Retail
Friedman Arranges MI Retail Sale
Associate Steven Silverman represented the buyer in acquiring the 36,600-square-foot property located in one of the strongest real estate markets in Southeast Michigan.
On the Market: 5 Interesting Listings for July
This month’s listings include a distribution center in Columbus, Ohio; a vintage church in downtown Minneapolis; and a top-of-the-line office building in Little Falls, Minn.
Atlanta Retail Asset Trades for $12M
GDC Properties sold a Walgreens-anchored 45,279-square-foot shopping center in the city’s Cascade corridor. A private investor purchased the asset using a Deutsche Bank loan.
Taco Bell Cantina Debuts in NYC
The fast-food franchise’s new location will be strategically situated in a highly transited Manhattan corridor and will welcome its first customers by the end of this year.
JLL Expands West Coast Retail Development Team
Greg Whitney brings more than 25 years of retail development experience to his new position. As senior vice president, he will identify development opportunities, implement strategies and oversee projects.
W.P. Carey Buys $178M Netherlands Retail Portfolio
The 36 assets total 1.5 million square feet and are triple-net leased to the Dutch DIY company Intergamma B.V. for an average of 15 years.
St. Louis Mall Changes Hands
Hull Property Group picked up the 1.3 million-square-foot Chesterfield Mall, opened in 1976, from C-III Capital Partners, which took control of the asset after a foreclosure action in 2016.
Phillips Edison, Grocery Center REIT II to Merge
The consolidation, which is expected to be completed in the fourth quarter, will create one of the largest grocery-anchored shopping center portfolios, worth more than $6 billion.
Cypress Equities Scores Walmart Lease for NJ Retail Project
The 350,000-square-foot Legacy Square in Linden is expected to include an additional six retail pads and a potential hotel site.
OC Retail Center Sells for $20M
Marcus & Millichap brokered the sale of Burlington Coat Factory and Aldi located in Santa Ana. The company represented both the seller and the buyer.