Retailers

AlabamaInvestment salesNewsRetailers

LBX Investments Acquires 208,568-Square-Foot Retail Center

by Alex Tostado

Fultondale, Ala. — LBX Investments has acquired Promenade Fultondale, a 208,568-square-foot retail center in Fultondale. The sales price was not disclosed. The property was completed in 2008 and is located five miles north of downtown Birmingham. The center was 96 percent leased at the time of sale to tenants including Ross Dress for Less, Five Below, JC Penney, Books-A-Million and Shoe Dept. Jim Hamilton, Mike Allison and Brad Buchanan of JLL represented the undisclosed seller in the transaction.

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ColoradoFinanceNewsRetailers

JLL Arranges $20 Million Refinancing for Central Park Retail in Metro Denver

by Alex Tostado

Denver — JLL has secured $20 million in refinancing for Central Park Retail, a multi-tenant retail center located at 1400 Plaza Drive in the Denver-area community of Highlands Ranch. The borrower is Shea Properties. Completed in 2018, the 61,443-square-foot property is occupied by 21 national and regional tenants, including Ent Credit Union, Rock Bottom Restaurant & Brewery, Shake Shack, Starbucks Coffee, Old Chicago Pizza and Taproom, Torchy’s Tacos and Orangetheory Fitness. Additionally, the nine-building property can be expanded to 64,243 square feet via development of the final pad site. Eric …

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FloridaInvestment salesNewsRetailers

Blackwater Resources Sells 75,904-Square-Foot Shopping Center in Florida Panhandle

by Alex Tostado

Pace, Fla. — Blackwater Resources has sold Pace Crossroads, a 75,904-square-foot shopping center in Pace. The property was fully leased at the time of sale to Dick’s Sporting Goods, Michael’s and Ulta Beauty. Pace Crossroads was built in 2018 and is located 15 miles northeast of Pensacola. Mark Joines, Drew Fleming and Henry Kushner of Newmark Knight Frank (NKF) represented the seller in the transaction. The buyer was a private buyer based in the Mid-Atlantic. The sales price was not disclosed.

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FloridaLeasingNewsRetailers

Hill Partners Signs Four Tenants at Promenade at Coconut Creek

by Alex Tostado

Coconut Creek, Fla. — Hill Partners Inc. has signed Naked Taco, Xfinity interactive retail store, Coconut Vibe and Zervos Group to leases totaling more than 9,000 square feet within Promenade at Coconut Creek. Naked Taco will occupy 5,796 square feet of space beginning in November. The restaurant will feature Mexican food and cocktails. Xfinity will open an interactive retail store where customers can learn about the products Xfinity has to offer. The location will open in October. Coconut Vibe began as a pop-up shop that signed a longer-term lease. The …

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FloridaInvestment salesNewsRetailers

TSCG Brokers Sale of 162,000-Square-Foot Retail Center in Gainesville

by Alex Tostado

Gainesville, Fla. — TSCG has brokered the sale of Gainesville Plaza, a 162,000-square-foot retail center situated along NW 13th Street in Gainesville. The center was 92.4 percent leased at the time of sale to tenants including Burlington, Ross Dress for Less, Sav-A-Lot, 2nd & Charles (a Books-A-Million concept), Lumber Liquidators and Hibbett Sporting Goods. The sale also includes a 1.4-acre outparcel fronting 13th Street that can accommodate 4,000- and 3,750-square-foot buildings. Gainesville Plaza was built in 1971 and renovated in 2014. Anthony Blanco of TSCG and his sales team represented …

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NewsRetailersWashington DC

U.S. Retail Sales Up 5.6 Percent from 2018, Says U.S. Census Bureau

by Alex Tostado

Washington, D.C. — The U.S. Census Bureau reports that retail sales in July were up 0.9 percent from June and 5.6 percent year-over-year. The numbers exclude restaurants, gas stations and automobile sales but include e-commerce sales. July’s results build on gains of 0.6 percent month-over-month and 2.2 percent year-over-year seen in June. Specifics from key retail sectors during July include: Online and other non-store sales were up 19.3 percent year-over-year and up 2.8 percent month-over-month seasonally adjusted, likely boosted by Amazon’s Prime Day promotion, which the company said had more …

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Grocery-anchoredInvestment salesNew YorkNewsRetailers

JLL Brokers $17 Million Sale of Retail Center on Long Island

by Alex Tostado

Long Island, N.Y. — JLL has brokered the $17 million sale of Hubbard’s Commons, a 65,970-square-foot, grocery-anchored retail center on Long Island. At the time of sale, the property was 98 percent leased to tenants such as Best Market, Rite Aid Pharmacy and Orangetheory Fitness. Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver, Andrew Scandalios and Grace Braverman of JLL represented the seller, Urban Edge Properties, in the transaction. ShopOne Centers REIT purchased the asset.

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Company newsNew JerseyNewsRetailers

Women’s Fashion Chain Avenue to Close All 222 Stores Across 33 States

by Alex Tostado

Rochelle Park, N.J. — Avenue Stores LLC will close all 222 of its Avenue stores across 33 states after failing to procure a buyer for the plus-size women’s clothing chain. It was not made immediately clear if the retailer will continue to operate its e-commerce platform. Philadelphia-based Versa Capital Management acquired Avenue Stores LLC in bankruptcy in 2012 when the retailer operated 433 stores. Avenue will hold liquidation sales in all of its stores, offering 30 to 50 percent off clothes, accessories and even store fixtures. Hilco Merchant Resources and …

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GeorgiaInvestment salesNewsRetailers

S.J. Collins Sells New Whole Foods Market 365-Anchored Shopping Center in Metro Atlanta

by Alex Tostado

Decatur, Ga. — Atlanta-based developer S.J. Collins Enterprises has sold the retail portion of North Decatur Station, a newly delivered mixed-use development in Decatur. The fully leased, 86,164-square-foot shopping center is anchored by Whole Foods Market 365 and opened in early 2019. The center is located a 1555 Church St., eight miles east of downtown Atlanta. Other tenants include Hollywood Feed, Gusto!, Big Peach Running, Club Pilates, Jason’s Deli, F45 Fitness and Thrive Vet Clinic. North Decatur Station also includes Solis Decatur Apartments, a 290-unit multifamily community that was not …

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DevelopmentNewsRetailersTexas

NewQuest Properties to Develop 200,000-Square-Foot Retail Project in Metro Houston

by Alex Tostado

Richmond, Texas — Houston-based NewQuest Properties will break ground in the coming weeks of the first phase of Grand at Aliana, a 200,000-square-foot retail project in Richmond, a southwestern suburb of Houston. The property is preleased to an array of national tenants, including 24 Hour Fitness, Burlington, Ross Dress for Less, Michaels, Petco, Ulta Beauty, Five Below, Bath & Body Works and Sketchers. Grand at Aliana will also house a 10,454-square-foot healthcare clinic that will be occupied by Baylor St. Luke’s Medical Group and provide urgent and primary care services. …

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