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Shopping centers: deals – page 5
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Representative imagePalo Duro Commercial Arranges Sale of 13,500 SF Retail Strip Center in The Woodlands, TexasTHE WOODLANDS, TEXAS — Local brokerage firm Palo Duro Commercial Partners has arranged the sale of Shoppes at Sawdust, a 13,500-square-foot retail strip center located north of Houston in The Woodlands.
SRS Real Estate Brokers $7.9M Sale of Retail Strip Center in Wesley Chapel, FloridaWESLEY CHAPEL, FLA. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa.
Representative imageJLL Negotiates Sale of 441,620 SF Retail Power Center in Cedar Park, TexasCEDAR PARK, TEXAS — JLL has negotiated the sale of 1890 Ranch, a 441,620-square-foot retail power center in Cedar Park, a northern suburb of Austin.
Sale of Oceanwide Plaza in DTLA Clears Hurdle with Bankruptcy Court ApprovalLos Angeles Mayor Karen Bass said Tuesday that graffiti removal and blight abatement will now begin following a confirmation hearing earlier Tuesday for the sale of Oceanwide Plaza. The hearing followed Monday’s announcement by the U.S.
Two Mesquite Retail Centers Trade for a Combined $45MBlueprint Investment Properties purchased the 100%-leased Broadmoor Plaza in Mesquite. About the same time, Newport Capital Partners purchased the Towne Crossing development.(shown).
Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5MAUBURN, WASH. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located approximately 20 miles south of Seattle in Auburn, for $69.5 million.
Ardent Acquires Kennesaw MallTown Center at Cobb in Kennasaw transferred to The Ardent Cos. as part of a foreclosure auction. The Atlanta Business Chronicle reports the transaction was valued at $51.75 million.
JLL Arranges Sale of 365,071 SF Shopping Center in Whitehall, PennsylvaniaWHITEHALL, PA. — JLL has negotiated the sale of Whitehall Plaza, a 365,071-square-foot shopping center located in the Lehigh Valley.
Largely Vacant Santa Monica Offices Get New Life as School CampusColliers arranged the all-cash sale of Ocean Park Plaza, a two-story, 100,700-square-foot office and medical building at 2701 Ocean Park Blvd. in Santa Monica. The buyer, an undisclosed co-educational school, plans to relocate to the property and establish its new campus there.
Representative imageJLL Negotiates $54.3M Sale of Retail Center in Bridgewater, New JerseyBRIDGEWATER, N.J. — JLL has negotiated the $54.3 million sale of The Village at Bridgewater Commons, a 92,461-square-foot retail center in Central New Jersey.
Marcus & Millichap Arranges Sale of 33,744 SF Retail Center in Prairieville, LouisianaPRAIRIEVILLE, LA. — Marcus & Millichap has arranged the sale of Commerce Centre, a 33,744-square-foot retail center located at 17097 Airline Highway in Prairieville, about 18 miles southeast of Baton Rouge.
Bridges Development Group Buys Kingswood Center in Brooklyn for $31MKingswood Center in Brooklyn’s Midwood neighborhood has a new owner, Commercial Observer has learned. The 229,926-square-foot shopping center at 1630 East 15th Street sold for $31 million to Michael Berfield’s Bridges Development Group, according to broker JLL.
JLL Arranges $28.2M Sale of Westwood Town Center in Suburban ClevelandROCKY RIVER, OHIO — JLL Capital Markets has arranged the $28.2 million sale of Westwood Town Center, a shopping center in Rocky River near Cleveland. Built in 1988, the property totals 226,155 square feet.
Younger Partners Sells 86K-SF Prosper Retail CenterYounger Partners Investments (YPI) sold Shops at Prosper Trail, an 86,698-square-foot retail center 35 miles north of downtown Dallas in Prosper, Texas, to Phillips Edison & Company. Built in 2016, Shops at Prosper Trail is 100% occupied.
Colliers Brokers Sale of 111,852 SF Shopping Center in AshevilleASHEVILLE, N.C. — Colliers has brokered the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville.
Representative imageJLL Brokers Sale of 72,184 SF Shopping Center in Northwest HoustonHOUSTON — JLL has brokered the sale of Vintage Marketplace, a 72,184-square-foot shopping center in northwest Houston. Whole Foods Market anchors the center, which was roughly 95 percent leased at the time of sale.
Representative imageJLL Negotiates Sale of 353,000 SF Retail Power Center in San AntonioSAN ANTONIO — JLL has negotiated the sale of The Legacy Shopping Center, a 353,000-square-foot retail power center located in San Antonio’s Far North Central submarket.
Representative imageRoadside Development Acquires 168,000 SF Shopping Center Near PittsburghMOUNT LEBANON, PA. — Washington D.C.-based Roadside Development has acquired the Galleria at Mount Lebanon, a 168,000-square-foot shopping center located just outside of Pittsburgh.
Marcus & Millichap Brokers $14M Sale of LA Fitness-Anchored Retail Property in Metro ChicagoMUNDELEIN, ILL. — Marcus & Millichap has arranged the nearly $14 million sale and financing of a LA Fitness-anchored, four-suite retail property in Mundelein.
Marcus & Millichap Brokers Sale of 99,097 SF Shopping Center in Grenada, MississippiGRENADA, MISS. — Marcus & Millichap has brokered the sale of Riverbirch Plaza, a 99,097-square-foot shopping center located at 1201-1231 Sunset Drive in Grenada, which is roughly midway between Jackson, Miss., and Memphis via I-55.