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Grocery-anchoredInvestment salesMassachusettsNewsRetailers

Unison Realty, Argosy Real Estate Acquire 421,680-Square-Foot Shopping Center in Southern Massachusetts

by Alex Tostado

Attleboro, Mass. — A joint venture between Unison Realty Partners and Argosy Real Estate Partners has acquired Bristol Place, a 421,680-square-foot, Market Basket-anchored retail center in Attleboro. Bristol Place is situated at the interchange of Interstate 95 and Route 1A, eight miles north of downtown Providence, Rhode Island. Built in 1993 and renovated in 2013, Bristol Place is home to other tenants including Home Depot, Party City, Bob’s Discount Furniture, Hobby Lobby and T.J. Maxx. The joint venture tapped The Wilder Cos. as the property manager and leasing agent for the …

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Investment salesNewsNorth CarolinaRetailers

M&J Wilkow, Bailard Partner to Buy Two Adjacent Retail Centers in Raleigh for $43.6 Million

by Alex Tostado

Raleigh, N.C. — A partnership between M&J Wilkow and Bailard Inc. has bought two retail centers totaling 323,000 square feet in Raleigh for $43.6 million. Midtown Commons is a 138,756-square-foot power center with tenants including Starbucks Coffee, T.J. Maxx and Dick’s Sporting Goods. Shoppes at Midway Plantation, a neighboring 184,244-square-foot power center, has tenants including Michael’s, Ross Dress for Less, Kay Jewelers, Saltgrass Steak House and Rack Room Shoes. The partners plan to implement a new leasing strategy to bring new-to-market retailers to the centers, as well as upgrade the …

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Investment salesMississippiNewsRetailers

CBL Properties Sells Shopping Center in Mississippi for $31.8 Million

by Alex Tostado

Madison, Miss. — CBL Properties has sold The Forum at Grandview, a 216,000-square-foot retail center in Madison, for $31.8 million. Hendon Properties acquired the center in an all-cash deal. CBL developed the property in a 75-25 joint venture with Mattiace Development in 2010. CBL received all of the profits from the sale. Tenants at The Forum include Best Buy, Dick’s Sporting Goods, HomeGoods, Michaels, Stein Mart, Petco and Ulta Beauty. The property is situated along Grandview Boulevard, 15 miles north of downtown Jackson.

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Grocery-anchoredInvestment salesNewsRetailersTexas

InvenTrust Acquires Whole Foods-Anchored Retail Center in Metro Dallas for $36 Million

by Alex Tostado

Fairview, Texas — Illinois-based retail REIT InvenTrust Properties Corp. has acquired Shoppes at Fairview, a 67,500-square-foot retail center in metro Dallas, for $36 million. Anchored by Whole Foods Market, the property also houses tenants such as Capital One and Jos. A Bank. Shoppes at Fairview is situated at 105 Stacy Road, 27 miles north of downtown Dallas. The seller was not disclosed.

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Investment salesMallsNew YorkNewsRetailers

Douglas Development Buys Regional Mall Near Buffalo for $30.5 Million

by Alex Tostado

Amherst, N.Y. — Douglas Development Co. has purchased Boulevard Mall, a 961,800-square-foot shopping and dining destination in the Buffalo suburb of Amherst, for $30.5 million. The property was originally built in 1962 and is situated on 64 acres. The mall was renovated in 2000 and is now anchored by tenants such as Dick’s Sporting Goods and Macy’s. Jose Cruz, Kevin O’Hearn, Claudia Steeb, Michael Oliver and Ryan Robertson of JLL handled the transaction in conjunction with Ten-X on behalf of the undisclosed seller. HFF closed the sale, which included an …

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Investment salesNewsRetailersTexas

Marcus & Millichap Arranges Sale of 31,950-Square-Foot Retail Center in Plano

by Alex Tostado

Plano, Texas — Marcus & Millichap has arranged the sale of Independence Park, a 31,950-square-foot retail property located at 3020 Legacy Drive in the northern Dallas suburb of Plano. The property was built in 1994. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were undisclosed private investors.

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Investment salesNewsRetailersVirginia

KLNB Negotiates $9.7 Million Partial Sale of Shenandoah Square in Northern Virginia

by Alex Tostado

Leesburg, Va. — KLNB has negotiated the $9.7 million sale of a portion of Shenandoah Square Shopping Center in Leesburg. The two parcels included in the sale are located at 932 and 952 Edward Ferry Road NE and total 29,480 square feet. Tenants include Sherwin Williams, Cosmo Prof, Jenny Craig, Domino’s and Regional Finance. Shenandoah Square also includes a Walmart, Exxon gas station, Taco Bell, IHOP and 83,240 square feet of office space. The shopping center is situated 37 miles northwest of Washington, D.C. Kevin Goeller, Ryan Goeller, Veronica Kamara, …

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Company newsNewsRetailersWashington DC

Madison Marquette, Roseview Finalize Merger, Costantini Named CEO

by Alex Tostado

Washington, D.C. — Madison Marquette, a leading national real estate investment manager, service provider, developer and operator based in Washington, D.C., finalized its merger with The Roseview Group, a boutique institutional real estate investment and advisory company based in Boston. Roseview’s chief executive officer, Vince Costantini, is now serving as CEO of the combined firm. Before launching Roseview, Costantini was president and COO of Boston Financial, an institutional real estate investment adviser. He also spent 10 years at General Investment and Development Co., where he began the transformation of the …

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DevelopmentEntertainmentNewsPennsylvaniaRestaurants

City Center Investment Corp. to Open 12,000-Square-Foot Food Hall in Allentown This Fall

by Alex Tostado

Allentown, Pa. — City Center Investment Corp. plans to open Downtown Allentown Market, a $4 million project in Allentown. The 12,000-square-foot retail space will be located within the City Center Allentown mixed-use development. The market will feature nine food and drink merchants, indoor and outdoor seating and flexible space for programming and pop-up shops. Brick-and-mortar tenants include sushi/poke concept Shinsen; Mediterranean restaurant Zahra; ice creamery Batch Microcreamery; Little Miss Korea; Doughnut Love, Licensed to Grill @ The Market; and Tavola pizzeria. The food hall will also house a distillery. City …

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LeasingNewsOhioRetailers

Six New Retailers Confirmed for $500 Million Easton Town Center Expansion in Ohio

by Alex Tostado

Columbus, Ohio — Six new retailers have been confirmed as part of the $500 million expansion of Easton Town Center in Columbus. The retailers include Ivan Kane’s Forty Deuce Café & Speakeasy, Arhaus Furniture, Pins Mechanical Co., The Beeline, Forbidden Root Restaurant and Brewery and Crimson Cup Coffee & Tea. At Forty Deuce, the ground floor will include a café serving burgers and desserts while the upstairs will incorporate a hidden speakeasy. The new Arhaus store will span 17,500 square feet. Ohio-based Pins Mechanical has already opened with 30,000 square …

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