Sold: Josey Rosemeade Center in Carrollton, Texas
Dallas — CBRE’s Private Capital Group has announced the sale of Josey Rosemeade Shopping Center, an unanchored strip center in Carrollton, Texas.
Located just northwest of the Dallas/Fort Worth metro area in an affluent, densely populated area, the 14,500-sq.-ft. center received more than 20 offers.
“The sale of Josey Rosemead marked a change in the market from our perspective,” said Jennifer Pierson, a senior VP with CBRE. “After 2008, receiving 20 offers on an unanchored strip center only happened for properties with significant upside. Josey Rosemead was 100% leased and the market reacted so positively to it, we can only conclude that we have turned a corner.”
CBRE in Dallas represented the undisclosed seller in the transaction. Josey Rosemeade LLC, an entity affiliated with Raywood Hasten LLC purchased the asset for an undisclosed price.
Additionally, CBRE’s Financial Consulting Group provided financial and analytical consulting for the sale.
Jsong and 7th Avenue Stationers to Manhattan Garment Center
New York — Winick Realty Group has announced two lease transactions that will relocate two long-time tenants in Manhattan’s Garment Center.
Twenty-year-old Chinese contemporary sportswear designer Jsong International signed a lease for 1,900 sq. ft. at 149B West 36th Street, between Broadway and Seventh Avenue. The brand, which had previously operated a showroom at nearby 499 Broadway, moved to introduce a retail component to its business.
Winick represented both Jsong and the landlord, Zone 26 Fashion.
Winick also assisted 7th Avenue Stationers in a relocation effort following the demolition of its previous location on 35th Street between Seventh and Eight Avenues. The store moved one block to a 1,200-sq.-ft. space on 147 West 35th Street between Seventh Avenue and Broadway.
Choza Taqueria to open third Manhattan location
New York — Choza Taqueria, a Manhattan-based Mexican restaurant, has signed a lease for its third location at 100 Park Avenue, between 40th and 41st Streets. The new location will reach a lunchtime crowd from the area’s many Class A offices and the business commuters and visitors passing through Grand Central Station.
Winick Realty Group represented Choza, which currently operates storefronts on Madison Avenue and 27th Street and Macdougal Street and Bleecker Street.
Newmark Grubb Knight Frank represented the landlord, SL Green Realty Corp. in the long-term lease transaction.