Retail
US-EU Joint Venture Buys Mall in Madrid
Redevco Iberian Ventures took a majority stake in the Parque Corredor shopping center for $173 million. The retail center is the main shopping destination in Corredor del Henares, metro Madrid’s east corridor.
NKF Capital Markets Closes Sale of OC Retail Center
Inland Real Estate Acquisitions has purchased Rusty Leaf Plaza, a Target-anchored shopping center in Orange, Calif., for $32 million.
NAS Secures Refinancing for TN Shopping Center
Encompassing more than 150,000 square feet across four connected structures, the Knoxville-area retail asset is home a variety of tenants, including Dollar Tree, T.J. Maxx and Belk.
JCR Nabs $31M VA Shopping Center
The five-building, Target shadow-anchored Center at Innovation shopping center in Manassas, Va includes 101,990 square feet and 482 parking spaces.
Hutton Sells $186M National Retail Portfolio
From the proceeds of the sale, the company will invest in assets totaling more than $350 million of project costs throughout the year.
CBRE Arranges Sale of H-E-B-Anchored Retail Center
The property was nearly 96 percent leased at the time of the deal. The mix of tenants includes several national retailers such as Pet Supplies Plus, Anytime Fitness and Twin Liquors.
Marcus & Millichap Taps New Retail SVP
Scott Holmes will be responsible for directing the firm’s retail business strategy nationwide. With more than 25 years of experience, he closed some $6 billion in commercial real estate transactions.
Forest City Sheds 1.2 MSF Shopping Mall
The company sold the Los Angeles-area asset to QIC as part of a 10-mall portfolio transaction expected to close this year.
DC-Area Retail Plaza Sells for $20M
Fortuna Center Plaza is a nearly 105,000-square-foot, grocery-anchored shopping center located in Northern Virginia. The more than $20 million deal was arranged by NKF Capital Markets.
Friendly Hills Marketplace in CA Sells for $40M
CBRE and NRP-West brokered the sale on behalf of the seller, Oppidan Inc. CBRE has also arranged an acquisition loan for the buyer.