Sunday, June 8, 2025
Read the Digital Magazines
Subscribe

News

Naperville-Ill-rendering
DevelopmentGrocery-anchoredIllinoisNews

NewQuest Asia-Pacific Retail to Redevelop 140,892-Square-Foot Shopping Center in Naperville, Illinois

by Hayden Spiess

Naperville, Ill. — NewQuest Asia-Pacific Retail is scheduled to break ground in February on the redevelopment of a former Dominick’s-anchored shopping center in Naperville. The Houston-based developer acquired the 140,892-square-foot property eight months ago in an off-market transaction. The 27-year-old center is 35 percent leased. NewQuest Asia-Pacific Retail specializes in development opportunities in markets with Asian-dense populations. The developer plans to reposition the Naperville shopping center with an Asian focus and incorporate green spaces. To date, roughly 62,000 square feet of leases are in various stages of negotiations, including a commitment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bass-Pro-Shops-Outdoor-World_West-Chester-Ohio
LeasingNewsOhio

Bass Pro Shops to Open 125,000-Square-Foot Outdoor World Store in Metro Cincinnati

by Hayden Spiess

West Chester, Ohio — Bass Pro Shops will open a 125,000-square-foot Outdoor World store in West Chester, roughly 25 miles outside Cincinnati. The retailer will transition to the new location from its existing Bass Pro Shops store in Cincinnati and Cabela’s store in West Chester. Scheduled to open Feb. 21, the store will offer an extended range of outdoor gear. 

Continue Reading
0 FacebookTwitterLinkedinEmail
the-retail-and-parking-at-marina-city
IllinoisInvestment salesNews

JLL Brokers $30 Million Sale of Shopping Destination in Chicago

by Hayden Spiess

Chicago — JLL Capital Markets has brokered the $30 million sale of The Retail and Parking at Marina City, a 146,000-square-foot retail, dining and entertainment complex with structured parking along the Chicago Riverwalk. The property, situated at the base of two condominium buildings, is located in the heart of the city’s River North neighborhood. Architect Bertrand Goldberg designed the property, which has been a popular destination for locals and tourists, in 1958 as a “city within a city.” Retail tenants at the development include Smith & Wollensky, Legal Sea Foods, Yolk, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Smart&Final_Lancaster-Calif
CaliforniaInvestment salesNews

Hanley Arranges Sale of Two Single-Tenant Properties Totaling $11.4 Million in Southern California

by Hayden Spiess

Lancaster, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant properties situated within Antelope Valley Plaza in Lancaster. Individual, private 1031-exchange buyers acquired the properties in separate transactions totaling $11.4 million. Smart & Final Extra! occupies the first building, which comprises 32,000 square feet. Situated on 1.9 acres, the property was built in 1979 and renovated in 2023. Occupied by dd’s Discounts, the second property features 24,000 square feet situated on 1.6 acres. Other tenants at Antelope Valley Plaza include CVS/pharmacy, AT&T Wireless, Supercuts and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Chick-fil-A_Norcross-Ga
GeorgiaInvestment salesNet leaseNewsRestaurants

Ackerman Facilitates Sale of 4,200-Square-Foot Chick-fil-A Ground Lease in Metro Atlanta

by Hayden Spiess

Norcross, Ga. — Ackerman Retail, a division of Ackerman & Co., has facilitated the sale of a 4,200-square-foot absolute triple-net Chick-fil-A ground lease located in Norcross, roughly 20 miles outside Atlanta. Constructed in 1998, the property was renovated in 2018. Sean Patrick of Ackerman Retail represented the seller, an entity doing business as WB Holdings-Jimmy Carter Boulevard, in the transaction. A local private buyer acquired the ground lease. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Manchester-Parkade
ConnecticutInvestment salesNews

Marcus & Millichap Brokers $19.2 Million Sale of Shopping Center in Manchester, Connecticut

by Hayden Spiess

Manchester, Conn. — Marcus & Millichap has brokered the $19.2 million sale of Manchester Parkade, a 302,000-square-foot shopping center located in Manchester, on the eastern outskirts of Hartford. Tenants at the center, which originally opened in 1962, include Dollar Tree, Planet Fitness, Kidzone and the State of Connecticut Department of Children’s Services. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, the estate of Leon Charney, in the transaction. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.

Continue Reading
0 FacebookTwitterLinkedinEmail
UCLA-Research-Park
CaliforniaDevelopmentInvestment salesNews

UCLA Acquires Former Westside Pavilion Mall in Los Angeles for $700 Million, Unveils Plans for Research Park

by Hayden Spiess

Los Angeles — The University of California, Los Angeles (UCLA) has acquired One Westside and Westside Two, located two miles from its Westwood campus in Los Angeles. A joint venture between Hudson Pacific Properties (NYSE: HPP) and Macerich (NYSE: MAC) sold the assets for $700 million.  The 700,000-square-foot property — located at 10800, 10830 and 10850 W. Pico Blvd.— was formerly occupied by Westside Pavilion mall, a city landmark that served as the backdrop for a number of movies and television shows since its opening in 1985. Hudson Pacific and Macerich …

Continue Reading
0 FacebookTwitterLinkedinEmail
Spoerlein-Commons
IllinoisInvestment salesNews

Mid-America Arranges Sale of 41,455-Square-Foot Retail Center in Metro Chicago

by Hayden Spiess

Buffalo Grove, Ill. — Mid-America Real Estate Corp. has arranged the sale of Spoerlein Commons, a 41,455-square-foot retail center located in the Chicago suburb of Buffalo Grove. In addition to medical, wellness, restaurant, retail and service tenants, the property features second-floor office space. Rick Drogosz, Emily Gadomski and George Ghattas of Mid-America represented the institutional seller. CRE Pro was the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceGrocery-anchoredNew JerseyNews

JLL Secures $8.3 Million Refinancing for Jersey Shore Shopping Center

by Hayden Spiess

Barnegat, N.J. — JLL has secured an $8.3 million loan for the refinancing of Barnegat Village Square, a 70,491-square-foot shopping center located in Barnegat on the Jersey Shore. Built in 1998, the property was 97 percent leased at the time of financing. ACME Markets anchors the center. Other tenants include Barnegat Wine & Spirits, China King, AtlantiCare Urgent Care, Marchioni’s, Dazzlz Salon and Burger King. Jim Cadranell and Michael Mataras of JLL arranged the 10-year, fixed-rate loan through Provident Bank on behalf of the borrower, an affiliate of Walters Group.

Continue Reading
0 FacebookTwitterLinkedinEmail
Galt-Ocean-Marketplace_Fort-Lauderdale-Fla
FinanceFloridaGrocery-anchoredNews

CBRE Secures $17 Million Refinancing for Shopping Center in South Florida

by Hayden Spiess

Fort Lauderdale, Fla. — CBRE has secured a $17 million loan for the refinancing of Galt Ocean Marketplace, a 105,589-square-foot shopping center located in Fort Lauderdale. Winn-Dixie anchors the property, which was built in 1988 and was 96 percent occupied at the time of sale. Other tenants at the center include CVS/pharmacy, Holy Cross Hospital and McDonalds. Kitson & Partners acquired the property in 2006. Ahmed and Mackenzie Lampman of CBRE arranged the financing through a regional bank on behalf of the borrower. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts