Friday, November 29, 2024
Read the Digital Magazines
Subscribe
Author

Katie Sloan

Kroger-Wilmington
Investment salesNewsOhio

Cleeman Realty Arranges Sale of 198,085-Square-Foot Retail Center in Wilmington, Ohio

by Katie Sloan

Wilmington, Ohio — Cleeman Realty Group has arranged the off-market sale of Wilmington Plaza, a 198,085-square-foot retail center in Wilmington, Ohio. An undisclosed buyer represented by Jeremy Scheer and David Kaufman of Cleeman purchased the property for $7.9 million. Kroger anchors the center, which was 83 percent leased at the time of sale. “The buyer was attracted to the strong performing anchor tenant, national tenant lineup and upside potential through the lease-up of 33,000 square feet of vacant space,” says Scheer. The seller was also undisclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newmark-Walgreens
Investment salesNewsNorth Carolina

Newmark Arranges $5 Million Sale of Walgreens-Occupied Property in Whiteville, North Carolina

by Katie Sloan

Whiteville, N.C. — Newmark has arranged the $5 million sale of a single-tenant retail property occupied by Walgreens in Whiteville. The 14,820-square-foot building was sold by an undisclosed institutional investor based in Phoenix to Walgreens, which exercised its right of first refusal. Matt Berres, Samer Khalil, Karick Brown and Bert Sanders of Newmark represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
West-Manchester-Town-Center
Investment salesNewsPennsylvania

JLL Brokers Sale of 488,037-Square-Foot Power Center in Southern Pennsylvania

by Katie Sloan

York, Pa. — JLL Capital Markets has brokered the sale of West Manchester Town Center, a 488,037-square-foot power center located in the southern Pennsylvania community of York. Chris Munley, James Galbally and Colin Behr of JLL marketed the property on behalf of the seller, ATR Corinth Partners. A joint venture including Paramount Realty acquired the center for an undisclosed price. Kohl’s, At Home, HomeGoods, Hobby Lobby and Burlington anchor the property, which formerly operated as an enclosed mall before being redeveloped in 2014. 

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNew YorkNews

Whole Foods Market to Open 54,000-Square-Foot Store in Manhattan’s NoMad Neighborhood

by Katie Sloan

New York City — Whole Foods Market is set to open a 54,000-square-foot store at 63 Madison Ave. in Manhattan’s NoMad neighborhood on June 1. The store will offer 1,000 items local to New York City and the surrounding area, alongside organic, conventional and local produce; a specialty cheese department; full-service seafood and meat counters; a selection of more than 180 craft beers; a prepared foods section; bakery; and wellness and beauty products. The property will also feature on-site dining options including a quick-service Mediterranean restaurant named Za’atar; Nomad 63 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bay-Ridge-Court
IllinoisInvestment salesNews

Hanley Investment Group Arranges Sales of Three Multi-Tenant Retail Centers in Suburban Chicago

by Katie Sloan

Plano, Waukegan and New Lenox, Ill. — Hanley Investment Group Real Estate Advisors has arranged the sales of three multi-tenant retail properties in suburban Chicago for a combined $10 million.  The properties total 76,357 square feet and include Lakewood Springs Commons, a 26,300-square-foot center located at 200-270 Mitchell Drive in Plano; Cedar Center, a 22,370-square-foot property located at 100-196 West Illinois Highway in New Lenox; and Bay Ridge Court, a 27,687-square-foot center located at 422-484 North Green Bay Road in Waukegan.  Dylan Mallory, Jeff Lefko and Bill Asher of Hanley, …

Continue Reading
0 FacebookTwitterLinkedinEmail
La-Centerra
FloridaGeorgiaIllinoisIndianaLeasingNewsPennsylvaniaTennesseeTexas

Poag Shopping Centers Signs 14 New Tenants Across Retail Portfolio

by Katie Sloan

Memphis, Tenn. — Poag Shopping Centers has signed 14 new tenants to properties across its retail portfolio. New tenants include Mayweather Boxing + Fitness, 9292 Korean BBQ and OVME at The Avenue Peachtree City in Peachtree City, Georgia; Nothing Bundt Cakes at The Avenue Viera in Melbourne, Florida; Sola Salon Studios at The Avenue West Cobb in Marietta, Georgia; LensCrafters at Deer Park Town Center in Deer Park, Illinois; The Crack Shack, Nando’s, SkinSpirit and The Shade Store at LaCenterra at Cinco Ranch in Katy, Texas; the Museum of Dream Space …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gateway-Plaza
FloridaInvestment salesNews

JLL Arranges $23.6 Million Sale of 214,489-Square-Foot Open-Air Center in Metro Orlando

by Katie Sloan

Sanford, Fla. — JLL Capital Markets has arranged the $23.6 million sale of Gateway Plaza, a 214,489-square-foot, open-air retail center in Sanford, roughly 20 miles outside Orlando. Brad Peterson and Whitaker Leonhardt of JLL represented the seller, an affiliate of Apollo Global Management, in the disposition of the property to Greenberg Gibbons Commercial Corp. Greenberg acquired the property through its Greenberg Gibbons Real Estate Income Fund, which launched in March 2021 for the strategic acquisition of shopping centers across the East Coast, Southeast and Midwest. Originally developed in 1995, Gateway …

Continue Reading
0 FacebookTwitterLinkedinEmail
ColoradoFinanceNews

Gart Properties Receives $54 Million Refinancing for Four-Property Retail Portfolio

by Katie Sloan

Denver and Fort Collins, Colo. — Gart Properties has received a $54 million refinancing for four retail properties totaling 436,055 square feet in the Denver and Fort Collins metropolitan areas. Eric Tupler of JLL placed the 10-year, fixed-rate, non-recourse loan with a life company on behalf of the borrower. Loan proceeds were used to retire existing debt and to allow Gart to renovate and reposition the centers. The portfolio includes Indian Tree Shopping Center, located at 7705-7739 Wadsworth Blvd. in Arvada; Saddle Rock Village, located at 7400 S. Gartrell Rd. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Village-Boot-Barn
Investment salesLouisianaNews

Woodmont, Criterion Fund Acquire 144,638-Square-Foot Shopping Center in Slidell, Louisiana

by Katie Sloan

Slidell, La. — A partnership between The Woodmont Co. and The Criterion Fund has acquired Village at Northshore, a 144,638-square-foot shopping center located at 105-115 Northshore Blvd. in Slidell. Situated adjacent to I-12, the property was developed in 1988 and renovated in 2020. The retail center’s tenant roster includes Marshalls, JoAnn’s, Ollie’s Bargain Outlet, Boot Barn and Dollar Tree. Shadow anchors include Walmart Supercenter, Sam’s Club, The Home Depot and Aldi. SRS Real Estate Partners represented the seller, RCG Ventures, in the transaction. Woodmont was self-represented. Andy Thelen of Woodmont …

Continue Reading
0 FacebookTwitterLinkedinEmail
Home-Depot
FinanceIllinoisNews

Maverick Commercial Arranges $14 Million in Permanent Financing for Home Depot-Occupied Property in Chicago

by Katie Sloan

Chicago — Maverick Commercial Mortgage Inc. has arranged a $14 million first mortgage loan for a 103,550-square-foot retail property occupied by Home Depot in Chicago’s Chatham neighborhood. Earlier this year, Home Depot signed a new 10-year lease with MG Development LP for the property, which is located at 200 W. 87th St. and includes an exterior garden center. A regional bank provided the 10-year, floating-rate loan, which features a 25-year amortization schedule. Proceeds from the loan paid off the existing lender, provided cash to the borrower and paid for closing costs.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts