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Alex Tostado

Fidelis Underway on 200,000-Square-Foot Retail Redevelopment Project at Former Exxon Campus in Houston

by Alex Tostado January 24, 2020

Houston — Fidelis Realty Partners is underway on construction of Brookhollow Marketplace, a 200,000-square-foot retail power center that will be located at the site of the former Exxon campus in Houston. Fidelis acquired the site in 2016 and has now completed demolitions. Located at the corner of Highway 290 and Dacoma Street, Brookhollow Marketplace will house retailers such as Burlington, Michaels, Ross Dress for Less, T.J. Maxx, Ulta, Old Navy, Rack Room Shoes and Five Below. Store openings are slated for this fall. An 80,000-square-foot Floor & Décor is also scheduled to open …

January 24, 2020

Florida Grocery-anchored Investment sales News Retailers

JLL Arranges $39.5 Million Sale of Shopping Center in South Florida

by Alex Tostado January 24, 2020

Royal Palm Beach, Fla. — JLL has arranged the $39.5 million sale of Coral Sky Plaza, a 232,727-square-foot retail center in Royal Palm Beach. BJ’s Wholesale Club anchors the property, which was 96 percent leased at the time of sale to tenants including Ross Dress for Less, buybuy Baby, Bed Bath & Beyond, Five Below, IHOP and Famous Footwear. The property is located at 510-590 State Road 7, 11 miles west of downtown West Palm Beach. The seller was not disclosed, although multiple media outlets report Claion Partners sold the …

January 24, 2020

Grocery-anchored Investment sales New Jersey News Retailers

RPC Real Estate, Merion Realty Partners Sell Larchmont Commons in Metro Philadelphia for $18.2 Million

by Alex Tostado January 24, 2020

Mount Laurel, N.J. — RPC Real Estate and Merion Realty Partners have sold Larchmont Commons, a 128,172-square-foot retail center in Mount Laurel, a suburb of Philadelphia, for $18.2 million. Anchored by ALDI, Planet Fitness and Dollar Tree, the property was 88 percent leased at the time of sale. Other tenants include Hair Cuttery, The UPS Store and Kumon Learning Center. Chris Munley, James Galbally, Jose Cruz and Colin Behr of JLL represented the sellers in the transaction. Ryan Ade of JLL placed a $12.9 million, fixed-rate acquisition loan through an …

January 24, 2020

Indiana Investment sales News Retailers

Regency Properties Purchases 125,582-Square-Foot Shopping Center in Northern Indiana

by Alex Tostado January 24, 2020

Kokomo, Ind. — Regency Properties has acquired Boulevard Crossing Shopping Center in Kokomo, about 60 miles north of Indianapolis. The purchase price and seller were undisclosed. The 125,582-square-foot shopping center is located at 2100 E. Boulevard Crossing St. Anchored by TJ Maxx, the property is also home to Petco, Shoe Carnival, Ulta, Kirkland’s and McAlister’s Deli. Regency currently owns 29 shopping centers in the state of Indiana.

January 24, 2020

Florida Investment sales News Retailers

MMG Equity Partners Acquires Two Shopping Centers in Metro Miami for $12.7 Million

by Alex Tostado January 24, 2020

Miami — MMG Equity Partners has acquired two retail centers in metro Miami for a total of $12.7 million: Naranja Plaza and Lakeside Plaza. Naranja Plaza was purchased for $7.1 million, or $139 per square foot, in an-off market deal. The shopping center spans 51,246 square feet and is situated at 27000-27100 S. Dixie Highway in Homestead, 29 miles southwest of downtown Miami. The Dollar General-anchored asset was built in 1980 and was fully leased at the time of sale. MMG Equity Partners also acquired Westlake Plaza for $5.6 million, …

January 24, 2020

Grocery-anchored Investment sales Massachusetts News Retailers

Crosspoint Associates Buys 81,702-Square-Foot Amherst Shopping Center in Central Massachusetts

by Alex Tostado January 24, 2020

Amherst, Mass. — Metro Boston-based investment firm Crosspoint Associates Inc. has purchased Amherst Shopping Center, an 81,702-square-foot retail asset in the central Massachusetts city of Amherst. Built in 1997 and anchored by Big Y Supermarket and CVS, the property was 97 percent leased at the time of sale. Additional tenants include Dunkin’, Goodwill and Supercuts. Nat Heald and Chris Angelone of JLL represented the undisclosed seller in the transaction. The price was not released.

January 24, 2020

Investment sales News Retailers Texas

JLL Negotiates Sale of 180,522-Square-Foot Marketplace at Towne Center in Metro Dallas

by Alex Tostado January 22, 2020

Mesquite, Texas — JLL has negotiated the sale of Marketplace at Towne Center, a 180,522-square-foot retail center located in the eastern Dallas suburb of Mesquite. Built on 20.5 acres at the corner of U.S. Highway 80 and the Lyndon Johnson Freeway, the property houses tenants such as PetSmart, Ross Dress for Less, Old Navy, Dress Barn, Five Below, Famous Footwear and Applebee’s. Barry Brown, Chris Gerard, Ryan Shore, Aaron Johnson, Ross Crawford and Matthew Wheeler of JLL represented the seller, Ohio-based Retail Value Inc., in the transaction. The buyer was …

January 22, 2020

Illinois Investment sales News Retailers

Jameson Commercial Brokers $21.9 Million Sale of Retail Portfolio in Chicago

by Alex Tostado January 22, 2020

Chicago — Jameson Commercial has brokered the sale of a retail portfolio in Chicago’s South Loop for $21.9 million. The portfolio includes a single-tenant Chick-fil-A, a 7-Eleven gas station and an 8,000-square-foot retail building anchored by Aspen Dental. Mark Kishtow of Jameson represented the seller, GW Properties, as well as the buyer, Park 1 Chicago.

January 22, 2020

Development Entertainment Investment sales Malls News Virginia

VCC Partners, Shamin VCC Acquire Former Macy’s in Virginia, Plan to Redevelop into Sports Complex

by Alex Tostado January 22, 2020

Glen Allen, Va. — VCC Partners LLC and Shamin VCC LLC have acquired a 109,813-square-foot former Macy’s within Virginia Commons Mall in Glen Allen for $2 million. The buyers plan to demolish the existing building and redevelop the nine-acre property into a sports arena that will include indoor event space, basketball courts and seating for 4,500 spectators. Demolition will begin by May. David Kalman of S.L. Nusbaum Realty Co. represented the seller, Impact Investments Group LLC, in the transaction.

January 22, 2020

Development Georgia Malls Mixed-use News Retailers

Elevator City Partners Unveils Plans for $400 Million West End Mall Redevelopment in Atlanta

by Alex Tostado January 21, 2020

Atlanta — Elevator City Partners (ECP) has unveiled plans for its $400 million West End Mall redevelopment project in Atlanta’s historic West End neighborhood. The unveiling of the plans follow months of public and private strategic meetings with community leaders and stakeholders, including nearby historic black colleges Spelman, Morehouse, Clark Atlanta University and Morehouse School of Medicine. The redevelopment of West End Mall will feature retail, restaurants, offices and housing delivered in two phases. The City of Atlanta provided a $2 million predevelopment loan to locally based-ECP to secure the …

January 21, 2020

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