Chicago — Structured Development has acquired a 40,000-square-foot loft office building in Chicago’s Lincoln Park for an undisclosed price.
Chula Vista, Calif. — Sudberry Properties and Ayres Hotels have broken ground on Millenia Commons, a 131,800-square-foot “lifestyle destination center” and a 135-room Ayres Hotel in the San Diego suburb of Chula Vista.
Acton, Mass. — Atlantic Management has completed the disposition of Powder Mill Plaza, a retail property located roughly 22 miles northwest of Boston in Acton, Massachusetts.
Riverview, Fla. — Batson-Cook Development Co. (BCDC), in a joint venture with Dunphy Properties, has sold Rivercrest Commons, a Publix-anchored shopping center in Riverview, for $21.7 million.
Huber Heights, Ohio — Marcus & Millichap’s Institutional Property Advisors division has arranged the sale of North Heights Plaza shopping center in Huber Heights, a suburb of Dayton.
Yoga studios, like other non-traditional use spaces, can have a positive impact for a center. A popular studio can bring not only revenue from the lease itself, but also increased foot traffic to a center at specific times during the week. However, before yoga customers (or yogis) start their “downward dog” poses, a number of important leases provisions should be reviewed and negotiated first.
Philadelphia — KeyBank Real Estate Capital has provided a $44.7 million refinancing for two buildings in the Art Museum neighborhood of Philadelphia.
Chino, Calif. — Savills Studley has negotiated the sale of Chino Spectrum Towne Center, a 459,969-square-foot shopping center located in Chino.
Tucson, Ariz. — HFF has arranged the $21.5 million sale of Ventana Village, a 110,116-square-foot shopping center located in Tucson, Arizona.
Colorado Springs, Colo. — Vintage Companies has received an $8.8 million refinancing for Rampart Village Center, a five-building retail center totaling 96,296 square feet in Colorado Springs, Colorado.