Willingboro, N.J. — Delco Development LLC has completed the sale of Willingboro Town Center South, a retail shopping center located in Willingboro.
Victorville, Calif. — Marcus & Millichap has arranged the $2.25 million sale of Metropolitan Plaza, a 21,208-square-foot multi-tenant retail center in Victorville.
Burr Ridge, Ill. — Burr Ridge Village Center, operated by Trademark Property Co., is set to undergo a multi-million dollar renovation.
Newark, Calif. —Rouse Properties Inc. (NYSE: RSE), a retail REIT based in New York, has closed a new $135 million first mortgage loan for NewPark Mall, a 1 million-square-foot retail property located in Newark, roughly 25 miles south of Oakland in San Francisco’s East Bay market.
Lexington, Ky. — BC Wood Properties has purchased three Kroger-anchored shopping centers totaling 290,000 square feet for a combined $30.4 million.
Tampa, Fla. — Holliday Fenoglio Fowler (HFF) has arranged the $7.65 million sale of Northwest Plaza, a 46,904-square-foot shopping center located in Tampa’s Citrus Park area; and the $6.7 million sale of Suncoast Crossing, a 29,289-square-foot shopping center located in the Tampa suburb of Odessa.
Las Vegas — Marcus & Millichap has arranged the $2.85 million sale of Tierra Rainbow, an 11,759-square-foot multi-tenant shopping center located in Las Vegas.
Austin, Texas — GroundFloor Development and Prescott Group have announced plans for Saint Elmo, a $120 million mixed-use project set to open in Austin in the first quarter of 2018.
Denton, Texas — Berkadia has arranged $30 million in financing for Denton Center, a 314,157-square-foot retail center located in Denton.
Portland, Ore. — Holliday Fenoglio Fowler (HFF) has arranged $23 million in financing for Timberland Town Center, a 91,901-square-foot retail center anchored by boutique grocer Market of Choice, in Portland.