Tuesday, February 4, 2025
Read the Digital Magazines
Subscribe

News

The Shops at Ledgebrook
ConnecticutGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers $14.1 Million Sale of Shopping Center in Winsted, Connecticut

by Abby Cox

Winsted, Conn. — Marcus & Millichap has brokered the $14.1 million sale of The Shops at Ledgebrook located in Winsted, approximately 24 miles southeast of Hartford. Built in 1989, the center totals 105,499 square feet and sits on 14 acres. The property — which is anchored by a 52,704-square-foot Stop & Shop Supermarket — features tenants including Webster Bank, Ledgebrook Spirit Shop, Community Residences Inc., Sophia’s Pizza Restaurant and China Delight. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller, a New York-based private investor and …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceGrocery-anchoredIllinoisNews

JLL Secures $41.7 Million Financing of Shopping Center in Wheaton, Illinois

by Abby Cox

Wheaton, Ill. — JLL Capital Markets has secured a $41.7 million financing of Danada Square West, a 314,819-square-foot grocery anchored shopping center located in Wheaton, roughly 25 miles west of Chicago. DLC Management Corp. is the borrower. Constructed in 1988, the center — which was 92.7 percent leased at the time of sale — is anchored by Jewel-Osco. Other tenants at the property include T.J. Maxx, HomeGoods, Burlington, The Paper Store, Ulta Beauty and Five Below. Scott Aiese, Christopher Knight and Alex Staikos of JLL represented the borrower in arranging …

Continue Reading
0 FacebookTwitterLinkedinEmail
New YorkNews

Nordstrom Rack to Open New Location in Lake Grove, New York

by Abby Cox

Lake Grove, New York — Fashion retailer Nordstrom Inc. will open a new 25,000-square-foot Nordstrom Rack at Smith Haven Plaza on Long Island. Scheduled to open in fall 2025, the store will be situated within the 150,000-square-foot Smith Haven Plaza. Other tenants at the shopping center include Trader Joe’s, Old Navy, Athleta and Ulta Beauty. Breslin Realty Development Corp. and Colin Development LLC, own Smith Haven Plaza.

Continue Reading
0 FacebookTwitterLinkedinEmail
Woodbury Common Premium Outlets
Company newsDevelopmentNewsTennessee

Simon to Develop 325,000-Square-Foot Premium Retail Outlets in Metro Nashville

by Abby Cox

Thompson’s Station, Tenn. — Simon Property Group has entered into an agreement to purchase a development site in metro Nashville with plans to build a luxury shopping and lifestyle destination known as Nashville Premium Outlets. The 325,000-square-foot project will be situated in the southern suburb of Thompson’s Station. “This project represents a significant investment in our town and has the potential to enhance local amenities, create jobs and strengthen our economy,” says Thompson’s Station Mayor Brian Stover. Simon is collaborating with Nashville-based Adventurous Journeys Capital Partners (AJ Capital), a company …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsFinanceNewsTexas

Stratus Obtains $29.8 Million Refinancing Loan for Retail Property in Austin, Texas

by Abby Cox

Austin, Texas — Stratus Properties Inc. has obtained a $29.8 million loan to refinance Lantana Place, a newly-developed retail property located within Stratus’ mixed-use development project in the Barton Creek area of Austin. The new loan matures in February 2029. Lantana Place — which totals 99,379 square feet — is anchored by Moviehouse & Eatery and AC Hotel by Marriott. Additionally, the property features a mix of retail and restaurant tenants including Black Rock Coffee Bar, Cobalt Blue Salon and Orangetheory Fitness, among others.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Home Depot
AlabamaInvestment salesNews

SRS Brokers $7.7 Million Sale of Home Depot Property in Dothan, Alabama

by Abby Cox

Dothan, Ala. — SRS Real Estate Partners has brokered the $7.7 million ground lease sale of a retail property located in Dothan. Built in 2004 and situated on 10.4 acres, The Home Depot occupies a 128,517-square-foot retail store on the site, which is adjacent to Northside Mall. Patrick Luther and Matthew Mousavi of SRS represented the seller, a Texas-based partnership, in the transaction. The buyer was a private investment firm based on the East Coast.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew JerseyNews

Marcus & Millichap Arranges Sale of Retail Center in Middletown Township, New Jersey, for $5.8 Million

by Abby Cox

Middletown Township, N.J. — Marcus & Millichap has arranged the $5.8 million sale of a retail center located in Middletown Township, roughly 44 miles outside New York City. Benjamin Moore Paints anchors the 29,411-square-foot center, which houses 10 tenants and sits on 1.9 acres. Alan Cafiero, Brent Hyldahl and Seth Goldberg of Marcus & Millichap marketed the property on behalf of the undisclosed seller and procured the buyer in the transaction.   

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTexas

STRIVE Arranges Sale of 17,112-Square-Foot Retail Center in Mansfield, Texas

by Abby Cox

Mansfield, Texas — STRIVE has arranged the sale of Village at Broad II, a 17,112-square-foot retail center located in Mansfield, roughly 22 miles southwest of Dallas. The property was fully leased at the time of sale. Hudson Lambert of STRIVE represented the seller, a local developer partnership, and sourced the buyer, a Nebraska-based investor, in the transaction. Additional terms of the sale were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Kruse Commons
Investment salesNewsOhio

Cooper Commercial Brokers $7.1 Million Sale of Retail Property in Solon, Ohio

by Abby Cox

Solon, Ohio — Cooper Commercial Investment Group has brokered the $7.1 million sale of Kruse Commons located in Solon, roughly 20 miles southeast of Cleveland. The two-building retail property, which stands at approximately 26,000 square feet, is anchored by Panera Bread and ice cream shop Mitchell’s Homemade. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investment group based in the Cleveland area. A Midwest-based fund purchased the property at a cap rate of 6.75 percent or $276 per square foot. Kruse Commons was 78 percent leased …

Continue Reading
0 FacebookTwitterLinkedinEmail
Blue Grotto Plaza
FloridaInvestment salesNews

Marcus & Millichap Facilitates $8.4 Million Sale of Retail Center in Miami

by Abby Cox

Miami — Marcus & Millichap has facilitated the $8.4 million sale of Blue Grotto Plaza, an 11,890-square-foot retail center located in Miami. Built in 1973 and renovated in 2023, the multi-tenant property features a mix of service-oriented businesses and food-and-beverage tenants, including 10 retail spaces and 68 parking spaces. Jonathan De La Rosa and Matthew Albregts of Marcus & Millichap marketed the property on behalf of the seller, Minkin Enterprises Inc., and procured the buyer, OMAC Real Estate LLC, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts