Retailers

ColoradoInvestment salesNewsRetailers

Marcus & Millichap Brokers $9.2 Million Purchase of Country Club Village Retail Property in Metro Denver

by Alex Tostado

Westminster, Colo. — Marcus & Millichap has brokered the sale of Country Club Village, a retail asset located at 2721 and 2821-2851 W. 120th Ave. in Westminster. A California-based private investor acquired the asset for $9.2 million. Tenants at the 33,091-square-foot property include Caribou Coffee Co., TCBY Yogurt, Ana’s Mexican Restaurant, Hana Matsuri Sushi and Gillett Veterinary Clinic. Ryan Bowlby of Marcus & Millichap’s Denver office represented the buyer in the deal. Phillip Gause, also of Marcus & Millichap, secured financing for the transaction. The financing features a fixed, long-term …

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GeorgiaInvestment salesNewsRetailers

Halpern Enterprises Acquires 133,310-Square-Foot Shopping Center in North Georgia

by Alex Tostado

Calhoun, Ga. — Halpern Enterprises has acquired Indian Hills, a 133,310-square-foot shopping center in Calhoun. Developed in 1998, Indian Hills’ current tenants include Chick-fil-A, Hibbett Sports, CATO, GNC, PT Solutions and Tractor Supply. Taco Bell and Captain D’s are located on separately owned parcels directly in front of the property. Indian Hills is located at 429 Ga. Highway 53, directly across from Mohawk Industries, which employs 3,400 people. The seller and sales price were not disclosed.

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FinanceFloridaInvestment salesNewsRetailers

JLL Arranges Sale, Financing for Retail Center in Orlando

by Alex Tostado

Orlando, Fla. — JLL has arranged the $8.5 million sale of Premium Shoppes at Lake Buena Vista, a 26,148-square-foot retail center in Orlando. The property was fully leased at the time of sale to tenants including Carrabba’s Italian Grill, Panera Bread, Verizon Wireless, Escape Room and Tropical Smoothie Café. Premium Shoppes is located at 8600 Vineland Ave., two miles from the entrance of Walt Disney World. Tarik Bateh, Carson Good (now with Good Capital Group), Jennifer Swanson, and Jennifer Ayers of JLL represented the seller, an affiliate of Orlando-based Intram …

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DevelopmentGrocery-anchoredNew YorkNewsRetailers

Wegmans to Open 74,000-Square-Foot Grocery Store in Brooklyn

by Alex Tostado

New York City — Wegmans Food Markets will open a 74,000-square-foot grocery store at the Brooklyn Navy Yard mixed-use development. The chain has garnered a cult following in the Northeast since it expanded from its original Rochester location in 1968 and now operates 100 stores, including 46 in New York. Eater New York reports that the new store will feature 350 varieties of cheese, a full-service bar and made-to-order meals at several hot and cold bars. The store is slated to open Sunday, Oct. 27.

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FeaturesIllinoisRestaurantsRetailersSCBlog

F&B Dominates Discussion at ICSC’s Chicago Deal Making

by Alex Tostado

Chicago — The food and beverage industry dominated much of the programming and sessions at this year’s Chicago Deal Making, hosted by the International Council of Shopping Centers (ICSC). In fact, the keynote speaker was Fabio Viviani, a celebrity chef and hospitality developer. Examples of other food-oriented workshops and panels included “How to Craft Restaurant Deals,” “From Automation to Ghost Kitchens, Understanding the Trends Reshaping F&B” and “Small Bites: New Restaurant Concepts.” The two-day ICSC event took place at Navy Pier on Wednesday and Thursday, Oct. 16-17. The show kicked …

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GeorgiaGrocery-anchoredInvestment salesNewsRetailers

JLL Negotiates Portfolio Sale of Publix-Anchored Shopping Centers in Metro Atlanta

by Alex Tostado

Acworth and Lithonia, Ga. — JLL has negotiated the sale of two Publix-anchored shopping centers near Atlanta: Publix at Acworth and Centre at Panola in Lithonia. Publix at Acworth is located at 3507 Baker Road in Acworth, 30 miles northwest of downtown Atlanta. The 69,628-square-foot center was 98 percent leased at the time of sale to tenants including CVS/pharmacy, WellStar, Domino’s Pizza, Coast Dental Services, Supercuts and Cricket Wireless. Centre at Panola is located at 3007 Panola Road, 15 miles east of downtown Atlanta. Centre at Panola was fully leased …

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FloridaGrocery-anchoredInvestment salesNewsRetailers

IPA Negotiates $17.5 Million Sale of Grocery-Anchored Center in Florida’s Space Coast

by Alex Tostado

Palm Bay, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $17.5 million sale of Palm Bay West, a 262,62-square-foot retail center in Palm Bay. Winn-Dixie anchors the property, which was 90 percent leased at the time of sale to tenants including Roses Discount Stores, NCG Cinema, Ollie’s Bargain Outlet, Planet Fitness and Dollar Tree. The property is located at 160 Malabar Road, 10 miles southwest of downtown Palm Bay. Kirk Olson and Drew Kristol of IPA represented the seller, an undisclosed New York …

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Investment salesNewsRetailersTexas

CSA Realty Negotiates Sale of 117,000-Square-Foot Shopping Center in North Austin

by Alex Tostado

Austin, Texas — CSA Realty Group has negotiated the sale of West Anderson Plaza, a 117,000-square-foot shopping center in north Austin. Tenants at the property include restaurants Bartlett’s, Hopdoddy Burger Bar and Jason’s Deli, as well as specialty retailers Precision Camera, Sun & Ski and Terra Toys. Grady Field and Andrew Creixell of CSA Realty Group represented the sellers in the transaction. Carr Development Inc. represented the buyers. Both sides requested anonymity.

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IllinoisInvestment salesNewsRetailers

IRC Retail Centers Sells 80,708-Square-Foot Retail Center in Suburban Chicago

by Alex Tostado

Elk Grove Village, Ill. — IRC Retail Centers LLC has sold Mallard Crossing, an 80,708-square-foot retail center in Elk Grove Village. The sales price was not disclosed. Anchor tenants Aldi, Ross Dress for Less and Dollar Tree have all signed long-term leases within the past year. Located on Meacham Road, the property was recently renovated with a new roof, parking lot and façade. Janice Sellis of JLL represented the seller in the transaction. JLL also procured the buyer, a vehicle sponsored by AmCap Management LLC.

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Company newsNewsRetailersVirginia

Hamilton Beach to Close All 160 Kitchen Collection Stores by End of Year

by Alex Tostado

Glen Allen, Va. — Hamilton Beach Brands Holding Co. has announced that it will close all stores of its retail subsidiary, The Kitchen Collection, by the end of the year. Kitchen Collection employs approximately 800 people at 160 stores across 37 states. The company previously closed about 35 underperforming stores in an effort to maintain long-term profitability, but higher operating losses in the first half of 2019 have prompted Hamilton Beach Brands to shutter the chain entirely. “Despite our best efforts to return Kitchen Collection to profitability through footprint consolidation, …

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