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Shopping centers: deals – page 7
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Marcus & Millichap Brokers $19.5M Sale of Westgate Square Shopping Center in OrlandoORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando.
Representative imageSRS Arranges $10.9M Sale of New Retail Strip Center in Bradenton, FloridaBRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton.
DTLA’s Bank of America Plaza Trades for $210M in Receivership SaleColliers on Tuesday announced the sale of 333 S. Hope St., a/k/a Bank of America Plaza, in Downtown Los Angeles. The 1.4-million-square-foot office tower traded through a receivership sale, with fee-simple title delivered at closing.
Representative imageJLL Negotiates Sale of Retail Strip Center Portfolio in Dallas-Fort Worth, WacoDALLAS — JLL has negotiated the sale of a portfolio of five retail strip centers, four of which are scattered across the Dallas-Fort Worth metroplex. The fifth property is located in Waco. The centers’ addresses and square footages were not disclosed.
Shea Properties Completes $37.1M Sale of Shops at Highland Walk in Highlands Ranch, ColoradoHIGHLANDS RANCH, COLO. — Shea Properties has completed the $37.1 million sale of Shops at Highland Walk, a 94,795-square-foot retail center in Highlands Ranch, located south of Denver. Regency Centers acquired the asset.
NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, TexasKATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center.
Representative imageMarcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New JerseyPENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington.
Representative imagePinnacle Real Estate Advisors Arranges Sale of 94,949 SF Plaza West at Aurora Town Center in ColoradoAURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of the 94,949-square-foot Plaza West at Aurora Town Center, a retail center located at 13670 E. Alameda Ave. in Aurora.
Vornado Closes on 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The 1.2-million-square-foot office property at 55 E. 52nd St. traded at a gross valuation of $1.1 billion, a significant discount to replacement cost.
Wilder, Greenberg Gibbons Purchase 163,975 SF Shopping Center in Raleigh, Plan RenovationsRALEIGH, N.C. — Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975-square-foot shopping center located in Raleigh.
Representative imageMarcus & Millichap Arranges Sale of 62,400 SF Retail Center in East San AntonioSAN ANTONIO — Marcus & Millichap has arranged the sale of Rigsby Avenue Shopping Center, a 62,400-square-foot retail property located on the east side of San Antonio.
Representative imageColliers Brokers Sale of 52,889 SF Shopping Center in South HoustonHOUSTON — Colliers has brokered the sale of Parks at Boulder Creek, a 52,889-square-foot shopping center located in South Houston. The center sits on a 4.8-acre site at the southeast corner of Beltway 8 and Pearland Parkway.
Atlantic Capital Partners Arranges $78.5M Sale of 750,000 SF Shopping Center on Florida’s Space CoastWEST MELBOURNE, FLA. — Atlantic Capital Partners has arranged the $78.5 million sale of Hammock Landing, a 750,000-square-foot power retail center located in West Melbourne, a city on Florida’s Space Coast.
Cove Capital Investments Acquires 72,013 SF Shopping Center in Western KentuckyPRINCETON, KY. — Capital Cove Investments has acquired a 72,013-square-foot, grocery-anchored shopping center located at 55 U.S. Highway 62 in Princeton, a city in Western Kentucky’s Caldwell County.
JLL Brokers $12.1M Sale of Shopping Center in Fort Collins, ColoradoFORT COLLINS, COLO. — JLL Capital Markets has brokered the $12.1 million sale of Drake Crossing, a 56,214-square-foot retail center located at 2100 W. Drake Road Fort Collins.
Eastern Union Secures $13M to Acquire Ohio Shopping CenterEastern Union has arranged more than $12.96 million in financing toward the acquisition of Lima Center, a 174,078-square-foot shopping center located in Lima, Ohio. The purchase price for the center was $19.5 million.
Federal Realty Sells Harris Teeter-Anchored Shopping Center in Falls Church, Virginia for $58MFALLS CHURCH, VA. — Federal Realty Investment Trust has sold Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller in the $58 million transaction.
Colliers Brokers Sale of 82,847 SF Avalon Crossing Shopping Center in IndianapolisINDIANAPOLIS — Colliers has brokered the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis.
Mazaheri Acquires Norman Retail Center for $82.2MDisney Investment Group (DIG) brokered the $82.25 million sale of University Town Center (UTC) in Norman, Oklahoma. David Disney and Adam Crockett of DIG represented the seller, Rainier Companies and procured the buyer, Mazaheri Properties.
CTO Adds 163K-SF Atlanta Retail Center to Property PortfolioCTO Realty Growth acquired Madison Yards, a 163,000 square foot retail center in Reynoldtown, for $73.3 million. An affiliate of Heitman Capital Management was the seller. Crawford Square Real Estate Advisors will lease and manage the property.