REAL ESTATE

  • Mid-America arranges $2 million sale of Columbian Retail Shops

    Chicago -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Columbian Retail Shops in Chicago. Chicago-based Newcastle Limited purchased the 6,600-sq.-ft., two-tenant retail property for $2 million.

    The Columbian Retail Shops is located at the northwest corner of South Michigan Avenue and East Roosevelt Road in Chicago. The center features retailers Burger Bar and Elements Therapeutic Massage.

  • A&G Realty Partners to manage sale of Delia’s remaining store leases, DC

    Melville, N.Y. -- A&G Realty Partners has been retained by Delia’s Inc. to manage the sale of the 71 retail store leases following the company’s recent Chapter 11 bankruptcy filing.
     
    A&G Realty is currently accepting bids thru February 2, 2015 to acquire the leases, which range from 3,000 sq. ft. to 5,000 sq. ft. in key retail locations at some of the country’s top malls.

  • Talbots to open in January at reinvigorated Wayside center

    Burlington, Mass. -- Talbots will open a new store on Jan. 30 at Wayside, in Burlington, Massachusetts, according to Wayside’s management and leasing firm The Wilder Companies.

    The opening of the 9,300-sq.-ft. Talbots, which features all three of the brand’s concepts -- Talbots, Talbots Petites, and the first Talbot Woman in the market -- is part of a multi-phase revitalization that is nearing completion at the open-air retail center.

  • Sembler promotes Beyer to lead development

    St. Petersburg, Fla. -- Josh Beyer, P.E., has been promoted to senior VP of Development at The Sembler Company, overseeing all shopping center development in Florida, the Gulf Coast, and the southeastern U.S.

    Beyer has been with the company for 12 years and, in that time, has been involved with more than 1.5 million sq. ft. of development, including Colony Plaza (The Villages, Florida), Park Street Retail Center (St. Petersburg, Florida) and Cross Creek Village (St. Cloud, Florida).

  • RPAI acquires the retail portion of Downtown Crown

    Washington, D.C. -- Retail Properties of America, Inc., has it closed on its $162.8-million acquisition of the retail portion of Downtown Crown, a class A mixed-use project located in Gaithersburg, Maryland (Washington, D.C. MSA). RPAI acquired the project from The JBG Companies and JBGR Retail.

  • Levin Management awarded trio of new shopping center assignments

    North Plainfield, N.J. -- Levin Management announced it has been awarded three new leasing and management assignments totaling more than 1 million sq. ft. in New Jersey and Pennsylvania. The properties include two grocery-anchored shopping centers and a regional mall.

  • Paster Properties renovating Northway Center

    St. Paul, Minn. -- Paster Properties announced that Northway Center is undergoing major interior and exterior renovations, scheduled to be completed summer 2015. The 92,197-sq.-ft. center is located in Lexington, Minnesota.

  • GBT Realty announces more Alabama retail with the Shoppes of Albertville

    Huntsville, Ala. -- GBT Realty Corporation announced even more retail development in northern Alabama with The Shoppes of Albertville.  Just off the heels of two similar projects recently announced in the regional market, GBT is developing an $18 million, 135,000-square foot retail center along Albertville’s primary commercial corridor.  The company acquired the 13.2 acres on Dec. 29 and construction is currently underway.

  • Glendale Marketplace announces new tenants

    Glendale, Calif. -- Cypress Equities companies announced that LA Fitness, Buffalo Wild Wings and AT&T will open at Glendale Marketplace in 2015.

    "This collection of synergistic new offerings will begin transforming the tenant mix at Glendale Marketplace," said Todd Minnis, chief investment officer.  "This is the first step toward our redevelopment process."

  • Washington Prime completes acquisition of Glimcher Realty

    Bethesda, Md. -- Washington Prime Group Inc. has completed its previously announced acquisition of Glimcher Realty Trust, created a new company WP Glimcher, based in Columbus, Ohio.

    Mark S. Ordan will serve as executive chairman of the combined company’s board of directors and Michael P. Glimcher will serve as the combined company’s CEO and Vice Chairman, reporting to Ordan.

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