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Shopping centers news – page 8
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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).
Representative imageHDR Signs 74,500 SF Office Lease at 7 Penn Plaza in Midtown ManhattanNEW YORK CITY — HDR has signed a 74,500-square-foot office lease at 7 Penn Plaza in Midtown Manhattan. The architecture and engineering firm will occupy the 15th, 16th and 17th floors of the 18-story, 357,000-square-foot building, which is located at 370 Seventh Ave.
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.
Mindspace to Open Largest U.S. Location at Transamerica ComplexGlobal flexible workspace provider Mindspace has signed a new 54,000-square-foot lease at Two Transamerica Plaza, located at 505 Sansome St., San Francisco, within the Transamerica complex, marking the company’s second location in San Francisco and its largest in the U.S.
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.
Live Shopping Marketplace Storefront Takes 5K SF at 555 West 25th StreetStorefront, a new e-commerce platform and live shopping marketplace for brands and independent sellers, has signed a 4,700-square-foot lease at Mactaggart Family & Partners’ office building at 555 West 25th Street, Commercial Observer has learned.
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.
Representative imageEōS Fitness to Open 40,000 SF Gym in The Woodlands, TexasTHE WOODLANDS, TEXAS — EōS Fitness will open a 40,000-square-foot gym in The Woodlands, about 30 miles north of Houston. EōS will join Elite Pickleball Club and Slick City Action Park as anchor tenants at Dudley Sports Plaza, located at the corner of FM 1488 and Kuykendahl Road.
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 Inks Heritage Plaza Leasing DealJLL has recently been selected as the exclusive leasing team for Heritage Plaza.
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.
Representative imageRH Outlet Opens 50,700 SF Store at Ikea Drive Plaza in Paramus, New JerseyPARAMUS, N.J. — RH Outlet has opened a 50,700-square-foot store in the Northern New Jersey community of Paramus. The luxury home furnishings retailer has relocated its Paramus store from an unspecified, nearby space to a freestanding building within Ikea Drive Plaza.
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.