New York – Microsoft will occupy the entire ground through fourth floors, as well as a portion of the lower level of the building.
- Published in The Latest News
New York – Microsoft will occupy the entire ground through fourth floors, as well as a portion of the lower level of the building.
Jupiter, Fla. – The restaurant's concept encompasses 5,900 square feet with outdoor seating.
Richardson, Texas – LOOK Cinemas' patrons will experience a 12-screen, all-recliner and luxury-seating theater complex.
Gainesville, Fla. — Construction is underway on renovations to the 14-screen Regal Cinema located at Butler Town Center in Gainesville.
Seattle — Madison Marquette is set to begin the redevelopment of Pacific Place, a 339,000-square-foot retail center located in downtown Seattle.
Grand Rapids, Mich. — A&G Realty Partners has been tapped to manage the sale of 58 MC Sports leases in seven states across the Midwest following the Grand Rapids-based retailer’s…
Fairview Heights, Ill. — Acadia Strategic Opportunity Fund IV has acquired Lincoln Place in Fairview Heights near St. Louis for $35.4 million.
Menifee, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $9 million sale of a single-tenant, 17,185-square-foot Rite Aid located in Menifee, California.
Birmingham, Ala. — Bayer Properties celebrated the grand opening of The Pizitz on Friday, a $70 million mixed-use redevelopment located in Birmingham.
Hackensack, N.J. — The second phase of a three-phase renovation project has begun on The Shops at Riverside, a shopping mall located roughly 17 miles outside New York City in…
Kissimmee, Fla. — Pan American Cos. has broken ground on St. Cloud Commons, a 225,000-square-foot shopping center located roughly 22 miles south of Orlando in Kissimmee.
Cypress, Texas — An affiliate of United Equities Inc. has sold Fry-529 Retail Center, a 115,000-square-foot retail center located in Cypress, a northwestern suburb of Houston.
Schaumburg, Ill. — Quantum Real Estate Advisors Inc. has brokered the sale of the Shoppes at Prime Village in the Chicago suburb of Schaumburg for $2.3 million.
Springfield, Ore. — JLL has arranged the sale of Shoppes at Gateway, an 821,564-square-foot shopping center located in Springfield, Oregon.
Alpharetta, Ga. — North American Properties (NAP) will officially debut Phase II of the 86-acre Avalon mixed-use development in Alpharetta, which is dubbed Boulevard East, on Thursday, April 13.
Lafayette, La. — Berkadia has secured $18.7 million in financing for the River Ranch Retail portfolio, a set of 10 retail and dining properties anchored by The Fresh Market and…
St. Paul, Minn. — Gander Mountain Co. and its subsidiaries have filed for Chapter 11 bankruptcy protection.
Houston, Texas — HFF has arranged $65 million in interim financing for the 307,509-square-foot retail component of CityCentre, a mixed-use development in Houston.
Mount Prospect, Ill. — Adelphia Properties has arranged the $3.4 million sale of a two-tenant retail building located roughly 25 miles outside Chicago in Mount Prospect.
Hampton, Va. — Marcus & Millichap has arranged the $23.6 million sale of a nine-property 7-Eleven portfolio located in the Tidewater region of Virginia.
Richton Park, Ill. — The Philpsborn Co. has secured a $2.2 million refinancing for Sauk Trail Plaza, a 30,267-square-foot shopping center located roughly 30 miles south of Chicago in Richton…
Coral Springs, Fla. — CREC has arranged the $27.4 million sale of Turtle Crossing, a 99,174-square-foot shopping center located roughly 20 miles northwest of Fort Lauderdale in Coral Springs.
Chantilly, Va. — Regency Centers Corp. has broken ground on The Field at Commonwealth, a $44.5 million, 180,000-square-foot shopping center located in Chantilly, roughly 25 miles west of Washington, D.C.
Decatur, Ga. — Sprouts Farmers Market has opened its newest 30,000-square-foot store at 2551 Blackmon Drive in Decatur, a suburb of Atlanta in DeKalb County.
Lawrenceville, Ga. — SRS Real Estate Partners has arranged the $2 million sale of Springfield Shopping Center, a 19,706-square-foot retail center located in Lawrenceville, roughly 32 miles outside Atlanta.
Indianapolis — Electronics and home appliances retailer hhgregg’s Inc.’s decision last week to close 88 stores — or roughly 40 percent of its total outlets — and three distribution facilities over the…
Fargo, N.D. — Vanity Shop of Grand Forks Inc. is closing all 137 of its Vanity stores in 27 states.
Ann Arbor, Mich. — Brixmor Property Group (NYSE: BRX) has acquired Arborland Center, a 404,000-square-foot, grocery-anchored shopping center located in Ann Arbor, for $102 million.
Miami — MMG Equity Partners has purchased Kendall Corners, a 97,189-square-foot shopping center located on Kendall Drive in Miami, for $38.6 million.
Peachtree City, Ga. — Transwestern has arranged the sale of Kedron Village II, a 157,321-square-foot shopping center located roughly 30 miles outside Atlanta in Peachtree City.
Omaha, Neb. — Jasper Stone Partners has received preliminary governmental approval for Avenue One, a $1.2 billion mixed-use development in west Omaha.
East Greenbush, N.Y. — Nigro Companies has acquired Columbia Plaza, a 137,647-square-foot shopping center located roughly six miles outside Albany in East Greenbush, for $15.1 million.
Upland and Claremont, Calif. — GPI Cos. and LStar Communities have begun construction on a new 365 by Whole Foods Market located at Sycamore Hills Plaza, an 80,000-square-foot shopping center…
Tampa, Fla. — Weingarten Realty Investors has sold Palms of Carrollwood, a 167,887-square-foot retail center anchored by The Fresh Market in Tampa.
Brawley, Calif. — Duhs Commercial has arranged the $7.3 million sale of Rio Vista Plaza, a 68,000-square-foot shopping center located in Brawley.
Beachwood, Ohio — DDR Corp. has named David Lukes president and CEO.
Oak Brook, Ill. — A&G Realty Partners has formed a joint venture with leading grocery real estate executive Joe McKeska.
Chicago — Mid-America Real Estate Corp. has arranged the $53 million sale of Webster Place, a 134,918-square-foot shopping center located in the Lincoln Park neighborhood of Chicago.
Scottsdale, Ariz. — Stan Johnson Co. has arranged the $28 million sale of 14 restaurants in Central Florida leased to Ker’s WingHouse, now known as WingHouse Bar & Grill.
Pleasant Hill, Calif. — PSRS has secured a $15 million refinancing for Courtyard Shopping Center, an 85,000-square-foot retail center located roughly 25 miles outside San Francisco in Pleasant Hill.
Shreveport, La. — Transwestern has arranged the $9 million sale of East Side Plaza, a 78,761-square-foot shopping center located in Shreveport.
Plano, Texas — Plano-based J.C. Penney Co. Inc. has announced plans to close two distribution facilities and approximately 130-140 stores over the next few months.
Peachtree City, Ga. — The $9.5 billion MEPT Fund, along with its affiliated funds, has purchased Kedron Village II, a 157,185-square-foot shopping center located in Peachtree City, about 30 miles…
Reno, Nev. — Hanley Investment Group has arranged the $4.9 million sale of a 7,624-square-foot retail building located in Reno.
Foley, Ala. — White-Spunner Construction (WSC) and the Poarch Band of Creek Indians are underway on OWA, a $500 million entertainment and retail district in Foley, a town in south…
Lakeway, Texas — Stratus Properties Inc. has completed the sale of The Oaks at Lakeway, a 236,739-square-foot shopping center located roughly 22 miles outside Austin in Lakeway.
Houston, Texas — Lionstone Investments has sold Renaissance Center, a 97,279-square-foot shopping center located near the Texas Medical Center in Houston.
Tualatin, Ore. — NAI Elliott has arranged the $16.3 million sale of Martinazzi Square, a 51,060-square-foot shopping center located in Tualatin.
Flint, Mich. — Mid-America Real Estate Corp. has arranged the $14.2 million sale of Oak Brook Square, a 152,073-square-foot shopping center located in Flint.
Chattanooga, Tenn. — Colliers International has arranged the $4.4 million sale of Gunbarrel Place, a 38,250-square-foot shopping center located near Hamilton Place Mall in Chattanooga.
Cincinnati — Cincinnati-based Phillips Edison & Company has sold five shopping centers totaling 583,000 square feet to Albanese Cormier Holdings.
Atlanta — Restaurant Brands International Inc. (RBI) (NYSE: QSR) has agreed to acquire Atlanta-based Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) for $1.8 billion.
Beverly Hills, Calif. — Sterling Organization has received $12.1 million in financing for the acquisition of a vacant 4,700-square-foot retail building located on North Beverly Drive in Beverly Hills.
New Brunswick, N.J. — Saxum Real Estate has purchased a vacant retail building, located at 37 Easton Ave. in Brunswick, for an undisclosed price.
Published 12 times per year, Shopping Center Business is the leading monthly and only business magazine for the shopping center industry, providing news and information on industry trends and issues. The magazine focuses…
North Bergen, N.J. — Cushman & Wakefield has arranged the $19 million sale of a shopping center located at 2819 JFK Blvd. in North Bergen, roughly 10 miles outside New…
Hoover, Ala. — Colliers International has arranged the $12 million sale of a 50,000-square-foot Field & Stream store located in the Birmingham suburb of Hoover.
Pooler, Ga. — L Star Communities, master developer of the 2,588-acre Savannah Quarters development in Pooler, has broken ground on a new Publix store.
Omaha, Neb. — The Lerner Co. has completed the retenanting of the vacant Kmart building at Eagle Run Shopping Center in Omaha.
Glen Burnie, Md. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $18.4 million sale of Cromwell Field Shopping Center, a 233,486-square-foot retail property located…
Wayzata, Minn. — NorthMarq Capital has arranged a $7.2 million loan for the acquisition of a building leased to Walgreens in Wayzata, 13 miles west of Minneapolis.
Surprise and Glendale, Ariz. — Calgary, Alberta-based Triumph Real Estate Investment Fund has acquired two shopping centers in metro Phoenix for $7 million.
Reisterstown, Md. — Robyn Properties has acquired Reisterstown Village Shopping Center, a 21,685-square-foot retail property located in Reisterstown, roughly 25 miles outside Baltimore.
Santa Monica, Calif. — The first day of the third annual Entertainment Experience Evolution conference kicked off with a question: “Who ever thought we would have to sit here and…
Philadelphia — Philadelphia-based PREIT has proactively replaced Sears at three of its malls in Pennsylvania, Michigan and South Carolina.
Austin, Texas — The Travis County Commissioners Court has approved Blakefield LLC’s plans to develop Thomas Ranch, a 2,200-acre master-planned community off Highway 71 and Paleface Ranch Road in Western…
Monticello, N.Y. — A joint venture between Heidenberg Properties Group, Strategic Real Estate Partners and Norse Realty Group has acquired Thompson Square Shopping Center in Monticello.
Upland, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $17.2 million sale of Upland Village, a 60,857-square-foot shopping center located in Upland.
Las Vegas — Agora Realty and Management has acquired a 100,856-square-foot, Smart & Final-anchored shopping center located in Las Vegas for $10.3 million.
Aurora, Ill. — Adelphia Properties has negotiated the sale of a multi-tenant retail building in Aurora for $5.2 million.
Warrenville, Ill. — Quantum Real Estate Advisors Inc. has arranged the sale of Cantera Commons, a shopping center comprised of two multi-tenant buildings located roughly 30 miles outside Chicago in…
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has promoted Katie Reinsmidt to the position of CIO.
San Marcos, Calif. — HFF has secured a $92 million refinancing for Grand Plaza, a 356,796-square-foot power center located roughly 35 miles outside San Diego in San Marcos.
Southaven, Miss. — Conn’s HomePlus has sold Stateline Square, a 219,914-square-foot retail center located in the Memphis suburb of Southaven, Mississippi.
St. Cloud, Fla. — Kite Realty Group Trust has sold Publix at St. Cloud, a 78,779-square-foot shopping center located in the Orlando suburb of St. Cloud.
Oak Brook, Ill. — Samantha Spinell Schnell has joined IRC Retail Centers as director of leasing.
Banning, Calif. — Marinita Development Co. has broken ground on Phase II of Sun Lakes Village Shopping Center, a 95,000-square-foot shopping center located in Banning, California.
St. Peters, Mo. — Knoebel Construction Inc. has broken ground on the Shoppes at Mid Rivers in St. Peters.
Auburn, Ala. — Colliers International has arranged the $14.4 million sale of The Crossroads of Opelika, a 33,378-square-foot shopping center located in Auburn.
Pembroke Pines, Fla. — InvenTrust Properties Corp. has acquired Paraiso Parc and Westfork Plaza retail centers in Pembroke Pines for $163 million.
Philadelphia — HFF has secured permanent financing for the retail portion of Rodin Square, a 79,233-square-foot mixed-use development located in the City Center district of Philadelphia.
Oceanside, Calif. — Cushman & Wakefield has arranged the $14.2 million sale of Best Plaza, a 65,211-square-foot shopping center located roughly 38 miles outside San Diego in Oceanside.
Salt Lake City — CBL & Associates Properties Inc. has announced that Dillard’s will open a new store in the former Macy’s location at Layton Hills Mall in Salt Lake…
Easton, Pa. — Phillips Edison has acquired Palmer Town Centre, a shopping center located in Easton, for $32.3 million.
Elyria, Ohio — Integra Real Estate Capital has arranged a $17.5 million bridge loan for the acquisition of Midway Market Square in Elyria, located roughly 23 miles west of Cleveland.
Allen, Texas — Vestar has acquired Twin Creeks Marketplace, a grocery-anchored shopping center located in Allen, roughly 25 miles outside Dallas.
Atlanta — The Related Group has selected Balfour Beatty U.S. to construct a multi-level Whole Foods Market store in Midtown Atlanta.
Huntsville, Ala. — Topgolf has confirmed Huntsville as its second location in Alabama.
Tucson, Ariz. — Cushman & Wakefield has arranged the $4.2 million sale of a 3,616-square-foot Raising Cane’s restaurant located in Tucson.
Avon, Ohio — Marcus & Millichap has arranged the sale of Center Plaza in Avon, about 20 miles west of Cleveland, for $4.4 million.
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has closed on a sale-leaseback transaction for five Sears department stores and two Sears Auto Centers located at CBL-owned malls for…
Las Vegas — A joint venture between TH Real Estate and Fairbourne Partners has acquired Town Square, a 1.1 million-square-foot lifestyle center comprised of 26 buildings in Las Vegas.
Collinsville, Ill. — Integra Real Estate Capital has negotiated a $3.2 million non-recourse loan for the acquisition of Orchards Shopping Center in Collinsville, 15 miles east of St. Louis.
Dallas, Texas — Hanley Investment Group has arranged the sale of a 3,377-square-foot Just Brakes location in Dallas, Texas.
Atlanta — Batson-Cook Development Co. (BCDC) has formed a joint venture partnership with Regent Partners LLC to acquire a parcel in the Buckhead financial district of Atlanta and develop a…
Los Angeles — CBRE has arranged the $13.3 million sale of Silver Lake Collection, a 10,497-square-foot, street-front retail property located along Sunset Boulevard in the Silver Lake neighborhood of Los…
Casa Grande, Ariz. — Marcus & Millichap has arranged the $2 million sale of a 7,441-square-foot Olive Garden located in Casa Grande.
Glenview, Ill. — Baum Realty Group LLC has arranged the sale of a retail building in Glenview, a suburb of Chicago, for $1 million.
Owings Mills, Md. — Three new eateries are set to open at Foundry Row, a $140 million retail development located roughly 20 miles outside Baltimore in Owings Mills.
Jackson, Miss. — Jackson-based Newk’s Eatery has signed six new area development agreements that will add more than 40 restaurants to the brand’s regional footprint.
New York City — Following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017, according to Cushman & Wakefield’s U.S. Macro…
Livonia, Mich. — Schostak Brothers & Co. Inc., a metro Detroit-based real estate investment firm, has purchased a portfolio of six retail properties adjacent to Walmart Supercenters in Mississippi, Louisiana…
San Francisco — A partnership between Blatteis & Schnur and Morgan Stanley Real Estate Investing has acquired the 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco for…
Columbus, Ohio — Limited Stores LLC, parent company of women's fashion apparel retailer The Limited, has filed for Chapter 11 bankruptcy protection.
Normal, Ill. — A joint venture between ALTO Real Estate Funds and M & J Wilkow Ltd. has acquired The Shoppes at College Hills and The Plaza at College Hills, a…
Bakersfield, Calif. — A joint venture between C & C Properties Inc. and MarkChris Investments has announced the redevelopment of East Hills Mall in Bakersfield, roughly 110 miles north of…
New York City — Forest City Realty Trust, in partnership with Madison International Realty, has completed the disposition of Shops at Bruckner Boulevard, a specialty retail center located in the…
Virginia Beach, Va. — Wegmans plans to open a new 130,000-square-foot grocery store at Town Center of Virginia Beach.
Chicago — Mid-America Real Estate Corp. has arranged the $81 million sale of 3030 North Broadway, a 137,618-square-foot shopping center located in the Lincoln Park neighborhood of Chicago.
North Palm Beach, Fla. — The Shopping Center Group and Avison Young have teamed up to broker the $12.6 million sale of Northlake Promenade Shops, a nearly 83,000-square-foot shopping center…
Savannah, Ga. — Myrtle Beach, South Carolina-based Burroughs & Chapin has acquired an 8,800-square-foot retail property on Broughton Street in Savannah.
Atlanta — Atlanta-based Bull Realty has arranged the $5.5 million sale of three retail properties totaling nearly 21,000 square feet in Atlanta’s Grant Park neighborhood.
Mableton and Lawrenceville, Ga. — Avison Young has arranged the sale of two shopping centers located in metro Atlanta.
In retail, nothing remains the same for long. A century ago, America saw the rise of mega department stores as category killers. In the middle of the 20th Century, regional malls were beginning their rise. That…
Campbell, Calif. — Ellis Partners has broken ground on the multi-phased renovation of The Pruneyard, a 27-acre mixed-use shopping center in the Silicon Valley city of Campbell.
Chicago — Invesco has sold Broadway at Surf, a 134,285-square-foot, grocery-anchored shopping center located between Chicago’s Lincoln Park and Lakeview neighborhoods.
San Francisco — Mesa West Capital has provided $16 million in financing for a 12,281-square-foot Disney Store in San Francisco.
Providence, R.I. and Portland, Maine — Horvath & Tremblay has arranged the sale of two retail properties in Rhode Island and Maine.
Monaca, Pa. and Beckley, W.Va. — PREIT has sold the company's two remaining non-core malls in Pennsylvania and West Virginia for a combined total of $49 million.
Naperville, Ill. — Retail Properties of America Inc. (RPAI) has acquired Main Street Promenade, a 182,000-square-foot mixed-use development located 30 miles from Chicago in Naperville.
Cleveland, Tenn. — Wicker Park Capital Management LLC has acquired Cleveland Towne Center, a 152,839-square-foot regional power center located in the Chattanooga suburb of Cleveland.
Holyoke, Mass. — HFF has arranged the $33.3 million sale of Holyoke Crossing, a 140,361-square-foot retail power center located in the Springfield suburb of Holyoke.
Lake Elsinore, Calif. — Civic Partners has received approval for the development of Artisan Alley at the Diamond, a mixed-use project located in Lake Elsinore.
Tampa, Fla. — Tampa-based Plaza Advisors has arranged the $51 million sale of three Publix-anchored shopping centers located in Florida and Alabama.
Zanesville, Ohio — Time Equities Inc. has acquired Colony Square, a 425,430-square-foot enclosed regional mall located in Zanesville, for $31.5 million.
Rowlett, Texas — Bayside Land Partners, a partnership between Kent Donahue and Wilks Development, is developing Bayside, a $1 billion master-planned project encompassing 262 acres in the Dallas suburb of…
San Marcos, Calif. — Lee & Associates has arranged the $73.4 million sale of Campus Marketplace, a 144,148-square-foot shopping center located roughly 35 miles outside San Diego in San Marcos.
Warren, N.J. — The Klein Group and Sterling Properties Group have received a $17.5 million refinancing for Warren Village Shopping Center, a 61,838-square-foot shopping center located roughly 35 miles outside…
Royston, Ga. and Summerville, S.C. — Wheeler Real Estate Investment Trust Inc. has acquired two BI-LO-anchored shopping centers located in Georgia and South Carolina.
Los Angeles — California Realty Group has arranged the $23 million sale of an 8-acre shopping center located in the Los Angeles neighborhood of Granada Hills.
Salem, Ind. — Rafinia Property Group has acquired Riverside Shops of Salem, a 50,000-square-foot retail center located in Salem, for $3 million.
Los Angeles — Kilroy Realty Corp. has purchased The Sunset, a 179,000-square-foot mixed-use development in the West Hollywood submarket of Los Angeles, for $210 million.
Birmingham, Ala. — Bank of America has funded the refinancing of The Summit, a 1 million-square-foot trophy retail development in Birmingham.
Austin, Texas — RD Management LLC has acquired Shops at Tech Ridge, a 504,153-square-foot shopping center located in Austin.
Wellington, Fla. — HFF has arranged the $19.4 million sale of the Shoppes of Wellington Green, a 130,836-square-foot shopping center located in the Palm Beach County community of Wellington.
Los Angeles — Newmark Realty Capital Inc. has secured two refinance loans totaling $21.9 million for five retail buildings in Los Angeles.
Cincinnati — Hines Global REIT II has acquired Rookwood Pavilion and Rookwood Commons in Cincinnati.
Boca Raton, Fla. — Following last week’s announcement of massive store closures by Macy’s and Sears, The Limited is following suit, announcing over the weekend the closure of all its remaining…
Alexandria, Va. — The Howard Hughes Corp. has purchased a Macy’s store and parking field at Landmark Mall in Alexandria for an undisclosed price.
Scottsdale, Ariz. — Regency Centers L.P. has sold Pima Crossing, a 283,275-square-foot shopping center located in Scottsdale, for $46.2 million.
Etters, Pa. — KLNB has arranged the $17 million sale of Newberry Commons, a 246,000-square-foot shopping center located roughly 17 miles outside Harrisburg in Etters.
Edmond, Okla. — ShowBiz Cinemas has announced plans to open a new family entertainment center in Edmond, Oklahoma.
Clermont, Fla. — Grandbridge Real Estate Capital has secured a $5 million refinancing for Oakley Square Shopping Center, a 30,218-square-foot retail center located roughly 23 miles outside Orlando in Clermont.
Cebu, Philippines — Lifescapes International has completed the landscape design of Robinsons Galleria, a 380,485-square-foot mixed-use development located in Cebu.
Charlottesville, Va. — O’Connor Capital Partners has acquired The Shops at Stonefield in downtown Charlottesville, near the University of Virginia, for $121.1 million.
Reisterstown, Md. — Greysteel has arranged the $19.9 million sale of Chartley Park-Landmark Shopping Center, a 144,000-square-foot retail property located in Reisterstown.
Shorewood, Wis. — Mid-America Real Estate Corp. has arranged the sale of a 90,320-square-foot Metro Market located roughly five miles from Milwaukee in Shorewood.
Gladstone, Mo. — HFF has arranged the sale of Prospect Plaza, a 190,006-square-foot, grocery-anchored shopping center located in the Kansas City suburb of Gladstone.
Doral, Fla. — Publix Super Market has broken ground on a new location at Downtown Doral, a mixed-use development by master developer Codina Partners located roughly 15 miles outside Miami…
Cincinnati and Hoffman Estate, Ill. — Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) both announced Wednesday plans to close a large number of department stores in an effort to…
Aurora, Ill. — HFF has secured a $100 million refinancing for Fox Valley Mall, a 1.4 million-square-foot enclosed regional mall located in the Chicago suburb of Aurora.
Flagstaff, Ariz. — Cypress Equities has acquired Flagstaff Mall, a 388,000-square-foot enclosed regional mall located in Flagstaff, Arizona.
Milwaukee — Marcus & Millichap has arranged the $22.2 million sale of a 53,875-square-foot Whole Foods Market located in Milwaukee.
Winchester, Va. — An affiliate of Baltimore-based Klein Enterprises has purchased Pleasant Valley Shopping Center, a 104,703-square-foot shopping center located at 2021-2065 S. Pleasant Valley Road in Winchester, for $15.9…
Macon, Ga. — Wheeler Real Estate Investment Trust Inc. has purchased Rivergate Shopping Center, a 205,811-square-foot, Publix-anchored development located in Macon.
North Palm Beach, Fla. — The Shopping Center Group and Avison Young have brokered the $12.6 million sale of Northlake Promenade Shoppes, an 82,966-square-foot, Publix-anchored shopping center in North Palm…
Moreno Valley, Calif. — HFF has secured a $7.3 million refinancing for Ironwood Plaza, a 56,289-square-foot shopping center located in the Inland Empire community of Moreno Valley.
Tempe, Ariz. — A joint venture between Opus Development Group LLC and Seventh Street Tempe AZ Manager LLC has begun construction on a mixed-use development located at the northwest corner…
Detroit — The Scott at Brush Park, a $65 million mixed-use development offering 199 luxury residential units and 15,000 square feet of retail space, has opened in Detroit.
Laredo, Texas — Marcus & Millichap has arranged the sale of Independence Plaza III, a 73,276-square-foot shopping center located in Laredo.
Stone Mountain, Ga. — HRE Citadel Square LLC, an affiliate of Highline Real Estate Capital, has acquired Citadel Square, a 50,878-square-foot shopping center located roughly 20 miles outside Atlanta in…
Maui and Kauai, Hawaii — TRC, formerly Terramar Retail Centers, is in the final phase of construction on two shopping centers located on the islands of Maui and Kauai in…
Bear, Del. — HFF has secured a $35 million refinancing for Governor’s Square Shopping Center, a 294,213-square-foot shopping center located in the Wilmington suburb of Bear.
Shorewood, Ill. — Mid-America Real Estate Corp. has arranged the sale of Shorewood Crossing, a 173,981-square-foot shopping center located roughly 45 miles outside Chicago in Shorewood.
Potomac, Md. — Carl M. Freeman Cos. has sold Cabin John Shopping Center and Mall in Potomac to EDENS.
Greenville, S.C. — Big V Capital LLC has acquired Haywood Plaza, a 93,357-square-foot shopping center located in Greenville, South Carolina.
San Francisco — San Francisco-based The Kase Group has arranged the sale of four Hardee’s properties located in Georgia and Alabama for $7 million.
Deerfield, Ill. and Camp Hill, Pa. — Walgreens Boots Alliance (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) have agreed to sell 865 Rite Aid stores and some assets related…
Germantown, Tenn. — Epic Real Estate Partners has acquired Shops of Forest Hill, a 343,855-square-foot community center located in the Memphis suburb of Germantown.
Washington, D.C. — Alamo Drafthouse Cinema is set to open its first location in Washington, D.C., at Bryant Street, a mixed-use project currently being developed by MRP Realty.
Menomonee Falls, Wis. — TJ Maxx is set to open a 23,496-square-foot location at Whitestone Station, a 67-acre mixed-use development located roughly 19 miles outside Milwaukee in Menomonee Falls.
Santa Monica, Calif. — Palisades Capital Partners has acquired a mixed-use property located at 631 Wilshire Blvd. in downtown Santa Monica for $33 million.
Nashua, N.H. — Linear Retail Properties has acquired two retail properties along the Daniel Webster Highway and Spit Brook Road in Nashua for $12.5 million.
Montgomery, Ala. — Jim Wilson & Associates LLC (JWA) plans to develop Eastchase Central, a shopping center in Montgomery that will be anchored by a roughly 40,000-square-foot Marshalls/HomeGoods store.
Atlanta — Third & Urban and Trillium Management plan to redevelop the former Western Electric Building in Atlanta.
Tomball, Texas — Santikos Entertainment is developing Northpointe Shopping Center, an entertainment-anchored retail center located roughly 30 miles outside Houston in Tomball.
Los Banos and Sacramento, Calif. — Continental Partners, formerly known as Continental Funding Group, has secured $21.4 million in refinancing for two shopping centers located in Sacramento and Los Banos.
Chicago — Chicago-based GGP has promoted Shobi Khan to president and COO.
New York City — PCCP LLC has provided a $47.1 million senior loan to a joint venture between Onyx Equities and KBS Capital Advisors for the redevelopment of 210 W…
Inglewood, Calif. — George Smith Partners has secured the $34 million refinancing of Crenshaw Imperial Plaza, a 305,000-square-foot mixed-use center located roughly 12 miles outside Los Angeles in Inglewood.
Raleigh, N.C. — CBRE | Raleigh has arranged the sale of Marketplace at Lake Boone, a 76,253-square-foot mixed-use development located at the intersection of Lake Boone Trail and Gateway Access…
Kansas City, Mo. — Flex Build has finished the renovation of Watts Mill Shopping Center in Kansas City.
Winchester, Va. — KLNB Retail’s investment sales group has arranged the $15.9 million sale of Pleasant Valley Marketplace, a 104,703-square-foot retail center located in Winchester.
Gainesville, Ga. — Franklin Street has arranged the $11 million sale of Robson Crossing, a Publix-anchored shopping center located in Gainesville, roughly 40 miles northeast of Atlanta and minutes from…
Atlanta — Atlanta-based Selig Enterprises Inc. has launched a new division known as Selig Development Corp., whose first development will be a $400 million mixed-use project located at 1105 W…
Falls Church, Va. — Phillips Realty Capital has arranged a $90 million permanent loan for West Broad Residences, a newly built seven-story mixed-use complex in Falls Church, roughly nine miles…
Lee’s Summit, Mo. — The Lee’s Summit City Council has approved the rezoning and preliminary development plan for The Grove at Lee’s Summit, a 1 million-square-foot, mixed-use project in Lee’s…
Benton Harbor, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairplain Plaza, a 273,254-square-foot shopping center located 50 miles west of Kalamazoo in Benton Harbor.
Oakland, Calif. — A joint venture between Western Avenue Capital and Northstar Enterprise Opportunity Fund I LP has acquired Foothill Square Shopping Center, a 120,000-square-foot retail center located in Oakland.
New York City — NorthMarq Capital has negotiated the $47.5 million refinance of a 250,000-square-foot Macy’s located in the Flushing area of Queens.
New Port Richey, Fla. — KeyBank Real Estate Capital has secured a $13.7 million CMBS loan for Trinity Village Shopping Center, an unanchored, 71,233-square-foot retail property built in 2007 in New…
Denver — Unum Life Insurance Company of America has provided a $13 million refinancing for the Denver Dry Goods Building, an 84,495-square-foot retail and office building located in downtown Denver.
Orange, Calif. — Paragon Commercial Group LLC has acquired Rusty Leaf Plaza, a 60,294-square-foot shopping center located roughly 30 miles outside Los Angeles in Orange.
Glen Cove, N.Y. — RXR Realty has broken ground on Garvies Point, a $1 billion waterfront redevelopment in the Long Island city of Glen Cove.
Nashville, Tenn. — Northwestern Mutual has provided $73 million in construction financing for Capitol View, a $750 million, 32-acre mixed-use development underway in Nashville’s North Gulch area.
Spring Hill, Tenn. — NorthMarq Capital has arranged a $28.8 million acquisition loan for The Crossings of Spring Hill, a 219,905-square-foot retail property located in Spring Hill, about 35 miles…
Mandeville, La. — Corporate Realty Inc. has arranged the sale of Northlake Shopping Center, a 166,371-square-foot shopping center located roughly 35 miles outside New Orleans in Mandeville.
Dallas, Texas — CBRE has arranged the sale of Sierra Vista Plaza, a 163,000-square-foot shopping center located in Dallas.
By: Randall Shearin, Editor-in-Chief of Shopping Center Business
Atlanta — Atlanta-based Ackerman & Co. has named Courtney Brumbelow senior vice president of Ackerman Retail.
Mahopac, N.Y. — Heidenberg Properties Group has received final site-plan approval for the renovation and expansion of Lake Plaza Shopping Center, located roughly 50 miles north of New York City…
Bensalem, Media and Lionville, Pa. — ECHO Realty Partners has acquired a portfolio of three grocery-anchored shopping centers located in metropolitan Philadelphia for an undisclosed sum.
Oxford, Miss. — Ziff Properties Inc. has acquired Oxford Marketplace, a 90,171-square-foot shopping center located in Oxford.