SRS Real Estate names exec for South Florida office
Dallas — SRS Real Estate Partners announced on Tuesday the hiring of Michael Weiss as senior VP in the South Florida office.
Weiss began his commercial real estate career at Coldwell Banker Commercial (currently CB Richard Ellis) as senior retail specialist. From there, he joined Blockbuster Entertainment where he worked in new store development out of the corporate headquarters. During his time at Blockbuster, Weiss moved up through the ranks to the director of the Mid-Atlantic region and later VP of the eastern region, where he oversaw all development of the eastern United States from Maine to Florida.
Charter Realty to lease Cross Roads Plaza
Waterford, Conn. — Westport, Conn.-based Charter Realty & Development Corp. said it has been hired by Chase Enterprises to lease the 300,000-sq.-ft. Cross Roads Plaza, located in Waterford, Conn.
Cross Roads Plaza is anchored by Lowe’s, BJ’s, Bob’s and Regal Cinema.
Inland Private Capital announces sale of Huntington Square
Huntington, N.Y. — Oak Brook, Ill.-based Inland Private Capital Corp. announced Wednesday the $40.2 million sale of Huntington Square Plaza, a grocery-anchored shopping center located in Huntington, N.Y., on Long Island.
Toronto-based RioCan Holdings purchased the 116,221-sq.-ft. center, which Inland Private Capital Corp. offered to a group of private tenant-in-common investors in 2004.
“Huntington Square has performed in line with projections from day one, producing steady returns for the tenant-in-common investors,” said Rahul Sehgal, senior VP Inland Private Capital Corp. “Earlier this year, the investors elected to sell the property rather than refinance. We’re pleased that we were able to arrange a profitable sale for these investors, adding another successfully completed program to our track record.”
Jones Lang LaSalle’s Capital Markets group facilitated the sale of the property, which is 100% leased to Best Buy and Stop & Shop.