BlackSand Capital acquires Pearlridge Uptown II
Honolulu, Hawaii — Colliers Monroe Friedlander, an affiliate of Colliers International, said that BlackSand Capital, LLC, a Hawaii-based real estate investment firm, acquired Pearlridge Uptown II from Inspiration International, LLC.
Pearlridge Uptown II is a 9.3-acre portion of Pearlridge Center on the island of Oahu. Pearlridge Center is the largest enclosed shopping center in Hawaii totaling 45 acres and 1.1 million sq. ft. of specialty shops, restaurants, big-box retailers, a movie theater complex and office space. Pearlridge Uptown II comprises the eastern wing of the Uptown portion of Pearlridge Center and is anchored by Borders on the second floor and Price Busters Hawaii on the ground floor. The property is currently 96% leased.
“The purchase of Pearlridge Uptown II is the first real estate acquisition for BlackSand Capital and we’re optimistic about the opportunity to reposition this prominent retail asset,” said Ian MacNaughton, managing partner.
Way to Go Sports opens at Westwind Plaza
Minnetonka, Minn. — Centro Properties Group said that Way to Go Sports recently opened a 2,089-sq.-ft. store at Westwind Plaza, located in Minnetonka, Minn.
Westwind Plaza is owned by Centro Properties Group, based in New York City.
Urban Retail names exec
Chicago — Urban Retail Properties, LLC announced the appointment of John N. Christen as executive VP director of new business development.
Christen has been actively engaged in the commercial real estate industry in several capacities for over 15 years, most recently as founder of Christen Realty Capital, LLC.