Velocity Signs Two Retailers to 48,000-Square-Foot Vacant Big Box in Phoenix
Phoenix — Velocity Retail Group has signed two new retailers to a vacant big box formerly occupied by Fry’s Food & Drug in Phoenix.
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Mid-America Secures Five Retail Leases in Chicago
Chicago — Mid-America Asset Management Inc. has secured five retail leases on behalf of shopping centers in the Chicagoland area.
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NorthMarq’s Miami Office Arranges Refinancing for Shingle Creek Crossing Phase III in Minnesota
Brooklyn, Minn. — Robert Bhat, vice president of NorthMarq Capital’s Miami-based regional office, has secured a $13 million commitment for the refinancing of Shingle Creek Crossing Phase III, located in Brooklyn, Minnesota.
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Mission Capital Arranges $14.3 Million in Financing for Ohio and Texas Shopping Centers
Cuyahoga Falls, Ohio and Austin, Texas — The Shoppes at Chapel Hill is an 85,229-square-foot shopping center located in Cuyahoga Falls, serving all of the northern Akron and southeast Cleveland suburbs.
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Westwood Financial Corp. Opens Rally House at Old Town Center in Dallas
Dallas – The 266,414-square-foot, 33-unit Old Town Shopping Center is 99 percent occupied.
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Hanley Investment Group Negotiates Sale of Two Retail Centers for $29 Million
Palmdale and Torrance, Calif. – Pacific Plaza in Torrance, Calif., was 100 percent occupied at the time of the sale.
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NorthMarq Capital Secures $24 Million Refinancing for Connecticut Shopping Center
Newington, Conn. – The 10-year loan features two years of interest-only payment and a 30-year amortization schedule.
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RAIT Financial Trust Buys Two Michigan Retail Centers for $51 Million
Troy, Mich. – The properties are adjacent to Oakland Mall, a 1.5 million square-foot regional mall.
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Cinemark to Open Five-Screen Complex at The Dunes on Monterey Bay
Marina, Calif. – The theater will be adjacent to the California State University Monterey Bay campus.
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DeBartolo Development Sells Two Adjacent Shopping Centers in Metro Chicago
Hoffman Estates, Ill. – Both properties are approximately 90 percent leased.
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