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Camp North End
Company newsNewsNorth Carolina

Jamestown Joins Ownership Group at 76-Acre Camp North End Campus in Charlotte

by Abby Cox

Charlotte, N.C. — Jamestown has partnered with existing ownership to recapitalize Camp North End, a 76-acre mixed-use redevelopment project located just north of Charlotte’s Uptown district. The Atlanta-based developer and operator will serve as general partner and lead asset management, leasing, marketing, architecture and development firm for the new joint venture ownership structure. ATCO Properties & Management will remain a partner in the overall development, while Shorenstein Investment Advisors will continue as a partner with Jamestown and ATCO in a portion of the project. Jared Londry of PointBlank Ventures represented …

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Embassy-Plaza
CaliforniaInvestment salesNews

JLL Negotiates $20.3 Million Sale of Embassy Plaza in Los Angeles

by Abby Cox

Los Angeles — JLL Capital Markets has negotiated the $20.3 million sale of Embassy Plaza, a 70,121-square-foot shopping center located in the North Hollywood neighborhood of Los Angeles. Superior Grocers anchors Embassy Plaza, which was 67 percent leased at the time of sale. Other tenants include Starbucks Coffee, T-Mobile and Little Caesars. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL’s Investment Sales and Advisory team represented the buyer, a Los Angeles-based family office, in the transaction.

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Investment salesNew YorkNews

Black Diamond Acquires 2.3 Million-Square-Foot Palisades Center in Metro New York City

by Abby Cox

West Nyack, N.Y. — Affiliated funds of Stamford, Connecticut-based Black Diamond Capital Management have acquired Palisades Center, a 2.3 million-square-foot shopping center in West Nyack, approximately 18 miles north of Manhattan. Black Diamond purchased the property’s underlying debt for $175 million in a foreclosure auction last week, according to the Rockland Business Journal. The previous owner, Pyramid Management Group, defaulted on the $400 million mortgage in early 2020. Syracuse, New York-based Spinoso Real Estate Group will continue serving as the property’s operating partner. As of December 2022, Palisades Center was the …

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Wallingford Fair Shopping Center
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $21.4 Million Sale of Wallingford Fair Shopping Center in Southern Connecticut

by Abby Cox

Wallingford, Conn. — CBRE has arranged the $21.4 million sale of Wallingford Fair Shopping Center, a 115,000-square-foot grocery-anchored center located in Wallingford, approximately 25 miles south of Hartford. ShopRite anchors the property, which also features a self-storage facility and a Petco store. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller, Feldco Development Corp., and procured the buyer, United Hampshire US REIT, in the transaction.

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Central-Aventura
DevelopmentFinanceFloridaMixed-useNews

Ocean Bank Provides $70 Million Construction Loan for Mixed-Use Building in Aventura, Florida

by Abby Cox

Aventura, Fla. — Ocean Bank has provided a $70 million construction loan for Central Aventura, a nine-story mixed-use building located at the corner of Biscayne Boulevard and 209th Street in the Miami suburb of Aventura. Jesus Garcia of Ocean Bank originated the loan on behalf of the borrower, an entity doing business as Central Aventura LLC that is led by Jacobo Cababie Dichi. Central Aventura will comprise 75,270 square feet of retail space on the first three levels, four levels of parking and 63,883 square feet of offices on the …

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Oakview Plaza
DevelopmentFloridaGrocery-anchoredInvestment salesNews

Franklin Street Brokers $6.4 Million Sale of Retail Center in Zephyrhills, Florida

by Abby Cox

Zephyrhills, Florida — Franklin Street has brokered the $6.4 million sale of Oakview Plaza, a 47,000-square-foot retail center located in Zephyrhills, roughly 30 miles northeast of Tampa. Justin Walker, Justin Sturdivant and Dylan Morse of Franklin Street represented the seller, South Florida-based Merrimac Ventures, in the transaction. New York-based New Hyde Park Fruit Corp. was the buyer. Originally built in 1990, the center will undergo façade improvements, parking lot enhancements and lighting updates. The property’s Winn-Dixie store is also being redeveloped into an Aldi that will act as co-anchor to …

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smalls-sliders
ArkansasDevelopmentMissouriNewsRestaurants

Smalls Sliders Signs Four-Unit Franchise Agreement in Arkansas, Missouri

by Abby Cox

Arkansas and Missouri — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop four new units — dubbed Cans — in Northwest Arkansas and Missouri. Brothers Joe and Tim Rheem, along with business partner Johnny Hughes, will own and operate the restaurants. Potential locations include Rogers, Bentonville, Springdale, Fayetteville and Fort Smith, Arkansas, as well as Joplin and Branson, Missouri. Founded in 2019, Smalls Sliders currently has 375 Cans open or under development and is active across 30 states. 

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atlantic-crossings-florida
Company newsFloridaNews

Southeast Centers to Provide Leasing, Management for Atlantic Crossings in Metro Fort Lauderdale, Florida

by Abby Cox

Coral Springs, Fla. — Southeast Centers has been selected to provide leasing and management services for Atlantic Crossings, a 173,680-square-foot shopping center in Coral Springs, approximately 20 miles northwest of Fort Lauderdale. Whole Foods Market and Home Depot anchor the property, which was developed between 1993 and 1998. Additional tenants at the center, which is fully leased, include Crunch Fitness, LensCrafters, PAK Mail Center and Pines Aesthetics. The center is situated on nearly 20 acres and is located adjacent to Coral Square Mall. Southeast Centers’ third-party management and leasing portfolio …

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Costco_Seminole-Towne-Center_Sanford
DevelopmentFloridaGrocery-anchoredNews

Ardent Receives Civic Approval for Costco-Anchored Redevelopment of Metro Orlando Mall

by Abby Cox

Sanford, Fla. — The Ardent Cos. has received approval from the City of Sanford for the redevelopment of Seminole Towne Center, a former shopping mall spanning 1.1 million square feet in metro Orlando. The redevelopment includes construction of a new 164,585-square-foot Costco store on the 76-acre site. Taking the place of the former Macy’s department store, the Costco location will include a gas station, tire center and liquor store. Ardent plans to begin site work and demolition this summer, with the Costco store opening anticipated for second-quarter 2027. Over the …

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1030-1050-Route-46
FinanceGrocery-anchoredNew JerseyNews

JLL Arranged $11.5 Million in Financing for Redevelopment of Retail Center in Clifton, New Jersey

by Abby Cox

Clifton, N.J. — JLL Capital Markets has arranged $11.5 in financing for the acquisition of 1030 — 1050 Route 46, a formerly vacant commercial building that is being redeveloped as a grocery-anchored retail center in Clifton, approximately 12 miles west of New York City. Ryan Carroll, Nazario Paragano and Christian Badalamenti of JLL secured the three-year, floating-rate loan through Fidelity Investments on behalf of the undisclosed borrower. The building, which occupies a 4.3-acre site at the intersection of Route 46 and Route 3, will undergo approximately $1.5 million in capital improvements, …

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