Shopping center

JH Real Estate Partners buys Inland Empire shopping center

Hugo Aviles, CEO of JH Real Estate Partners, and the property at 16701 Valley Boulevard (Google Maps, JHREP) Investors are hot for industrial property in the Inland Empire – and they’re gearing up for retail, too. JH Real Estate Partners has purchased a 310,000 square foot shopping center in Fontana for $70.8 million, CBRE reported […]

Shopping center

Gerrity’s will open an Ace Hardware store in the Back Mountain Mall in June

SHAVERTOWN — Joe Fasula, owner of Gerrity’s Markets and Ace Hardware stores, announced Wednesday that the company will open its fourth Ace Hardware store in the former Thomas’ Food Market in June. Fasula said he plans to hire 25 full-time and part-time employees as well as management positions for the 17,000 square foot store – […]

Shopping center

Shopping center developer invests in laundromats (conclusion)

GARDEN GROVE, Calif. – Red Mountain Group, which specializes in retail redevelopment, recently developed its first high-speed laundromat – Boulder Express Laundry Services – here in Garden Grove. Rooted in a Walmart store, the 3,800-square-foot laundry room has seen 10% month-over-month growth since its launch, according to the owner. In May 2020, Red Mountain expanded […]

Shopping center

Shopping center developer invests in laundromats (Part 1)

GARDEN GROVE, Calif. – Red Mountain Group, which specializes in retail redevelopment, recently developed its first high-speed laundromat – Boulder Express Laundry Services – here in Garden Grove. Rooted in a Walmart store, the 3,800-square-foot laundry room has seen 10% month-over-month growth since its launch, according to the owner. In May 2020, Red Mountain expanded […]

Shopping center

MacKenzie chosen to sell Hagerstown shopping center

The South End Mall in Hagerstown is located at 1101-1181 Maryland Ave. and situated on nearly 12 acres of land with over 450 surface parking spaces. The asset faces MD Route 632 and more than 12,000 vehicles pass through the site daily. (photo sent) MacKenzie Commercial Real Estate Services, LLC and Equity Retail Brokers have […]

Shopping center

McAlester to open its biggest mall with Hobby Lobby, TJ Maxx and Ross among others – 102.3 KRMG

TULSA, Okla. – The town of McAlester is set to receive a major economic boost when it opens its largest mall this spring. FOX23 spent time Friday talking to Kirk Ridenour, director of economic development for the town of McAlester, about plans for the 200,000-square-foot mall that spanned seven years. The $30 million development project […]

Shopping center

McAlester to open its largest mall featuring Hobby Lobby, TJ Maxx and Ross among others – FOX23 News

TULSA, Okla. – The town of McAlester is set to receive a major economic boost when it opens its largest mall this spring. FOX23 spent time talking to Kirk Ridenour, director of economic development for the town of McAlester, Friday morning about the 200,000-square-foot mall that took seven years to build. The $30 million development […]

Shopping center

Suburban Chicago mall sells for $20 million

Randall K. Rowe, President and Founder of Green Courte Partners, outside 840 South Waukegan Road in Lake Forest (Green Courte Partners) An Arkansas company has paid $20 million for a 90% occupied mall in suburban Chicago, indicating a rebound in retail as concern over the virus ebbs. Woodard Properties purchased the 50,000 square foot complex […]

Shopping center

Starbucks considering San Pedro mall for another drive-thru location – Daily News

The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for a drive-thru Starbucks. (Photo by Chuck Bennett, Contributing Photographer) The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for […]

Shopping center

Starbucks considering San Pedro mall for another drive-thru location – Daily Breeze

The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for a drive-thru Starbucks. (Photo by Chuck Bennett, Contributing Photographer) The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for […]

Shopping center

Invesco buys Westchester Cortlandt Crossing shopping center

Scott Dennis, CEO of Invesco Real Estate and Cortlandt Crossing Shopping Center in Mohegan Lake (Invesco, Katz & Associates) Cortlandt Crossing changes hands. The mall anchored at ShopRite in Westchester County is being sold by the original developer to Invesco Real Estate for $65.5 million, according to the Westchester & Fairfield County Business Journals. Cortland […]

Shopping center

Katong Mall is now collecting signatures from

Kuala Lumpur, Malaysia, February 22, 2022 (GLOBE NEWSWIRE) — Katong Mall management is pleased to announce that they have begun collecting endorsement signatures from landlords to initiate another bulk sale process. Katong Mall was Singapore’s first air-conditioned mall when it opened in 1973. The mall contains 425 units and sits on nearly 87,000 square feet […]

Shopping center

Felch Street Shopping Center in Holland Twp. sold for $21 million

TWP HOLLAND. – A private Georgia real estate company recently purchased the Felch Street Mall in Holland Charter Township for $21 million. The 166,100 square foot mall is fully leased to national and regional retailers including Barnes & Noble, Bed Bath and Beyond, Jo-Ann Fabrics, Jonathan Stevens Mattress, Party City, PetSmart, Shoe Carnival, TJMaxx and […]

Shopping center

Hanley Investment Group Completes Eighth Property Sale at Highland Village Shopping Center | Business

Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in the sale of commercial properties, recently announced that the company has arranged the sale of two multi-tenant retail properties at Highland Mall Village, a store anchored in Sprouts. Fontana center. The two buildings, which totaled 13,515 square feet, […]

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Sprouts Farmer’s Market opens at Green Valley Ranch Mall

Development plans are progressing well at Evergreen Devco’s mall, anchored by a grocery store, on the northeast corner of 56th Avenue and Tower Road in Denver. Evergreen completed construction of a 23,300 square foot Sprouts Farmer’s Market last month and the much-needed store is now open. “We are very pleased to deliver this beautiful, much-needed […]

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The former Searstown mall in Lakeland will get a makeover and expand

LAKELAND — As the once cutting-edge Searstown Mall did for Lakeland decades ago, a new retail design concept has been proposed for the Midtown property. Planning consultant Thuy Turner says the new owners hope the Lakeland project will build on the successful project the owners have completed in Bradenton. Attention Buyers:Five Below and Burlington arrive […]

Shopping center

PGIM Hires CBRE to Sell Marshfield Plaza Mall in Chicago’s South End

A sale of Marshfield Plaza – and its price – could provide additional clues about the state of the mall investment market. Malls suffered early in the COVID-19 pandemic as retailers closed stores and stopped paying rent. As consumers spent more money online and shunned physical stores, the most pessimistic prognosticators were predicting that the […]

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RPT Realty is selling Chicago Mall for 44% off

Webster Place Mall and RPT Realty CEO Brian Harper (Google Maps, LinkedIn) A New York investment firm sold a Chicago mall at a roughly 44% discount in December after scrapping a major development plan for the troubled property. RPT Realty has sold Webster Place, a 135,000 square foot shopping center located at Webster and Clybourn […]

Shopping center

Prosper Mall is Dallas real estate investor’s latest buy

A Dallas investment group has taken over a high-profile shopping mall in Prosper. Younger Partners Investments has purchased The Shops at Prosper Trail, a nearly 100,000 square foot shopping center on Preston Road. The Strip mall is next to a Kroger Marketplace grocery store and is 98% leased. “The Shops at Prosper Trail is a […]

Shopping center

RJ Brunelli Completes Sale of ITC Crossing South Mall in Mt. Olive, NJ to Robert Rivani’s Black Lion Investment Group

MT. OLIVE, NJ, January 4, 2022 /PRNewswire/ — RJ Brunelli & Co., LLC today announced that it has negotiated the December 2021 sale of the 373,612 square foot ITC Crossing South shopping center in this Morris County community at Black Lion Investment Group, the fast-growing commercial real estate company led by a 31-year-old real estate […]

Shopping center

American Finance Trust set to acquire shopping center portfolio for $1.3 billion and sell office assets as part of rebranding

New York City — American Finance Trust Inc. (NASDAQ: AFIN) has entered into a definitive agreement to acquire a portfolio of 81 shopping centers from CIM Real Estate Finance Trust, a REIT managed by Los Angeles-based CIM Group. The transaction is valued at $1.32 billion. The 9.5 million square foot portfolio includes electrical retail shopping […]

Shopping center

Goodwill to open new store at Hollywood Square Mall in Salem

A new Goodwill store will open Wednesday at the Hollywood Square mall near Delmont. Shoppers will be treated to live music, refreshments and a new store full of donated items after a 10 a.m. ribbon-cutting ceremony at 6740 Hollywood Blvd., Salem. “This store was built with our unique operations in mind,” said Andrew Marano, vice […]

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Shake Shack burgers planned for Chapel Hill NC mall

The Shake Shack restaurant chain known for its burgers, shakes and fries is looking to open its second Triangle location. The company is planning its first storefront in Chapel Hill at Eastgate Crossing at 1800 E. Franklin St., which Kite Realty Group acquired in late 2020 from Federal Realty Investment Trust. A restaurant opened in […]

Shopping center

Windham Mall turnover breathes new life into the mall

Small turnover at the Windham Mall has sparked a big wave of new tenants, bringing eight new businesses to the mall in the past 16 months. The 325,000 square foot plaza, home to anchor tenants Hannaford, Home Depot and Renys, has seen an influx of new businesses, starting with Portland Pie Co., which opened in […]

Shopping center

Opening of the new Long Hill shopping center in Trumbull

TRUMBULL – In what appeared to be a cross between a business opening and a treasure hunt, several Trumbull officials and members of the local business community trotted from business to business at the new Long Hill Market on Friday morning , happily cutting ribbons and posing for photos at new ventures. It was a […]

Shopping center

Amazon Fresh store under construction in Braintree Shopping Center

BRAINTREE – Construction of an Amazon Fresh grocery store off Route 3 is underway. Braintree’s planning board has approved the retail giant’s plan to turn the former Saks Off 5th and 5.11 tactical spaces into a 37,500 square foot Amazon Fresh store in the Grossman Drive mall. Construction includes changes to the storefront, entrance and […]

Shopping center

City renews Colonial Mart mall lease for Ward Four headquarters

Precinct 4 will remain in the Colonial Mart Mall for the time being. The Jackson City Council recently voted to renew the lease of the Colonial Mart mall space for five years at a cost of $4,289 per month. The lease includes an option to terminate at the end of each year at a cost […]

Shopping center

Roadworks near exit 17 of the Market Basket shopping center will be delayed

Published: 09/10/2021 18:18:12 People passing the grocery store under construction near I-93 Exit 17 won’t face road construction issues until next spring, even as work continues on the long-awaited development itself. Earlier plans called for work to start this fall on Route 4 King Street, where a large roundabout will be built to bring traffic […]

Shopping center

Amazon buys nearly 70 acres near The Rim mall for another San Antonio warehouse

Amazon is expanding its logistics operations in and around San Antonio — a sprawling city connected by several major highways — with the purchase of land on the northwest side for another warehouse. The tech and retail giant has built a network of about a dozen sorting and fulfillment centers and delivery stations in the […]

Shopping center

Houston Investor Takes Over Plano Mall Next to New HEB

A Houston real estate investor has snapped up the Plano Mall which sits right next to one of the first grocer HE-B stores in North Texas. Whitestone REIT has purchased Lakeside Market, a 163,000 square foot shopping center on Preston Road, south of Spring Creek Parkway. It is next to the HEB grocery store which […]