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Deals

  • Jones Lang LaSalle expands retail expertise in Midwest

    Indianapolis -- Jones Lang LaSalle said that Rebecca Wells has been named EVP in the company’s Indianapolis office, part of its Capital Markets arm.

    In her new role, Wells will work closely with Midwest Capital Markets leader and International Director John Huguenard to expand the firm’s platform of services, focusing on retail and office dispositions in the Midwest.

    Wells joins Jones Lang LaSalle from national commercial real estate firm Cassidy Turley, where she served as SVP Institutional Sales Group.

     

  • S&S sells Sunoco portfolio for $32 million to Cole Real Estate

    Dallas -- S&S Enterprises said it has sold a portfolio of 12 Sunoco fuel centers and convenience stores in central and southeast Florida for $32 million to entities managed by Cole Real Estate Investments.

    The portfolio consists of 37,275 sq. ft., with seven of the 12 locations having been redeveloped and all locations having received 20-year lease extensions.

  • Spanish restaurant to open at Suniland Shopping Center

    Pinecrest, Fla. -- Terranova Corp. said that it has signed a deal with Spanish restaurant chain 100 Montaditos to open a unit at Suniland Shopping Center, in Pinecrest, Fla.

    100 Montaditos has signed a lease for 2,500 sq. ft. in Suniland, where it is projected to open in fourth quarter 2013. It is the third deal Terranova has transacted with 100 Montaditos, which it has signed in Coral Gables’ Miracle Mile and in downtown Miami’s Vizcayne, a condo tower with ground-floor retail.
        

     

  • Douglas Development acquired mixed-use building

    Washington, D.C. -- Douglas Development announced that it has purchased a new mixed-use property in Chinatown DC. The 10,000-sq.-ft. building includes three levels of office space and 4,000 sq. ft. of street-level retail.
         
    Douglas Development acquired the property from Washington, D.C.-based law firm Wingfield & Ginsburg, which has since leased back all of the office space from Douglas Development.
          

  • Jones Lang LaSalle brokers sale of Kendall Corners

    Miami -- Jones Lang LaSalle announced it has closed the sale of Kendall Corners on behalf of joint owners Weingarten Realty Investors and a subsidiary of TIAA-CREF.

    Miami-based Orion Ventures purchased the 96,515-sq.-ft. shopping center.

     

  • SRS Real Estate, Cresa create lease admin company

    Dallas -- SRS Real Estate Partners and Cresa announced an agreement to form a new company to perform lease administration services for retail, office and industrial clients.

    The new company will be known as SRS-Cresa Lease Administration, and will deliver a spectrum of lease administration services including critical date management, CAM audits, occupancy cost reconciliations, and full portfolio lease administration services out of currently established offices in Dallas and in Chicago.

     

  • SoulCycle to open at Rye Ridge Shopping Center

    Rye Ridge, N.Y. -- The Charter Realty Group said that it has arranged its second transaction on behalf of SoulCycle for a 2,350-sq.-ft. space at Rye Ridge Shopping Center, located in Rye Brook, N.Y.  

    Charter previously represented SoulCycle, an indoor fitness cycling center, in a 7,000-sq.-ft at One Fawcett Place in Greenwich, Conn.
     

     

  • Supervalu loss widens in Q4

    New York -- Supervalu Inc., which recently divested 877 supermarkets in a $3.3 billion transaction, reported Wednesday a loss of $179 million in the fourth quarter, widened from $42 million in the year-ago period.    

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