Aldi
Newly Built Retail Property Sells in California
The asset, occupied by two tenants, was acquired by a local private investor for $8.8 million.
Grocery Industry to Change Look of Retail Real Estate
In its new report, CBRE forecasts a transformation that will impact the size of grocery owners’ portfolios and the design of the stores themselves.
Hartman Income REIT Renovates Houston Retail Center
Lifesavers 24-hour Emergency Room is set to occupy 6,300 square feet at the property, while Dollar Tree leased 4,700 square feet and will be moving in soon.
Hanley Arranges Sale of CA Shopping Center
La Verne Courtyard, an 84,368-square-foot property anchored by ALDI and Orchard Supply Hardware, sold for $20.7 million.
Hines Taps New Management for Munich Asset
Mira Shopping Centre encompasses more than 250,000 square feet of retail and nearly 11,000 square feet of medical and office space.
H&R Retail Completes 2 Mid-Atlantic Leases
Two discount stores have signed leases in the Washington, D.C., and Baltimore metro areas, totaling just under 43,000 square feet.
CREC Arranges $13M Sunrise Retail Sale
CREC Vice President Andrew Remick and Aztec Group Managing Director Peter Mekras worked on behalf of seller CPAC in the transaction.
NY-Area Retail Centers Land $663M Refi
The refinanced portfolio comprises 98.1 percent leased retail centers anchored by grocery stores, including ShopRite, Aldi, Home Depot and more. The loans include 14 fixed- and two floating-rate facilities with terms ranging from seven to 13 years.
Levin to Manage 2 NJ Shopping Centers
Levin Management Corp. will manage the Mill Creek at Harmon Meadow in Secaucus and the Flemington Marketplace in Flemington. The two shopping centers total some 550,000 square feet combined.
Aldi Plans $3.4B Growth Spurt
The German discount grocery chain intends to open 900 additional locations in the U.S., increasing its footprint to 2,500 stores by 2022.
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