Retail
Finmarc Management Buys MD Shopping Center
The company paid $43.9 million to acquire a 280,000-square-foot Upper Marlboro mall, which is anchored by Marshalls, Shoppers Food Warehouse, Regency Furniture, Advanced Dollar Tree and Dress Barn.
Asana Partners Buys Atlanta Retail Asset
The Trader Joe’s-anchored shopping center in the city’s Midtown submarket contains more than 110,000 square feet along the Eastside BeltLine trail.
SRS Real Estate Partners Brokers KY Retail Center Sale
Crestwood Crossing, a roughly 19,000-square-foot retail asset in Crestwood, changed hands for $3.5 million. An Ohio-based buyer purchased the asset from a local developer.
Energy Retrofits Boost California Retail Portfolio
Phillips Edison teams up with Blue Sky Utilities for a series of upgrades that cut costs for owner and tenants while reducing the REIT’s carbon footprint.
JLL Carolinas Hire New VPs of Retail Services
Margot Bizon and Lindsay Stafford both worked at Katz & Associates prior to joining JLL’s retail brokerage team in the company’s Charlotte office.
Santa Monica Retail Receives $10M Refi
NorthMarq’s Los Angeles office secured the permanent fixed-rate loan through a CMBS lender. The approximately 16,000 square feet retail space is located in the city’s shopping district.
ShopOne Centers REIT Enters DC Market
The company continued its growth along the Interstate 95 corridor with the acquisition of Eastgate Shopping Center in Lanham, Md.
Weiss Development Sells LA Retail Portfolio
The four properties totaling 65,400 square feet include two Petco stores, an Office Depot and a multi-tenant building. Newmark Knight Frank arranged the deal on behalf of the seller.
Chase Properties Expands Louisiana Retail Footprint
The company purchased Prien Lake Shopping Center, a 135,000-square-foot asset located in Lake Charles and anchored by Marshalls, Ross Dress for Less and Bed Bath & Beyond.
Net Lease Retail Cap Rates Flat in Q4, Up for the Year
Industry participants expect an active market in 2019, as well as higher acquisition yields, The Boulder Group reports.