Chicago — HFF has arranged the $77 million refinancing of 545 and 555 North Michigan, two free-standing, adjacent retail properties totaling 61,909 square feet along Chicago’s Magnificent Mile.
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San Francisco — Gap Inc. is streamlining its retail business by slimming its store count to 800 Gap stores in North America, the company outlined in a statement ahead of an investor meeting scheduled today.
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Orlando, Fla. — Sutton Properties Inc., the owner of Lake Buena Vista Factory Stores, plans to expand their existing outlet center by 110,000 square feet of leasable space by 2016.
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San Juan, Puerto Rico — Puerto Rico’s first upscale shopping center, developed through a partnership with Taubman and New Century Development Inc., opened last week with more than 60 percent of tenants being first-to-market.
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Lynnfield, Mass. – The development already has 63 open shops and restaurants.
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Commack, N.Y. – A 60,000-square-foot Waldbaum’s supermarket anchors the 221,000-square-foot Mayfair Shopping Center.
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San Jose, Calif. – Westgate Center is owned by Federal Realty Investment Trust.
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Flowood, Miss. – The property is 97.8 percent leased to 36 tenants.
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Houston – Rice University has exercised an option to acquire the leasehold in the two-level center from the developer and owner, Weingarten.
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Lynnfield, Mass. – The development is anchored by Whole Foods Market and Kings.
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