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Market Data
Shopping centers: deals – page 9
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Representative imageWeitzman LP Acquires 87,857 SF Shopping Center in ArlingtonARLINGTON, TEXAS — A limited partnership (LP) managed by Weitzman has acquired Cooper Street Annex, an 87,857-square-foot shopping center in Arlington. Cooper Street Annex was fully leased at the time of sale to tenants such as Cavender’s Boot City, O’Reilly Auto Parts, Chuck E.
CBRE Brokers $6.2M Sale of Harbor Central Retail Center in West SacramentoWEST SACRAMENTO, CALIF. — CBRE has arranged the sale of Harbor Central, a neighborhood retail center in West Sacramento. A subsidiary of CJ Park & Associates acquired the asset from Harbor Corners LLC for $6.2 million.
Finmarc Sells Capital Marketplace Retail Center in Raleigh for $80.6MRALEIGH, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power shopping center located on 53 acres along U.S. Route 1 in Raleigh.
CJ Park Acquires West Sacramento Neighborhood CenterHarbor Central, a neighborhood shopping center in West Sacramento, California, has sold for $6.2 million. A subsidiary of CJ Park & Associates acquired Harbor Central from Harbor Corners LLC. Randy Getz and Rick Martinez of CBRE in Sacramento represented the seller.
Cooper Group Arranges Sale of Multi-Tenant Retail Center in Washington Court House, OhioWASHINGTON COURT HOUSE, OHIO — The Cooper Commercial Investment Group has brokered the sale of Fayette Square, a multi-tenant retail center in Washington Court House, about 50 miles east of Dayton. The property is fully leased and shadow anchored by Walmart Supercenter.
Twin Cities Retail Plaza Adds to Retail Tenant LineupRosedale Center, a 1,142,972-square-foot shopping center located in the heart of the Twin Cities, announced several tenant updates. Abercrombie & Fitch will open a 5,500-square-foot store this summer, and Hammer Made will open a 576-square-foot store later this month.
Representative imageJLL Arranges Sale of 76,426 SF Shopping Center in North DallasDALLAS — JLL has arranged the sale of Shops at Mockingbird, a 76,426-square-foot shopping center in North Dallas. The center was built on 6.4 acres adjacent to Dallas Love Field Airport in 2008. LA Fitness anchors the property, which was 94.7 percent occupied at the time of sale.
Rio Investments Acquires 353K-SF San Antonio Shopping CenterRio Investments purchased The Legacy, a 353,000-square-foot retail center in San Antonio. The San Antonio Business Journal reports Nassau CorAmerica lent $37.8 million in acquisition financing to Rio Investments to help close the deal. Santikos Entertainment was the seller.
Pegasus Brokers Sale of Theater-Anchored Mixed-Use Property in North HollywoodLOS ANGELES — Pegasus has arranged the purchase of Laemmle NoHo 7, a marquee theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles.
Laemmle Re-Acquires North Hollywood Theater It Sold to DeveloperPegasus advised on the $6.5-million acquisition of the Laemmle NoHo 7, a marquee theater-anchored mixed-use retail and office property located in the NoHo Arts District in North Hollywood.
399K-SF McAllen Shopping Center Trades for $81.6MCTO Realty Growth acquired the Palms Crossing Shopping Center in McAllen for $81.6 million. WPG (Washington Prime Group) was the seller. The 47-acre property features 399,000 square feet of retail space.
Continental Realty Acquires 14-Property Shopping Center Portfolio in Southeast, MidwestBALTIMORE AND HILLARD, OHIO — Continental Realty Corp. has purchased a 14-property shopping center portfolio spread across seven states in the Southeast and Midwest.
Continental Realty Acquires 14-Property U.S. Shopping Center PortfolioBetting big on retail in secondary markets, Continental Realty has acquired 14 shopping centers across the Southeast and the Midwest. Continental Realty’s acquisition from U.S. Properties Group spans seven states and encompasses more than 2 million square feet of retail.
Town Lane, Gillon Acquire 460K-SF Allen Retail CenterTown Lane and Gillon Property Group (GPG) acquired Watters Creek Village, a 460,000-square-foot, grocery-anchored mixed-use destination in Allen, Texas. Charter Holdings and DuWest Realty were the sellers. An Ares Real Estate fund provided the debt financing for the acquisition.
Phoenix Commercial Advisors Negotiates Sale of 20,325 SF Pecan Plaza Shops in Queen Creek, ArizonaQUEEN CREEK, ARIZ. — Phoenix Commercial Advisors has facilitated the off-market sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center in Queen Creek. The property sold for $13.5 million, or $656.83 per square foot.
Brixton Capital Buys Escondido Gateway Shopping Center in Metro San Diego for $28MESCONDIDO, CALIF. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million.
Greenstone Partners Brokers Sale of Skokie Retail CenterGreenstone Partners arranged the sale of Gross Point Crossing, a 19,000-square-foot suburban retail center located in Skokie, Illinois, for $3.875 million.
Walker & Dunlop Arranges $55M for Ohio Mixed-Use DevelopmentWalker & Dunlop has arranged $55.16 million in total construction financing for Phase I of Belle Oaks Marketplace, a mixed-use redevelopment in Richmond Heights, Ohio.
Investor Group Acquires The Moran CityCentreMetroNational and hospitality firm Rockbridge, acquired The Moran CityCentre. Midway was the seller. The 244-room hotel features on-site offerings, including Café Moran and The Allegory Bar, featuring a terrace overlooking the central plaza.
Brixton Capital Adds Escondido Shopping Center in Off-Market DealBrixton Capital, a vertically integrated operator of retail and multifamily properties, acquired the Escondido Gateway shopping center from Del Mar-based Mountain Pacific Properties for $28 million in an off-market transaction.