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Shopping centers news – page 19
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EoS Fitness Signs Two DFW Longterm LeasesEōS Fitness signed a new long-term lease for an over 51,000-square-foot gym at 5000 Main Street in The Colony, Texas, where it will serve as an anchor tenant of the Colony Marketplace shopping center.
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.
Terrabank Inks 40K-SF Lease in Coral GablesCommunity bank Terrabank is expanding its headquarters, moving within Coral Gables, Fla., after signing a 40,000-square-foot lease at the One Alhambra Plaza building.
Ambitious Downtown Denver Redevelopment Project Lands $63M LoanThe Denver Downtown Development Authority (DDDA) approved a low-interest loan up to $63 million to support the High Fidelity Plaza redevelopment. The total project cost is estimated at $315 million.
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.
Fintech Firm VCT Holdings Inks 35K-SF Lease at One Seaport PlazaVCT Holdings, a global financial technology company, has signed a new sublease agreement at 199 Water Street, also known as One Seaport Plaza, in Lower Manhattan’s Seaport District.
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 imageCenterSquare, Hamilton Lane to Recapitalize Tenaya Village Retail Strip Center in Las VegasLAS VEGAS — CenterSquare Investment Management and funds managed by Hamilton Lane have announced a partnership to recapitalize Tenaya Village, a 49,554-square-foot retail strip center located in Las Vegas.
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.
CBL Uses Four Texas Malls in Packaging Portfolio for RefinancingShopping center owner and operator CBL Properties used four Texas malls of 13 properties for collateral to secure corporate refinancing. CBL refinanced $425 million financing secured by its 13 enclosed malls.
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.
Representative imageLargo Capital Arranges $26M Loan for Refinancing of Staten Island Shopping CenterNEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged a $26 million loan for the refinancing of a 99,897-square-foot shopping center in the Great Kills neighborhood of Staten Island.