Shopping Center Business

MAY 2018

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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28 • SHOPPING CENTER BUSINESS • May 2018 NEWSLINE southeast of Houston. Walmart shadow- anchors the center, which was 96 percent leased at the time of sale. Petco, Marshalls and Rack Room Shoes are already open at the center, and Ulta Beauty and GNC are expected to open this month. Ross Dress for Less and Armour Nails & Spa will open at the center in the coming months. HFF ARRANGES SALE OF WHOLE FOODS- ANCHORED RETAIL CENTER IN IRVING HFF has negotiated the sale of Shops at MacArthur Hills, a 75,387-square-foot retail center located within the 12,000- acre Las Colinas district in Irving, Texas. Anchored by Whole Foods Market, the property was fully leased at the time of sale to tenants such as Zoës Kitchen, Fidelity Investments, Pure Barre and Sprint. Ryan Shore, Barry Brown, Jim Batjer and Aaron Johnson of HFF represented the seller, Dallas-based investment Leon Capital Group, in the transaction. Clarion Partners LLC purchased the asset free and clear of existing debt. The sales price was not disclosed. COLLIERS ARRANGES $12.7 MILLION SALE OF FLORIDA CENTER Colliers International has arranged the $12.7 million sale of San Jose Plaza, a 95,433-square-foot shopping center in Jacksonville, Florida. Scott Rogers of Colliers arranged the transaction on behalf of the buyer, SJP Jax LLC, which acquired the asset from Shanri Holdings Corp. Bonefish Grill anchors the center, which was 75 percent leased at the time of sale to 30 tenants. A second anchor tenant, Aldi, will open this summer. MARCUS & MILLICHAP ARRANGES $12.3 MILLION SALE Marcus & Millichap has arranged the $12.3 million sale of Bethlehem Town Center II, a 73,613-square-foot shopping center in Glenmont, New York. Joseph French Jr. and Thomas Dalzell of Marcus & Millichap arranged the transaction on behalf of the seller and procured the buyer, a private investor. Other terms of the deal were not disclosed. Bethlehem Town Center II houses tenants such as Panera Bread, Five Guys Burgers & Fries, SuperCuts and Taco Bell. DELL AFFILIATE BUYS RETAIL, MULTIFAMILY SHARE OF MIXED-USE DEVELOPMENT IN DALLAS MSD Capital LP, a private investment firm that manages the capital of computer magnate Michael Dell and his family, has acquired shares of the Knox District, a mixed-use development in Dallas. The acquisition totals includes 170,000 square feet of retail space and 165 multifamily units. Current retail tenants include Crate & Barrel, Trader Joe's and Pottery Barn. Other terms of sale were not disclosed. Shops at MacArthur Hills in Irving's Las Colinas district was fully leased at the time of sale. A Whole Foods Market anchors the property. Visit our Booth @ ICSC RECON Las Vegas Booth S 280 R Street • Landlord Representation • Land Development • Land ReDevelopment • New Development Leasing • Investment Sales • Commercial Property For more information, please contact: Ali Mushtaq, Senior Advisor P. 407-982-3976 M. 407-325-1446 160 International Parkway | Suite 100 | Heathrow, FL 32746 All SVN ® Offices Independently Owned and Operated

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