Retail
Salem Sells Flagship Walgreens in Hawaii
A Korean investment firm purchased the retail asset for $42.3 million. Salem is pursuing entitlements to redevelop the adjacent site to the store into a hotel/condominium project.
Faris Lee Arranges Inland Empire Retail Sale
Fontana Southridge Partners LP purchased Southridge Plaza, a 119,359-square-foot retail center in Fontana, Calif., anchored by Rio Ranch Market.
Frisco Retail Center Lands Financing
Victory Real Estate Group arranged a non-recourse mortgage for Victory Shops at Eldorado. The 13,600-square-foot shopping center in Frisco, Texas, is currently fully leased by a donut shop, nail salon and dentist offices.
Las Vegas Shopping Center Trades for $63M
The asset built in 2007 is fully leased and is anchored by Smith’s Grocery, a subsidiary of Kroger and TJ Maxx. Within a five-mile radius of the property reside more than 200,000 people earning an average household income of $89,000.
JLL Secures $78M Refi for Texas Shopping Center
The financing provided by Goldman Sachs will be used to refinance an existing loan for the 466,950-square-foot shopping center located in Pharr.
Tenants Announced for Florida Retail Center
Currently under redevelopment, Delray Square is expected to be complete by mid-2018. The revamped shopping complex will be anchored by a 45,600-square-foot Publix Super Market.
NJ Retail Centers Trade for $34M
The two properties total 110,000 square feet and were sold to an affiliate of Urstadt Biddle Properties Inc. and The Klein Group LLC, in a transaction brokered by Gebroe-Hammer Associates.
2017 Executive of the Year Awards Nominations
Commercial Property Executive is putting together the ballot for this year’s Executive of the Year awards, and we want your input!
Divaris Arranges Sale of Historic Annapolis Building
In addition to facilitating the $2.3 million deal, the company also completed a lease negotiation in Arlington, Va. Divaris’ leasing and management portfolio in the Mid-Atlantic and South-Central U.S. exceeds 30 million square feet.
Morning Calm Sells $11M FL Shopping Center
CBRE represented the seller in Vanguard Associates’ purchase of Crystal River Plaza, a 184,101-square-foot shopping center, which was 89 percent leased at the time of sale.