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Shopping centers: deals – page 12
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Representative imageJLL Brokers Sale of 39,912 SF Shopping Center in Cypress, TexasCYPRESS, TEXAS — JLL has brokered the sale of a 39,912-square-foot shopping center in Cypress, located on the northwestern outskirts of Houston. The Shops at Fry & Tuckerton comprises three multi-tenant buildings that were fully leased at the time of sale.
SRS Real Estate Brokers $5.3M Sale of Central Florida Retail CenterAPOPKA, FLA. — SRS Real Estate Partners has brokered the $5.3 million sale of the Shoppes at Hunt Club, an 8,211-square-foot retail property located in Apopka, approximately 12 miles northwest of Orlando.
Mission Shore Offloads 105K-SF Houston Retail CenterMission Shore Management sold Fairmont Preston Plaza, a 105,869-square-foot neighborhood retail center in Pasadena’s leading retail corridor in southeast Houston. JLL represented Mission Shore Management.
Bucksbaum Properties Buys One El Paseo Plaza Mixed-Use Complex in Palm Desert, CaliforniaPALM DESERT, CALIF. — Bucksbaum Properties has acquired One El Paseo Plaza, a mixed-use office and restaurant property in Palm Desert. Terms of the transaction were not released.
Colliers Brokers $13.5M Sale of Central Florida Retail Center Near The VillagesSUMMERFIELD, FLA. — Colliers has brokered the $13.5 million sale of Spruce Creek Shoppes, a 42,203-square-foot shopping center located at 17860 S.E. 109th Ave. in Summerfield.
RiverGate Mall Demolition Kickstarts $450M Redevelopment EffortMerus is taking the wrecking ball to RiverGate Mall. It’s the first tangible step of the $450 million redevelopment of the onetime thriving retail center. The mall opened in 1971. Merus paid $33 million for the 57-acre site.
Ascentris-Led Team Completes Doral Revelopment ProjectAscentris, in partnership with Highline Real Estate Capital and Square2 Capital, completed a multi-phase repositioning of Westside Plaza, a three-building office campus in Doral totaling 382,637 square feet, resulting in the sale of Westside Plaza I and III, a stabilized office…
Ziff Real Estate Partners Acquires Charleston Shopping Center for $22.6MCHARLESTON, S.C. — Locally based Ziff Real Estate Partners (ZRP) has acquired West Ashley Shoppes, a 136,327-square-foot shopping center located at 946 Orleans Road in Charleston’s West Ashley neighborhood. Baltimore-based Continental Realty Corp.
Continental Spins Off Charleston Power CenterContinental Realty Corporation (CRC) completed the $22.57 million sale of West Ashley Shoppes, a 136,000- square-foot retail power center located at 946 Orleans Road in Charleston, South Carolina, to Ziff Real Estate Partners.
Representative imageCushman & Wakefield | PICOR Brokers Sale of 15,023 SF Mixed-Use Property in TucsonTUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of Harrison Professional Plaza, a mixed-use building at 1020 S. Harrison Road in Tucson. RGR16 LLC purchased the asset from BSH Investments LLC for $2 million.
Hanley, Progressive Arrange Sale of Victorville Retail CenterHanley Investment Group Real Estate Advisors and Progressive Real Estate Partners have arranged the sale of Victor Town Center, a three-tenant net-leased retail property located at 14598 7th St. in Victorville, for $7 million.
BH Properties Makes First Hawai‘ian AcquisitionLos Angeles-based investment firm BH Properties has acquired The Shops at Mauna Lani, a premier open-air retail center located along the Kohala Coast on the Island of Hawai‘i. Located at 68-1330 Mauna Lani Dr.
Representative imageHanley Investment Group Arranges $22.5M Sale of Shopping Center in Stillwater, OklahomaSTILLWATER, OKLA. — Hanley Investment Group, a California-based brokerage firm, has arranged the $22.5 million sale of Lakeview Pointe Shopping Center, a 207,406-square-foot shopping center in Stillwater.
CBRE Arranges $20.5M Sale of Shops at Dublin Commons in Colorado SpringsCOLORADO SPRINGS, COLO. — CBRE has brokered the $20.5 million sale of the Shops at Dublin Commons, a retail strip center in Colorado Springs. Parker Brown, Matthew Henrichs and Brad Lyons of CBRE represented John Winsor of Olive Real Estate Partners in the transaction.
CBRE Arranges $98.2M Sale of Retail Power Center in South Windsor, ConnecticutSOUTH WINDSOR, CONN. — CBRE has arranged the $98.2 million sale of The Shops at Evergreen Walk, a 357,742-square-foot retail power center in South Windsor, located just outside of Hartford.
BH Properties Acquires 75,000 SF The Shops at Mauna Lani Retail Center in HawaiiKAMUELA, HAWAII — BH Properties has purchased The Shops of Mauna Lani, an open-air retail center along the Kohala Coast on the Island of Hawaii. Terms of the transaction were not released.
Transwestern Brokers IHDA Lease at Michigan PlazaTranswestern announced the Illinois Housing Development Authority (IHDA) signed a new, 72,645-square-foot lease at Michigan Plaza, 205 and 225 N. Michigan Ave.
Representative imageFederal Realty Acquires Shopping Center in Rockville, Maryland for $72.3MROCKVILLE, MD. — Federal Realty Investment Trust, a retail REIT based in North Bethesda, Md., has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, for $72.3 million. The seller was not disclosed.
Representative imageMarcus & Millichap Brokers Sale of 61,982 SF Shopping Center in Northwest HoustonHOUSTON — Marcus & Millichap has brokered the sale of Huntwick Village, a 61,982-square-foot shopping center in northwest Houston.
Representative imageFederal Realty Pays $72M for Another Retail Plaza in Southern MarylandGrocery-anchored retail has become commercial real estate’s most reliable sector, including for Federal Realty Investment Trust. The North Bethesda, Md.-based, retail-focused real estate investment trust paid $72.3 million for Congressional North Shopping Center in Rockville, Md.