Alcoa, Tenn. — SRS Real Estate Partners has arranged the sale of Hamilton Crossing, a 175,464-square-foot shopping center located in the Knoxville suburb of Alcoa.
— By Martin Zurauskas, Managing Director for nFusion — The perception versus reality of the “demise” of traditional retail has long been disconnected. Much of this disconnect is centered on a misunderstanding of retail’s role in the lives of consumers. Today, the role of retail centers is increasingly based upon giving consumers what they demand — entertainment-focused experiences that they can’t get elsewhere. This goes beyond adding a movie theater or bowling alley. Entertainment finally has a real seat at the table in retail development. So how can developers, owners, and …
Bloomfield Hills, Mich. — The Sherwin-Williams Co. (NYSE: SHW) has agreed to a sale-leaseback transaction with net lease REIT Agree Realty Corp. (NYSE: ADC) for more than 100 retail properties. Agree will pay more than $150 million for the portfolio.
Las Vegas — Bellwether Enterprise Real Estate Capital has closed a $36 million permanent loan for Desert Marketplace, a shopping center located in Las Vegas.
Chesterfield County, Va. —Klein Enterprises has acquired two shopping centers located less than 20 miles southwest of Richmond in Chesterfield County.
Williamsport, Pa. — HFF has arranged the sale of Loyal Plaza, a 293,607-square-foot retail center located in Williamsport, Pennsylvania.
San Diego— A partnership between Seligman Group and Pendulum Property Partners has acquired Liberty Station, a 321,208-square-foot mixed-use center located in San Diego.
Orlando, Fla. — A joint venture between Collett Capital and Long Wharf Capital has acquired a 186,000-square-foot shopping center in Orlando for $26.2 million.
Edwardsville, Ill. — Contegra Construction is underway on a $6 million retail property in Edwardsville near St. Louis.
Taylorsville, Utah — Faris Lee Investments has arranged the sale of two single-tenant retail buildings located within Taylorsville Shopping Center in the Salt Lake City suburb of Taylorsville.