StreetMac acquires Texas and Oklahoma malls
Northbrook, Ill. — StreetMac Asset Managers announced that an affiliate has purchased the Brazos Mall in Lake Jackson, Texas, and the Shawnee Mall in Shawnee, Okla., through a joint venture with an affiliate of Stamford, Conn.-based Five Mile Capital Partners. The seller was Lightstone Properties.
The two malls have a combined 1.14 million sq. ft. of leasable retail space. Terms were not disclosed. The acquisitions represent StreetMac’s inaugural purchases of retail malls in markets nationwide.
Chicago’s Urban Retail Properties will serve as the property manager and leasing agent for both malls.
Brazos Mall is a 682,831-sq.-ft. regional shopping center anchored by Dillard’s, J.C. Penney, Sears and the Starplex Cinema, with junior anchors that include Ross, Palais Royal and Powerhouse Gym.
Shawnee Mall is a 453,861-sq.-ft. regional mall anchored by Dillard’s, J.C. Penney, Kohl’s and Sears.
OfficeMax to relocate in College Station
College Station, Texas — Houston-based Baker Katz, an X Team International partner, said that it has completed a lease for the relocation of OfficeMax in College Station, Texas.
The 20,000-sq.-ft. space is located on the northeast corner of Texas Avenue and Harvey at 1505 South Texas Avenue in College Station. OfficeMax is relocating from its current space at 410 Harvey Road, where it has been for more than 15 years. Co-tenants include Kohl’s, Spec’s Wines, Spirits & Finer Foods, AT&T, Anna’s Linens, Dollar Tree and Cato Fashions.
Brixmor announces opening of 32 Halloween-themed stores
New York City — Brixmor Property Group US said Tuesday that 21 leases have been executed with Spirit Halloween and 11 leases with Halloween City across Brixmor’s property portfolio.
The seasonal stores are scheduled to be open through Halloween, and include shopping centers in 19 states.