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Shopping centers news – page 14
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Representative imageCronheim Arranges $75M in Financing for Retail Power Center in Middletown, New YorkMIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot retail power center in Middletown, about 70 miles northwest of New York City.
Portman Buys 1,073-Room Westin Peachtree PlazaPortman acquired the Westin Peachtree Plaza, a 1,073-key full-service hotel in downtown Atlanta, from Marriott International. The hotel will remain in Marriott’s portfolio under a long-term management agreement.
Representative imageLegacy Purchases Development Site in Southern Arizona, Plans 45,000 SF Retail CenterMARICOPA, ARIZ. — Legacy Development Partners has purchased a development site in Maricopa for a planned, ground-up retail center. Construction on the property is expected to begin immediately.
Cain, Alchemy-ABR Secure $321M Refi for Newly Delivered Plaza District OfficesCain and Alchemy-ABR Investment Partners have secured a $321-million refinancing for 125 W. 57th St., a newly delivered Class A office tower on Billionaires’ Row in Manhattan’s Plaza District.
Piazza Auto Group Breaks Ground on 270-Unit Multifamily Project in Ardmore, PennsylvaniaARDMORE, PA. — An affiliate of Piazza Auto Group has broken ground on a 270-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. The Plaza at Ardmore will offer studio, one-, two- and three-bedroom floor plans.
Ally Bridge Relocates U.S. Headquarters to Rudin’s 560 LexingtonRudin said Tuesday it secured a new office lease with Ally Bridge Group at 560 Lexington, its 22-story, 380,000-square-foot office tower in the Plaza District.
Gould Property Co., Konterra Realty Break Ground on 400-Acre MD ProjectKonterra Realty, the real estate arm of Gould Property Co., recently broke ground on the first phase of the Konterra Town Center East project in Prince George’s County.
Representative imageDisney Investment Group Negotiates $82.2M Sale of Retail Power Center in Norman, OklahomaNORMAN, OKLA. — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the $82.2 million sale of University Town Center, a 416,766-square-foot retail power center in Norman, home of the University of Oklahoma.
Representative imageWeitzman LP Acquires 87,857 SF Shopping Center in ArlingtonARLINGTON, TEXAS — A limited partnership (LP) managed by Weitzman has acquired Cooper Street Annex, an 87,857-square-foot shopping center in Arlington. Cooper Street Annex was fully leased at the time of sale to tenants such as Cavender’s Boot City, O’Reilly Auto Parts, Chuck E.
Representative imageMalabar Hill Breaks Ground on 27,000 SF Retail Project in Manvel, TexasMANVEL, TEXAS — Malabar Hill Capital, a locally based developer, has broken ground on The Market at Meridiana, a 27,000-square-foot neighborhood shopping center that will be located in Manvel, roughly 25 miles south of Houston.
CBRE Brokers $6.2M Sale of Harbor Central Retail Center in West SacramentoWEST SACRAMENTO, CALIF. — CBRE has arranged the sale of Harbor Central, a neighborhood retail center in West Sacramento. A subsidiary of CJ Park & Associates acquired the asset from Harbor Corners LLC for $6.2 million.
Finmarc Sells Capital Marketplace Retail Center in Raleigh for $80.6MRALEIGH, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power shopping center located on 53 acres along U.S. Route 1 in Raleigh.
Prosperity Partners Signs Full-Floor Lease at 575 Madison Ave.CBRE arranged a 24,426-square-foot office lease at 575 Madison Ave. in Manhattan’s Plaza District.
CJ Park Acquires West Sacramento Neighborhood CenterHarbor Central, a neighborhood shopping center in West Sacramento, California, has sold for $6.2 million. A subsidiary of CJ Park & Associates acquired Harbor Central from Harbor Corners LLC. Randy Getz and Rick Martinez of CBRE in Sacramento represented the seller.
Cooper Group Arranges Sale of Multi-Tenant Retail Center in Washington Court House, OhioWASHINGTON COURT HOUSE, OHIO — The Cooper Commercial Investment Group has brokered the sale of Fayette Square, a multi-tenant retail center in Washington Court House, about 50 miles east of Dayton. The property is fully leased and shadow anchored by Walmart Supercenter.
Twin Cities Retail Plaza Adds to Retail Tenant LineupRosedale Center, a 1,142,972-square-foot shopping center located in the heart of the Twin Cities, announced several tenant updates. Abercrombie & Fitch will open a 5,500-square-foot store this summer, and Hammer Made will open a 576-square-foot store later this month.
Vornado, Stellar Finalize Plans to Add 976 Residential Units to Independence PlazaVornado Realty Trust and Stellar Management have finalized plans to build an additional 72-story residential tower at Independence Plaza, a three-building, 1,328-unit multifamily campus in Manhattan’s Tribeca neighborhood, according to a Wednesday filing with the New York City…
Seven New Tenants to Open at Verrado Marketplace Shopping Center in Metro PhoenixBUCKEYE, ARIZ. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix.
Representative imageJLL Arranges Sale of 76,426 SF Shopping Center in North DallasDALLAS — JLL has arranged the sale of Shops at Mockingbird, a 76,426-square-foot shopping center in North Dallas. The center was built on 6.4 acres adjacent to Dallas Love Field Airport in 2008. LA Fitness anchors the property, which was 94.7 percent occupied at the time of sale.
Empire Group Brings On SimonCRE to Oversee Carefree Retail Center VentureEmpire Group of Companies has replaced Diversified Partners with SimonCRE to complete the buildout of a proposed 120,000-square-foot retail center in Carefree. The Phoenix Business Journal reports the move was made due to an issue with delivering tenants.