Wallingford, Conn. — CBRE has arranged the $21.4 million sale of Wallingford Fair Shopping Center, a 115,000-square-foot grocery-anchored center located in Wallingford, approximately 25 miles south of Hartford. ShopRite anchors the property, which also features a self-storage facility and a Petco store. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller, Feldco Development Corp., and procured the buyer, United Hampshire US REIT, in the transaction.
Aventura, Fla. — Ocean Bank has provided a $70 million construction loan for Central Aventura, a nine-story mixed-use building located at the corner of Biscayne Boulevard and 209th Street in the Miami suburb of Aventura. Jesus Garcia of Ocean Bank originated the loan on behalf of the borrower, an entity doing business as Central Aventura LLC that is led by Jacobo Cababie Dichi. Central Aventura will comprise 75,270 square feet of retail space on the first three levels, four levels of parking and 63,883 square feet of offices on the …
Zephyrhills, Florida — Franklin Street has brokered the $6.4 million sale of Oakview Plaza, a 47,000-square-foot retail center located in Zephyrhills, roughly 30 miles northeast of Tampa. Justin Walker, Justin Sturdivant and Dylan Morse of Franklin Street represented the seller, South Florida-based Merrimac Ventures, in the transaction. New York-based New Hyde Park Fruit Corp. was the buyer. Originally built in 1990, the center will undergo façade improvements, parking lot enhancements and lighting updates. The property’s Winn-Dixie store is also being redeveloped into an Aldi that will act as co-anchor to …
Arkansas and Missouri — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop four new units — dubbed Cans — in Northwest Arkansas and Missouri. Brothers Joe and Tim Rheem, along with business partner Johnny Hughes, will own and operate the restaurants. Potential locations include Rogers, Bentonville, Springdale, Fayetteville and Fort Smith, Arkansas, as well as Joplin and Branson, Missouri. Founded in 2019, Smalls Sliders currently has 375 Cans open or under development and is active across 30 states.
Coral Springs, Fla. — Southeast Centers has been selected to provide leasing and management services for Atlantic Crossings, a 173,680-square-foot shopping center in Coral Springs, approximately 20 miles northwest of Fort Lauderdale. Whole Foods Market and Home Depot anchor the property, which was developed between 1993 and 1998. Additional tenants at the center, which is fully leased, include Crunch Fitness, LensCrafters, PAK Mail Center and Pines Aesthetics. The center is situated on nearly 20 acres and is located adjacent to Coral Square Mall. Southeast Centers’ third-party management and leasing portfolio …
Sanford, Fla. — The Ardent Cos. has received approval from the City of Sanford for the redevelopment of Seminole Towne Center, a former shopping mall spanning 1.1 million square feet in metro Orlando. The redevelopment includes construction of a new 164,585-square-foot Costco store on the 76-acre site. Taking the place of the former Macy’s department store, the Costco location will include a gas station, tire center and liquor store. Ardent plans to begin site work and demolition this summer, with the Costco store opening anticipated for second-quarter 2027. Over the …
Clifton, N.J. — JLL Capital Markets has arranged $11.5 in financing for the acquisition of 1030 — 1050 Route 46, a formerly vacant commercial building that is being redeveloped as a grocery-anchored retail center in Clifton, approximately 12 miles west of New York City. Ryan Carroll, Nazario Paragano and Christian Badalamenti of JLL secured the three-year, floating-rate loan through Fidelity Investments on behalf of the undisclosed borrower. The building, which occupies a 4.3-acre site at the intersection of Route 46 and Route 3, will undergo approximately $1.5 million in capital improvements, …
Hallandale Beach, Fla. — Grupo Eco has signed leases with five new tenants at Atlantic Village, a 308,830-square-foot, multi-phase mixed-use development located in Hallandale Beach, approximately 15 miles north of Miami. Italian restaurant concept Murano by Ferraro and The Wagyu House by Meat N’ Bone have already opened at the center, while açai brand OakBerry will debut this month. Meanwhile, indoor golf facility Tee Box will open in March and The Lab Vitality Club will open this summer. Developed by Mexico City-based Grupo Eco and launched in 2017, Atlantic Village was …
Boston — Simon Property Group is planning to redevelop the former multilevel Neiman Marcus store at Copley Place, a 1.2 million-square-foot mixed-use development in the Back Bay neighborhood of Boston. While an exact closing date for the retailer hasn’t been announced, Simon will begin exterior remodeling this year and will have phased openings in the space through 2028. Simon expects to add multiple dining concepts and luxury stores on site, including Miami-based Casa Tua Cucina and Greek seafood restaurant Estiatorio Milos, as well as a first-to-market Dolce & Gabbana store and …
Corpus Christi, Texas — Disney Investment Group (DIG) has arranged the sale of Moore Plaza, a 379,035-square-foot power center in Corpus Christi. The center features a roster of 40 tenants including Hobby Lobby, Mardel, Marshalls, Burlington, Old Navy, Office Depot, Total Wine & More, Half Price Books and Pet Supplies Plus. David Disney and Adam Crockett of DIG represented the undisclosed seller in the transaction and procured the buyer, Chicago-based investment firm Bridge33. The deal follows DIG’s closing of the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi, …
