Retail
Miami-Area Shopping Center Up for Sale
The Walmart-anchored plaza features a recently added in-line space and an adjacent three-quarter-acre parcel that will house a full-service Spin Car Wash upon completion.
Watkins Breaks Ground on New AL Retail Center
A Publix-anchored shopping center broke ground in Huntsville, Ala. The $12 million development is scheduled for completion in the first part of 2018.
TSCG Brings Charlotte Retail Center to Full Occupancy
Two local restaurants and a startup brewery will be the new tenants at One305 Central. The shopping center is part of a $53-million adaptive reuse project that TriBridge Residential started in 2015.
Honolulu-Area Oceanfront Retail Center Changes Hands
J.H. Real Estate Partners acquired the Coconut Grove, a 49,500-square-foot shopping center in Kailua-Kona, Hawaii, from Hudson Advisors. Donald MacLellan and Rick Chichester of Faris Lee Investments represented both the seller and the buyer in the transaction.
Lincoln Park Plaza Finds New Owner
The shopping center is mostly vacant, but the new owner plans to reposition the 176,000-square-foot property. Friedman Integrated’s Rich Deptula represented both the seller and the buyer in this transaction.
The Retail Challenge
Energy Star is running a pilot with about 70 organizations through the end of this year for the Energy Star for Tenants program, previously known as Tenant Star.
Grocery-Anchored Retail Center Trades in San Antonio
Sterling Org. sold a 103,000-square-foot shopping center in San Antonio. Recently, the property underwent renovations that included updated building façades, signage, lighting and parking lot.
GLRE Summit Report: Omnichannel Retailers Poised to Outperform Peers
Industry stalwarts discussed the need to rethink retail investment at EisnerAmper and iGlobal Forum’s Global Leaders in Real Estate Summit, dispelling myths about the rapidly changing sector.
Sterling Org. Expands Grocery-Anchored Portfolio
HFF brokered the sale of Huntington Square Plaza, a fully leased 126,000-square-foot shopping center located in the Long Island community of Huntington, N.Y.
IKEA Taps Linkous Construction for 2nd VA Location
The proposed 338,000-square-foot IKEA Norfolk is aiming for a ground breaking in the fall, with the official store opening in spring of 2019.