REAL ESTATE

Redevelopment begins in Miami Gardens

BY Michael Fickes

Miami Gardens, Fla. — Demolition has begun at Palmetto Gardens Plaza, a 7.1-acre shopping center site in Miami Gardens, Fla. The site is being prepared for the development of a 63,000-sq.-ft. shopping center that will include a 41,000-sq.-ft. Wal-Mart Neighborhood Market and an additional inline and outparcel space of 20,000 sq. ft. — now available for lease.

Formed in 2003, Palmetto Gardens Plaza is a joint venture between DZD Palmetto, a division of DZD Holdings, and Ver-Mac Properties 8. The principals of DZD Holdings joined forces with Ver-Mac Properties 8 to redevelop the seven-acre commercial property.

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REAL ESTATE

Applebee’s acquires pad in Richardson, Texas

BY Michael Fickes

Dallas — Applebee’s has purchased a one-acre pad in Richardson, Texas, from Leon Capital Group. Venture Commercial Real Estate represented Applebee’s in the transaction.

Venture Commercial’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and income property sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale.

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REAL ESTATE

Sally Beauty opens in Round Lake Beach, Illinois

BY Michael Fickes

Chicago — Sally Beauty Supply has opened a store in the Round Lake Court shopping center in Round Lake Beach, Ill. The professional beauty products retailer leased a 1,755-sq.-ft. space.

CBRE represented Sally Beauty Supply in the transaction, and McCaffrey Interests represented the landlord.

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