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Market Trend: Select Top Three Phoenix Retail Leases Signed in Q2 2013
The select top retail lease signed during the second quarter of 2013 in the Phoenix market was at 1661 S. Alma School Rd. in the Red Mountain / Mesa Retail submarket. RoomStore Furniture renewed its 120,026-square-foot lease there in a direct deal with the landlord. AMC Theaters leased 37,645 square feet at 730 S. Mill Ave. in the Tempe Retail submarket. SRS Real Estate Partners represented the landlord, while Phoenix Commercial Advisors represented the tenant. Family Thrift Store leased 30,435 square feet at 4335-4343 W. Glendale Ave. in the Glendale Retail submarket. Phoenix Commercial Advisors represented the landlord...
RBN Negotiates Property Sale at 325 State Route 17M, Monroe, NY
NEW YORK (September 9, 2013) –RBN announces that it has arranged the sale of the former Ford automotive dealership located at 325 State Route 17M in Monroe, NY. The property has approximately 40,000 square feet of building area on 11 acres of land. Matt J. Ogle, first vice president, of RBN New York office represented I Star Financial, the seller, in the sale. The property was sold to Hagopian Enterprises represented by John Coldonado of Pyramid Brokerage Company.
RBN Brings Dr. G’s Weight Loss & Wellness to Phoenix
PHOENIX (September 10, 2012) – RBN is pleased to announce that Dr. G’s Weight Loss & Wellness has leased a 1,170-square-foot space in Camelback Village located at the northeast corner of Camelback Road and 44th Street in Phoenix, Ariz. Dr. G’s Weight Loss & Wellness anticipates opening in late 2013. Alan Houston with RBN represented the tenant, Dr. G’s Weight Loss & Wellness, in the transaction.
RBN Brokers Sale of Town West Shopping Center
AUSTIN (September 10, 2013) - RBN announces the sale of Town West Shopping Center located at 6700 Camp Bowie Boulevard in Fort Worth, Texas. The 33,269-square-foot strip center is located along the highly trafficked Camp Bowie Boulevard with convenient access from both traffic directions, and was 93 percent leased at the time of sale. "This transaction is representative of the type of value-add properties investors are searching for in today's real estate market," said Jason Middlebrook, vice president of investment sales for the Austin/San Antonio office. Jason Middlebrook of RBN represented the seller in the transaction.
Fort Valley Shopping Center Sold in Fort Valley, Ga.
ATLANTA (August 28, 2013) – Fort Valley Partners, LLC has sold Fort Valley Shopping Center, a 71,887-square-foot neighborhood center in Fort Valley, Ga., to PDQ Fort Valley. Fort Valley Shopping Center is located at 2275 Highway 341 in Peach County, roughly 30 miles southwest of Macon in the city of Fort Valley, Ga. The property is situated approximately ten miles west of Interstate 75 in the northwest quadrant at the intersection of Highway 341 and Woolfolk Road. The shopping center is anchored by Food Depot and Roses, both of which have long-term leases in place. Additional tenants in the shopping center include Rent-A-Center and H&R Block...
RBN Partners Negotiates Retail Condominium Sale at 300 East 23rd Street, New York, NY
NEW YORK (August 20, 2013) –RBN announces that it has arranged the sale of a retail condominium at the base of the Tempo Residential Tower at the southeast corner of Second Avenue & 23rd Street in the Gramercy Park neighborhood, New York, NY. The condominium is a two (2) level, 11,145-square-foot space occupied on a long term lease by Duane Reade which is wholly owned by Walgreen Co. (NYSE Symbol WAG). Patrick A. Smith & Corey Zolcinski from SRS’ New York office represented ownership (MUS 23, LLC) in both the sale of the retail condominium and the lease of the premises to Duane Reade...
Dallas Office, Retail & MF
The high-heeled and high-toned guests at May’s opening of the high-end showrooms at 150 Turtle Creek Boulevard are duly impressed. Visitors search out their host, the scion of a wealthy developer and collector, a former high-school football star, whose name appears on the blue-and-white “For Lease” signs next to seemingly every gallery opening they’ve attended lately. But instead of a modern-day Gatsby, they find Jim Lake Jr. looking a bit square in his buzzcut and starched shirt, deflecting compliments and sending them in the direction of his architect, general contractor, and leasing staff.
RBN Facilitates Sale of Chandler Shopping Center Parcel
Chandler & Alma School RBN is pleased to announce the sale of a 53,492-square-foot shopping center outparcel which includes a 3,504-square-foot former bank building located at the southwest corner of Chandler Boulevard and Alma School Road in Chandler, Ariz. Alan Houston and Jeff Alba with SRS Real Estate Partners represented the seller, Grossman/Robson Associates in the transaction. Andy Kroot with Velocity Retail represented the buyer, Hot Glazed Enchantment, Inc.
The Deal Sheet
The Deal Sheet Neovia Logistics Services' HQ relo from Illinois to Irving is just the beginning of corporate relos, Greater Irving-Las Colinas Chamber of Commerce prez Chris Wallace tells us. More than BBQ is luring businesses here; it's Gov. Perry's ad campaign and the state's biz-friendly environment. Earlier this year, Japanese firm Trend Micro announced its plans to move its US HQ and 220 jobs to Irving by year's end. Chris says the Irving-Las Colinas area (and Texas, overall) has been aggressive in recruiting companies...
Developer buys vacant east Mesa bank, sees at least 5 potential uses
A former bank building at the southeastern corner of Broadway and Greenfield roads in Mesa is set to get a makeover after standing vacant for more than two years. Phoenix-based SRS Real Estate Partners in July sold the 5,000-square-foot, single-story building for about $460,000 to shopping-center developer Ted Kruger, according to SRS broker Sean Thomas. Kruger, owner of Nevada-based Bullseye Commercial Real Estate, has built more than 30 projects in California, Utah and Arizona. “Normally, I build from ground up — I’ve built small centers all the way through regional malls with department stores,” Kruger said...
Former Ford dealership site sold
MONROE — The former Monroe Ford dealership site on Route 17M in Monroe has been sold to Mike Hagopian, owner of Apple Auto and Loyal Auto and Towing, who will move his businesses into new 40,000-square-foot quarters in January. Hagopian has been operating his companies on other sites within Monroe and Harriman for more than 35 years. He will now consolidate all his operations on the 11.2-acre site which will be used as an auto repair and service, auto body, towing and rental business and include two impound lots. The commercial property has been vacant for five years. Hagopian said he wanted this site for his business and had been negotiating with the bank over the years...
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