Author

Abby Cox

new-city-center
Grocery-anchoredInvestment salesNew YorkNews

Cronheim Arranges $33.3 Million in Financing for Grocery-Anchored Center in New City, New York

by Abby Cox

New City, N.Y. — Cronheim has arranged a $33.3 million bridge loan for New City Center, a 128,801-square-foot center located in New City, approximately 30 miles north of Manhattan. Dev Morris, Allison Villamagna, Brandon Szwalbenest, and Andrew Stewart of Cronheim secured the three-year loan through Voya Investment Management on behalf of a JV partnership between KABR Group and BTF Capital Fund. The loan provided 75 percent of the total project costs, with additional future funding available for capital improvements. Anchored by ShopRite, New City Center features a mix of tenants such …

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesMarylandNews

Federal Realty Acquires Congressional North Shopping Center in Maryland for $72.3 Million

by Abby Cox

Rockville, Md. — Federal Realty Investment Trust (FRT) has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, approximately 12 miles northwest of Washington, D.C., for $72.3 million. Aldi anchors the center, which spans 12 acres. Additional tenants include RH Outlet, Petco and Staples. FRT also owns Congressional Plaza, Federal Plaza, Montrose Crossing and Pike & Rose in Montgomery County, Maryland, among other properties.

Continue Reading
0 FacebookTwitterLinkedinEmail
Randall-Square
IllinoisInvestment salesNews

Mid-America Negotiates $29 Million Sale of 171,860-Square-Foot Randall Square in Metro Chicago

by Abby Cox

Geneva, Ill. — Mid-America Real Estate has negotiated the sale of Randall Square, a 171,860-square-foot shopping center located in Geneva, roughly 40 miles west of Chicago. Alpharetta, Georgia-based Octave Holdings purchased the property for $29 million, according to public records. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Cincinnati-based Viking Partners, in the transaction. Randall Square features a mix of tenants including Nordstrom Rack, Marshalls, Ulta Beauty, PetSmart, Skechers, Five Below, Uncharted and Old Navy.

Continue Reading
0 FacebookTwitterLinkedinEmail
ALDI-Grocery-Anchored-Center
Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Brokers $13.7 Million Sale of Grocery-Anchored Shopping Center in McHenry, Illinois

by Abby Cox

McHenry, Ill. — Marcus & Millichap has brokered the $13.7 million sale of McHenry Town Center, a 94,658-square-foot, grocery-anchored center located in McHenry, roughly 55 miles southeast of Chicago. Built in 2003, the eight-suite property is home to Aldi, Petco, Five Below, Bath & Body Works, Michaels and Famous Footwear. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private family with offices overseas and in Chicago, and procured the 1031 exchange buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
South Island Market
DevelopmentMixed-useNewsSouth Carolina

Pinckney Partners Begins Construction of 34-Acre Mixed-Use Development on Johns Island in South Carolina

by Abby Cox

Johns Island, S.C. — Locally based Pinckney Partners has begun vertical construction on South Island Market, a 34-acre mixed-use development located on Johns Island, about 13 miles south of Charleston. Upon completion, the project will feature 82,000 square feet of retail, dining and office space across eight buildings, along with 79 townhomes built by Toll Brothers and 16 acres of preserved open space. Roper St. Francis Healthcare and Daniel Ravenel Sotheby’s International Realty will anchor the office component of the development. South Island Market is expected to open in spring 2027. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hollywood-Beach-retail
FloridaInvestment salesNews

Marcus & Millichap Brokers $4.1 Million Sale of Retail Property in Hollywood, Florida

by Abby Cox

Hollywood, Fla. — Marcus & Millichap has brokered the $4.1 million sale of a 2,800-square-foot retail property located along the Hollywood Beach boardwalk in South Florida’s Broward County. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, a private South Florida-based investment group. The two-tenant retail property is fully leased to Fat Tuesday and Hollywood Beach Trikke, which has operated at the site since 2009.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sunset-West
FloridaInvestment salesNews

Gazit Horizons Acquires 73,072-Square-Foot Sunset West Shopping Center in Miami

by Abby Cox

Miami — Miami-based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and SW. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery …

Continue Reading
0 FacebookTwitterLinkedinEmail
marathea-plaza
Investment salesNewsNorth Carolina

Lucern Capital Partners Acquires Marathea Plaza in Mooresville, North Carolina, for $6.3 Million

by Abby Cox

Mooresville, N.C. — Red Bank, New Jersey-based Lucern Capital Partners has acquired Marathea Plaza, a 33,600-square-foot retail center located at 2785 Charlotte Highway in Mooresville, for $6.3 million. Tenants at the center include Papa John’s Pizza, Jackson Hewitt, Huang’s Chef and Bambini Italian Restaurant. The property spans roughly 4.5 acres.

Continue Reading
0 FacebookTwitterLinkedinEmail
bridgewater-commons
LeasingNew JerseyNews

PRCP Signs Leases with Four New Tenants at Bridgewater Commons in New Jersey

by Abby Cox

Bridgewater Township, N.J. — Pacific Retail Capital Partners (PRCP) has signed leases with four new tenants to join Bridgewater Commons, a 1.2 million-square-foot shopping center located in Bridgewater Township, approximately 45 miles southwest of New York City. Anthropologie opened a 9,577-square-foot store in January, while Popeyes opened a 644-square-foot restaurant this month. Ear piercing studio Rowan will debut its new store in the second quarter, along with the reopening of Pandora. An expanded Aerie store will be introduced in the third quarter, while OFFLINE by Aerie will launch in the fourth …

Continue Reading
0 FacebookTwitterLinkedinEmail
Victoria Gardens-Rancho Cucamonga
CaliforniaInvestment salesNews

Partnership Acquires Victoria Gardens Open-Air Mall in Inland Empire for $530 Million, Plans Renovation

by Abby Cox

Rancho Cucamonga, Calif. — Southern California-based firms Redwood West and Panattoni, in partnership with Prime Finance and Prism Places, have acquired Victoria Gardens, a 1.2 million-square-foot lifestyle retail center located in the Inland Empire city of Rancho Cucamonga. New York City-based Brookfield Properties, a subsidiary of Brookfield Corp., sold the open-air mall for $530 million. Ares Real Estate provided debt financing for the transaction. “We see tremendous opportunity with Victoria Gardens,” says John Pomer, co-founder and managing partner at Redwood West, “It is a one-of-a-kind, highly productive asset with deep roots in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts