Inland Real Estate to Redevelop Joliet Commons Shopping Center
Joliet, Ill. — With the addition of a new building, the total gross leasable area of Joliet Commons will increase to 229,000 square feet.
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Marcus & Millichap Brokers $17 Million Sale of Birmingham Power Retail Center
Birmingham, Ala. — The property was 99 percent leased at the time of sale.
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ARC Buys Clifty Crossing Shopping Center from RPAI
Columbus, Ind. – Janice Sellis and Paul Barile, Transwestern capital market directors, represented RPAI in the transaction.
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Lincoln Property, Lincoln Harris Arrange $31.5 Million Sale of Northlake Commons in Charlotte, North Carolina
Charlotte, N.C. – The property was 92 percent leased at the time of 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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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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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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H&M Signs Lease with Macomb Mall
Roseville, Mich. – Other new retailers that have opened at Macomb Mall this year include Kay Jewelers, Body Central and Myra’s Sweet Tooth.
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Madison Capital Sells Boardwalk Shopping Center in Texas
Round Rock, Texas – The center is 98.6 percent occupied and anchored by national retailers that include Ross, PetSmart, Office Max and Party City.
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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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