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Apex Entertainment to Open 84,000-Square-Foot Location at Former Dick’s Sporting Goods Within Town Center of Virginia Beach
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October 28, 2020 • Issue 444
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Primestor Completes 114,431-Square-Foot Retail Element of Jordan Downs in Los Angeles
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Smart & Final Extra!, Blink Fitness, Nike, Ross Dress for Less, Starbucks Coffee and The Habit are tenants at Freedom Plaza, the retail component of Jordan Downs in Los Angeles’ Watts neighborhood. (Rendering courtesy of Nadel Architecture + Planning)
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Los Angeles — Primestor Development, along with Nadel Architecture + Planning as architect, has completed the development of Freedom Plaza, the retail component of the Jordan Downs mixed-use community in Los Angeles’ Watts neighborhood.
Located at 9901 S. Alameda St., Freedom Plaza features 114,431 square feet of retail space for stores and restaurants, as well as landscaped promenades and community gathering spaces.
Tenants at the plaza include Smart & Final Extra!, Blink Fitness, Nike, Ross Dress for Less, Starbucks Coffee and The Habit. Read more here.
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Newmark Negotiates Sale of 760,000-Square-Foot Stamford Town Center in Connecticut
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Taubman has sold the 760,000-square-foot Stamford Town Center in Connecticut to furniture company Yaraghi Realty.
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Stamford, Conn. — Newmark has negotiated the sale of the 760,000-square-foot Stamford Town Center, an urban mall in the city’s downtown area that was built in 1982 and houses approximately 100 tenants. According to the Stamford Advocate, the sales price was $20.1 million.
The sale includes an additional 10 acres and a 3,500-space parking garage. Christian Bangert of Newmark represented the buyer, Yaraghi Realty, a division of family-owned furniture provider Safavieh, in the transaction.
Christopher Hoffmann and Steven Livaditis of Eastdil Secured represented the seller, Taubman Centers. Anchor tenants at Stamford Town Center, which is located just two blocks north of Interstate 95, include Macy’s, Saks Fifth Avenue OFF 5th, H&M and Barnes & Noble.
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Shopping Center Business Magazine
September 2020 Digital Edition
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Cover Story
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Philadelphia Sees Expansion Amid Recovery
Six months into the public health crisis, the city’s retail sector is showing visible signs of recovery, including opening of some newer retail space.
Inside this Issue
- Driving Through: How Dunkin’ Brands is continuing restaurant development in a pandemic reality.
- Be Social, Go Shopping And Stay Safe: Outdoor spaces have become more important for shopping and dining, as shoppers seek outdoor environments for safety.
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Buchanan Provides $25 Million Construction Loan for Retail Center in Metro Los Angeles
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Stater Bros. Markets, In-N-Out Burger, Raising Cane’s Chicken Fingers, Chipotle Mexican Grill, EOS Fitness and a public food market are slated to occupy Whittier Retail Center at the entrance to The Groves residential community.
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Whittier, Calif. — Buchanan Mortgage Holdings has provided a $25 million construction loan for the development of Whittier Retail Center, a family-oriented shopping center at the entrance of The Groves residential community in Whittier.
The 16-acre retail site will feature a Stater Bros. Markets, In-N-Out Burger, Raising Cane’s Chicken Fingers, Chipotle Mexican Grill, EOS Fitness and a public food market.
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Apex Entertainment to Open 84,000-Square-Foot Location at Former Dick’s Sporting Goods Within Town Center of Virginia Beach
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Virginia Beach, Va. — Apex Entertainment will open an 84,000-square-foot location at the former site of a Dick’s Sporting Goods within Town Center of Virginia Beach.
The asset will be situated at 4631 Columbus St., equidistant between downtown Norfolk and Virginia Beach.
The property will feature a variety of activities including indoor go karting, bowling, laser tag and escape rooms. Read more here.
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Madison Partners Arranges $18.7 Million Sale of Retail, Creative Office Property in Santa Monica
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Sunglass Hut, SuperDry and Mobile Deluxe are tenants at 1334 Third Street Promenade in Santa Monica, California.
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Santa Monica, Calif. — Madison Partners has arranged the sale of 1334 Third Street Promenade, a retail and creative office building in Santa Monica.
Third Street Limited sold the asset to Vista Investment Group for $18.7 million, or $847 per square foot. Read more here.
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France Media publishes 12 free e-newsletters, covering commercial real estate by region or with a focus on specific property types, including retail, student housing and seniors housing.
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