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Hayden Spiess

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GeorgiaInvestment salesNewsWashington

Lightstone Acquires Outlet Collection Seattle for $82 Million

by Hayden Spiess

Auburn, Wash. — Lightstone has acquired The Outlet Collection Seattle, an enclosed mall located in Auburn, roughly 30 miles south of Seattle. Tenants at the property, which totals 920,000 square feet, include Nordstrom Rack, Burlington, Best Buy, Dave & Busters, Polo Ralph Lauren, Kate Spade, Ulta Beauty, Coach, Nike, Adidas and Michael Kors. The mall was 98 percent occupied at the time of acquisition. Lightstone plans to implement $10 million of capital improvements and tenancy upgrades. Nicholas King, Michele Dawson and Scott Ferguson of FFO Real Estate Advisors will manage outlet …

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North-Point-Village_Alpharetta
GeorgiaInvestment salesNews

Coro Realty Sells Shopping Center in Metro Atlanta for $19 Million

by Hayden Spiess

Alpharetta, Ga. — Coro Realty Advisors has sold North Point Village, a 57,219-square-foot shopping center located in the northern Atlanta suburb of Alpharetta. Mimms Enterprises purchased the property for $19 million. Fred Victor of Atlantic Retail brokered the transaction. Tenants at the center, which is situated on 5.2 acres adjacent to North Point Mall, include Talbots, Kohler and Learning Express.

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Target-Rendering
LeasingNew JerseyNews

Target to Open 75,500-Square-Foot Store at Flemington Marketplace in New Jersey

by Hayden Spiess

Flemington, N.J. — Target will open a 75,500-square-foot store at Flemington Marketplace in Flemington, serving as an anchor tenant at the 239,000-square-foot retail center. Vanessa Kelty of Levin Management Corp. represented the landlord, a client of New York Life Real Estate Investors (NYLREI), in the lease negotiations. Jeff Howard of Ripco Real Estate served as the tenant broker. Target will occupy a former Burlington space at the center. Other tenants at the property include Kohl’s, Michaels, ALDI, Chili’s, Panera Bread, Hallmark, Verizon Wireless, Poke Café, Cold Stone Creamery and Nail Imagine …

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Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 21,298-Square-Foot Retail Center in Metro Dallas

by Hayden Spiess

Lewisville, Texas — Marcus & Millichap has brokered the sale of Lake Vista Center, a 21,298-square-foot retail center located in Lewisville, roughly 25 miles northwest of Dallas. Built in 2007, the property comprises two buildings, Tenants at the center include Lucky Smiles, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff’s Treats, 4Thirteen Kitchen and Sports Bar and Lucky Smoke Shop. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller in the transaction. 

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LeasingNewsOhio

10 New Tenants Sign Leases at Easton Town Center in Columbus, Ohio

by Hayden Spiess

Columbus, Ohio — 10 new tenants have signed leases at Easton Town Center, a retail center located within the 1,300-acre Easton mixed-use development in Columbus. CHANEL Fragrance and Beauty Boutique, David Yurman, Louis Vuitton, Hollister, Mugsy, Bluemercury, Tecovas, Rowan, BoxLunch and Mikey’s Late Night Slice are now open at the property, with gorjana, Faherty, Bar Italia and Altar’d State scheduled to open soon. Diamond Cellar will also expand its footprint at the center. Steiner + Associates manages and leases Easton Town Center. 

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ArizonaDevelopmentNews

Vestar Breaks Ground on $275 Million Shopping Center Development in Metro Phoenix

by Hayden Spiess

Buckeye, Ariz. — Vestar has broken ground on Verrado Marketplace, a $275 million shopping center development in Buckeye, roughly 35 miles outside Phoenix. Situated at the entrance of DMB Associates’ 8,800-acre Verrado master planned community, the shopping center will total 500,000 square feet. Tenants at the development will include ULTA Beauty, Famous Footwear, Buckle, Salt Tacos + Tequila, Bath & Body Works, Shake Shack, Handel’s Ice Cream, Nekter Juice, See’s Candies, Thai Chili, Einstein Bros. Bagels, Tropical Smoothie, Hawaiian Bros., European Wax Center, Zara Nails, Pacific Dental, America’s Best Contacts & …

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Grocery-anchoredInvestment salesNewsPennsylvania

CBRE Arranges Sale of 103,325-Square-Foot Retail Center Near Philadelphia

by Hayden Spiess

North Wales, Pa. — CBRE has arranged the sale of The Shoppes at English Village, a 103,325-square-foot retail center located in North Wales, approximately 25 miles outside Philadelphia. Trader Joe’s anchors the property, which was 95 percent leased at the time of sale. Other tenants at the center include LensCrafters, Athleta, CycleBar, Hallmark, Chopt and Talbots. Nuveen Real Estate acquired the property from Met Life Investment Management for an undisclosed price. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, RJ Mirabile and Michael Pascavis of CBRE represented the seller in …

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FloridaInvestment salesNews

Colliers Brokers $26.4 Million Sale of Shopping Center in Daytona Beach, Florida

by Hayden Spiess

Daytona Beach, Fla. — Colliers has brokered the $26.4 million sale of Volusia Square, a shopping center located in Daytona Beach. Tenants at the property, which was 97.2 percent leased at the time of sale, include Urban Air Adventure Park, Amped Fitness, Ollie’s Bargain Outlet and Restaurant Depot Express. The sale also included three outparcels occupied Buffalo Wild Wings, Arby’s and a multi-tenant building leased to Lenscrafters and CAVA. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Lamar Cos., in the transaction. Mosaic Realty Partners was the buyer. 

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DevelopmentEntertainmentMissouriNews

Cordish Cos. Plans $10 Million Renovation of Kansas City Live! Entertainment Destination

by Hayden Spiess

Kansas City, Mo. — The Cordish Companies has unveiled plans for a $10 million renovation of Kansas City Live!, an entertainment development within the city’s Power & Light District. The project will include updates to existing spaces, as well as the introduction of a new concept. Upgrades at the Kansas City Live! Block will include a new exterior canopy, the addition of ceiling heaters and misters to the open-air venue, new high-definition ribbon boards, enhanced theatrical lighting, expanded group seating areas, fresh landscaping and expanded bar access. Additionally, Pizza Bar will …

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IllinoisInvestment salesNews

Timber Development Co. Acquires Belleville Crossings in Illinois for $6.5 Million

by Hayden Spiess

Belleville, Ill. — Timber Development Co. has acquired Belleville Crossings, a retail center located in Belleville, for $6.5 million. Target, The Home Depot and PetSmart anchor the property, which totals 325,000 square feet and was 60 percent leased at the time of acquisition. Other tenants at the center include Dollar Tree, Maurices, Hibbits Sporting Goods and Famous Footwear. Michael Austry of CBRE represented the seller in the transaction. 

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