Horseheads, N.Y. — NKF Capital Markets has brokered the sale of Southern Tier Crossing, a retail property located in Horseheads.
Franklin Park, N.J. — Marcus & Millichap has arranged the sale of Somerset Plaza Shopping Center, a retail property located in Franklin Park.
Texas City, Texas — Edifis Group, a Houston-based development and investment firm, will redevelop Palmer Plaza, a 98,816-square-foot shopping center in Texas City, about 40 miles southeast of Houston.
Every year, as RECon approaches, the editors at France Media begin to pre-plan our adventure to Las Vegas by studying the program, event, exhibitors and, of course, the party invitations. We generally have one editor covering the sessions, one covering meetings with potential, current and future clients, and at least one roving editor seeking out stories on the leasing hall floor. Here’s what we are looking to discover at this year’s convention:
SMYRNA, GA. — Halpern Enterprises Inc. has broken ground on the second phase of The Shops at Belmont, a 47,593-square-foot retail center located in Smyrna, roughly 17 miles northwest of downtown Atlanta.
Falmouth, Maine — NKF Capital Markets has arranged the $21 million sale of Falmouth Shopping Center in Falmouth.
PALM COAST, FLA. — Matthews Real Estate Investment Services has arranged the $10.6 million sale of Old Kings Commons, an 84,759-square-foot shopping center in Palm Coast.
La Habra, Calif. — SRS Real Estate Partners has arranged the $4 million sale of The Miracle Day Shopping Center, an 18,468-square-foot strip center in La Habra. Michael Walseth of SRS’ National Net Lease Group arranged the transaction on behalf of the seller, a Los Angeles-based real estate investment firm. The buyer, a Los Angeles-based private investor, acquired the asset through a 1031 exchange.
Lakeland, Tenn. — The Was Group LLC will handle the leasing assignment for The Lake District, a 165-acre mixed-use project in Lakeland, 23 miles northeast of Memphis.
Salt Lake City — Newmark Grubb ACRES, a Utah-based brokerage firm, has arranged the sale of a portfolio of single-tenant retail properties leased to Codale Electric Supply Inc., a Salt Lake City-based distributor of electric, energy and lighting products.