Jacksonville, Fla. — Equicap, a real estate investment advisory firm based in New York, has arranged an $18 million acquisition loan for a 155,899-square-foot shopping center in Jacksonville.
Dallas — RED Development has begun construction on The Union Dallas, an 800,000-square-foot office, residential and retail project expected for completion in 2018.
Hoffman Estates, Ill. — Sears Holdings will close 68 Kmart and 10 Sears stores this summer, 23 of which are located in the Midwest.
Stevenson Ranch, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Stevenson Ranch Plaza, a 187,035-square-foot shopping center located in the Los Angeles suburb of Stevenson Ranch, for $72.5 million.
Buford, Ga. and Little Rock, Ark. — La Madeleine Country French Café has opened two new restaurants in Buford, Georgia, and Little Rock, Arkansas.
By: Thomas S. Onder, Shareholder, Stark & Stark
Chino, Calif. — Ed Hanley and Bill Asher of Hanley Investment Group Real Estate Advisors have been chosen to market the sale of Stater Bros. Plaza, a 73,600-square-foot shopping center located in Chino.
Elizabeth City, N.C. — IRC Retail Centers Inc. has purchased Tanglewood Pavilions, a newly built, 158,000-square-foot retail power center located in Elizabeth City.
Alexandria, Va. — KLNB Retail has arranged the sale of New Grand Shopping Center, a 65,330-square-foot shopping center located in Alexandria, roughly 10 miles outside of Washington, D.C.
Riverview, Fla. — NorthMarq Capital has arranged the $14 million refinancing of Publix at Summerfield Crossings, a 69,917-square-foot shopping center located at 13146 U.S. Highway 301 South in Riverview.