Beverly Hills, Calif. — Beverly Hills-based BIG Shopping Centers USA and RED Development have added five retail assets totaling 1.5 million square feet to their recently launched joint venture BIG RED Portfolio LLC.
Tempe, Ariz. — Vestar and AEW Capital Management have partnered to acquire Tempe Marketplace, a 1.3 million-square-foot open-air retail center, for $367 million.
Orlando, Fla. — Holliday Fenoglio Fowler (HFF) has arranged the $21 million sale of Southchase Village, a 229,410-square-foot, grocery-anchored community shopping center in Orlando.
Greensboro, N.C. — Greensboro-based Tanger Factory Outlet Centers Inc. has sold five non-core outlet centers for a total of $150.7 million.
Bradenton, Fla. — CBRE has arranged the sale and financing of two retail centers located in the master-planned community of Lakewood Ranch in Bradenton.
Atlanta — North American Properties (NAP) and CBRE Global Investors have sold Town Center at Atlantic Station in Midtown Atlanta to an institutional investor advised by Hines.
Santa Monica, Calif. — The Macerich Co. (NYSE: MAC) has formed joint ventures to which the company will contribute interests in eight regionals malls totaling roughly $2.3 billion.
Chino Hills, Calif. — Dunhill Partners Inc. has acquired The Shoppes at Chino Hills, a 377,966-square-foot lifestyle center located in the Los Angeles suburb of Chino Hills.
Summerlin, Nev. — Faris Lee Investments has arranged the $51 million sale of a freestanding, 145,000-square-foot single-tenant property triple-net leased to Life Time Fitness in the Las Vegas suburb of Summerlin.
Knoxville, Tenn. — SRS Real Estate Partners has arranged the sale of Windsor Square, a 299,329-square-foot community center located in Knoxville.