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Shopping centers news – page 6
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Representative imagePartners Capital Acquires 41,041 SF Shopping Center in McAllen, TexasMCALLEN, TEXAS — Partners Capital, the investment arm of Partners Real Estate, has acquired a 41,041-square-foot shopping center in McAllen. Colonnade of McAllen was built in 2004 and was fully leased at the time of sale to a mix of service-oriented tenants.
Representative imageFirst Pioneer Properties Buys Queens Retail Center for $24MNew York-based real estate management and development firm First Pioneer Properties, along with ABS Partners Real Estate, has acquired a Queens retail center from Levy Properties for $23.5 million, property records made public Thursday show.
Major Sparks Retail Center Trades for $103MA 41-acre premier mixed-use retail and entertainment destination has traded hands in Sparks, Nevada. Legends at Sparks Marina traded for $103 million. Newmark’s Kyle Miller and Rob Ippolito represented the seller, BIG Shopping Centers USA and RED Development, in the transaction.
SRS Real Estate Negotiates $8M Sale of Retail Center in Mandeville, LouisianaMANDEVILLE, LA. — SRS Real Estate Partners has negotiated the $8 million sale of Mandeville Marketplace, a 62,324-square-foot retail center located in Mandeville.
Colliers Negotiates Sale of 30,865 SF Retail Center in Statesboro, GeorgiaSTATESBORO, GA. — Colliers has negotiated the sale of University Station, a newly constructed, 30,865-square-foot retail center located near the Georgia Southern University campus in Statesboro.
Nationwide Life Insurance Company Provides $51M Refi for D.C.-Area Retail CenterZuckerman Gravely has secured $50.75 million to refinance Potomac Place Shopping Center, an 80,000-square-foot, Class-A grocery anchored retail center in Potomac, Md., a suburb just outside of Washington, D.C., Commercial Observer can first report.
Madewell to Open Its First Rockefeller Center Store in 2027Tishman Speyer has signed Madewell to a long-term lease for 7,340 square feet at 1 Rockefeller Plaza. Slated to open in 2027, the new store marks Madewell’s first location at Rockefeller Center. Madewell offers premium denim, apparel, and accessories for women and men.
Podcast: How Landlords Can Solve the Tenant Visibility Problem – Sytes’ Rafael WeissRafael Weiss is the co-founder of Sytes, a marketplace platform that connects commercial real estate landlords, developers, and brokers with tenants actively looking for space in real time.
Zimmet Law Group Relocates to 5K SF at GFP’s 515 Madison AvenueZimmet Law Group is relocating its practice inside Manhattan’s Plaza District. Zimmet signed a 5,476-square-foot lease for a newly completed space inside GFP Real Estate’s 515 Madison Avenue, also known as the DuMont Building.
REPORT: JLL In Talks To Relocate Global HeadquartersJLL is in talks to move its headquarters to 100 N. Riverside Plaza. It's evaluating lease options.
Representative imageMadewell To Open New Store at Tishman Speyer’s 1 Rockefeller PlazaFamed denim and clothing brand Madewell is opening a new store at Tishman Speyer’s 1 Rockefeller Plaza, the landlord announced Thursday. The retailer signed a 7,340-square-foot lease at the Midtown landmark, where its new space will open in 2027.
Representative imageJLL Negotiates Sale of 291,958 SF Shopping Center in Paris, TexasPARIS, TEXAS — JLL has negotiated the sale of a 291,958-square-foot shopping center in Paris, about 100 miles northeast of Dallas. Paris Towne Center was built in 1976 and is home to tenants such as Aldi, Hobby Lobby, Ross Dress for Less, T.J.
Vornado, Related's Google-Anchored Office Building Faces 'Imminent Default'The $625M debt on the Chelsea office building matures in December.
AV Management Nabs SoHo Mixed-Use for $43MCushman & Wakefield arranged the sale of 73-75 Sullivan St., a newly constructed mixed-use property totaling 32,957 square feet and comprising 11 residential units and a ground-floor commercial space anchored by The Montessori School. The final sale price was $43,333,000.
Fully Leased Chula Vista Retail Fetches $30MJLL Capital Markets arranged the $30.4-million sale of Terra Nova Plaza, a fully leased, 96,114-square-foot retail property positioned within a 301,000-square-foot regional shopping center in Chula Vista.
JLL Brokers Sale of 273,105 SF Shopping Center in RaleighRALEIGH, N.C. — JLL has brokered the $36 million sale of Townridge Shopping Center, a 273,105-square-foot shopping center in Raleigh. Tom Kolarczyk, Michael Nieder and Brian Page of JLL represented the seller, Zeisler-Morgan Properties, in the transaction.
Finmarc Sells Shopping Center in Manassas, Virginia for $24.5MMANASSAS, VA. — Bethesda, Md.-based Finmarc Management Inc. has sold Festival at Manassas, a 117,675-square-foot shopping center in Northern Virginia, for $24.5 million. JCR Cos. purchased the grocery-anchored property, which is located at 10288-10388 Festival Lane in Manassas.
JLL Negotiates $30.4M Sale of Fully Leased Retail Center in Chula Vista, CaliforniaCHULA VISTA, CALIF. — JLL Capital Markets has arranged the $30.4 million sale of Terra Nova Plaza, a fully leased retail center in the San Diego Bay city of Chula Vista. A global investment manager sold the property to an undisclosed buyer.
La La Land Cafe Signs with Brixton Capital for First San Diego LocationBrixton Capital, a vertically integrated owner and operator of retail and multifamily properties, has secured a lease with La La Land Café to occupy the mezzanine terrace and café space at its upscale Del Mar Plaza retail destination.
Representative imageCBRE Arranges $18.4M in Financing for Shopping Center in Perth Amboy, New JerseyPERTH AMBOY, N.J. — CBRE has arranged $18.4 million in financing for ≈, a 91,280-square-foot shopping center located in the Northern New Jersey community of Perth Amboy.