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JLL Negotiates Sale of 94,550-Square-Foot Shopping Center in Metro Philadelphia

Sewell, N.J. — JLL has negotiated the sale of Mill Pond Village, a 94,550-square-foot shopping center in Sewell, New Jersey. Grocery store ShopRite anchors the property, which was 98 percent leased at the time of sale to other tenants such

…

  • January 20, 2021

JLL Negotiates $9.1 Million Sale of Grocery-Anchored Shopping Center in Orlando

Orlando, Fla. — JLL has negotiated the $9.1 million sale of Southgate Shopping Center, a 144,052-square-foot retail property in Orlando. Aldi anchors the site, which was 92 percent leased at the time of sale to tenants including AutoZone, dd’s Discount’s,

…

  • January 19, 2021

Marcus & Millichap Arranges Sale of 138,445-Square-Foot Retail Property in Vineland, New Jersey

Vineland, N.J. — Marcus & Millichap has arranged the sale of Maintree Shopping Center, a 138,445-square-foot retail property located in the Southern New Jersey city of Vineland. The asset sold for $13.1 million. A 60,000-square-foot Acme grocery store anchors the

…

  • January 15, 2021

Sterling Organization Acquires 94,550-Square-Foot Grocery-Anchored Retail Center in Sewell, New Jersey

Sewell, N.J. — Sterling Organization, a Florida-based private equity firm, has acquired Mill Pond Village, a 94,550-square-foot, grocery-anchored retail center located in the Southern New Jersey community of Sewell. ShopRite is the anchor grocer at the center, which is located

…

  • January 14, 2021

Aldi to Open 21,000-Square-Foot Grocery Store at Dartmouth Mall in Massachusetts

Dartmouth, Mass. — German discount grocer Aldi will open a 21,000-square-foot store at Dartmouth Mall in southeastern Massachusetts in the fourth quarter. Aldi will backfill a space previously occupied by Sears and will join Burlington, Old Navy, H&M and Five

…

  • January 12, 2021

Slate Grocery REIT to Acquire Five Grocery-Anchored Properties in Three States for $54.3 Million

Toronto — Slate Grocery REIT has entered into an agreement to acquire five grocery-anchored shopping centers in North Carolina, Florida and Georgia for $54.3 million. The five assets comprise 396,471 square feet and were 95 percent leased at the time

…

  • January 11, 2021

Dunton Commercial Acquires Belmont Square Retail Center in Colorado for $6 Million

Pueblo, Colo. — Greenwood Village, Colorado-based Dunton Commercial has purchased Belmont Square, a grocery-anchored shopping center located in Pueblo, approximately 44 miles south of Colorado Springs, Colorado. Belmont Square LLC sold the asset for $6 million. Situated on 11 acres

…

  • January 8, 2021

Dolan Associates Sells 115,380-Square-Foot Retail Center in Naperville, Illinois

Naperville, Ill. — Dolan Associates Ltd. has sold Naperville Plaza, a 115,380-square-foot retail center in Naperville. Northpond Acquisitions LLC acquired the property for an undisclosed price. At the time of sale, the asset was leased to Casey’s Foods, Trader Joe’s,

…

  • January 6, 2021

Hanley Investment Group Negotiates $14.8 Million Sale of Cardenas Markets Grocery Store in Metro Los Angeles

Whittier, Calif. — Hanley Investment Group has negotiated the $14.8 million sale of a new Cardenas Market in Whittier. The store opened in July 2020 and is situated at 11750 Whittier Blvd., 13 miles southeast of downtown Los Angeles. The

…

  • January 5, 2021

Marcus & Millichap Arranges $23.5 Million Sale of Shopping Center in High Point, North Carolina

High Point, N.C. — Marcus & Millichap has arranged the $23.5 million sale of High Point Harris Teeter Center, a 192,548-square-foot shopping center in High Point. The asset was fully leased at the time of sale to tenants including Harris

…

  • January 4, 2021

Crossman & Co. Brokers $15.4 Million Sale of Retail Center Near Orlando

Orange City, Fla. — Crossman & Co. has brokered the $15.4 million sale of Orange City Marketplace, a 172,079-square-foot retail center in Orange City. The property was leased to Orange City Racing & Card Club, Planet Fitness and Dollar General

…

  • January 4, 2021

Palomar Group Arranges $12.3 Million Sale of Grocery-Anchored Center in Walkertown, North Carolina

Walkertown, N.C. — Palomar Group has arranged the $12.3 million sale of Walkertown Commons, an 81,432-sqaure-foot shopping center in Walkertown. Lowes Foods anchors the fully leased property, which was originally built in 2004. Walkertown Commons is located at 5180 Reidsville

…

  • January 4, 2021
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Shopping Center Business and Southeast Real Estate Business hosted "Southeast Retail Investment Outlook — Will Retail Investment Activity Bounce Back in 2021?" A panel of retail experts covered topics like the lending atmosphere,…

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Webinar: Michigan Retail Outlook: How is Michigan’s Retail Sector Responding to COVID-19?

  (Panelists, clockwise from top left) Adam Tiktin, Tiktin Real Estate Investment Services; Rod Castan, Courtelis Company; Lyle Stern, Koniver Stern Group; Philip Rosen, Becker (moderator); Duane Stiller, Woolbright Development. Shopping Center…

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Industry News

  • Net Lease: Commercial Real Estate’s Shining Star
  • Starwood Property Trust Divests of 106,571-Square-Foot Moon Valley Towne Center in Phoenix
  • Black Lion Investment Group Buys Oracle Wetmore Shopping Center in Tucson for $38 Million
  • Target Signs 77,000-Square-Foot Lease with Terra for CentroCity Mixed-Use Development in Miami
  • Phillips Edison Acquires 142,724-Square-Foot West Village Center in Minnesota

Coronavirus News

  • U.S. Division of L’Occitane Files for Chapter 11 Bankruptcy Protection, Plans Store Closures

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  • AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’

  • Indoor Dining Expected to Resume Feb. 1 in Michigan

  • Punch Bowl Social Files for Chapter 11 Bankruptcy

  • Sameday Testing to Open Five COVID-19 Testing Sites at Westfield Shopping Center Locations

Read More COVID-19 News

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