Lakeland, Fla. — Lakeland-based Publix Super Markets has purchased a portfolio of nine Publix-anchored shopping centers from Madison International Realty and DDRM Properties, an affiliate of DDR Corp.
Meridian, Idaho — Pine Tree LLC, in partnership with a U.S. state pension fund, has acquired Meridian Crossroads, a 527,000-square-foot shopping center in Meridian, for $78.7 million.
Denver — HFF has arranged the $20 million sale of Tamarac Shopping Center, a 68,534-square-foot retail center in Denver.
Beachwood, Ohio — As part of what DDR Corp. (NYSE: DDR) calls a “strategic transformation,” the shopping center REIT plans to spin off a portfolio of 50 assets — including 38 U.S. assets and all 12 of its properties in Puerto Rico — into a separate publicly traded REIT to be named Retail Value Trust (RVT).
DDR, Madison International Realty Close $1.05 Billion Recapitalization of DDR Domestic Retail Fund I
Beachwood, Ohio — Beachwood-based DDR Corp. and an affiliate of Madison International Realty have closed the $1.05 billion recapitalization of a joint venture with 52 shopping centers previously owned by DDR and various partners through the DDR Domestic Retail Fund I.
Beachwood, Ohio — DDR Corp. has named David Lukes president and CEO.
Gresham, Ore. — DDR Corp. has acquired Gresham Town Center, a 296,186-square-foot mixed-use center located in the Portland suburb of Gresham.
Beachwood, Ohio — Petherbridge joined DDR as senior vice president of capital markets in December 2011.
Beachwood, Ohio — Oakes assumed the role of president and CFO in January 2013.
Salt Lake City – The three properties total approximately 1.8 million square feet.