Retail
Texas Developer Nabs 294 KSF Charlotte Shopping Center
CBRE facilitated the deal on behalf of the seller. Ross Dress for Less, Michaels, Office Depot, Guitar Center and Rack Room Shoes anchor the retail asset.
HFF Arranges Sale-Leaseback of 41-Property Portfolio
The assets are all fully leased to seller Meek’s Lumber and Hardware, and are located in California, Nevada, Missouri and Arkansas.
Fort Lauderdale Strip Center Changes Hands
Midland Plaza, an 8,800-square-foot retail asset in South Florida, sold for $1.2 million. Berger Commercial Realty/CORFAC International represented the buyer in the transaction.
Seafood Chain to Open First NYC Location
Starting with the fourth quarter of 2018, Cousins Maine Lobster will occupy 1,500 square feet on Lexington Avenue in Manhattan.
New Retail Center Coming to Georgetown, TX
The 14-building Wolf Crossing, spanning across 42 acres, will include several restaurants, medical facilities, neighborhood service, a hotel and a grocery store.
Cap Rates Rise for Net Lease Retail, Office; Down for Industrial
The average cap rate for the single-tenant net lease retail sector has continued to increase all year and hit its highest level since 2015, The Boulder Group reports.
Net-Leased Rite Aid Stores Offer Value—And Risk
Amid ongoing interest-rate hikes by the Federal Reserve, many investors are eager for these single-tenant assets’ above-average returns. Transwestern Associate Gavin Behr thinks properties occupied by the drugstore chain may fit the bill.
Goldman Sachs Sells CA Mall for $22M
A global insurance company has purchased the 330,000-square-foot regional shopping mall in Santa Maria, Calif., built in 1976 and spread across 6 acres.
TREIS Closes $43M FL Portfolio Sale
The properties included the Waterway Shoppes retail center, as well as the Heron Bay III and Heron Bay IV office buildings, all located in Coral Springs.
Lionheart Capital Subsidiary Lands 734 KSF Ohio Retail Asset
Sears, Avita Health Systems, Macy’s, JCPenney, Victoria’s Secret and Chuck E. Cheese are among the tenants of the property. The buyer retained Madison Marquette to spearhead leasing efforts going forward.