Sacramento, Calif. — NKF Capital Markets has arranged the sale of Elk Grove Commons, a 241,926-square-foot shopping center in Sacramento.
Coon Rapids And Arden Hills, Minn. — HFF has arranged $25.4 million in acquisition financing for a two-property retail portfolio in suburban Minneapolis.
Aurora, Colo. — Kimco Realty Corp. has unveiled plans for its $14.5 million redevelopment of Village on the Park, a 179,862-square-foot shopping center in Aurora.
Kalamazoo, Mich. — Encore Real Estate Investment Services has arranged the sale of a single-tenant building net-leased to Advance Auto Parts in Kalamazoo.
Columbus, Ohio — Steiner + Associates, L Brands and Georgetown Co., co-developers of Easton Town Center in Columbus, have signed nine new tenants to the $225 million mixed-use center.
— By Sheldon Gross, president and CEO of Sheldon Gross Realty — The future of retail-focused real estate is a hot topic, and has been for quite a while. Everyone seems to have an opinion on the proliferation of big-box chains and the plight both of traditional “Main Street” properties and 1970s-era indoor malls. But there’s another component of the retail real estate spectrum that, to date, has received only limited attention in terms of future prospects. I’m referring to the strip malls that dot the American landscape, typically standing …
Fort Myers, Fla. — Continental Realty Corp. has acquired the Shoppes at Pelican Preserve, a 69,475-square-foot shopping center in the Southeast Florida community of Fort Myers.
New York — Urban Edge Properties has named Chris Weilminster as COO and Don Briggs as president of development.
Winter Park, Fla. — Sterling Organization has sold Center of Winter Park in suburban Orlando to AEW Capital Management for $72.8 million.
Metairie, La. — The Richards family, owners of Clearview Shopping Center in Metairie, has acquired the Sears property located adjacent to the retail center.