Retail
Boston-Area Citizens Bank Changes Hands for $4M
The Grossman Cos. bought the property in 2013, for $2.3 million, as part of their Main Street portfolio. The asset is located in Brookline’s Coolidge Corner.
Thor Equities, Meyer Bergman to Sell London Retail Asset for $407M
Considered a landmark since its completion in 1819 as Britain’s first shopping arcade, Burlington Arcade features 37,000 square feet of space and attracts more than 4 million visitors a year.
Breaking Up the Big-Box
There are significant opportunities to transform an under-performing big-box into a more complimentary mix of real estate. Here are four tips to keep in mind when making the transition.
Boulder Group Brokers $13M Jewel-Osco Deal
The property is located in Orlando Park, Ill. and features a drive-thru pharmacy and a large parking lot accommodating more than 450 vehicles.
Time Equities Buys $32M Chicago Retail Center
Mid-America Real Estate Corp.’s Investment Sales team brokered the disposition of the 340,849-square-foot Shops at Fox River in McHenry, Ill.
Washington Prime Buys Montana Regional Mall
NKF Capital Markets, which handled the transaction, expects the disposition of the Southgate Mall in Missoula to be one of the largest 2018 mall sales in the Pacific Northwest.
PMAT Offloads GA Retail Property
The recently renovated grocery store-anchored shopping center in Acworth contains more than 100,000 square feet of leasable space. HFF arranged the sale of the almost fully leased property.
Starboard Commercial Arranges Sale of Sacramento Retail Asset
Located at 318 N. Sunrise Ave. in Roseville, Calif., the 24,750-square-foot property built in 1992 has one tenant—Pet Club.
Hartman Income REIT Renovates Houston Retail Center
Lifesavers 24-hour Emergency Room is set to occupy 6,300 square feet at the property, while Dollar Tree leased 4,700 square feet and will be moving in soon.
Plaza Properties Offloads Northern AL Shopping Center
The retail asset, which contains more than 100,000 square feet, is almost fully leased to a range of long-term tenants.