Retail
Orlando-Area Shopping Center Sells for $12M
Corporate Property Group Inc. sold the three-building asset completed in 2018. SRS Real Estate Partners negotiated the deal on behalf of the seller.
Washington REIT Sells $485M Retail Portfolio
First Washington Realty acquired the 800,000-square-foot group of five grocery-anchored shopping centers in high-income neighborhoods of the Washington, D.C., area.
Net Lease Investors Hungry for Casual Dining
Necessity-based retail is more e-commerce resistant, and there is a positive outlook for chain restaurants and gyms.
1031 Investor Chases Retail Yield in the Inland Empire
CBRE orchestrated a complex deal that resulted in its client’s purchase of Menifee Town Center and The Barn at Wildomar from separate sellers and the disposition of a Hollywood property.
Landes Group Refinances 26 CVS Stores Valued at $48M
Located in 11 states across the U.S., the assets total 312,000 square feet. Chemical Bank advised the buyer and developer of single-tenant retail assets.
Louisiana Mall Secures $33M Financing
Uber Capital Group originated the 15-year loan for Namdar Realty Group. Macy’s, Dillard’s and JCPenney anchor the roughly 1.6 million-square-foot asset in Lafayette.
Lee & Associates Facilitates Orange County Retail Sale
The asset traded for one of the highest per-square-foot prices for a retail center in the city, according to Principal Cory Stehr.
South Florida Retail Asset Commands Royal Price
InvenTrust Properties Corp. paid $97 million for a Costco-anchored shopping center in Royal Palm Beach. CBRE negotiated the deal on behalf of the seller.
CBL Properties Sells MS Retail Center for $32M
Best Buy, Dick’s Sporting Goods, HomeGoods, Michaels and Stein Mart anchor the 216,000-square-foot retail asset located 14 miles north of downtown Jackson.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.