Deals

Aventura, Fla. — Starbucks has signed a long-term lease at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to the property’s owner, Elion Partners. Avison Young represented Starbucks in the transaction. Atlantic Retail Properties represented Elion Partners.

The news comes a few weeks following the announcement that The Fresh Market will anchor the center.

Oakbrook Terrace, Ill. — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Shops of Uptown in Park Ridge, Ill. Phillips Edison-ARC REIT purchased the 70,402-sq.-ft. center for $27 million.

Trader Joe’s anchors the center, which also hosts Jos. A. Bank, Chico’s, LensCrafters Optique, Houlihan’s, Jason’s Deli and Noodles & Company.

Aventura, Fla. -- Aventura Mall, in the Miami suburb of Aventura, plans a significant expansion that will include a new three-level, 241,000-sq.-ft. retail wing and parking garage. Construction is expected to begin in 2014.

Located between Miami and Fort Lauderdale, Aventura Mall currently measures 2.7 million sq. ft.

San Diego — The Mansour Group has arranged the sale of a portfolio of 10 Walgreens properties located in secondary and tertiary markets throughout the Mid-south  in Arkansas Missouri, Oklahoma, Tennessee and Camden, N.J.

Mansour had the exclusive listing to market the properties on behalf of the seller, a private partnership. After generating more than three dozen offers, the portfolio sold to a private California 1031 exchange buyer who completed the sale of a multi-family property in San Francisco.

Dallas — SRS Real Estate Partners has hired Michael Straus as an associate in the Chicago office. Straus will focus on tenant and landlord representation as well as new business development.

He brings more than 15 years of managerial and sales experience to SRS. Prior to signing on with SRS, he worked for Student Transportation of America where he oversaw all aspects of operations and managed more than 1,100 employees across the Midwest. He managed sales and contract negotiations, lease renewals, development and acquisitions.

Houston — Torchy’s Tacos has leased a 3,886-sq.-ft. restaurant at LaCenterra at Cinco Ranch in the Houston suburb of Katy, according to Vista Equities Group, the owner of the center. Baker Katz represented Torchy’s in the transaction.

Chicago — Aurelio’s Pizza has leased a 5,163-sq.-ft. store at 1212 South Michigan Avenue in Chicago. It will become Aurelio’s flagship location and first corporate-owned restaurant in downtown Chicago.

RKF’s Chicago office represented the landlord on the long-term lease. Baum Realty represented Aurelio’s.