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Shopping centers news – page 13
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Representative imageMarcus & Millichap Brokers Sale of Retail Strip Center in Balch Springs, TexasBALCH SPRINGS, TEXAS — Marcus & Millichap has brokered the sale of Imperial Square, a retail strip center in the eastern Dallas suburb of Balch Springs that was built in 2017. The center comprises seven suites that are leased to a mix of service-oriented retailers.
Gantry Secures $12M Loan for Refinancing of Shopping Center in Moline, IllinoisMOLINE, ILL. — Gantry has secured a $12 million permanent loan to refinance maturing debt for Rock River Plaza in Moline. The 389,375-square-foot retail power center is anchored by Walmart and Lowe’s.
Gantry Secures $12M Loan for 389K-SF Illinois Retail CenterGantry has secured a low-leverage $12 million permanent loan to refinance maturing debt for Rock River Plaza, located in Moline, Illinois.
Cohen & Steers Corrals Tucson Retail CenterCohen & Steers Income Opportunities REIT, Inc. (“CNSREIT”) acquired Oracle Crossings, a 266,000‑square‑foot, grocery‑anchored open‑air shopping center located in the Oro Valley submarket of Tucson, Arizona.
JLL Arranges $91.3M Sale of 122,167 SF Retail Center in Southern CaliforniaCARLSBAD, CALIF. — JLL Capital Markets has arranged the $91.3 million sale of The Beacon, a 122,167-square-foot neighborhood retail center located in Carlsbad, roughly 35 miles north of San Diego. Asana Partners sold the asset to 11North Partners.
Torrington Properties’ Newington Redevelopment Advances with TIF ApprovalTorrington Properties’ plans for Seacoast Landing, a redevelopment of the former Mall at Fox Run and Newington Park Shopping Center advanced with a vote by Newington, NH residents to approve the town’s first tax increment financing district.
Milford Retail Trades for $8M; Draws from Boston, Worcester and Providence MetrosAtlantic Capital Partners closed the $8-million sale of Milford Square, a multi-tenant neighborhood shopping center located at 138 s. Main St. in Milford, MA.
Representative imageCoStar to Acquire Homebuilding Data and Marketplace Platform Zonda for $800MCoStar Group, which operates commercial real estate data platform CoStar, is courting the construction business.
Brixmor Acquires 72K-SF Houston Retail CenterA 72,184-square-foot grocery-anchored shopping center located in the Louetta submarket of northwest Houston has traded hands. The Vintage Marketplace was acquired by Brixmor Property Group. The developer and seller was Read King. Vintage Marketplace is at 10133 Louetta Rd.
Tanger Acquires Town Center at Levis Commons Near Toledo for $60MPERRYSBURG, OHIO — Tanger has acquired The Town Center at Levis Commons, a 300,000-square-foot mixed-use development in Perrysburg, about 10 miles south of Toledo. The purchase price was $60 million.
Representative imageEncore Brokers $13.8M Sale of Shopping Center in Mishawaka, IndianaMISHAWAKA, IND. — Encore Real Estate Investment Services has brokered the $13.8 million sale of Town & Country Shopping Center, a 382,139-square-foot power center situated on 40 acres in Mishawaka.
Cushman & Wakefield Arranges $55M Sale of Shopping Center in FrederickCushman & Wakefield arranged the sale of Frederick Shopping Center, a 236,615-square-foot grocery-anchored center in Frederick, Maryland. The final sale price was $55.5 million.
PSRS Arranges $27M Refinancing Loan for Retail Center in Encino, CaliforniaENCINO, CALIF. — PSRS has arranged a $27 million loan for the refinancing of a shopping center in Encino.
Representative imageCenterSquare Buys 32,242 SF Shopping Center in Warrington, PennsylvaniaWARRINGTON, PA. — CenterSquare Investment Management has purchased a 32,242-square-foot, unanchored shopping center in Warrington, located north of Philadelphia.
Centerbridge Commits to Two Floors at Rudin’s 345 Park Ave.Rudin said Tuesday that Centerbridge Partners will establish its New York City headquarters at 345 Park Ave., Rudin’s 44-story Plaza District office tower. Centerbridge will occupy 75,826 square feet across 345 Par’s entire 22nd and 23rd floors.
Atlantic Capital Closes Sale of Rhode Island Power CenterAtlantic Capital Partners arranged the $20.5-million sale of Midland Commons, a power center condominium located in Warwick, RI.
Lone Star Funds Sells Open-Air Mall in Palm Beach Gardens, Fla.DLC Management and Principal Asset Management bought an open-air shopping center in Palm Beach Gardens, Fla., the joint venture announced. The sale price was likely north of $114 million.
Finmarc Offloads Raleigh Retail Center for $80.6MPrincipal Financial Group paid $80.6 million for a 383,000 square foot raleigh shopping center. Finmarc Management was the seller.
Santikos Boosting San Antonio Expansion PlansSantikos Entertainment is pursuing an expansion plan that could include several new theater-anchored projects across the region.
Representative imageNewman Commercial Buys 7,100 SF Retail Strip Center in The Woodlands, TexasTHE WOODLANDS, TEXAS — Newman Commercial Real Estate has acquired Grogan’s Forest Center, a 7,100-square-foot retail strip center in The Woodlands, about 30 miles north of Houston.