Finance

Claire's store
Company newsFinanceIllinoisNews

Claire’s Files for Chapter 11 Bankruptcy Again for U.S. Operations, Aims to Close Underperforming Stores

by Abby Cox

Hoffman Estates, Ill. — Claire’s U.S., the operator of Claire’s and Icing stores across the United States, has filed for Chapter 11 bankruptcy protection in Delaware. The jewelry retailer listed both its liabilities and assets between $1 billion to $10 billion. Hoffman Estates-based Claire’s previously filed for Chapter 11 bankruptcy in 2018. Claire’s says that the proceedings will enable the company to immediately commence the monetization process for its assets to maximize value for the business. The retailer is continuing a comprehensive review of strategic alternatives, including discussions with potential …

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FinanceMassachusettsNewsPower centers

Urban Edge Properties Closes $123.6 Million in Financing for 752,000-Square-Foot Shopping Center Near Boston

by Abby Cox

Framingham, Mass. — New York City-based Urban Edge Properties (NYSE: UE) has closed on a $123.6 million interest-only mortgage for a portion of Shoppers’ World, a 752,000-square-foot super regional power center located in Framingham, a western suburb of Boston. The four-year Secured Overnight Financing Rate (SOFR) loan was swapped and converted to a 5.12 percent fixed interest rate. The company then used a portion of the proceeds from the financing to pay off the $90 million outstanding balance on its line of credit with its original 5.48 percent interest rate. …

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Civic Center Plaza
CaliforniaFinanceNews

Gantry Arranges $26 Million Refinancing for Retail Center in Southern California

by Abby Cox

Simi Valley, Calif. — Gantry has arranged a $26 million bridge loan to refinance maturing debt for Civic Center Plaza, a 145,000-square-foot retail center located in Simi Valley, roughly 40 miles northwest of Los Angeles. Situated on 11.5 acres, the property is occupied by Regal IMAX Cinema, Starbucks Coffee, Panda Express, Carl’s Jr., two credit unions, Unleashed by Petco and a new grocer, which is scheduled to open in 2026. Mark Ritchie and Austin Ridge of Gantry represented the borrower, a private real estate operator. Funds managed by affiliates of …

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stephanie mccullough florida retail SRS quote from article
Content PartnersDevelopmentFeaturesFinanceIndustry ContentInvestment salesNet leaseRetailers

Population, Policy Tailwinds Fuel Retail Activity in Florida

by Sarah Daniels

Florida’s nation-leading population growth and its pro-business reputation continue to underpin retail investment and expansion activity. Vacancy rates in the state’s major metros range from 3.1 percent in Miami to 4.6 percent in Jacksonville, all well below their historical averages, according to CoStar. Investment sales in the markets during the first half of 2025 totaled around $2.5 billion, and each market except for Orlando saw an increase in year-over-year sales, CoStar reports. “Whether it’s buyers of retail properties or retailers looking to open up new locations, they’re all descending on …

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Poplar Plaza
DevelopmentFinanceGrocery-anchoredNewsTennessee

JLL Secures $25.1 Million in Refinancing for 350,000-Square-Foot Power Center in Memphis

by Abby Cox

Memphis, Tenn. — JLL Capital Markets has secured $25.1 million in refinancing for Poplar Plaza, a 350,000-square-foot regional power center located near the University of Memphis. Brett Paulsrud, Gregg Shapiro, Amy Lousararian and Michael Schwarze of JLL’s Debt Advisory team arranged the seven-year, fixed-rate loan through Renasant Bank on behalf of the borrower, Finard Properties. The financing will support the interior and exterior renovation of The Angle, a 14,015-square-foot, multi-bay building on the corner of Poplar Avenue and South Highland Street. Kroger, which has operated at Poplar Plaza for more …

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FinanceInvestment salesNew YorkNews

Blue Owl Capital Provides $41.3 Million in Financing for The Shops at Front & York in Brooklyn

by Abby Cox

Brooklyn, N.Y. — Blue Owl Capital has provided $41.3 million in financing for the acquisition of The Shops at Front & York, the 150,000-square-foot retail component of the larger Front & York mixed-use development. Situated in Brooklyn’s DUMBO neighborhood and built in 2021, The Shops at Front & York is anchored by LifeTime Fitness and spans an entire city block. Max Ralby and Jordan Roeschlaub of Newmark secured the single-source, fixed-rate financing on behalf of the borrowers, Namdar Realty Group and Klosed Properties.

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Pinecrest Center
FinanceFloridaNews

MMG Equity Secures $38 Million in Refinancing for Four Retail Centers in South Florida

by Abby Cox

Miami — Miami-based MMG Equity Partners has secured $38 million in refinancing for a four-property retail strip center portfolio located across Miami-Dade County in South Florida. The portfolio totals roughly 128,000 square feet and includes Pinecrest Center, Pinecrest Shoppes, Westlake Plaza and Naranja Plaza, which are all situated along South Dixie Highway or Bird Road. MMG originally purchased the properties between 2018 and 2020 for a combined $28.9 million. Notable tenants within the retail portfolio include Key Foods Supermarket, Sergios Restaurant, Veterinary Emergency Group (VEG), Dollar General, O’Reilly Autoparts, Mister …

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The Galleria at Crystal Run
FinanceNew YorkNews

Pyramid Management Obtains $81 Million in Financing for The Galleria at Crystal Run in Middletown, New York

by Abby Cox

Middletown, N.Y. — Pyramid Management Group has obtained $81 million in financing for The Galleria at Crystal Run, a 1.1 million-square-foot regional shopping center located in Middletown, roughly 42 miles north of New York City. Macy’s, JCPenney and Target anchor the property, which offers more than 100 retail shops, six entertainment venues and 10 onsite restaurants including AMC Theaters, Urban Air Adventure Park, Round1 Bowling & Arcade, 110 Grill and Fuji Japanese Steakhouse. The four-year loan will allow Pyramid to continue reinvesting in the property, including plans for a complete store …

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Kimbal on Main Street
FinanceNewsUtah

Calmwater Capital Provides $22.8 Million Refinancing for Retail Center in Park City, Utah

by Abby Cox

Park City, Utah — El Segundo, California-based Calmwater Capital has provided a $22.8 million bridge loan to refinance Kimball on Main Street, a 25,429-square-foot retail center located within the Historic Old Town area of downtown Park City. Stanton Road Capital was the borrower, while DaJuan Bennett of Calmwater internally represented the firm. Originally built in 1990 and renovated in 2018, the property features seven store fronts, a second-floor event space that serves the Sundance Film Festival and a recently constructed three-story building. Kimball on Main Street is currently 83 percent …

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Safeway at Brandywine Crossing
FinanceGrocery-anchoredMarylandNews

First National Realty Completes Refinancing of 231,036-Square-Foot Power Center in Metro DC

by Abby Cox

Brandywine, Md.  — First National Realty Partners (FNRP) has completed the refinancing of Brandywine Crossing, a 231,036-square-foot regional power center located in Brandywine, approximately 20 miles southeast of Washington, D.C. The four-year loan includes future funding for approved leasing expenses and the facilitation of the release of escrowed funds held by the previous lender. Since acquiring the center in March 2022, FNRP has increased occupancy from 89 percent to 95 percent by securing 12 new leases and six renewals with tenants including Marshalls, Visionworks and Salon Lofts. The firm also secured …

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