News

biggs-park-mall-redevelopment
NewsNorth Carolina

Carolina Commercial Invests $18 Million to Renovate Biggs Park Mall in Southeastern North Carolina

by Abby Cox

Lumberton, N.C. — Carolina Commercial has broken ground on an $18 million renovation of Biggs Park Mall, a 250,000-square-foot shopping center located in Lumberton, roughly 32 miles south of Fayetteville. In addition to leading the redevelopment, the firm will oversee leasing, asset management and all future daily operations for the property. The redevelopment includes a curated tenant mix and physical upgrades. New retail tenants include T.J. Maxx, Burlington and Five Below, along with several new restaurants. Carolina Commercial is also negotiating new lease extensions with existing retailers Shoe Show, Tomlinson’s, Bath …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentMissouriNews

SimonCRE Purchases 28 Acres to Develop 316,000-Square-Foot Farmington Crossings Retail Center in Southeast Missouri

by Abby Cox

Farmington, Mo. — SimonCRE has purchased roughly 28 acres of land to develop Farmington Crossings, a 316,064-square-foot open-air center located in Farmington, approximately 75 miles southwest of St. Louis. Situated at the gateway to St. Joe State Park, Farmington Crossings will include a 129,000-square-foot national big box retailer, which will be disclosed at a later date, as well as a 55,000-square-foot Academy Sports store. The developer has also secured a lease with Burlington, which is set to join a range of national soft goods retailers ranging in size from 22,000 …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Shops-Park-Algodon-Phoenix-AZ
ArizonaDevelopmentMixed-useNews

Creation Completes Construction of $250 Million Park Algodon Mixed-Use Development in Phoenix

by Abby Cox

Phoenix — Locally based Creation has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix. Spanning 86 acres, Park Algodon includes 1.3 million square feet of Class A industrial space and an adjacent 7-acre mixed-use destination with retail and restaurant space. The first phase of the industrial portion of Park Algodon was developed in partnership with Clarion Partners. The two-phase speculative industrial project includes four buildings, totaling 725,000 square feet, designed to accommodate tenants ranging from …

Continue Reading
0 FacebookTwitterLinkedinEmail
Spruce-Creek-Shoppes_Summerfield
FloridaInvestment salesNews

Colliers Brokers $13.5 Million Sale of Central Florida Retail Center Near The Villages

by Abby Cox

Summerfield, Fla. — Colliers has brokered the $13.5 million sale of Spruce Creek Shoppes, a 42,203-square-foot shopping center located at 17860 S.E. 109th Ave. in Summerfield. The retail center sits within the trade area of The Villages, a master-planned community in Central Florida often cited as the No. 1 retirement destination in America. Tommy Isola, Harry Blyden and Billy Weiser of Colliers represented the seller, an entity doing business as Spruce Creek Holdings, in the transaction. About 80 percent of Spruce Creek Shoppes’ tenancy are restaurant, medical and service-oriented retailers, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Fairmont-Preston-Plaza
Investment salesNewsTexas

JLL Negotiates Sale of 105,869-Square-Foot Shopping Center in Southeast Houston

by Abby Cox

Houston — JLL Capital Markets has arranged the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center located in southeast Houston. Matt Moake of HighStreet Net Lease Group represented the buyer, JKZ Fairmont Preston, in the transaction. Ryan West, John Indelli, Zamar Salas and Max Myers of JLL represented the seller, Mission Shore Management. Built in 1974 and renovated in 2016, Fairmont Preston Plaza is currently 89 percent leased and is anchored by a 24,000-square-foot Cosmic Air trampoline park and a 26,000-square-foot Planet Fitness. Other tenants at the center include Dollar …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hunt-Club
FloridaInvestment salesNews

SRS Real Estate Arranges $5.3 Million Sale of Shoppes at Hunt Club in Metro Orlando

by Abby Cox

Apopka, Fla. — SRS Real Estate Partners has arranged the $5.3 million sale of the Shoppes at Hunt Club, an 8,211-square-foot retail property located in Apopka, approximately 12 miles northwest of Orlando. William Wamble and Patrick Nutt represented the seller, a Florida-based national investor and developer, in the transaction. The 1031 exchange buyer was a Florida-based private investor. Built in 2006 on nearly 1.5 acres, the Shoppes at Hunt Club was fully leased at the time of sale to tenants including Firehouse Subs, Smoothie King, Spectrum and MUV Dispensary.

Continue Reading
0 FacebookTwitterLinkedinEmail
West-Ashley-Shoppes_Charleston
Investment salesNewsSouth Carolina

Ziff Real Estate Partners Acquires Charleston Shopping Center for $22.6 Million

by Abby Cox

Charleston, S.C. — Locally based Ziff Real Estate Partners (ZRP) has acquired West Ashley Shoppes, a 136,327-square-foot shopping center located at 946 Orleans Road in Charleston’s West Ashley neighborhood. Baltimore-based Continental Realty Corp. (CRC) purchased the shopping center from ZRP for approximately $22.6 million via its Continental Realty Fund IV LP investment vehicle. Tom Kolarczyk of JLL represented the seller in the transaction. Situated across from Citadel Mall, West Ashley Shoppes was 90 percent leased at the time of sale to tenants including Ross Dress for Less, Dollar Tree and Cost …

Continue Reading
0 FacebookTwitterLinkedinEmail
Boothel-Plaza
Investment salesMissouriNews

Marcus & Millichap Arranges $7 Million Sale of Bootheel Plaza in Kennett, Missouri

by Abby Cox

Kennett, Mo. — Marcus & Millichap has arranged the $7 million sale of Bootheel Plaza, a 126,193-square-foot shopping center located in Kennett, just three miles east of the Arkansas border. Built in 1973 on roughly 11.3 acres, Bootheel Plaza features 23 retail suites and is anchored by Tractor Supply. Other tenants at the center include Bealls, Dollar Tree, Hibbett Sports, Shoe Sensation, AT&T and AutoZone, according to LoopNet Inc. Austin Sweet, Chris Garavaglia and Alex Perez of Marcus & Millichap’s St. Louis office marketed the property on behalf of the seller …

Continue Reading
0 FacebookTwitterLinkedinEmail
Reisterstown-Shopping-Center
Company newsGrocery-anchoredMarylandNews

Rappaport to Manage Reisterstown Shopping Center in Metro Baltimore

by Abby Cox

Reisterstown, Md. — McLean, Virginia-based Rappaport has been selected to provide leasing and management for Reisterstown Shopping Center, a 160,000-square-foot, grocery-anchored retail center located in Reisterstown, approximately 25 miles north of Baltimore. As part of the assignment, Rappaport will oversee $2 million in property upgrades. Built in 1964, Reisterstown Shopping Center is anchored by a 29,000-square-foot Lidl grocery store and a recently opened 33,000-square-foot Lowe’s Outlet. The center features a mix of additional tenants such as Starbucks Coffee, Chipotle Mexican Grill, Jersey Mike’s, Quickway Japanese Hibachi and Planet Fitness. Reisterstown …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sherwin-Williams-Portfolio
Investment salesMinnesotaNewsNorth DakotaSouth Dakota

Marcus & Millichap Brokers $18.7 Million Sale of Sherwin-Williams Retail Portfolio in Three States

by Abby Cox

Minnesota, North Dakota and South Dakota — Marcus & Millichap has arranged the $18.7 million sale of an 11-property Sherwin-Williams retail portfolio in Minnesota, North Dakota and South Dakota. Dominic Sulo and Jon Ruzicka of Marcus & Millichap represented the Minnesota-based private seller and procured the Michigan-based institutional buyer. The properties are located in Bemidji, Duluth, Fergus Falls, Grand Rapids, and Sartell, Minnesota; Bismarck and Grand Forks, North Dakota; and Sioux Falls, Tea and Watertown, South Dakota. They total approximately 55,590 rentable square feet. Prior to marketing efforts, Marcus & …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts