Port St. Lucie, Fla. — An affiliate of Delray Beach, Florida-based Menin Development has sold the Shoppes at St. Lucie West to an institutional investor group for $77 million.
Falls Church, Va. and Hagerstown, Md. — Retail Properties of America Inc. (RPAI) has acquired a two-property portfolio of shopping centers in the Baltimore-Washington, D.C. corridor for a combined purchase price of $72.7 million.
Highland Village, Texas — Torchy’s Tacos has signed a lease for 5,262 square feet at The Shops at Highland Village, a 389,090-square-foot shopping center located in Highland Village.
Woodland Hills, Calif. — Newmark Realty Capital Inc. has arranged $43.5 million in permanent financing for a 122,523-square-foot grocery-anchored shopping center located in Woodland Hills.
Burleson, Texas — Kroger Marketplace is now open in Burleson Commons, located at the intersection of Wilshire Boulevard and FM 731 in Burleson.
Mobile, Ala. — Marcus & Millichap has arranged the $11.2 million sale of a 41,117-square-foot Walmart Neighborhood Market located in Mobile.
Pittsburgh, Pa. — Pittsburgh-based HFF has arranged the sale of The Cavalier Portfolio, an 11-property necessity-anchored retail portfolio totaling more than 1 million square feet in the central and eastern portions of the U.S.
New York City — Brookfield Asset Management Inc. has made an unsolicited offer to buy the majority stake of mall owner Rouse Properties Inc. that it doesn’t already own for $17 in cash per share, or approximately $657 million.
Miami — Swire Properties Inc., alongside retail co-developers Whitman Family Development and Simon Property Group, has announced nearly 40 new tenants for Brickell City Centre’s 500,000-square-foot, open-air shopping center under construction in Miami’s Brickell district.
Glenwood Springs, Colo. — NorthMarq has arranged the $28 million refinance of Glenwood Meadows, a 145,000-square-foot shopping center located in Glenwood Springs.