Retail
Millennial-Focused SoCal Retail Development Opens
Lewis Retail Centers introduced the first phase of the 430,000-square-foot Renaissance Marketplace in the city of Rialto, eyeing shoppers ranging from 22 to 37 years of age.
Vornado Secures $120M for Manhattan Retail Property
The REIT will use the financing, provided by Wells Fargo Bank, to replace an existing loan on the 206,000-square-foot property at 4 Union Square South.
TriGate Capital, RSP Partners Trade Phoenix Retail Center
The Niki Group purchased the shopping center in a $26 million transaction handled by CBRE. LA Fitness anchors the 150,000-square-foot asset.
Walker & Dunlop Structures $120M for Miami Portfolio
Graham Cos.—which owns 1.2 million square feet of retail, industrial, office and multifamily space in Miami Lakes, Fla.—will use the proceeds to fund additional development projects in the area.
Hanley Investment Arranges Sale of Sacramento Retail Center
Spreading across a 7-acre site at the intersection of Club Center Drive and Natomas Boulevard, the property is anchored by CVS Pharmacy, Ace Hardware and Dollar Tree.
DTLA Plaza Adds New Tenant
UNIQLO will occupy the seventh floor of The Bloc, a mixed-use development located in the heart of Los Angeles. The location marks the brand’s first store in downtown.
CA Value-Add Retail Site Trades for $21M
HFF represented the buyer, Merlone Geier Partners, in its purchase of Warner West, a 73,427-square-foot retail property in Huntington Beach. The asset was 78 percent occupied at the time of sale.
Sacramento-Area Shopping Center Sells in Record-Setting Deal
Donohue Schriber sold a Trader Joe’s-anchored, 242,000-square-foot retail asset in Elk Grove, Calif., to Acadia Realty Trust. NKF Capital Markets represented the seller.
Kidder Mathews Brokers $10M Shopping Center Sale in Phoenix
The firm represented LNR Partners in the sale of Maricopa Marketplace. The property is shadow anchored by Fry’s Marketplace and was 95 percent occupied upon closing.
Fithouse Expands Manhattan Footprint
The fitness brand opened its third 2018 location in the borough with the help of a Cushman & Wakefield team of brokers.