The Mills Corp., Centerseat form programming alliance The Mills Corp. in Arlington, Va., and New York-based Centerseat LLC have formed an alliance to provide entertainment programming throughout the Mills properties. Launched in February, the program will expand The Mills Television Network, which targets shoppers. Music, film, lifestyle, science and technology, sports and kids will be the focus of the alliance with selections from original and acquired content broadcast on Centerseat.com.
Centerseat's programming will be presented at Potomac Mills, Franklin Mills, Sawgrass Mills and The Oasis at Sawgrass Mills, Gurnee Mills, Ontario Mills, Grapevine Mills, Arizona Mills, Concord Mills and Katy Mills.
Florida's Santa Rosa Mall receives $7 million facelift Construction has begun on a $7 million renovation of Santa Rosa Mall in Fort Walton Beach, Fla. The 752,000 sq. ft. regional mall is 23 years old and will undergo an extensive lighting, flooring and landscape restoration.
Anchors include Dillard's, McRae's, Sears and JCPenney. The center also has more than 120 specialty stores with a food court and two restaurants.
Montgomery, Ala.-based Jim Wilson & Associates developed and built the Santa Rosa Mall in 1976 and will be the construction manager on the project. Birmingham, Ala.-based Crawford McWilliams Hatcher Architects Inc. and Hoar Construction will serve as architect and general contractor, respectively.
Philipsborn Co. arranges financing for two Walgreens The Philipsborn Co. in Chicago has arranged mortgage financing for two Walgreens drug stores in Rockford and Rock Island, Ill. A long-term, fixed-rate mortgage for $3.3 million was provided for the Rockford property, and a $2.9 million long-term, fixed-rate mortgage was provided for the Rock Island property.
Omaha, Neb.-based Broadview Financial Services arranged financing for both properties.
Baita represents Jebco in Atlanta center purchase Atlanta-based Baita International LLC arranged the $11.9 million purchase of Battle Ridge center in Powder Springs, Ga., for a German-funded partnership. The seller, Atlanta-based Jebco Ventures, will manage the property.
First mortgage financing was provided by Columbus, Ohio-based Nationwide Insurance and was arranged by Dallas-based L.J. Melody & Co.
The 103,517 sq. ft. retail center, anchored by Kroger, was recently completed. Other retailers in the center include Community Trust Bank, BellSouth Mobility and H&R Block.
The Woodlands Operating Co. sells six retail properties The Woodlands Operating Co. of Houston has sold six retail properties to Amerishop Real Estate Services of Dallas for $51 million. The portfolio, already 98% occupied, includes 452,000 sq. ft. of freestanding properties and neighborhood centers.
The properties include a freestanding Wherehouse Music and a 17-screen Tinseltown theater; a strip center occupied by Jason's Deli and the Mattress Firm; Pinecroft I Center, anchored by Target, Marshall's and Barnes & Noble; Pinecroft II Center, anchored by Office Max and Ross Stores; and Wood Ridge Plaza, anchored by Norwalk Furniture, Office Depot and Mattress Giant.
Los Angeles-based CB Richard Ellis Inc. brokered the sale, which was closed by Houston-based Stewart Title of Montgomery County Inc.
Trademark, Bobeck begin Apple Glenn Crossing, phase 2 Trademark of Fort Worth, Texas, and Fort Wayne, Ind.-based Bobeck Real Estate will begin construction of the second phase of Apple Glen Crossing this summer.
Phase two will include 93,000 sq. ft. of retail space, occupied by Dick's Sporting Goods, PetsMart, Pier 1, Shoe Carnival, Fashion Bug and others. Also, Wal-Mart will expand to a supercenter.
Construction on the final phase of the project is expected to begin this summer, and will add 80,000 sq. ft. of retail space as well as an additional anchor, along with smaller retailers and restaurants. Completion of all 450,000 sq. ft. is scheduled for spring 2001.
Fort Wayne, Ind.-based Irmscher Inc. is the general contractor and Indianapolis-based Linder Co. is leasing the project.
Bryant Development acquires 1.4 million sq. ft. of retail Purchase, N.Y.-based Bryant Development Corp. has acquired an eight- center, 1.4 million sq. ft. portfolio from The Pennsylvania Public School Employees Retirement System for an undisclosed amount. Centers involved in the sale include Market Place in Temple, Texas; Anderson Mill; Century South; North Park; Round Rock West; Springdale; Towne Square; and West Woods, all in Austin, Texas.
Major tenants include HEB Grocery, Stein Mart, Montgomery Ward, Academy Sporting Goods, Hobby Lobby and Michael's. The property is 95% leased and is managed by Chicago-based RREEF.
U.S. Equities Realty completes sale of Indian Trail center Chicago-based U.S. Equities Realty LLC recently completed the sale of Indian Trail center in Aurora, Ill., for an undisclosed amount. The 92,000 sq. ft. complex is anchored by an Illinois Department of Transportation driver's license facility. The seller was a private partnership.
Transwestern purchases Fort Lauderdale center Chicago-based Transwestern Investment Co. LLC has acquired BeachPlace Shopping Center, on behalf of Aslan Realty Partners LLP, for an undisclosed amount. The 101,100 sq. ft. retail and entertainment center will be located on 275 ft. of beachfront property in Fort Lauderdale, Fla. There are approximately 50 tenants in the center including Gap, Banana Republic, Express, Bath & Body Works and Marriott International.
Harrison & Grass begin construction on Colonnade Lemoyne, Pa.-based Harrison & Grass LLC has broken ground on Colonnade, a 550,000 sq. ft. retail power center in State College, Pa. The project will be anchored by Target, Wegman's Supermarket, Circuit City, Dick's Sporting Goods, Michael's and PetsMart. Colonnade is scheduled to open this fall.
Leasing agent for the project is Bennett Williams Realty Inc.
Stonebriar Centre signs 14 additional retailers Chicago-based General Growth Properties has signed 14 new leases at its Stonebriar Centre near Dallas, which is slated to open in August. The 1.6 million sq. ft. super-regional mall has signed J. Crew, Abercrombie & Fitch, Charlotte Russe, Banana Republic, Ann Taylor, Talbots & Talbots Petites, Eddie Bauer, Guess, Gap, Rampage, Casual Corner and American Eagle.
Nordstrom, Macy's, Foley's, JCPenney, Sears and the first-ever Galyan's in Texas, have also committed to Stonebriar Centre. The project includes approximately 185 retail shops, restaurants, a 24-screen AMC theater and an NHL-sized ice arena in the project.