Germantown, Tenn. — PEBB Enterprises has signed Ulta Beauty and Verizon Wireless to leases at Germantown Village Square, a retail and office complex, in Germantown, Tennessee.
Lake Elsinore and Vista, Calif. — Faris Lee Investments has arranged the $5.3 million sale of two quick-service restaurants in California through two separate transactions.
Salinas, Calif. — Lee & Associates — North San Diego County has arranged the sale of a retail property located in Salinas.
Over the course of the last decade, we have seen a major evolution in retail real estate. Super regional malls and enclosed shopping centers, which once dominated the landscape, are being replaced by immersive, open-air centers that provide visitors with more than just a place to shop.
Topeka, Kan. — Payless ShoeSource will close all 2,100 of its stores in the United States and Puerto Rico as it moves toward liquidation.
Morris Plains, N.J. — CBRE has negotiated the $26.7 million sale of a retail center in Morris Plains, New Jersey.
Manchester, Conn. — American Street Capital has secured a $12 million loan to refinance a triple-net leased, single-tenant retail property in Manchester, Connecticut.
Flossmoor, Ill. — Marcus & Millichap has arranged the $3.7 million sale of a 7,098-square-foot retail building in Flossmoor, about 30 miles south of Chicago.
Bloomfield, Mich. — Taubman Centers Inc. has agreed to sell 50 percent of its interests in three Asia-based shopping centers to The Blackstone Group.
Clinton, Conn. — HFF has arranged the $12.9 million sale of Clinton Plaza, a 100,360-square-foot, grocery-anchored shopping center in Clinton, Connecticut.