dollar will move into an 11,878-square-foot space within Hawthorne Center in Hawthorne. Family Dollar will move into the space that sister chain Dollar Tree formerly occupied. Dollar Tree is moving across the property to a former Flaming Grill Buffett location. Family Dollar is expected to open in the third quarter of this year while Dollar Tree will open in the second …

January 14, 2021

Investment sales Missouri Net lease News Retailers

Block & Co. Acquires Net-Leased Restaurant Property in Liberty, Missouri

by Alex Tostado January 14, 2021

Liberty, Mo. — Block & Co. Inc. Realtors has acquired a 2,685-square-foot property occupied by Dickey’s Barbecue Pit in Liberty. The purchase price was undisclosed. The net-leased building is located at 600 S. 291 Highway, 15 miles northeast of downtown Kansas City. Block & Co. will serve as the property manager. David Block of Block & Co. internally represented the company in the purchase.

January 14, 2021

Newer Posts

Older Posts