Retail
Westfield to Debut $1B Century City Redevelopment in LA
With its big-ticket beautification process coming to a close, the 1.3 million-square-foot shopping center will have a grand opening on Oct. 3, presenting visitors with an additional 422,000 square feet of retail space, new outdoor plazas and a host of unique offerings, including the world’s first permanent Uber Lounge.
From Classic Retail Center to Experiential Shopping Destination
Improvements brought to HHLA, a shopping mall in Westchester, Calif., is illustrative of how retail centers across the nation are turning into live-work-play destinations fostering a sense of community.
Blackstone Closes International Market Centers Acquisition
The company purchased the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries from Bain Capital Private Equity and funds managed by Oaktree Capital Management.
JLL Brings Phoenix Center to Full Occupancy
The strip center known as Hurley Plaza is 100 percent leased, with four new businesses joining the tenant roster in a high-traffic area.
NewMark Merrill Secures $62M Refi for CO Retail Asset
After a five-year redevelopment process, the shopping center opened and was more than 90 percent leased. The property is leased to approximately 40 retailers.
On the Market: 5 Interesting Listings for September
This month’s listings include a historic restaurant built in the 1950s in Utah and a three-unit multifamily project in North Hollywood, Calif.
NJ Lifestyle Center Lands $44M Refi
HFF’s debt placement team arranged the 10-year, fixed-rate loan through Principal Commercial Capital. The Grove at Shrewsbury features 35 high-end tenants.
InvenTrust Nabs 226 KSF Texas Retail Center
Located in the south Austin suburb, the center sits approximately 20 miles south of the Austin central business district. The property is anchored by H-E-B Plus and features nationally known tenants and is 98 percent leased.
Lidl Enters Texas Market
The German grocer acquired more than 5 acres in San Antonio and later this year will begin construction of a 30,000-square-foot location.
GBT Realty Acquires Alabama Retail Center
HFF represented DDR Corp. and TH Real Estate in the sale of McFarland Plaza Shopping Center, a 234,000-square-foot property in Tuscaloosa.