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Shopping centers news – page 20
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CBRE Arranges $20.5M Sale of Shops at Dublin Commons in Colorado SpringsCOLORADO SPRINGS, COLO. — CBRE has brokered the $20.5 million sale of the Shops at Dublin Commons, a retail strip center in Colorado Springs. Parker Brown, Matthew Henrichs and Brad Lyons of CBRE represented John Winsor of Olive Real Estate Partners in the transaction.
Target to Open at Wynnewood VillageTarget is preparing to open a large-format store at Wynnewood Village shopping center, southwest of Dallas. The new store, located at 655 W. Illinois Ave., encompasses approximately 110,000 square feet.
CBRE Arranges $98.2M Sale of Retail Power Center in South Windsor, ConnecticutSOUTH WINDSOR, CONN. — CBRE has arranged the $98.2 million sale of The Shops at Evergreen Walk, a 357,742-square-foot retail power center in South Windsor, located just outside of Hartford.
BH Properties Acquires 75,000 SF The Shops at Mauna Lani Retail Center in HawaiiKAMUELA, HAWAII — BH Properties has purchased The Shops of Mauna Lani, an open-air retail center along the Kohala Coast on the Island of Hawaii. Terms of the transaction were not released.
Transwestern Brokers IHDA Lease at Michigan PlazaTranswestern announced the Illinois Housing Development Authority (IHDA) signed a new, 72,645-square-foot lease at Michigan Plaza, 205 and 225 N. Michigan Ave.
Representative imageFederal Realty Acquires Shopping Center in Rockville, Maryland for $72.3MROCKVILLE, MD. — Federal Realty Investment Trust, a retail REIT based in North Bethesda, Md., has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, for $72.3 million. The seller was not disclosed.
Representative imageMarcus & Millichap Brokers Sale of 61,982 SF Shopping Center in Northwest HoustonHOUSTON — Marcus & Millichap has brokered the sale of Huntwick Village, a 61,982-square-foot shopping center in northwest Houston.
Jamestown, NY Life Developing Massive Alpharetta Entertainment DistrictJamestown and New York Life are working together on plans for an entertainment destination at the old North Point Mall, anchored by a 20,000-seat hockey arena. Regarding the hockey arena, the developers hope to attract the National Hockey League’s attention.
Warby Parker to Open 14th Virginia Store at Virginia GatewayNational eyewear brand Warby Parker is set to open its 14th Virginia location at the Virginia Gateway shopping center in Gainesville. Virginia Gateway is an approximately 660,000-square-foot regionally dominant retail center located at the intersection of Routes 66 and 29.
Chelsea Lighting Expands HQ to 14K SF at 14 Penn PlazaA residential lighting company is doubling the size of its headquarters at Circle Realty’s 225 West 34th Street, Commercial Observer has learned.
Representative imageFederal Realty Pays $72M for Another Retail Plaza in Southern MarylandGrocery-anchored retail has become commercial real estate’s most reliable sector, including for Federal Realty Investment Trust. The North Bethesda, Md.-based, retail-focused real estate investment trust paid $72.3 million for Congressional North Shopping Center in Rockville, Md.
Transwestern Offloads Houston Medical PlazaEdloe Realty acquired Greenhouse Medical Plaza at 2051 Greenhouse Road near Energy Corridor from Transwestern. Transwestern previously purchased and converted the 114,413-square-foot Greenhouse building into a medical plaza in 2018.
Hanley Closes Four Retail Sales for Orange County InvestorHanley Investment Group Real Estate Advisors completed the sale of four separate Southern California retail pad and strip center assets totaling more than $32 million. The properties were sold individually as part of a targeted break‑up strategy designed to maximize pricing.
Representative imageAshkenazy Sells L.A. Retail Center to Cedars-Sinai for $270MThe largest owner of luxury retail space in Beverly Hills has unloaded a 340,000-square-foot shopping center adjacent to the wealthy enclave.
New York Life Lends $75M on Apartments at Queens Shopping CenterQueens developer Cord Meyer Development has landed $75 million of construction financing to build a multifamily project atop a parking area at the Bay Terrace Shopping Center, Commercial Observer can first report.
Cushman & Wakefield Negotiates Sale of 204,810 SF Stony Creek Marketplace Near IndianapolisNOBLESVILLE, IND. — Cushman & Wakefield has negotiated the sale of Stony Creek Marketplace, a 204,810-square-foot regional shopping center in Noblesville, a northern suburb of Indianapolis. Anchor tenants include Best Buy, TJ Maxx and HomeGoods.
Representative imageMatthews Arranges Sale of 55,946 SF Retail Property Near ColumbusREYNOLDSBURG, OHIO — Matthews has arranged the sale of Broad Street Plaza East, a 55,946-square-foot retail center in Reynoldsburg near Columbus. Pierce Mayson, Kyle Stonis, Ben Snyder, Zack Bates and Boris Shilkrot of Matthews represented the seller, Garner Group.
Representative imageNewQuest Inks Three Ground Leases at Texas Heritage Marketplace in KatyKATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy.
Representative imageClub Studio Fitness to Open 30,240 SF Gym in Cherry Hill, New JerseyCHERRY HILL, N.J. — Club Studio Fitness will open a 30,240-square-foot gym in the Southern New Jersey community of Cherry Hill. The space is located within Ellisburg Shopping Center and will include training areas, a juice bar and recovery facilities.
The Shift of Global Semiconductor Location StrategiesOne mantra of successful commercial real estate operations has boiled down to three words: Location, location, location. This has held, whether the asset in question is a multifamily property, a retail center, or a semiconductor physical fabrication plant—“fab” for short.