By: Marc Kirchhoff, Vice President at Halpern Enterprises
- Published in SCBlog
Yonkers, N.Y. — QIC has extended its existing joint venture relationship with Forest City Realty Trust through the acquisition of a 51 percent stake in Westchester’s Ridge Hill shopping center…
Atlanta — WP Glimcher, a publicly traded retail REIT based in Columbus, Ohio, has sold Northlake Mall, a nearly 1 million-square-foot regional mall located in Atlanta.
Chicago — Tucker Development, in partnership with Acadia Realty Trust, has acquired a portfolio of ten buildings located on the 900 block of West Randolph Street in the Fulton Market…
Bristol and Glen Allen, Va. — Publix Super Markets Inc. has signed two leases for stores in Virginia, which will be the first two stores in the state for the…
Glenview, Ill. — A fund advised by CBRE Global Investors has acquired The Shops at Glen Pointe, a grocery- and fitness-anchored shopping center located in the Chicago suburb of Glenview.
Gilbert, Ariz. — LGE Design Build has broken ground on Dierks Bentley’s Whiskey Row, an 8,000-square-foot restaurant located in Gilbert.
Charlotte, N.C. — The Retail Brokers Network (RBN), a national network of retail real estate brokers, has selected Debbie Currier as its new president.
Salt Lake City, Utah — Vestar, in a joint venture with funds managed by Oaktree Capital Management L.P., has acquired a 623,205-square-foot open-air retail and entertainment center within The Gateway…
El Monte, Calif. — Decron Properties has sold El Monte Shopping and Automotive Center, a 473,347-square-foot automotive and retail center located in El Monte, to Merlone Geier Partners for $84.5…
Pittsburgh — HFF has arranged a $61 million refinancing for a four-property portfolio of grocery-anchored shopping centers totaling 542,683 square feet in Illinois, Indiana, North Carolina and South Carolina.
St. Augustine, Fla. — The Boulder Group has arranged the $3.15 million sale of a single-tenant, net-leased Walgreens property located in St. Augustine.
Ithaca, N.Y. — Marcus & Millichap has arranged the $16.8 million sale of a net-leased BJ’s Wholesale Club with a fuel station located at the Shops at Ithaca Mall in…
Albuquerque, N.M. — Houlihan-Parnes has arranged a $9.1 million refinancing for Ladera Shopping Center, a 128,712-square-foot shopping center located in Albuquerque.
Raytown, Mo. — The Boulder Group has arranged the $6 million sale of a single-tenant net-leased Walgreens property located at 9300 East Gregory Blvd. in Raytown.
Fort Collins, Colo. — NorthMarq has arranged a $3.7 million refinancing for 3636 and 3700 South College Avenue retail in Fort Collins.
Los Angeles — Forest City Realty Trust Inc. has started phase two of the redevelopment, preservation and adaptive re-use of the Subway Terminal Building, originally built in 1925 by Pacific…
Hattiesburg, Miss. — Stirling Properties has purchased Turtle Creek Crossing, a 295,000-square-foot power retail center in Hattiesburg, for $48.1 million.
New York City — SL Green Realty Corp. and The Moinian Group have signed a 23-year, 43,000-square-foot lease with Nordstrom to anchor three levels of retail space at 3 Columbus…
Woodstock, Ga. — Transwestern’s Southeast investment services group has arranged the $13 million sale of East Cherokee Village Shoppes, a Publix-anchored shopping center located in Woodstock, a northern suburb of…
East Rutherford, N.J. — Primark is set to open a 100,000-square-foot store at American Dream, a 3 million-square-foot retail center currently being developed by The Triple Five Group of Cos…
By: Marc Kirchhoff, Vice President at Halpern Enterprises
New York City — Trinity Place Holdings Inc. (NYSE MKT: TPHS), a real estate investment and management firm, has unveiled plans for a 50-story mixed-use project located at 77 Greenwich St…
San Diego — CBRE has arranged a $65 million loan for the refinance of The Village at Pacific Highlands Ranch, a 147,716-square-foot shopping center located in the Pacific Highlands Ranch…
Houston — The Richland Cos. has acquired Lakes on Eldridge Centre, a 30,049-square-foot shopping center located in Houston.
Old Tappan, N.J. — NorthMarq Capital has arranged a $12 million permanent financing for Bi-State Plaza Shopping Center, an 88,000-square-foot grocery-anchored shopping center located in Old Tappan.
Northridge, Calif. — Charles Dunn Co. has arranged the $3.9 million sale of a 6,000-square-foot single-tenant, triple-net-leased property occupied by Chase Bank in Northridge.
Decatur, Ga. — The Boulder Group has arranged the $3.6 million sale of a 10,125-square-foot, net-leased CVS/pharmacy located in the Atlanta suburb of Decatur.
Miami — Terra is set to begin construction on Pembroke Pines City Center, a 47-acre mixed-use project located in Miami.
Secaucus, N.J. — Cushman & Wakefield has arranged the $11.5 million sale of a two-story, 74,000-square-foot retail center located at 55 Hartz Way in Secaucus.
Stafford, Texas — Dallas-based StreetLevel Investments and joint venture partner Provident Realty Advisors have purchased 192 acres in Stafford, including the former Texas Instruments (TI) campus.
Tarrytown, N.Y. — Tarrytown-based DLC Management Corp. has named Daniel Taub president and promoted seven.
Fort Worth, Texas — Fort Worth-based Trademark Property Co. has named Phil Pearson senior vice president of leasing.
Port St. Lucie, Fla. — An affiliate of Delray Beach, Florida-based Menin Development has sold the Shoppes at St. Lucie West to an institutional investor group for $77 million.
Falls Church, Va. and Hagerstown, Md. — Retail Properties of America Inc. (RPAI) has acquired a two-property portfolio of shopping centers in the Baltimore-Washington, D.C. corridor for a combined purchase…
Highland Village, Texas — Torchy’s Tacos has signed a lease for 5,262 square feet at The Shops at Highland Village, a 389,090-square-foot shopping center located in Highland Village.
Woodland Hills, Calif. — Newmark Realty Capital Inc. has arranged $43.5 million in permanent financing for a 122,523-square-foot grocery-anchored shopping center located in Woodland Hills.
Burleson, Texas — Kroger Marketplace is now open in Burleson Commons, located at the intersection of Wilshire Boulevard and FM 731 in Burleson.
Mobile, Ala. — Marcus & Millichap has arranged the $11.2 million sale of a 41,117-square-foot Walmart Neighborhood Market located in Mobile.
By: Jessica Zolotorofe, Attorney, Ansell Grimm & Aaron
Pittsburgh, Pa. — Pittsburgh-based HFF has arranged the sale of The Cavalier Portfolio, an 11-property necessity-anchored retail portfolio totaling more than 1 million square feet in the central and eastern…
New York City — Brookfield Asset Management Inc. has made an unsolicited offer to buy the majority stake of mall owner Rouse Properties Inc. that it doesn’t already own for $17…
Miami — Swire Properties Inc., alongside retail co-developers Whitman Family Development and Simon Property Group, has announced nearly 40 new tenants for Brickell City Centre’s 500,000-square-foot, open-air shopping center under…
Glenwood Springs, Colo. — NorthMarq has arranged the $28 million refinance of Glenwood Meadows, a 145,000-square-foot shopping center located in Glenwood Springs.
Birmingham, Ala. — Bayer Properties is set to begin a $66 million renovation of the historic Pizitz building in Birmingham.
Boston — National Real Estate Advisors and the HYM Investment Group have received final approval from the Boston Redevelopment Authority to build two towers comprising the first phase of a…
Atlanta — Kroger’s Atlanta Division and New City LLC plan to transform an existing Kroger store on Ponce de Leon Avenue in Atlanta as part of a mixed-use development along the…
Oak Brook, Ill. — Mid-America Real Estate Corp. has arranged the $18.2 million sale of The Oaks of Oak Brook, a 67,143-square-foot retail property located in Oak Brook, approximately 20…
Overland Park, Mo. — Viking Partners Fund III LLC has acquired Overland Pointe Marketplace, an 80,047-square-foot shopping center located in the Kansas City suburb of Overland Park, for $8.5 million.
San Jose, Calif. — A partnership between Pacific Retail Capital Partners and Silverpeak Real Estate Partners has acquired Eastridge, a 1.4 million-square-foot super-regional mall located in San Jose for over…
Rockville, Md. — Rockville-based Federal Realty Investment Trust has acquired the 70 percent interest owned by affiliates of a discretionary fund advised by ING Clarion Partners in a joint venture that owns…
Calabasas, Calif — Calabasas-based Marcus & Millichap has arranged the sale of an eight-property Walgreens portfolio for $44.33 million located in Texas, Illinois, New York, Ohio and South Carolina.
Chicago — Baum Realty Group LLC has arranged the $14.67 million sale of The Armitage Collection, a 32,604-square-foot retail portfolio located on Armitage Avenue in Chicago.
Buena Park, Calif. — CBRE Group Inc. has arranged the $85 million sale of Buena Park Downtown, a 535,000-square-foot regional mall.
Bentonville, Ark. — Bentonville-based Wal-mart Stores Inc. is set to close 269 stores in the U.S. and globally.
Chattanooga, Tenn. — HFF has arranged the sale of The Overlook at Hamilton Place, a 213,095-square-foot grocery-anchored shopping center located in Chattanooga.
Lisle, Ill. — Baceline Investments LLC has acquired Century Plaza, a 15,464-square-foot neighborhood shopping center located in Lisle, 15 miles west of downtown Chicago.
Longmont, Co. — Village at the Peaks, a national parks-themed shopping center located on the grounds of the former Twin Peaks Mall in Longmont, has added four new tenants.
Fort Myers, Fla. — Tanger Factory Outlets Center Inc. has sold the company’s 198,877-square-foot outlet mall in Fort Myers to Dahlmann Properties for $26 million.
Cedar Park, Texas — Riverside Resources has begun construction on the first phase of a 100-acre mixed use campus on Parmer Lane in Cedar Park.
Orland Park, Ill. — Mid-America Real Estate Corp. has arranged the $20 million sale of a 149,526-square-foot, Home Depot-anchored shopping center located in the Chicago suburb of Orland Park.
North Charleston, S.C. — The Shopping Center Group (TSCG) has arranged the $16.5 million sale of The Shoppes at Centre Pointe, a 140,000-square-foot shopping center located in North Charleston.
New York City — Colliers International has arranged a 99-year ground lease on behalf of the Benider Co. at 136-62 Roosevelt Ave. in the Flushing neighborhood of Queens in New York…
Miami — Taubman Centers Inc. has decided not to move forward with an enclosed regional mall that was slated to be part of the Miami Worldcenter mixed-use development in Miami.
Newport News, Va. — Inland Real Estate Income Trust Inc. has acquired Marketplace at Tech Center, a 210,000-square-foot newly constructed power center located in Newport News.
New York City — Kinsey Capital has arranged the sale of a retail property located at 730 Lexington Ave. in Manhattan’s Midtown East neighborhood.
Irvine, Calif. — With online real estate transactions becoming increasingly competitive, Auction.com is rebranding as Ten-X and will expand its platform in the coming months to include options that will give…
Rancho Cucamonga, Calif. — Passco Companies LLC has acquired Day Creek Village, a 25,002-square-foot shopping center located in Rancho Cucamonga, for $15.8 million.
Lafayette, La. — Kimco Realty Corp. has sold Acadiana Square, a 244,768-square-foot retail power center located in Lafayette, for $24 million.
Houston — Faris Lee Investments has completed the $25.1 million sale of Westgate Market, an 80,690-square-foot shopping center in Houston.
Ocala, Fla. — Crossman & Co. has arranged the $4.4 million sale of Pearl Britain Plaza, an 82,216-square-foot, Publix-anchored shopping center located in Ocala.
Santa Monica, Calif. — Santa Monica-based Main + Main has named Mike Clark executive director.
Coral Springs, Fla. — Miami-based private investment firm Continental Properties Acquisition Corp. (CPAC) has sold a 12,430-square-foot CVS/pharmacy in Coral Springs for $6.3 million.
Atlanta — HFF has arranged the $16.7 million sale of Hamilton Mill Village, an 88,710-square-foot retail center anchored by Publix in northeastern Atlanta.
Middleton, N.Y. — Kimco Realty Corp. has sold Galleria at Crystal Run, an 80,000-square-foot retail power center located at 1100-1300 N. Galleria Drive in Middletown, for $12 million.
Parker, Colo. — Pinnacle Real Estate Advisors has arranged the $5 million sale of 12311 Pine Bluffs Way, a 20,230-square-foot retail building located in Parker.
Irvine, Calif. — Irvine Co., a private real estate investor and master planner, has announced a $150 million reinvestment in Irvine Spectrum Center, a high-profile shopping center in Southern California.
Charlotte, N.C. — Crescent Communities has broken ground on a transit-oriented development at Lynx Light Rail’s Stonewall Station that will be anchored by Uptown Charlotte’s first Whole Foods Market.
Bellevue, Tenn. — Charlotte-based developer Crosland Southeast, in a joint venture with Atlanta-based Branch Properties LLC, has acquired the former Bellevue Center Mall in suburban Nashville for redevelopment.
Alamo, Calif. — Donahue Schriber Realty Group has acquired Alamo Plaza, a 195,147-square-foot shopping center located in Alamo, from Investco Advisors Inc.
Allentown, Pa. — Allentown-based CrossAmerica Partners LP has agreed to acquire 31 franchise Holiday stores located in Wisconsin and Minnesota from SSG Corp. for $48.5 million.
Gaithersburg, Md. — Elion Partners has completed a major capital improvement program for Goshen Plaza, a 45,654-square-foot shopping center in Gaithersburg.
Los Angeles — Newmark Grubb Knight Frank (NGKF) has added eight professionals to comprise the firm’s retail brokerage team specializing in the sale and leasing of suburban retail product in…
Chambersburg, Pa. — New York City-based Katz Properties has acquired Chambersburg Crossing, a shopping center located at 925 Norland Ave. in Chambersburg, for $45 million.
Denver — HFF has arranged $23.7 million in financing for Market Center, a mixed-use office and retail property totaling 120,736 square feet in downtown Denver.
Plano, Texas — Berkadia has arranged $18.4 million in financing for H Mart Town Center, a grocery-anchored retail property in Plano.
Kansas City, Mo. — Highwoods Properties Inc. (NYSE: HIW) has agreed to sell the historic, 1.3 million-square-foot Country Club Plaza in Kansas City, largely known as the nation's first shopping…
Northbrook, Ill. — Cap rates in the fourth quarter of 2015 for the single-tenant net lease retail sector remained unchanged from the previous quarter at their historic low rate of…
Hilton Head, S.C. — HFF has secured $13.4 million in acquisition financing for Fresh Market Shoppes, an 86,694-square-foot retail center anchored by The Fresh Market in Hilton Head.
Las Vegas — Marcus & Millichap has arranged the $10.55 million sale of Sahara Durango Retail Shopping Center, a 45,000-square-foot shopping center located in Las Vegas.
Los Angeles — Los Angeles-based CBRE Group Inc. has named Andrew Turf the company’s retail services team senior vice president.
Des Plaines, Ill. — Associated Bank has completed a $19.3 million loan for the land acquisition and construction of a Mariano’s Fresh Market grocery store in Des Plaines, approximately 20…
Amherst and Sheffield Village, Ohio — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a two-property Giant Eagle-anchored shopping center portfolio comprising 193,633…
Hawthorne, Calif. — Cushman & Wakefield has arranged the $15.25 million sale of Hawthorne Town Center, a 51,000-square-foot shopping center located in Hawthorne.
Lakewood, Colo. — Pinnacle Real Estate Advisors has arranged the $3 million sale of Woodlake Center, a 37,741-square-foot five building retail and office complex located in Lakewood.
Bedford, Texas — Marcus & Millichap has arranged the sale of Shops at Cheek Sparger, a 27,413-square-foot multi-tenant retail property located in Bedford.
Consistent demand, low supply and supportive economic trends continued to improve fundamentals in the U.S. retail market through the third quarter, according to the Q3 U.S. Retail MarketView report by…
Pittsburgh — Pittsburgh-based HFF has arranged $308.4 million in financing for three shopping malls totaling 2.3 million square feet in Connecticut, Illinois and Washington.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II has acquired four grocery-anchored centers in Ohio, Georgia and Illinois.
Durham, N.C. — CBL & Associates Properties Inc., and its 50/50 joint venture partner, has agreed to sell Renaissance Center, a 363,000-square-foot community shopping center located in Durham, for $129.2…
Las Vegas — Sterling Organization has acquired Smith’s Shopping Center, a 108,731-square-foot grocery-anchored retail plaza located in Las Vegas, for $20 million.
Kennebunk, Maine — Marcus & Millichap has arranged the $10 million sale of a 13,225-square-foot CVS/pharmacy in Kennebunk, Maine.
New York City — New York City-based Modell’s Sporting Goods has acquired three City Sports locations ranging from 7,500-9,000 square feet in Philadelphia, Boston and Washington, D.C.
Pleasanton, Calif. — HFF has arranged equity and debt capital in excess of $50 million for Pacific Pearl Shopping Center, a shopping center under development in Pleasanton.
Santa Barbara, Calif. — Lee & Associates has arranged the over $15 million sale of a 48,813-square-foot Saks Off 5th Avenue building located in downtown Santa Barbara.
Dallas — Westfield Corp. has sold five regional malls to a partnership of Dallas-based Centennial Real Estate Company, Montgomery Street Partners and USAA Real Estate for $1.1 billion.
Leawood, Kan. — AMC Entertainment Holdings Inc. (NYSE: AMC), a movie theater chain based in Leawood, has completed its acquisition of Starplex Cinemas for approximately $175 million.
Indianapolis — Colliers International has arranged the $6.5 million sale of Pyramid Place Shops, a 51,974-square-foot retail center in Indianapolis.
New York City — New York City Economic Development Corp. (NYCEDC) and Bedford Courts LLC, a joint venture between BFC Partners and Slate Property Group, have unveiled plans for a 500,000-square-foot…
San Diego — San Diego-based Zephyr has sold The Block, a 60,000-square-foot mixed-use site currently under development on Broadway in San Diego, to Vancouver, Canada-based Bosa Development.
New York City — Eastern Consolidated has arranged the sale of a mixed-use building located at 157 E. 55th St. in New York’s Midtown East district.
By: Karim Fadel, founder and principal, Unison Realty Partners
Northbrook, Ill. — Northbrook-based Pine Tree Commercial Realty has completed $670 million in retail real estate acquisitions over 24 months, and has hired seven.
Oak Brook, Ill. — Inland Real Estate Corp. (NYSE: IRC) has entered into a definitive agreement to be acquired by real estate funds managed by New York City-based DRA Advisors…
Temecula and Novato, Calif. — A real estate fund managed by Ares Management, in partnership with Citivest Commercial Investments LLC, has acquired two shopping centers located in Temecula and Novato…
Santa Ana, Calif. — CBRE has arranged the $31.8 million sale of McCalla Centre, a 110,620-square-foot shopping center located in Santa Ana.
Mayfield Heights, Ohio — Fresh Thyme Farmers Market is set to open a new 27,560-square-foot location at Golden Gate Shopping Center in the Cleveland suburb of Mayfield Heights.
Odessa, Texas — Franklin Street has arranged the sale of a newly constructed 8,353-square-foot Family Dollar located in Odessa.
New York City — Related Cos. and Oxford Properties Group have received more than $5 billion in financing for an office tower and retail components within its Hudson Yards development…
Miami — HFF has arranged a $20 million senior loan for the refinancing of Vista Shopping Center, an 88,699-square-foot retail center located in the Miami Lakes neighborhood of Miami.
Georgetown, Texas — Hillwood Communities has begun construction on Wolf Ranch, a $700 million mixed-use development in the Austin suburb of Georgetown.
Palm Desert, Calif. — Hanley Investment Group has arranged the sale of a single-tenant Bank of America corporate ground lease in Palm Desert.
Akron, Ohio — Cooper Commercial Investment Group has arranged the $2.3 million sale of Chapel Hill Crossing, a 116,843-square-foot retail center in Akron.
Texas City, Texas — Weingarten Realty Investors has sold Palmer Plaza, a 98,816-square-foot retail center in the southern Houston suburb of Texas City.
Sugar Land, Texas — Alamo Drafthouse Cinema will open a new location in the Imperial Market development located in Sugar Land known as Alamo Drafthouse Cinema at Imperial Market.
Los Angeles — Chanel S.A., a Paris-based fragrance and fashion house, has purchased its 11,500-square-foot store at 400 N. Rodeo Drive in Beverly Hills for $152 million.
Denver, N.C. — Baum Realty Group has arranged the $7.6 million sale of a single-tenant net-leased Walgreens located in Denver, North Carolina.
Stuart, Fla. — Konover South LLC plans to develop Stuart Landings, a 30,587-square-foot shopping center located at 3801 S.E. Federal Highway in Stuart.
Fort Walton Beach, Fla. — Marcus & Millichap has brokered the $9.5 million sale of Choctaw Plaza, a 97,171-square-foot shopping center located at 111 Racetrack Road N.W. in Fort Walton…
Euless, Texas — The Boulder Group has arranged the $2.7 million sale of a single-tenant Panera Bread ground lease located in Euless.
Los Angeles — Starting in March, the historic Century Plaza Hotel in Los Angeles will temporarily close to make way for a $2.5 billion redevelopment of the hotel and surrounding…
Colorado Springs, Colo. — Marcus & Millichap has arranged the $35 million sale of Woodmen Commons, a 156,010-square-foot regional power center in Colorado Springs.
Forest Hill, Md. — HFF has arranged the sale of Bel Air North Village, a 56,644-square-foot CVS/pharmacy and community bank-anchored retail center located in the Baltimore suburb of Forest Hill.
Oak Brook, Ill. — Oak Brook-based InvenTrust Properties Corp. has acquired two open-air shopping centers located in Florida and Texas for a combined $69.8 million.
Phoenix — CBRE has arranged the $24.75 million sale of Village Center, a 171,129-square-foot shopping center located in Phoenix.
Mission Viejo, Calif. — NorthMarq capital has arranged $9.8 million in acquisition financing for Los Alisos Village, a 31,401-square-foot retail center located in Mission Viejo.
Panorama City, Calif. — Primestor Development Inc. has acquired Panorama Mall, a 315,000-square-foot retail center located in Panorama City, from Macerich Co. in an off-market transaction valued at approximately $100…
Toledo, Ohio — Toledo-based Eidi Properties has acquired four shopping centers totaling 252,000 square feet in Ohio.
Buellton, Calif. — CBRE has arranged six leases at Crossroads at Buellton Village, a 52,628-square-foot shopping center located in Buellton.
Gainesville, Fla. — Butler North, a 754,000-square-foot addition to Butler Plaza in Gainesville, is 77 percent leased with an additional 17 percent in negotiation.
Schaumburg, Ill. — Baum Realty Group LLC has arranged the sale of a single-tenant net-leased McDonald’s in Schaumburg, a northwestern suburb of Chicago, for $4.2 million.
Virginia Beach, Va. — Armada Hoffler Properties Inc. has agreed to acquire a portfolio of 11 retail centers, totaling approximately 1.1 million square feet, for $170.5 million from an undisclosed…
Sarasota, Fla. — Paragon Realty Group has sold Sarasota Main Plaza, a 254,677-square-foot mixed-use retail center for $18.1 million.
Oak Brook, Ill. — Oak Brook-based InvenTrust Properties Corp. has named Lance Billingsley senior vice president of leasing.
Murfreesboro, Tenn. — GBT Realty Corp. plans to develop The Shoppes of Northgate, a $16 million shopping center located along Memorial Boulevard in Murfreesboro.
Duluth, Ga. — SRS’ Southeast investment sales team has arranged the $16.4 million sale of Pleasant Hill Square, a 282,137-square-foot regional power center located in Duluth, an Atlanta suburb in…
New York City — H&M is set to open its first location in Lower Manhattan at Westfield World Trade Center.
Simpsonville, S.C. — The Boulder Group has arranged the $2.85 million sale of a single-tenant net-leased CVS/pharmacy located in Simpsonville.
Calabasas, Calif. — Calabasas-based Marcus & Millichap has named seven agents to the position of first vice president investments.
Expansion was in the air at the MAPIC conference in Cannes, held November 17-20.
Phoenix — Kimco Realty Corp. has acquired Christown Spectrum, an 850,000-square-foot destination power center located in Phoenix, for $115.3 million.
Henderson, Nev. — GK Development Inc. has acquired Lake Mead Crossing, a 407,000-square-foot shopping center located in Henderson, for $42.75 million.
New York City — Eastern Consolidated has arranged the sale of a block-front development site located at 286-298 and 300-306 Wythe Ave. in the Williamsburg section of Brooklyn.
Santa Monica, Calif. — Sands Investment Group has arranged the sale of a portfolio of three grocery stores located in Grove, Jenks and Bixby, Oklahoma, for $28.6 million.
Clearwater, Fla. — An affiliate of North American Development Group has acquired Courtyard at Countryside, a retail center located in Clearwater, Florida, for $25.5 million.
Hamilton Township, N.J. — Houlihan-Parnes Realtors has arranged an $8 million supplemental loan for Independence Plaza Shopping Center in Hamilton Township.
West Chester, Ohio — West Chester-based North Ridge Realty Group has hired Stacy Felchner as Commercial Specialist.
Redlands, Calif. — Majestic Realty Retail, a division of Majestic Realty Co., has announced the grand opening of Mountain Grove at Citrus Plaza, a 67-acre retail and entertainment shopping center…
Waynesville, N.C. — Yale Realty Services Corp. has purchased Waynesville Commons, a 126,901-square-foot shopping center in Waynesville, roughly 30 miles west of Asheville.
Franklin, Tenn. — An affiliate of Next Realty LLC has acquired a 64,000-square-foot, two-tenant retail property at 1735 Galleria Blvd. in Franklin, roughly 15 miles south of Nashville.
Palatine, Ill. — Faris Lee Investments has arranged the $7.1 million sale The Shops at Deer Grove, an 11,800-square-foot shopping center located in Palatine, approximately 30 miles northwest of Chicago.
Buckner, Ky. — Dahlem Realty Corp. has arranged Kroger’s acquisition of a 15.8-acre parcel in Buckner.
Cleveland — Weston Inc. and Citymark Capital have unveiled plans for a 3 million-square-foot mixed-use development in Cleveland.
Grass Valley, Calif. — Pine Tree Commercial Realty LLC has acquired Pine Creek shopping center, a 216,683-square-foot grocery-anchored shopping center located in Grass Valley.
Franklin, Ind. — May Realty Advisors has arranged the $1.17 million all-cash sale of a 1,850-square-foot free standing Starbucks Coffee in Franklin.
Silver Spring, Md. — H&R Retail has arranged a 42,000-square-foot lease transaction with Dave & Buster’s at Ellsworth Place in downtown Silver Spring, roughly six miles north of Washington, D.C.
San Diego — Funds affiliated with CVC Capital Partners and Canada Pension Plan Investment Board (CPPIB) have agreed to jointly acquire San Diego-based Petco Animal Supplies Inc. for approximately $4.6 billion.
White Plains, N.Y. — LCOR has broken ground on 55 Bank Street, a $250 million 760,000-square-foot mixed-use development located in White Plains.
North Myrtle Beach, S.C. — The Boulder Group has arranged the $5 million sale of a single tenant net leased Walgreens property located in North Myrtle Beach.
Washington, D.C. — Three national retailers have signed leases for space at Shops at Dakota Crossing, a 430,000-square-foot, Class A retail center under construction in Washington, D.C.’s Fort Lincoln neighborhood.
Mayfield Heights, Ohio — Marcus & Millichap has arranged the $17.1 million sale of a retail building triple-net leased to Walmart in Mayfield Heights, located about 20 miles east of…
Waycross, Ga. — SRS’ Southeast investment sales team has brokered the $4.3 million sale of Satilla Square, a 117,212-square-foot shopping center in Waycross.
Philadelphia — Philadelphia-based Urban Outfitters Inc. has entered into an agreement to acquire substantially The Vetri Family group of restaurants, including award-winning Pizzeria Vetri.
Orlando — Newmark Grubb Knight Frank (NGKF) has arranged the $21.2 million sale of Vista Centre Shoppes, a 98,411-square-foot shopping center located near Disney World in Orlando.
New York City — Wahlburgers has leased an 8,300-square-foot retail property at 725 Eighth Ave. in Manhattan to open a new store.
Cincinnati, Ohio — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has purchased two grocery-anchored shopping centers located in Arizona and Florida.
New York City — New York’s Upper Fifth Avenue is the most expensive retail street in the world with rents rising to $3,500-per-square-foot in 2015, according to the Main Streets…
Evesham, N.J. — RD Management LLC has unveiled its redevelopment plans for The Shoppes and Residences at Renaissance Square, located on Route 70 in Evesham.
Goose Creek, S.C. — Marcus & Millichap has arranged the $12.8 million sale of a 41,117-square-foot Walmart Neighborhood Market located in the Charleston suburb of Goose Creek.
Towson, Md. — Retail Properties of America Inc. (RPAI), a shopping center REIT, has purchased Towson Square, a 138,000-square-foot, entertainment-based retail center anchored by a newly constructed Cinemark Theatre in…
Seattle — Online retail giant Amazon has opened its first brick-and-mortar bookstore, Amazon Books, at University Village in north Seattle.
Pensacola, Fla. — Crossman & Co. has arranged the $3.7 million sale of Shoppes at Milestone in Pensacola.
Washington, D.C. — Washington, D.C.-based Madison Marquette has named Peter Cole managing director and head of development for the eastern region.
Kansas City, Mo. — Retail Properties of America Inc. has sold The Shops at Boardwalk, a 122,397-square-foot shopping center located in Kansas City.
Carrollton, Texas — NewQuest properties is set to expand the redevelopment of Carrollton Town Center, a 154,863-square-foot shopping center located in Carrollton.
West Chester, Penn. — Holliday Fenoglio Fowler (HFF) has arranged an $18.5 million refinancing for West Goshen Town Centre, a 135,650-square-foot ShopRite-anchored retail center located in the Philadelphia suburb of…
Encino, Calif. — Encino-based Gelson’s Markets has won final approval to buy six Haggen properties located in Southern California.
By Shah Karim, CEO, SafeRock
Naples, Fla. — Investment Properties Corp. has arranged the $25.5 million sale of 50,000 square feet of street-level retail and office space located at 800 and 821 5th Ave. S…
Albuquerque, N.M. — Q10 Realty Mortgage & Investment Co. has arranged $2.5 million in financing for Alameda Retail Center, a 16,391-square-foot shopping center located in Albuquerque.
Bloomfield Hills, Mich. — Bloomfield Hills-based Agree Realty Corp. has promoted Laith Hermiz to chief operating officer and has named Daniel Ravid chief administrative officer and treasurer.
Allentown, Pa. — The Waterfront Development Co. has broken ground on a $400 million mixed-use development along the western banks of the Lehigh River in Allentown.
Montgomery, Ala. — New York Life Real Estate Investors has provided a $58 million loan on behalf of institutional investors for The Shoppes at EastChase in Montgomery.
New Orleans — Holliday Fenoglio Fowler (HFF) has secured a $27.7 million loan for Algiers Plaza, a recently renovated 236,389-square-foot, Winn-Dixie anchored shopping center in New Orleans.
Stockbridge, Ga. — Franklin Street has arranged the $2.45 million sale of Eagle Village, a 21,800-square-foot shopping center located in Stockbridge.
Jacksonville, Fla. — Jacksonville-based Regency Centers Corp. has announced the reorganization of its senior executive management team effective January 1, 2016.
Cincinnati and Milwaukee — The Kroger Co. (NYSE: KR) and Roundy’s Inc. (NYSE: RNDY) have announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy’s…
Huntsville, Ala. — RCP Cos. has opened Phase I of The Shops at Merchants Walk, a 90,000-square-foot retail center in Huntsville.
Prussia, Penn. —JBGR Retail’s King of Prussia Town Center, a 400,000-square-foot lifestyle center located near King of Prussia Mall, is 70 percent leased and set to open in summer 2016.
Glendale and Tempe, Ariz. — Lee & Associates has arranged the sale of two Arizona shopping centers for a combined $16.4 million.
By Patrick Ward, Founder of MetroGroup Realty Finance