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Miami Gardens
FinanceFloridaNews

MMG Equity Receives $16.8 Million Refinancing for Shopping Center in Miami Gardens

by Julia Sanders

Miami Gardens, Fla. — MMG Equity Partners has received $16.8 million for the refinancing of Miami Gardens Shopping Center, a 117,829-square-foot grocery-anchored shopping center located in Miami Gardens. Chris Drew, Brian Gaswirth and Reid Carleton of JLL Capital Markets secured the financing through Guardian Life Insurance Co. of America on behalf of the borrower. The center was 97 percent occupied at closing by tenants including Presidente Supermarket, Family Dollar, Humana Health, Subway and Amscot.

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LeasingNewsTexas

Weitzman Begins Leasing 40,130-Square-Foot Porter Lake Crossing Retail Project in Katy, Texas

by Julia Sanders

Katy, Texas — Weitzman has begun leasing Porter Lake Crossing, a 40,130-square-foot shopping center under construction in the western Houston suburb of Katy. Cornerstone Development Group is developing the project, which will consist of three multi-tenant buildings and a 6,000-square-foot pad site. Construction of the first building is expected to be complete next fall.

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CaliforniaCompany newsNews

Voyager Group Receives 2021 Gold Maxi Award

by Julia Sanders

San Juan Capistrano, Calif. — Voyager, in partnership with Kemper Development Co., has received a 2021 Gold Maxi award from ICSC for The Bellevue Collection’s “Do Good with Delivery” campaign. The Voyager Group designs brand narratives and creative campaigns for mixed-use, office, retail, hotel and dining developers and leasing teams, such as Alberta Development Partners, Daniels Development Co., DMB Associates, The Irvine Co. and The Mills Corp. Voyager Group clients and projects include 150 Worth Avenue, 1221 Ocean Avenue, The Aesthetic Society, Churchill Management Group, Coca-Cola, Fashion Island, FedEx, Gridiron …

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Alsatian-Oaks
DevelopmentMixed-useNewsTexas

Merit Commercial Real Estate Breaks Ground on $500 Million Alsatian Oaks Master-Planned Community Near San Antonio

by Katie Sloan

Castroville, Texas — Merit Commercial Real Estate has broken ground on Alsatian Oaks, a 435-acre, master-planned community in Castroville, a town adjacent to San Antonio. The project represents an investment of more than $500 million. When complete, Alsatian Oaks will include 950 homes, an amenity center, parks, bike trails and more than 400,000 square feet of restaurants, retail and medical office space. The first phase of development will consist of 233 homes as well as utility systems and a parkway connecting to Highway 90. A construction timeline was not provided. …

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Superstition-Gateway
ArizonaFinanceNews

Keybank Secures $77.1 Million Refinancing for Shopping Center in Mesa, Arizona

by Katie Sloan

Mesa, Ariz. — KeyBank Real Estate Capital has secured the $77.1 million refinancing of Superstition Gateway, a shopping center consisting of 25 single-story buildings in Mesa. Built in 2007, the center is home to tenants including Kohl’s, Bed Bath & Beyond, LA Fitness and AMC Theatres. John Loshbaugh and Robert Ray of KeyBank secured the fixed-rate, CMBS loan on behalf of the borrower, Desert Troon Companies.

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AlabamaInvestment salesNews

JRW Realty Arranges $19 Million Sale of Publix-Anchored Shopping Center in Madison, Alabama

by Katie Sloan

Madison, Ala. — JRW Realty has arranged the $19 million sale of a multi-tenant retail center anchored by Publix Super Markets in Madison. The property was 92 percent leased at the time of sale to tenants including Goodwill and ATI Physical Therapy. The buyer and seller in the transaction were undisclosed.

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Cross-Station
GeorgiaInvestment salesNews

Marcus & Millichap Arranges $9 Million Sale of Food Lion-Anchored Center in Southwest Georgia

by Katie Sloan

Albany, Ga. — Marcus & Millichap has arranged the $9 million sale of Cross Station Shopping Center, a 166,593-square-foot, Food Lion-anchored property located in Albany. David Gant and Lori Schneider of Marcus & Millichap represented the seller and the buyer, both undisclosed limited liability companies, in the transaction. John Leonard of Marcus & Millichap assisted in the closing. Located at 2800 Old Dawson Road, the center was 88.2 percent occupied at the time of sale by tenants including UPS, Ross Dress For Less, Beall’s Outlet, JOANN Fabric and Crafts, Plato’s …

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Christenbury-Village
DevelopmentLeasingNewsNorth Carolina

Lowes Foods Signs 52,000-Square-Foot Lease at Christenbury Village in Concord, North Carolina

by Katie Sloan

Concord, N.C. — Lowes Foods has signed a lease to anchor Christenbury Village, a planned mixed-use development in Concord. Christenbury Investors — an entity affiliated with MPV Properties and Mission Properties — is the developer of the 17-acre project. Lowes Foods will occupy a 52,000-square-foot space within the development, which is set to include two mixed-use buildings featuring approximately 150 multifamily units and about 26,000 square feet of retail space, alongside a 24,000-square-foot medical office building. The developer plans to break ground on Phase I of the project in the …

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Wichester-Center
LeasingMichiganNews

Burlington to Open at Winchester Center in Metro Detroit

by Katie Sloan

Rochester Hills, Mich. — Burlington is set to backfill a 31,059-square-foot space formerly occupied by Stein Mart at Winchester Center in Rochester Hills, about 25 miles north of Detroit. RPT Realty owns the shopping center, which is located at the southwest corner of Rochester and Avon roads. Tjader Gerdom, Michael Murphy and Bill McLeod of Gerdom Realty & Investment represented RPT in the lease transaction.

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Target_Mandeville
LeasingLouisianaNews

Target to Open 58,000-Square-Foot Store at Premier Centre in Mandeville, Louisiana

by Katie Sloan

Mandeville, La. — Target is set to open a 58,000-square-foot store at Premier Centre, a 273,000-square-foot shopping center in Mandeville. The store will occupy a combination of space formerly occupied by Stein Mart and an adjacent space currently occupied by Rack Room Shoes, which will be relocating to another storefront within the center. An additional 13,000 square feet will be built onto the back of the building to accommodate the new tenant. Whole Foods Market anchors Premier Centre, which is 97 percent leased to tenants including Bed Bath & Beyond, …

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