By Zack Markwell, Co-Founder of Stonemont Financial Group
- Published in SCBlog
Meriden, Conn. — Urstadt Biddle Properties Inc. has sold Townline Square Shopping Center, a 315,000-square-foot retail center in Meriden, for $44.5 million.
Brockton, Mass. — Marcus & Millichap has arranged the $18.7 million sale of a 65,425-square-foot Stop & Shop located in Brockton.
Baltimore — Baltimore-based DDG has named Tony Van Vliet as president and CEO after the passing of former CEO Ahsin Rasheed.
Matthews, N.C. — Ziff Properties Inc. has acquired Matthews Festival Shopping Center, a 127,817-square-foot retail center located in Matthews, for $8.1 million.
Charlotte, N.C. — Charlotte-based Belk, Inc., the nation's largest family owned and operated fashion department store company, has entered into a definitive merger agreement whereby investment funds managed by New York-based…
Wayland, Mass. — Zurich Asset Management has acquired Wayland Town Center, a mixed-use retail center in Wayland, from a joint venture between KGI Properties and J.P. Morgan Asset Management for $68…
Fort Worth, Texas — Kite Realty Group Trust has acquired Chapel Hill Shopping Center, a 191,000-square-foot power center located in Fort Worth.
Waltham and North Andover, Mass. — Holliday Fenoglio Fowler (HFF) has secured $35.23 million in combined financing for Main Street Marketplace, a 44,461-square-foot retail center located in Waltham, and Eaglewood…
Virginia Beach, Va. — Virginia Beach-based Wheeler Real Estate Investment Trust Inc. has acquired a portfolio of three grocery-anchored properties in North Carolina for $15.3 million.
Seattle — Retail Properties of America Inc. has signed a lease with Corner Bakery Café to open a 4,200-square-foot restaurant at Heritage Square in the Seattle Metropolitan Statistical Area.
Chicago — Chicago-based Starwood Retail Partners has named Chelsie Petereit as Vice President of Marketing.
Hayward, Calif. — DTZ has arranged the $32.5 million sale of Jackson Square, a 114,220-square-foot retail center located in Hayward.
Phoenix —Primestor Development has begun major renovations at Palm Glen Shopping Center, a 177,754-square-foot shopping center anchored by Food City and Wells Fargo in Phoenix.
National City, Calif. — Marcus & Millichap has arranged the $14.87 million sale of National City Plaza, an 84,230-square-foot grocery-anchored center located in National City.
Atlanta — Atlanta-based Ackerman & Co. has named Leo Wiener as its president of retail.
Green Bay, Wis. —The Green Bay Packers, winners of four Super Bowls and 13 championships overall on the gridiron, have unveiled development plans for a $130 million business district —…
Columbus, Ga. — Colliers International has brokered the $30 million sale of The Landings, a 277,000-square-foot lifestyle and community shopping center located in Columbus, a city in west Georgia near…
Las Vegas — DTZ has arranged the $19.7 million sale of Cheyenne Point Shopping Center, a 93,901-square-foot center located in Las Vegas.
Danville, Calif. — Eight stores are set to open at joint developers Castle Cos. and Nearon Enterprises' mixed-use redevelopment of the historic Danville Hotel in downtown Danville.
Orlando, Fla. — The Shopping Center Group (TSCG) has arranged the $15.5 million sale of Mariner’s Village, a 133,400-square-foot shopping center located in Orlando.
New York — J.P. Morgan is the lead lender of the $150 million acquisition financing for 520 Fifth Avenue, a development site located at the southeast corner of 43rd Street and…
Memphis, Tenn. — Colliers International has arranged the $21.5 million refinancing of Poplar Plaza, a 351,419-square-foot shopping center in Memphis.
Las Vegas — DTZ has arranged the $15 million sale of Alamosa Plaza, a 77,650-square-foot shopping center located in Las Vegas.
Chicago — NorthPoint Capital Funding Inc. has named Edward Bluemel II as Director.
Bellingham, Wash. — Sun Commercial Real Estate Inc. has arranged the $7 million sale of a 15,120-square-foot single tenant Walgreens located in Bellingham.
Claremont, Calif. — NAI Capital has arranged the sale of a 22,750-square-foot Sprouts Farmers Market located in Claremont.
Old Bridge, N.J. — Dollar Tree is set to open four new locations across the state of New Jersey by July 2016.
San Bruno, Calif. — QIC, one of the largest institutional investment managers in Australia, has acquired the Shops at Tanforan in the San Francisco Bay Area suburb of San Bruno for…
Carlsbad, Calif. — Linwood Ventures’ La Costa Towne Center, a 123,000-square-foot shopping center located in Carlsbad, is undergoing a $15 million renovation and being renamed The Beacon La Costa.
Riverside, Calif. — Faris Lee Investments has arranged the $13 million sale of Tyler Village, a 91,498-square-foot neighborhood retail center located in Riverside.
Tupelo, Miss. — Hanley Investment Group Real Estate Advisors has arranged the $8.7 million sale of the Shops at Barnes Crossing, a 75,000-square-foot neighborhood shopping center located in Tupelo.
San Diego — Dolce Pane e Vino will open a 5,126-square-foot location at The Village at Pacific Highlands Ranch, a 160,000-square-foot mixed-use development located in the North County Carmel Valley…
By Zack Markwell, Co-Founder of Stonemont Financial Group
Largo, Fla. — Sterling Org. has sold Barclay Square, a 99,054-square-foot shopping center located in Largo, for $18.9 million.
East Peoria, Ill. — The Boulder Group has arranged the $2.8 million sale of a single tenant net-leased OfficeMax property in East Peoria.
Napa, Calif. — A joint venture between Madison Marquette and Carlin Co. has arranged the recapitalization of Oxbow Publix Market, a 30,000-square-foot shopping center located in Napa.
Calabasas, Calif. — Calabasas-based Marcus & Millichap has arranged the $35.3 million sale of a 29,813-square-foot property portfolio consisting of 12 corporate, freestanding 7-Eleven convenience stores in Ohio.
Laguna Hills, Calif. — Holliday Fenoglio Fowler (HFF) has secured a $33 million refinancing for The Village at Nellie Gail Ranch, an 87,561-square-foot Smart & Final Extra-anchored shopping center located…
Calabasas, Calif. — Calabasas-based Marcus & Millichap has arranged the $26.2 million sale of a 338,755-square-foot, eight property shopping center portfolio located in the metro areas of St. Louis, Cincinnati…
Waterville, Maine — Fantini & Gorga has secured $7.5 million in acquisition financing for a freestanding Rite Aid Pharmacy in Waterville.
Westminster, Calif. — NorthMarq Capital has secured $4.5 million in refinancing for Palm Court Plaza, a 29,000-square-foot retail property located in Westminster.
Indianapolis — Indianapolis-based Simon Property Group continues to add to its significant retail portfolio with the opening of two new projects: Gloucester Premium Outlets in Gloucester Township, New Jersey, and…
Boston — Simon Property Group will begin extensive renovations on Copley Place, an 800,000-square-foot urban mixed-use office and retail space located in Boston.
Denver — Holliday Fenoglio Fowler (HFF) has arranged joint venture equity and financing for a recapitalization of Denver Pavilions, a 351,347-square-foot, open-air regional shopping mall located in downtown Denver.
Frederick, Md. — Washington Property Co. (WPC) has acquired Ballenger Creek Plaza, a 75,527-square-foot shopping center located in Frederick, for $9.5 million.
Baker and Highland, Calif. — Progressive Real Estate Partners has arranged the $4.5 million sale of two single-tenant, triple-net leased Burger King drive through locations in the Inland Empire cities…
Westmont, Ill. — Westmont, Illinois-based Tri-land Properties Inc. has named Paul Sevenich as vice president of leasing.
Ranson, W. Va. — CBRE’s Retail Investment team has arranged the sale of a 2.47-acre, Rite Aid-leased pad site in Ranson.
Niles, Ohio — Lane Bryant, Tilt Studio and H&M will open new locations at Cataro Co.’s Eastwood Mall in mid-September.
Alpharetta and Locust Grove, Ga. — Blanchard & Calhoun Commercial (BCC) has arranged the $19.5 million sale of two Publix-anchored centers located in the Atlanta suburbs of Alpharetta and Locust…
El Paso, Texas — NorthMarq Capital has arranged $7.6 million in refinancing for Yarborough Plaza.
Dallas — Henry S. Miller Co. has closed on the sale of a 49 percent ownership interest in two of its largest North Dallas shopping centers to a private family…
Wayland, Mich. — Mid-America Real Estate Corp.’s Investment Sales team has arranged the sale of Chambers Corners, a 99,564-square-foot grocery-anchored center located in Wayland, 30 minutes south of Grand Rapids.
Woodland Hills, Calif. — Venture West Funding Inc. has arranged a $10.2 million loan for the refinance of Pride Center, a 185,265-square-foot shopping center located in Woodland Hills.
Rock Hill, S.C., and High Point, N.C. — The Shopping Center Group (TSCG) has arranged the sale of two grocery anchored neighborhood centers in the Carolinas.
Carmel, Ind. — The Boulder Group has arranged the sale of a 55,757-square-foot, single-tenant dark Romano’s Macaroni Grill property located in Carmel for $1.4 million.
Aurora, Colo. — Cushman & Wakefield has arranged the $20.1 million sale of City Center Marketplace, a 234,255-square-foot shopping center located in the Denver suburb of Aurora.
Yuma, Ariz. — DTZ has arranged the $13.7 million sale of Pioneer Shopping Center, a 140,610-square-foot shopping center located in Yuma.
Calabasas, Calif. — Calabasas-based Marcus & Millichap has named nine senior vice presidents of investments and four executive vice presidents of investments.
Uniontown, Pa. — Pennsylvania Real Estate Investment Trust (PREIT) has sold Uniontown Mall, a 700,000-square-foot property located in Uniontown, for $23 million.
City of Industry, Calif. — Lee & Associates has arranged the sale of Puente Hills East, a 195,063-square-foot shopping center located in City of Industry, for $36.7 million.
San Diego — A comingled fund managed by New York-based Clarion Partners has acquired a 294,428-square-foot portfolio from the McGrath Family located in San Diego for $107.1 million.
Glendale, Ariz. — Lee & Associates has arranged the sale of two Glendale shopping centers, Glendale Market Square and Arrowhead Plaza, for a total of $38.6 million.
Harrison, N.Y. — Urstadt Biddle Properties Inc. has acquired the Harrison Shopping Center, a 25,000-square-foot, grocery-anchored center located in Harrison, roughly 25 miles outside New York City, in an all…
Plano, Texas and Fresno, Calif. — Phillips Edison Grocery Center REIT II Inc. has acquired two grocery-anchored shopping centers, Plano Market Street and West Acres Shopping Center, in Plano and…
Arvada, Colo. — Northbrook, Illinois-based Pine Tree Commercial Realty LLC has acquired Arvada Marketplace-Connection, a 367,510-square-foot shopping center located in the Denver suburb of Arvada, for $54.9 million.
Westminster, Colo. — Orchard Town Center, a 914,000-square-foot open-air regional retail center located in Westminster, has added seven new tenants to its roster.
Lakeland, Fla. — Lakeland South LLC, an affiliate of Century Retail LLC, has announced $750,000 worth of renovations at Lakeland South Center, a 64,332-square-foot shopping center located in Lakeland.
Chicago — Starwood Retail Partners has hired Angela Aman as CFO.
North Richland Hills, Texas — The Woodmont Co. has arranged the $6.3 million sale of North Hills Village, a 188,856-square-foot retail center located in North Richland Hills, less then 30…
By Shah Karim, CEO, Saferock
Scranton, Pa. — The Shopping Center Group (TCSG) has arranged the sale of Mall at Steamtown, a 558,816-square-foot enclosed regional mall located in Scranton.
Livingston, N.J. — Holliday Fenoglio Fowler (HFF) has arranged the sale of Livingston Shopping Center, a 140,000-square-foot power center located in Livingston.
Gulf Breeze, Fla. — Westwood Financial Corp. (WFC) has acquired Tiger Point Shopping Center, a 147,400-square-foot shopping center located in Gulf Breeze near Pensacola.
Lakeview Terrace, Calif. — NorthMarq Capital has arranged the $9.6 million refinance of Lakeview Terrace Center, a 78,634-square-foot shopping center located in Lakeview Terrace.
Collierville, Tenn. — Ziff Properties Inc. has acquired The Shops of Collierville, a 60,000-square-foot retail center located in the Memphis suburb of Collierville, for $7.43 million.
Irvine, Calif. — Irvine-based Faris Lee Investments has arranged the sale of two single tenant buildings occupied by Walgreens and Miller’s Ale House Restaurant.
Livermore, Calif. — NorthMarq Capital has arranged the $10 million refinance of Livermore Valley Shopping Center, a 78,377-square-foot retail property located in Livermore.
Wauwatosa, Wis. — J. Crew will open its second J. Crew Mercantile location in the U.S. at The Mayfair Collection shopping center in Wauwatosa.
Paducah, Ky. — Vertical Trampoline Park will open a 24,000-square-foot location at Kentucky Oaks Mall, an over 1 million square foot retail center owned by Cataro in Paducah, in October.
Pittsburgh — Pittsburgh-based ECHO Realty has acquired a portfolio of eight Harris Teeter and Publix-anchored shopping centers located in Virginia, North Carolina, Georgia and Florida for $125 million.
Atlanta — Atlanta-based RCG Ventures has acquired three shopping centers in Tennessee, Alabama and Michigan.
Tampa, Fla. — Miami-based Saglo Development Corp. has acquired Florida & Waters Shopping Center, a 159,120-square-foot shopping center located in Tampa, for $8.25 million.
Bradenton, Fla. — Calkain Cos. has arranged the $1.4 million sale of a 4,186-square-foot, single-tenant Wells Fargo Bank ground lease location in Bradenton.
Wayland, Mich. — Integra Real Estate Capital has secured $5.66 million in acquisition financing for Chambers Corners, a 99,600-square-foot shopping center located in Wayland, 20 miles south of downtown Grand…
Fort Lauderdale, Fla. — Berkadia has arranged a $50 million loan for Coral Ridge Mall, a 500,000-square-foot retail center located in Fort Lauderdale.
Moreno Valley, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two multi-tenant retail properties located in Moreno Valley for $10.4 million.
Charlotte, N.C. — Real estate developer Stiles has hired a new senior vice president and promoted two employees in its Charlotte office.
Athens and Lawrenceville, Ga. — Franklin Street has arranged the sale of two retail properties located in Georgia, Cross Creek Village II and Athens Plaza.
Seaside, Calif. — Savills Studley’s National Retail Services Group has arranged the $16 million sale of a triple-net leased, 119,000-square-foot Home Depot located in Seaside.
Kissimmee, Fla. — The Travel Corporation has begun a $10 million renovation of Old Town USA, a 10-acre collection of shops, restaurants and attractions located in Kissimmee, five miles east…
Orlando — Crossman & Co.’s Senior Vice President John Zielinski has been promoted to COO.
Waco, Texas — Sky Zone Indoor Trampoline Park will open a 19,100-square-foot facility located east of Richland Mall in Waco.
Rancho Cucamonga and San Dimas, Calif. — Crunch Franchise, a New York-based gym chain, has opened two new locations in Rancho Cucamonga and San Dimas.
New York — Holliday Fenoglio Fowler LP (HFF) has arranged the $44 million refinancing of a fully occupied retail condominium located in Manhattan’s Chelsea neighborhood.
Eau Claire, Wis. — Marcus & Millichap has arranged the $12.5 million sale of a 94,705-square-foot, triple-net-leased Shopko location in Eau Claire.
Howell, Mich. —Viking Partners LLC has sold Crossroads Town Center, a 102,275-square-foot shopping center located in Howell, for $8 million.
Monroe Township, N.J. — CBRE Group Inc. has arranged a $7.7 million mortgage refinancing for Monroe Town Center, a Wawa-anchored 32,205-square-foot community retail center located in Monroe Township.
By A. Yoni Miller
Oak Brook, Ill. — Retail Properties of America Inc. has hired Heath Fear as the company’s new Chief Financial Officer.
Sandy Springs, Ga. — SRS Real Estate Partners (SRS) has brokered three new leases at Gateway, a 21-acre, 121,071-square-foot mixed-use development in Sandy Springs.
Los Angeles — An ownership group led by Hankey Investment Co. and Jamison Services Inc. has unveiled plans for Circa, a $500 million mixed-use development in downtown Los Angeles.
Germantown, Tenn. — Trademark Property Co. has broken ground on the second phase of redevelopment at Saddle Creek, a 173,000-square-foot lifestyle center located in the Memphis suburb of Germantown.
Glendale, Ariz. — Colliers International has arranged the $6 million sale of Arrowhead Lakes Marketplace, a 22,280-square-foot grocery-anchored retail center located in Glendale.
Irvine, Calif. — Irvine Co. Retail Properties has announced the opening of new restaurants across its Orange County portfolio, including Fashion Island, Irvine Spectrum Center, The Market Place and several…
Flower Mound, Texas — InvenTrust Properties Corp. has acquired The Highlands of Flower Mound, a 169,447-square-foot SuperTarget shadow-anchored shopping center located in the master-planned community of Flower Mound, for $45.75…
Atlanta — FCA Partners has acquired Parkway Pointe, a 196,664-square-foot retail center located within Atlanta’s Cumberland Galleria submarket, less than one mile from SunTrust Park, the future home of the…
New York City — SL Green Realty Corp. has inked a 10-year lease with Adidas to occupy retail space at its 115 Spring St. property in the Manhattan neighborhood of…
Smithtown, N.Y. — Marcus & Millichap has arranged the $10.4 million sale of a 14,460-square-foot Walgreens drugstore on the North Shore of Long Island in Smithtown.
Ceres, Calif. — Phillips Edison & Co. has acquired Central Valley Marketplace, an 81,897-square-foot shopping center located in Ceres.
Hialeah, Fla. — CREC has arranged the $23.1 million sale of El Mercado Shopping Center, a 96,000-square-foot shopping center located in Hialeah.
Sachse and San Antonio, Texas — Venture Commercial Real Estate has represented Fitness International LLC in deals for two new LA Fitness clubs in Sachse and San Antonio.
Mobile, Ala. — Rouse Properties Inc. will begin a redevelopment of The Shoppes at Bel Air in Mobile.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has purchased two Safeway-anchored shopping centers in Colorado.
Henderson, Nev. — Vestar has completed a $120 million buyout of The District at Green Valley Ranch, a 37-acre, 384,107-square-foot retail property located 10 miles southeast of the Las Vegas…
Miami — Swire Properties Inc., in partnership with retail co-developers Whitman Family Development and Simon Property Group, has signed two new luxury retailers to join Brickell City Centre’s 500,000-square-foot shopping…
Easton, Mass. — Phillips Edison & Co. has acquired Highlands Plaza, a 112,869-square-foot Hannaford-anchored shopping center located in Easton.
Columbus, Ohio — The Boulder Group has arranged the $7.7 million sale of a single tenant, net-leased 12,420-square-foot Walgreens property in Columbus.
Asheboro, N.C. — CBL & Associates Properties Inc. has announced that Ross Dress for Less and Ulta Beauty will open locations at Randolph Mall, a 400,000-square-foot mall located in Asheboro…
Savannah, Ga. — H&M and the Savannah Tap Room are set to open locations on Broughton Street as part of The Broughton Street Collection, Ben Carter Enterprises’ $75 million historic…
High Point, N.C. — Avison Young has arranged the $6.25 million sale of Eastchester Shopping Center, a 63,306-square-foot center anchored by Office Depot in High Point.
Brandywine, Md. — Calkain Cos. has arranged the sale of two ground lease properties, a Cheddar’s Casual Café and McDonald’s, both located at Brandywine Crossing Shopping Center in Brandywine.
Plano, Texas — Pierson Retail Advisors (PRA) has arranged the sale of Ruisseau Village, a 124,567-square-foot shopping center located in Plano.
Bloomington, Minn. — Crayola will open a 60,000-square-foot Crayola Experience family attraction at Mall of America in summer 2016.
Dublin, Calif. — Dublin-based Ross Stores Inc. will open five new Ross Dress for Less locations in Tennessee, Indiana, North Carolina and Illinois.
Dulles, Va. — Lerner Enterprises has announced that Dulles Town Center, a 1.4 million-square-foot super-regional mall located in Northern Virginia, will add three new dining tenants, and a full-service bar…
Atlanta — Miami-based The Related Group has unveiled plans for its new high-rise apartment tower in Midtown Atlanta.
Wallington, N.J. — NorthMarq Capital has arranged $16 million in refinancing for Wallington Plaza, a 92,823-square-foot shopping center located in Wallington.
Providence, R.I. — Sterling Organization has acquired Wampanoag Plaza, a 225,908-square-foot shopping center located in Providence, for an undisclosed price.
Mansfield, Ohio — Block & Company Inc. Realtors has sold a 55,316-square-foot retail center, shadow-anchored by Walmart, located in Mansfield for $2.9 million.
Wayne, Pa. — Regency Centers has announced plans to renovate Gateway Shopping Center, a 214,212-square-foot shopping center located in Wayne, northwest of Philadelphia.
Beverly Hills, Calif. — Harbor Group International LLC (HGI) has acquired 357 North Beverly Drive, a 14,144-square-foot urban retail property in Beverly Hills, for $40 million.
Las Vegas — NorthMarq Capital has arranged the $16.85 million refinance of Trop Dec Plaza, a 74,824-square-foot retail property located on Tropicana Avenue in Las Vegas.
Odenton, Md. — Giant Food will open a 60,492-square-foot, full-service grocery store at Odenton Shopping Center located in Odenton.
Jacksonville, Fla. — Ziff Properties Inc. has acquired Merrill Crossings Shopping Center Phase I, a 125,869-square-foot, mixed-use property located in Jacksonville, for $8.6 million.
Atlanta — CBRE has arranged the sale of a four-asset portfolio comprised of four freestanding, single-tenant Lowe’s Home Improvement stores in the Atlanta metropolitan statistical area totaling approximately 532,735 square…
Manahawkin, N.J. — Holliday Fenoglio Fowler LP (HFF) has arranged the sale of Manahawkin Commons, a 318,100-square-foot, multi-anchor retail center located in Manahawkin, for $42.25 million.
Fredericksburg, Va. — H&R Retail has arranged the sale of Spotsylvania Crossing, a 113,000-square-foot shopping center located in Fredericksburg, for an undisclosed price.
Chicago — KBS and CBRE have announced that six new restaurants—Eastman Egg Company, BenjYehuda, Piggy Back Tavern BBQ, Madison Tavern, Halsted Street Deli and Freshii—will open at Marketplace@500, the recently…
Cincinnati — Steiner + Associates and Bucksbaum Retail Properties have announced the first group of tenants for Liberty Center, the 64-acre 1.2 million-square-foot mixed-use property the companies are developing in…
Santa Clarita, Calif. — JSB Development has broken ground on the first phase of Vista Canyon, a 185-acre mixed-use development comprising close to 1 million square feet of retail, office…
Doral, Fla. — The Related Group, in partnership with Prudential and Shoma Homes, has secured a $137 million construction loan for phase III of CityPlace Doral, a mixed-use development located…
Tipp City, Ohio — Integra Real Estate Capital has secured $6.7 million in refinancing for Tipp City Plaza, a 114,850-square-foot shopping center located in Tipp City.
Pompano Beach, Fla. — CBRE has arranged the sale of Pompano Plaza, a 61,658-square-foot, two-story multi-tenant retail/office center located in Pompano Beach for $4.5 million.
Dallas — Village on the Parkway, a 357,731-square-foot retail center located in Dallas, has added four new tenants to its roster.
Cross Roads, Texas — Holliday Fenoglio Fowler LP (HFF) has arranged the sale of two multi-tenant outparcels totaling 24,000 square feet located at Village at Cross Roads shopping center in…
Upland, Calif. — Progressive Real Estate Partners has signed two new restaurant leases totaling 7,940 square feet at Colonies Crossroads, a 1.1 million-square-foot shopping center located in Upland.
Chicago — Tucker Development, a fund manager and developer of shopping centers and mixed-use properties, has hired Deno Varlas to serve as chief financial officer.
Frisco, Texas — Thomas Land & Development’s Wade Park, a 175-acre, $1.6 billion mixed-use development located in Frisco, has added nine new tenants to its roster.
Centreville, Va. — The KLNB Retail Investment Sales Group has brokered the $55.5 million sale of Old Centreville Crossing, a 170,000-square-foot shopping center located at 13810-13860 Braddock Road in Centreville…
Scottsdale, Ariz. — DTZ has arranged the sale of The Summit at Scottsdale, a 190,408-square-foot shopping center located in Scottsdale, for $54.1 million.
Lilburn, Ga. — SRS Real Estate Partners has arranged the sale of two shopping centers in Lilburn for $16.7 million.
Richardson, Texas — CityLine, a 186-acre mixed-use project developed by KDC, will open three new restaurants: Tricky Fish, Fernando’s Mexican Cuisine and Fresh To Order.
San Diego — AGC SD Retail Holdings LLC, a joint venture between Citivest Commercial Investments LLC and Angelo, Gordon & Co., has acquired a nine-property retail portfolio in San Diego…
Denver — Denver-based Baceline Investments LLC has acquired a portfolio of 10 neighborhood retail centers totaling approximately 418,000 square feet for $33 million.
West Dundee, Ill. — Rouse Properties Inc. will begin the redevelopment of Spring Hill Mall, a 1.2 million-square-foot, single-level regional mall located in the Chicago suburb of West Dundee.
Glen Allen, Va. — Glen Allen-based Capital Square Realty Advisors LLC has acquired three Food Lion-anchored shopping centers in North Carolina and South Carolina.
Kinston, N.C. — The Greysteel Company has arranged the sale of Marketplace at Kinston, a 52,320-square-foot retail center located in Kinston.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired three grocery-anchored shopping centers in Michigan, California and Massachusetts.
Oak Brook, Ill. and Atlanta, Ga. — InvenTrust Properties Corp. has made three new appointments to its senior management team.
River Forest, Ill. — Mid-America Asset Management Inc. has brokered a 28,220-square-foot retail lease at 7501 W. North Ave. in River Forest.
By Brad Oppenheimer
New York City— Cushman & Wakefield has brokered the sale of a retail condominium located in Manhattan’s East Village.
Myrtle Beach, S.C. and New Bern, N.C. — Crosland East has plans to develop two Publix-anchored centers, Village Shops at Grand Dunes and River Place Shopping Center, in Myrtle Beach…
Roswell, Ga. — Marcus & Millichap has arranged the sale of Crossville Village, a 74,790-square-foot shopping center located in the north Atlanta suburb of Roswell, for $10.35 million.
Lemont, Ill. — Lemont-based Englewood Construction has completed seven retail projects throughout the country.
Atlanta — Earth Fare, a specialty organic and natural foods grocery store, will open a 24,782-square-foot space at Emory Point, a mixed-use development located in the Druid Hills neighborhood of…
El Paso, Texas — Johnny Rockets has arranged a development agreement with Cruzar Group LLC to open Johnny Rockets restaurants in El Paso, including the brand’s new Route 66 expression.
Manassas, Va. — Holliday Fenoglio Fowler L.P. (HFF) has arranged a $33.75 million refinancing for Davis Ford Crossing, a 152,391-square-foot shopping center in Manassas.
East Lansing, Mich. — Cohen Financial has arranged a $7.7 million CMBS loan for Trowbridge Village Retail Center, a 48,600-square-foot grocery anchored shopping center located adjacent to Michigan State University…
Leawood, Kan. — CBRE has arranged the sale of Park Place Village, a 483,119-square-foot office and retail development located in Leawood, for $126.5 million.
Diamond Bar, Calif. — Foremost Companies has acquired two adjacent shopping centers in Diamond Bar totaling more than 120,000 square feet of leasable commercial space for $23 million.
New York — Marcus & Millichap has arranged the sale of a freestanding, 10,500-square-foot Walgreens located in Queens for $15.7 million.
Muscle Shoals, Ala. — PGM Properties LLC and Coro Realty Advisors LLC will develop a new Publix-anchored shopping center in Muscle Shoals at the former Highland Park Baptist Church site.
Garden City Park, N.Y. — The Blumenfeld Development Group has begun redevelopment on the former Pergament Home Center site in Garden City Park to create a two-level retail building.
New York — CPA:17 – Global, a non-traded managed REIT of New York-based W.P. Carey Inc. (NYSE: WPC), has purchased a portfolio of six Midwestern net lease properties leased to…
Trinity, Fla. — The Sembler Company has broken ground on Shoppes at Trinity Lakes, a 65,000-square-foot shopping center located in Trinity.
Fort Worth, Texas — Jeff Johnson will join Trademark Property Co. as senior vice president of development on July 6.
San Bruno, Calif. — Sears has announced the opening of a 4,000-square-foot flagship Connected Solutions location at The Shops at Tanforan in San Bruno.
Bridgehampton, N.Y. — Garnet Hill opened its first seasonal 1,700-square-foot, brick-and-mortar location at the center of Bridgehampton’s downtown district in The Hamptons on June 27.
Fort Bliss, Texas — Freedom Crossing at Fort Bliss, the first open-air shopping center on a military base, has opened two new stores with a third on the way.
Tempe, Ariz. — Arizona State University (ASU) and Catellus Development Corp. will develop an urban community adjacent to ASU’s Tempe Campus.
Los Angeles — The Village at Westfield Topanga, an over a million-square-foot addition to the power shopping center Westfield Topanga, is set to open mid-September in the Los Angeles neighborhood…
Miami — Marcus & Millichap has arranged the sale of Tamiami East, a 54,864-square-foot shopping center located in Miami, to IMC Properties for $15.9 million.
Chicago — NorthPoint Capital Funding Inc. has appointed Rick Rodriguez as director of loan originations.
Wake Forest and Sanford, N.C. — Ross Dress for Less will open two new locations in North Carolina on July 18.
Brussels — Ahold and Delhaize — two European grocery giants with strong holdings in the U.S. market — have agreed to merge the two companies.
Lexington, Mass. — Linear Retail Properties LLC has acquired the Giroux Building, an 18,228-square-foot multi-tenant property with storefront retail located in downtown Lexington, for $10.45 million.
Huntley, Ill. — Heartland Dental has acquired 1.45 acres at Huntley Grove Shopping Center, a 350,000-square-foot center located in the western Chicago suburb of Huntley.
Pembroke Pines, Fla. — Continental Properties Acquisition Corporation (CPAC) has sold Palm Johnson Plaza, a 90,000-square-foot retail center located in Pembroke Pines, for $8.45 million.
Frisco, Texas — Whitestone REIT (NYSE: WSR) will break ground on Phase III of its expansion at The Shops at Starwood, a fully leased shopping center located in Frisco, on…
Greenwood, S.C. — Ziff Properties Inc. has sold Greenwood Commons, a 16,144-square-foot shopping center located in Greenwood, for $2.36 million to R.W.G & C.P.G. Investments L.P.
El Paso, Texas — Holliday Fenoglio Fowler (HFF) has arranged $65.6 million in refinancing for Bassett Place, a 595,399-square-foot regional mall located on 44 acres in El Paso.
Tampa, Fla. — Integra Real Estate Capital has arranged the $5.15 million sale of Citrus Park Plaza, a 13,000-square-foot retail center located in Tampa.
Miami — Aztec Group Inc. has arranged $20 million in refinancing for Crossings Shopping Village, a 109,000-square-foot retail complex anchored by Publix, CVS/pharmacy and You Fit Fitness in Miami.
Omaha, Neb. — Investors Realty Inc. has arranged the $7 million sale of Fort Plaza and Weber Place, two shadow-anchored shopping centers located in Omaha.
Suffolk, Va. — Hampton Roads Crossing, a newly developed Kroger Marketplace-anchored mixed-use shopping center located in Suffolk, has added four new tenants and a freestanding Zaxby’s location.
Santa Ana, Calif. — Avison Young has arranged the sale of the Pacific Building, an historic 16,274-square-foot mixed-use property located in the Artist Village District of Santa Ana for $5.3 million.
Santa Monica, Calif. — Three new restaurants are scheduled to open this summer at Ocean Avenue South, a $350 million mixed-use residential development located on Ocean Avenue in Santa Monica.
Denver — Holliday Fenoglio Fowler L.P. (HFF) has arranged an $89.5 million construction loan for A Block @ Union Station, a 310,055-square-foot mixed-use development in Denver’s Union Station Neighborhood.