Lucescu Realty Arranges Financing of Huntington Oaks Center in California for $71 Million
Monrovia, Calif. – The financing package replaced a $51 million mortgage from Wachovia Bank.
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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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Konover South Buys Yamato Crossing in Florida for $13 Million
Boca Raton, Fla. – The center offers daytime population of 143,000, a traffic count of 65,000 vehicles per day and an average household income of $106,000 within five miles.
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BIG USA Enters Missouri with Creekwood Commons Acquisition
Kansas City, Mo. – Previous owner Copaken Brooks retains a 10 percent interest and will lease and manage the center.
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Regency Centers to Redevelop, Rename Atlanta’s Loehmann’s Plaza
Atlanta – Plans for redevelopment include improved façades and signage.
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HFF Secures $50.6 Million for Refinancing of 6-Property New England Retail Portfolio
Boston – The properties in the portfolio are 97.7 percent leased to tenants that include Trader Joe’s, CVS Pharmacy, Rite Aid, Starbucks, Panera Bread, Chipotle Mexican Grill, Bank of America and Dunkin’ Donuts.
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Inland Purchases Lakeside Crossing in Lynchburg for $19.8 Million
Lynchburg, Va. – Lakeside Crossing is 98.5 percent leased to 14 tenants.
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Viking Sells Muncie Mall for $8.78 Million
Muncie, Ind. – In less than two years, Viking was able to increase the occupancy rate of McGalliard Mall Shops to 95 percent.
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Waugh Chapel Towne Centre Welcomes Eight Retailers
Gambrills, Md. — The 137,000-square-foot Target, which anchors the center, opened in March.
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