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Shopping centers news – page 3
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Minnesota DNR Signs 124,520 SF Headquarters Lease at River Park Plaza in St. PaulST. PAUL, MINN. — The Minnesota Department of Natural Resources (DNR) has selected River Park Plaza in St. Paul for its new headquarters.
Representative imageRFR Buys Prada-Anchored Upper East Side Retail Condo at 841 Madison Avenue for $57MAn Upper East Side retail condominium at 841 Madison Avenue has traded hands for $57 million, Commercial Observer has learned.
JLL Negotiates $41.2M Sale of Stanley Marketplace in Aurora, ColoradoAURORA, COLO. — JLL Capital Markets has arranged the $41.2 million sale of Stanley Marketplace, a 102,125-square-foot adaptive reuse retail development located in Aurora. Jason Schmidt and Austin Snedden of JLL represented the seller, Westfield Co., in the transaction.
Faris Lee Brokers $4M Sale of Retail Strip Center in AlbuquerqueALBUQUERQUE, N.M. — Faris Lee Investments has brokered the $4 million sale of a newly constructed, three-tenant retail strip center located in Albuquerque. The 5,375-square-foot property was fully leased to El Pollo Loco, Jamba and Xfinity at the time of sale.
Representative imageNewmark Negotiates Sale of 51,664 SF Retail Center in Southlake, TexasSOUTHLAKE, TEXAS — Newmark has negotiated the sale of Cornerstone Plaza, a 51,664-square-foot shopping center in Southlake. Cook Children’s Medical Center anchors the two-building center, which was built in 2002 and was fully leased at the time of sale.
Representative imageMarcus & Millichap Brokers Sale of 9,920 SF Retail Strip Center in Missouri City, TexasMISSOURI CITY, TEXAS — Marcus & Millichap has brokered the sale of Brazos Lake Shopping Center, a 9,920-square-foot retail strip center in Missouri City, a southwestern suburb of Houston.
Representative imageMarcus & Millichap Brokers Sale of 30,800 SF Retail Strip Center in Victoria, TexasVICTORIA, TEXAS — Marcus & Millichap has brokered the sale of Dollar Tree Plaza, a 30,800-square-foot retail strip center in Victoria, about 85 miles north of Corpus Christi.
Evergreen Development Acquires 11.7 Acres in Mesa, Arizona, Plans Mixed-Use ProjectMESA, ARIZ. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that will feature multifamily space and a new retail center.
Northern New Jersey Shopping Center Changes HandsAdoni Property Group has acquired the 60,614-square-foot shopping center in Northern New Jersey’s Basking Ridge from Kushner Real Estate Group.
Nearly 35K SF Shopping Center Sells For $8.5M: The Denver Deal SheetWabash Marketplace sold off-market for $8.5M to James Harris, a seasoned Denver real estate investor.
HR Tech Firm Gusto Expands to 76K SF at Vornado’s Penn 1Human resources technology company Gusto has doubled its footprint at Vornado Realty Trust’s 2.5 million-square-foot Midtown office tower Penn 1, also known as 1 Pennsylvania Plaza.
SRS Real Estate Arranges $11.7M Sale of Lumberjack Square Shopping Center in Bakersfield, CaliforniaBAKERSFIELD, CALIF. — SRS Real Estate Partners has arranged the $11.7 million sale of Lumberjack Square, an 85,031-square-foot shopping center located in Bakersfield.
Suburban Chicago Shopping Center Sells For $122M In Major Retail DealFairbourne Properties bought Village Crossing in Skokie for $122M, one of the largest sales in the Chicago area since 2016.
Marcus & Millichap Brokers $8.5M Sale of Wabash Marketplace Shopping Center in DenverDENVER — Marcus & Millichap has brokered the sale of Wabash Marketplace, a shopping center in Denver’s Cherry Creek neighborhood. An entity doing business as Wabash Retail LLC sold the property for $8.5 million, or $243 per square foot. Located at 8400 E.
Albany Plans $25M Makeover for Government ComplexNew York’s Office of General Services (OGS) plans to spend $25 million to improve Empire State Plaza, a 98-acre complex of state government buildings in Albany, with the aim of creating a more active and accessible civic space.
Developer Looking to Transform Phoenix Shopping CenterOne of Phoenix’s oldest shopping centers is gearing up for a potentially major transformation.
Representative imageJLL Negotiates Sale of 86,698 SF Shopping Center in Prosper, TexasPROSPER, TEXAS — JLL has negotiated the sale of an 86,698-square-foot shopping center in Prosper, a northern suburb of Dallas. Shops at Prosper Trail was built in 2016 and was fully leased at the time of sale.
CBRE Negotiates $62.5M Sale of Shopping Center in Vernon, ConnecticutVERNON, CONN. — CBRE has negotiated the $62.5 million sale of Tri-City Plaza, a 295,817-square-foot shopping center in Vernon, located northeast of Hartford. Grocer Shoprite anchors the center, which was 96 percent leased at the time of sale. Other tenants include T.J.
Marcus & Millichap Brokers $11.5M Sale of Retail Strip Center in Glendale Heights, IllinoisGLENDALE HEIGHTS, ILL. — Marcus & Millichap has brokered the $11.5 million sale of Bloomingdale Plaza in Glendale Heights.
Partners Capital Sells Austin Shopping Center, Citing Strong Investor AppetitePartners Capital sells Oak Hill Plaza retail center in Austin, showing strong investor interest.