Thursday, June 19, 2025
Read the Digital Magazines
Subscribe

News

Willis-Tower-Repositioning
DevelopmentIllinoisMixed-useNews

EQ Office Completes $500 Million Renovation of Willis Tower in Chicago

by Katie Sloan

Chicago — EQ Office, the U.S. office portfolio company wholly owned by Blackstone, has completed its more than $500 million renovation of Chicago’s Willis Tower. The 110-story tower is now certified LEED Platinum and is the largest building in the U.S. to achieve that designation, according to EQ Office. Part of the transformation is Catalog, a 300,000-square-foot retail, dining and entertainment destination at the base of the tower. The name Catalog is a nod to the Sears Roebuck Co. and its printed catalog. Designed by Gensler, Catalog features restaurants such as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Springs-Plaza_Longwood
FinanceFloridaInvestment salesNews

CrossMarc, MCB Acquire Springs Plaza Shopping Center in Metro Orlando for $19.6 Million

by Katie Sloan

Longwood, Fla. — CrossMarc Services and MCB Real Estate have purchased Springs Plaza, a 64,753-square-foot shopping center in Longwood, about 15 miles north of Orlando. Faison Enterprises also provided equity for the $19.6 million acquisition. Casey Rosen and Dennis Carson of CBRE represented the seller, an affiliate of Apollo Global Management, in the transaction. The shopping center was built in 1979 and renovated in 2017. Shadow-anchored by Publix, Springs Plaza’s tenant roster includes Tijuana Flats, golf-themed sports bar Mulligan’s, The Back Porch Longwood, Hurricane Grill & Wings, Woof Gang Bakery & …

Continue Reading
0 FacebookTwitterLinkedinEmail
Point-Mallard_Decatur
AlabamaInvestment salesNews

JRW Realty Brokers Sale of Publix-Anchored Shopping Center in Decatur, Alabama

by Katie Sloan

Decatur, Ala. — JRW Realty has brokered the sale of Point Mallard Centre, a grocery-anchored shopping center in Decatur. Situated near I-65, the property features a 45,600-square-foot Publix store and 16,800 square feet of small shop, restaurants and healthcare tenants. The buyer is an unnamed institutional investor that is actively acquiring net-leased and value-add properties. The seller and sales price were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Country-Squire-Shopping-Center-Fresno-CA-1
CaliforniaInvestment salesNews

Faris Lee Investments Arranges $6.6 Million Sale of Country Squire Shopping Center in Fresno

by Katie Sloan

Fresno, Calif. — Faris Lee Investments has arranged the sale of Country Squire Shopping Center, a three-building retail property in Fresno. A Riverside, California-based private investor acquired the center from a Fresno-based investor for $6.6 million. Both parties requested anonymity. Walgreens, Surf Thru Express Car Wash and Multi-Tenant Shops fully occupy the 27,315-square-foot property. Situated on a total of 4.3 acres, the center is located at 4172, 4140, 4182 N. First St. Sean Cox, Alex Moore and Shaun Riley of Faris Lee Investments represented both parties in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
DelawareDevelopmentLeasingNewsVirginiaWashington DC

Wegmans Opens New 81,300-Square-Foot Grocery Store in Metro D.C., Two More Planned to Open

by Katie Sloan

Washington, D.C. — Wegmans is expanding in metropolitan Washington, D.C. In early May, the grocer opened an 81,300-square-foot store at 150 Stovall St. in Alexandria, Virginia, a store that anchors Stonebridge’s Carlyle Crossing mixed-use development. The Alexandria store opened earlier this month and is the 14th Wegmans in Virginia and 107th nationwide. The grocer also plans to open an 85,000-square-foot store within the Halley Rise development in Reston, Virginia, and an 84,000-square-foot store at the $640 million City Ridge development in northwest Washington, D.C. The City Ridge store will open in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesMassachusettsNewsRhode Island

Wilder, TA Realty Acquire Shopping Center Portfolio in Massachusetts, Rhode Island for $390 Million

by Katie Sloan

Boston — A partnership between Wilder Cos. and TA Realty has acquired a portfolio of nine grocery-anchored shopping centers totaling 729,437 square feet for $390 million. Eight of the properties are located in Massachusetts, and one is located in Rhode Island. At the time of sale, the portfolio was 95 percent leased, with grocers such as Whole Foods Market, Shaw’s, Star Market and Dave’s Fresh Marketplace serving as anchor tenants. Robert Griffin, Geoffrey Millerd, Jonathan Martin, Paul Penman and Mathew Adler of Newmark represented the undisclosed seller and procured the buyer …

Continue Reading
0 FacebookTwitterLinkedinEmail
Village-Moorpark-CA
CaliforniaFinanceNews

Gantry Arranges $24 Million Loan for Refinancing of Southern California Retail Center

by Katie Sloan

Moorpark, Calif. — Gantry has arranged a $24 million bridge loan for the refinancing of Village at Moorpark, a retail center located at 706-790 Los Angeles Ave. in Moorpark. Amazon Fresh, Dover Saddlery and other local, regional and national tenants occupy the 129,000-square-foot property. Mark Ritchie and Austin Ridge of Gantry’s Los Angeles office arranged the financing on behalf of the borrower, a private real estate investor. An investment management platform firm provided the loan, which features earn-out provisions with holdbacks tied to future performance milestones and extensions.

Continue Reading
0 FacebookTwitterLinkedinEmail
Kroger-Wilmington
Investment salesNewsOhio

Cleeman Realty Arranges Sale of 198,085-Square-Foot Retail Center in Wilmington, Ohio

by Katie Sloan

Wilmington, Ohio — Cleeman Realty Group has arranged the off-market sale of Wilmington Plaza, a 198,085-square-foot retail center in Wilmington, Ohio. An undisclosed buyer represented by Jeremy Scheer and David Kaufman of Cleeman purchased the property for $7.9 million. Kroger anchors the center, which was 83 percent leased at the time of sale. “The buyer was attracted to the strong performing anchor tenant, national tenant lineup and upside potential through the lease-up of 33,000 square feet of vacant space,” says Scheer. The seller was also undisclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newmark-Walgreens
Investment salesNewsNorth Carolina

Newmark Arranges $5 Million Sale of Walgreens-Occupied Property in Whiteville, North Carolina

by Katie Sloan

Whiteville, N.C. — Newmark has arranged the $5 million sale of a single-tenant retail property occupied by Walgreens in Whiteville. The 14,820-square-foot building was sold by an undisclosed institutional investor based in Phoenix to Walgreens, which exercised its right of first refusal. Matt Berres, Samer Khalil, Karick Brown and Bert Sanders of Newmark represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
West-Manchester-Town-Center
Investment salesNewsPennsylvania

JLL Brokers Sale of 488,037-Square-Foot Power Center in Southern Pennsylvania

by Katie Sloan

York, Pa. — JLL Capital Markets has brokered the sale of West Manchester Town Center, a 488,037-square-foot power center located in the southern Pennsylvania community of York. Chris Munley, James Galbally and Colin Behr of JLL marketed the property on behalf of the seller, ATR Corinth Partners. A joint venture including Paramount Realty acquired the center for an undisclosed price. Kohl’s, At Home, HomeGoods, Hobby Lobby and Burlington anchor the property, which formerly operated as an enclosed mall before being redeveloped in 2014. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts