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SCOTTSDALE, AZ-The buyer once again is International Capital Partners, which closes its third acquisition in about three weeks. The deal's sweet spot is that there was no debt to assume on the 151,490-sf office and industrial park.
SAN ANTONIO-A Jack-in-the-Box signing has jumpstarted a 21,000-sf first phase development for the San Pedro Towne Center in San Antonio's north central submarket. The restaurateur will use the site to test its newest idea, Quick Stuff.
OCEANSIDE, CA-Barnes & Noble Booksellers, Michaels Arts & Crafts, Chili's Grill & Bar and Macaroni Grill have signed leases with Center Trust Inc. of Manhattan Beach for space in Oceanside's oldest and largest shopping center.
PHILADELPHIA-The West Conshohocken, PA-based company divests its portfolio of two industrial buildings totaling 300,027 sf in order to focus on its core strategy of acquiring big-box warehouse facilities in the Northeast corridor. The buyer is Mobile, AL-based Baker Properties.
GILBERT, AZ-Life Time Fitness acquires land in Gilbert as it preps to open its first metro location in Tempe. The plan is to build a 110,000-sf center on the southeast corner of Gilbert and Warner roads.
PASADENA, CA-Los Angeles-based developer Maguire Partners is scheduled to break ground today on the second phase of its Plaza Las Fuentes project, financed in part by a $15.7 million mezzanine loan from Glendale, Calif.-based American Realty Advisors.
SEATTLE-A five-story, 75-unit residential-over-retail development is planned for Northeast 65th Street between Roosevelt Way Northeast and 12th Avenue Northeast. An early design guidance meeting is scheduled for next week.
AUSTIN-The seven-year lease goes to Southwest Strategies Group for its Penn Field at 3601 S. Congress Ave. The tenant's intent was to find one site for the rental and tent operations as it grows through acquisitions.
ATLANTA-Continuing to fill its portfolio with shopping centers in the Southeast, the Oak Brook, IL-based Retail REIT adds its first Alabama center. It pays $69 per sf for the 222,019-sf mall near the University of Alabama, which is 97% leased.