Retail
FCA Goes Shopping in The Triangle
The company acquired Celebration at Six Forks, a 125,000-square-foot shopping center in Raleigh, N.C., for $19.1 million. FCA intends to make capital improvements to the property.
Natixis Provides $35M Financing for Retail Center Acquisition
Colliers International arranged the financing used for the purchase of a 276,333-square-foot shopping center in Arlington Heights, Ill. The loan will be granted in two tranches.
Millennium Properties Brokers Sale of Two Retail Centers
The properties total more than 19,500 square feet of retail, restaurant and office space and are located in Barrington and Elmhurst, two Chicago suburbs.
Divaris Completes 5 Transactions in Virginia
The company worked on behalf of DDREG LLC to arrange the acquisition of a medical office building, and represented Dollar Tree Stores, LaBelle Cottage, Extreme Pizza and Mango in their lease negotiations.
Retail Development: Ease of Access Critical to Success
In an increasingly competitive lending environment, retail developers need to pursue projects in high-quality, accessible locations that will attract top tenants in order to secure financing, notes The Comras Co. President & CEO Michael Comras.
Modular Sofa Adds Design, Functionality
Modern Office Furniture’s Zig Zag sofa can be arranged and re-arranged in various formations to accommodate different seating or room layout requirements. The pieces are modular and come fully assembled, offering a pre-built seating concept for lobbies or entryways.
Cullinan Properties Expands Illinois’ Levee District
The new multi-tenant retail building will be located between Panda Express and McDonald’s and will be home to T-Mobile starting this fall.
Finmarc Nabs VA Shopping Center
Festival at Manassas, an 117,000-square-foot shopping center in Manassas, Va., traded for $20 million. Bill Kent of CBRE represented the seller, Katz Properties.
Texas Shopping Center Lands $13M Refi
JLL secured the loan for Forum at Soncy, a 64,914-square-foot, Class A retail center in Amarillo. The retail asset is currently 93 percent leased.
NAI Miami Secures Lease at Pinecrest Village Plaza
Edward Schmidt and Timothy Merriman represented the landlord in the lease negotiations. The new space provides the tenant with a new open showroom.