By Antony Karabus and Greg Apter
- Published in SCBlog
More than 2 million square feet of retail space is under construction or planned in Miami-Dade County, most of which is coming online in Miami’s urban core.
Bloomfield Hills, Mich. — Bernard Financial Group has arranged an $8.6 million loan for the refinancing of New Bloomfield Plaza in Bloomfield Hills.
Holmdel, N.J. — Cronheim Mortgage has arranged $13.4 million in refinancing for Kohl’s Plaza, a retail plaza located in Holmdel.
Fort Lauderdale, Fla. — Publix Super Markets Inc. has purchased the Publix at Sunrise, a 44,840-square-foot, single-tenant Publix grocery store located in Fort Lauderdale, for $22.5 million.
New York — Pembrook Capital Management LLC has secured a $20 million first mortgage loan for the acquisition of a retail property located in Manhattan’s Upper West Side.
Dallas — Vestar has been retained by a large institutional owner to handle the property management, leasing and marketing of Village on the Parkway, a 357,731-square-foot retail center situated on…
Manitowoc, Wis. — Mid-America Real Estate Corp. has brokered the sale of Harbor Town Center, a shopping center located in Manitowoc.
Plantation and Pembroke Pines, Fla. — May Realty Advisors has brokered the sale of two net leased Petco stores in Plantation and Pembroke Pines to investors based in Venezuela and…
Houston — Newk’s Eatery, a fast-casual restaurant, has reached a development agreement with New Orleans-based Southeast Restaurant Group (SRG), founded by Elie Khoury, to open 10 new Newk’s locations in…
Palm Beach Gardens, Fla. — CIT Group Inc.’s subsidiary CIT Real Estate Finance has provided a $41 million secured credit facility to refinance PGA Plaza Shopping Center in Palm Beach…
By Antony Karabus and Greg Apter
Hobart, Ind. — The Boulder Group has completed the sale of a single-tenant, net-leased Walgreens property in Hobart.
El Paso, Texas — Cypress Equities plans to renovate Bassett Place mall’s food court and add the area’s first Dave & Buster’s into the current merchant roster.
Gainesville, Fla. — Knoxville, Tenn.-based Regal Entertainment Group plans to open a new 10-screen, reserved-seating luxury theater at Celebration Pointe in Gainesville.
San Diego — Ed Colson Jr. and Michael Campbell have opened InvestCore Commercial, a boutique investment advisory firm focused on net leased investments. The new office is located at 3910…
Jennings, Mo. — Mid-America Real Estate Corporation’s Investment Sales team has brokered the sale of Plaza on the Boulevard located in the St. Louis community of Jennings. The 149,548-square-foot grocery-anchored…
New York — Ryan Guheen has joined Brixmor Property Group as senior vice president, redevelopment and strategic leasing.
Bridgeport, Conn. — Cinépolis USA has signed on to open a luxury 12-screen, 1,200-seat hybrid theater at Steelpointe Harbor, a mixed-use development in Bridgeport.
Fayetteville, N.C. — GBT Realty Corp. has acquired a 15-acre site in Fayetteville that will house The Shoppes of Fayetteville.
Cincinnati – Phillips Edison & Co. (PECO) will separate its strategic investment and net lease investment business units from its grocery-anchored shopping center business. The new standalone company will be…
By Faith Hope Consolo, Douglas Elliman Real Estate
Tysons Corner, Va. — Finmarc Management Inc. and its partners have sold a 40,000-square-foot neighborhood shopping center located in Tysons Corner for $31.1 million.
Grandville, Mich. — The Cooper Commercial Investment Group has brokered the $7.2 million sale of the Rivertown Center, a 60,876-square-foot, multi-tenant retail center in Grandville.
Peoria, Ill. — Cullinan Properties Ltd. has hired Scott Fitzgerald as vice president of leasing and development. Fitzgerald brings 15 years of leasing, development, property management and accounting experience to…
Jensen Beach, Fla. — Phillips Edison Grocery Center REIT II Inc. has purchased Ocean Breeze Plaza in Jensen Beach for $14.9 million.
Chicago — Envoy Net Lease Partners LLC has created a new lending program that provides up to 100 percent loan-to-cost financing for developers, retail and restaurant companies involved in ground…
Naples, Fla. — Barron Collier Cos., The Lutgert Cos. and Madison Marquette have sold Mercato, a mixed-use lifestyle and entertainment centers with over 450,000 square feet of retail and Class…
By Georgia Buckhalter Thompson, Richman Greer
Owings Mills, Md. — The Greysteel Co. has brokered the $31.7 million sale of New Town Village Center, a 117,593-square-foot grocery-anchored shopping center located in Owings Mills.
Springfield, Ohio — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $19.9 million sale of Springfield Commons, a 207,497-square-foot shopping center in Springfield.
Livingston, N.J. — The Village at Livingston in Livingston will be rebranded and renamed The Shoppes at the Livingston Circle.
Paoli, Pa. — HFF has arranged $38.3 million in financing for Paoli Shopping Center, a grocery-anchored retail center in Paoli.
New York — Eastern Consolidated has arranged the sale of the Ridge Street portfolio, three contiguous mixed-use buildings located on New York’s Lower East Side.
New York and Greenwich, Conn. — Avant Capital Partners has originated $6.3 million in bridge loans for two properties in Manhattan and Greenwich.
Long Beach, Calif. – Naree Thai has signed a 10-year lease for 2,343 square feet of retail space in Long Beach.
Miami — Federal Realty Investment Trust has acquired an 80 percent interest in CocoWalk, a 198,000-square-foot lifestyle center in Miami’s Coconut Grove neighborhood, for $87.5 million.
Scottsdale, Ariz. — Northsight Village Shopping Center, an 88,031-square-foot retail center in Scottsdale, has sold to Arizona Partners for $11.5 million.
New York — Hudson Yards has hired Chef Thomas Keller and restaurateur and developer Kenneth Himmel to curate the dining collection at The Shops & Restaurants at Hudson Yards.
Asheville, N.C. — New England Development, a retail and outlet mall developer based in the Boston suburb of Newton, Mass., has opened the 75-store Asheville Outlets located in Asheville.
Chicago — Baum Realty Group has brokered the $16.6 million sale of five retail properties totaling 81,606 square feet in the Chicago area.
Naperville, Ill. — CBRE Capital Markets’ Debt & Structured Finance team has advised Marquette Cos. in the $47 million financing for the development of Water Street District, a 175,000-square-foot mixed-use…
Glen Ellyn, Ill. — Mid-America Real Estate Corp. has brokered the sale of a 2,500-square-foot Dunkin' Donuts and a 1,400-square-foot Short Term Loans.
Atlanta — FCA Partners will redevelop Buckhead Exchange, one of Atlanta’s longest-standing retail centers in the Buckhead submarket. The renovation will transform the existing 48,500-square foot structure into an updated…
Bloomfield Hills, Mich. — Agree Realty Corp. recently closed on the acquisition of six retail properties for an aggregate purchase price of approximately $35.4 million.
Eufala, Ala. — Regency Properties has purchased Eufaula Towne Center located in Eufaula.
St. Matthews, Ky. — Faris Lee Investments has brokered the $46.1 million sale of Bluegrass Manor Shopping Center, a Whole Foods-anchored shopping center in St. Matthews, a suburb of Louisville.
Vienna, Va. — Rosenthal Properties has hired John Zuk as its director of property management.
North Brunswick, N.J. — Staples has opened its newest New Jersey location at North Village Shopping Center in North Brunswick.
Old Bridge, N.J. — R.J. Brunelli & Co. LLC has been appointed exclusive tenant representative in Monmouth, Ocean and Middlesex counties in New Jersey by a multi-unit franchisee for that…
Jacksonville, Fla. — Konover South LLC has sold Point Meadows, a 140-080-square-foot retail center in Jacksonville, for $20.8 million.
Kennesaw, Ga. — Atlanta-based shopping center owner RCG Ventures has formed a joint venture with DRA Advisors to purchase Cobb Place, a 335,190-square-foot shopping center located in Kennesaw, a northern…
Orlando, Fla. — Sutton Properties Inc., the owner of Lake Buena Vista Factory Stores, plans to expand their existing outlet center by 110,000 square feet of leasable space by 2016.
New York — Eastern Consolidated and Neal Cabot Ohm have arranged a long-term, 2,023-square-foot lease for Tarallucci e Vino at the base of 400 Park Avenue South, a luxury residential…
Merrill, Wisc. — Cohen Financial, has secured a $6.27 million refinancing loan for Merrill Ridge Plaza, a mixed-use retail and office center located in Wisconsin. Merrill Ridge Plaza is a…
Cedar Hill, Texas — Trademark Property Co., the operating partner for Uptown Village at Cedar Hill, has rebranded the 610,000-square-foot shopping center as Hillside Village, and plans to redevelop the…
Nashville, Tenn. — HFF has secured financing for One Hundred Oaks, a 891,470-square-foot, mixed-use retail and medical office center in south Nashville, Tennessee.
Salt Lake City — Phillips Edison & Co. has appointed Robert Steenblik to the position of vice president and assistant general counsel.
Westminster, Colo. – InvenTrust Properties Corp. has acquired The Shops at Walnut Creek, a 216,325-square-foot, 93 percent-leased shopping center located in Westminster, for $57.1 million.
Gaithersburg, Md. — CBRE’s National Retail Investment Group has brokered the $19.5 million sale of Goshen Crossing, a 78,456-square-foot grocery-anchored shopping center in Gaithersburg.
Rowlett and Fort Worth, Texas — SHOP Cos. Investment Sales has arranged the sale of two retail properties in the Dallas-Fort Worth, Texas, area totaling 78,075 square feet.
Washington Township, Mich. — Marcus & Millichap has brokered the $2.5 million sale of a 17,561-square-foot retail property in Washington Township.
San Dimas, Calif. — Progressive Real Estate Partners has executed a 10-year lease with Crunch Fitness for a 26,000-square-foot anchor space at 186 Village Court in San Dimas.
Phoenix — James V. DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix-based regional office, has arranged the $23 million refinance of Foothills Park Pace, a 132,496-square-foot retail property in…
Sacramento, Calif. — Coldwell Banker Commercial Alliance Irvine, CA has closed the sale of a newly constructed Smart and Final Extra! grocery store in Sacramento for $10 million.
San Francisco — RKF has arranged U.S. leases for Round One, a Japanese family-friendly entertainment center chain. The brand will open six new locations this year across the U.S.
Seattle — Donahue Schriber Realty Group has acquired Interbay Urban Center, a 80,560-square-foot grocery anchored center located in Seattle.
Chattanooga, Tenn. — Ziff Properties Inc. has acquired Signal Mountain Shopping Center in Chattanooga for $4.8 million.
Los Angeles — U.S. Property Trust (USPT) has purchased four shopping centers nationwide, with three located in Texas.
Huber Heights, Ohio — Mid-America Real Estate Corp. has arranged the sale of Waynetown Plaza located in Huber Heights, a suburb of Dayton.
Tulsa, Okla. — The SRS Southeast Investment Sales team has arranged the sale of a 53,210-square-foot property in Tulsa. The property is currently occupied by Virginia College.
Omaha, Neb. — Block & Co. Inc. Realtors in Kansas City has arranged a 44,327-square-foot retail lease for Best Buy in Omaha.
San Francisco – Singapore-based specialty restaurant VeganBurg has announced plans to open its first U.S. restaurant in San Francisco.
By Casey McKeon, vice president of acquisitions for Heslin Holdings
Dublin, Calif. — American Realty Advisors has acquired the Dublin Place Shopping Center, a 283,506-square-foot retail shopping center in Dublin for $51.1 million.
Hoboken, N.J. — SJP Properties has signed a lease with Del Frisco’s Restaurant Group to open a Del Frisco’s Grille, an upscale modern American bar and grill, in Hoboken.
Wallington, N.J. — ShopRite will open a new location in May in the Wallington Plaza Shopping Center in Wallington.
Bloomfield Hills, Mich. — A. Alfred Taubman, founder of Taubman Centers, died Friday, April 17 at his home in Michigan, aged 91.
Buena Park, Calif. — PCCP LLC has provided an $8.9 million loan for the recapitalization of the Buena Park Mall, a 535,400-square-foot regional mall located in Buena Park, on behalf…
Baltimore — Cronheim Mortgage Corp. has arranged $52.7 million in financing for THE AVENUE at White Marsh, a 298,000-square-foot main street lifestyle center in Baltimore’s White Marsh community.
Pigeon Forge, Tenn. — Publix Super Market will open a 45,600-square-foot store in early 2016 in Pigeon Forge. The store will serve as the anchor tenant of Valley Forge Shopping…
Lyndhurst, Ohio — Columbus-based Steiner + Associates has arranged two retail leases at Legacy Village in Lyndhurst, a suburb of Cleveland. L.L. Bean and The Capital Grille executed leases at…
Dallas — Cinépolis USA will open an eight-screen, 700-seat theater in Victory Park, a 75-acre mixed-use development in downtown Dallas.
Shrewsbury, Mass. — CBRE/New England has arranged the sale of White City Shopping Center located in Shrewsbury. A joint venture between Charter Realty & Development and Acadia Realty Trust sold the…
Roswell, Ga. — Crossman & Company has arranged the $8.63 million sale of Market Center in Roswell to an investment fund.
Miami — 13th Floor Investments, Gadinsky Real Estate and Echion USA Inc. have acquired Riviera Plaza, a 45,000-square-foot mixed-use commercial building near Miami in Coral Gables, for $16.5 million.
Miami — FA Commercial has brokered the sale of retail spaces at Millecento, a 42-story mixed-use tower located in Miami’s Brickell neighborhood.
Rancho Cucamonga, Calif. — Victoria Gardens will soon break ground on a full streetscape renovation encompassing 1.19 acres of the center along Monet Avenue.
Hendersonville, Tenn. — Carolina Holdings Inc., in partnership with Branch Properties LLC, has begun construction for Merchant Pointe at Indian Lake, a new 140,000-square-foot retail center located in Hendersonville.
Titusville, Fla. — Sean Glickman of Coldwell Banker Commercial NRT and Glickman Retail Group brokered the $16 million of Crossroads Marketplace, an 89,200-square-foot shopping center located in Titusville, a town…
Irvine, Calif. — Faris Lee Investments has completed the sales of three newly constructed, single-tenant properties triple-net leased by CVS Pharmacy. The transactions were sold for a total of $17…
Sevierville, Tenn. — RealtyLink LLC, Vannoy Construction and architect Cor3 Design, have announced the groundbreaking of the $25 million River Landing project, a 175,000-square-foot planned shopping center located in Sevierville.
Summerville, S.C. — Marcus & Millichap (NYSE: MMI), a commercial real estate investment services firm, has brokered the sale of Shoppes at Azalea, a seven-tenant retail building totaling 11,966-square feet…
CINCINNATI — Phillips Edison Grocery REIT II has acquired three properties, expanding its portfolio in Ohio and Minnesota and acquiring its first shopping center in Maryland.
Amelia, Ohio — NorthMarq Capital has secured $4.5 million in financing for Pierce Town Center, a 50,000-square-foot retail property located in Amelia.
Fort Worth, Texas —Tyler’s will open a 17,274-square-foot store at the Trademark Property Co.’s WestBend mixed-use development in Fort Worth’s University District. Slated to open in early 2016, the regional…
Plymouth, Minn. — Mid-America Real Estate Corporation’s has brokered the sale of Waterford Park Plaza in Plymouth. Cincinnati-based Phillips Edison purchased the 127,586-square-foot grocery-anchored center for $19.5 million from Plymouth-based…
Palm Springs, Calif. — La Jolla-based development company Ramsey Real Estate Group has sold The Shops at Palm Springs Marketplace in Palm Springs for $3.15 million. Harcourts & Freeman represented…
GLENDALE, COLO. — The city of Glendale has unveiled plans for a $175 million, 42-acre mixed-use development five miles southeast of downtown Denver to be named Glendale 180.
Columbus, Ga. — CBRE’s Atlanta office has finalized the sale of St. Francis Marketplace Shopping Center in Columbus. Craig Taylor, senior vice president within CBRE’s investment properties retail group, represented…
DALLAS — Dallas-based Legendary Restaurant Brands, the parent company of several restaurant chains including Bennigan’s, has signed a master development agreement to bring up to 100 new restaurants to California.
Glen Mills, Pa. — Commercial real estate lender Holliday Fenoglio Fowler (HFF) has arranged $60 million in financing for Concordville Town Centre, a 397,188-square-foot, Home Depot- and Acme Markets-anchored retail…
Niles, Ill. — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant trophy Walmart ground lease located at 5630 West Touhy Avenue…
Chattanooga, Tenn. — CBL & Associates Properties Inc. (NYSE:CBL), an owner and developer of malls and shopping centers, has added Monique Berke to its team as vice president of business…
Sevierville, Tenn. — Casual dining franchise Quaker Steak & Lube has signed a franchise development agreement with Tri C Inc. to bring the brand to Tennessee by developing a new…
Tampa, Fla. — Chicken Salad Chick will open its first Tampa restaurant near the University of South Florida this summer.
Boston — Fantini & Gorga has arranged $9 million in permanent first mortgage financing for two Massachusetts retail properties, including a Walgreens in Newton Centre and a multi-tenanted property in…
North Myrtle Beach, S.C. — RealtyLink LLC and Branch Properties LLC have completed the $60 million Coastal North Town Center, a 315,000-square-foot power center situated in North Myrtle Beach.
Round Lake Beach, Ill. — CBRE has secured the financial loan of a single-tenant retail building occupied by Kohl’s located in Round Lake Beach for $7.2 million.
Chicago and Hoffman Estates, Ill. — Sears Holdings Corp. and General Growth Properties Inc. have entered into a real estate joint venture under which Sears Holdings has contributed 12 of…
Reston, Va. — The JBG Cos. has signed Chicago-based Cooper’s Hawk Winery and Restaurant as the anchor for 40,000 square feet of retail space at RTC West in Reston.
Lower Macungie Township, Pa. — The Goldenberg Group and TCH Development have begun construction of the Hamilton Crossings Shopping Center in Lower Macungie Township.
San Antonio, Texas — CBRE has signed leases for two new San Antonio locations for Austin-based fast casual restaurant VertsKebap, with a third lease in the works.
Columbus, Ga. — America’s Realty, in partnership with ARCJ Capital, has purchased Fountain Park Shopping Center in Columbus for $4.95 million from Phillips Edison & Co.
Dallas — SRS Real Estate Partners has added Woody McMinn as president of North American brokerage in the Dallas corporate headquarters.
New York — Marcus & Millichap has arranged the sale of a 21,395-square-foot mixed-use property located in New York. The asset sold for $9.95 million.
Santa Fe Springs, Calif. — Faris Lee Investments has negotiated the $3.65 million ground-lease sale of a single-tenant retail property occupied by Jack in the Box in Santa Fe Springs.
Bloomfield Hills, Mich. — Agree Realty Corp. has closed on the acquisition of 10 retail properties for an aggregate purchase price of approximately $17.5 million. The properties are net leased…
Bedford, N.H. — HFF has arranged the $46.1 million sale of The Shoppes at Bedford Mall, a 277,289-square-foot, recently redeveloped, grocery-anchored retail center in Bedford, a suburb of Manchester.
San Juan, Puerto Rico — Puerto Rico’s first upscale shopping center, developed through a partnership with Taubman and New Century Development Inc., opened last week with more than 60 percent…
North Olmsted, Ohio — Kyle Hartung of Goodman Real Estate Services Group LLC has brokered the $2.8 million sale of Bentley Coe Plaza in North Olmsted.
Oak Brook, Ill. — RPAI has signed three new leases with Ulta Beauty and will expand two shopping centers to accommodate the retailer.
Berkeley, Calif. — Prudential Mortgage Capital Co. has provided Donahue Schriber Realty Group with $118.5 million in financing to acquire four grocery-anchored shopping centers in California and Washington.
Dallas — After 21 years, many as the top female broker in the southwest region, Jennifer Pierson has left CBRE to start her own company.
Orlando, Fla. — Sean Glickman, senior advisor for institutional investments at Coldwell Banker Commercial NRT and founder of the Glickman Retail Group, has brokered the sale of Colonial Town Center…
Camden, S.C. — ProVest Properties LLC has purchased Springdale Plaza, a 179,000-square-foot shopping center located in Camden, for $11.8 million.
Atlanta — GBT Realty Corp. has acquired a 1.7-acre site in East Cobb County, a suburb of Atlanta, for $1.65 million.
Tustin, Calif. – Kettlebar restaurant has opened at Union Market Tustin.
Atlantic City, N.J. — The Bass Pro Shops Outpost store in Atlantic City is scheduled to open Wednesday, April 15, after a ribbon-cutting ceremony.
Chicago — Mid-America Real Estate Corp.’s Investment Sales team has brokered the sale of 174 North Michigan Avenue, located in Chicago, for $12.5 million.
Staten Island, N.Y. — Staten Island Mall will undergo a multi-million dollar redevelopment that will add interior and exterior upgrades, new fashion retailers, restaurants, a Fairway Market and public piazza…
Decatur, Ill. — Block & Co. Inc. has sold a 45,114-square-foot retail strip center in Decatur for $4.65 million.
Baldwin Park, Calif. — Faris Lee Investments has completed the $2.7 million sale of a single-tenant NNN-leased property occupied by O’Reilly Auto Parts in Baldwin Park.
Lombard, Ill. — Leopardo Companies Inc. has completed its 68,000-square-foot renovation of the AMC Yorktown 18 featuring AMC Red Kitchen in Lombard.
Provo, Utah — Hanley Investment Group has completed the sale of a 13,620-square-foot, multi-tenant retail property located at the entrance to Brigham Young University in Provo. The sale price was…
Glendale, Calif. — In celebration of its 40th anniversary, Massis Kabob has expanded and rebuilt a bigger flagship restaurant that occupies 1,500 square feet in the Glendale Galleria food court.
Mesa, Ariz. — Shopoff Realty Investments has sold Augusta Ranch Marketplace, an 80,247-square-foot grocery-anchored shopping center, as well as an adjacent developable pad, in Mesa, for $14 million.
Auburn, Wash. — Loja Real Estate LLC has sold Lakeland Town Center in Auburn to Donahue Schriber Realty Group for approximately $51.5 million.
Rancho Mission Viejo, Calif. — Westar Associates has begun development and leasing of Sendero Marketplace, a new 11.5-acre neighborhood retail center in Rancho Mission Viejo, a planned community in California.
Blaine, Minn. — Transwestern’s Chicago office has brokered the sale of The Village of Blaine Shopping Center located in Blaine.
Minneapolis — Mid-America Real Estate – Minnesota LLC has added Tricia Pitchford to the brokerage’s Project Leasing team.
New York — Rouse Properties Inc. has executed lease agreements with Grimaldi’s Pizzeria to open at three of its malls in late 2015: Southland Center in Taylor, Michigan; Chesterfield Towne Center…
Lilburn, Ga. — Wheeler Real Estate Investment Trust Inc. (Wheeler REIT) has purchased Beaver Ruin Village, a 74,038-square-foot shopping center located in Lilburn, a suburb of Atlanta.
Trinity, Fla. — According to developer The Sembler Co., Publix will anchor the Shoppes at Trinity Lakes, a 76,000-square-foot center located in Trinity, Florida.
Round Lake Beach, Ill. — Lee & Associates has negotiated the $12.7 million sale and purchase of a Kohl’s store, located in Round Lake Beach.
New York — Eastern Consolidated has arranged the sale of a multiple-property portfolio, known as the Lee Estate Portfolio, for $107 million.
Fort Lauderdale, Fla. — Franklin Street has completed the sale of a neighborhood shopping center for $5.7 million.
Secaucus, N.J. — RKF has arranged the $64 million sale of the Plaza at Harmon Meadow, a multi-building, 217,613-square-foot retail/office property located in Secaucus.
Columbus, Ohio — Easton Town Center, a 1.7 million-square-foot shopping center located in Columbus, has signed lease agreements with 13 new tenants that will be included in the shopping center’s…
Seattle — A four-property retail portfolio in Seattle has received $64 million in financing.
Denton, Texas — H&M, a fashion retailer, will open a new location in Denton. The 23,000-square-foot property is located at the Golden Triangle Mall and is set to open this…
Auburn and Tacoma, Wash. —Donahue Schriber Realty Group has acquired Lakeland Town Center in Auburn, as well as Westgate North located in Tacoma. The combined purchase price for both properties…
More than 2 million square feet of retail space is under construction or planned in Miami-Dade County, most of which is coming online in Miami’s urban core.
Los Angeles — Crenshaw Square, built in 1959 and long a community landmark in Los Angeles, has sold for $5.9 million. The mixed-use building totals 58,792-square-foot of retail and office…
Brooklyn, Minn. — Robert Bhat, vice president of NorthMarq Capital’s Miami-based regional office, has secured a $13 million commitment for the refinancing of Shingle Creek Crossing Phase III, located in…
Atlanta — Marcus & Millichap has brokered the sale of the 19,969-square foot retail component of the Windsor Glenridge Springs mixed-use project in Atlanta. The sale price of $6.4 million…
Atlanta — Marc Kirchhoff has joined Halpern Enterprises as vice president. Kirchhoff will spearhead Halpern’s build-to-suit retail development program, finding and developing locations for national tenants in the Southeast.
Bloomfield Hills, Mich. — Agree Realty Corp. has recently closed on the acquisition of 15 retail properties for an aggregate purchase price of approximately $42.1 million.
St. Charles, Ill. — The Boulder Group has brokered the $2 million sale of a single-tenant, net lease On The Border restaurant property in St. Charles.
Douglasville, Ga. — Ackerman & Co. has brokered the sale of a 14,490-square-foot, single-tenant, net-leased Walgreens in Douglasville for $5.8 million, or 99 percent of asking price.
Irving, Texas — BMC Capital has arranged a $3.2 million purchase loan for a multi-tenant retail property located in Irving.
Las Vegas — A 55,583-square-foot retail center in Las Vegas has sold to Charleston Festival Retail LLC for $13.8 million.
Dublin, Calif. — Ross Dress for Less opened more than 20 new stores nationwide on March 7.
Led by retailers, open-air centers and mixed-use environments today are focused on customer experience. What is experience? And, more importantly, how are developers creating them for customers? By Randall Shearin
Longwood, Fla. — CBRE has arranged the sale of a 61,200-square-foot retail center located in Longwood for $3 million.
Miami Gardens, Fla. — Palmetto Park has broken ground on the inline space at Palmetto Gardens Plaza, a 63,000 square-foot shopping center located in Miami Gardens.
Cincinnati — Phillips Edison & Co. has appointed six new vice presidents.
New York — Bonobos, the Internet-launched e-commerce men’s clothing brand, will upon its Guideshop retail concept with the June 2015 launch of its first flagship location in the Flatiron District…
Los Angeles — The seller was a Los Angeles-based private investor represented by Ed Hanley, Kevin Fryman and Eric Wohl of Hanley.
Dallas — Victory Park includes 621,000 square feet of Class A office space, the 252-room W Dallas – Victory Hotel and more than 1,700 residential units.
Highland Village, Texas — Upgrades includes enhanced common area improvements, upgraded landscaping, new amenities for adults and children, and more.
Houston — Simon will also build a 14,000-square-foot, freestanding retail building along Westheimer Road.
Austin, Texas — Southpark Meadows III is 94 percent occupied.
Beachwood, Ohio — Petherbridge joined DDR as senior vice president of capital markets in December 2011.
Philadelphia — Lawndale Plaza is located in the Lawndale submarket in northeast Philadelphia.
Tucson, Ariz. — The seller was Casas Adobes Plaza LLC.
San Jose, Calif. — The first restaurant developed by franchisee Tom Menik is anticipated to open at the end of the year.
Madison, Wisc. — Burlington Coat Factory and Jo-Ann Fabrics are the anchor tenants at Westland; other tenants include Rogan Shoes, Burger King, and Hand & Stone Massage and Day Spa.
Tallahassee, Fla. — University Village's major tenants include Gold’s Gym and a United States Post Office.
Sandy Springs, Ga. — LA Fitness anchors Sandy Springs Crossing, and other tenants include Rockler Woodworking, Salons by JC, Gwinnett College, Hinton’s Wines, Bride Beautiful and Nori Nori Japanese Restaurant.
Mission Viejo, Calif. — Mission Viejo Garden Plaza was built in 1975 and renovated in 2009.
West Des Moines, Iowa — Baceline purchased the 142,600-square-foot neighborhood shopping center in 2013.
Los Angeles — The spotlight is shining brightly on those who can successfully execute entertainment retail — essentially, a full-circle experience that provides shoppers with more than just a physical…
By Robyn Marano
Freehold, N.J. — The center was completely vacant before a recent recapitalization and is now 100 percent leased.
Clark, N.J. — Executed leases lined up for 100 percent of the center include anchor tenants of Whole Foods and HomeGoods.
Columbia, S.C. — Based in Jackson, Mississippi, Newk’s currently has 77 units in 13 states, predominantly in the Southeast.
Atlanta — All three retailers are expected to open this fall.
Weeki Wachee, Fla. — There are approximately 24 years remaining on the lease.
Virginia Beach, Va. — The location is adjacent to Virginia Beach Town Center.
Port Arthur, Texas — Port Arthur Center is fully leased to tenants including Hobby Lobby, Party City, PetSmart, Firehouse Subs, Cash Store, Gulfside Dental and Chipotle Mexican Grill.
Joliet, Ill. — With the addition of a new building, the total gross leasable area of Joliet Commons will increase to 229,000 square feet.
Bloomington, Ill. — The dine-in entertainment complex features 10 large, wall-to-wall screens and all-new stadium seating.
Cedar Hill, Texas — Uptown Village at Cedar Hill currently includes 350,000 square feet of specialty stores and restaurants.
Monroe Township, N.J. — The transaction was structured with a 10-year term and 30-year amortization schedule.
Lake Geneva, Wisc. — Anchor tenants at Geneva Square include a 50,000-square-foot Piggly Wiggly and Aurora Health Center, a 63,000-square-foot health care provider.
Tempe, Ariz. — The Target store is approximately 115,000 square feet and the US Bank is approximately 3,400 square feet.
Beachwood, Ohio — Oakes assumed the role of president and CFO in January 2013.
Indianapolis — The retail center’s anchor tenant, Kroger, is not part of the acquisition.
Irvine, Calif. — The seven centers total more than 800,000 square feet.
Thomas OnderShareholder, Stark & Stark
Lafayette, Ind. — Lafayette Pavilions Shopping Center is anchored by Gordmans, Hobby Lobby, Gander Mountain and TJ Maxx.