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Hightower Station
FinanceGeorgiaInvestment salesNews

Marcus & Millichap Arranges Sale, Financing of 56,300-Square-Foot Shopping Center in Atlanta

by Abby Cox

Atlanta —Marcus & Millichap has arranged the $8.3 million sale of Hightower Station, a 56,300-square-foot shopping center located in Atlanta. Built in 1989 on 6.3 acres, the center is anchored by Dollar Tree and Atlanta SMART Academy, which occupies 70 percent of the property. There are 14 additional tenants, including Subway and Cricket Wireless. Taylor Abbott and Eric Abbott of Marcus & Millichap represented the seller in the transaction. Salim Valiani and Shujan Valiani secured the buyer, an undisclosed private investor. Additionally, Garrett Fierstein of Marcus & Millichap Capital Corp. …

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party-city
Company newsFinanceLeasingNew YorkNews

A&G to Auction 695 Party City Store Leases

by Abby Cox

New York City — A&G Real Estate Partners has announced plans to auction 695 Party City store leases in 44 states in its capacity as real estate advisor to the retailer. Party City Holdco Inc. (PCHI) first filed for Chapter 11 bankruptcy protection in January 2023 and announced in December 2024 that it would be liquidating and closing all stores. The leases range in size from roughly 7,000 to 46,000 square feet, with the spaces available for immediate occupancy. The bid deadline and auction are scheduled for early February. According …

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Centro-City_Miami
DevelopmentFinanceFloridaMixed-useNews

Terra Receives $291 Million Financing Package for Centro City Mixed-Use Development in Miami

by Hayden Spiess

Miami — Development firm Terra has received a total of $291 million in permanent financing for the recently completed first phase of Centro City, a 38-acre mixed-use development located just west of Miami’s Little Havana neighborhood. Phase I comprises 350,000 square feet of retail space, as well as three eight-story multifamily buildings that house 470 market-rate apartment units. JVP Management issued a $187 million loan for the development’s multifamily component, with Hudson Bay Capital issuing a $104 million loan for the retail portion. The funds will be used to pay off …

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party-city-1
Company newsFinanceNew JerseyNewsTexas

Retailer Bankruptcy Update: Party City to Close All Stores, The Container Store Files for Chapter 11

by Hayden Spiess

Woodcliff Lake, N.J. and Coppell, Texas — In a one-two punch of holiday retail bankruptcy announcements, Party City has issued a formal statement declaring that it will close all its U.S. stores within the coming months, and The Container Store has formally filed for Chapter 11 bankruptcy protection. CNN first reported on Friday, Dec. 20, that Party City, which filed for Chapter 11 bankruptcy protection in January 2023to restructure its debt, will now be liquidating. The New Jersey-based entertainment accessories retailer, which does business as Party City Holdco Inc., said over the weekend that …

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ArizonaFinanceFloridaIllinoisNewsOhioOregon

Pine Tree Secures $247 Million Loan for Shopping Center Portfolio

by Hayden Spiess

Oak Brook, III. —  Pine Tree has received a $247 million loan from New York Life Real Estate Investors for portfolio of six shopping centers located in Florida, Arizona, Oregon and Ohio. Pine Tree acquired the properties earlier this year in partnership with an undisclosed state pension fund for $495 million. The centers include The Fountains in Plantation, Florida (430,000 square feet); Arrowhead Crossing in Phoenix (362,000 square feet); Easton Market (501,000 square feet) and Polaris Towne Center (459,000 square feet) in Columbus, Ohio; Kenwood Square in Cincinnati (424,000 square feet); and Tanasbourne Town Center in Hillsboro, Oregon (300,000 square feet). Tenants at the centers, which were 95 percent leased at the time of financing, include Nordstrom Rack, Ulta Beauty, Target, Dick’s Sporting …

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99-Cents
ArizonaCaliforniaCompany newsFinanceInvestment salesNevadaNewsTexas

Hilco Arranges $168 Million Sale of 99 Cents Portfolio

by Hayden Spiess

Commerce, Calif. — Hilco Real Estate has arranged the $168 million sale of the 99 Cents Only Stores LLC real estate portfolio as part of the retailer’s Chapter 11 bankruptcy proceedings. Founded in 1982, California-based 99 Cents began its liquidation in April 2024, citing rising competition, increased labor costs, challenging logistics and the effects of the COVID-19 pandemic. The portfolio included 44 company-owned properties, as well as 333 store leases and three vacant development parcels. According to Hilco, the portfolio generated significant interest, and 181 asset purchase agreements with non-refundable earnest money deposits …

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FinanceGrocery-anchoredNew JerseyNews

G.S. Wilcox Arranges $12 Million Refinancing for Southern New Jersey Shopping Center

by Hayden Spiess

Mount Holly, N.J. —G.S. Wilcox & Co. has arranged a $12 million loan for the refinancing of Fair Ground Plaza, a 178,532-square-foot shopping center located in Mount Holly in southern New Jersey. The property was 90 percent leased at the time of the financing. Acme Markets anchors the center, and other tenants include Staples, Dollar Tree and Advance Auto Parts. David Fryer of G.S. Wilcox arranged the loan through an undisclosed life insurance company.

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Woodland-Mall_Grand-Rapids-Mich
FinanceMallsMichiganNews

PREIT Secures $80 Million Refinancing for Woodland Mall in Grand Rapids, Michigan

by Hayden Spiess

Grand Rapids, Mich. — PREIT has received an $80 million mortgage for the refinancing of Woodland Mall in Grand Rapids. Tenants at the recently redeveloped property include Von Maur, The Cheesecake Factory, Sephora and Urban Outfitters. According to the company, the refinancing will save PREIT roughly $5 million in interest expense over the life of the loan. JLL arranged the financing through a commercial mortgage-backed security (CMBS) lender. 

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Jonathan Lapat SRS Retail Locations Quote from article
Content PartnersDevelopmentFeaturesFinanceIndustry ContentLeasingMallsPower centersRestaurantsRetailers

Restaurants Execute Expansion Plans with Measured Approaches

by Sarah Daniels

To say that the restaurant industry is sending mixed signals could be the understatement of the year. The National Restaurant Association expected restaurant sales in 2024 to top $1 trillion for the first time ever. But as the year has progressed, the number of operators who anticipated sales growth in the coming months dipped to 28 percent in August from 40 percent in April amid inflation and economic uncertainty, according to the organization’s latest performance index survey. At the same time, the fortunes of the major restaurant segments are largely …

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Crossings-Corona-CA
CaliforniaFinanceNews

Castle & Cooke Secures $140 Million Financing for Crossings at Corona Retail Center in California

by Hayden Spiess

Corona, Calif. — Castle & Cooke has received $140 million in financing for Crossings at Corona, a retail center located in Corona. Delivered in 2005, the property totals 833,995 square feet. Tenants at the property include Marshalls, Kohl’s, HomeGoods, Sportsman’s Warehouse, Burlington and Edward’s Theatre. John Marshall, Spencer Seibring and Nick Englhard of JLL Capital Markets arranged the loan through Deutsche Bank AG. 

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