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The Markets at Town Center
FinanceFloridaGrocery-anchoredInvestment salesNews

Kimco Realty Acquires 254,000-Square-Foot Shopping Mall in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Kimco Realty has acquired The Markets at Town Center, a 254,000-square-foot shopping mall located in Jacksonville, for $108 million. Sprouts Farmers Market anchors the property, which was built in 2008. Other tenants at the center, which was 97 percent leased at the time of sale, include Ulta Beauty, Cooper’s Hawk Winery & Restaurant, Five Below, REI, J. Crew, Ballard Designs, Nordstrom Rack, DXL Big & Tall, Gen Korean BBQ House and Chipotle Mexican Grill. Kimco acquired the property through its Structured Investment Program, which provides mezzanine financing …

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Harbour Lake Plaza
FinanceGrocery-anchoredInvestment salesNewsSouth Carolina

Marcus & Millichap Arranges $8 Million Sale of Retail Center in Metro Charleston

by Abby Cox

Goose Creek, S.C. — Marcus & Millichap has arranged the $8 million sale of Harbour Lake Plaza, a 62,198-square-foot retail center located in Goose Creek, roughly 20 miles outside Charleston. Food Lion anchors the center, which occupies 51 percent of the property. The center was 97 percent leased at the time of sale to tenants including Rent-A-Center, Cricket Wireless and H&R Block. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a private investor, in the transaction. Ani Paulson and Allyssa Paragano of The AP Group procured …

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The-Oaks_Thousand-Oaks-Calif
CaliforniaFinanceNews

Marathon Asset Management Provides $164 Million Acquisition Financing for Shopping Mall in Thousand Oaks, California

by Abby Cox

Thousand Oaks, Calif. — Marathon Asset Management has provided a $164 million mortgage loan for the acquisition of The Oaks, a shopping mall located in Thousand Oaks, roughly 38 miles west of Los Angeles. Stockdale Capital Partners is the borrower. Nordstrom, Dick’s Sporting Goods and AMC Theatres anchor the 1.2 million-square-foot property, which is situated on 85 acres. Other tenants at the center include Apple, Anthropologie, Zara, H&M and Arhaus. Joseph Griffin of Marathon originated the loan. Greg Stampley and Jessica Henning of Eastdil Secured arranged the financing on behalf …

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CaliforniaDevelopmentFinanceNews

BWE Secures $20 Bridge Loan for Outparcel Redevelopment in Merced, California

by Abby Cox

Merced, Calif. — BWE has secured a $20 million bridge loan to finance the redevelopment of an outparcel adjacent to Marketplace at Merced in Merced. Sears formerly occupied the 85,000-square-foot property. The project will include a complete interior renovation, as well as the addition of two pad sites totaling 6,164 square feet. The redevelopment was fully preleased at the time of financing. Tenants at the property will include Ulta Beauty, Five Below, Petco, Rack Room Shoes and Burlington Coat Factory. Mike Guterman of BWE arranged the 30-month loan on behalf …

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ConnecticutFinanceGrocery-anchoredNewsVermont

Cronheim Secures $9 Million Refinancing for Shopping Centers in Vermont, Connecticut

by Abby Cox

Derby, Vt. and Wallingford, Conn. — Cronheim Mortgage has secured two loans totaling $9 million for the refinancing of shopping centers located in Vermont and Connecticut. National Realty & Development Corp. (NRDC) is the borrower. The properties include Shaw’s Plaza in Derby, Vermont, and Kohl’s Plaza in Wallingford, Connecticut. Built in 1968, Shaw’s Plaza totals 80,193 square feet. Shaw’s Supermarket anchors the property. Other tenants at the center include Dollar Tree and Maurice’s. Cronheim arranged a 10-year loan for the property. Kohl’s and Aldi anchor Kohl’s Plaza, which totals 159,600 …

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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 2023 to 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 …

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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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