By Zack Markwell, Co-Founder of Stonemont Financial Group
- Published in SCBlog
Marana, Ariz. — Marcus & Millichap has arranged the $5.46 million sale of a 14,820-square-foot net-leased Walgreens property located in Marana.
Los Angeles and New York City — HBS Global Properties has purchased the 41-property Galeria Kaufhof portfolio that is valued at $3 billion. The portfolio consists of marquee retail locations…
Eden Prairie, Minn. — HFF has arranged an $86 million refinancing for Eden Prairie Center, a 1.14 million-square-foot super-regional mall in the Minneapolis suburb of Eden Prairie.
Atlanta — North American Properties (NAP) and CBRE Global Investors have sold Town Center at Atlantic Station in Midtown Atlanta to an institutional investor advised by Hines.
Miami — Federal Realty Investment Trust, alongside partners Grass River Property and The Comras Co., has acquired an 85 percent interest in The Shops at Sunset Place, a 515,000-square-foot mixed-use…
Chamblee, Ga. — S.J. Collins Enterprises will break ground in October on Peachtree Crossing, a 107,160-square-foot grocery-anchored power center in Chamblee, an eastern suburb of Atlanta.
Santa Monica, Calif. — The Macerich Co. (NYSE: MAC) has formed joint ventures to which the company will contribute interests in eight regionals malls totaling roughly $2.3 billion.
Chino Hills, Calif. — Dunhill Partners Inc. has acquired The Shoppes at Chino Hills, a 377,966-square-foot lifestyle center located in the Los Angeles suburb of Chino Hills.
Summerlin, Nev. — Faris Lee Investments has arranged the $51 million sale of a freestanding, 145,000-square-foot single-tenant property triple-net leased to Life Time Fitness in the Las Vegas suburb of…
Knoxville, Tenn. — SRS Real Estate Partners has arranged the sale of Windsor Square, a 299,329-square-foot community center located in Knoxville.
Riverside, Calif. — Hanley Investment Group has arranged the $15.2 million sale of a newly built, 45,000-square-foot single-tenant LA Fitness located in Riverside.
Davenport, Fla. — Phillips Edison Grocery Center REIT II Inc. has acquired Berry Town Center, a 99,441-square-foot Publix-anchored shopping center located 15 miles southwest of Orlando in Davenport.
Miami — Holliday Fenoglio Fowler (HFF) has arranged the $370 million sale of a 1.1-acre contiguous city block along Lincoln Road in Miami Beach.
Avon, Colo. — Greystone has provided a $36 million CMBS loan for Chapel Square and Benchmark Shopping Center, two adjoining mixed-use properties comprising 200,000-square feet of retail and office space…
Ledgewood, N.J. — Cushman & Wakefield has arranged the sale of Ledgewood Mall, a 518,000-square-foot retail property located in Ledgewood, for a price in the high-$20 million range.
Suwannee, Ga. — Transwestern has arranged the $4.1 million sale of Laurel Springs Village, a 21,710-square-foot shopping center in the Atlanta suburb of Suwannee.
Peoria, Ill. — Cullinan Properties Ltd. has named Vic Pildes senior vice president of development and anchor leasing.
San Diego — Scripps Ranch Marketplace Phase II, a 28,700-square-foot shopping center located in San Diego, has sold for $20.45 million.
Virginia Beach, Va. — CBRE|Richmond has arranged the $12 million sale of a Walgreens Pharmacy in Virginia Beach.
Willingboro, N.J. — Delco Development LLC has completed the sale of Willingboro Town Center South, a retail shopping center located in Willingboro.
Victorville, Calif. — Marcus & Millichap has arranged the $2.25 million sale of Metropolitan Plaza, a 21,208-square-foot multi-tenant retail center in Victorville.
Burr Ridge, Ill. — Burr Ridge Village Center, operated by Trademark Property Co., is set to undergo a multi-million dollar renovation.
Newark, Calif. —Rouse Properties Inc. (NYSE: RSE), a retail REIT based in New York, has closed a new $135 million first mortgage loan for NewPark Mall, a 1 million-square-foot retail…
Lexington, Ky. — BC Wood Properties has purchased three Kroger-anchored shopping centers totaling 290,000 square feet for a combined $30.4 million.
Tampa, Fla. — Holliday Fenoglio Fowler (HFF) has arranged the $7.65 million sale of Northwest Plaza, a 46,904-square-foot shopping center located in Tampa’s Citrus Park area; and the $6.7 million…
Las Vegas — Marcus & Millichap has arranged the $2.85 million sale of Tierra Rainbow, an 11,759-square-foot multi-tenant shopping center located in Las Vegas.
Austin, Texas — GroundFloor Development and Prescott Group have announced plans for Saint Elmo, a $120 million mixed-use project set to open in Austin in the first quarter of 2018.
Denton, Texas — Berkadia has arranged $30 million in financing for Denton Center, a 314,157-square-foot retail center located in Denton.
Portland, Ore. — Holliday Fenoglio Fowler (HFF) has arranged $23 million in financing for Timberland Town Center, a 91,901-square-foot retail center anchored by boutique grocer Market of Choice, in Portland.
Upland, Calif. — Marcus & Millichap has arranged the $7.3 million sale of Junction Route 66 Plaza, an 18,297-square-foot shopping center located in Upland.
East Rutherford, N.J. — Ten new tenants are set to open at American Dream, a 3 million-square-foot retail center currently being developed by The Triple Five Group of Cos. in…
Coral Springs, Fla. — Continental Realty Corp. has purchased Cypress Run Marketplace, an 85,000-square-foot retail center located in Coral Springs, for $13.6 million.
Williamsburg, Va. — Harrison, New York-based The Cotswold Group has acquired Williamsburg Crossing Shopping Center, a Food Lion-anchored 150,000-square-foot shopping center located in Williamsburg.
Braselton, Ga. — Skyline Seven Real Estate has arranged the $5.1 million sale of Mulberry Walk, a 31,186-square-foot shopping center in Braselton, a northeast suburb of Atlanta.
Mesa and Gilbert, Ariz. — Two new Pure Barre locations are set to open in the Phoenix area.
Greenfield, Wis. — A partnership affiliated with HSA Commercial Real Estate has acquired a Barnes & Noble center located near Southridge Mall, a 1.2 million-square-foot enclosed regional mall in the…
Mount Laurel, N.J. — Brandywine Realty Trust is set to begin construction on a 10,000-square-foot retail development located at 7000 Midlantic Drive in Mount Laurel.
Chamblee, Ga. — CONNOLLY, its affiliate Spruce Street Partners, and Terwilliger Pappas have broken ground on Phase I of development at Parkview on Peachtree, a transit-oriented mixed-use retail, restaurant, office…
Greensboro, N.C. — Biscuitville FRESH SOUTHERN has named Jim Metevier as president.
Suwannee, Ga. — Marcus & Millichap has arranged the $3.7 million sale of Moore Road Village, a 20,000-square-foot retail strip center located in the Northeast Atlanta suburb of Suwanee.
Fredericksburg, Va. — Coldwell Banker Commercial Elite has arranged the $4.6 million sale of a 13,900-square-foot retail building located in Fredericksburg.
Houston — Three new retailers are set to open at The Boardwalk at Towne Lake, a mixed-use development by Caldwell Cos. located within the 2,400-acre Towne Lake community in Houston.
Bellevue, Wash. — The Bellevue Collection has received a $526 million construction-to-permanent loan to expand the 4-million-square-foot, mixed-use property in Bellevue.
Haines City, Fla. — Axiom Capital Advisors has brokered the $12 million sale of a Publix-anchored shopping center located at 600 US Highway 17-92 in Haines City.
Hoover, Ala. — American Realty Capital-Retail Centers of America I & II and Lincoln Property Co. have acquired Patton Creek, a 512,871-square-foot open-air retail center located in Hoover, for $83.5…
Houston — NewQuest Properties is set to develop Stableside at Falcon Landing, a $75 million community lifestyle center located on the last remaining commercial tract of the late W.K. “Buck”…
Gulf Shores, Ala. — Atlanta-based RCG Ventures has acquired Pelican Place at Craft Farms, a 229,911-square-foot shopping center located in Gulf Shores, for $18.5 million.
Phoenix — Cushman & Wakefield has arranged the $8 million sale of Rancho Encanto, a 70,859-square-foot grocery-anchored neighborhood shopping center located in Phoenix.
San Marcos, Texas — Endeavor Real Estate Group has announced plans to invest $27.5 million to revamp Springtown Shopping Center, a retail center with low occupancy along I-35 in San…
Corona Del Mar, Calif. — Corona Del Mar-based Hanley Investment Group has arranged the sale of two retail centers totaling nearly 250,000 square feet for $13 million.
Glendale, Ariz. — Brixmor Property Group is set to open a new LA Fitness anchor and begin renovations at Glendale Galleria in Glendale.
Glenview, Ill. — Mid-America Real Estate Corp. has arranged the $50 million sale of Glen Gate Shopping Center, a 102,879-square-foot Mariano’s-anchored shopping center located in the Chicago suburb of Glenview.
San Diego — NorthMarq Capital has arranged the $30 million refinance of Carmel Mountain Ranch Town Center, a 172,272-square-foot retail property located in San Diego.
Charlotte, N.C. — Charlotte-based developer Crosland Southeast has named Bobby Speir as vice president of acquisitions.
Orangeburg, S.C. — Wheeler Real Estate Investment Trust Inc. has acquired Grove Park Shopping Center, a 106,557-square-foot grocery-anchored shopping center located in Orangeburg, for $6.6 million.
Phoenix — Triumph Properties Group is set to open a new Safeway location and undergo renovations on Moon Valley Shopping Center in Phoenix.
Plano, Texas — Phillips Edison Grocery Center REIT II Inc. has acquired Plano Market Street, a 169,624-square-foot grocery-anchored shopping center located in Plano.
Spartanburg, S.C. — Marcus & Millichap has arranged the $5.5 million sale of a 41,179-square-foot triple-net ground lease Walmart Neighborhood Market located in Spartanburg.
The Woodlands, Texas — Fogo de Chão, a Brazilian steakhouse, has signed a lease agreement to open a new location in Restaurant Row at Hughes Landing, a 66-acre mixed-use development…
Seattle — Seattle-based Colliers International has arranged the sale of three Washington retail properties for $59.6 million.
Boca Raton, Fla. — Regency Centers Corp. has acquired University Commons, a 180,323-square-foot grocery-anchored shopping center located in Boca Raton, for $80.5 million.
Philadelphia, Pa. — Old Navy is set to open a 23,464-square-foot multi-floor flagship store located at 1618 to 1622 Chestnut Street in Philadelphia.
Teaneck, N.J. — Win Development has submitted construction and engineering plans to the City of Teaneck and Bergen County, N.J., for final building plan approval for a new Walgreens location…
Yorktown, Va. — KeyBank Real Estate Capital has secured a $20.4 million non-recourse, CMBS first mortgage for Village Square at Kiln Creek, a 267,021-square-foot grocery-anchored retail center located in Yorktown.
Old Bridge, N.J. — Old Bridge-based R.J. Brunelli & Co. has announced the appointments of founder Richard Brunelli as chairman of the board; Ron DeLuca as chief executive officer; Danielle…
Medina, Ohio — Cooper Commercial Investment Group has arranged the sale of Stonegate Center, a 15,300-square-foot Walmart shadow-anchored retail center located in Medina, for $1.3 million.
Jeffersonville, Ind. — GBT Realty Corp. has partnered with The Koetter Group to develop a $35 million regional retail center within Jeffersonville Town Center, a master-planned, mixed-use development in Jeffersonville…
Wake Forest, N.C. — Marcus & Millichap Capital Corp. (MMCC) has arranged an $11.8 million acquisition loan for The Factory, a 187,695-square-foot retail and sports complex in Wake Forest.
Fort Lauderdale, Fla. — Leasing has begun at Dania Pointe, a 3.5 million-square-foot mixed-use development located between Fort Lauderdale and Hollywood.
Vallejo, Calif. — Faris Lee Investments has arranged the $4.88 million sale of a 16,500-square-foot single-tenant, triple-net lease CVS/pharmacy located in Vallejo.
Huntsville, Ala. — Huntsville-based Coldwell Banker Commercial McLain Real Estate has arranged the sale of a nine-property portfolio of retail centers, office buildings and special-use buildings located in Tennessee and…
New York — Cushman & Wakefield and DTZ have successfully completed their merger.
Tracy, Calif. — Loja Real Estate has acquired Tracy Corners Shopping Center, an 86,943-square-foot grocery-anchored shopping center located in Tracy, for $15.25 million.
Duluth, Ga. — SRS and Lincoln Property Co. have arranged the sale of Venture Pointe shopping center, a 335,151-square-foot regional power center located in Duluth, for $15.7 million.
Niagara Falls, N.Y. — Six new stores are set to open at Fashion Outlets of Niagara Falls USA this fall.
Hammond, La. — CBRE has secured a $53 million, 10-year loan for Hammond Square located in Hammond.
Los Angeles — Westfield has announced that four new restaurants will open at Terminal One at LAX as part of a $508 million overhaul spearheaded by Southwest Airlines in partnership…
La Verne, Calif. — NorthMarq Capital has arranged the $4.4 million refinance of a shopping center located at 1400, 1410 and 1480 Foothill Blvd. in La Verne.
Cedar Hill, Texas — Trademark Property Co. has begun its multi-million dollar renovation of Hillside Village shopping center, formerly known as Uptown Village at Cedar Hill.
Cockeysville, Md. — Marcus & Millichap has arranged the sale of Church Lane Shopping Center and GJK Plaza, a 97,308-square-foot neighborhood shopping center located in Cockeysville.
Indianapolis, Greenwood and Carmel, Ind. — The Boulder Group has arranged the sale of a single-tenant, net-leased Jiffy Lube portfolio consisting of seven properties in metro Indianapolis.
Roanoke, Va. — Cohen Financial has closed a $6 million acquisition loan for Southwest Plaza, a 94,184-square-foot Food Lion-anchored retail center located in Roanoke.
Cupertino, Calif. — Sand Hill Property Co. has announced plans to transform Vallco Shopping Mall into The Hills at Vallco, a mixed-use town center.
Las Vegas — NorthMarq Capital has arranged the $5.4 million refinance of Jones & 95, a 109,303-square-foot retail property located in Las Vegas.
Plainfield, Ind. — Poag Shopping Centers has begun an $11.1 million redevelopment of Metropolis Lifestyle Center, a 600,000-square-foot retail center located in Plainfield.
Bossier City, La. — Holliday Fenoglio Fowler (HFF) has secured $10.7 million in acquisition financing for Bossier Corners, a 173,178-square-foot regional power center located in Bossier City near Shreveport.
Newcastle, Wash. — RPAI has acquired Coal Creek Marketplace, a 56,000-square-foot grocery-anchored neighborhood center located in the Seattle suburb of Newcastle.
Atlanta — Atlanta-based RCG Ventures Fund III has acquired three shopping centers located in Alabama, New York and Missouri.
National City, Calif. — Sperry Van Ness has arranged the $2.75 million sale of a 6,000-square-foot retail building located in National City.
Charlottesville, Orange and Harrisonburg, Va. — Pizza Hut will open three new restaurants in Charlottesville, Orange and Harrisonburg over the next year.
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 Public 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.