The Latest Shopping Center Business News

Keith Corporation Unveils Redevelopment Plans for Florida Shopping Center

DELRAY BEACH, FLA. — The Keith Corporation has finalized plans for the redevelopment of Delray Square Shopping Center, a 150,000-square-foot retail center in Delray Beach, Fla. The center will be anchored by a new 45,600-square-foot Publix Super Market, which will replace their existing store in the center, and approximately 17,000 square feet of retail space will be available for lease. Mike Fetherston with The Shopping Center Group will handle leasing of the property. Chick-fil-A, Chipotle, Mattress One, Great Clips, Pet Supermarket and Lee’s Nails are among the development’s newest tenants.   

Westwood Financial Acquires Trader Joe’s-Anchored Shopping Center in Charlotte for $25.1M

CHARLOTTE, N.C. — Westwood Financial LLC has acquired The Arbors at Mallard Creek, a 55,323 square-foot, Trader Joe’s-anchored shopping center in Charlotte’s University City neighborhood. CBRE’s Mike Burkard and Casey Rosen represented the buyer, Los Angeles-based Westwood Financial, and the undisclosed seller in the $25.1 million transaction. Located at 2121 E. Arbors Drive, the property sits approximately four miles from the University of North Carolina, Charlotte and is home to tenants including Petco, Massage Envy, Hickory Tavern and Zoë’s Kitchen. The center was 98 percent leased at the time of sale.

Hanley Investment Group Arranges $8.9M Sale of Retail Building in Southern California

LA QUINTA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail building occupied by TJ Maxx and ULTA Beauty in La Quinta. The 33,708-square–foot building is within Washington Park Shopping Center, which houses Target, Lowe’s, Trader Joe’s, ALDI, Stein Mart and Century Theatres. Hanley Investment Group’s Bill Asher represented the undisclosed seller in the $8.8 million transaction. Steven Gelber of Gelber Realty Corp. represented the buyer, a private investor from Los Angeles.

Subscribe to this RSS feed

More News