Retail
Transwestern Brokers Leases at Walnut Creek’s Lyric
Bank of the West and Drybar have inked leases for a combined 4,500 square feet at a mixed-use development managed by Berkshire Communities, which is slated for completion by fall.
San Diego-Area Grocery-Anchored Center Trades for $42M
HFF represented the seller, a partnership between Brixton Capital and ALTO Real Estate Funds, which sold the property to an affiliate of American Assets Trust Inc.
Hanley Completes LA Fitness Sale
The single-tenant net lease property in Montebello, Calif., has been a health club destination for 28 years, with LA Fitness taking over a former Bally’s.
Boulder Group Brokers Retail Property Sale
The transaction closed at $2.5 million. The 13,122-square-foot asset is located in Niles, Ill., and is fully leased by MobilityWorks, a provider of wheelchair accessible vans.
Kimco Buys $132M Portland Shopping Center
The purchase of the 746,000-square-foot Jantzen Beach Center fits the REIT’s strategy of upgrading its portfolio with key purchases.
MCA Realty Completes Sale of 88 KSF Retail Project
The company has sold the final building in the Brookhollow Freeway Showroom Center in Santa Ana, Calif., a 13,072 square-foot retail showroom currently occupied by Wine Exchange.
Natixis Originates $55M Redevelopment Loan for Philadelphia Retail Asset
Sun Equity Partners plans to rebrand the former 429,617-square-foot Cheltenham Square Mall as Greenleaf at Cheltenham. The asset is 60 percent leased.
Madison Realty Capital Sells Richmond Plaza
The 155,781-square-foot retail center in Richmond, Mich., sold to Statewide Richmond LLC in an off-market transaction. The property has nearly 39,000 square feet available for lease.
Faris Lee Closes Stockton Retail Deal
West Hammer sold the 15,314-square-foot multi-tenant retail strip center for $7.1 million. The 1031 exchange buyer was attracted to the asset’s location and the triple-net lease structure.
Newport Nabs Chicago Retail Portfolio for $39M
The two assets are Lincoln Village Shopping Center in Peterson Park and Kedzie Plaza in Brighton Park. Their acquisition adds 214,000 square feet of retail space to the company’s portfolio.