REAL ESTATE

Harbor Freight to expand to Connecticut

BY Staff Writer

New Haven, Conn. — RHYS Commercial said that Harbor Freight Tools is opening three Connecticut locations – in New Haven (17,000 sq. ft.), Bridgeport (14,284 sq. ft.) and Waterbury (16,813 sq. ft.).

The tool and equipment retailer’s location in New Haven opened April 27; construction is underway on the other two outlets.

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REAL ESTATE

Passco arranges $25.8 million to refinance Silver City Plaza

BY Katherine Boccaccio

Las Vegas — Irvine, Calif.-based Passco Cos., said it has negotiated a $25.8 million loan to refinance Silver City Plaza, a 41,583-sq.-ft. neighborhood shopping center in Las Vegas.

The new loan was arranged with Cantor Commercial Real Estate, an affiliate of Cantor Fitzgerald, and was uniquely structured to accommodate a challenged market.

The center, which is situated on 1.92 acres and anchored by Ross Dress for Less and Walgreens, is less than one block from the new $2.4 billion Wynn Las Vegas and Encore Resort and less than a mile from the Fashion Show Mall and Las Vegas Convention Center.

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Costco opens new club in Huntington Beach

BY Staff Writer

Huntington Beach, Calif. — DJM Capital Partners said that a new 154,000-sq.-ft. Costco has opened at Bella Terra, an open-air center in Huntington Beach, Calif. Costco opened in a building vacated by Mervyn’s.

Costco at Bella Terra is a full-format store offering Gas Station, Fresh Bakery, Fresh Meat, Fresh Produce, Fresh Deli with Rotisserie Chicken, Optical Department, 1-Hour Photo, Pharmacy, Tire Center, Hearing Aid Center, Fine Wine & Liquor and Food Court.

“Securing Costco for Bella Terra in 2010, with retailers expanding very cautiously, was a significant achievement for our company and a testament to the quality and location of the center,” said Lindsay Parton, president, DJM Development Partners, an affiliate of DJM Capital Partners, Inc.

The new Costco is adjacent to The Village at Bella Terra development, currently under construction and slated for a summer 2013 opening.

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