Retailers

JLL Negotiates $25.7 Million Sale of Publix-Anchored Shopping Center Near Pensacola

by Alex Tostado September 30, 2019

Pace, Fla. — JLL has negotiated the $25.7 million sale of Santa Rosa Commons, a 138,850-square-foot retail center in Pace. The Publix-anchored property was 96 percent leased at the time of sale to tenants including T.J. Maxx, PetSmart, Shoe Carnival, Maurice’s, GameStop, Sally Beauty, Anytime Fitness, Chili’s, Wasabi House Restaurant and GNC. Target and The Home Depot shadow-anchor the center. Stirling Properties acquired the asset, which is located 10 miles north of downtown Pensacola. Brad Peterson, Whitaker Leonhardt, Michael Brewster, Ryan Stoffer and Coler Yoakam of JLL represented the undisclosed …

September 30, 2019

California Investment sales News Retailers

Space Investment Partners Buys Westport Plaza & Square in Costa Mesa for $18.4 Million

by Alex Tostado September 30, 2019

Costa Mesa, Calif. — Space Investment Partners has acquired Westport Plaza & Square, a leasehold retail center located at 369 E. 17th St. in Costa Mesa. Newport Beach, California-based Wohl Investment Co. sold the asset for $18.4 million. Built in 1975 and renovated in 2002 and 2018, the property features 39,000 square feet of retail space. At the time of sale, the property was 100 percent leased to a collection of eateries, restaurants and high-end clothing and furnishing boutiques. Current tenants include Etoile on 17th, Plums Café and Catering, Common …

September 30, 2019

Illinois Investment sales News Retailers

NewMark Merrill Acquires Shopping Center in Chicago for $17.3 Million

by Alex Tostado September 30, 2019

Chicago — NewMark Merrill Cos. Inc. has acquired Stony Island Plaza in Chicago for $17.3 million. The 159,785-square-foot shopping center is located in the South Deering neighborhood at the intersection of 95th Street and Stony Island Avenue. Jewel-Osco and DD’s Discounts anchor the center, built in 1999. It is currently 93 percent leased to several local and national brands, including Circle K, KFC, H&R Block, Foot Locker, GNC, Happy Nails and Seashell Restaurant. NewMark Merrill plans to improve signage, parking areas and landscaping. Rick Drogosz of Mid-America Real Estate Corp. …

September 30, 2019

California Grocery-anchored Investment sales News Retailers

Reliable Properties Acquires 28,131-Square-Foot Retail Asset in California’s Inland Empire

by Alex Tostado September 30, 2019

Ontario, Calif. — Los Angeles-based Reliable Properties has purchased a retail property located in Ontario. Terms of the transaction were not released. Cardenas Market, an Ontario-based grocery chain, occupies the single-tenant asset. Located at the intersection of Holt Boulevard and Campus Avenue, the property features 28,131 square feet of retail space.

September 30, 2019

Georgia Grocery-anchored Investment sales News Retailers

Colliers Arranges Sale of Two Metro Atlanta Shopping Centers Totaling 147,444 Square Feet

by Alex Tostado September 26, 2019

Monroe and Villa Rica, Ga. — Colliers International has arranged the sale of two shopping centers near Atlanta: Monroe Plaza and Villa Rica Crossing. Monroe Plaza spans 89,860 square feet and is located at 748-796 W. Spring St. in Monroe, about 45 miles east of downtown Atlanta. The center was fully leased at the time of sale to tenants including Quality Foods, Cato, Family Dollar and Roses Express. A private buyer acquired the property from Malon D. Mimms Co. for an undisclosed price. Food Depot anchors Villa Rica Crossing, which …

September 26, 2019

Florida Investment sales News Retailers

Stock Development Sells Retail Center in Naples for $26.5 Million

by Alex Tostado September 26, 2019

Naples, Fla. — Stock Development has sold Stock Plaza, a 65,297-square-foot retail center in Naples, for $26.5 million. Stock Development delivered the five-building center in 2017 and 2018. The property was 98 percent leased at the time of sale to tenants including NCH Healthcare, Sherwin Williams, Five Guys, AT&T and Tropical Smoothie Café. All the tenants recently signed long-term triple net leases. Stock Plaza is located on 8.8 acres at 7735 Collier Blvd., nine miles east of downtown Naples. Britt Raymond, Kyle Fant, Matthew Mousavi and Patrick Luther of SRS …

September 26, 2019

Leasing New Jersey News Retailers

R.J. Brunelli Negotiates 24,000-Square-Foot Retail Lease in Old Bridge, New Jersey

by Alex Tostado September 26, 2019

Old Bridge, N.J. — R.J. Brunelli & Co. has negotiated a 24,000-square-foot retail lease for a Jersey Strong fitness center in Old Bridge, located about 35 miles south of New York City. The tenant will anchor the 84,900-square-foot Browntown Shopping Center along with a Walgreens. R.J. Brunelli and Richard Brunelli of R.J. Brunelli & Co. represented Jersey Strong in the lease negotiations.

September 26, 2019

Features Retailers SCBlog

Retailers Look to Capture the ‘Laptops and Lattes’ Crowd

by Alex Tostado September 25, 2019

Los Angeles — The four F’s may need to move over: there’s a new consonant in town. While fun, food, fitness and fashion are still category staples in shopping centers, retailers at ICSC’s Western Conference & Deal Making event, held Sept. 16 to 18 at the Los Angeles Convention Center, are now interested in courting the two L’s: laptops and lattes. “We do really well with the laptops and lattes crowd,” said Felicia Alexander, a Health & Wellness panelist and co-founder and co-owner of BoxUnion boxing studio. “We look at daytime …

September 25, 2019

Investment sales Kansas News Retailers

WS Development, Laham Development Acquire Bradley Fair Shopping Center in Wichita, Kansas

by Alex Tostado September 25, 2019

Wichita, Kan. — WS Development has formed a joint venture with Laham Development to acquire Bradley Fair in Wichita. The purchase price was not disclosed. Built in 1990, the 280,000-square-foot shopping center is home to more than 50 stores and restaurants, including Barnes & Noble, Sephora, Pottery Barn, Gap and soon-to-open Trader Joe’s. The property also features a lake, walking paths, gardens and community events. The seller was not disclosed.

September 25, 2019

Investment sales News Retailers Texas

CBRE Negotiates Sale of 431,902-Square-Foot Retail Portfolio in Texas

by Alex Tostado September 25, 2019

Dallas — CBRE has negotiated the sale of a 14-property, 431,902-square-foot retail portfolio located throughout Texas. The seller was Dallas-based Rainier Cos., which disposed of the assets as part of the sale of a 677,979-square-foot portfolio of 27 retail properties in seven states. The larger portfolio was 92 percent leased at the time of sale. The buyer and sales price were not disclosed. Michael Austry and Jared Aubrey of CBRE handled the transaction.

September 25, 2019

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