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.
San Antonio — Weingarten Realty, a Houston-based REIT, has begun work on the 25-acre retail portion of Stevens Ranch, a 2,400-acre master-planned community in San Antonio.
Morrisville, N.C. — Cushman & Wakefield has arranged the $11.3 million sale of Alexander Village, a 77,994-square-foot shopping center in Morrisville, 13 miles west of Raleigh.
New Orleans — Golf entertainment concept Drive Shack has unveiled plans to open a 62,000-square-foot venue at the site of the former Times-Picayune building in New Orleans.
Asana Acquires Krog Street Market, Atlanta Stove Works in Atlanta’s Inman Park Neighborhood from Paces Properties
Atlanta — Charlotte-based Asana Partners has acquired Krog Street Market and Atlanta Stove Works, two mixed-use destinations in Atlanta’s Inman Park neighborhood that once housed Tyler Perry Studios.
Denton, Texas — CBRE has negotiated the sale of Shops at Colorado, a 74,310-square-foot retail center in the North Texas city of Denton.
Selig Enterprises Unveils Retail Lineup of $229 Million City Springs Mixed-Use Project in Metro Atlanta
Sandy Springs, Ga. — Atlanta-based developer Selig Enterprises has unveiled the retail tenant lineup at City Springs, a $229 million mixed-use development in Sandy Springs, located 14 miles north of downtown…
Washington, D.C. — Forest City Washington has unveiled plans for the second phase of The Yards, a master-planned mixed-use development in Washington, D.C.
Kemah, Texas — GBT Realty has completed construction on The Shoppes at Kemah, a $16 million, 79,000-square-foot shopping center located in Kemah, 35 miles southeast of Houston.
Los Angeles — Cushman & Wakefield as arranged the $22.9 million sale of a retail property located on Melrose Avenue in West Hollywood.
Oshkosh, Wis. — Alliant Credit Union has provided a $10.3 million loan for the refinancing of the Shops at Market Fair in Oshkosh.
Gainesville, Fla. — Whole Foods Market will open a 40,000-square-foot location at Butler Town Center, a 450,000-square-foot, planned mixed-use development in Gainesville.
New York City — Nine West Holdings Inc. has filed for bankruptcy after accumulating $1.6 billion in debt.
Glendale, Ariz. — Lee & Associates has arranged the $21.9 million sale of Talavi Towne Center, a 118,377-square-foot shopping center in Glendale.
Dallas — MSD Capital LP, a private investment firm that manages the capital of computer magnate Michael Dell and his family, has acquired shares of the Knox District, a mixed-use…
Portland, Ore. — RH (Restoration Hardware) has opened a 46,000-square-foot location in Portland’s historic Alphabet District.
Vancouver, Wash. — Cohen Financial, a division of SunTrust Bank, has arranged two loans totaling $11.9 million for the refinancing of two retail centers located in Vancouver.
St. Louis — Select Strategies Realty has acquired a five-property retail portfolio in metro St. Louis for an undisclosed price.
Charlotte, N.C. — Franklin Street has brokered the $5.8 million sale of City View Shopping Center, a 77,550-square-foot retail property in Charlotte.
Jacksonville, Fla. — Colliers International has arranged the $12.7 million sale of San Jose Plaza, a 95,433-square-foot shopping center in Jacksonville.
Dubuque, Iowa — The DESCO Group has acquired Warren Plaza, a 96,310-square-foot shopping center in Dubuque, for an undisclosed price.
Florence, S.C. — An 8,500-square-foot Five Below and a 20,000-square-foot HomeGoods will join the tenant mix at PREIT’s Magnolia Mall in Florence.
Irving, Texas — HFF has negotiated the sale of Shops at MacArthur Hills, a 75,387-square-foot retail center located within the 12,000-acre Las Colinas district in Irving.
Philadelphia — Kimco Realty’s Lincoln Square mixed-use project currently under development will be the site of Philadelphia’s first Sprouts Farmers Market.
Torrance and Santa Maria, Calif. — CBRE has arranged two leases for Dick’s Sporting Goods in Torrance and Santa Maria. The retailer will occupy 83,210 square feet at Del Amo Fashion Center…
Milwaukee — CBL Properties has unveiled plans for the redevelopment of the former Sears building at Brookfield Square in Milwaukee.
Park City, Utah — Park City-based PREP Property Group Inc. has appointed Numa Jerome as vice president of leasing.
Boynton Beach, Fla. — Charlotte-based FCA Partners has sold Shoppes of Boynton, a 151,000-square-foot shopping center in the South Florida city of Boynton Beach, for $27.8 million.
La Verne, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of La Verne Courtyard, an 84,368-square-foot shopping center in La Verne, located 30 miles east of Los…
Henrietta, N.Y. — KeyBank Real Estate Capital has provided a $17.2 million CMBS loan for the refinancing of Henrietta Plaza, a 250,000-square-foot shopping center in Henrietta.
Tallahassee, Fla. — GBT Realty Corp. has acquired Governor’s Marketplace, a 243,000-square-foot shopping center in Tallahassee, for $25.5 million.
Aurora, Colo. — M&J Wilkow Ltd., along with MetLife Investment Management, has acquired The Southlands, a retail center located in southeast Aurora. Developed in 2005, the 1.7 million-square-foot complex features retail…
Continental Partners Arranges $11.3 Million Acquisition Loan for 102,782-Square-Foot Retail Asset in Nevada
Reno, Nev. — Continental Partners has arranged an $11.3 million loan for the acquisition of Mira Loma Shopping Center in Reno.
Winter Haven, Fla. — The Shopping Center Group (TSCG) has arranged the $6 million sale of Chain O’Lakes Plaza, a 91,160-square-foot shopping center located in Winter Haven, a city in Central…
HFF Arranges $5.4 Million Sale, $3.8 Million Acquisition Financing for Retail Center in Central Florida
Lake Mary, Fla. — HFF has arranged the $5.4 million sale of the Shoppes of Lake Mary, a 38,495-square-foot shopping center in Lake Mary, located 20 miles north of Orlando.
Beverly Hills, Calif. — A subsidiary of Paris-based LVMH has purchased a 6,200-square-foot retail building at 456 N. Rodeo Drive in Beverly Hills for $110 million. Just one day earlier…
Perris, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sales of six retail pads at Perris Marketplace in separate transactions.
Waterbury, Conn. — HFF has arranged the sale of Naugatuck Valley Shopping Center, a 382,864-square-foot shopping center in Waterbury.
Brookfield, Wis. — Newport Capital Partners has acquired The Plaza in Brookfield, a suburb of Milwaukee, for $17.9 million.
Sacramento — MidCap Financial has provided $17.9 million in refinancing for the repositioning and lease-up of Stockton Plaza, a grocery-anchored shopping center in Sacramento.
Little Falls, Minn. — Timber Development has sold a 12,000-square-foot strip center in Little Falls for $1.2 million.
Aztec Arranges $80.5 Million Construction Loan for Walmart, Home Depot-Anchored Project in Northeast Florida
St. Johns, Fla. — Aztec Group Inc. has arranged an $80.5 million construction loan for The Pavilion at Durbin Park, an 80-acre retail project in St. Johns, located 25 miles south…
New York And Chicago — Brookfield Property Partners (NASDAQ: BPY) has agreed to acquire all remaining shares of GGP Inc. (NYSE: GGP), a Chicago-based mall owner.
Tampa, Fla. — Tiktin Real Estate Investment Services (TREIS) has arranged the $5.2 million sale of Madison Square, a 38,720-square-foot shopping center in Tampa.
Oak Creek, Wis. — SRS Real Estate Partners has negotiated the $5.2 million sale of The Shoppes at Drexel in Oak Creek, located 12 miles south of Milwaukee.
RED Development Breaks Ground on New Retail Buildings at 600,000-Square-Foot Mixed-Use Center in Texas
Denton, Texas — RED Development has broken ground on three new multi-tenant retail buildings at Rayzor Ranch Town Center, a 600,000-square-foot mixed-use development under construction in Denton.
Glenmont, N.Y. — Marcus & Millichap has arranged the $12.3 million sale of Bethlehem Town Center II, a 73,613-square-foot shopping center in Glenmont.
Rome, Ga. — Colliers International has brokered the $8.6 million sale of West Town Square, an 84,828-square-foot shopping center in Rome, a city in north Georgia.
Alameda, Calif. — A joint venture led by Trammell Crow Residential (TCR) plans to develop Alameda Point, a $500 million mixed-use project located in the Bay Area city of Alameda.
Dartmouth, Mass. — PREIT has signed three new tenants at Dartmouth Mall in Dartmouth, a city in southeast Massachusetts.
Sioux City, Iowa — The R.H. Johnson Co. has purchased Lakeport Commons in Sioux City for an undisclosed price.
Marietta, Ga. — Marcus & Millichap has brokered the $3.5 million sale of an 11,370-square-foot property leased to CVS/pharmacy in Marietta.
New York City — Jamestown LP has sold Chelsea Market in Manhattan to Google Inc. (NASDAQ: GOOG) for $2.4 billion.
Oceanside, Calif. — Matthews Real Estate Investment Services has arranged the sale of Del Oro Marketplace, a shopping center located in Oceanside.
Fort Wayne, Ind. — HFF has arranged the sale of Jefferson Pointe in Fort Wayne for an undisclosed price.
Leesburg, Fla. — Phillips Edison & Co. has acquired Shoppes of Lake Village, a 135,437-square-foot shopping center in the Central Florida community of Leesburg.
Belton, Mo. — Marshalls, Party City, Petco and Five Below have opened as part of Belton Gateway’s second phase of construction.
Lakeland, Fla. — Lakeland-based Publix Super Markets has purchased a portfolio of nine Publix-anchored shopping centers from Madison International Realty and DDRM Properties, an affiliate of DDR Corp.
Ridgeland, Miss. — Southern California-based Pacific Retail Capital Partners (PRCP) has broken ground on the redevelopment of Northpark, a 958,000-square-foot enclosed mall in Ridgeland, about 11 miles north of Jackson.
Miami Beach, Fla. — Miller Construction Co. is underway on Lincoln Eatery, a 9,600-square-foot food hall located on the ground floor of a Marshalls-anchored building in Miami Beach.
Wayne, N.J. — Toys ‘R’ Us is taking the next step in what the Wayne-based retailer is calling an “orderly wind down” of it’s U.S. business.
Avondale, Ariz. — Brixton Capital has purchased Palmilla Center, a grocery-anchored shopping center located in Avondale, a suburb of Phoenix.
San Bernardino, Calif. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in San Bernardino.
Irving, Texas — Eleven new food-and-drink-based concepts will open this month at Toyota Music Factory, an entertainment destination located within the Las Colinas district in Irving.
NRF Survey: St. Patrick’s Day Spending to Hit Record $5.9 Billion, Food and Beverage Most Popular Items
Washington, D.C. — More than 149 million U.S. adults are expected to celebrate St. Patrick’s Day on Saturday, spending a record $5.9 billion on items related to the holiday, according to…
Williamsburg, Va. — Broad Street Realty has broken ground on Midtown Row, a mixed-use redevelopment in Williamsburg.
Terre Haute, Ind. — SWG | Capital has acquired Wabash Valley Plaza, a 194,081-square-foot shopping center in Terre Haute.
Haverstraw, N.Y. — NorthMarq Capital has arranged $18.5 million in refinancing for The Rosman Center, a grocery-anchored retail center located in Haverstraw.
Las Vegas — Cushman & Wakefield has arranged the $15.8 million sale of Paradise Marketplace, a 77,997-square-foot shopping center in Las Vegas.
Carlsbad, Calif. — RAF Pacifica Group has acquired an 18,127-square-foot retail and office property in Carlsbad for $3.2 million.
Dallas — Dallas-based SHOP Cos. Investment Sales has arranged the sales of three shopping centers totaling 68,771 square feet in the Dallas/Fort Worth metro.
Venture Commercial Secures Five Leases Totaling 90,000 Square Feet for Northern Tool in Texas, Southeast
Dallas — Dallas-based Venture Commercial Real Estate has secured five leases totaling 90,000 square feet for Northern Tool + Equipment.
Aurora, Ohio — PEBB Enterprises has sold Marketplace at Four Corners in Aurora, southeast of Cleveland, for $15.8 million.
Atlanta — Dine-in theater concept iPic Theaters will open its first Georgia location at Midtown Atlanta’s Colony Square, a mixed-use destination under redevelopment by North American Properties.
Hudson Pacific, Macerich to Redevelop Westside Pavilion Mall in Los Angeles to Office Space for $450 Million
Los Angeles — Hudson Pacific Properties (NYSE: HPP) and Macerich (NYSE: MAC) have formed a joint venture to redevelop Westside Pavilion, a 600,000-square-foot shopping mall located in west Los Angeles, into creative…
Asheville, N.C. — Zapolski Real Estate has acquired Asheville Market, a 129,851-square-foot shopping center in Asheville, for $33 million.
Lenexa, Kan. — Newmark Grubb Zimmer (NGZ) has arranged the sale of a 105,000-square-foot retail property occupied by Kohl’s in Lenexa.
Indio, Calif. — Haagen Co. has acquired the Indio Fashion Mall, a 215,000-square-foot shopping mall in Indio, for an undisclosed price.
Huntsville, Ala. — RCP Cos. has signed Dave & Buster’s to its MidCity project, a $350 million mixed-use development under construction in Huntsville.
Montclair, Calif. — CIM Group has signed a lease with AMC Dine-in Theatre at Montclair Place, a 1.2 million-square-foot regional mall in the Inland Empire community of Montclair.
Maple Grove, Minn. — TOLD Development Co. has sold The Shops at Wedgwood in Maple Grove for an undisclosed price.
Middletown, N.Y. — Concord Capital New York has purchased Playtogs Shopping Plaza, a shopping center in Middletown.
Montgomery, Ala. — SRS Real Estate Partners has arranged the $10.5 million sale of Twin Oaks, a 97,189-square-foot shopping center in Montgomery.
HFF Arranges Joint Venture Equity, Construction Financing for 470,000-Square-Foot Retail Center in Orlando
Orlando, Fla. — HFF has arranged joint venture equity and construction financing for the development of Vineland Pointe, a 470,000-square-foot shopping center under construction in Orlando.
Greenville, S.C. — The Shopping Center Group (TSCG) has signed Topgolf to Garlington North, a 77-acre mixed-use project under development in Greenville.
Honolulu — Honolulu-based Alexander & Baldwin (NYSE: ALEX) has acquired three shopping centers located in Hawaii.
Wood Village and McMinnville, Ore. — Capital Pacific has arranged the sales of two shopping centers in the Portland area: Wood Village Town Center in Wood Village, located 15 miles east…
Los Angeles — CBRE has arranged the $17.5 million sale of Triangle Center, a 16,128-square-foot strip retail center located in Culver City and Los Angeles.
San Diego — Colliers International has arranged the $19.9 million sale of a 17,462-square-foot retail property located in San Diego’s Gaslamp Quarter.
San Francisco — Jeff Kirwan, president and CEO of Gap brand, will leave Gap Inc.
Overland Park, Kan. — Price Brothers has unveiled plans for the next phase of Bluhawk, a $750 million, 277-acre mixed-use project in Overland Park.
Midvale, Utah — NKF Capital Markets has arranged the $142 million sale of a 688,549-square-foot portion of The Shops at Fort Union, a shopping center in Midvale, 12 miles south of…
Sugar Land, Texas — Vista Equities Group has broken ground on Phase II of University Commons in Sugar Land, an expansion project that will deliver 108,000 square feet of new…
Boise, Idaho — Boise-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp. (NYSE: RAD), one of the nation’s largest drugstore chains, for an undisclosed sum.
Las Vegas — Vestar has acquired Best in the West, a 465,000-square-foot shopping center in Las Vegas.
Hermitage, Tenn. — HFF has arranged the sale of Oakwood Commons, a 276,448-square-foot shopping center in Hermitage, 16 miles northeast of Nashville.
Port Charlotte, Fla. — GBT Realty Corp. has unveiled the tenant lineup and renovation plans for Port Charlotte Marketplace, a shopping center redevelopment project in Port Charlotte, 40 miles south of…
Vancouver, BC — Vancouver-based Indochino will launch four new showroom locations in Texas and North Carolina this spring.
Raleigh, N.C. — Williams Realty & Building Co., in conjunction with Kane Realty Corp. and capital partner Lionstone Investments, has received construction financing for the development of a high-rise mixed-use project…
Lexington, Ky. — Mid-America Real Estate Corp. has brokered the $59.8 million sale of two Kroger-anchored shopping centers in Lexington: Tates Creek Centre and Millpond Center.
Cranberry Township, Pa. — M&J Wilkow, along with ALTO Real Estate Funds, has acquired Cranberry Square, a retail center located in Cranberry Township, 20 miles north of Pittsburgh.
Daytona Beach Fla., and Chattanooga, Tenn. — CBL Properties has signed leases with five new restaurants at shopping malls in Daytona Beach and Chattanooga.
Denver — Chipotle Mexican Grill’s board of directors has appointed Brian Niccol as CEO and a member of the board, effective March 5, 2018. Niccol most recently served as CEO…
Pocatello, Idaho — Millennial Development Partners has announced plans for Northgate District, a master planned community located in Pocatello, a city in southeastern Idaho.
Torrance, Calif. — Faris Lee Investments has arranged the $21 million sale of Southwood Village, a 66,958-square-foot shopping center in Torrance, a city in southern California.
Atlanta — Three new tenants will join Shops Around Lenox, an open-air shopping center in Atlanta’s Buckhead district, in the coming months.
Santa Monica Calif. — E-commerce has claimed many victims in its siege of brick-and-mortar shopping, but perhaps none more so than big box retailers.
Chattanooga, Tenn. — Chattanooga-based CBL Properties has promoted Mike Harrison to executive vice president of operations and Alan Lebovitz to executive vice president of management.
Oak Brook, Ill. — Oak Brook-based Retail Properties of America Inc. (RPAI) has promoted Julie Swinehart as the company’s executive vice president, chief financial officer and treasurer.
Henderson, Nev. — NKF Capital Markets has arranged the sale of Galleria Commons, a 278,411-square-foot shopping center in Henderson.
Meridian, Idaho — Pine Tree LLC, in partnership with a U.S. state pension fund, has acquired Meridian Crossroads, a 527,000-square-foot shopping center in Meridian, for $78.7 million.
New York City — Cushman & Wakefield has arranged the sale of a corner development site located in the Flushing neighborhood of Queens.
Wake Forest, N.C. — Moseley Real Estate Advisors is underway on 981 Crossing, a 20,494-square-foot retail development in Wake Forest, 18 miles northeast of Raleigh.
Schaumburg, Ill. — Associated Bank has provided a $14.5 million refinancing and construction loan for a multi-tenant retail project in Schaumburg.
Downers Grove, Ill. — Bianco Properties has acquired Main Street Square Shopping Center, a 56,120-square-foot shopping center in Downers Grove, located 23 miles west of Chicago.
Imperial Beach, California — Retail Insite has arranged the $7.2 million sale of a Grocery Outlet store in Imperial Beach, a city in Southern California.
Orlando, Fla. — Unicorp National Developments Inc. has unveiled plans for O-Town West, a $1 billion mixed-use development in Orlando.
Calgary, Alberta And San Diego — Brookfield Residential Properties Inc., the residential development arm of private equity firm Brookfield Asset Management, has closed on its acquisition of OliverMcMillan, a San…
Aurora, Ohio — Institutional Property Advisors (IPA) has brokered the sale of Marketplace at Four Corners in Aurora for $55.7 million.
Mount Juliet, Tenn. — HFF has arranged the $28.2 million sale of Providence Commons, a 110,137-square-foot shopping center located Mount Juliet, an eastern suburb of Nashville.
Arlington, Texas — CBRE has brokered the sale of Seville Commons, a 113,742-square-foot, Class A retail center in Arlington.
The Woodlands, Texas — The Howard Hughes Corp. has broken ground on Lake Woodlands Crossing, a 62,565-square-foot shopping center in The Woodlands.
Cincinnati — U.K.-based EG Group has agreed to acquire Kroger’s (NYSE: KR) convenience store business for $2.1 billion.
Atlanta — Arby’s Restaurant Group Inc. has completed its $2.9 billion acquisition of Buffalo Wild Wings Inc.
Chattanooga, Tenn. — Chattanooga-based Hutton has sold a 59-property, single tenant retail portfolio for $185.8 million.
Emeryville, Calif. — HFF has arranged an $83.5 million loan for Emeryville Public market, a 141,420-square-foot shopping center in the San Francisco Bay Area community of Emeryville.
Atlanta — The Atlanta office of Avison Young has arranged the $35 million sale of a four-property retail portfolio in metro Atlanta.
Orlando, Fla. — Encore Capital Management has unveiled the first retailers to join the 200,000-square-foot SunsetWalk at Margaritaville Resort Orlando.
Atlanta — Atlanta-based RCG Ventures has sold five retail centers across the Southeast and acquired an asset in Idaho.
Las Vegas — Matt Bear, a 28-year commercial real estate veteran, has launched Bear Real Estate Advisors LLC, a boutique real estate services firm.
Shelton, Conn. — Cronheim Mortgage has arranged $22.5 million in permanent financing for The Center at Split Rock, a neighborhood retail property located in Shelton.
Bonita Springs, Fla. — Hanley Investment Group has arranged the $6.4 million sale of a 3,272-square-foot building triple-net-leased to BB&T Bank in Bonita Springs.
Milwaukee — The Bon-Ton Stores Inc. has identified 42 locations that will be shuttering as part of its previously announced company restructuring.
Kapolei, Hawaii — DeBartolo Development, in partnership with OPTrust and the Department of Hawaiian Home Lands (DHHL), will break ground this month on the next phase of Ka Makana Ali’i, a…
Nashville, Tenn. — Hensler Development Group, in conjunction with Stiles, has unveiled plans to develop Peabody Union, a 625,000-square-foot mixed-use project in Nashville.
Corpus Christi, Texas — Rainier Realty Investments LP, an affiliate of Dallas-based The Rainier Cos., has acquired Moore Plaza, a 380,600-square-foot power center in Corpus Christi.
Gainesville, Fla. — The Sembler Co., in partnership with Forge Capital Partners, has acquired Gainesville Shopping Center, a 185,000-square-foot retail center in Gainesville.
Shenandoah, Texas — Dave & Buster’s will open a 40,000-square-foot location within Metropark Square, a 175,00-square-foot retail and entertainment destination under development in Shenandoah, located 30 miles north of Houston.
Evansville, Ind. — Evansville-based Regency Properties has acquired three shopping centers in northern Indiana— Columbia Square, Monticello Marketplace and Wabash East.
Scottsdale, Ariz. — Triumph Real Estate Investment Fund has reached an agreement to acquire Bell Park Plaza, a 33,480-square-foot retail center in Scottsdale, for $7.2 million.
NEWPORT, KY. — Albanese Cormier Holdings has acquired two adjacent shopping centers in Newport — Newport Plaza and Newport Shopping Center — for an undisclosed price.
Chicago — Westwood Financial has acquired Kingsbury Center in Chicago’s North and Clybourn retail corridor for an undisclosed price.
Irving, Texas — 7-Eleven Inc. has closed on the acquisition of approximately 1,030 Sunoco (NYSE: SUN) convenience stores across 17 states.
Cincinnati — Rainier Realty Investments LP, along with a fund managed by Continuum Investments Limited and local operator Stark Enterprises, have acquired 32 East in Cincinnati for $29.1 million.
Albany and Folsom, Calif. — ValueRock Realty Partners has acquired two shopping centers in Northern California for a combined $28.6 million.
San Francisco — NKF Capital Markets has arranged the sale of Diamond Heights Shopping Center, a 75,630-square-foot retail center in San Francisco.
Calabasas, Calif. — Marcus & Millichap has hired Scott Holmes as senior vice president and national director of its retail division.
Whittier, Calif. — CBRE has arranged the $40 million sale of Friendly Hills Marketplace, an 89,826-square-foot shopping center in Whittier, located 20 miles southeast of Los Angeles.
Metuchen, N.J. and Hewlett, N.Y. — Regency Centers Corp. has acquired two retail centers located in New Jersey and New York.
Kingstown, R.I. — Unison Realty Partners, in a joint venture with Blue Vista Capital Management, has acquired Hunt River Commons, a 147,270-square-foot shopping center in Kingstown, for $15.9 million.
Cushman & Wakefield Arranges Sales of Two Shopping Centers in Northern California for Combined $47 Million
Santa Rosa and Novato, Calif. — Cushman & Wakefield has arranged the sales of two shopping centers in Northern California for a combined value of $47 million.
Manassas, Va. — The JCR Cos. has acquired the Center at Innovation, a 101,990-square-foot shopping center in Manassas, a city in northern Virginia, for $31 million.
East Brunswick, N.J. — Prestige Properties and Development has purchased a grocery-anchored retail center in East Brunswick for $25.4 million.
Gainesville, Fla. — Representatives of Celebration Pointe have inked a new lease with Nike Factory Store.
Maumee, Ohio — Uber Capital Group LLC has arranged a $15 million loan for the $21 million acquisition of The Shops at Fallen Timbers in Maumee, located 10 miles southwest…
Wayne, N.J. — Toys ‘R’ Us is planning to shutter up to 182 underperforming stores across the country as part of its Chapter 11 bankruptcy reorganization plan.
Chamblee, Ga. — Cushman & Wakefield has arranged the sale of Peachtree Station, a 106,372-square-foot retail center in Chamblee, a city 15 miles north of downtown Atlanta.
Doral, Fla. — HFF has arranged the sale of Bed Bath & Beyond Plaza, a 97,456-square-foot shopping center in Doral, a city in South Florida.
Buford, Ga. — Franklin Street has arranged the $13.6 million sale of Mill Creek Walk, a 36,358-square-foot retail center in Buford, a city 35 miles north of Atlanta.
Las Vegas — Brixton Capital has sold a 122,133-square-foot retail center in Las Vegas for an undisclosed price.
Norfolk, Va. — Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR) has acquired JANAF Shopping Yard, an 888,917-square-foot shopping center in Norfolk, for $85.7 million.
Seattle — Amazon.com Inc. (NASDAQ: AMZN) has opened the first location of Amazon Go, an 1,800-square-foot mini grocery store in Seattle that allows customers to shop without waiting in checkout…
The Shopping Center Group Arranges $6.7 Million Sale of Two-Tenant Portion of Retail Center in Florida
St. Augustine, Fla. — The Shopping Center Group has arranged the $6.7 million sale of a two-tenant portion of Riverside Centre, a shopping center in St. Augustine.
San Diego — CBRE has arranged the sale of Midway Square, a 15,271-square-foot, single-level retail center in San Diego’s Point Loma district.
Huntington Beach, Calif. — Faris Lee Investments has arranged the $15 million sale of CVS Beach Garfield Center, a 31,140-square-foot retail property anchored by a freestanding CVS/pharmacy in Huntington Beach.
Tampa, Fla. — The Shopping Center Group has arranged the $8.4 million sale of Shoppes of Amberly, an 88,000-square-foot shopping center in Tampa.
In 2017 alone, over $35 billion in CMBS loans were exposed to risk of default by retailers declaring bankruptcy, according to New York City-based Trepp LLC, which monitors the performance…
Exton, Penn. — PREIT has opened a 55,000-square-foot Whole Foods Market location at Exton Square Mall in Exton.
San Antonio — HFF has arranged the sale of Nacogdoches Crossing, a 22,434-square-foot shopping center in San Antonio.
Oviedo, Fla. — SRS Real Estate Partners has arranged the $1.4 million sale of Riverside Retail Shoppes, a 10,493-square-foot shopping center in Oviedo, a city 20 miles northeast of Orlando.
Doral, Fla. — Terra has sold Doral Commons, a 140,000-square-foot shopping center in Doral, for $72 million.
Houston — CBRE has arranged the sale of Macy’s at West Oaks Mall, a 243,337-square-foot retail property in Houston.
Great Barrington, Mass. — Westport, Conn.-based Paragon Realty Group has purchased Barrington Plaza, a grocery-anchored community shopping center in Great Barrington.
Boston — Newmark Knight Frank Capital Markets has brokered the sale a retail building in Boston’s Brighton neighborhood.
The market for single tenant net lease properties in 2017 operated in an environment of ambivalence. At issue were the political uncertainty following the election of a new U.S. president…
Orlando, Fla. — Stan Johnson Co. has arranged the $15.1 million sale of a 16,152-square-foot Del Frisco’s Double Eagle Steakhouse location in Orlando.
Alexandria, La. — Franklin Street has arranged the $3.2 million sale of The Bulls Eye, a newly constructed, 6,400-square-foot strip retail center in Alexandria.
Fontana, Calif. — Faris Lee Investments has arranged the $3.2 million sale of a newly developed, 2,500-square-foot property triple-net-leased to Starbucks Coffee in Fontana.
Bentonville, Ark. — Sam’s Club, a division of Wal-Mart Stores Inc. (NYSE: WMT), has announced that it will close 63 club locations across the country.
Oxford, Ala. — JLL has arranged the sale of Oxford Exchange, a 333,975-square-foot shopping center in Oxford.
New York City — Extell Development Co. closed on a $1.1 billion construction loan for Central Park Tower on Dec. 29, 2017.
Encinitas, Calif. — RAF Pacifica Group has acquired the 39,000-square-foot retail portion of Pacific Station, a 100,000-square-foot mixed-use development in Encinitas, for $24 million.
Van Nuys, Calif. — SRS Real Estate Partners has arranged the $6.1 million sale of a 20,600-square-foot Crunch Fitness location in Van Nuys.
Myrtle Beach, S.C. — Landscape architectural firm Lifescapes International has been selected to design the landscape for the redevelopment of two entertainment centers in Myrtle Beach — Barefoot Landing and Broadway at…
Huntsville, Ala. — Topgolf has opened at MidCity, a $350 million mixed-use redevelopment under construction in Huntsville.
Asheville, N.C. — GBT Realty Corp. has acquired Overlook Village, a 153,820-square-foot shopping center in Asheville, for $25.5 million.
Yorktown, N.Y. — G.S. Wilcox & Co. has secured $25.2 million in financing for the site development of a future Lowe’s Home Improvement Warehouse, which has a 20-year ground lease…
Miami — Aztec Group Inc. has arranged a $24.5 million loan for the acquisition of Old Cutler Town Center, a 106,500-square-foot shopping center in Miami.
Tampa, Fla. — Marcus & Millichap has arranged the $11.8 million sale of Shoppes of South Dale, a newly constructed, 34,100-square-foot retail property in Tampa.
La Marque, Texas — Capital Retail Properties has broken ground on La Marque Crossing, a 15,000-square-foot retail strip center located in La Marque, 38 miles southeast of Houston.
Chicago — Inland Real Estate Acquisitions LLC has closed on the purchase of four retail properties occupied by Jewel-Osco in suburban Chicago.
Clifton Park, New York — Axoim Capital Corp. has hired John Freedman as managing director.
Oceanside, Calif. — Quarry Creek Investors has sold Quarry Creek Plaza, a retail center in Oceanside.
Hoffman Estates, Ill. And Cincinnati — Sears Holdings Corp. has announced that 64 Kmart stores and 39 Sears stores will close nationwide between March and early April of this year.
Seattle — Regency Centers Corp. has acquired Roosevelt Square, a 150,000-square-foot, multi-level shopping center in Seattle.
Hagerstown, Md. — PREIT has signed two experiential retail tenants to Valley Mall in Hagerstown, a city in northern Maryland.
Denver — HFF has arranged the $20 million sale of Tamarac Shopping Center, a 68,534-square-foot retail center in Denver.
Fifth Third Bank Provides $43 Million Construction Loan for Retail Portion, Parking Garage at Miami Worldcenter
Miami — Fifth Third Bank has provided a $43 million construction loan for the construction of 53,000 square feet of retail space and a 1,100-space parking garage at Miami Worldcenter, a…
Bloomington, Ill. — CBL Properties has signed three new tenants to Eastland Mall in Bloomington.
When Gene Munster, managing partner of Minneapolis-based venture capital firm Loup Ventures, predicted that e-commerce giant Amazon (NASDAQ: AMZN) would buy department store chain Target (NYSE: TGT) this year, he…
Wilmette, Ill. — Mid-America Real Estate Corp. has arranged the sale of Plaza Del Lago, a 100,213-square-foot shopping center in Wilmette, a city 20 miles north of Chicago.