By Robyn Marano
- Published in SCBlog
Shoppers are now looking for retail centers where they can connect with their community and share experiences with family and friends. How do retail centers leverage this shift in retail experience to impact their bottom line?
Beachwood, Ohio — Petherbridge joined DDR as senior vice president of capital markets in December 2011.
Philadelphia — Lawndale Plaza is located in the Lawndale submarket in northeast Philadelphia.
Tucson, Ariz. — The seller was Casas Adobes Plaza LLC.
San Jose, Calif. — The first restaurant developed by franchisee Tom Menik is anticipated to open at the end of the year.
Madison, Wisc. — Burlington Coat Factory and Jo-Ann Fabrics are the anchor tenants at Westland; other tenants include Rogan Shoes, Burger King, and Hand & Stone Massage and Day Spa.
Tallahassee, Fla. — University Village's major tenants include Gold’s Gym and a United States Post Office.
Sandy Springs, Ga. — LA Fitness anchors Sandy Springs Crossing, and other tenants include Rockler Woodworking, Salons by JC, Gwinnett College, Hinton’s Wines, Bride Beautiful and Nori Nori Japanese Restaurant.
Mission Viejo, Calif. — Mission Viejo Garden Plaza was built in 1975 and renovated in 2009.
West Des Moines, Iowa — Baceline purchased the 142,600-square-foot neighborhood shopping center in 2013.
Los Angeles — The spotlight is shining brightly on those who can successfully execute entertainment retail — essentially, a full-circle experience that provides shoppers with more than just a physical…
By Robyn Marano
Freehold, N.J. — The center was completely vacant before a recent recapitalization and is now 100 percent leased.
Clark, N.J. — Executed leases lined up for 100 percent of the center include anchor tenants of Whole Foods and HomeGoods.
Columbia, S.C. — Based in Jackson, Mississippi, Newk’s currently has 77 units in 13 states, predominantly in the Southeast.
Atlanta — All three retailers are expected to open this fall.
Weeki Wachee, Fla. — There are approximately 24 years remaining on the lease.
Virginia Beach, Va. — The location is adjacent to Virginia Beach Town Center.
Port Arthur, Texas — Port Arthur Center is fully leased to tenants including Hobby Lobby, Party City, PetSmart, Firehouse Subs, Cash Store, Gulfside Dental and Chipotle Mexican Grill.
Joliet, Ill. — With the addition of a new building, the total gross leasable area of Joliet Commons will increase to 229,000 square feet.
Bloomington, Ill. — The dine-in entertainment complex features 10 large, wall-to-wall screens and all-new stadium seating.
Cedar Hill, Texas — Uptown Village at Cedar Hill currently includes 350,000 square feet of specialty stores and restaurants.
Monroe Township, N.J. — The transaction was structured with a 10-year term and 30-year amortization schedule.
Lake Geneva, Wisc. — Anchor tenants at Geneva Square include a 50,000-square-foot Piggly Wiggly and Aurora Health Center, a 63,000-square-foot health care provider.
Tempe, Ariz. — The Target store is approximately 115,000 square feet and the US Bank is approximately 3,400 square feet.
Beachwood, Ohio — Oakes assumed the role of president and CFO in January 2013.
Indianapolis — The retail center’s anchor tenant, Kroger, is not part of the acquisition.
Irvine, Calif. — The seven centers total more than 800,000 square feet.
Thomas OnderShareholder, Stark & Stark
Lafayette, Ind. — Lafayette Pavilions Shopping Center is anchored by Gordmans, Hobby Lobby, Gander Mountain and TJ Maxx.
Augusta, Ga. — Previously, Gibson was a managing partner of Hull Storey Gibson Cos. for 15 years.
Chattanooga, Tenn. — Five people were promoted to either senior vice president or vice president positions.
Denver — Clayton Lane consists of 335,000 square feet and four separate parking facilities situated within a larger mid-rise mixed-use development in one of Denver's most affluent urban communities.
Costa Mesa, Calif. — Each investor has provided $125 million in capital.
Panama City, Fla. — Bay City Point could feature over 250,000 square feet of new businesses.
Los Angeles — Jerde led a multi-disciplinary team that designed more than 100 urban places around the world as well as created the look of the 1984 Olympic Games in Los Angeles.
Accokeek, Md. — Manokeek Village Shopping Center includes additional land approved for development of up to 50,000 rentable square feet of commercial space.
Miramar Beach, Fla. — Hahn is responsible for Howard Group’s office leasing, acquisitions, leasing management and also serves as a broker for Howard Realty Inc.
Dallas — The full expansion will double the company’s size to 86 screens, making ShowBiz Cinemas one of the largest privately owned theater operators in Texas.
Santa Ana, Calif. — The Wokcano location will be the first location for the chain in Orange County.
Melville, N.Y. — A&G Realty is currently accepting bids on the leases, which range from 1,200 to 5,300 square feet.
Tustin, Calif. — Grigg’s responsibilities will include oversight of all financial functions, including monthly reports, annual budgets, CAM reconciliations and audits.
By Carrie Smith and Katy Figg
Fort Worth, Texas — RadioShack currently has about 4,000 company-owned stores in the United States.
Cleveland — The transaction is a joint venture between affiliates of Mesirow Financial, Cantor Fitzgerald and Net Lease Capital Advisors
Bellingham, Wash. — Growing from 18 to 164 stores, Haggen will quintuple the number of people it employs to 10,000.
Millbury, Mass. — The center’s anchors and retailers include Nordstrom Rack, Target, Kohl's, Barnes & Noble, Dick's Sporting Goods, Gap, Jos A. Bank and LOFT.
Westerville, Ohio — SPMC Urban Properties purchased the property in a 1031-tax-deferred exchange.
Fort Wayne, Ind. — Joel Gorjian led Namdar in the disposition.
Fresno and Clovis, Calif. — Manchester North Shopping Center, one of the centers, is a 103,563-square-foot retail center anchored by Dollar Tree and Hometown Buffet.
Willimantic, Conn. — Willimantic Plaza is anchored by BJ’s Wholesale Club.
Ridgeland, Miss. — Trace Station Shopping Center was 96 percent occupied at the time of sale.
New York — Both Gus Nuzzolese and Darren Leiderman previously held the titles of senior executive director at Colliers.
Los Angeles — Jaffe previously held the title of executive vice president and general counsel at BH Properties.
Baltimore — Cataffa will work closely with DDG’s chairman and CEO, Ahsin Rasheed, to expand the firm’s portfolio.
Fishers, Ind. — The transaction was structured with a 10-year term and 25-year amortization schedule.
Charlottesville, Va. — The center will be home to the second Dick's Sporting Goods location in the market.
Washington Township, N.J. — Two retailers will have grand openings in the spring of 2015.
National chains and large corporations are great for many things, but there is no doubt that America’s 23 million small businesses, including mom-and-pop retailers, fulfill a huge niche in the…
Fontana, Calif. — The property is shadow-anchored by Brunswick Foothill Bowling Center and is directly across from a Walmart-anchored shopping center.
Tulsa, Okla. — The Owasso location will be the eighth Academy Sports store developed by GBT since 2011.
The Woodlands, Texas — Truluck’s will be located in Hughes Landing in Restaurant Row, while Starbucks will be located on the retail level of One Lakes Edge, the 390-unit luxury development in…
Macclenny, Fla. — Cornerstone Square Shopping Center is anchored by Tractor Supply, Peebles, Dollar Tree, CATO and Hibbett Sporting Goods.
Baltimore — Gulati joined DDG in 1992.
Atlanta — Phase II of Avalon will encompass an additional 80,000 square feet of retail.
Boise, Idaho — Shook previously served as president and CIO of Ischus Capital Management LLC.
Mesa, Ariz. — The site plan calls for 710 parking spaces and a Fry’s Fuel Center consisting of a gas canopy with nine fuel dispensers.
San Jose, Calif. — The center was built in 2014 and includes 320,000 square feet of retail space.
Washington, Ill. — The property was sold for an undisclosed sales price.
Little Rock, Ark. — Markham Square is anchored by Burlington Coat Factory and Ross Dress for Less.
Edmonton, Alberta — Since the initial project announcement in December 2013, the shopping center’s retail area has been increased by 65,000 square feet to 415,000 square feet, and now will welcome…
Chicago — Tucker previously held positions with Kirkland & Ellis LLP and Paul Hastings LLP.
Glendora, Calif. — The center is part of a nearly 800,000 square-foot master-planned retail power center with major anchors The Home Depot, Sam's Club, Kohl's, Best Buy, AMC Theaters and other national…
Westland, Mich. — The property was 84 percent occupied at the time of sale.
Long Branch, N.J. — Capital One provided bridge financing for the first phase of the acquisition in November 2014.
Chicago — The Columbian Retail Shops features retailers Burger Bar and Elements Therapeutic Massage.
Alexandria, Ky. — The 207,606-square-foot retail community center Alexandria Village Green is anchored by County Market and shadowed by Walmart Supercenter.
Palm Coast, Fla. — Phase I of the to-be-renamed Island Walk, which includes the majority of small shop tenants, will be completed spring 2015.
New York — Liberty View Industrial Plaza, also known as 850 3rd Avenue, is an eight-story retail, industrial and technology complex.
Foothill Ranch, Calif. — The company will continue to operate its business as “debtors-in-possession."
Elizabeth, N.J. and Fort Worth, Texas — The two properties were acquired in connection with the closing of Washington Prime Group's acquisition of Glimcher Realty Trust.
Glendale, Ariz. — It will be the third Valley location for Dave & Buster’s, joining Tempe Marketplace and Desert Ridge.
Eau Claire, Wisc. — Menards Inc. purchased the 133,883-square-foot center.
St. Petersburg, Fla. — Beyer has been with the company for 12 years and has been involved with more than 1.5 million square feet of development.
North Plainfield, N.J. — The properties include two grocery-anchored shopping centers and a regional mall.
Mountain View, Calif. — Several notable companies are either headquartered or have a major presence within five miles of San Antonio Shopping Center.
Chattanooga, Tenn. — Ziff Properties was self-represented by COO and director of acquisitions Christian Chamblee.
New York — The Maille Boutique will offer New Yorkers more than 20 mustard variations.
Albertville, Ala. — The center will be completed in spring 2016.
San Marcos, Calif. — Major tenants of the property include Ralph’s and CVS.
Denver — Quebec Square and Quebec 36 are home to PetSmart, Ross, Big Five Sports, Party City, Office Depot, Smashburger and more.
Newburgh, N.Y. — More than 50 stores, restaurants and entertainment venues are slated for the development.
Pleasant Hill, Calif. — The transaction was structured with a 20-year term fully amortizing loan.
Vista, Calif. — The 17,855-square-foot Breeze Hill Commercial Center is fully occupied by eight tenants, half of which are national tenants and half of which are regional.
Miami Gardens, Fla. — Miami Gardens residents can shop an assortment of items on Walmart.com, many of which can be shipped for free to the new store.
Chicago — This Whole Foods is one of the largest and highest-producing Whole Foods stores in the United States.
Lafayette, La. — The majority of the retailers committed to the project are either first-time locations within Lafayette or Louisiana, or both.
Philadelphia — MOM’s is known for having 100 percent-certified organic produce, being wind-powered and recycling over 90 percent of their waste.
Chapin, S.C. — NAI Avant senior investment broker Dail Longaker represented the owner of the center in the transaction.
Cincinnati — The REIT owns and manages a retail portfolio consisting of 20 grocery-anchored shopping centers totaling approximately 2.3 million square feet.
Massillon, Ohio — The store will open fall of 2015.
Port Richey, Fla. — The interest-only loan is non-recourse and caries a competitive interest rate.
Miami — CBRE represented Nationwide Theatres West Flagler LLC in the sale of Flagler West Corporate Park | The Centre at the Waterways.
Greensboro, N.C. — Two restaurants in North Carolina and one in Virginia are serving as test models for the renovation plan.
Monroe, N.C. — Madison Marquette sold the 379,630-square-foot center.
Jericho, N.Y. — The Willow Wood Shopping Center is anchored by Petco.
Lorain, Ohio — Joel Gorjian led the Namdar Realty Group team in the transaction.
Cincinnati — Smith will report to Vice President of Retail/Mixed-Use Jim Harkin.
Melbourne, Fla. — Pineda Landings will be anchored by The Fresh Market, the first location for the specialty grocer in Brevard County.
Poughkeepsie, N.Y. — The Shoppes at South Hills' tenants include ShopRite, Burlington Coat Factory, Hobby Lobby and Chuck E. Cheese.
How landscaping can add to creating an experience for shoppers, who are seeking places to spend time as much as they are money.
Minnetonka, Minn. — The new development will feature ground-floor commercial space, including anchor tenant Highland Bank, and five upper floors with 115 luxury apartments.
Oakbrook Terrace, Ill. — Joe Girardi has been involved in the completion of more than $2 billion of retail investment sale transactions.
Houston — The 650,000-square-foot mixed-use development on 14 acres is located inside Loop 610.
Miami — The 235,000-square-foot center is anchored by Walmart.
Greenville, S.C. — Formerly the Greenville Mall, Magnolia Park was purchased by a Menin affiliate in 2007.
New York — He most recently served as president and CEO of Cushman & Wakefield’s Corporate Occupier & Investor Services (CIS) group.
Richardson, Texas — KDC’s CityLine is the first Texas lease for Tom+Chee.
Cuyahoga Falls, Ohio and Austin, Texas — The Shoppes at Chapel Hill is an 85,229-square-foot shopping center located in Cuyahoga Falls, serving all of the northern Akron and southeast Cleveland suburbs.
Chicago — There are nine years remaining on the Gino’s East lease, which expires in July 2023.
Fairfield, Calif. — A Raley’s grocery store anchors Woodcreek Plaza, which is fully leased.
Baton Rouge, La. — Rouzan Village is situated just east of downtown Baton Rouge and within minutes of the LSU campus.
Baton Rouge, La. and Cut Off, La. — Managing Directors Kris Cooper and Margaret Caldwell led the JLL retail investment sales team on these transactions.
Carlsbad, Calif. — Macy’s has operated at this location since 1979, but was renovated in 2000.
West Covina, Calif. — South Hills Plaza sits on a 9.43-acre site.
With several new projects under construction and demographics in the boroughs changing, New York’s retail scene is evolving. Roundtable moderated by Jerrold France and Randall Shearin
Chicago — The acquisitions consist of a total of 238,462 square feet of leasable space on 12.38 acres.
Austin, Texas and Indian Harbour Beach, Fla. — The Sembler Company will serve as property manager and leasing agent for both properties.
New York — The 23-story Exhibit project will be developed by Socius Development Group, and will contain a total of 120 rental units (96 market rate and 24 affordable) comprised…
Chapel Hill, N.C. — University Mall will be renamed University Place beginning in 2015, and will receive a new logo and new consumer advertising campaign.
Hackensack, N.J. — Summit Plaza is anchored by a 62,000-square-foot Super Stop & Shop.
Philadelphia — The building was formerly occupied by The Art Institute of Philadelphia.
Stockbrige, Ga. — The seller was a Delaware-based limited liability company.
Atlanta — Phase I of the development will open in spring 2017, coinciding with the stadium’s debut on Opening Day in 2017.
La Habra and Santa Ana, Calif. — Franchisee Crafty Pizza is also negotiating leases on two additional sites and has identified five other site candidates in Orange County.
Washington — Nearly 20 percent of the portfolio is occupied by grocery stores.
Bluffton, S.C. — Matt Good arranged the 4.6 percent fixed-rate, non-recourse loan, which features a 10-year term and 30-year amortization schedule.
Dallas — The eatery's first location opened in December 2013.
Winter Park, Fla. — A family in Indiana owned the center since its original construction in 1953.
As the new year approaches, many are wondering if the sheer volume of loans maturing in 2015 and continuing into 2016 will have an impact on retail and retail owners.
Stafford, Va. — A Sonic restaurant and a new Hilton will be completed in 2015.
Newark, N.J. — The existing food court environment that was constructed in 1973 was last refurbished approximately 14 years ago.
New York — The team will work to ensure Cushman & Wakefield’s retail professionals continue to provide real estate solutions that drive meaningful value to clients.
Minneapolis — Prior to joining Mid-America, Edwards worked for the Triple Five Group of Companies.
Los Angeles — Macy’s will transform its 250,000-square-foot store into an open environment.
New York — Winn will report directly to CEO Andrea Olshan.
New York — “We are pleased to attract such prestigious, well-known retail anchors in these three strategically-located properties,” says Brett Herschenfeld, managing director of SL Green Retail.
Dawsonville, Ga. — Halpern purchased the property earlier this year, and will begin site work in the first quarter of 2015.
New York — The company has also negotiated a commitment for a $20 million debtor-in-possession credit facility with Salus Capital Partners LLC.
Winter Park, Fla. — Aloma Square WP LLC purchased the center from Noble Properties.
Chicago — H&M’s flagship store now totals 59,500 square feet.
Greensboro, N.C. — Matt King and Lydia Whitley will be handling marketing and leasing responsibilities for the owners.
Philadelphia — Gartner was the state director of the International Council of Shopping Centers for the PA/NJ/DE region for three years.
Cedar Hill, Texas — The center was completed in 2008 and includes more than 70 retail stores.
Plainsboro, N.J. — Since taking ownership of the center, Onyx has leased a combined 20,000 square feet to Indus American Bank, as well as junior anchor tenants Lightbridge Academy and…
San Diego — San Diego International Airport receives more than 17 million passengers each year.
Hagerstown, Md. — The center is currently 100 percent occupied and is anchored by a 33,000-square-foot Food Lion supermarket.
Philadelphia — The ShopRite-anchored center sold for an undisclosed price.
Cumming, Ga. — Brannon Crossing’s tenant roster includes Starbucks Coffee and T-Mobile.
Calabasas, Calif. — In 2013, the IPA division closed more than $3.3 billion in multifamily sales valued at $25 million and above.
Farmville, Va. — The shopping center features tenants such as Rite Aid, Dollar General, Goodwill, Advance Auto Parts and Buffalo Wild Wings.
El Paso, Texas — Integrated into the project will be Sun Metro’s station for bus rapid transit with covered parking for commuters and a transit plaza offering transfers to regional and…
Creating a heart and soul for Downtown’s emerging neighborhoods is a focus for the project, which will fulfill many needs in the area.
Honolulu — Work will begin immediately to prepare the site for construction of phase one of the $500 million project.
Henderson, Nev. — The 16,000-square-foot freestanding Goodwill of Southern Nevada store will be situated across the street from the Nevada DMV and a Walmart Neighborhood Market-anchored shopping center.
Hunstville, Ala. — The $16 million Phase II adds 95,000 square feet of retail on nine acres.
New York — Steves and Teitelbaum will focus on developing Brixmor’s efforts to attract retailers that are traditionally mall-based to the company’s open-air shopping centers.
Chicago — Yoga Six signed a lease for 5,600 square feet at the intersection of State and Erie Streets.
Rio Rancho, N.M. — The property is currently fully leased to Kmart.
Daytona Beach, Fla. — P&S Paving is already a sub-contractor on International Speedway Corp.’s $400 million DAYTONA Rising project underway at Daytona International Speedway.
Aurora, Colo. — The retail center is 98.4 percent occupied.
Milwaukee — Tenants at Point Loomis Shopping Center include Kohl’s, Pick ‘n Save and Chase Bank.
King of Prussia, Pa. — The expansion was designed by RTKL.
Prescott Valley, Ariz. — The Shops at Glassford Hill Marketplace consists of five tenants on triple net-leases in a 100 percent occupied building.
Bridgeport, Conn. — Bridgeport-Long Island Ferry will soon relocate its Connecticut terminal to a site adjacent to the eastern edge of the project, which is expected to increase ridership to more…
Alhambra, Calif. — Alhambra Place will include a combination of large and small national retailers and restaurants with open-air patios and walkways to create a pedestrian-friendly experience.
Atlanta — Additional restaurants and food stalls are slated to open in the coming months.
Thomas OnderShareholder, Stark & Stark
Morristown, N.J. — The Vail Mansion is listed, for both its interior and exterior, on the National Register of Historic Places.
Boynton Beach, Fla. — Vice President Roxanne Register and Nicole Fontaine will collaborate on the assignment.
St. Louis — Schnucks grocery store occupies 48,904 rentable square feet at the center.
New York — The property offers 12,000 square feet of combined retail and office space.
Cambridge, Mass. — To keep customers safe, Shawmut built full safety barricades around the perimeter.
Manchester, N.H. — The property is 95 percent leased.
Baldwin Park, Calif. — The closing cap rate of the property, built in 1987, was 5.9 percent.
The Bronx, N.Y. — The shopping center also includes free parking for more than 600 cars directly in front of the stores.
Birmingham, Ala. — The property was 99 percent leased at the time of sale.
Redmond, Wash. — The center is located in Redmond on Seattle’s affluent Eastside.
Yuma, Ariz. – New tenants include Goodwill, Firehouse Subs and an AutoZone.
Plano, Texas – More than 20 percent of the tenants have been located at Towne Square Shopping Center for more than 10 years.
Irvine, Calif. – The Shops at Clinton Keith and an anchor 7-Eleven were sold by the original developer.
Los Angeles – The term was structured to sell some assets and to also find permanent debt for others.
Farmington Hills, Mich. – Lovitz has more than 10 years of institutional real estate acquisition experience.
Sandy, Utah – South Towne Center is a two-level, 966,000-square-foot enclosed regional mall featuring approximately 150 shops and restaurants.
Chicago – Jack Siragusa, associate director with Cushman & Wakefield, represented ATI in the transaction, while Tucker was represented in-house by Andy White, director of leasing.
Southern Shores, N.C. – Berkley Capital represented Ziff Properties in the transaction.
Washington – Leases were signed at the City Center and Mosaic Project developments, among others.
Abu Dhabi, UAE – Each multi-level flagship will occupy more than 200,000 square feet of retail.
Cincinnati – The three grocery-anchored shopping centers add three new states to the portfolio.
Atlanta – The acquired centers are in Florida, Georgia and Tennessee; the two that were sold are in North Carolina and Alabama.