Next-Generation DICK’S Store To Open at Rosedale Center in Roseville, MN

 

Lisa Crain

Roseville, MN, Oct. 2, 2024—Rosedale Center, a 1,142,972-square-foot shopping center located in the heart of the Twin Cities, has completed construction of a new 80,000-square-foot DICK’S location. Rosedale Center will host a ribbon cutting ceremony on October 16 with a grand opening community celebration scheduled for October 26 that will feature celebrities, mascots, cheerleaders and more.

 

Holly Rome,

The new DICK’S store features golf hitting bays with TrackMan technology, a HitTrax multisport cage, House of Cleats, equipment services counter, an expanded premium footwear selection and apparel, accessories and equipment from the hottest brands.

 

 JLL’s retail development partner, Poag Development Group, led construction management of the project at the parcel formerly occupied by Herberger’s.

Rosedale Center, a 1,142,972-square-foot shopping center

located in the heart of the Twin Cities,

 has completed construction of a new

 80,000-square-foot DICK’S location.

The addition of DICK’S comes after several recent milestones at the center including hosting NHL WildFest and the opening of new police substation opening in September. Furthermore, Woodhouse Spa, a leading, luxury concept centered upon health, wellness, and self-care opened in July 2024. 

 

Other tenants to join the center in recent months include IKEA Design Studio, Lululemon, Anthropologie, Warby Parker, Hollister and Shake Shack.

Lane Walsh

“Each and every day, we are focused on delivering a better experience, more choices and uniqueness to the Rosedale Center guest,” said Lisa Crain, Vice President Retail/General Manager.  “The addition of DICK’S as well as other new additions are part of our ongoing efforts.  We will continue listening to the community and our guests as we create the premier destination in the area.”

 

Holly Rome, JLL Executive Vice President of National Retail Leasing, and Lane Walsh, JLL Vice President of National Retail Leasing lead the leasing effort at Rosedale Center and secured the lease with DICK’s. 

 

“Consumer needs and wants continue to evolve and we will evolve with them,” said Rome. “We continue to seek out forward-thinking, unique brands that appeal to our visitors.”

 

According to JLL’s Q2 2024 United States Retail Market Dynamics Report, experiential tenants continue to expand steadily in 2024, accounting for 15% of all leasing activity over the past two years.  Additionally, consumer spending on entertainment, which includes golf and fitness, saw year-over-year growth in the second quarter.

 

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 poagdevelopmentgroup.com

 

 

 

Lincoln Secures Institutional Buyer for Buckeye85 Industrial Building Sale in Phoenix, AZ

 PHOENIX, AZ – Full-service commercial real estate firm Lincoln Property Company (Lincoln) and partner Goldman Sachs  announced the sale of Buckeye 85, a Class A industrial building located in the heart of metro Phoenix’s Interstate 10 Corridor. The buyer is LaSalle. The price was not disclosed.

David Krumwiede

“We are very pleased to announce this sale and appreciate what it has to say about the continued strength of the metro Phoenix industrial market,” said Lincoln Property Company Senior Executive Vice President David Krumwiede.

“LaSalle is a highly respected and strategic buyer. Their selection of Buckeye85 is a compliment to the quality and stability of the project, and to Phoenix’s ongoing ability to attract prime institutional capital to its industrial sector.”

Will Strong and Molly Hunt of Cushman & Wakefield represented Lincoln as the investment sales brokers for Buckeye85. Marc Hertzberg and Riley Gilbert served as the investment sales team’s property leasing experts. Gilbert also represented Tempur-Pedic in its lease agreement, bringing Tempur-Pedic’s metro Phoenix industrial footprint to nearly 1.5 million square feet.

Marc Hertzberg

Totaling 321,892 square feet, Buckeye85 is fully leased to leading mattress and pillow maker Tempur-Pedic, part of Tempur Sealy International, Inc. (NYSE: TPX).

 The lease represents an expansion of the company’s long-standing, multi-building metro Phoenix logistics presence. Tempur-Pedic uses the Buckeye85 facility to distribute to the Western U.S., from Colorado to the Pacific Coast.

“Buckeye85 was designed to give a modern user efficiencies and amenities that support long-term success strategies,” said Lincoln Property Company Vice President John Orsak. “That generated quick interest from multiple tenants, and ultimately a pre-lease to Temur-Pedic signed prior to completion of construction.”

Buckeye85 sits on 20 acres at 10333 W. Buckeye Rd., at the southwest corner of 103rd Avenue and Buckeye Road/MC-85 Highway in Phoenix, Arizona. The building features 36’ clear height, full concrete truck courts, a 95-door cross-dock configuration and a speculative office suite.

Will Strong

It also reflects Lincoln’s trademark “creative industrial” approach, incorporating amenities like smart technology, generous clerestory windows and an employee-centric outdoor amenity space with shaded and landscaped areas, built-in barbeque equipment and seating for relaxing, outdoor dining and games.

Buckeye85 is two miles from a full-diamond interchange at I-10 and 107th Avenue, within a world-class e-commerce market that is home to companies like Amazon, McKesson, Pepsico, Kroger and Home Depot.

For more information on leasing and development opportunities with Lincoln, call David Krumwiede or John Orsak at (602) 912-8888.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. 

Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe.

Buckeye 85, a Class A industrial building located
in the heart of metro Phoenix’s Interstate 10 Corridor

 Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline.

CONTACT:

STACEY HERSHAUER
T 480.600.0195
stacey@focusaz.com

www.lpc.com.

 

 

Brent LeBlanc Tapped to Spearhead Business Development for Peachtree Group in Atlanta

 

Brent LeBlanc 

 

ATLANTA, GA – Peachtree Group (“Peachtree”) is pleased to announce that Brent LeBlanc is now leading the firm's business development efforts across its investment platforms. In his new role as executive vice president, business development, Brent will support Peachtree's efforts to grow and expand its vertically integrated investment platforms.

 

With roughly 30 years of hospitality real estate experience, LeBlanc has successfully launched hotel brands and completed complex real estate transactions with the largest hotel operators and developers in the U.S. 

 

"This year, Peachtree surpassed $10 billion in transaction investment value, and we see a tremendous opportunity to grow our business further but realize we need to prioritize our business development efforts to enhance our competitive edge in the market,” said Greg Friedman, Peachtree's managing principal and CEO. “Brent is a long-serving trusted leader and the right person to guide Peachtree's business development forward effectively.”

Greg Friedman

LeBlanc joined Peachtree in 2012 to lead an aggressive growth strategy to expand Peachtree’s footprint into the western U.S. and strengthen relationships with premium-branded hotels such as Marriott, Hilton, Hyatt and IHG. During that time, LeBlance participated in more than $4.0 billion in real estate transactions across the enterprise.

  

LeBlanc most recently served as executive vice president, capital markets, building and expanding the leadership team for Peachtree's broker-dealer affiliate, Peachtree PC Investors ("PPCI"). 

Brian Cho

He has been instrumental in scaling up PPCI’s capital markets, investor relations and sales efforts and strengthening its financial and compliance operations. Most notably, he brought in Brian Cho as PPCI's president last year, who will continue to oversee all areas of equity capital markets.

 

"By prioritizing business development, we are positioning ourselves to capitalize on emerging opportunities and navigate the evolving financial landscape," Friedman said.

 

Contact:

 

Charles Talbert                                                                                               

678-823 7683                                                                                                  

ctalbert@peachtreegroup.com        

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.peachtreegroup.com.

 

JLL Capital Markets handles sale of Shops at Midtown Miami, a 347,740-square-foot grocery-anchored retail center in Miami, FL

Kim Flores

 

 MIAMI, FL –  JLL Capital Markets has secured the sale of Shops at Midtown Miami, a 347,740-square-foot grocery-anchored retail center in Miami, Florida. The price was not disclosed.

 

JLL worked on behalf of the seller to procure the buyer, Benderson Development.

 

Danny Finkle

The Shops at Midtown Miami occupies over 18 acres and boasts an impressive leasing rate of 98.3%. Built in 2006, the center boasts an exceptional lineup of national retailers, including Target, Ross Dress for Less, Dick’s Sporting Goods, Marshalls and HomeGoods, and attracts a steady stream of over 3.4 million annual visitors. 

 

With its strong tenant mix and reliable revenue, this property presents a secure and diverse investment opportunity. Additionally, the center offers the convenience of 2,860 structured garage parking spaces, ensuring an enjoyable shopping experience for visitors.

 

The Shops at Midtown Miami, situated at 3401 N Miami Ave., offers a prime location that caters to a diverse consumer base. With its proximity to major highways such as I-95, I-195 and I-395, this retail center provides easy access to popular neighborhoods including Miami Beach, Downtown, Design District and Brickell, making it appealing to both affluent residents and tourists.

 

Surrounded by a vibrant mix of multi-family housing options and hotels, the center benefits from a bustling and dynamic local environment.

Eric Williams 

The Shops at Midtown Miami, a regionally-dominant center, benefits from its prime location and exceptional demographics. Situated in a five-mile radius, there are over half a million residents with an average household income of $91,184.

 JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director and Co-Lead of JLL’s Retail Capital Markets team Danny Finkle, Senior Directors Eric Williams and Jorge Portela and Vice President

Kim Flores.

 

“The Shops at Midtown Miami is one of South Florida’s most exciting projects set within a dynamic, high-energy location,” commented Finkle. “Projects of this quality and scale in a highly sought-after market like Miami rarely trade.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

Jorge Portela 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

Contact:

 

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

JLL Capital Markets brokers sale of Castle Hills Market in San Antonio, TX

 

Gianna New

 HOUSTON, TX – JLL Capital Markets has arranged the sale of Castle Hills Market, a 97,682-square-foot neighborhood retail strip in San Antonio, TX. The price was not disclosed.

Ryan West

JLL worked on behalf of the seller, Ziff Real Estate Partners, to procure the buyer, Kobalt Investment Company LLC.

Castle Hills Market, situated at 2211 NW Military Hwy., is strategically positioned on a vital retail artery in Northwest San Antonio, experiencing over 40,000 vehicles daily. 

With a population of 120,667 and an average household income of $139,000 within a 3-mile radius, the area presents outstanding demographics.

San Antonio is home to the largest concentration of IT and cyber security jobs outside of Washington DC, offering the city ample employment opportunities. 

John Indelli

In addition to being a top tourist destination in Texas and a military hub with four bases, San Antonio is attracting young families with its affordable housing options, excellent schools and central location.

 The city is experiencing a significant demographic shift and boasts a diverse economy.

Situated on over 6.71 acres and constructed in 1986, Castle Hills Market is a thriving shopping center. With an impressive occupancy rate of 91%, it houses key anchor tenants such as Alamo Bridal, Edward Jones, Allstate, St. James Place and Beast Gym.

 

JLL Capital Market’s Investment and Sales Advisory team was led by Senior Managing Director Ryan West, Senior Director John Indelli, Senior Director Chris Gerard, Director Whitney Snell and Analyst Gianna New.

Whitney Snell

“San Antonio's significant population growth, diverse economy and strong employment trends make it an attractive market for both investors and businesses,” said Snell. “Castle Hills Market presents a valuable asset in a prime location with strong demographics and tenant occupancy.”

Chris Gerard

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

CONTACT:

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com