Albuquerque, N.M. — Phillips Edison & Co. has completed the sale of Juan Tabo Plaza, an institutional-quality shopping center located at 11000 Montgomery Road NE in Albuquerque. Samco Properties purchased the asset for an undisclosed price free and clear of existing debt. Anchored by Walmart Neighborhood Market, Juan Tabo Plaza features 74,393 square feet of institutional-quality retail space in a mix of grocery, hair salon, restaurants, tax preparation and health tenants. The property has been institutionally owned and maintained since the seller acquired the asset in 2014. Chris Gerard, Ryan …
Albuquerque, N.M. — Heslin Holdings has completed the redevelopment of West Central Plaza, a retail center located at 4208 Central Ave. SW in Albuquerque. Retailers at the property are now open for business. The company originally acquired the 150,000-square-foot retail center in 2015 with a large, vacant, single-tenant space. The multimillion-dollar renovation included the division of the largest freestanding building at the property, formerly occupied by Kmart, into two anchor tenant spaces now occupied by Burlington and Conn’s Home Plus. Heslin Holdings also added 17,000 square feet of floor space …
Four Corners Property Trust Buys Outback Steakhouse-Occupied Property in New Mexico for $3.9 Million
Mill Valley, Calif.— Mill Valley, California-based Four Corners Property Trust has purchased a restaurant property located in New Mexico for $3.9 million.
Albuquerque, N.M. — Sapir Real Estate Development has broken ground on the first phase of Snow Heights Promenade, a retail and entertainment project in Albuquerque.
Albuquerque, N.M. — Houlihan-Parnes has arranged a $9.1 million refinancing for Ladera Shopping Center, a 128,712-square-foot shopping center located in Albuquerque.
Albuquerque, N.M. — Q10 Realty Mortgage & Investment Co. has arranged $2.5 million in financing for Alameda Retail Center, a 16,391-square-foot shopping center located in Albuquerque.
Cincinnati — The REIT owns and manages a retail portfolio consisting of 20 grocery-anchored shopping centers totaling approximately 2.3 million square feet.
Rio Rancho, N.M. — The property is currently fully leased to Kmart.
Jacksonville, Fla. – The openings will bring the company’s total nationwide store count to more than 270.
Rio Rancho, N.M. — New Mexico center sold for $2.85 million; Las Vegas site refinanced with $25.8 milllion.