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Shopping centers news – page 17
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Lucescu Realty Negotiates $38.6M Sale of Peccole Plaza Shopping Center in Las VegasLAS VEGAS — Lucescu Realty has arranged the sale of Peccole Plaza, a shopping center in Las Vegas. Peccole Enterprises sold the asset to a privately held, Las Vegas-based development and investment company for $38.6 million.
Progressive Real Estate Brokers $13.5M Sale of Multi-Tenant Retail Center in Walnut, CaliforniaWALNUT, CALIF. — Progressive Real Estate Partners has negotiated the sale of The Shops at Walnut Hills Plaza, a fully leased shopping center located at 18718-18766 Amar Road in Walnut.
Nashville Apartment Developer in Tight SpotA.44-acre parcel between two apartment buildings may be the site for a 10-story tower comprising 80 apartment units and 8,000 square feet of ground-floor retail. Plaza Artist Materials & Picture Framing currently owns the property.
Representative imageNewmark Brokers Sale of 54,264 SF Renton Highlands Shopping Center in WashingtonRENTON, WASH. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center at the intersection of 4110 and 4250 N.E. 4th St. in Renton. Terms of the transaction were not disclosed.
Representative imageCBRE Brokers Sale of 96,946 SF Shopping Center in Casselberry, FloridaCASSELBERRY, FLA. — CBRE has brokered the sale of Casselberry Square, a 96,946-square-foot shopping center located at the intersection of State Road 436 and Red Bug Lake Road in Casselberry, a suburb of Orlando.
JLL Negotiates Sale of 851,457 SF Retail Power Center in Allen, TexasALLEN, TEXAS — JLL has negotiated the sale of an 851,457-square-foot retail power center in Allen, a northeastern suburb of Dallas. The Village at Allen sits on an approximately 110-acre site and was 89 percent leased at the time of sale. Tenants include T.J.
Colliers Arranges Sale of 100-Unit Multifamily Property in MinneapolisColliers completed the sale of Anderson Plaza Apartments, a 100-unit multifamily community located at 1800 NE Garfield Street in Minneapolis. Developed in 1963 and family-owned since its inception, this transaction marks the first time the asset has changed ownership.
Insurance Firm CFC Inks 13K-SF Lease at 5 Penn PlazaCFC, a London-based specialist insurance provider for cybersecurity protection, has signed a 13,065-square-foot lease at Haymes Investment Company’s 5 Penn Plaza in Midtown, Commercial Observer has learned.
Brinkman Real Estate, ATLAS Capital Buy 123-Unit Apartment Community in Cheyenne, WyomingCHEYENNE, WYO. —Brinkman Real Estate, in partnership with ATLAS Capital Partners, has acquired Pointe Plaza Apartments in Cheyenne for an undisclosed price. Constructed between 2017 and 2022, Pointe Plaza features 123 apartments at 6714 Faith Drive.
Representative imageMamdani to Redesign Brooklyn Army Plaza With Connections to Prospect ParkMayor Zohran Mamdani is looking to make Brooklyn’s Grand Army Plaza more accessible and aesthetically pleasing in a major re-envisioning.
Sterling Buys 1.2M-SF Allen Retail CenterSterling Organization, through one of its proprietary funds, purchased a 1.2-million-square-foot retail in Allen. A JLL Capital Market’s investment sales and advisory team, led by Chris Gerard, Barry Brown and Erin Lazarus, represented the sellers, DLC Management Corp.
Representative imageCIM Group Sells 177,434 SF Shopping Center in North DallasDALLAS — Los Angeles-based investment and development firm CIM Group has sold Best Buy Plaza, a 177,434-square-foot shopping center located in North Dallas.
Crow Acquires Highland Park Shopping CenterDunhill Partners sold The Shops at Mockingbird, a retail center located at 4550 West Mockingbird Lane in Dallas, Texas. The property has been acquired by a Crow Holdings Capital real estate fund.
Interra Takes On Greenway PlazaInterra Capital Group acquired Greenway Plaza, a landmark 53-acre, 4.5 million-square-foot mixed-use office campus in the heart of Houston.
Representative imageBeacon Group Acquires 4,665 SF Office Space at Coronado Professional Plaza in Avondale, ArizonaAVONDALE, ARIZ. — Beacon Group has purchased 4,665 square feet of office space at Building E, Units 117 and 119 within Coronado Professional Plaza, located at 3400 N. Dysart Road in Avondale. Arizona Agribusiness & Equine Center sold the space for $2 million.
Neighborhood Shopping Center Trades After 50-Year HoldAtlantic Capital Partners arranged the sale of 211 Lowell St., a grocery-anchored shopping center in Wilmington, MA. Buyer and sale price were not disclosed.
Representative imageAres Management Acquires Whitestone REIT in $1.7B All-Cash DealWhitestone REIT, a Houston-based real estate investment trust (REIT) with a shopping center portfolio exclusively invested in Arizona and Texas and a market capitalization of $971 million, is no longer a public company.
SimonCRE Buys 38 Acres to Develop 363,000 SF Retail Center in AlbuquerqueALBUQUERQUE, N.M. — SimonCRE has acquired approximately 38 acres of land to develop Lobo Crossing, a 363,000-square-foot, open-air center located on the University of New Mexico’s south campus in Albuquerque. A timeline for the $150 million project was not disclosed.
121K-SF Detroit-Area Retail Plaza Changes HandsMid-America Real Estate Investment Sales Group announced the sale of Dix-Toledo Shopping Center, a 121,184-square-foot community center located in the Detroit suburb of Southgate, Michigan.
Representative imageNuveen Buys Suburban South Florida Retail Center for $46MNuveen is back to buying in South Florida. The Chicago-based investor, which is owned by Teachers Insurance and Annuity Association of America, paid $46.3 million for a suburban retail center in Broward County, property records show.