Real Estate

Austin, Texas — CBRE’s National Retail Investment Group has announced the sale of The Market at Parmer Lane on behalf of LPC Retail, a division of Dallas-based Lincoln Property Company. The buyer is a Texas-based private real estate fund advised by Crow Holdings Capital Partners. Terms were undisclosed.

H-E-B Grocery anchors the 122,349-sq.-ft. center, which is 93.3% occupied.

Medford, Mass. — A joint venture between Charter Realty & Development Corp. and Regency Centers Corporation has acquired Fellsway Plaza in Medford, Mass. The joint venture acquired the 150,000-sq.-ft. neighborhood center, anchored by a recently constructed Stop & Shop, from Berenson Associates of Boston. PNC Bank provided permanent and development financing. Commercial Property Group represented the joint venture in the transaction.

Seattle — Jones Lang LaSalle’s Capital Markets group has announced the sale of Slater 116, a mixed-use property in Kirkland, a Seattle suburb. The property features 108 apartments and more than 10,000 sq. ft. of ground floor retail space. Essex Property Trust bought the recently completed property from Mainstreet Property Group for $29.6 million.

Indianapolis — Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of an 8,320-sq.-ft. Family Dollar in Indianapolis. An investment fund in Texas purchased the property from a private developer for $1.142 million, which is a 7.5% cap rate. The building is leased to Family dollar for 10 years.

The newly constructed Family Dollar is in the Lawrence Commons shopping center anchored by LA Fitness.

Sauk Rapids, Minn. — The Mansour Group www.themansourgroup.com has closed on the sale of a Walgreens in Sauk rapids, Minn., in the St. Cloud metropolitan area, for $10.9 million.

Mansour had the exclusive listing to market the property on behalf of the seller, a developer in Houston. The property generated multiple offers and sold to a 1031 California investor who needed a premium investment to meet the exchange needs.

New York — INTIMACY (bra fit stylists) has opened a lingerie shop at 104 Fifth Avenue in the New York City’s Flatiron retail district. Faith Hope Consolo Chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group, represented the landlord in the transaction. Stacey Robins Realty represented INTIMACY.

Other national and international brands with stores in the area include Aldo, Anthropologie, Banana Republic, Coach, J.Crew, Kenneth Cole and 7 for all mankind.

New York — Representing the landlord, RKF has arranged an 18,817-sq.-ft. lease with family-owned grocer Westside Market at 84 Third Avenue in Manhattan’s East Village. When the new grocery opens next summer, it will become the fifth Westside Market location in Manhattan.

The new Westside Market will span 10,500 sq. ft. on the ground level, with the remaining space in the lower level. Newmark Grubb Knight Frank Retail represented the Westside Market in the transaction.

New York — Ricky’s Halloween, backed by Ricky’s NYC, a 23-year-old brand of ultra-hip beauty shops, has leased new pop-up locations for its Halloween retail stores in the Financial District and West Chelsea. The Winick Realty Group represented Ricky’s in those transactions.

Those two leases bring Ricky’s Halloween pop-up locations — which also merchandise products from its year-round stores — to 17.

New York -- Under Armour has opened a store at the Jing An Kerry Centre in Shanghai, China. The environment puts storytelling at the forefront through a multi-dimensional short film that immerses visitors in the brand's world of making athletes better through passion and innovation.

Pittsburgh -- Dick's Sporting Goods announced the openings of two new stores, one in Kentucky, and its first ever in the state of Wyoming.

The retailer said it will open a store in Casper, Wy., on Oct. 25 at the Eastridge Mall. Also on Oct. 25, Dick’s will open at Gary Farms, Bowling Green, Ky.

The Bowling Green location will be the retailer's ninth store in the state of Kentucky and its 544th nationwide.