Retail
Blackstone to Acquire Leading Exhibit Space Provider
The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.
Quantum Closes on Illinois Retail Deal
The 5,000-square-foot property is located in Skokie, Ill., and is fully leased to ATI Physical Therapy and I Love Kickboxing.
Dallas Shopping Center Changes Hands
Kite Realty Group sold a 208,000-square-foot retail center in Dallas to Rainier Realty Investment. At the time of sale, Wheatland Towne Crossing was 92 percent occupied.
NAI Closes Bay Area Shopping Center Sale
The company represented both the buyer and the seller of the 50,047-square-foot neighborhood center in Newark, Calif., in this off-market transaction.
Marcus & Millichap to Market Net-Lease Portfolio
The group of 17 properties encompasses 200,000 square feet of retail space and carries a price tag of $77.3 million.
Miami-Area Retail Asset Trades in $9M Deal
Todd Weintraub led CBRE’s investment property group in representing both the seller and buyer. The multi-tenant asset has undergone several renovations in recent years.
Friedman Negotiates Michigan Retail Property Acquisition
Noble Applliance LLC bought the 10,992-square-foot asset from Kemerko Clawson LLC. Mike Koeningbauer, Friedman’s vice president, represented the buyer in the transaction.
Franklin Street Closes $23M Sale of Central Florida Retail Asset
Publix Super Markets purchased Ovation Town Center, where it is an anchor tenant. The 96,750-square-foot shopping center is in the Davenport submarket of Orlando. Armstrong Development sold the property.
Lidl Unveils Plans for a $100M GA Facility
The news comes as the German grocer already announced four new store openings in July, two of them being located in Virginia and the other two in North Carolina.
Avison Young Scores Retail Assignment for Manhattan Asset
Executive Managing Director Jedd Nero will lead a five-member team in leasing some 60,000 square feet of retail space at Two Herald Square in Midtown Manhattan.