Murrieta, Calif. — Phillips Edison & Co. has purchased Sierra Vista Plaza, a value-add retail center located at 25030-25100 Hancock St. in Murrieta, for an undisclosed price.
New York City — New York City-based Thor Equities and Mexico City-based Thor Urbana are set to open three retail centers in Mexico.
Buford, Ga., and Northport, Ala.— Atlanta-based Watkins Real Estate Group has developed two Publix-anchored neighborhood retail centers in the suburbs of Atlanta and Tuscaloosa, Alabama, totaling more than 126,000 square feet.
Fort Oglethorpe, Ga.— United Properties has acquired Parkway Plaza, a retail center located in Fort Oglethorpe.
Fontana and Montclair, Calif. — Progressive Real Estate Partners has arranged the sale of two retail properties in California’s Inland Empire.
Cookeville, Tenn. — CBL Properties, along with Browning Development Solutions and CHM LLC, has opened The Shoppes at Eagle Point, a power retail center located in Cookeville.
Myrtle Beach, S.C. — Eyzenberg & Co. has secured a $26 million first mortgage bridge loan to replace a $22.6 million construction loan for THEBlvd, a mixed-use property in Myrtle Beach.
El Segundo, Calif.— Meridian Capital Group has secured a $16 million refinancing for The Hub – El Segundo, a retail property located in El Segundo, on behalf of Decron Properties.
Charlotte, N.C.— A joint venture between private equity firms Durational Capital Management LP and The Jordan Company LP have agreed to acquire chicken-and-biscuits chain Bojangles’ Inc. for $593.7 million in an all-cash transaction.
Mooresville, N.C. — Lowe’s Cos. Inc. (NYSE: LOW) has unveiled its plans to close 20 underperforming stores in the United States as part of its ongoing strategic reassessment. Additionally, the company will close 31 Canadian stores.