Retail
Upstate NY Mall Changes Hands for $30M
Douglas Development Corp. purchased the 961,800-square-foot shopping center in a suburb of Buffalo, with plans to revitalize and rebrand the struggling asset. The deal included an adjacent Wegmans grocery store.
SVN Brokers Chicago Retail Asset Sale
A local real estate investor picked up two properties in the Lakeview neighborhood which are currently anchored by an Ann Sather restaurant.
KC’s Crown Center Nabs New Tenants
Local group PB&J Restaurants will replace the 8,400-square-foot Milano Italian Dining with a Burnt End BBQ restaurant and a full-service Starbucks.
Boston-Area Single-Tenant Retail Building Sells for $19M
The 64,227-square-foot property is located in Shrewsbury, Mass., and is triple-net leased to Price Chopper, a family-owned grocery chain.
Whitman Family Lands $550M Financing for Miami Retail Project
HFF has arranged the loans through MetLife Investment Management. The funds will be used to expand the 463,100-square-foot Bal Harbour Shops luxury property.
Primark to Open First Store in the Midwest
The company leased an entire building on Chicago’s State Street from The Georgetown Co., marking the largest deal closed on this retail corridor since 2014.
JV Acquires Raleigh-Area Power Center for $53M
Collett Capital and Long Warf Capital purchased the 321,000-square-foot retail asset. HFF arranged acquisition financing on behalf of the borrower, which plans to upgrade the property.
SVN Chicago Brokers Retail Asset Deal
Huntley Shops, home to national and regional tenants such as Dunkin Donuts, Papa Saverio’s Pizza, Hair Cuttery and H&R Block, sold for $3.1 million in an off-market transaction.
Fort Lauderdale Shopping Center Sells for $39M
Marcus & Millichap represented both parties involved in the deal. Walmart’s first supercenter in the city shadow anchors the Class A, 103,452-square-foot regional mall.
InvenTrust Properties Hires CFO
Daniel Busch comes from Green Street Advisors, where he served as managing director & lead analyst for the company’s retail team.