Walmart
North FL Retail Development Lands $80M Loan
The 80-acre shopping center in the Jacksonville area is already underway, with the first phase wrapping up later this year.
Phoenix-Area Retail Center Trades for $22M
The 118,377-square-foot property located in Glendale is 97 percent leased, with Walmart as main anchor. Lee & Associates Arizona represented both the seller and the buyer.
NKF Arranges $142M Sale of UT Retail Center
Situated in Fort Union, one of Salt Lake City’s premier retail destinations, the asset was built in 1974 and is currently 86 percent occupied.
South FL Shopping Center Trades for $33M
JBL Asset Management has acquired Flamingo Pines Plaza, a nearly 140,000-square-foot community retail center, located in the South Florida submarket.
Memphis Hooters Sells for Record Cap Rate
Stan Johnson Co. brokered the $4 million sale of the restaurant in Memphis, Tenn., to a private investor based in California.
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.
TN Walmart Portfolio Changes Hands in $50M Deal
The portfolio traded with help from NAI Rauch Weaver Norfleet Kurtz & Co. and consists of four stores located Chattanooga, East Ridge, Murfreesboro and Knoxville.
Economy Watch: Retail Sales Dip in May
By Dees Stribling U.S. retail and food service sales dropped 0.3 percent in May compared with April, the Census Bureau reported on Wednesday. That’s the weakest monthly report for retail sales in more than a year and a half. Compared with the same month last year, however, retail sales were still up by 3.8 percent. As usual, some retail categories fared better than others. A handful of categories experienced month-over-month sales gains in May, such as furniture, up 0.4 percent, and apparel, up 0.3 percent. Grocery stores, as well as health and personal care stores, both eked out 0.1 percent…
Quantum Capital Secures $50M Retail Refi
The loans will refinance a Walmart-anchored shopping center in Torrance, Calif. and four fully leased retail buildings in Beverly Hills, Calif.
Walmart to Invest $450M in Florida
The company’s expansion includes nine new stores, the opening of a 150-acre eCommerce distribution campus in Davenport and the construction of a distribution center in Cocoa.