Shopping Center Business
WEB2 days ago — LeaseCon/TurnCon 2024. Student Housing Business and the InterFace Conference Group are pleased to announce the 6th annual LeaseCon/TurnCon conference will be held December 10th in Charlotte at the Hilton Charlotte Uptown.
Marcus & Millichap Brokers $6.3 Million Sale of Retail Center in ...
WEB12 hours ago — September 26, 2024. Alpharetta, Ga. — Marcus & Millichap has brokered the $6.3 million sale of Deerfield Village, a 16,500-square-foot retail center located in the Atlanta suburb of Alpharetta. Tenants at the property, which was fully leased at the time of sale, include Ichiban and Nahm.
Westwood Financial Purchases 83,787-Square-Foot Paradise Hills …
WEB12 hours ago — Phoenix — Westwood Financial has purchased Paradise Hills Shopping Center, a retail property located in Phoenix, from Abbington Emmerson Investments for an undisclosed price. Situated on 7.5 acres, the property totals 83,787 square feet of retail space. Tenants at the center include Ace Hardware, Pet Supplies Plus and Uptown Jungle.
Legacy Arranges Sale of 56,840-Square-Foot Shopping Center in …
WEB12 hours ago — September 26, 2024. Charlotte, N.C. — Legacy Realty Group Advisors has arranged the sale of Catawba Village, a 56,840-square-foot shopping center located in Charlotte. Food Lion anchors the property. Jacob Baruch of Legacy represented both the buyer and seller in the transaction. 0.
Benderson Acquires 25,000-Square-Foot Mixed-Use Property in …
WEB12 hours ago — 1. Winter Park, Fla. — Benderson Development has acquired Park Plaza, a 25,000-square-foot mixed-use property located in University Park, approximately six miles outside Orlando.The building features a 28-room boutique hotel as well as retail space. Benderson also recently acquired the Cypress Trace and Carillon Place shopping …
CNSREIT Acquires 142,000-Square-Foot Shopping Center in Metro …
WEB12 hours ago — September 26, 2024. Pooler, Ga. — Cohen & Steers Income Opportunites REIT (CNSREIT) has acquired Village on Pooler Parkway, a 142,000-square-foot shopping center located in Pooler, roughly 15 miles outside Savannah. CNSREIT purchased the center through a joint venture with Sterling Organization. Built in 2014, the property was …
Florida – Shopping Center Business
WEBSep 19, 2024 — PGIM Sells Grocery-Anchored Shopping Center Portfolio in Florida for $223.9 Million. Newark, N.J. — New Jersey-based PGIM Real Estate has sold a portfolio of seven grocery-anchored shopping centers in Florida. An undisclosed buyer purchased the portfolio, which comprises a total of 608,314 square feet of retail space, for $223.9 million.
News - Shopping Center Business
WEBClifton, N.J. — Cronheim Mortgage has arranged a $20 million loan for the refinancing of Styertowne Shopping Center, a 236,000-square-foot retail center located in the Northern New Jersey community of Clifton. Stew Leonard’s Farm Fresh Food & Wine anchors the property, which was originally built in 1949. Other tenants at the center include ...
Company news – Shopping Center Business
WEBAlbuquerque, N.M. — Restaurant chain Marco’s Pizza has signed a nine-unit development agreement in New Mexico. Franchisees Chris and Kristian Ornelas will own and operate the restaurants, with the first new units scheduled to open in Albuquerque and Rio Rancho before the end of the first quarter of 2025.
From The Magazine – Shopping Center Business
WEBJul 1, 2024 — The U.S. retail market is currently on a long stretch of rock-solid performance at the property level. The national vacancy rate is at a healthy 4.1 percent, according to first-quarter 2024 research from CoStar Group. This comes one quarter after a stellar 4 percent vacancy rate at year-end 2023. What’s more is net store openings are on pace ...