Jensen Beach, Fla. — Phillips Edison Grocery Center REIT II Inc. has purchased Ocean Breeze Plaza in Jensen Beach for $14.9 million.
Chicago — Envoy Net Lease Partners LLC has created a new lending program that provides up to 100 percent loan-to-cost financing for developers, retail and restaurant companies involved in ground lease developments, up to $4 million per property.
Naples, Fla. — Barron Collier Cos., The Lutgert Cos. and Madison Marquette have sold Mercato, a mixed-use lifestyle and entertainment centers with over 450,000 square feet of retail and Class A office space in Naples in southwest Florida.
Owings Mills, Md. — The Greysteel Co. has brokered the $31.7 million sale of New Town Village Center, a 117,593-square-foot grocery-anchored shopping center located in Owings Mills.
Springfield, Ohio — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $19.9 million sale of Springfield Commons, a 207,497-square-foot shopping center in Springfield.
Livingston, N.J. — The Village at Livingston in Livingston will be rebranded and renamed The Shoppes at the Livingston Circle.
Paoli, Pa. — HFF has arranged $38.3 million in financing for Paoli Shopping Center, a grocery-anchored retail center in Paoli.
New York — Eastern Consolidated has arranged the sale of the Ridge Street portfolio, three contiguous mixed-use buildings located on New York’s Lower East Side.
New York and Greenwich, Conn. — Avant Capital Partners has originated $6.3 million in bridge loans for two properties in Manhattan and Greenwich.
Long Beach, Calif. – Naree Thai has signed a 10-year lease for 2,343 square feet of retail space in Long Beach.