A&G Realty brings in senior managing director
Melville, N.Y. — Mike Matlat has joined A&G Realty Partners as senior managing director in the Melville, N.Y., office. Matlat comes to A&G from DJM Realty, bringing 20 years of real estate expertise in managing special non-retail projects.
In his new role, Matlat will expand A&G’s real estate advisory services into the hospitality, industrial and residential sectors. He has achieved more than $500 million in sales of warehouse, industrial, hospitality and residential space.
Cole acquires part of Evergreen Marketplace
Evergreen Park, Ill. — Cole Real Estate Investments has acquired a 49,225-sq.-ft. portion of the 450,000-sq.-ft. Evergreen Marketplace in Evergreen Park, Ill., for $9.9 million. Mid-America Real Estate Corporation represented the seller, Sterling Bay Companies.
The center is located just north of the northwest corner of Western Avenue & 95th Street in the near Chicago suburb of Evergreen Park. Meijer, Menards, Michaels and Ross Dress for Less. Cole purchased the portion featuring Michaels and Ross.
99 Cents Only opens in Garden Grove, Calif.
City of Commerce, Calif. — 99 Cents Only Stores will open a 15,635-sq.-ft. store in Garden Grove, Calif., on Sept. 19.
As part of the grand opening, the first nine customers may buy a 40-inch Westinghouse flat-screen TV for 99 cents. The chain currently operates 326 across the southwest.