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DevelopmentEntertainmentNew JerseyNewsRetailers

Triple Five Group Launches 180,000-Square-Foot Big Snow Slope at American Dream in New Jersey

by Alex Tostado

East Rutherford, N.J. — Triple Five Group has opened Big Snow, a 180,000-square-foot indoor snow slope within its American Dream entertainment and retail destination in East Rutherford, a western suburb of New York City. The 16-story vertical slope offers indoor skiing, snowboarding, sledding and other snow activities year-round. The facility will produce 4.4 tons of snow per hour, which will be kept at a constant temperature of 28 degrees with an average depth of 2 feet. Triple Five opened American Dream in late October with a Nickelodeon Universe theme park …

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DevelopmentNewsRetailersSouth Carolina

CBL Properties to Redevelop Coastal Grand Retail Center in Myrtle Beach

by Alex Tostado

Myrtle Beach, S.C. — CBL Properties will redevelop Coastal Grand in Myrtle Beach. As part of the redevelopment, CBL will relocate Dick’s Sporting Goods, which will include Golf Galaxy, to a building near Dillard’s and a new 53,000-square-foot Flip N Fly that will occupy Dick’s Sporting Goods’ current space. Flip N Fly will bring a trampoline park as well as other family attractions to Coastal Grand. Construction on the new DICK’s Sporting Goods/Golf Galaxy store will begin in early 2020. More information about a grand opening date will be announced …

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Investment salesNewsRetailersTexas

Dunhill Partners Sells 150,007-Square-Foot Retail Center in Metro Dallas

by Alex Tostado

Little Elm, Texas — Dunhill Partners Inc. has sold Little Elm Towne Crossing, a 150,007-square-foot center in Little Elm. The property is located at 2700 E. Eldorado Parkway, 30 miles north of downtown Dallas. Hobby Lobby and Dollar Tree anchor the property, which was built in 2007 and was 95 percent leased at the time of sale. Other tenants include 24 Hour Fitness, Studio 720 Salon, The Draft House, Hibbett Sports, Monarch Dental, Great Clips, Planet Tan, Choice of India Groceries and Baylor Institute for Rehab. Aaron Johnson, Barry Brown, Chris …

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Investment salesNewsRetailersTexas

JLL Negotiates Sale of 63,231-Square-Foot Retail Property in Amarillo, Texas

by Alex Tostado

Amarillo, Texas — JLL has negotiated a 63,231-square-foot retail property in Amarillo. The property sits on 5.1 acres and formerly housed a grocer. Michael Meaden of JLL represented the sellers, MAL Enterprises Inc. and Super Market Developers Inc., in the transaction. Zach Ballenger of CBRE represented the buyer, STORE Capital.

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GeorgiaInvestment salesNewsRetailers

Franklin Street Arranges $7.7 Million Sale of Shops at Hamilton Mill Near Atlanta

by Alex Tostado

Dacula, Ga. — Franklin Street has arranged the $7.7 million sale of Shops at Hamilton Mill, a 43,458-square-foot retail center in Dacula. The property was 84 percent leased at the time of sale to tenants including Wild Wing Café, J. Christopher’s, Iron Wok, Nails by Tori and Karate Atlanta Hamilton Mill. The center is located at 3523 Braselton Highway, 40 miles northeast of downtown Atlanta. Bryan Belk and John Tennant of Franklin Street represented the seller, Fairway Investments, in the transaction. The buyer was M&P Properties.

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DevelopmentEntertainmentNewsPennsylvaniaRetailers

Cliffs Climbing + Fitness to Open 40,000-Square-Foot Facility in Philadelphia on Dec. 7

by Alex Tostado

Philadelphia — Cliffs Climbing + Fitness will open a 40,000-square-foot climbing and fitness facility called in Philadelphia on Saturday, Dec. 7. The Cliffs at Callow Hill will be located in a single-tenant warehouse at 1010 Callowhill St. and will offer climbing walls with classes and clinics for all skill levels, plus a private yoga studio and a full-scale fitness center. The facility was built by Caledonia Builders Inc. and the climbing walls were built by Walltopia. Michael Gorman and Stephen Carrozza of Metro Commercial Real Estate represented Cliffs in the …

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DevelopmentGrocery-anchoredNewsRetailersSouth Carolina

Publix Opens GreenWise Market in Lexington, South Carolina

by Alex Tostado

Lexington, S.C. — Publix Super Markets Inc. has opened a GreenWise Market store within Lexington Marketplace in Lexington. The new 20,400-square-foot grocery store is located at 5336 Sunset Blvd., 10 miles west of downtown Columbia. TSCG announced in April that Publix’s organic brand would be moving into the shopping center. This is second location for GreenWise in South Carolina. The 156,000-square-foot Lexington Marketplace is 94 percent leased to tenants including Hobby Lobby, Ulta Beauty, Brain Balance Achievement Centers, Fit Body Boot Camp, Smoothie King, MOD Pizza, Aiden Lane Boutique and Code Ninjas. …

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FinanceIndianaInvestment salesNewsRetailers

Cohen Financial Arranges $10.7 Million Acquisition Loan for Shopping Center in Indiana

by Alex Tostado

Newburgh, Ind. — Cohen Financial, a division of SunTrust Bank, has arranged a $10.7 million loan for the acquisition of Bell Oaks in Newburgh, a suburb of Evansville. Schnucks grocery store anchors the 95,000-square-foot shopping center. Dan Rosenberg and Matt Terpstra of Cohen arranged the 10-year, fixed-rate loan with Goldman Sachs. Midland Atlantic Properties was the borrower.

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Investment salesMinnesotaNewsRetailers

Cooper Group Brokers $2.1 Million Sale of Retail Property in Minnesota

by Alex Tostado

Inner Grove Heights, Minn. — The Cooper Commercial Investment Group has brokered the $2.1 million sale of Inner Grove Market II, an 8,955-square-foot retail property in Inner Grove Heights, about 20 miles southeast of Minneapolis. Caribou Coffee anchors the building, constructed in 2005. Bob Havasi and Dan Cooper of Cooper Group represented the seller, an East Coast-based private investment group. A North Dakota-based private investment group purchased the asset at a cap rate of 7.28 percent.

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DevelopmentLouisianaMallsNewsRetailers

Owner of Metro New Orleans Mall to Start $100 Million Redevelopment, Adding Office Space and Apartments

by Alex Tostado

Metairie, La. — The Richards family, the longtime owner and operator of Clearview Shopping Center in Metairie, has unveiled plans to transform the 700,000-square-foot regional mall into a mixed-use destination. Located at 4436 Veterans Memorial Blvd., the new Clearview City Center sits on a 35-acre site approximately six miles northwest of downtown New Orleans. The $100 million project will add a hotel, 260 upscale apartments, open-air restaurants with rooftop seating, 100,000 square feet of office space and green space for outdoor events and concerts. “This is what the next-generation consumer …

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