Retailers

CaliforniaInvestment salesNewsRetailers

Progressive Real Estate Partners Negotiates $2.6 Million Sale of Retail Building in Inland Empire

by Alex Tostado

Apple Valley, Calif. — Progressive Real Estate Partners has arranged the sale of a multi-tenant retail building at Rancherias Plaza, located at 20162 Highway 18 in Apple Valley, California. A private Los Angeles-based investor sold the property to a private San Diego-based investor for $2.6 million. Built in 1991, the asset features 15,105 square feet of retail space. At the time of sale, the shopping center was 92 percent occupied. CVS/pharmacy and 99 Cents Only Stores anchor the property. Greg Bedell and Chris Lindholm of Progressive Real Estate Partners represented …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsRetailersTexas

Seritage Breaks Ground on Redevelopment of Former Mall in North Dallas

by Alex Tostado

Dallas — Seritage Growth Properties has broken ground on Park Heritage, a mixed-use project located at the intersection of the LBJ Freeway and Preston Road in north Dallas that could ultimately span as much as 2 million square feet. Seritage is the master developer, and KDC currently plans to develop about 1.1 million square feet of Class A office space. Toll Brothers Apartment Living will construct the first phase of the project’s multifamily component, which calls for roughly 300 units. At full build-out, Park Heritage could span as much as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Global Fund Investments Sells 89,769-Square-Foot Shopping Center in Houston

by Alex Tostado

Houston — Global Fund Investments LLC has sold Beechcrest Shopping Center, an 89,679-square-foot, grocery-anchored shopping center in southwest Houston. The property was fully leased at the time of sale to tenants such as DD’s Discounts, Dollar General, Pizza Hut and Lone Star Title. Ryan West, John Indelli, Charles Strauss and Ethan Goldberg of HFF represented the seller in the transaction. Wu Investments acquired the center for an undisclosed price.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsOhioRetailers

Brixmor Property Group Sells 89,436-Square-Foot Retail Center Near Cleveland

by Alex Tostado

Streetsboro, Ohio — Brixmor Property Group has sold Streetsboro Crossing, an 89,436-square-foot retail center in Streetsboro, Ohio. The property was built in 1996 and renovated in 2001. Giant Eagle anchors the center, which is situated 31 miles southeast of downtown Cleveland, and is the only traditional grocer in the trade area. The center is shadow-anchored by Target and Lowe’s, and was 94 percent leased at the time of the sale to tenants including Pet Supplies Plus, Palm Beach Tan, GNC, Sally Beauty Supply and Great Clips. Amy Sands and Clinton Mitchell …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Venture Commercial Negotiates Sale of 169,378-Square-Foot Shopping Center in Suburban Fort Worth

by Alex Tostado

Burleson, Texas — Venture Commercial has negotiated the sale of McAlister Square, a 169,378-square-foot shopping center located in Burleson, Texas, a southern suburb of Fort Worth. Anchored by Academy Sports + Outdoors, the property’s tenant roster includes national retailers like FedEx Office, Verizon Wireless and Firehouse Subs. Jonathan Cooper, John Zikos and Don Miller of Venture Commercial represented the seller in the transaction. Kevin McIntosh of KMAC Group Inc. represented the buyer. Both parties requested anonymity.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew JerseyNewsRetailers

Eastman Cos. Refinances 95,809-Square-Foot Retail Center in Livingston, New Jersey

by Alex Tostado

Livingston, N.J. — Eastman Cos. has refinanced The Shoppes at Livingston Circle, a 95,809-square-foot retail center in Livingston, New Jersey, an eastern suburb of Newark. Built in 1993 and anchored by German discount grocer Aldi, the property was 80 percent leased at the time of sale to tenants such as Olive Garden, Goldfish Swim and Club Pilates. Jon Mikula and Jim Cadranell of HFF placed the loan, which features a 12-year term and a fixed interest rate, on behalf of Eastman. The lender was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaLeasingNewsRetailers

New England Development Signs Three New Tenants to Outlet Mall in South Florida

by Alex Tostado

West Palm Beach, Fla. — New England Development has signed Kate Spade New York, Coach and Stuart Weitzman to leases at Palm Beach Outlets in West Palm Beach, Florida. Stuart Weitzman opened April 5 and Kate Spade and Coach are scheduled to open later this year. Palm Beach Outlets features more than 100 retailers, including Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Store, Calvin Klein, Cole Haan Outlet, GUESS Factory, J.Crew Factory|crewcuts, Nautica, Nike Factory Store, Polo Ralph Lauren Factory Store, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesMissouriNewsRetailers

Mid-America, Pace Properties Negotiate Sale of 53,928-Square-Foot Retail Center in Metro St. Louis

by Alex Tostado

Chesterfield, Mo. — Mid-America Real Estate Corp. and Pace Properties have negotiated the sale of Chesterfield Valley Square in Chesterfield, 20 miles west of St. Louis, for an undisclosed price. The 53,928-square-foot retail center is fully occupied. Tenants include Sherwin Williams, U.S. Bank, Bar Louie, Athletico and Oishi Sushi & Steakhouse. Ben Wineman of Mid-America and Scott Seyfried of Pace represented the seller, a St. Louis-based private investor. The Staenberg Group purchased the asset.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

Marcus & Millichap Arranges $2.1 Million Acquisition of Retail Center in Indio, California

by Alex Tostado

Indio, Calif. — Marcus & Millichap has arranged the sale of a retail property, located at 82360 U.S. Highway 111 in Indio. An individual/personal trust acquired the 9,888-square-foot property for $2.1 million at a 6.7 percent capitalization rate. Edwin Mariscal of Marcus & Millichap’s Ontario, California, office represented the buyer in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

SBH Real Estate Sells Retail Property in Southern California for $7.8 Million

by Alex Tostado

Burbank, Calif. — SBH Real Estate Group has completed the disposition of a 14,000-square-foot retail property occupied by Harbor Freight Tools in Burbank, California. SBH originally purchased the property in the first quarter of 2018 and proceeded to renovate and improve the building. Renovations included a new roof, updated electrical and lighting systems, new restrooms and a new HVAC system. A private investor acquired the property for $7.8 million. Adam Friedlander and Kien Tsoi of JLL represented the seller, while Jeff Gerlach from CBRE represented the buyer in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts