REAL ESTATE

Sacramento Sam’s Club morphs into Burlington Coat Factory

BY Michael Fickes

Colton, Calif. — The Hodgdon Group, a brokerage, development, construction and project management firm, has converted a former Sam’s Club in Sacramento into a 60,000-sq.-ft/ Burlington Coat Factory.

The new store opened last week. Hodgdon Group Realty and CBRE Sacramento represented the investor in the acquisition of the Sam’s Club building, as well as the landlord in the lease transaction. Retail West Inc. represented Burlington Coat Factory. An additional tenant has leased the remaining space and plans to open soon.

Hodgdon recently converted a former Sports Authority building in Broadstone Plaza in Folsom, Calif., into an Ashley Furniture HomeStore. The 32,000-sq.-ft. freestanding store opened last month.

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REAL ESTATE

Famous Footwear leases second Manhattan location

BY Michael Fickes

New York — Famous Footwear has leased its second Manhattan location at 48-50 West 14th Street between Fifth and Sixth Avenues in Union Square, according to Winick Realty Group. The 7,800-sq.-ft. store is a block-through retail site with 50 feet of frontage on 14th Street and 25 ft. of frontage adjacent to the New School entrance on 13th Street.

Ripco represented Famous Footwear in the transaction. Winick represented the landlord, CB Developers.

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REAL ESTATE

Shopping center in Texas changes hands

BY Dan Berthiaume

Houston – Transwestern has completed the sale of Hannover Commons Shopping Center in Spring, Texas. After leasing the newly constructed 10,020-sq.-ft. shopping center to 100% occupancy, Transwestern represented the seller, Hannover Woods Retail Partners LLC, in the disposition of the asset to a local investor.

"The center is located directly across from the area’s only HEB," said Transwestern’s Micha van Marcke, CCIM, senior VP. "The sale of the center was greatly enhanced by its proximity to the new Exxon Mobil campus currently under construction. As a result, the property received strong interest from not only local buyers but investors from across the country."

Transwestern’s van Marcke, Chace Henke, retail associate, and Tony Armstrong, VP, represented the developer and seller in the transaction.

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