San Diego — Ed Colson Jr. and Michael Campbell have opened InvestCore Commercial, a boutique investment advisory firm focused on net leased investments. The new office is located at 3910 West Point Loma in San Diego.
Jennings, Mo. — Mid-America Real Estate Corporation’s Investment Sales team has brokered the sale of Plaza on the Boulevard located in the St. Louis community of Jennings. The 149,548-square-foot grocery-anchored center was purchased by Chicago-based Newport Capital Partners for $30.65 million.
New York — Ryan Guheen has joined Brixmor Property Group as senior vice president, redevelopment and strategic leasing.
Bridgeport, Conn. — Cinépolis USA has signed on to open a luxury 12-screen, 1,200-seat hybrid theater at Steelpointe Harbor, a mixed-use development in Bridgeport.
Fayetteville, N.C. — GBT Realty Corp. has acquired a 15-acre site in Fayetteville that will house The Shoppes of Fayetteville.
Cincinnati – Phillips Edison & Co. (PECO) will separate its strategic investment and net lease investment business units from its grocery-anchored shopping center business. The new standalone company will be called PECO Real Estate Partners (PREP).
By Faith Hope Consolo, Douglas Elliman Real Estate
Tysons Corner, Va. — Finmarc Management Inc. and its partners have sold a 40,000-square-foot neighborhood shopping center located in Tysons Corner for $31.1 million.
Grandville, Mich. — The Cooper Commercial Investment Group has brokered the $7.2 million sale of the Rivertown Center, a 60,876-square-foot, multi-tenant retail center in Grandville.
Peoria, Ill. — Cullinan Properties Ltd. has hired Scott Fitzgerald as vice president of leasing and development. Fitzgerald brings 15 years of leasing, development, property management and accounting experience to the Cullinan team.