Retail
NJ Shopping Center Adds New Tenant
Asian Food Markets signed a lease to occupy 43,152 square feet in Onyx Equities’ Plainsboro Plaza Shopping Center, becoming the property’s anchor tenant.
SIGNA, RFR Close on Chrysler Building Purchase
Abu Dhabi Investment Council and Tishman Speyer have sold off the iconic 77-floor office tower in Midtown Manhattan, plus the adjacent pyramid-topped retail center.
Cayuga Capital Secures $22M for Brooklyn Retail Conversion
The landlord has already locked down a long-term tenant for the entire building—California-based Vital Climbing Gym will open its first East Coast location in April 2020.
Single-Tenant WI Retail Asset Trades for $3M
Quantum Real Estate Advisors brokered the disposition of a fully occupied, 4,442-square-foot building in Fitchburg. The tenant has a remaining 20-year term on the lease.
Tanger Outlets Sells Multi-State Portfolio for $131M
A joint venture including Singerman Real Estate has purchased four retail centers in Nags Head, N.C.; Ocean City, Md.; Park City, Utah; and Williamsburg, Iowa.
What’s in Store for the Big-Box Market?
Acquisition yields held steady at 5.7 percent last year, with many of the core regions posting cap rates at or near 5 percent, according to the latest Colliers International outlook.
Austin FC Stadium Reveals Its Development Team
Austin Commercial, Gensler and CAA ICON join forces to deliver the 20,500-seat, $240 million soccer park and stadium in time for the 2021 Major League Soccer season.
E-Commerce No Match for Eateries, Exercise, Experience
Food and fitness services in addition to trendy soft goods seems to be a winning combination for retailers and retail real estate operators. But there are a few nuances that owners shouldn’t miss.
OH Retail Development Receives $19M Construction Financing
The three-year, interest-only loan secured by Berkadia represents 73 percent loan-to-cost and was closed with 50 percent of the retail space pre-leased.
Berengaria, Africk Family Purchase MO Retail Center
The Shoppes at North Village in St. Joseph marks the third asset the two groups bought together. The retail center is shadow-anchored by Target, Wal-Mart, Sam’s Club and Home Depot.