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Bernal Plaza
CaliforniaFinanceGrocery-anchoredNews

BISON Partners, PCCP Receive $29 Million in Financing for Bernal Plaza Shopping Center in San Jose, California

by Abby Cox

San Jose, Calif. — A joint venture between Southern California-based BISON Partners and PCCP has received $29 million in financing for the acquisition of Bernal Plaza, a 139,559-square-foot open-air retail center in San Jose. Lucky Supermarket anchors Bernal Plaza, which was 94 percent leased at the time of sale. Other tenants at the property include Ross Dress for Less, Staples, American Barbell Clubs, Starbucks Coffee, McDonald’s, Shell and Nick the Greek. Built in 1999, Bernal Plaza spans roughly 16 acres. Alex Olson, Todd Sugimoto, Lauren Sackler and Danny Ryan of …

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Whitney Ranch
CaliforniaDevelopmentFinanceNews

JLL Arranges $27 Million Construction Loan for 52,200-Square-Foot Retail Center Near Sacramento, California

by Abby Cox

Rocklin, Calif. — JLL Capital Markets has arranged a $27 million construction loan for the development of a 52,200-square-foot neighborhood retail center situated within the master-planned community of Whitney Ranch, roughly 22 miles northeast of Sacramento. Dubbed Whitney Ranch Retail Center, the property will include 35,000 square feet of in-line and standalone retail space, as well as five pad sites totaling 17,200 square feet. Additionally, a 43,000-square-foot Nugget Markets grocer will shadow anchor the retail center. Whitney Ranch Retail Center is currently 60 percent preleased to local, regional and national …

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Architecture and DesignDevelopmentEconomic DevelopmentEntertainmentFeaturesFinanceLeasingMixed-usePower centersRetailersVideosWebinar

Webinar: From Roadblocks to Results: Making Mixed-Use Work in Today’s Market

by Sarah Daniels

The September 17 Shopping Center Business webinar “From Roadblocks to Results: Making Mixed-Use Work in Today’s Market,” hosted by Shopping Center Business and sponsored by KTGY, focused on some of the most dynamic and challenging sectors of retail real estate today: mixed-use developments.  The panelists covered strategies to make these projects work, including the importance of early stakeholder engagement, working with property owners, municipal leaders and community members, as well as ensuring that projects align with local needs and long-term visions.  These retail experts also discussed these key topics and more: Watch this brief webinar …

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Cheyenne Point Plaza
FinanceNevadaNews

RA Centers Arranges $20 Million in Financing for Cheyenne Point Plaza in Las Vegas

by Abby Cox

Las Vegas — RA Centers has arranged $20 million in financing for Cheyenne Point Plaza, a 111,809-square-foot neighborhood center located in Las Vegas. Mariana’s Supermarkets anchors the center, which is fully leased. Other tenants include Dollar General, Intermountain Healthcare, Taco Bell, Panda Express and Subway. Raymond Arjmand and Nader Arjmand of RA secured the financing through JP Morgan.

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Terrison Quinn Newport Beach Retail Real Estate pull quote rev
Content PartnersDevelopmentFeaturesFinanceGrocery-anchoredIndustry ContentInvestment salesLeasingNet leaseRetailers

SoCal Retail Market Fundamentally Strong but Challenged by Space Shortage

by Sarah Daniels

If Calvin Short and Terrison Quinn, managing principals at SRS Real Estate Partners, could sum up the Southern California (SoCal) retail investment sales and leasing environment with one word, it would be “undersupplied.” From an investment standpoint, the region lacks depth in available properties for sale, unlike other parts of the country where there have been leverage shifts in favor of the buyer due to oversupply, says Short, who represents buyers and sellers of retail assets nationwide. That’s particularly true in the net-lease space, which is driving some SoCal-based investors …

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Company newsFinanceIllinoisNews

Pinstripes Closes 10 Locations, Files for Bankruptcy

by Abby Cox

Northbrook, Ill. — Northbrook, Illinois-based Pinstripes Holdings Inc., an entertainment venue known for dining, bowling and bocce, has filed for bankruptcy and closed 10 units. Pinstripes filed for Chapter 11 bankruptcy on Sept. 8 after accumulating a debt of roughly $143 million, as reported by several media sources. After going public in December 2023, Pinstripes is now down to eight operating locations and was delisted from the New York Stock Exchange in March due to financial stress, according to company representatives. The venues that will remain open are located in Bethesda, Maryland; Cleveland, Ohio; …

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FinanceMassachusettsNews

PREIT Receives $56 Million in Financing for Darthmouth Mall in Southeastern Massachusetts

by Abby Cox

Dartmouth, Mass. — PREIT has received a $56 million loan for the financing of Dartmouth Mall, a 671,000-square-foot regional mall in Dartmouth. PREIT used the funds to pay down its First Lien Term loan, which is expected to generate $2.1 million in annual interest savings. The ten-year loan carries a 7.1 percent interest rate for the first five years and matures in October 2035. Dartmouth Mall will add the region’s first Boot Barn to its tenant lineup, along with Locker Room by Lids and Chick-fil-A, which recently joined the center. Additional …

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FinanceFloridaGrocery-anchoredNews

International Finance Provides $13.3 Million Financing for Plant City Crossing in Metro Tampa

by Abby Cox

Plant City, Fla. — International Finance has provided a $13.3 million mortgage for Plant City Crossing, an 85,252-square-foot retail center located in Plant City, roughly 23 miles west of Tampa Bay. The borrower is Fraga Plant LLC, an affiliate of Coral Gables, Florida-based Fraga Properties. Publix anchors the property, which features a mix of additional tenants including Dollar Tree and Burger King.

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The Shoppes at Carlsbad
CaliforniaFinanceInvestment salesNews

Archway Capital Provides $42.9 Million in Financing for Retail Portion of The Shoppes at Carlsbad

by Abby Cox

Carlsbad, Calif. — Archway Capital has provided a $42.9 million loan for the acquisition of a major retail portion of The Shoppes at Carlsbad, a 1.1 million-square-foot regional shopping center located in Carlsbad, roughly 35 miles north of San Diego. The borrower was Los Angeles-based Steerpoint Capital. The portion that was acquired comprises 727,000 square feet and is currently 74 percent occupied with a tenant mix featuring Yard House, The Cheesecake Factory, Hollister, American Eagle Outfitters, Dave & Busters, 24 Hour Fitness and Regal. The anchor tenants at the center, …

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Crossroads at Terrell
FinanceNewsPower centersTexas

BWE Arranges $36 Million in Refinancing for Crossroads at Terrell in Metro Dallas

by Abby Cox

Terrell, Texas — BWE has arranged $36 million in refinancing for Crossroads at Terrell, a 260,877-square-foot power center located in Terrell, roughly 32 miles east of Dallas. Completed between 2022 and 2024 on nearly 30 acres, the center is anchored by Hobby Lobby and Academy Sports + Outdoors. Other tenants include Burke’s Outlet, Marshalls, Petco, Ulta Beauty and Rack Room Shoes. Matt Good of BWE’s Greenville, South Carolina, office originated the fixed-rate loan from a life insurance company lender on behalf of the borrower, a national retail developer.

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