Leawood, Kan. — Restoration Hardware Holdings Inc. (NYSE: RH) has opened a 56,000-square-foot design gallery at Town Center Plaza in the Kansas City suburb of Leawood.
Mesa, Ariz. — SVN | Desert Commercial Advisors has arranged the $7 million sale of Village Grove Plaza, an 82,373-square-foot shopping center located in Mesa.
Orlando, Fla. — IRC Retail Centers has purchased Phase II of Goldenrod Marketplace, a community shopping center located in Orlando, for $6 million in cash.
Retailers Embracing Mixed-Use Projects, Technology to Reach Their Customers, Says CREW Atlanta Panel
Around Atlanta and the rest of the country, there are few retail developments in the pipeline that aren’t attached to office or residential uses. During CREW Atlanta’s panel discussion titled “The Evolution of Retail,” experts agreed that retailers are embracing mixed-use projects out of necessity.
Chicago — A joint venture between M&R Development and Bucksbaum Retail Properties LLC has broken ground on Addison & Clark, a mixed-use development situated on 2.3 acres across the street from Chicago’s Wrigley Field.
New York City — Westfield will celebrate the grand opening of its World Trade Center location on Tuesday, August 16 in New York City.
By: Terry Richardson, President and COO of Petrie Richardson Ventures
Scottsdale, Ariz. — Cushman & Wakefield has arranged the $47 million sale of Silverstone Marketplace, a newly constructed, 78,000-square-foot shopping center located in Scottsdale.
Homewood, Ill. — A joint venture between Besyata Investment Group and ALTO Real Estate Funds has acquired Washington Park Plaza, a 235,000-square-foot shopping center located in the Chicago suburb of Homewood, for $32 million.
Richardson, Texas — SHOP Cos. has arranged the $23.7 million sale of Eastside, a 67,071-square-foot mixed-use retail and office property located in Richardson.