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Shopping centers news
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CenterCal Properties Buys 255K-SF Arizona Retail CenterCenterCal Properties acquired Park West Shopping Center, a 254,982-square-foot theater-anchored lifestyle center located in Peoria, Arizona. Originally completed in 2007, Park West Shopping Center is located at 9744 W Northern Ave.
Evergreen Breaks Ground on Fitness-Anchored Shopping Center in Metro PhoenixCAVE CREEK, ARIZ. — Evergreen Development, on behalf of the Bullington family, has broken ground on Black Mountain Marketplace, a planned 13.3-acre neighborhood center located in Cave Creek, roughly 30 miles north of Phoenix.
Cushman & Wakefield | Commercial Kentucky Negotiates Sale of Mid-City Mall in Louisville, Buyer Plans $60M Mixed-Use RedevelopmentLOUISVILLE, KY. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Mid-City Mall, a 185,000-square-foot former shopping center in Louisville. The existing structure is scheduled for demolition in January 2027 to make way for a $60 million mixed-use project.
Rouler Advisors Begins $2M Renovation of Westgate Shopping Center in Metro DenverLAKEWOOD, COLO. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver.
Plaza Lakes to Develop 130,000 SF Shopping Center in Kissimmee, FloridaKISSIMMEE, FLA. — Plaza Lakes, a subsidiary of a private, family-owned business group from Puerto Rico, plans to develop a 130,000-square-foot shopping center located along Simpson Road in Kissimmee, a suburb of Orlando.
PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in ArizonaCASA GRANDE, ARIZ. — PREP Property Group has purchased Promenade at Casa Grande, a regional shopping center in Casa Grande, approximately 50 miles south of Phoenix. Terms of the acquisition were not released.
Bal Harbour Shops Debuts ExpansionBal Harbour Shops has opened a 200,000-square-foot expansion, adding retail and dining space to the luxury shopping center as its owner pursues a separate mixed-use development with hundreds of apartments and a hotel. The S.
Representative imageMarcus & Millichap Brokers $14.6M Sale of Shopping Center in Matawan, New JerseyMATAWAN, N.J. — Marcus & Millichap has brokered the $14.6 million sale of Park Plaza, a 61,750-square-foot shopping center in the Northern New Jersey community of Matawan. The center was built on 5.8 acres in 1986 and comprises 20 suites.
United Properties Acquires Two Retail Centers in Iowa, Ohio for $34.4MDAVENPORT, IOWA AND MANSFIELD, OHIO — United Properties Corp. has acquired two retail centers in Iowa and Ohio for a total price of $34.4 million. The company now owns more than 10 million square feet. Village Shopping Center in Davenport totals 233,100 square feet.
Continental Realty Buys Quebec Village Shopping Center Near Denver for $31MCENTENNIAL, COLO. — Continental Realty Corp. (CRC) has acquired Quebec Village Shopping Center, located at 8223 S. Quebec St. in Centennial, from Kensington Development Partners for $31 million.
Continental Buys 125K-SF Centennial Shopping CenterContinental Realty Corporation added to its Denver-area retail portfolio with the $31 million acquisition of Quebec Village Shopping Center in Centennial, Colorado.
Chester County Shopping Center Expanding As Giant, Target Prepare To Open: The Philadelphia Deal SheetThe Shoppes of Sadsbury is expanding near Coatesville as Giant and Target prepare to move in.
Core, Midloch Acquire Celebrated Denver Shopping CenterCore Acquisitions and Midloch Investment Partners purchased the 271,632-square-foot Lamar Station Plaza property on Wednesday for $30.25 million. The shopping center, at 6431-6791 W. Colfax Ave., was 76% occupied at the time of the sale. Broadstreet was the seller.
Slatt Capital Arranges $12M Refinancing for Multi-Tenant Retail Center in Palm Springs, CaliforniaPALM SPRINGS, CALIF. — Slatt Capital has arranged a $12 million loan to refinance Gene Autry Plaza, a 60,629-square-foot multi-tenant retail center located in Palm Springs.
Representative imageWeitzman Buys 51,933 SF Shopping Center in Helotes, TexasHELOTES, TEXAS — A limited partnership managed by Weitzman has purchased Helotes Plaza, a 51,933-square-foot shopping center located on the northwestern outskirts of San Antonio.
Dorsey Development Adds Gulf Breeze Retail Center to Gulf Coast HoldingsExposition Properties sold Live Oak Shopping Center to Dorsey Development for $14 million. The 107,065-square-foot retail center is located at 1151 Gulf Breeze Parkway in Gulf Breeze, FL. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller.
Wereldhave Sells €63M Shopping Center To French InvestorWereldhave sells Eggert Center to Transitions Europe in a €62.8M deal.
Colliers Negotiates $14M Sale of Shopping Center in Gulf Breeze, FloridaGULF BREEZE, FLA. — Colliers has negotiated the $14 million sale of Live Oak Village, a 107,065-square-foot shopping center located at 1151 Gulf Breeze Parkway in Gulf Breeze, a beach town in Florida’s Panhandle.
Cronheim Mortgage Arranges $70M Acquisition Loan for Long Island Shopping CenterCOMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale.
Representative imageCushman & Wakefield Brokers $109.5M Sale of Northern New Jersey Shopping CenterWOODCLIFF LAKE, N.J. — Cushman & Wakefield has brokered the $109.5 million sale of Tice’s Corner, a lifestyle shopping center located in the Northern New Jersey community of Woodcliff Lake.