East Lansing, Mich. — Cohen Financial has arranged a $7.7 million CMBS loan for Trowbridge Village Retail Center, a 48,600-square-foot grocery anchored shopping center located adjacent to Michigan State University in East Lansing.
Leawood, Kan. — CBRE has arranged the sale of Park Place Village, a 483,119-square-foot office and retail development located in Leawood, for $126.5 million.
Diamond Bar, Calif. — Foremost Companies has acquired two adjacent shopping centers in Diamond Bar totaling more than 120,000 square feet of leasable commercial space for $23 million.
New York — Marcus & Millichap has arranged the sale of a freestanding, 10,500-square-foot Walgreens located in Queens for $15.7 million.
Muscle Shoals, Ala. — PGM Properties LLC and Coro Realty Advisors LLC will develop a new Publix-anchored shopping center in Muscle Shoals at the former Highland Park Baptist Church site.
Garden City Park, N.Y. — The Blumenfeld Development Group has begun redevelopment on the former Pergament Home Center site in Garden City Park to create a two-level retail building.
New York — CPA:17 – Global, a non-traded managed REIT of New York-based W.P. Carey Inc. (NYSE: WPC), has purchased a portfolio of six Midwestern net lease properties leased to an affiliate of The Bon-Ton Stores Inc. (Bon-Ton) for approximately $88 million.
Trinity, Fla. — The Sembler Company has broken ground on Shoppes at Trinity Lakes, a 65,000-square-foot shopping center located in Trinity.
Fort Worth, Texas — Jeff Johnson will join Trademark Property Co. as senior vice president of development on July 6.
San Bruno, Calif. — Sears has announced the opening of a 4,000-square-foot flagship Connected Solutions location at The Shops at Tanforan in San Bruno.