Orlando — Newmark Grubb Knight Frank (NGKF) has arranged the $21.2 million sale of Vista Centre Shoppes, a 98,411-square-foot shopping center located near Disney World in Orlando.
New York City — Wahlburgers has leased an 8,300-square-foot retail property at 725 Eighth Ave. in Manhattan to open a new store.
Cincinnati, Ohio — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has purchased two grocery-anchored shopping centers located in Arizona and Florida.
New York City — New York’s Upper Fifth Avenue is the most expensive retail street in the world with rents rising to $3,500-per-square-foot in 2015, according to the Main Streets Across the World report by Cushman & Wakefield.
Evesham, N.J. — RD Management LLC has unveiled its redevelopment plans for The Shoppes and Residences at Renaissance Square, located on Route 70 in Evesham.
Marcus & Millichap Arranges $12.8 Million Sale of Walmart Neighborhood Market in Suburban Charleston
Goose Creek, S.C. — Marcus & Millichap has arranged the $12.8 million sale of a 41,117-square-foot Walmart Neighborhood Market located in the Charleston suburb of Goose Creek.
Towson, Md. — Retail Properties of America Inc. (RPAI), a shopping center REIT, has purchased Towson Square, a 138,000-square-foot, entertainment-based retail center anchored by a newly constructed Cinemark Theatre in Towson, roughly 12 miles north of Baltimore.
Seattle — Online retail giant Amazon has opened its first brick-and-mortar bookstore, Amazon Books, at University Village in north Seattle.
Pensacola, Fla. — Crossman & Co. has arranged the $3.7 million sale of Shoppes at Milestone in Pensacola.
Washington, D.C. — Washington, D.C.-based Madison Marquette has named Peter Cole managing director and head of development for the eastern region.