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Black Lion Investment Group Buys Oracle Wetmore Shopping Center in Tucson for $38 Million

Tucson, Ariz. — An affiliate of Black Lion Investment Group has acquired Oracle Wetmore, a shopping center in Tucson, from Texas-based Weingarten Realty for $38 million. Located at the corner of Oracle and Wetmore roads, Oracle Wetmore features 150,170 square feet of retail

…

  • February 24, 2021
Moon-Valley-Towne-Centre-Phoenix

Starwood Property Trust Divests of 106,571-Square-Foot Moon Valley Towne Center in Phoenix

Phoenix — Miami-based Starwood Property Trust has completed the sale of Moon Valley Towne Center in Phoenix. An entity formed by Moore, Oklahoma-based BP National City LLC acquired the neighborhood shopping center for an undisclosed price. Situated on 11.4 acres at the southeast

…

  • February 24, 2021

Phillips Edison Acquires 142,724-Square-Foot West Village Center in Minnesota

Chanhassen, Minn. — Phillips Edison & Co. Inc. (PECO) has acquired West Village Center in Chanhassen, about 20 miles southwest of Minneapolis. A 64,643-square-foot Lunds & Byerlys grocery store anchors the 142,724-square-foot shopping center. Other tenants include Party City, TCF

…

  • February 23, 2021

MAG Capital Acquires 14,004-Square-Foot Entertainment Venue in Fayetteville, Arkansas

Fayetteville, Ark. — MAG Capital Partners has acquired a 14,004-square-foot restaurant, brewery and entertainment venue in Fayetteville. The property is operated by JBGB Restaurant and JJ’s Beer Garden & Brewery, and offers an outdoor playground, a stage for live music

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  • February 19, 2021
616-S-B-St-San-Mateo-CA

Nazareth Enterprises Buys Retail Property in Downtown San Mateo for $7.3 Million

San Mateo, Calif. — Nazareth Enterprises has acquired a retail building located at 616 S B St. in San Mateo for $7.3 million. The San Mateo-based company is planning to redevelop the 7,500-square-foot building, which is currently leased by Kelly-Moore Paint, into

…

  • February 19, 2021
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Marcus & Millichap Brokers $1.8 Million Sale of Single-Tenant Retail Property in Indiana

Kendallville, Ind. — Marcus & Millichap has brokered the $1.8 million sale of a single-tenant, net-leased retail property in Kendallville, about 30 miles north of Fort Wayne. The building, located at 510 Fairview Blvd., is occupied by Rural King. The retailer

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  • February 18, 2021

Boulder Group Brokers $3.9 Million Sale of Walgreens-Occupied Property in Skokie, Illinois

Skokie, Ill. — The Boulder Group has brokered the $3.9 million sale of a Walgreens-occupied property in Skokie. The single-tenant, net-leased building is located at 9150 Skokie Blvd and spans 11,837 square feet. The Walgreens lease expires in 2024. Randy

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  • February 17, 2021

Newmark Negotiates $5.2 Million Sale of Shops at Tuscano in Phoenix

Phoenix — Newmark has arranged the sale of Shops at Tuscano, a shopping center located in Phoenix. Shrisha LLC sold the property to TDN Properties for $5.2 million. Located at 7435 W. Lower Buckeye Road, the retail center features 15,938 square feet of

…

  • February 17, 2021

JLL Brokers $16.4 Million Sale of Retail Building Leased to Home Depot in Bloomfield, New Jersey

Bloomfield, N.J. — JLL has brokered the sale of a 128,715-square-foot, single-tenant retail building in the Northern New Jersey community of Bloomfield that is triple-net leased to The Home Depot on a long-term basis. Home Depot has occupied the property, which

…

  • February 15, 2021

Stan Johnson Co. Brokers $4.9 Million Sale of Stafford Crossing Shopping Center in Metro Indianapolis

Plainfield, Ind. — Stan Johnson Co. has brokered the sale of Stafford Crossing in Plainfield for $4.9 million. The 26,000-square-foot shopping center is located at 2230 Stafford Road. It was built in 2007 and sits on nearly four acres. The center

…

  • February 15, 2021

JLL Arranges $33.5 Million Refinancing for Metro Boston Shopping Center

Saugus, Mass. — JLL has arranged a $33.5 million loan for the refinancing of Saugus Plaza Shopping Center, a 208,500-square-foot retail power center in the northern Boston suburb of Saugus. The property spans 16 acres along Route 1 and houses tenants

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  • February 11, 2021

Colliers Arranges $23.5 Million Sale of Whole Foods-Occupied Property in Milwaukee

Milwaukee — The Wisconsin investment services team of Colliers International has arranged the sale of a Whole Foods Market-occupied property in Milwaukee for $23.5 million. The sales price represents a cap rate of 5.5 percent. Located at 2305 N. Prospect Ave.,

…

  • February 11, 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?

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Industry News

  • Net Lease: Commercial Real Estate’s Shining Star
  • Black Lion Investment Group Buys Oracle Wetmore Shopping Center in Tucson for $38 Million
  • Starwood Property Trust Divests of 106,571-Square-Foot Moon Valley Towne Center in Phoenix
  • 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

  • Saucy Brew Works to Open Brewpub, Coffeehouse in Detroit’s Brush Park

  • 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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