Organic Roots Grocery Store Opens at McKinley Crossroads in Corona, California |
|
|
|
April 29, 2020 • Issue 418 |
 |
|
|
|
In light of ICSC’s announcement that there will be no 2020 RECon, we've decided to move forward with our annual "convention" issue of the magazine. The industry may not be able to gather in Vegas this year, but we still need to connect, close deals and make plans for 2020 and beyond as the industry recovers.
You can think of the May 2020 issue of Shopping Center Business magazine as a "convention in print" issue. As always, we will distribute print and digital versions of the magazine. We will deliver to our readers the articles and business leads you need — and we will deliver the messages of our advertisers via our broach reach in the industry. For information on advertising, contact Scott France at 404-832-8262 or scott@francemediainc.com. |
|
|
German Doner Kebab Plans to Open 350 Restaurants in US, with First Location Slated for American Dream Mall |
 |
German Doner Kebab specializes in doner kebab, which is a slow-cooked meat often served on a flatbread. |
East Rutherford, N.J. — German Doner Kebab (GDK), a fast-casual restaurant chain, plans to open 350 restaurants in the United States over the next seven years. The first location will be within American Dream in East Rutherford.
The Glasgow, Scotland-based company specializes in doner kebab, which is a slow-cooked meat often served on a flatbread. GDK operates more than 70 locations in the United Kingdom, Sweden, Dubai, Abu-Dhabi, Oman, and Bahrain. GDK also plans to open locations in Ireland and Saudi Arabia.
New York City-based JAACRES is representing GDK in finding American locations. Joseph Aquino of JAACRES said the company is seeking locations in malls, strip centers and central business districts. GDK plans to open later this year as part of the American Dream’s grand opening. |
|
|
|
|
Cushman & Wakefield Brokers $31.5 Million Sale of Shopping Center in Lawnside, New Jersey |
 |
The Lawnide Commons shopping center is located at 310 White Horse Pike. |
Lawnside, N.J. — Cushman & Wakefield has brokered the $31.5 million sale of Lawnside Commons, a 151,000-square-foot retail property in Lawnside, a southwestern suburb of Philadelphia.
Home Depot anchors the center, which is located at 310 White Horse Pike, and the tenant roster includes PetSmart, Wendy’s, T-Mobile and Mattress Firm. Andrew Merin, David Bernhaut and Gary Gabriel led a Cushman & Wakefield team that represented the undisclosed seller.
The team also procured the buyer, a joint venture between MCB Real Estate LLC and United Hampshire US REIT. |
|
|
Organic Roots Grocery Store Opens at McKinley Crossroads in Corona, California |
 |
Organic Roots has opened its second location at McKinley Crossroads in Corona, California. |
Corona, Calif. — Organic Roots, a family-owned organic and natural food store, has opened a its location at McKinley Crossroads. ShopOne Centers REIT owns the property, located in Corona.
This is the retailer’s second store, joining its existing location in Temecula. Organic Roots offers local, organic products, all-natural foods, health and body care products, and supplements.
Additionally, the store features a wide selection of foods for specialized diets, including vegan, vegetarian, gluten free, low sugar, paleo and keto.
Organic Roots will be open to seven days a week from 9 a.m. to 7 p.m. and will offer senior citizen shopping hours and curbside pickup for the duration of the coronavirus pandemic. |
Uber Capital Arranges $11 Million Acquisition Loan for Shopping Center in Logan, West Virginia |
 |
Fountain Place was built in 1997 at 1103 George Kostas Drive, four miles west of downtown Logan, West Virginia. |
Logan, W.Va. — Uber Capital Group has arranged an $11 million acquisition loan for Fountain Place Shopping Center, a 226,096-square-foot retail property in Logan.
The five-year loan features a fixed 4.5 percent interest rate and a 20-year amortization schedule. Fountain Place was built in 1997 at 1103 George Kostas Drive, four miles west of downtown Logan.
At the time of sale, the property was leased to tenants including anchors Lowe’s Home Improvement and Walmart Supercenter, as well as Rue 21, Burkes Outlet, Shoe Show Mega Store, Dollar Tree, Southern West Virginia Health System, Appalachian Regional Healthcare and McCoy Dental. A regional lender based in Virginia provided the loan to the undisclosed borrower, a private investor based in New York. |
Longtime Atlanta Restaurant Broker Harold Schumacher Dies at Age 72 |
Atlanta — Harold Schumacher, founder of The Schumacher Group in Atlanta, died Saturday at the age of 72.
Schumacher attended Michigan State University and moved to Atlanta as a public school teacher in the 1970s. He worked part-time as a restaurant critic for The Atlanta Journal-Constitution.
Schumacher worked at The Shopping Center Group, now known as TSCG, as a broker for four years before founding The Schumacher Group in 1991. Some of Schumacher’s major clients include Verizon Wireless, Bruster’s, Metrotainment Cafes (Hudson Grill and Garrison’s), Varasano’s Pizza and Golden Corral.
The firm also is part of the Retail Brokers Network, a national consortium of independent retail and restaurant pros.
“Harold was a long-time friend and supporter of Shopping Center Business and a friend to many in the industry,” says Randall Shearin, Editor of Shopping Center Business. “At least once a year, we met for breakfast or went to a Braves game and discussed the Atlanta restaurant scene; he did this with many people in the industry and a number of reporters in Atlanta. His knowledge of the market was unparalleled, and as a former journalist, he knew what made a great story. His friendship will be missed by many in the industry.” |
More Recent Stories |
NorthMarq Arranges $14 Million Refinancing for Village Square Shopping Center Near Miami
Houlihan-Parnes Arranges $10 Million Construction Loan for Stop & Shop Store in Woodmere, New York
JLL Brokers Sale of Two-Building Retail Property in Downtown Milwaukee
Marcus & Millichap Arranges $6.8 Million Sale of Natural Grocers-Occupied Retail Asset in Denver
R.J. Brunelli Negotiates 25,067-Square-Foot Retail Lease for Fitness Center in Yardville, New Jersey
Mid-America Arranges Sale of Roseville Towne Center in Suburban Detroit
Passman Group Arranges Sale of Three-Parcel Land Site in Los Angeles |
|
|
|
|
Are you getting all the news you need?
|
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. |
|
|
|
|
|
|
|
|
|
|
|
|
|
