Somerset, N.J. — Marcus & Millichap has arranged the $12.2 million sale of Shoppes at Pierce Street, a 37,800-square-foot shopping center in Somerset, New Jersey.
Westport, Conn. — Vidal Wettenstein LLC has negotiated the $10.5 million sale of a 30,000-square-foot retail plaza in Westport, Connecticut.
Wellington, Fla. — HFF has arranged the $43 million sale of The Pointe at Wellington Green, a 107,368-square-foot shopping center in Wellington, Florida.
Nashville, Tenn. — Tanger Outlets has announced plans to open a new outlet mall in downtown Nashville, Tennessee.
Planation, Fla. — A partnership led by Azor Advisory Services Inc. has broken ground on the redevelopment of an office building in Plantation, Florida.
Los Angeles — Related Cos. and partner CORE USA have broken ground on The Grand, a $1 billion mixed-use development in downtown Los Angeles.
Vernon Hills, Ill. — Graycor Construction Co. has completed the retail portion of Mellody Farm, a mixed-use development located in Vernon Hills, about 36 miles north of Chicago.
Troy, Mich. — Juniper Capital Group has arranged a $10.5 million bridge loan for the acquisition of Cross Creek, a 141,468-square-foot shopping center in Troy, Michigan.
Stamford, Conn. — Marcus & Millichap has brokered the $5.5 million sale of a retail center in Stamford, Connecticut.
New York City — Global coworking provider WeWork has closed on its $850 million purchase of the Lord & Taylor Building, a landmark Midtown Manhattan asset located at 424-434 Fifth Ave. in New York City.