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Julia Sanders

Town of Addison
DevelopmentNewsTexas

AMLI Residential, Stream Realty Plan $472 Million Transit-Oriented Development in Addison, Texas

by Julia Sanders

Addison, Texas — AMLI Residential and Stream Realty Partners have been named master developers for a $472 million, 18-acre, mixed-use development in Addison, roughly 15 miles north of Dallas. The Town of Addison has been acquiring land for the project since the inception of the DART Light Rail system in 1983 with plans for a transit-oriented development. The project is centered on a DART Silver Line station currently under construction near Addison Circle Park, a 10-acre, master-planned public park. DART has partnered with the Town of Addison through a ground-lease …

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Promenade Bolingbrook
IllinoisInvestment salesNews

M&J Wilkow, Bixby Bridge Capital Acquire 779,000-Square-Foot Promenade Bolingbrook in Suburban Chicago

by Julia Sanders

Bolingbrook, Ill. — M&J Wilkow and Bixby Bridge Capital have acquired The Promenade Bolingbrook in Bolingbrook, about 33 miles from Chicago. The open-air lifestyle center spans 779,000 square feet. Some of the tenants include Macy’s, Bass Pro Shops, Binny’s Beverage Depot, Ulta Beauty and DSW. The shopping center opened in 2007.

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Investment salesNew HampshireNews

RPT Realty Acquires The Crossings in Northern New Hampshire for $104 Million

by Julia Sanders

Portsmouth, N.H. — RPT Realty has acquired The Crossings, a 510,000-square-foot retail power center located near the Massachusetts-New Hampshire border in Portsmouth, for $104 million. The open-air center was 95 percent leased at the time of sale, with grocers Trader Joe’s and Aldi anchoring the property. Other major tenants include Dick’s Sporting Goods, Best Buy, Kohl’s, Five Below, Ulta Beauty, Chipotle Mexican Grill and McDonald’s.

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Watters Creek
Investment salesNewsTexas

JLL Arranges Sale of 458,091-Square-Foot Mixed-Use Center in Metro Dallas

by Julia Sanders

Allen, Texas — JLL Capital Markets has arranged the sale of Watters Creek at Montgomery Farm, a 458,091-square-foot mixed-use property in Allen, about 26 miles from Dallas. Chris Gerard, Ryan Shore, Greyson Fewin and Pauli Kerr of JLL represented the seller, a partnership between PCCP LLC and Trademark Property Co. John Brownlee, Clint Coe, Jack Rohrman and Chad Lisbeth of JLL secured acquisition financing on behalf of the buyer, a partnership comprising Charter Holdings and DuWest Realty. The floating-rate, non-recourse loan was secured through Washington Federal Bank and Texas Capital …

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ConnecticutInvestment salesNews

Colliers Brokers Sale of 175,000-Square-Foot Liberty Rock Shopping Center in Central Connecticut

by Julia Sanders

Milford, Conn. — Colliers has brokered the sale of Liberty Rock Shopping Center, a 175,000-square-foot shopping center in Milford, located in the southern central part of the state. Tenants at Liberty Rock Shopping Center include Ocean State Job Lot, Dollar Tree, Walgreens and Taco Bell. John Cafasso and Ian Hunt of Colliers represented the seller and procured the buyer, a locally based development and investment firm, in the transaction. Both parties requested anonymity.

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Hoffner Commerce
FloridaInvestment salesNews

Marcus & Millichap Brokers $22 Million Sale of Retail Property in Orlando

by Julia Sanders

Orlando, Fla. — Marcus & Millichap has brokered the $22 million sale of Hoffner Commerce Center, a 93,749-square-foot retail property in Orlando. Located at 5449 S. Semoran Blvd., the 53-suite building was 93 percent occupied at the time of sale by tenants including Herbalife, Labcorp and State Farm Auto Insurance. Salim Valiani and Andrew Jaworski of Marcus & Millichap represented the seller, Hoffner Center LLC, and procured the buyer, Arturo Borges of Avanti Way Capital, in the transaction.

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Minges Creek Plaza
Investment salesMichiganNews

NAI Wisinski of West Michigan Arranges Sale of 72,000-Square-Foot Shopping Center in Battle Creek

by Julia Sanders

Battle Creek, Mich. — NAI Wisinski of West Michigan has arranged the sale of Minges Creek Plaza in Battle Creek. The 72,000-square-foot shopping center was fully leased at the time of sale to tenants such as Jo-Ann, Biggby Coffee, Xfinity, Supercuts, Tropical Smoothie Café, The UPS Store and LA Insurance. Jodi Milks of NAI Wisinski represented the seller, which purchased the center in 2013 following a foreclosure and made property improvements. NAI Wisinski will handle property management and leasing for the new owner.

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Temecula Parkway
CaliforniaFaris Lee InvestmentsInvestment salesNews

Faris Lee Investments Negotiates $19.7 Million Acquisition of Value-Add Shopping Center in Temecula, California

by Julia Sanders

Temecula, Calif. — Faris Lee Investments has negotiated the sale of a value-add shopping center located at 32881-32965 Temecula Parkway in Temecula. Centers Dynamic Partners and United Growth acquired the property from Vail Commercial for $19.7 million. Best Buy and Fitness 19 are tenants at the 70,418-square-foot shopping center, which is situated on 7.6 acres. Joe Chichester and Matt Brooks of Faris Lee Investments represented the buyer in the transaction.

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The Crossings
Investment salesNew HampshireNews

JLL Arranges $104 Million Sale of Grocery-Anchored Shopping Center in Southern New Hampshire

by Julia Sanders

Newington, N.H. — JLL Capital Markets has arranged the $104 million sale of The Crossings, a 509,749-square-foot retail center anchored by Trader Joe’s and Aldi in Newington. Dave Monahan, Chris Angelone, Nat Heald, Cameron Pittman and Zach Nitsche of JLL represented the undisclosed seller in the disposition of the property to RPT Realty. The center was 95 percent leased at the time of sale to tenants including Best Buy, Ulta Beauty, Five Below, Kohl’s, Michael’s, Dick’s Sporting Goods, PetSmart, Old Navy, Barnes & Noble, Staples, Regal Cinemas and Chipotle Mexican …

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555 Washington
FloridaInvestment salesNews

East End, BentallGreenOak Sell Mixed-Use Center in Miami Beach for $52.5 Million

by Julia Sanders

Miami Beach, Fla. — A joint venture between East End and BentallGreenOak has sold 555 Washington, a mixed-use property in Miami Beach totaling 65,746 square feet of office and retail space, for $52.5 million. Hermen Rodriguez, Ike Ojala and Matthew McCormack of JLL represented the seller in the disposition of the property to a partnership between Greenmont Group and Davis. Renovated in 2015, 555 Washington offers 44,516 square feet of creative office space, along with 21,230 square feet of ground-floor retail space. The property was 82 percent leased at the …

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