RETAIL INVESTMENT ADVISORS€¦ · Ocala West Ocala, FL 114,877 Hobby Lobby, Sky Zone Trampoline...
Transcript of RETAIL INVESTMENT ADVISORS€¦ · Ocala West Ocala, FL 114,877 Hobby Lobby, Sky Zone Trampoline...
RETAIL INVESTMENT ADVISORS Active Listings
Q1 2018
Active Listings
Q1 2018
RETAIL INVESTMENT
ADVISORS
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Property Location SF Anchors Type
Doral Commons - Closed 1/18 Miami, FL 138,091 Publix, TJ Maxx Grocery-Anchored
McAlpin Square - Closed 12/17 Savannah, GA 173,952 Kroger, Big Lots, Goodwill, USPS Grocery-Anchored
Ocala West Ocala, FL 114,877 Hobby Lobby, Sky Zone Trampoline Park Power/Lifestyle
Old Cutler Towne Center - Closed 12/17 Miami, FL 106,427 Publix Grocery-Anchored
Page Field Commons - Closed 12/17 Fort Myers, FL 319,359 Dick’s, Toys R Us, Best Buy, FIve Below Power/Lifestyle
Springs Plaza Bonita Springs, FL 195,654 Winn-Dixie, LA Fitness, Bealls Outlet Grocery-Anchored
Valley Bend Huntsville, AL 425,432 Hobby Lobby Power/Lifestyle
Village Plaza - Closed 12/17 Lakeland, FL 158,956 Hobby Lobby, Big Lots, Party City Power/Lifestyle
Village of Oriole Plaza - Closed 12/17 Delray Beach, FL 155,770 Publix, Pet Supermarket Grocery-Anchored
Westbury Square Huntsville, AL 117,689 TJ Maxx, Stein Mart, Michaels Power/Lifestyle
Winchester Plaza Huntsville, AL 75,780 Publix Grocery-Anchored
Property Location SF Anchors Type
Beachway Plaza Dania Beach, FL 60,376 Publix Grocery-Anchored
Brooksville Square Brooksville, FL 96,361 Habitat for Humanity, Dollar Tree Power/Lifestyle
Capital West Tallahassee, FL 87,776 Ross, Bealls, Dollar Tree Power/Lifestyle
Fountains of Miramar Miramar, FL 158,956 Ross Dress for Less, Marshalls, HomeGoods Power/Lifestyle
Orlando Fashion Square Orlando, FL 838,865 Dillard’s, JC Penney, Macy’s, Premiere Cinemas Regional Mall
The Shoppes at Western Woods North Lauderdale, FL 48,087 Publix Grocery-Anchored
Southland Mall Miami, FL 983,846 JC Penney, Regal Cinemas, TJ Maxx, LA Fitness Regional Mall
Cushman & Wakefield’s Retail Investment Advisors is pleased to offer for sale Fountains of Miramar, a 139,329 sf
high-quality community shopping center located in Miramar, FL. Completed in 2005, the center is 93% leased and
anchored by a best-in-class line-up led by Ross Dress for Less, Marshalls, a brand new HomeGoods, Pet Supermarket
and shadow-anchored by a high-volume Home Depot. This offering represents the unique opportunity to acquire a
dominant, institutional-quality community shopping center featuring an ideal discount anchor line-up and enjoying
an irreplaceable location at an I-75 interchange within one of West Broward’s strongest trade areas.
INVESTMENT HIGHLIGHTS:
� Prime Location - High Traffic Intersection: 91,500 VPD
� Highly desirable West Broward Trade Area – Miramar / Pembroke Pines
� Heavily trafficked center - Ross and Marshalls are top performers for their chains
� Credit tenants represent 74% of revenue
� Strong leasing momentum - Brand new HomeGoods replaces Office Depot, enhancing tenant-mix
FOUNTAINS OF MIRAMAR | Miramar, FL
On the Market
Under Contract
Featured Listing
Active Listings
Q1 2018
RETAIL INVESTMENT
ADVISORS
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Property Location SF Anchors Type
Lexington Square Lexington, SC 76,200 Lowe's Food Grocery-Anchored
West Market Street Station Akron, OH 54,013 Whole Foods Market 365 Grocery-Anchored
Tiger Point Gulf Breeze, FL 147,485 Winn-Dixie, Bealls Grocery-Anchored
Palisades Birmingham, AL 245,936 Badcock Furniture, Riviera Fitness, Virginia College Grocery-Anchored
Property Location SF Anchors Type
Siena at St. Clair Pittsburgh, PA 39,510 Whole Foods Market Grocery-Anchored
Westbury Square Huntsville, AL 117,689 TJ Maxx, Michaels, Stein Mart Power/Lifestyle
On the Market
Under Contract
Featured Listing
Cushman & Wakefield Retail Investment Advisors is pleased to offer for sale Lexington Square, a newly constructed
shopping center anchored by Lowes Foods in Lexington, South Carolina. Completed in 2017, the center totals
85,512 sf and is currently 92% leased to a high-quality line-up with national/ regional tenants representing 82% of
the total GLA. This offering represents the unique opportunity to acquire a newly constructed grocery-anchored
shopping center in an affluent suburb of Columbia, the state capital.
LEXINGTON SQUARE | Lexington, SC
INVESTMENT HIGHLIGHTS:
� Highly Desirable and Affluent Trade Area - Lexington
� Prime Location - Primary East/West Arterial Road: 36,700 VPD
� National/ Regional Tenants Represent 82% of Revenue
� E-Commerce Resistant and Best-In-Class Tenants
� Weighted Average Remaining Lease Term of 15.9 Years
Active Listings
Q1 2018
RETAIL INVESTMENT
ADVISORS
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Property Location SF Anchors Type
Berkeley Place Bluffton, SC 129,927 Cinemark Mixed-Use Retail/Office
Hopkinsville Towne Center Hopkinsville, KY 184,761 Hobby Lobby, TJ MAXX, PetSmart Community Center
Indiana Grocery Portfolio (6) Multiple - IN 830,000 Kroger, Dollar Tree, Ace Hardware Grocery-Anchored
Shoppes on Six Elkhart, IN 95,669 Ross, PetSmart, Shoe Carnival, Five Below Community Center
Sturgis Plaza & Owosso East Multiple - MI 215,691 Kroger, Goodwill, Family Dollar, Tractor Supply Grocery-Anchored
Property Location SF Anchors Type
10 East Delaware Place Chicago, IL 2,219 Joe & The Juice Urban
900 West Armitage Chicago, IL 8,325 Foxtrot, Jeni’s Ice Creams Urban
36 South State Street Chicago, IL 18,799 BLICK Art Materials Urban
Joffco Square Chicago, IL 95,204 Best Buy, Bed Bath & Beyond, JOANN Urban
Evergreen Promenade Evergreen, IL 92,423 Mariano’s, PetSmart Grocery-Anchored
Woodland Commons Buffalo Grove, IL 177,273 Mariano’s, Marshalls, Grocery-Anchored
Elmhurst City Centre Elmhurst, IL 39,090 Walgreens, Buffalo Wild Wings Transit-Oriented
Cobbler Crossings Elgin, IL 102,643 Jewel-Osco Grocery-Anchored
Townes Crossings Oswego, IL 105,731 Jewel-Osco Grocery-Anchored
Fairlawn Plaza Fairlawn, IN 50,567 Dollar General, Goodwill, CitiTrends Neighborhood Center
Madison Center Madison, IN 65,195 Big Lots Neighborhood Center
Under Contract
Featured Listing
Cushman & Wakefield Retail Investment Advisors presents Evergreen Promenade, a dominant grocery anchored
shopping center located in the dense Chicago submarket of Evergreen Park. Recently constructed in 2014, Evergreen
Promenade is a fully occupied 92,423 square foot urban shopping center that consists of two separate buildings:
a free-standing Mariano’s grocery store and a 3-tenant retail center anchored by PetSmart. The combined size of
Mariano’s and PetSmart account for 96% of the center’s gross leasable area and 95% of the total base-rent. All four
tenants at Evergreen Promenade incur rental increases throughout their initial lease term and options.
INVESTMENT HIGHLIGHTS:
� Dominant grocery anchored center in one of Chicago’s densest submarkets
� Free-standing Mariano’s (Kroger) on a new 20-year lease
� Three-tenant PetSmart anchored center, all tenants with increases during initial lease terms
� Mariano’s and PetSmart account for 96% of GLA and 95% of base-rent
� New Construction with easy access and lighted intersection
� 78,000 Cars per Day at the 95th Street/Western intersection
� High barriers to entry: 225,000 Residents in 3 miles, and 626,000 in 5 miles
EVERGREEN PROMENADE | Evergreen Park, IL
On the Market
Active Listings
Q1 2018
RETAIL INVESTMENT
ADVISORS
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Property Location SF Anchors Type
Superstition Gateway Mesa, AZ 495,506 Walmart, Kohl's, LA Fitness, AMC Theatres Power
SanTan Village Marketplace Gilbert, AZ 285,581 Walmart, Sam's Club, Jo-Ann Fabrics, Big Lots Power
Crossroads Towne Center Surprise, AZ 156,410 99 Cent Only, Harbor Freight, Big 5 Sporting Goods Neighborhood
Towne Center Phoenix, AZ 140,644 Ross, PetSmart, dd's Discounts, Big 5 Sporting Goods Community
Camelback Village Phoenix, AZ 132,730 Fry's Food & Drug, Office Max Neighborhood
Highlands Village Mesa, AZ 87,008 Bashas', Chase Bank Neighborhood
The Shops at Prescott Gateway Prescott, AZ 34,674 Trader Joe's Neighborhood
Glendale Northwest Glendale, AZ 16,706 Walmart, Sam's Club, LA Fitness Strip Retail
Property Location SF Anchors Type
Paradise Marketplace Las Vegas, NV 77,997 Smith's, Dollar Tree Neighborhood
Tropicana Marketplace Las Vegas, NV 69,430 Smith's, Family Dollar Neighborhood
The Plant Chandler 56,831 Sprouts Farmers Market Neighborhood
On the Market
Under Contract
Featured Listing
Cushman & Wakefield is pleased to offer Superstition Gateway (“The Property”), an institutional-quality destination
shopping center located at the US 60 & Signal Butte Road in Mesa, Arizona. In the shadow of a top-performing
Walmart, the Property consists of 495,506 square feet of retail space that is 95.6% leased, with national tenants
making up 96% of the occupied GLA. Major tenants include Kohl’s (Ground Lease), LA Fitness and AMC Theatres.
Notable junior anchors include Ross Dress for Less, Bed, Bath & Beyond, Michael’s, Petsmart and Old Navy. The total
GLA of the center, including pads and outparcels, is 495,506 square feet, making the asset one of Mesa’s dominant
retail destinations.
SUPERSTITION GATEWAY | Mesa, AZ
INVESTMENT HIGHLIGHTS:
� Prime Location
� Exceptional Demographics
� Seasoned Tenant Roster
� Solid Income Stream
� Offering Includes Shops and Outparcels
� Located at Mesa’s Dominant Regional Retail Destination
Active Listings
Q1 2018
RETAIL INVESTMENT
ADVISORS
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Property Location SF Anchors Type
Chico Crossroads Chico, CA 267,390 FoodMaxx, Bed Bath & Beyond, Michaels, Petco, Barnes & Noble Grocery-Anchored
NorthPointe Shopping Center Modesto, CA 179,887 Save Mart, Costco (shadow), Lowe’s (shadow) Grocery-Anchored
Woodland Crossroads Woodland, CA 116,288 Grocery Outlet, Harbor Freight, Tractor Supply, Ross, Party City Grocery-Anchored
Scotts Valley Village Scotts Valley, CA 129,376 Safeway, CVS Pharmacy Grocery-Anchored
Scotts Valley Square Scotts Valley, CA 87,302 KMart, Dollar Tree Community
Grocery Outlet Weed, CA 19,995 Grocery Outlet Single-Tenant NNN
Paradise Plaza Paradise, CA 198,323 Save Mart, Paradise Fitness, Kmart, Dollar Tree Grocery-Anchored
Property Location SF Anchors Type
Pacheco Plaza Novato, CA 66,619 Nugget Market Grocery-Anchored
TJ Maxx & Staples Santa Rosa, CA 49,990 Shadow-Anchored by Orchard Supply (2) Single-Tenant NNN
Arden Watt Marketplace Sacramento, CA 137,714 Safeway, CVS Pharmacy, Dollar Tree Grocery-Anchored
559 Clay Street San Francisco, CA 17,520 --- Boutique Office Building
On the Market
Under Contract
Featured Listing
Arden Watt Marketplace is a 100% leased, 137,714 square foot, grocery/drug/fitness-anchored community shopping
center located in Sacramento, CA.
Built in 1999, the Property is anchored by a high-volume Safeway and CVS store, and features a California Family
Fitness, Dollar Tree and McDonald’s. Both CVS and McDonald’s own their improvements and pay ground rent, further
enhancing the quality of the Property’s income stream.
Safeway has recently signed a lease amendment under which it will lease a pad site at the Property and build a new
fueling station.
ARDEN WATT MARKETPLACE | Sacramento, CA
INVESTMENT HIGHLIGHTS:
� Anchored by Safeway and CVS
� 100% leased
� Impressive tenant sales
� Stable and growing income stream
� Compelling newCommerce tenant mix
� Excellent visibility and access
� Located on a key, high-traffic Sacramento intersection
Active Listings
Q1 2018
RETAIL INVESTMENT
ADVISORS
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Property Location SF Anchors Type
Blue Rubbon Shopping Center East Northport, NY 25,457 SF Firestone, State Farm, M K Cleaners Strip Center
Del’s Shopping Center Boonton, NJ 51,794 SF Kings Food Markets Grocery-Anchored
Dover Park Plaza Yardville, NJ 56,751 SF CVS, Dollar Tree Neighborhood Center
Hanover Crossroads Hanover, NJ 80,384 SF T.J. Maxx/Home Goods, Old Navy, Five Below Power Center
Mendham Village Shopping Center Mendham, NJ 79,940 SF Kings Food Markets Grocery-Anchored
On the Market
Property Location SF Anchors Type
Eastern Hills Mall Clarence, NY 796,598 SF The Bon-Ton, JC Penney, Sears Regional Mall
Under Contract
Property Location SF Anchors Type
Lodi Commons Lodi, NJ 85,053 SF Aldi, Blink Fitness, Dollar Tree, USPS Grocery-Anchored
Kearny Square Kearny, NJ 139,026 SF B.J.’s Community Center
Coming Soon
Featured Listing
Located in the densely populated Northern New Jersey Borough of Lodi, Lodi Commons is a 95% leased, 85,053 sf
necessity driven neighborhood center offering an ideal mix of a grocer, gym and service tenants.
The Center benefits from its infill Bergen County location providing a dense customer base of over 284,000 people
within a 3-mile radius. Lodi Commons offers direct access to the neighboring rooftops via multiple local roadways
that converge at the Center. Historically institutionally owned and managed, the asset and rent roll have been
positioned to attract and offer the right mix of anchors including ALDI, Blink Fitness, Dollar Tree and the U.S Post
Office.
LODI COMMONS | Lodi, NJ
INVESTMENT HIGHLIGHTS:
� E-Commerce resistant tenant mix: grocer, gym, services
� Moments from Route 46 (46,000 vpd) and 1,000’ frontage along Memorial Drive (21,000 vpd)
� Stable in-place cash flow with a diverse tenant mix, upside potential, and no concentrated roll
� Upside from dividing a large end-cap and finishing lease-up
©2018 Cushman & Wakefield. The information contained in this communication is confidential, may be privileged and is intended for the exclusive use of the above named addressee(s). If you are not the intended recipient(s), you are expressly prohibited from copying, distributing, disseminating, or in any other way using any information contained within this communication. If you have received this communication in error please contact the sender by telephone or by response via e-mail. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message. We expressly disclaim liability for any loss or damage caused by software viruses. FURTHERMORE, NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.
SAN FRANCISCOATLANTA
For more information, please contact:
MIAMI EAST RUTHERFORD
MARK GILBERTExecutive Managing Director(305) 533-2866 [email protected]
ANDREW MERINVice Chairman(201) 460-3358 [email protected]
BRIAN WHITMERExecutive Director(201) 508-5209 [email protected]
ADAM FEINSTEINExecutive Director(305) 533-2863 [email protected]
DAVID BERNHAUTVice Chairman(201) 460-3356 [email protected]
SETH POLLACKDirector(201) 508-5322 [email protected]
MITCHELL HALPERNDirector(305) 533-2855 [email protected]
H. GARY GABRIELExecutive Managing Director(201) 460-3352 [email protected]
TYLER ANDERSONAssociate(404) 853-5374 [email protected]
LANE BREEDLOVEAssociate(404) 682-3421 [email protected]
DONALD LEBUHNExecutive Managing Director(415) 773-3510 [email protected]
FAIN HICKSSenior Director(404) 682-3387 [email protected]
CHICAGO
MICHAEL MARKSSenior Director(312) 470-2317 [email protected]
EVAN HALKIASSenior Director(312) 470 -2318 [email protected]
PHOENIX
MICHAEL HACKETTExecutive Managing Director(602) 224-4449 [email protected]
RYAN SCHUBERTExecutive Managing Director(602) 224-4472 [email protected]
DANIEL WALDExecutive Managing Director(415) 677-0461 [email protected]