Thursday, July 10, 2025
Read the Digital Magazines
Subscribe
Author

Alex Tostado

IllinoisInvestment salesNewsRetailers

IRC Retail Centers Sells 80,708-Square-Foot Retail Center in Suburban Chicago

by Alex Tostado

Elk Grove Village, Ill. — IRC Retail Centers LLC has sold Mallard Crossing, an 80,708-square-foot retail center in Elk Grove Village. The sales price was not disclosed. Anchor tenants Aldi, Ross Dress for Less and Dollar Tree have all signed long-term leases within the past year. Located on Meacham Road, the property was recently renovated with a new roof, parking lot and façade. Janice Sellis of JLL represented the seller in the transaction. JLL also procured the buyer, a vehicle sponsored by AmCap Management LLC.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsRetailersVirginia

Hamilton Beach to Close All 160 Kitchen Collection Stores by End of Year

by Alex Tostado

Glen Allen, Va. — Hamilton Beach Brands Holding Co. has announced that it will close all stores of its retail subsidiary, The Kitchen Collection, by the end of the year. Kitchen Collection employs approximately 800 people at 160 stores across 37 states. The company previously closed about 35 underperforming stores in an effort to maintain long-term profitability, but higher operating losses in the first half of 2019 have prompted Hamilton Beach Brands to shutter the chain entirely. “Despite our best efforts to return Kitchen Collection to profitability through footprint consolidation, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew YorkNewsRetailers

NNN Acquisition Group Buys 205,000-Square-Foot Walmart Store in Rochester, New York

by Alex Tostado

Rochester, N.Y. — NNN Acquisition Group LLC, a Texas-based developer, has purchased a 205,000-square-foot retail property leased to Walmart store in Rochester, located approximately 70 miles east of Buffalo. NNN purchased the property for $8.3 million and may redevelop the property following the completion of Walmart’s lease term, which has less than five years remaining. Joshua Pardue of Stan Johnson Co. represented the seller, Urban Edge Properties, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth CarolinaRetailers

First Washington Realty Acquires Shopping Center in Raleigh for $21 Million

by Alex Tostado

Raleigh, N.C. — First Washington Realty has acquired Harvest Plaza, a 99,479-square-foot retail center in Raleigh. The seller and sales price were not disclosed, although Triangle Business Journal reports Capital Partners and York Properties sold the property for $21 million. Walgreens and Planet Fitness anchor the retail center, which is located at 9650 Strickland Road, 10 miles north of downtown Raleigh.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew MexicoNewsRetailers

Phillips Edison Sells 74,393-Square-Foot Juan Tabo Plaza in Albuquerque

by Alex Tostado

Albuquerque, N.M. — Phillips Edison & Co. has completed the sale of Juan Tabo Plaza, an institutional-quality shopping center located at 11000 Montgomery Road NE in Albuquerque. Samco Properties purchased the asset for an undisclosed price free and clear of existing debt. Anchored by Walmart Neighborhood Market, Juan Tabo Plaza features 74,393 square feet of institutional-quality retail space in a mix of grocery, hair salon, restaurants, tax preparation and health tenants. The property has been institutionally owned and maintained since the seller acquired the asset in 2014. Chris Gerard, Ryan …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsOhioRetailers

Anchor Cleveland Negotiates $3.5 Million Sale of Property Formerly Occupied by Kmart in Suburban Cleveland

by Alex Tostado

Seven Hills, Ohio — Anchor Cleveland has negotiated the sale of a 120,000-square-foot property formerly occupied by Kmart in suburban Cleveland for $3.5 million. The 14-acre sale also included vacant land and existing adjacent buildings. Matt Wilson of Anchor Cleveland represented the buyer, Meijer Stores. Florida-based Kin Properties was the seller.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersWisconsin

Next Realty Acquires 17,000-Square-Foot Retail Center in Metro Milwaukee

by Alex Tostado

Delafield, Wis. — An affiliate of Next Realty LLC has acquired Hillside Terrace Shopping Center in Delafield, about 25 miles west of Milwaukee. The purchase price was not disclosed. The 17,000-square-foot retail center is located on Hillside Drive. The property is fully leased to tenants such as Jimmy John’s, Pizza Hut, Stone Creek Coffee and Chris & Co. Salon. This is the seventh acquisition for Next Realty Fund IX LP.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesMinnesotaNewsRetailers

KW Commercial Arranges Sale of 15,310-Square-Foot Retail Center Near St. Cloud, Minnesota

by Alex Tostado

St. Augusta, Minn. — KW Commercial has arranged the sale of Delux Retail Center, a 15,310-square-foot retail center in St. Augusta, near St. Cloud. Snap Fitness and Delux Liquor anchor the property, which is located at 24086 State Highway 15. Matthew Klein and Anthony Passanante of KW Commercial/AMK Properties represented the buyer, MSK Realty LLC. Steve Feneis and Maria Berdan of Granite City Real Estate represented the undisclosed seller.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentInvestment salesNewsRetailersWisconsin

Cypress Equities Acquires 1.2 Million-Square-Foot Bayshore Town Center Near Milwaukee, Plans Repositioning

by Alex Tostado

Glendale, Wis. — Cypress Equities has acquired the 1.2 million-square-foot Bayshore Town Center in Glendale near Milwaukee. The purchase price was not disclosed. Cypress plans to reposition the property into an entertainment, shopping, dining and mixed-use project. Once complete, the re-envisioned center will include new architecture, landscaping and art by local creatives. Plans call for more retailers, restaurants, a select-service hotel, 300 new residential units, Class A office space and coworking space. The park area will be upgraded and include programmed, year-round entertainment. The project will be completed in phases …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsPennsylvaniaRetailers

JLL Negotiates Sale of 74,968-Square-Foot County Line Plaza Retail Center in Philadelphia

by Alex Tostado

Philadelphia — JLL has negotiated the sale of County Line Plaza, a 74,968-square-foot retail center in northeast Philadelphia. Anchored by Big Lots and The Edge Fitness Club, the property was approximately 90 percent leased at the time of sale to tenants such as Integrated Medical Care, Pho Palace, Akira Sushi and DT Nails & Spa. Chris Munley, Jim Galbally and Colin Behr of JLL represented the seller, Slate Property Group, in the transaction. A private investor purchased the asset for an undisclosed price.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts