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Shopping centers news – page 11
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TA Realty Buys Two Staten Island Retail Buildings for $79MBoston-based real estate investment firm TA Realty has purchased two buildings within Staten Island’s Tysens Park Shopping Center, according to property records made public Monday.
Greenstone Partners Facilitates Sale of Forest Park Retail CenterGreenstone Partners arranged the sale of Circle Plaza, a 100% occupied multi-tenant retail center located in Forest Park, Illinois, for $8.41 million. The transaction was brokered by Greenstone Partner and Investment Advisor Connor Sheedy.
Gantry Arranges $38M Loan for Refinancing of 224,000 SF Shopping Center in Metro PhoenixMESA, ARIZ. — Gantry has arranged a $38 million permanent loan for the refinancing of Mesa Grand, a 224,000-square-foot regional power center located in Mesa, roughly 19 miles east of Phoenix.
Regency Centers Picks Up Denver-Area Retail CenterCushman & Wakefield arranged the $37.1 million sale of Shops at Highland Walk, a 94,795-square-foot King Soopers-anchored shopping center in Highlands Ranch, a suburb south of Denver.
JV Acquires 441K-SF Cedar Park Retail CenterSterling and a Cohen & Steers REIT purchased the 1890 Ranch, a 441,620-square-foot retail center located at 1335 E. Whitestone Blvd. in Cedar Park, Texas.
Representative imageJoint Venture Acquires 348,742 SF Retail Power Center in Ramsey, New JerseyRAMSEY, N.J. — A joint venture between New York City–based alternative asset manager Wafra and local owner-operator Crossroads Cos. has acquired a 348,742-square-foot retail power center in Ramsey, located near the New York-New Jersey border.
Asana Partners Invests $25M for Redevelopment of Retail Center in Salt Lake CitySALT LAKE CITY — Asana Partners has invested $25 million to redevelop Foothill Village, a 260,000-square-foot retail center located in the East Bench neighborhood of Salt Lake City.
Marcus & Millichap Brokers $19.5M Sale of Westgate Square Shopping Center in OrlandoORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando.
Representative imageSRS Arranges $10.9M Sale of New Retail Strip Center in Bradenton, FloridaBRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton.
Representative imageTarget Opens 150,000 SF Store at West Orange Plaza in Northern New JerseyWEST ORANGE, N.J. — Target has opened a 150,000-square-foot store in the Northern New Jersey community of West Orange.
SFA Agency Extends, Expands Tenancy at One Battery Park PlazaRudin said Tuesday that current tenant SFA Agency LLC will grow its footprint at One Battery Park Plaza, a 35-story, 800,000- square-foot office tower in Lower Manhattan.
DTLA’s Bank of America Plaza Trades for $210M in Receivership SaleColliers on Tuesday announced the sale of 333 S. Hope St., a/k/a Bank of America Plaza, in Downtown Los Angeles. The 1.4-million-square-foot office tower traded through a receivership sale, with fee-simple title delivered at closing.
Representative imageFinancial Adviser SFA Agency Grows to 14K SF at Rudin’s One Battery Park PlazaFinancial advisory firm SFA Agency has expanded its footprint and extended its lifespan at Rudin’s One Battery Park Plaza in Manhattan’s Financial District, Commercial Observer has learned.
Representative imageJLL Negotiates Sale of Retail Strip Center Portfolio in Dallas-Fort Worth, WacoDALLAS — JLL has negotiated the sale of a portfolio of five retail strip centers, four of which are scattered across the Dallas-Fort Worth metroplex. The fifth property is located in Waco. The centers’ addresses and square footages were not disclosed.
Shea Properties Completes $37.1M Sale of Shops at Highland Walk in Highlands Ranch, ColoradoHIGHLANDS RANCH, COLO. — Shea Properties has completed the $37.1 million sale of Shops at Highland Walk, a 94,795-square-foot retail center in Highlands Ranch, located south of Denver. Regency Centers acquired the asset.
NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, TexasKATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center.
Representative imageFour New Tenants Sign Leases at Inwood Village in North DallasDALLAS — Four new tenants have signed leases at Inwood Village, a historic shopping center and dining destination located at the intersection of Lovers Lane and Inwood Road in North Dallas.
Representative imageMarcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New JerseyPENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington.
Representative imagePinnacle Real Estate Advisors Arranges Sale of 94,949 SF Plaza West at Aurora Town Center in ColoradoAURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of the 94,949-square-foot Plaza West at Aurora Town Center, a retail center located at 13670 E. Alameda Ave. in Aurora.
Vornado Closes on 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The 1.2-million-square-foot office property at 55 E. 52nd St. traded at a gross valuation of $1.1 billion, a significant discount to replacement cost.