Northbrook, Ill. — Cap rates in the fourth quarter of 2015 for the single-tenant net lease retail sector remained unchanged from the previous quarter at their historic low rate of 6.25 percent.
Hilton Head, S.C. — HFF has secured $13.4 million in acquisition financing for Fresh Market Shoppes, an 86,694-square-foot retail center anchored by The Fresh Market in Hilton Head.
Las Vegas — Marcus & Millichap has arranged the $10.55 million sale of Sahara Durango Retail Shopping Center, a 45,000-square-foot shopping center located in Las Vegas.
Los Angeles — Los Angeles-based CBRE Group Inc. has named Andrew Turf the company’s retail services team senior vice president.
Des Plaines, Ill. — Associated Bank has completed a $19.3 million loan for the land acquisition and construction of a Mariano’s Fresh Market grocery store in Des Plaines, approximately 20 miles northwest of Chicago.
Amherst and Sheffield Village, Ohio — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a two-property Giant Eagle-anchored shopping center portfolio comprising 193,633 square feet in northeast Ohio.
Hawthorne, Calif. — Cushman & Wakefield has arranged the $15.25 million sale of Hawthorne Town Center, a 51,000-square-foot shopping center located in Hawthorne.
Lakewood, Colo. — Pinnacle Real Estate Advisors has arranged the $3 million sale of Woodlake Center, a 37,741-square-foot five building retail and office complex located in Lakewood.
Bedford, Texas — Marcus & Millichap has arranged the sale of Shops at Cheek Sparger, a 27,413-square-foot multi-tenant retail property located in Bedford.
Consistent demand, low supply and supportive economic trends continued to improve fundamentals in the U.S. retail market through the third quarter, according to the Q3 U.S. Retail MarketView report by CBRE.