Alexandria, Va. — The JCR Cos. has acquired Krispy Korner Shopping Center in Alexandria, located eight miles south of Washington, D.C., for $6.7 million.
There is change, and then there is change. While talk has been rampant for the past couple of years that the industry is evolving in ways never before seen, 2018 seems to be the pinnacle of that momentum, according to many attendees at ICSC’s RECon, taking place May 20 to 23, at the Las Vegas Convention Center.
Whitney Livingston, Senior Vice President, Madison Marquette recently sat down with Retail Insight to discuss what makes consumers tick nowadays. Regardless of consumers’ personal style or brand preferences, Livingston says one thing is clear: the power to keep shoppers in a center lies with the shopping center owner. SCB: What are the most compelling retail trends evolving now? Livingston: According to the National Retail Federation, 42 percent of brands are opening stores, while 43 percent are holding steady and 15 percent are showing net decreases. We take into consideration what brands are …
Westwood Financial Acquires Two Sprouts-Anchored Centers in Metro Atlanta, Phoenix for $66.2 Million
Decatur, Ga. and Chandler, Ariz. — Westwood Financial LLC has acquired two Sprouts-anchored retail centers located in Decatur and Chandler for a combined $66.2 million.
Wheeling, Ill. — The Lynmark Group has broken ground on three new retail tenants at Wheeling Town Center, a mixed-use development in the Chicago suburb of Wheeling.
Manchester, Mo. — Kimco Realty Corp. has sold an 89,305-square-foot retail building occupied by Kohl’s in Manchester, a suburb of St. Louis, for $8.6 million.
Lahaina, Hawaii — CoastWood Capital Group LLC has signed four new tenants to The Outlets of Maui, a 150,000-square-foot, open-air shopping center in Lahaina.
Atlanta — Hines has signed a 21,000-square-foot lease with Forever 21 at Atlantic Station, a mixed-use development in Atlanta.
Hephzibah, Ga. and Cayce, S.C. — Marcus & Millichap has brokered the $13.4 million sale of two properties leased to Walmart Neighborhood Market in Hephzibah and Cayce.
Las Vegas — E-commerce has disrupted the market for retail real estate on a seismic level, but it has not obliterated the need for brick-and-mortar shops.