REAL ESTATE

EDENS acquires Historic shopping center in Dallas

BY Melonie Messina

EDENS announced it acquired Casa Linda Plaza, one of the oldest shopping centers in the Dallas, Texas. The 323,000 sq. ft. center, was first opened in the late 1940s.

Casa Linda Plaza is located five miles northeast of downtown, situated on three of the four corners at the intersection of Buckner Boulevard and Garland Road. The center is anchored by Albertson's and Petco, as well as, mix of local and national retailers including Pie Wei, Torchy's Tacos, El Fenix Restaurant, Highland Park Cafeteria, and Elliott's Hardware to name a few.

In 1939, Carl Brown began the process of turning part of his family farm into a shopping center – a place for the residents in this area to spend time together. It still fulfills that mission today with a mix of Main Street friendliness and modern goods and services in a walkable historic setting.

"This center is a part of the fabric of East Dallas and the White Rock Lake area; it's entrenched in the community," says Chad Braun, Managing Director. "Our goal is to continue to be good stewards of the property and maintain that reputation."

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DEVELOPMENT/REDEVELOPMENT

Final anchor to open in Port Arthur redevelopment project

BY Melonie Messina

Baker Katz announced that the 90,000 sq. ft. multi-tenant center redevelopment project in Port Arthur, Texas is complete with the opening of PetSmart.

The former Sutherlands Hardware was transformed into a multi-tenant retail center with the addition of national anchor tenants, including Hobby Lobby, PetSmart and Party City. Chipotle, Firehouse Subs and Gulfside Dental, are scheduled to open by early 2016, will occupy a 7,000 sq. ft. building in the foreground of the project.

“Prior to our purchasing this property in 2012, it had been vacant for many years,” stated Kenneth Katz, Principal for Baker Katz. “The new layout maximizes retail space and visibility, which resulted in attracting a number of prominent national retailers to the project. It is rewarding to see our work on this redevelopment come to a successful conclusion just in time for the holiday shopping season.”

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REAL ESTATE

Mid-America Real Estate arranges three new leases

BY Melonie Messina

Mid-America Real Estate announced three new retail leases recently signed.

New Bohemi signed a lease for 4,209 sq. ft. at Eagan Towne Centre located in Eagan, Minnesota off of Interstate 35. The 153,781 sq. ft. center is anchored by Cub Foods, Big Lots and Dollar Tree.

Title Boxing Club signed a lease for 3,495 sq. ft. at 55th and Lyndale located in Minneapolis. The 4,736 sq. ft. center is shadow-anchored by Walgreens, Midas, Enterprise and Kowalski’s.

Starbucks 2,025 sq. ft. at Southbridge Crossings located in Shakopee, Minnesota. The center is located at the corner of Crossings Boulevard and Stagecoach Road. Mid-America Tenant

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