DDR Corporation
Lexington Realty Obtains Refi for Connecticut Retail Center
Newmark Knight Frank secured a $29 million loan through UBS for Naugatuck Valley Shopping Center in Waterbury, Conn.
Richmond Retail Asset Trades for $19M
Giant Food Stores has sold an 84,064-square-foot shopping center two years after purchasing the asset from DDR Corp.
CBRE Strengthens Cleveland Retail Team
Industry veteran Jeremy Bates will serve as vice president. Previously, he was responsible for leasing Stark Development’s retail and office portfolio.
CBRE Facilitates Sale of CA Shopping Center
A Nevada-based investor purchased the 195,000-square-foot retail asset in northwestern San Diego County. CBRE’s National Retail Partners-West team represented both parties.
CBRE Hires Industry Veteran in Cleveland
Ken Stern brings more than 30 years of experience to his new position as first vice president. He will represent retail center owners in negotiations with restaurants.
Tallahassee Retail Asset Changes Hands for $16M
JLL Capital Markets arranged the sale and financing of Killearn Shopping Center on behalf of the sellers, a joint venture between DDR Corp. and Madison International Realty.
Preferred Apartment Communities Snags Orlando Shopping Center
The new owner financed the acquisition of the 117,705-square-foot, Publix-anchored retail asset using a 9.8 million non-recourse first mortgage loan.
Stockbridge Grabs $40 South FL Retail Asset
The new owner selected CREC to oversee management and leasing for The Fountains of Miramar, a nearly 140,000-square-foot shopping center.
JV Sells Atlanta-Area Shopping Center for $17M
Forum Management Group purchased the 90,566-square-foot, Kroger-anchored retail asset in Flowery Branch, Ga., located roughly one hour from downtown Atlanta.
JV Buys $19M NY Shopping Center
DDR sold the 174,642-square-foot Southern Tier Crossing in Horseheads, N.Y., which is currently 89 percent leased to tenants including Dick’s Sporting Goods, PetSmart, Five Below and Buffalo Wild Wings.