Retail
Baum Realty Group Brokers Sale of Chicago Retail Center
The disposition of 4600 Plaza in Harwood Heights, Ill. brought $7 million to the seller, an affiliate of Next Realty LLC.
Retail Executives Speak Out
Commercial Property Executive invited five respected business leaders—representing retail owners, investors and developers—to discuss best practices and to share their companies’ strategies, as well as what they feel is the next big thing in the retail sector.
Jewel-Osco to Open in Chicago’s Woodlawn
The full-service grocery store is scheduled to open in the second half of 2018. The project belongs to a joint venture between Terraco and DL3 Realty.
JLL Strengthens SoCal Retail Practice with VP Hire
Dan Gill has more than 25 years of experience in the industry and will be based in the firm’s San Diego office. The move is part of the firm’s plan to expand its retail platform.
JCPenney, Sephora Expand Partnership
The beauty destination was first introduced in 2006 and will now be available in 650 stores in 2017. As part of the expansion, the company will hire an additional 800 consultants nationwide.
Hanley Closes Sale of LA Fitness in Chicago Area
The 37,000-square-foot facility at 620 North York St. was finalized last year. The tenant signed a 15-year primary lease with a number of option periods.
PAC Nabs Atlanta-Area Retail Center
The company acquired an 80,018-square-foot shopping center anchored by a 45,600-square-foot Publix grocery store. PAC financed the acquisition utilizing a $11.5 million non-recourse first mortgage loan.
On the Market: 5 Small-Business Listings for April
This month’s listings include a historic mixed-use building with a ground-floor nightclub and restaurant and a large warehouse space in a desirable Fountain Valley, Calif., location.
Interface Introduces First Vinyl Tile Collection
The company known for its carpet tiles introduced a luxury option which can be combined with its soft carpet products for a texturally rich design.
PetSmart to Open New Store in NYC
In a deal brokered by RKF, the international pet retailer settled for a 16,280-square-foot ground floor lease at the 10 Madison Square West.