Thursday, June 5, 2025
Read the Digital Magazines
Subscribe
Author

Alex Tostado

FinanceNewsRetailersTexas

NorthMarq Arranges $28.5 Million Loan for Refinancing of Houston Retail Asset

by Alex Tostado

Houston — NorthMarq has arranged a $28.5 million loan for the refinancing of Champions Forest Plaza, an 187,000-square-foot retail center in Houston. Originally built in the 1960s, the property was 92 percent leased at the time of the loan closing to tenants such as The Container Store, Gap, Ann Taylor, Starbucks and Jos. A. Bank. Matthew Franke, Ray Driver and Michael Borden of NorthMarq arranged the 15-year, fixed-rate loan with a 25-year amortization schedule through OneAmerica, an Indianapolis-based life insurance company. The borrower was Smithco, a locally based developer.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisNewsRetailers

Associated Bank Provides $17.7 Million Loan for Land Acquisition, Construction of Shopping Center Near Chicago

by Alex Tostado

Glenview, Ill. — Associated Bank has provided a $17.7 million loan for the acquisition of land and development of a 62,540-square-foot shopping center in Glenview, about 20 miles northwest of Chicago. Known as Willows Crossing, the multi-tenant center will be located at the southwest corner of Willow and Pfingsten roads. Previously signed leases at the project include Mission BBQ, First Watch Café and an undisclosed 35,000-square-foot grocery tenant. Completion is slated for spring 2021. Daniel Barrins of Associated Bank managed the loan and closing on behalf of the borrower and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersSouth Carolina

Marcus & Millichap Arranges $11.2 Million Sale of Retail Property in Camden, South Carolina

by Alex Tostado

Camden, S.C. — Marcus & Millichap has arranged the $11.2 million sale of River Oaks Shopping Center, a 146,790-square-foot retail property in Camden. The property was leased to eight tenants at the time of sale, including Hobby Lobby, Marshall’s, Big Lots and Five Below. Zach Taylor of Marcus & Millichap’s Taylor McMinn Retail Group represented both the buyer, Center Acquisition Corp., and the seller, BMS Camden Associates LLC, in the transaction. The property was a former K-Mart box that was redeveloped in fourth-quarter 2019. The asset was 99 percent leased …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsOhioRetailers

SRS Arranges $9.6 Million Loan for Ground Lease Acquisition of Home Depot-Occupied Property in Ohio

by Alex Tostado

Cleveland Heights, Ohio — SRS Real Estate Partners has arranged a $9.6 million loan for the ground lease acquisition of a property occupied by Home Depot in Cleveland Heights, just east of Cleveland. Located at 3460 Mayfield Road, the property includes a 132,000-square-foot building and an 18,000-square-foot garden center. The sales price was $13.7 million. Ben Townsend and Matt Marlin of SRS arranged the nonrecourse, 10-year loan at a fixed interest rate of 3.65 percent. A California-based private investor was the borrower. An institutional lender provided the loan, which features …

Continue Reading
0 FacebookTwitterLinkedinEmail
GeorgiaInvestment salesNewsRetailers

Consolidated-Tomoka Purchases Perimeter Place Retail Center in Atlanta for $75.4 Million

by Alex Tostado

Atlanta — Consolidated-Tomoka Land Co. has purchased Perimeter Place, a 269,000-square-foot retail center in Atlanta’s Central Perimeter submarket, for $75.4 million. The property was 80 percent leased at the time of sale to 42 tenants including Ross Dress for Less, Michaels, Fleming’s Prime Steakhouse & Wine Bar, Chipotle, Panera, Outback Steakhouse and Carrabba’s. SuperTarget shadow anchors Perimeter Place, which is located on a 24-acre site less than a mile from Perimeter Mall and 16 miles north of downtown Atlanta. CBRE will manage the property and JLL will lead leasing efforts …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNewsRetailers

Ferber to Develop 250,000-Square-Foot Shopping Center Near Jacksonville

by Alex Tostado

St. Johns, Fla. — The Ferber Co. will develop Durbin Creek Crossing, a 70-acre shopping center in the south Jacksonville suburb of St. Johns. Ferber is scheduled to break ground this summer and expects to deliver the asset by fall 2021. The property will offer 250,000 square feet of retail space across 10 outparcels sized between 0.8 and 2.6 acres. Ferber has signed Aldi to a 19,000-square-foot lease. Other tenants coming to Durbin Creek Crossing include ABC Fine Wine & Spirits, First Florida Credit Union and Tire Kingdom. Nancy Sumner …

Continue Reading
0 FacebookTwitterLinkedinEmail
DelawareDevelopmentGrocery-anchoredNewsRetailers

Sprouts to Open 30,000-Square-Foot Grocery Store in Wilmington, Delaware

by Alex Tostado

Wilmington, Del. — Sprouts Farmers Market will open a 30,000-square-foot grocery store in Wilmington, located approximately 30 miles southwest of Philadelphia. The Arizona-based grocery chain offers organic produce, an expansive bulk foods selections and an extensive vitamin department. Located at 4727 Concord Pike, the new store will bring 140 full- and part-time jobs to the area. The opening is scheduled for March 11.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaConference CoverageEntertainmentFeatures

Entertainment-Based Retail Requires Patience, Creativity, Say EEE Panelists

by Alex Tostado

Los Angeles — In today’s retail environment, adding local food and beverage concepts, entertainment venues and landscaped parks seems like a surefire way to revitalize a dated shopping center. A trickier task is determining how exactly these nontraditional concepts boost the bottom line. A panel of retail owners and service providers weighed in on this topic at France Media’s sixth annual Entertainment Experience Evolution conference at the JW Marriott L.A. Live in Los Angeles last week. “This panel started because I’m a bit of a skeptic as it relates to …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNewsRetailers

Mid-America Negotiates Sale of 177,165-Square-Foot Shopping Center in Oak Brook, Illinois

by Alex Tostado

Oak Brook, Ill. — Mid-America Real Estate Corp. has negotiated the sale of The Shops at Oak Brook Place in suburban Chicago for an undisclosed price. An institutional buyer purchased the 177,165-square-foot shopping center, which is located at the southeast corner of 22nd Street and Midwest Road. Anchor tenants include Nordstrom Rack, T.J. Maxx, Ulta, Old Navy and Nike. Rick Drogosz and Joe Girardi of Mid-America represented the seller, a Canadian real estate investment trust.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentEntertainmentNewsTexas

Topgolf to Anchor 285,000-Square-Foot Cottonwood Creek Market Development in Waco

by Alex Tostado

Waco, Texas — Dallas-based sports entertainment company Topgolf has signed a lease at Cottonwood Creek Market, a 285,000-square-foot entertainment destination in Waco that is scheduled to open this winter. Topgolf joins Cinemark, which will open a 14-screen theater, as the second of three entertainment anchors at Cottonwood Creek Market. Houston-based developer NewQuest Properties commenced site work on the project last summer and is in talks with a bowling and dining concept to potentially serve as the third anchor. Steve Greenberg of The Retail Connection represented Topgolf in the lease negotiations. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts