Retail
Lidl Announces Opening Date for U.S. Stores
The company is opening supermarkets in North Carolina, South Carolina and Virginia. By the summer of 2018, Lidl plans to operate 100 stores across the East Coast, creating 5,000 jobs.
Triple Five Closes $1.7B Loan for American Dream
The big-ticket project will bring 3 million square feet of retail and entertainment space to East Rutherford, N.J., including the largest indoor DreamWorks Water Park in North America.
Phillips Edison REIT to Acquire $1B in Sponsor Assets
The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.
Slate to Acquire $53M NC Retail Asset
The owner and operator of U.S. grocery-anchored real estate inked a binding agreement to purchase Mooresville Consumer Square, a 579,391-square-foot retail property in Iredell County.
RECon Speakers Tackle Retail’s Tough Issues
Industry veterans address oversupply, mixed-use development strategy and caveats during day one of ICSC’s annual retail real estate convention in Las Vegas.
Bricks & Mortality
Local centers that combine necessity with impulse shopping have been seeing a greater volume and frequency of foot traffic, while today’s regional mall needs an anchor experience or attraction that will make it a destination. How can retail real estate owners control the fate of their retail center?
EWM to Lease Miami Int’l Merchandise Mart
The former Radisson Mart is in the process of a multi-million dollar modernization funded by the new owner, Roudan Global Investments.
Fort Worth Shopping Center Gets New Name, Tenants
West Elm, Common Desk and C.H. Robinson are the new tenants announced for the recently rebranded Crockett Row at West 7th. They will open in phases and will occupy a combined 36,000 square feet of retail and office space.
Louisiana Triple Net Lease Dollar General Changes Hands
The 10,640-square-foot building traded for $1.3 million. The Dollar Tree lease featuring no landlord responsibilities is set to expire in 2031.
CBRE Closes Sale of Ft. Lauderdale-Area Retail Asset
Advance Auto Parts has been operating at the location for the past 25 years and has recently signed a 10-year lease renewal.