Brandywine, Md. — Velocis, in partnership with Katz Properties, has acquired Brandywine Crossing, a 230,925-square-foot retail center in Brandywine, 20 miles southeast of Washington, D.C. The name of the seller and sales price were not disclosed. Safeway anchors the open-air center, which is also home to tenants such as Marshalls, Target and Costco. Katz Properties will manage the center. The transaction marks Velocis’ fifth acquisition in the Washington, D.C., metro area since 2011.
Fort Lauderdale, Fla. — The Shopping Center Group (TSCG) has arranged the partial sale of Crossroads Square in Fort Lauderdale, Florida for $21.2 million.
Temecula, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a 37,000-square-foot single-tenant property leased to LA Fitness in Temecula, California.
Roseville, Calif. — Armstrong Development has announced plans for Campus Oaks Town Center, a shopping center located at the corner of Blue Oaks Boulevard and Roseville Parkway in Roseville, California.
Bloomfield Hills, Mich. — The Sherwin-Williams Co. (NYSE: SHW) has agreed to a sale-leaseback transaction with net lease REIT Agree Realty Corp. (NYSE: ADC) for more than 100 retail properties. Agree will…
Las Vegas — Bellwether Enterprise Real Estate Capital has closed a $36 million permanent loan for Desert Marketplace, a shopping center located in Las Vegas.
Chesterfield County, Va. —Klein Enterprises has acquired two shopping centers located less than 20 miles southwest of Richmond in Chesterfield County.
Williamsport, Pa. — HFF has arranged the sale of Loyal Plaza, a 293,607-square-foot retail center located in Williamsport, Pennsylvania.
San Diego— A partnership between Seligman Group and Pendulum Property Partners has acquired Liberty Station, a 321,208-square-foot mixed-use center located in San Diego.
Columbus, Ohio — Easton Town Center is undergoing a significant expansion that will feature local and national retailers, breweries, restaurants, entertainment venues, hotels and public event space.
Palm Desert, Calif. — Paragon Commercial Group has sold a single-tenant, 45,648-square-foot property occupied by Walmart in Palm Desert, California.
Northville Township, Mich. — Associated Bank has provided a $14 million loan for the acquisition of Northville Park Place in Northville Township, Michigan.
Boca Raton, Fla. — Crocker Partners has unveiled plans to develop Restaurant Row, a 22,500-square-foot property set to feature four 5,000-square-foot restaurants with patios.
Denver — Evergreen Devco has purchased a 6.8-acre site at the northeast corner of 56th Avenue and Central Park Boulevard in the Stapleton neighborhood of Denver.
San Francisco — Newmark Knight Frank (NKF) has arranged a $125 million, fixed-rate loan to refinance 111 Maiden Lane and 201 Post Street in San Francisco.
Los Angeles — Asana Partners has purchased The Balcony at Beverwil, a shopping center located at the corner of Pico Boulevard and Beverwil Drive in Los Angeles.
Stockton, Calif. — A Northern California-based private partnership has sold College Square, a community shopping center located at 4756 Pershing Ave. in Stockton, California.
New York City — IKEA U.S. has announced that it will open its first store in Manhattan.
Atlanta — JLL Atlanta has hired Eric Weatherholtz as senior managing director.
New York City — Cushman & Wakefield has acquired Colicchio Consulting, a strategic management firm with a focus on food hall planning and development, restaurant curation and music and event…
Davenport, Fla. — Prep Property Group Inc. (PREP) has purchased Posner Commons, a 460,565-square-foot shopping center in Davenport, Florida, seven miles south of Disney World’s main entrance.
Raleigh, N.C. — Halpern Enterprises Inc. has completed Leesville Market Place, a 62,880-square-foot retail development in Raleigh, North Carolina.
Southeast, N.Y. — Urstadt Biddle Properties Inc. has acquired Lakeview Plaza Shopping Center in the town of Southeast, New York, for $12 million.
Humble, Texas — Floor & Décor will open a 79,864-square-foot store within Park Air 59, a 111-acre mixed-use development in Humble, Texas, located near Houston’s George Bush Intercontinental Airport.
Atlanta — GID and North American Properties (NAP) have formed a joint venture to develop High Street Atlanta, an 8 million-square-foot mixed-use project in Atlanta’s Dunwoody neighborhood.
Mansfield, Texas — Trez Forman Capital Group has provided a $59.3 million construction loan for Shops at Broad, a 193,825-square-foot retail power center in Mansfield, Texas, a southwestern suburb of…
Oldsmar, Fla. — Dallas-based Rainier Realty Investments LP has acquired Woodlands Square, a 315,000-square-foot power retail center in Oldsmar, Florida.
Los Angeles — SRS Real Estate Partners has hired Mike Rielly as senior vice president and managing principal in the company’s new Los Angeles office, scheduled to open in early…
Marina, Calif. — Shea Properties has sold The Dunes, a 233,892-square-foot retail center in Marina, California, for $45 million to a Southern California-based private investor.
Winnetka, Ill. — The Winnetka Village Council has given final approval to One Winnetka, a five-story retail-residential project in the Chicago suburb of Winnetka.
New York City — Progress Capital has arranged a $23 million loan to refinance a retail property in Harlem.
Chesterfield, Mich. — Grandbridge Real Estate Capital has secured a $43 million first mortgage loan for Waterside Marketplace, a 291,231-square-foot retail center in Chesterfield, located 25 miles north of downtown Detroit.
Nanuet, N.Y. — Metropolitan Realty Associates (MRA) is set to acquire a 218,000-square-foot Macy’s department store located within The Shops at Nanuet in Nanuet, New York.
Atlanta — Atlanta-based RCG Ventures has acquired The Landings, a 112,622-square-foot shopping center located in the Chicago suburb of Bolingbroke, Illinois.
Monroe, N.C. — Big V Property Group has acquired Poplin Place, a 227,669-square-foot shopping center located in the southern Charlotte suburb of Monroe for $28.3 million.
Orlando, Fla. — A joint venture between Collett Capital and Long Wharf Capital has acquired a 186,000-square-foot shopping center in Orlando for $26.2 million.
Edwardsville, Ill. — Contegra Construction is underway on a $6 million retail property in Edwardsville near St. Louis.
Taylorsville, Utah — Faris Lee Investments has arranged the sale of two single-tenant retail buildings located within Taylorsville Shopping Center in the Salt Lake City suburb of Taylorsville.
Naples, Fla. — Equity Sabal Bay MOB has sold Sabal Bay Centre in Naples, Florida, to a local investor for $5.8 million.
Woodbridge, Arlington Heights and O’Fallon, Ill. — Hanley Investment Group Real Estate Advisors has arranged the sale of three single-tenant retail properties in Illinois for a total of $5.2 million.
Adrian, Mich. — The Cooper Commercial Investment Group has arranged the $1.2 million sale of Adrian Plaza, an 8,000-square-foot shopping center in Adrian.
St. Charles, Mo. — Cullinan Properties has announced two new tenants set to open at the Streets of St. Charles, a 27-acre mixed-use development located in Missouri.
Hampton Roads, Va. — Divaris Real Estate Inc. (DRE) has added five retail properties totaling 303,694 square feet in the Hampton Roads area of Virginia to its leasing portfolio.
Conshohocken, Pa. — Wedding dress retailer David’s Bridal has filed for Chapter 11 bankruptcy protection. The Conshohocken-based company says it plans to keep its more than 300 David’s Bridal stores and…
Los Angeles — Nadel Architects has announced that construction is underway on Jordan Downs Plaza, a $24 million mixed-use development in Los Angeles.
Wellington, Fla. — PEBB Enterprises and Pebb Capital have sold the Shoppes at Isla Verde for approximately $74 million to MetLife Investment Management.
El Monte, Calif. — CBRE has arranged the sale of Santa Fe Trail Plaza, a grocery-anchored retail center located in El Monte, 13 miles east of Los Angeles.
Summerville, S.C. — Nexton and RealtyLink Commercial have announced a list of 22 tenants that will occupy Nexton Square, a shopping center in Summerville that is set to open this summer.
Lake Oswego, Ore. — HFF has arranged the sale of Oswego Village, a 102,809-square-foot shopping center located in the Portland suburb of Lake Oswego.
San Leandro, Calif.— Newmark Knight Frank has arranged the sale of Westgate Center, a grocery-anchored mixed-use retail center located in the San Francisco Bay Area community of San Leandro.
Piqua, Ohio — The Cooper Commercial Investment Group has arranged the sale of Market Place, a 182,487-square-foot, Kroger-anchored shopping center located in Piqua.
DRA Advisors, Pine Tree Acquire 171,339-Square-Foot Retail Center in Suburban Chicago for $32.5 Million
Kildeer, Ill. — A joint venture between DRA Advisors and Pine Tree LLC has acquired The Shops at Kildeer, a 171,339-square-foot retail center located in the Chicago suburb of Kildeer, for…
Cutler Enterprises Subsidiary Offers Pop Art Barn Doors as Alternative to Barricades for Vacant Retail Space
Marina del Rey, Calif. — A subsidiary of Marina del Rey-based Cutler Enterprises is set to offer Pop Art Barn Doors, a reusable alternative to traditional barricades used to block off…
Heidenberg Properties Acquires Shopping Center in Culpeper, Virginia from Regency Centers for $32.7 Million
Culpeper, Va. — Heidenberg Properties Group (HPG) has acquired Culpeper Colonnade in Culpeper, located midway between Charlottesville and Washington, D.C.
Chattanooga, Tenn. — CBL Properties is planning to redevelop a Sears building at its Hamilton Place mall in Chattanooga into a mixed-use project.
San Ramon, Calif. — Sunset Development Co. has opened City Center Bishop Ranch, a shopping, dining and entertainment development located in San Ramon’s Bishop Ranch area.
Murrieta, Calif. — Phillips Edison & Co. has purchased Sierra Vista Plaza, a value-add retail center located at 25030-25100 Hancock St. in Murrieta, for an undisclosed price.
New York City — New York City-based Thor Equities and Mexico City-based Thor Urbana are set to open three retail centers in Mexico.
Buford, Ga., and Northport, Ala.— Atlanta-based Watkins Real Estate Group has developed two Publix-anchored neighborhood retail centers in the suburbs of Atlanta and Tuscaloosa, Alabama, totaling more than 126,000 square…
Fort Oglethorpe, Ga.— United Properties has acquired Parkway Plaza, a retail center located in Fort Oglethorpe.
Fontana and Montclair, Calif. — Progressive Real Estate Partners has arranged the sale of two retail properties in California’s Inland Empire.
Cookeville, Tenn. — CBL Properties, along with Browning Development Solutions and CHM LLC, has opened The Shoppes at Eagle Point, a power retail center located in Cookeville.
Myrtle Beach, S.C. — Eyzenberg & Co. has secured a $26 million first mortgage bridge loan to replace a $22.6 million construction loan for THEBlvd, a mixed-use property in Myrtle Beach.
El Segundo, Calif.— Meridian Capital Group has secured a $16 million refinancing for The Hub – El Segundo, a retail property located in El Segundo, on behalf of Decron Properties.
Charlotte, N.C.— A joint venture between private equity firms Durational Capital Management LP and The Jordan Company LP have agreed to acquire chicken-and-biscuits chain Bojangles’ Inc. for $593.7 million in an all-cash…
Mooresville, N.C. — Lowe’s Cos. Inc. (NYSE: LOW) has unveiled its plans to close 20 underperforming stores in the United States as part of its ongoing strategic reassessment. Additionally, the company…
Vero Beach, Fla. — The Simpson Organization has announced plans for a multi-million dollar renovation of Vero Beach Outlets in Florida.
Hoover, Ala. — Boyle Investment Co.’s Midsouth Capital Fund has completed the sale of Whole Foods Market Plaza, a retail property situated on 18.9 acres at 3780 Riverchase Village in Hoover…
Forked River, N.J. — HFF has arranged the sale of Sunrise Plaza, a 255,940-square-foot retail center located in Forked River.
Beaumont, Texas — CBL Properties has announced plans to redevelop the former Macy’s location at Parkdale Mall in Beaumont.
Lake Elsinore, Calif.— Hanley Investment Group Real Estate Advisors has arranged the $44.3 million sale of Lake Elsinore Marketplace, a 144,034-square-foot shopping center located in the Southern California city of…
Cohen Financial Secures $18.2 Million Acquisition Financing for Hopkinsville Town Center in Kentucky
Hopkinsville, Ky. — Cohen Financial, a division of SunTrust Bank, has secured $18.2 million in acquisition financing for Hopkinsville Town Center, a 184,761-square-foot shopping center located in Kentucky.
Los Angeles — Michigan-based Taubman Centers Inc. (NYSE: TCO) has completed its $500 million redevelopment of Beverly Center, an 883,000-square-foot shopping mall in Los Angeles.
Nationwide Realty Unveils Plans for 1.8 Million-Square-Foot Mixed-Use Development in Scottsdale, Arizona
Scottsdale, Ariz. — Nationwide Realty Investors has unveiled plans for Cavasson, a 1.8 million-square-foot mixed-use development in Scottsdale, just east of Phoenix.
Sandy Springs, Ga. — Mimms Enterprises has sold two adjacent shopping centers totaling 334,787 square feet in Sandy Springs, a suburb of Atlanta.
Arlington, Texas — Weitzman has arranged the sale of Matlock Oaks, an 86,777-square-foot retail center in Arlington.
Eureka, Calif. — NAI Northern California has negotiated the $11.4 million sale of the Eureka Safeway, located at 2555 Harris St. in Eureka.
Gahanna, Ohio — PEBB Enterprises has purchased Hunter’s Ridge, a 93,743-square-foot shopping center in Gahanna, an eastern suburb of Columbus.
Irvine, Calif. — CBRE has arranged a $20 million refinancing for Jamboree Promenade, a shopping center located at 2626-2646 Dupont Drive in Irvine.
Vienna, Va.— MetLife Investment Management has provided a $156.2 million refinancing for Modera Avenir Place, a grocery-anchored mixed-use development in Vienna.
San Diego — Manchester Financial Group has launched Manchester Pacific Gateway, a $1.5 billion redevelopment of the Navy Broadway Complex in downtown San Diego.
Teterboro, N.J. — Hanley Investment Group Real Estate Advisors has arranged the $37.5 million sale of a 159,542-square-foot building occupied by Walmart in Teterboro, New Jersey, eight miles outside Manhattan.
Goodyear, Ariz. — A joint venture between DRA Advisors and Pine Tree has purchased Palm Valley Pavilions West, a shopping center located in Goodyear, a suburb 20 miles west of…
New York City — ABS Altman Warwick has arranged the $51 million refinancing of the Pergament Enterprises Mall, a 360,000-square-foot grocery-anchored power center in Staten Island.
New Caney, Texas — STRIVE has arranged the sale of Brookshire Brothers Shopping Center, a 55,944-square-foot retail center located 32 miles northeast of Houston in New Caney.
Partnership Acquires 1.2 Million-Square-Foot Historic Mixed-Use Complex in Manhattan for $880 Million
New York City — A partnership between L&L Holding Co., Normandy Real Estate Partners and an institutional investor advised by J.P. Morgan Asset Management has acquired Terminal Stores, a 1.2 million-square-foot…
Atlanta — State Farm Arena, located at 1 State Farm Drive in downtown Atlanta, has opened its doors following a $192 million renovation program, the second largest renovation in NBA…
North Port, Fla. — A joint venture between West Villages and The Sembler Co. has broken ground on West Villages Marketplace, a neighborhood shopping center located at the corner of…
Glendora, Calif. — HFF has secured $17.1 million in post-acquisition financing for Grand and Alosta, a 70,881-square-foot, newly redeveloped shopping center located in the Southern California community of Glendora.
Huntington Beach, Calif. — Stockbridge, on behalf of its Smart Markets Fund, has purchased Edinger Plaza, a power shopping center located in Huntington Beach.
Bethlehem, Pa. — A joint venture between Onyx Equities and PCCP has acquired Westgate Mall, a 270,000-square-foot enclosed mall located in the Lehigh Valley community of Bethlehem.
Beverly Hills, Calif.— Lang & Lang Properties has completed the sale of a retail building, located at 457-459 N. Rodeo Drive in Beverly Hills.
Deerfield Township, Ohio— Silverman & Co. Inc. has broken ground on Phase I of The District at Deerfield, a $120 million mixed-use project in Deerfield Township near Cincinnati.
Memphis, Tenn. — HFF has secured $85 million in permanent financing for Crosstown Concourse, a 1.2 million-square-foot mixed-use development located in Memphis.
Tucson, Ariz. — DSW Commercial Real Estate, along with Iridius Capital and JCR Capital, has purchased Campbell Plaza, a shopping center located along Campbell Avenue in Tucson.
Plano, Texas — The District, a chef-driven dining area, has opened at The Shops at Willow Bend in Plano.
Chicago — How retailers can best integrate online and brick-and-mortar sales as well as utilize new technology to analyze shopper activity were two of the most prominent discussion points at this…
Miami — Berkadia has arranged a $46.9 million loan for the acquisition of Downtown Dadeland, a seven-acre urban retail development located 7250 N. Kendall Drive in Miami.
Willard Retail Buys Land for 150,000-Square-Foot Town Center Project in Raleigh’s Research Triangle Park
Raleigh, N.C.— Chevy Chase, Maryland-based Willard Retail has signed an agreement with the Research Triangle Foundation to acquire a 12-acre parcel located in Research Triangle Park.
Charlotte, N.C.— The Spectrum Cos., in partnership with Invesco Real Estate, is developing a mixed-use project located on a five-acre tract linking Charlotte’s South End with its Uptown business district.
Lucescu Realty Arranges Sale of 326,608-Square-Foot Clovis Commons Shopping Center in California for $45 Million
Clovis, Calif.— Lucescu Realty has arranged the sale of Clovis Commons Shopping Center in Clovis.
Atlanta— Simon Property Group (NYSE: SPG), the owner and developer best known for Class A malls, has broken ground on the $300 redevelopment of Phipps Plaza, an upscale shopping mall…
Kimball, Tenn. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Kimball Crossing, a 280,476-square-foot retail center located in Kimball, 29 miles outside Chattanooga.
Taylorsville, Utah — HFF has secured a $69 million refinancing for Crossroads of Taylorsville, a 726,306-square-foot retail center located 10 miles outside Salt Lake City in Taylorsville.
Hoffman Estates, Ill.— Sears Holdings Corp. (NASDAQ: SHLD) has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. A $134 million debt…
Medina, Ohio— Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $15.1 million sale of a single-tenant property net leased to Giant Eagle Supermarket in Medina…
Elkins and Summersville, W.Va. — Regency Properties has acquired three shopping centers in West Virginia totaling 319,194 square feet.
Washington, D.C.— Walker & Dunlop has structured $61 million in financing for the recapitalization of The Shops at Dakota Crossing, a trophy retail center in Washington, D.C.
Longview, Wash. — CBRE has arranged the $38.3 million sale of Triangle Center, a 260,627-square-foot community shopping center located in Longview.
McKinney, Missouri City and League City, Texas — CBRE has arranged the sale of a three-property retail portfolio located on the outskirts of Dallas and Houston.
New York City — News headlines such as “Retail Is Dead” have painted a picture of desolation and destruction for the current state of retail real estate in the United States…
San Antonio — Los Angeles-based RPD Catalyst LLC has sold Pavilions North Shopping Center, a 165,993-square-foot retail property located in San Antonio.
Malden, Mass.— Encore Real Estate Investment Services has arranged the $5.3 million sale of a net-leased Walgreens Pharmacy in Malden.
Hudson Pacific, Allianz to Acquire Historic Ferry Building in Downtown San Francisco for $291 Million
San Francisco — Hudson Pacific Properties Inc. (NYSE: HPP) and Allianz Real Estate have formed a joint venture to acquire the Ferry Building in downtown San Francisco.
Enfield, Conn. — Katz Properties has acquired Freshwater-Stateline Plaza, a 300,588-square-foot shopping center located 20 miles north of Hartford in Enfield.
Zephyr Cove, Nev.— Dickson Commercial Group (DCG) has arranged the sale of Round Hill Square Shopping Center, a retail property located in Zephyr Cove near Lake Tahoe.
Colorado Springs, Colo. — Confluent Development is nearing completion on an 8,265-square-foot, multi-tenant retail center located in Colorado Springs.
Boca Raton, Fla. — A trio of developers — Giles Capital Group, Rosemurgy Properties, Schmier Property Group — in partnership with Wheelock Street Capital have broken ground on Uptown Boca, a…
Warminster, Pa. — HFF has arranged the sale of Warminster Plaza, a 128,544-square-foot shopping center located 27 miles outside Philadelphia in Warminster.
Houston — Mattress Firm has filed for Chapter 11 bankruptcy protection as part of the Houston-based retailer’s plan to restructure its balance sheet and ultimately close up to 700 stores across…
Evansville, Ind. — Marcus & Millichap has arranged the $12 million sale of Plaza East in Evansville in southwestern Indiana.
Crestwood, Mo. — Redevelopment plans have been unveiled for the former Crestwood Mall site in Crestwood, located 13 miles outside St. Louis.
Moreno Valley, Calif.— MCA Realty has purchased a portion of Stoneridge Towne Centre, a retail center located in Moreno Valley, for $16.5 million.
Tulsa, Okla. — R/D Investors has acquired Tulsa Hills, a 700,000-square-foot shopping center located in Tulsa.
Lancaster County, S.C. — Chattanooga, Tennessee-based developer Hutton has announced the completion of the Promenade at Carolina Reserve, a 258,000-square-foot shopping center located in Lancaster County.
Arlington, Texas— CBRE has arranged the sale of Bardin Place, a 420,550-square-foot retail center located just south of Interstate 20 in Arlington.
Robbinsville, N.J.— Colliers has arranged the sale of The Shoppes at Foxmoor, a 125,295-square-foot retail center in Robbinsville.
Chattanooga, Tenn. — Marcus & Millichap has arranged the sale of a retail property located at 3901 Hixson Pike Suite 181 in Chattanooga.
Monrovia, Calif. — Warner Pacific Properties has completed leasing Monrovia Landing, a shopping center located at 729 E. Huntington Drive in Monrovia.
New York City — Cushman & Wakefield has arranged the $13.5 million sale of a three-story retail building in Midtown, Manhattan.
Salt Lake City — Hanley Investment Group Real Estate Advisors has arranged the $3.2 million sale of a 2,513-square-foot, single-tenant building leased to Café Rio in Salt Lake City’s Sugar House…
Los Angeles-based LBG Real Estate Companies has always focused on opportunistic investments, but it’s revved up its game recently as it cultivates two customer-oriented shopping attractions out West.
Orlando, Fla. — HFF has secured $4 million in post-acquisition financing for Church Street Station South, a 50,888-square-foot, mixed-use property located in downtown Orlando.
Coral Springs, Fla. — Tiktin Real Estate Investment Services (TREIS) has arranged the $43 million sale of the Heron Bay Office and Retail Portfolio in Coral Springs.
Santa Maria, Calif. — CBRE has arranged the sale of Santa Maria Town Center, a 331,804-square-foot regional mall in Santa Maria.
Maryville, Tenn. — Hutton has opened the redeveloped Maryille Commons, a 69,540-square-foot shopping center in Maryville, located 18 miles south of Knoxville.
Owings Mills, Md. — Kimco Realty Corp. has inked a 66,450-square-foot lease with Giant Food at Mill Station, a $108 million project located at the site of the former Owings…
Florida and Georgia — Colliers International has arranged the $55 million sale of 10 single-tenant retail properties in Florida and Georgia that are net-leased to Walgreens.
Mansfield, Ohio — Out of the Box Ventures LLC has acquired Richland Mall in Mansfield, located midway between Columbus and Cleveland.
NKF Capital Markets Arranges Sale of 488,867-Square-Foot Esplanade Shopping Center in Southern California
Oxnard, Calif. — NKF Capital Markets has arranged the sale of Esplanade Shopping Center, a regional shopping center located in Oxnard.
Davenport, Iowa — Equity Investment Group has acquired Kimberly West, a 113,713-square-foot shopping center anchored by Hv-Vee in Davenport, for an undisclosed price.
Dallas — Centennial has appointed Whitney Livingston chief operating officer (COO) of projects.
Hillside And Oswego, Ill. — Sterling Organization has acquired a two-property retail portfolio in metro Chicago for an undisclosed price.
West Lebanon, N.H. — NKF Capital Markets has arranged the sale of Powerhouse Plaza, an 81,317-square-foot retail property in West Lebanon.
TREO Group Receives $33 Million Construction Loan for Mixed-Use Waterfront Project in Miami’s Coconut Grove
Miami — The TREO Group has received a $33 million loan from FirstBank Florida for the construction of Regatta Harbour, a mixed-use waterfront development located in Miami’s Coconut Grove neighborhood
Harsch Investment Properties Acquires Gresham Station Shopping Center in Metro Portland for $64.5 Million
Gresham, Ore. — Harsch Investment Properties has acquired Gresham Station Shopping Center in Gresham for $64.5 million.
Rancho Cucamonga, Calif. — SRS Real Estate Partners has arranged the $15.6 million sale of Spruce Plaza, a 15,555-square-foot retail center located in the Inland Empire community of Rancho Cucamonga.
Raleigh, N.C. — Berkeley Capital Advisors has arranged the $15.5 million sale of Greystone Village, an 85,649-square-foot shopping center in Raleigh.
Morton Grove, Ill. — Kensington Development Partners and IM Properties have acquired Prairie View Plaza Shopping Center, a 310,000-square-foot retail center in Morton Grove.
Select Strategies Purchases Seven-Property Shopping Center Portfolio in Metro St. Louis for $78.4 Million
St. Louis — Select Strategies Retail Holdings V LLC, an affiliate of privately held real estate investment firm Select Strategies Realty, has purchased a seven-property shopping center portfolio in metro…
Los Angeles — Quantum Capital Partners has secured a $16 million loan for the recapitalization of a retail center in downtown Los Angeles’ Arts District.
Brockton, Mass. — New England Development has signed Planet Fitness and Burlington to Westgate Mall in Brockton, a city 25 miles south of Boston.
San Bernardino, Calif. — Cushman & Wakefield has arranged the $20 million sale of Seley Plaza, a 159,324-square-foot shopping center in San Bernardino.
Ooltewah, Tenn. — HFF has arranged the $18.5 million sale of Snow Hill Village, an 86,108-square-foot shopping center in Ooltewah, located 18 miles east of Chattanooga.
Jupiter, Fla. — SRS Real Estate Partners has arranged the $8.1 million sale of a vacant, freestanding retail building in Jupiter.
Cushman & Wakefield Arranges $55 Million Sale of Freestanding Whole Foods Property in Silicon Valley
Los Altos, Calif. — Cushman & Wakefield has arranged the $55 million sale of a 50,451-square-foot retail property leased to Whole Foods Market in Los Altos.
Pompano Beach, Fla. — Aztec Group Inc. has arranged a $10 million loan for the refinancing of Beachway Shopping Center, a 53,613-square-foot retail center in Pompano Beach.
Los Angeles — CBRE has appointed Brandon Famous chairman of the newly formed Global Retail Occupier Executive Committee.
Richmond, Va. — Cushman & Wakefield | Thalhimer has arranged the $6.2 million sale of two-property retail portfolio in Richmond.
Lawrence, Kan. — Block & Co. Inc. Realtors has arranged the sale of an 83,217-square-foot retail center in Lawrence for an undisclosed price.
New Orleans — UNTUCKit has opened its first Louisiana store in New Orleans. Carly Plotkin of Stirling Properties secured the 2,089-square-foot lease on behalf of UNTUCKit.
Kissimmee, Fla. — Plaza Advisors has arranged the sale of Vine Street Square, a 114,071-square-foot shopping center in Kissimmee, located 30 miles south of Orlando.
Michigan and Indiana — NAI Wisinski has arranged the sale of four shopping centers anchored by Kroger in Michigan and Indiana for $28.5 million.
Los Angeles — Ross Dress for Less will open three stores in downtown Glendale, South Los Angeles and Santa Fe Springs on Oct. 13.
Chicago — EQ Office, the office portfolio company owned by Blackstone’s real estate funds, has unveiled plans for Catalog, a five-story dining, retail and entertainment destination located at the base…
Huntington Park, Calif. — Sterling Organization has acquired Margarita Plaza, a grocery-anchored shopping center located four miles outside Los Angeles in Huntington Park, for $23.8 million.
Carson, Calif. — Macerich (NYSE: MAC) and Simon Property Group (NYSE: SPG) have formed a 50/50 joint venture to develop Los Angeles Premium Outlets, a new outlet mall in Carson…
Charlotte, N.C. — HFF has arranged financing for the acquisition and renovation of Seneca Place, a 41,310-square-foot retail strip center and outparcel pad in Charlotte.
Destin, Fla. — CenterCore Properties LLC has acquired The Market Shops, a 52,838-square-foot retail center in Destin.
Westlake, Ohio — British gas station and convenience store operator EG Group has agreed to acquire a portfolio of real estate assets, including 225 Minit Mart-branded stores, for $305 million.
Brentwood, Tenn. — HFF has arranged the $14.4 million sale of Mallory Corners, a 70,000-square-foot shopping center in Brentwood, located 10 miles south of Nashville.
Pasadena, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $23 million sale of a 39,290-square-foot retail building in Pasadena.
San Francisco — The San Francisco Giants has selected Tishman Speyer as its joint venture partner to develop Mission Rock, a waterfront mixed-use neighborhood near AT&T Park in San Francisco.
Papillion, Neb. — PREP Property Group Inc. has acquired Shadow Lake Towne Center, a 654,666-square-foot shopping center in Papillion, located 13 miles south of Omaha.
Houma, La. — HFF has secured the $27.2 million sale of Houma Shopping Center, a 204,879-square-foot shopping center in the southern Louisiana community of Houma, located 57 miles southwest of New…
Fredericksburg, Va. — Calkain Cos. LLC has arranged the $15.6 million sale of a property net leased to Publix in Fredericksburg, a town in northern Virginia.
Orlando, Fla. — Tavistock Development Co. has unveiled plans for Boxi Park at Lake Nona, an outdoor entertainment venue located within Lake Nona Town Center, a 100-acre mixed-use development that anchors…
Tyler, Texas — HFF has arranged a $105 million loan for the refinancing of The Village at Cumberland Park, a 649,636-square-foot shopping center in Tyler.
Macon, Ga. — A joint venture between The Sembler Co. and Berkley Development has broken ground on North Macon Plaza, a 166,465-square-foot retail project located in Macon, a city 83 miles…
Colorado Springs, Colo. — Kimco Realty Corp. has sold The Market at Spring Creek, a 107,310-square-foot retail center in Colorado Springs.
Northridge, Calif. — Cushman & Wakefield has arranged the sale of Northridge Promenade, an 89,473-square-foot shopping center in Northridge.
Sandy, Utah — Hanley Investment Group Real Estate Advisors has arranged the sale of Canyon Center, a 47,866-square-foot, Smith’s Grocery-anchored shopping center in Sandy, located 18 miles south of Salt Lake…
Retail investors have pumped the brakes in 2018 but are poised to accelerate into the end of the year. Interview by Randall Shearin
By Greg Miller, Chief Executive Officer and President of Henry S. Miller Cos. The retail market, both online and in physical stores, is evolving dramatically due in large part to Amazon’s…
Vision Growth Partners to Acquire 65 Salons in Michigan, Becoming Largest Supercuts Franchisee in Midwest
Bloomfield Hills, Mich. — Vision Growth Partners has entered into an agreement to acquire 65 salons in Michigan from Regis Corp. (NYSE: RGS).
Woodland, Calif. — Affiliates of El Tigre Holdings have acquired Woodland Crossroads, a shopping center located within the Sacramento Valley city of Woodland.
Richmond, Va. — Surge Trampoline and Panera Bread are set to open at Regency Mall in Richmond as part of the property’s ongoing redevelopment.
Westlake Village, Calif. — Sterling Organization has purchased North Ranch Gateway, a shopping center in Westlake Village.
Albuquerque, N.M. — Sapir Real Estate Development has broken ground on the first phase of Snow Heights Promenade, a retail and entertainment project in Albuquerque.
Woodridge, Ill. — North American Real Estate (NARE) has acquired Woodgrove Festival in Woodridge, located 29 miles west of Chicago, for $20 million.
Overland Park, Kan. — PEBB Enterprises has purchased Pinnacle Village, a 126,909-square-foot shopping center in Overland Park, for an undisclosed price.
Tampa, Fla. — Cushman & Wakefield has arranged the $27 million sale of Tampa Bay Center, a 142,350-square-foot shopping center in Tampa.
Philadelphia — CBRE has arranged the $10 million sale of Liberty Plaza, a 372,130-square-foot shopping center in Philadelphia.
Atlanta — Braves Development Co. (BDC) has signed four new tenants to The Battery Atlanta in Cobb County.
Los Angeles and New York — CBRE Global Investors (NYSE: CBRE) has formed a joint venture with Brookfield Property Partners (NASDAQ: BPY) to purchase three super-regional malls totaling 3.7 million…
Chapel Hill, N.C. — Avison Young has arranged the $10.5 million sale of Glenwood Square, a 51,900-square-foot retail center in Chapel Hill.
Lawrenceville, Ga. — SRS Real Estate Partners has arranged the $5.3 million sale of a freestanding building leased to Crunch Fitness in Lawrenceville, located 34 miles northeast of Atlanta.
Statesboro, Ga. — CBL Properties has sold Statesboro Crossing, a 155,185-square-foot retail center in the southeastern Georgia city of Statesboro, for $21.5 million.
Delaware County, Ohio — Blue Horseshoe Ventures has signed UltraStar Multi-tainment Center to its $2 billion Planet Oasis project in Delaware County.
New York City — JLL has arranged a $221.8 million bridge loan through JP Morgan to finance a retail portfolio in the Williamsburg neighborhood of Brooklyn.
Tampa, Fla. — Matthews Real Estate Investment Services has arranged the $18 million sale of a retail property leased to Sprouts Farmers Market in Tampa.