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Deals

  • Transwestern brokers two East Bay leases

    Walnut Creek, Calif. — Transwestern has brokered leases on behalf of two retail tenants: 9Round Fitness & Kickboxing and Buon Vino Manufacturing.

    9Round Fitness has taken a 1,300-sq.-ft. lease for five years in the Diablo Plaza in San Ramon, Calif.  Buon Vino signed a 1,635-sq.-ft. lease for three years at 1545 Locust St. in downtown Walnut Creek, Calif.

  • Edens closes $1.5 billion equity transaction

    Columbia, S.C. — Edens Investment Trust has closed a $1.47 billion equity transaction composed of the $718 million sale of a 29% equity stake in the company and a $750 million equity commitment from the company’s institutional investors.

    In the sales transaction, a Blackstone-sponsored real estate investment vehicle acquired a $718 million stake in Edens from the State of Michigan Retirement System.

  • Glimcher acquires Arbor Hills in Ann Arbor, Mich.

    Columbus, Ohio — Glimcher Realty Trust has acquired Arbor Hills, an upscale, open-air center located in Ann Arbor, Mich., in the main corridor that connects downtown Ann Arbor and the University of Michigan’s main campus. The new center, which opened in August, features 85,000 sq. ft. of leasable space and is approximately 87% leased. Tenants include Anthropologie, Arhaus, lululemon athletica, Madewell and The North Face. The property is expected to average above $500 per square foot in sales.

  • New retailers sign into Arbor Lakes in Maple Grove, Minn.

    Minneapolis — The Opus Group has announced office and retail leases and two land sales in the Arbor Lakes development in Maple Grove, Minn.

    Pro Ag Management Inc. will occupy 9,179 sq. ft. on the second floor of the North End Office and Retail Building. With the Pro Ag lease, the center’s office space is now 100% leased. On the retail side, Sola Salon Studios has leased 4,524 sq. ft. of ground-level retail space in the same building. Colliers International brokers represented the tenants as well as Opus in these transactions.

  • Liberty Travel signs into Bedminster, N.J.’s Hills Village

    Bedminster, N.J. — Liberty Travel has leased a 1,853-sq.-ft. space at The Hills Village Center in Bedminster, N.J., according to Levin Management, the exclusive leasing and managing agent for the property.

    Relocation Realty represented Liberty Travel in the transaction. Liberty’s neighbors in the 109,800-sq.-ft. center include Kings Supermarket, CVS, Starbucks, Great Clips, Cold Stone Creamery, The UPS Store, GNC and Subway.

  • Sidecar to open in Tucson’s Broadway Village

    Tucson, Ariz. — Sidecar, a craft beer and cocktail bar, plans to open a 963-sq.-ft. upscale lounge at Broadway Village in Tucson. Slated to open in March of 2014, the bar will seat 40 people inside and 12 to 15 people on a patio.

    Commercial Retail Advisors represented the landlord, CRI Broadway Village Partners in the transaction. Sidecar handled the lease negotiations itself.

  • Jones Group goes private

    The Jones Group has accepted a buyout offer of $15 per share in cash, or a total of approximately $1.2 billion, from private equity firm Sycamore Partners. Upon completion of the deal, Jones, whose brands include Nine West, Anne Klein and Easy Spirit, will become a privately held company.

  • Dickey’s BBQ Pit to Plaza Escondida in Tucson

    Tucson, Ariz. — Dickey’s BBQ Pit has signed a 2,700-sq.-ft. lease at the Plaza Escondida Shopping Center in Tucson, Ariz. Keller Williams Southern Arizona represented the tenant in the transaction. CBRE (www.cbre.com) represented the landlord, Roseville Tucson LLC.

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