Gainesville, Ga. — Franklin Street has arranged the $11 million sale of Robson Crossing, a Publix-anchored shopping center located in Gainesville, roughly 40 miles northeast of Atlanta and minutes from Lake Lanier.
Atlanta — Atlanta-based Selig Enterprises Inc. has launched a new division known as Selig Development Corp., whose first development will be a $400 million mixed-use project located at 1105 W. Peachtree St. in Midtown Atlanta.
Falls Church, Va. — Phillips Realty Capital has arranged a $90 million permanent loan for West Broad Residences, a newly built seven-story mixed-use complex in Falls Church, roughly nine miles west of Washington, D.C.
Lee’s Summit, Mo. — The Lee’s Summit City Council has approved the rezoning and preliminary development plan for The Grove at Lee’s Summit, a 1 million-square-foot, mixed-use project in Lee’s Summit, about 20 miles southeast of Kansas City.
Benton Harbor, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairplain Plaza, a 273,254-square-foot shopping center located 50 miles west of Kalamazoo in Benton Harbor.
Oakland, Calif. — A joint venture between Western Avenue Capital and Northstar Enterprise Opportunity Fund I LP has acquired Foothill Square Shopping Center, a 120,000-square-foot retail center located in Oakland.
New York City — NorthMarq Capital has negotiated the $47.5 million refinance of a 250,000-square-foot Macy’s located in the Flushing area of Queens.
New Port Richey, Fla. — KeyBank Real Estate Capital has secured a $13.7 million CMBS loan for Trinity Village Shopping Center, an unanchored, 71,233-square-foot retail property built in 2007 in New Port Richey, a town in the Tampa Bay metro area.
Denver — Unum Life Insurance Company of America has provided a $13 million refinancing for the Denver Dry Goods Building, an 84,495-square-foot retail and office building located in downtown Denver.
Orange, Calif. — Paragon Commercial Group LLC has acquired Rusty Leaf Plaza, a 60,294-square-foot shopping center located roughly 30 miles outside Los Angeles in Orange.