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Shopping centers news – page 15
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Copley Plaza Hotel in Back Bay Designated a Boston LandmarkThe City of Boston has formally designated the Copley Plaza Hotel at 138 St. James Ave. in Back Bay as a landmark.
Representative imageSummitTX Capital Signs 17,778 SF Office Lease in Manhattan’s Plaza DistrictNEW YORK CITY — Texas-based hedge fund operator SummitTX Capital has signed a 17,778-square-foot office lease in Manhattan’s Plaza District. The lease term is 11 years, and the space spans the entire 19th floor of the 22-story, 380,000-square-foot building at 560 Lexington Ave.
Rio Investments Acquires 353K-SF San Antonio Shopping CenterRio Investments purchased The Legacy, a 353,000-square-foot retail center in San Antonio. The San Antonio Business Journal reports Nassau CorAmerica lent $37.8 million in acquisition financing to Rio Investments to help close the deal. Santikos Entertainment was the seller.
Pegasus Brokers Sale of Theater-Anchored Mixed-Use Property in North HollywoodLOS ANGELES — Pegasus has arranged the purchase of Laemmle NoHo 7, a marquee theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles.
Laemmle Re-Acquires North Hollywood Theater It Sold to DeveloperPegasus advised on the $6.5-million acquisition of the Laemmle NoHo 7, a marquee theater-anchored mixed-use retail and office property located in the NoHo Arts District in North Hollywood.
399K-SF McAllen Shopping Center Trades for $81.6MCTO Realty Growth acquired the Palms Crossing Shopping Center in McAllen for $81.6 million. WPG (Washington Prime Group) was the seller. The 47-acre property features 399,000 square feet of retail space.
Continental Realty Acquires 14-Property Shopping Center Portfolio in Southeast, MidwestBALTIMORE AND HILLARD, OHIO — Continental Realty Corp. has purchased a 14-property shopping center portfolio spread across seven states in the Southeast and Midwest.
Continental Realty Acquires 14-Property U.S. Shopping Center PortfolioBetting big on retail in secondary markets, Continental Realty has acquired 14 shopping centers across the Southeast and the Midwest. Continental Realty’s acquisition from U.S. Properties Group spans seven states and encompasses more than 2 million square feet of retail.
Dick’s House of Sport to Open First California Store in San DiegoDick’S’s is bringing its first House of Sport store concept to California with a 158,000-square-foot location at The Valley shopping center in San Diego’s Mission Valley.
Town Lane, Gillon Acquire 460K-SF Allen Retail CenterTown Lane and Gillon Property Group (GPG) acquired Watters Creek Village, a 460,000-square-foot, grocery-anchored mixed-use destination in Allen, Texas. Charter Holdings and DuWest Realty were the sellers. An Ares Real Estate fund provided the debt financing for the acquisition.
Phoenix Commercial Advisors Negotiates Sale of 20,325 SF Pecan Plaza Shops in Queen Creek, ArizonaQUEEN CREEK, ARIZ. — Phoenix Commercial Advisors has facilitated the off-market sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center in Queen Creek. The property sold for $13.5 million, or $656.83 per square foot.
Vestar Reveals Verrado Marketplace Open DatesVestar revealed the opening schedule for Verrado Marketplace, the new 500,000-square-foot retail destination serving Buckeye and the West Valley.
Architecture, Engineering Firm HDR Leases 75K SF with Feil OrganizationHDR, the largest employee-owned architecture and engineering firm based in the U.S., has signed a long-term, 74,500-square-foot lease at 7 Penn Plaza in Midtown Manhattan.
Brixton Capital Buys Escondido Gateway Shopping Center in Metro San Diego for $28MESCONDIDO, CALIF. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million.
Greenstone Partners Brokers Sale of Skokie Retail CenterGreenstone Partners arranged the sale of Gross Point Crossing, a 19,000-square-foot suburban retail center located in Skokie, Illinois, for $3.875 million.
Walker & Dunlop Arranges $55M for Ohio Mixed-Use DevelopmentWalker & Dunlop has arranged $55.16 million in total construction financing for Phase I of Belle Oaks Marketplace, a mixed-use redevelopment in Richmond Heights, Ohio.
HDR Engineering Relocates to 75K SF at Feil’s 7 Penn PlazaEngineering firm HDR has signed a new 74,500-square-foot lease at the Feil Organization’s 7 Penn Plaza in Midtown, the landlord announced Monday.
Investor Group Acquires The Moran CityCentreMetroNational and hospitality firm Rockbridge, acquired The Moran CityCentre. Midway was the seller. The 244-room hotel features on-site offerings, including Café Moran and The Allegory Bar, featuring a terrace overlooking the central plaza.
Brixton Capital Adds Escondido Shopping Center in Off-Market DealBrixton Capital, a vertically integrated operator of retail and multifamily properties, acquired the Escondido Gateway shopping center from Del Mar-based Mountain Pacific Properties for $28 million in an off-market transaction.
Law Firm Cleary Gottlieb Inks 475K-SF Lease at Brookfield’s One Liberty PlazaBrookfield Properties’ One Liberty Plaza signed Manhattan’s largest office lease in April, according to the latest office market snapshot from Colliers.