Real Estate

Atlanta — Jones Lang LaSalle has closed the sale of Powers Ferry Plaza on behalf of Equity One. An Atlanta-based private investor purchased the 86,401-sq.-ft. shopping center anchored by Micro Center.

The property is strategically located on approximately 10.7 acres along Powers Ferry Road near the intersection of Powers Ferry Road and Delk Road, a little more than 12 miles northwest of downtown Atlanta.

Tucson, Ariz. — Gordon’s Dollar Plus Store has signed a lease for a 2,586-sq.-ft. apace at River Crossing in Tucson. Gordon’s Dollar Plus Store is licensed by Discount Dollar Store Services of Las Vegas. Plans call for the new store to open in mid-December.

Commercial Retail Advisors represented the landlord, La Cholla and River Road Associates in the transaction. DDSS Real Estate represented the tenant.

Minneapolis — The Opus Group has completed a 45,600-sq.-ft. retail building for Gander Mountain in Albany, Ga. The project’s completion marks the fourth collaboration between Opus and Gander Mountain in the last 22 months. The new store opened on Nov. 12.

The Albany store represents a new, smaller concept for Gander Mountain.

Chain Store Age posted a story about Chicago’s Northwestern Memorial Hospital opening a new 70,000-sq.-ft. retail store and restaurant development in the hospital and across the campus.

Covington, La. — Walgreens has opened a new full-service drugstore in Gulfport, Miss., at the intersection of Pass Road and Interstate 49. The 13,650-sq.-ft. store has a drive-thru window and full service pharmacy and may serve as a catalyst for retail development in the corridor. Stirling Properties provided development services, including lease negotiation, financing and project management for the third party owner of the property.

Phoenix — DSW Designer Shoe Warehouse has taken 20,000 sq. ft. at Tempe Marketplace in Tempe, Ariz., according the CBRE, which represented DSW in the negotiations. Vestar represented Tempe Marketplace.

Developed by Vestar in 2007, Tempe Marketplace is an interactive shopping, dining and entertainment destination featuring 1.3 million sq. ft. of retail space. The tenant list now includes DSW plus Target, Cost Plus World Market, Old Navy, J.C. Penney, Gap and Best Buy. It is also the first Arizona location for Dave & Busters.

New York — SL Green Realty Corp. and partner Jeff Sutton have entered into an agreement to buy out the lease of retailers Juicy Couture at 650 Fifth Avenue. The transaction will enable the leasehold owners to combine Juicy Couture’s existing basement, grade-level and second floor retail space with additional vacant space on the third floor and accelerate the partnership’s ability to reposition the building’s premier retail corner location.