Kohl’s to Open Off/Aisle Store at HSA Commercial’s Mayfair Collection in Wauwatosa, WI

Tim Blum

CHICAGO, IL — Chicago-based HSA Commercial Real Estate announced Kohl’s will open an Off/Aisle store at The Mayfair Collection in Wauwatosa, Wis. 

The new 23,392-square-foot store, scheduled to open in spring 2016, will be located in the last remaining anchor space between Dick’s Sporting Goods and Ulta Beauty in the prominent shopping center development’s first phase. 

Off/Aisle offers customers who love to shop an exciting opportunity to browse and hunt for thrilling prices on quality merchandise from a trusted retailer, including apparel, accessories and home items at an incredible discount. The first pilot opened in Cherry Hill, N.J., in June 2015.

“We believe The Mayfair Collection offers the perfect venue for Kohl’s to launch their new store concept, which is a big reason why we are so excited to have them as our final anchor for Phase 1,” said Tim Blum of HSA Commercial Real Estate.

“By having other category leaders such as Nordstrom Rack and DSW nearby, Off/Aisle will be well-positioned to introduce the store to target customers from across the Midwest.”

Yoni Zvi

Phase 1 of The Mayfair Collection – anchored by Nordstrom Rack, Dick’s Sporting Goods, Saks Fifth Avenue OFF 5TH, DSW and more – opened to large crowds of customers in April 2014. 

The project’s construction consisted of adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments. 

The Mayfair Collection’s second phase will be anchored by a 45,150-square-foot Whole Foods Market, scheduled to open in March 2016.

Kohl’s Corporation was represented in the lease transaction by Yoni Zvi of EDG18 Commercial Real Estate.

For a complete copy of the company’s news release, please contact:

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

HFF hires Edmund Najera as a managing director in its San Francisco, CA office

Edmund Najera

SAN FRANCISCO, CA,  Jan. 13, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has hired Edmund Najera as a managing director in its San Francisco office.  Mr. Najera will focus on office and R&D investment sale transactions throughout the Bay Area.

Mr. Najera has more than 15 years of commercial real estate experience and most recently served as a senior vice president at Eastdil Secured in Silicon Valley. 

Prior to that, Mr. Najera worked for the San Francisco office of Grubb & Ellis.  He holds a Bachelor of Business Administration degree from the University of San Diego. 

“HFF is pleased to have a seasoned investment sales professional who has key relationships with well-known institutions and high net worth private investors such as Najera join our team,” said Steven Golubchik, senior managing director and co-head of HFF’s San Francisco office.

 “Najera’s presence at HFF will strengthen our office and industrial investment sales platform in the West as well as nationally, and marks the 16th hire or promotion of a West Coast transaction professional and the 37th new hire in HFF’s West Coast offices since the beginning of 2015,”.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Berkadia Closes on 116 Unit Apartment Community in Hoover, AL

 

David Oakley

BIRMINGHAM, AL --- Berkadia recently negotiated the sale of Chapel Park, a 116-unit apartment community located in Hoover at 3409 Pimm Lane.   The three-story, garden-style apartments were built in 1972.

David Oakley, managing director, of Berkadia Real Estate Advisors, LLC represented the buyer, FPA Chapel-Northridge, LLC, and Engel Realty Company represented the seller, Chapel Park Apartments, LLC. 

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties

 

For a complete copy of the company’s news release, please contact:

Beth Payan Larry Vershel Communications, 407-644 4142 or 407-461 3781 lvershelco@aol.com.

Hold-Thyssen Completes $1.2 Million Sale of Winter Park, FL Office Building Near Park Avenue

Joelle Forster

WINTER PARK, FL --- Hold-Thyssen, Inc., recently arranged the sale of a two-story office building at 601 N. New York Ave. to a user-investor for $1,225,000.

Hold-Thyssen brokerage team of Martin Forster, CCIM, and Joelle Forster brokered the transaction representing the seller, GFP Properties, Ltd. a/k/a Pebbles. 

  The 8,670 square foot building located close to Park Avenue was the long time home of the renowned restaurant group. 

The buyer, Seventh Gen Enterprises, LLC will occupy part of the building.

 

For a complete copy of the company’s news release, please contact:

Beth Payan Larry Vershel Communications, 407-644 4142 or 407-461 3781 lvershelco@aol.com.

NAI Realvest brokers Two Industrial Leases at Oviedo Commerce Center in Oviedo, FL

 

George Viele

ORLANDO, FL – NAI Realvest recently negotiated two industrial leases totaling 4,671  rentable square feet at Oviedo Commerce Center, 2462 W. SR 426 in Oviedo. 

George Viele, associate at NAI Realvest, brokered both transactions representing landlord Oviedo Commerce Center LLC of Winter Park.

Allen Sportswear, Inc. leased 3,080 square feet in Suite 1000 and EBC Electronics, manufacturer of components and application-specific circuits, renewed its lease of Suite 1012 with 1,591 square feet.

For a complete copy of the company’s news release, please contact:

Beth Payan Larry Vershel Communications, 407-644 4142 or 407-461 3781 lvershelco@aol.com.

Crossman & Co. Closes on Six Leases at Lemon Bay Shopping Center and Merchants Crossing in Englewood, FL

Tracy Worrell

Englewood, FL -- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently completed six lease agreements representing the landlords at Lemon Bay Shopping Center and Merchants Crossing in Englewood. 

Senior Associate Sandra Woodworth negotiated a long-term renewal with Big Lots who occupies 36,464 square feet at Lemon Bay Shopping Center at 1845 Englewood Rd.  

A new lease at Lemon Bay for 3,980 square feet was signed by Norma Jeans, a sports grill.   Cinidyne Sales renewed their lease of 3,095 square feet and a lease renewal agreement for 1,450 square feet was completed by Woodworth with Simply Yum Yum a local bakery.   

At Merchants Crossing, 1500 Placida Rd. at the corner of McCall Rd, Senior Associate Tracy Worrell completed two new lease agreements.  Englewood Jewelry and Gold leased 1,200 square feet and Great Clips leased 1,225 square feet.  Merchants Crossing is anchored by Publix and Bealls Department Store.

For a complete copy of the company’s news release, please contact:

Beth Payan Larry Vershel Communications, 407-644 4142 or 407-461 3781 lvershelco@aol.com.

Crossman & Co. Closes Five New Leases totaling 7,200 square feet for future Publix-anchored Southshore Village, slated to open the end of this year in Ruskin, FL

  

Sandra Woodworth

RUSKIN, FL -- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently completed five new lease agreements for a total of 7,200 square feet at the Publix-anchored Southshore Village shopping center that will be constructed at US 41 and 19th Ave. NW in Ruskin. 

Senior Associate Sandra Woodworth negotiated all five transactions representing the landlord, Publix Super Markets, Inc. who anticipates their new store and retail center will be open and ready for occupancy in December of this year. 

ZPAN, a Japanese restaurant leased 2,400 square feet; and China 1, Great Clips, H&R Block and Posh Nails & Spa all leased 1,200 square feet in the 56,831 square foot shopping center which is 95.78 percent leased prior to ground breaking.     

For a complete copy of the company’s news release, please contact:

Beth Payan Larry Vershel Communications, 407-644 4142 or 407-461 3781 lvershelco@aol.com.

Passco Companies Acquires Core Retail Asset With Strong Tenant Mix in Affluent Rancho Cucamonga, CA Market

Day Creek Village Shopping Center, Rancho Cucamonga, CA

Bob Peterson

Inland Empire, California  – Passco Companies, LLC,  has acquired Day Creek Village, a 100-percent leased neighborhood shopping center in Rancho Cucamonga, the second largest submarket in California’s Inland Empire market.

“This property is a strong addition to our portfolio based on its excellent tenant mix and local demographics,” explains Bob Peterson, Vice President of retail acquisitions for Passco Companies. “We continue to seek stabilized retail assets in growing markets with the potential for strong performance over time.”

Peterson notes that the Inland Empire boasts a population of 4.5 million residents, with the population immediately surrounding Day Creek Village projected to grow by more than five percent in the next five years. 

Further, Rancho Cucamonga’s median household income is 47 percent higher than the Inland Empire as a whole.  In the one-mile radius of the center, the average household income is $111,000.

These facts translate to strong consumer buying power that will drive value for the asset, according to Peterson.

“This center has generated positive cash flow since it was built,” explains Peterson.  “It is located in a growing market, and has commanded increasing asking rates over the last two years.”

CJ Osbrink

The 25,002 square-foot Day Creek Village shopping center is shadow-anchored by a Ralph’s grocery store, and currently has 14 tenants, including Starbucks, Wells Fargo, Super Cuts, Subway, and Orange Theory Fitness.

Peterson notes, “This submarket has not delivered any new retail inventory since 2009, making Day Creek Village one of the newest centers in the area.  Based on the asset’s strong tenants and limited competition in this growing Southern California market, we are confident in this acquisition.”

Day Creek Village is located at 12223 - 12273 Highland Avenue in Rancho Cucamonga, California.  The property is situated at the intersection of Day Creek Boulevard and Highland Avenue, in close proximity to the 210 Freeway, and is visible to a traffic count of 21,000 vehicles each day along Day Creek Boulevard.

Passco Companies acquired the center for $15.8 million.  HFF’s CJ Osbrink and Gleb Lvovich represented both Passco as the buyer and Day Creek Village, LLC as the seller in this off-market transaction.

For a complete copy of the company’s news release, please contact:

Lexi Astfalk

Account Executive

Brower, Miller & Cole

895 Dove Street, Third Floor

Newport Beach, CA 92660

p: (949) 955-7940

lastfalk@browermillercole.com