Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II has acquired six grocery-anchored shopping centers located in Florida, Massachusetts, Connecticut, Texas and Nevada.
New York and Los Angeles — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger agreement under which the companies will combine in an all-stock merger to create a diversified global equity REIT with a total capitalization of $17 billion.
Pinecrest, Fla. — Suniland Associates Ltd., an affiliate of Terranova Corp., has sold the 82,000-square-foot Suniland Shopping Center to a Denver-based REIT for $66.5 million.
Rochester, N.Y. — Wilmorite has announced plans to convert The Marketplace Mall, an enclosed regional mall located in Rochester, into an outlet center.
Chattanooga, Tenn. — Goldman Sachs Mortgage Co. has provided a $107 million loan to CBL & Associates Properties Inc. for Hamilton Place Mall, an enclosed regional mall located in Chattanooga.
Irving, Texas — Pierson Retail Advisors (PRA) has arranged the sale of Market Square, a 49,727-square-foot shopping center located in the Dallas suburb of Irving.
Denver, Colo. — Developers Tom and Brooke Gordon have chosen OZ Architecture to design DriveTrain, a mixed-use development to be built in Denver’s RiNo neighborhood.
Bloomfield Hills, Mich. — Bloomfield Hills-based Agree Realty Corp. has acquired a portfolio of 11 net lease retail properties for $79.5 million.
San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $8.57 million sale of Seven Trees Shopping Center, a 150,338-square-foot, Target-anchored shopping center located in San Bernardino.
Houston — Hartman Retail II, a Delaware Statutory Trust, has purchased Mission Bend Shopping Center in Houston for $15.1 million.