Deals

Barnegat, N.J. — Two long-term lease agreements totaling 6,600 sq. ft. bring retail occupancy to 100% at Bayshore Plaza in Barnegat, New Jersey, according to the 59,000-sq.-ft. property’s leasing and managing firm Levin Management. 

The new tenants include casual Italian restaurant Luigi’s Ristorante and Brick Oven Pizza (2,400 sq. ft.) and non-profit green initiative Greensleeves Boutique (4,200 sq. ft.).

La Quinta, California —The Mansour Group has announced the sale of a 36,000-sq.-ft. Stein Mart building located in La Quinta, California. Sale price was approximately $8 million. 

The property was sold via Mansour Group by an unnamed developer to a private, all-cash investor out of San Diego.

The freestanding building is situated in Washington Park, a 600,000-sq.-ft. power and lifestyle center anchored by Lowe’s, Target, Cost Plus, Office Depot, Trader Joe’s with plans for additional construction.

Birmingham, Mich. – A new 49,000-sq.-ft. mixed-use development including an entire floor of retail space is slated to open in downtown Birmingham, Michigan, in third quarter 2015. According to the Macomb Daily News, the development, called “The Forefront,” will be located in the Principal shopping district and feature retail stores on the first floor and 11 luxury condos on the second and third floors.

The development will be built on the site of an existing building, which will be demolished.
 

Dublin, Calif. – Ross Dress for Less will open one new store in Las Vegas and two new stores in Florida on July 19. The new stores are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

The Florida stores will be located in Pier Park North in Panama City Beach and Royal Gardens Plaza in Hialeah Garden. They will give Ross a total of 140 stores in Florida.

Virginia Beach, Va. - Divaris Real Estate Inc. has signed a lease with Twist Martini & Associates for 2,442 sq. ft. of retail space in the Town Center of Virginia Beach. Twist Martini will operate a full-menu, dine-in restaurant including a martini bar, a cigar club, an outside patio area and a private lounge on the second floor. 

Dublin, Calif. -- Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend. 

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 
 

Dublin, Calif. - Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend.  
    
These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

Oakbrook Terrace, Ill. -- Mid-America Asset Management Inc. has announced three new retail leases on behalf of two shopping centers in Chicago’s southwest suburbs.     

Flexeon Rehabilitation signed a lease for 2,923 sq. ft. at Hillcrest Shopping Center in Crest Hill, Illinois. The 240,268-sq.-ft. center is anchored by TJ Maxx, Food 4 Less, Citi Trends, and Harbor Freight Tools.