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NewStreet Properties Sells Shopping Center in Omaha for $12.7 Million

Omaha, Neb. — NewStreet Properties has sold the 98,837-square-foot 72nd Crossing Shopping Center in Omaha for $12.7 million. Situated in the 72nd Street Corridor, the property was fully leased at the time of sale to tenants such as Michaels, PetSmart,

…

  • January 21, 2021
  • Published in Investment sales, Nebraska, News, Retailers

Cushman & Wakefield Arranges $5.2 Million Sale of Shoppes at Cortaro Ranch in Tucson

Tuscon, Ariz. — Cushman & Wakefield has negotiated the sale of Shoppes at Cortaro Ranch, a newly constructed retail property located at 5660 W. Cortaro Farms Road in Tucson. Colorado-based Sonoma Heights acquired the asset from Terry Haute, Indiana-based Cortaro

…

  • January 21, 2021
  • Published in Arizona, Investment sales, News, Retailers

Progressive Real Estate Partners Brokers $4.8 Million Sale of Former Food 4 Less Store in Corona, California

Corona, Calif. — Progressive Real Estate Partners has arranged the sale of a former Food 4 Less grocery store located at 109 N. McKinley St. in Corona. Expert Hardware Flooring acquired the property for $4.8 million. The buyer plans to

…

  • January 21, 2021
  • Published in California, Investment sales, News, Retailers

JLL Negotiates Sale of 94,550-Square-Foot Shopping Center in Metro Philadelphia

Sewell, N.J. — JLL has negotiated the sale of Mill Pond Village, a 94,550-square-foot shopping center in Sewell, New Jersey. Grocery store ShopRite anchors the property, which was 98 percent leased at the time of sale to other tenants such

…

  • January 20, 2021
  • Published in Grocery-anchored, Investment sales, New Jersey, News, Retailers

Office Depot Parent Company Rejects Staples’ $2.1 Billion Acquisition Offer

Boca Raton, Fla. — ODP Corp. (Nasdaq: ODP), the parent company of Office Depot, has rejected USR Parent Inc.’s off-market transaction offer to acquire the Boca Raton-based retailer. USR, the parent company of office products retailer Staples and affiliate of

…

  • January 20, 2021
  • Published in Company news, Florida, News, Retailers

Rubenstein Real Estate Acquires 20,000-Square-Foot Office, Retail Building in Kansas City

Kansas City, Mo. — An affiliate of Rubenstein Real Estate, together with an affiliate of Exact Architects, has acquired a 20,000-square-foot office and retail building located at the corner of Linwood and Main streets in Kansas City. At the time

…

  • January 20, 2021
  • Published in Uncategorized

Three Retail Properties in Metro Indianapolis Trade Hands for $10.8 Million

Plainfield, Westfield and Fishers, Ind. — Hanley Investment Group Real Estate Advisors has represented a private investor in the acquisition of three retail properties in metro Indianapolis for $10.8 million. Dylan Mallory of Hanley represented the Bloomington, Indiana-based buyer. In

…

  • January 19, 2021
  • Published in Indiana, Investment sales, News, Retailers

Joyal Capital Management Sells 14-Store Dunkin’ Portfolio in Metro Boston

Canton, Mass. — A subsidiary of Joyal Capital Management (JCM) has sold a portfolio of 14 Dunkin’ stores located throughout the Boston area in a transaction valued at $44 million. The buyer was Northern Management Group, a franchisor of hotel,

…

  • January 19, 2021
  • Published in Investment sales, Massachusetts, News, Restaurants

JLL Negotiates $9.1 Million Sale of Grocery-Anchored Shopping Center in Orlando

Orlando, Fla. — JLL has negotiated the $9.1 million sale of Southgate Shopping Center, a 144,052-square-foot retail property in Orlando. Aldi anchors the site, which was 92 percent leased at the time of sale to tenants including AutoZone, dd’s Discount’s,

…

  • January 19, 2021
  • Published in Florida, Grocery-anchored, Investment sales, News, Retailers

Marcus & Millichap Brokers $6.2 Million Sale of Johnstown Plaza Retail Center in Colorado

Johnstown, Colo. — Marcus & Millichap has arranged the sale of Johnstown Plaza, a shopping center located at 4914 Thompson Parkway in Johnstown. A private developer sold the asset to an undisclosed buyer for $6.2 million. Built in 2017, the

…

  • January 19, 2021
  • Published in Colorado, Investment sales, News, Retailers
Older posts

Industry Content

NRF: Holiday Retail Sales Rose 5.3 Percent to $936.3 Billion in 2022

 Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during 2022’s November-December holiday season rose 5.3 percent year-over-year, reaching $936.3 billion. Though the number fell short…

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Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment…

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Today’s Pricing Strategy is a Mix of Art, Science

There will always be a tug-of-war between retail buyers and sellers — or, really, buyers and sellers of any kind. Both parties want to achieve the best price, but that…

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City of Murrieta: Experiential Leads Retail Expansion in Evolving California City

The City of Murrieta, located in Southern California, has seen explosive growth, leading to expanding retail potential — especially in the experiential arena. The city's retail successes have been based on its…

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Cullinan Properties: Mixed-Use Properties Use Retail to Drive Value

Real estate is densifying across the country, and retail has become an important amenity as people seek to live, work and play all together in mixed-use locations. The pandemic sped up…

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Faris Lee: Abundant Capital, Sales Volume Rise as Investors Pursue Retail

Investment volume, capital and competition in the retail sector have been at unprecedented levels lately, leading to lower cap rates as well as more flexibility than investments in multifamily and…

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The Necessity Retail REIT: Growing a Recession-Resilient, Necessity Retail Portfolio

What does it take to build a $5.2 billion recession-resilient, necessity retail property portfolio? Reporter Nellie Day of Retail Insight explored this topic and more with Jason Slear, Executive Vice…

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NewMark Merrill: Prop Tech Solutions to Retail Challenges

Shopping center developers, owners and managers are using property technology (prop tech) to make sense of a wealth of new, retail-generated data to create an ongoing, positive experience for customers. Sandy Sigal,…

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Industry News

  • Bed Bath & Beyond Announces 87 Additional Store Closures
  • Levin Properties Receives $43.2 Million Refinancing for St. Georges Crossing in Central New Jersey
  • CVS Agrees to Acquire Oak Street Health in $10.6 Billion Deal
  • Grossman Development Group Purchases 261,672-Square-Foot Retail Center Near Boston
  • Hanley Investment Group Brokers $21.2 Million Sale of El Dorado Shopping Center in Long Beach, California

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