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Office Depot Terminates Merger Agreement with Staples

Boca Raton, Fla. — The merger agreement between Staples Inc. (NASDAQ: SPLS) and Office Depot Inc. (NASDAQ: ODP) has been terminated. As a result, Office Depot will receive a cash payment from Staples of $250 million on May 19, 2016.

…

  • May 18, 2016
  • Published in Company news, News, Operations

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.

…

  • December 18, 2014
  • Published in Finance, News, Ohio, Texas

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.

…

  • September 16, 2014
  • Published in Alabama, Finance, Kentucky, News

CBRE Arranges Sale of Turnpike Plaza for $27 Million

Nashua, N.H. – Whole Foods Market has signed a 20-year lease to anchor the center and will open this summer.

…

  • July 25, 2014
  • Published in New Hampshire, News

HFF Brokers $101 Million Sale of Grocery-Anchored Center in Central Pa.

Altoona, Pa. – According to HFF, Logan Town Centre is the dominant shopping center within a 45-mile radius.

…

  • July 8, 2014
  • Published in News, Pennsylvania

NorthMarq Secures $17 Million for Refinancing of Massachusetts Shopping Center

Chelmsford, Mass. – The transaction was structured with a 10-year term and a 25-year amortization schedule.

…

  • May 23, 2014
  • Published in Massachusetts, News

MOD Super Fast Pizza to Open at Village at Newbury Park in Los Angeles

Thousand Oaks, Calif. – The chain’s first Ventura County location will be 2,825 square feet.

…

  • April 22, 2014
  • Published in California, News

Viking Partners Acquires Chesterfield Village Square

Chesterfield Township, Mich. — Viking plans to add value to the property and sell it once it is stabilized.

…

  • May 30, 2013
  • Published in News

Shops at Arbor Trails Receives $33 Million in Refinancing

Austin, Texas — Whole Foods Market anchors the fully occupied center.

…

  • January 22, 2013
  • Published in News

Third Quarter Vacancies Decrease Despite Rising Rents

New York — The average vacancy rate is down 0.2 percent from the previous quarter.

…

  • October 11, 2012
  • Published in News
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The single-tenant net lease (STNL) market has enjoyed quite the ride. Rents are rising and cap rates are at or near all-time lows. 2021 was a record year for STNL transaction…

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America’s Shopping Patterns Turn Suburban

The Necessity Retail REIT, Inc. has closed on the acquisition of 77 open-air shopping centers and two single-tenant service retail properties as part of a previously announced 81-property, $1.3 billion…

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Industry News

  • Wegmans Opens New 81,300-Square-Foot Grocery Store in Metro D.C., Two More Planned to Open
  • Wilder, TA Realty Acquire Shopping Center Portfolio in Massachusetts, Rhode Island for $390 Million
  • Gantry Arranges $24 Million Loan for Refinancing of Southern California Retail Center
  • Cleeman Realty Arranges Sale of 198,085-Square-Foot Retail Center in Wilmington, Ohio
  • Newmark Arranges $5 Million Sale of Walgreens-Occupied Property in Whiteville, North Carolina

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