Plaza Advisors Arranges Sale of South Pasadena Shopping Center for $21.1 Million
South Pasadena, Fla. – The property was formerly occupied by Publix and recorded an average occupancy of 93 percent for the seven years prior to its departure.
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Plaza Advisors Brokers Sale of Two Orlando-Area Shopping Centers
Orlando and Clermont, Fla. – Plaza Advisors was the only brokerage firm involved in both deals.
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Colliers’ Southeast Retail Investment Sales Team Closes on Three Shopping Centers
Marietta, Ga. and Waynesville, N.C. – The sales include two properties near Atlanta and one outside of Asheville, North Carolina.
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Katz Properties Acquires New Jersey Shopping Center for $10.3 Million
Sicklerville, N.J. – Gloucester Town Center is anchored by a 57,560-square-foot Acme supermarket and features a new 9,700-square-foot Dollar Tree, as well as Columbia Bank and STS Tire.
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Mid-America Real Estate Handles Sale of Birch Run Station for $27.3 Million
Maplewood, Minn. – The center is anchored by Marshalls, Jo-Ann Stores, Burlington Coat Factory, Herberger’s and Dollar Tree.
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Berkadia Arranges $33.5 Million Loan for Retail Portfolio
Baton Rouge, La. and Natchez, Miss. – The loan is structured at 83 percent LTV with a 30-year amortization schedule.
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Cohen Commercial Completes Refinancing of Alabama and Kentucky Properties
Birmingham, Ala. and Crescent Springs, Ky. – The two centers were refinanced for a combined total of $25.1 million.
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Halpern Buys Franklin Centre in Tennessee for $4 Million
Lenoir City, Tenn. – Franklin Centre is 95 percent occupied, with tenants such as Dollar Tree, Sally Beauty Supply and Shoe Show.
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Dollar Tree to Acquire Family Dollar for $8.5 Billion
Chesapeake, Va. and Matthews, N.C. – The transaction is expected to close by early 2015.
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Mid-America Brokers Sale of Racine Centre in Wisconsin for $9 Million
Racine, Wis. – A private buyer purchased the grocery-anchored center from Regency Centers.
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