REBusinessOnline

InterFace Denver Retail Estate Conference Slated for June 28

Western Real Estate Business, Shopping Center Business and InterFace Conference Group will host the second annual InterFace Denver Retail Real Estate conference on June 28th at the Four Seasons Hotel in Denver. This conference will discuss the changing retail environment and its effect on the retail sector in Denver. Hear from the most active retail players from the Denver area on how they see retail growth and opportunities. Plus learn who is leasing, building, buying, selling and financing …

Northwood Begins Renovation of 169,229 SF Shopping Center in Dallas

DALLAS — Northwood Retail, an affiliate of national investment advisory firm Northwood Investors, has begun the renovation of Hillside Village, a 169,229-square-foot shopping center in Dallas. Northwood is upgrading the facades, lighting and roofs of the spaces, as well as delivering a new parking and sidewalk system. The renovation project expected to be complete by year’s end. New tenants joining the property, which was built in 1954, include Session Pilates, Villa Nail Spa and Hillside …

Publix to Anchor Retail Portion of Latitude Margaritaville in Daytona Beach

DAYTONA BEACH, FLA. — Sutton Properties has signed Publix to anchor Latitude Landings, the 200,000-square-foot retail portion of Latitude Margaritaville Daytona Beach, an active adult community. Margaritaville Holdings and Minto Properties are developing the community, and Sutton Properties is developing and leasing the project’s retail portion, dubbed Latitude Landings. Publix will occupy 48,000 square feet at the shopping center, which will be located on LPGA Boulevard, adjacent to the …

Colliers Brokers Sale of Former Car Dealership in Palatine, Illinois

PALATINE, ILL. — Colliers International has brokered the sale of a former Jaguar car dealership in Palatine, located about 35 miles northwest of Chicago. The sales price was not disclosed, but the asking price was $3.3 million. Studio 41, a kitchen and bath plumbing fixtures manufacturer, purchased the 30,000-square-foot property with plans to convert it into a home design showroom. Upon completion, the property will be open to homeowners, contractors, designers and architects. Anne Dempsey …

Pinnacle Brokers $5M Sale of 8,318 SF Retail Property in Castle Rock, Colorado

CASTLE ROCK, COLO. - Pinnacle Real Estate Advisors has arranged the sale of a multi-tenant retail property located at 1341 New Beale St. in Castle Rock. A Colorado-based developer sold the property to a California-based private investor for $5 million, or $601 per square foot, in a 1031 exchange. The newly built property features 8,318 square feet of retail space. At the time of sale, the property was fully occupied by Potbelly Sandwich Shop, Smoothie King, European Wax Center, Fine Nails and …

CBRE Arranges Sale of 342,600 SF Retail Center Near Harrisburg

MECHANICSBURG, PA. — CBRE has arranged the sale of Silver Spring Square, a 342,600-square-foot, grocery-anchored retail center in Mechanicsburg, eight miles west of Harrisburg. CBRE represented the seller, DDR Corp. The buyer was The Wilder Companies. The sales price was not disclosed. Built in 2007, the shopping center is anchored by a 126,240-square-foot Wegmans supermarket and includes a 139,377-square-foot Target as well as an 87,000-square-foot Kohl’s. Other retail tenants include Best …

Venture Commercial Brokers Sale of Two Albertsons Stores Totaling 123,737 SF in DFW

MURPHY AND WATAUGA, TEXAS — Venture Commercial has brokered the sale of Albertsons grocery stores totaling 123,737 square feet in the Dallas-Fort Worth (DFW) metros of Murphy and Watauga. The 62,322-square-foot Murphy store anchors the Shops of Murphy retail center, and the 61,415-square-foot Watauga store anchors the Shops of Watauga retail center. John Zikos and Charlotte Cooper of Venture Commercial represented Albertsons LLC, which owns the stores, in the transaction. Sean Porter of …

NorthMarq Secures $7.7M Construction Loan for Retail Property in Jeffersonville, Indiana

JEFFERSONVILLE, IND. — NorthMarq Capital has arranged a $7.7 million construction loan for Jeffersonville Town Center in southern Indiana. The 64,855-square-foot retail property will be located at 1450 Veterans Parkway. The project is the first phase of a 160-acre mixed-use development. Randall Waddell of NorthMarq arranged the three-year loan with a local bank. The borrower was not

How the Omaha Retail Market Is Adapting to Big Box Store Closures

The pace of evolution in the retail sector is accelerating in a manner that few would have anticipated even five years ago. E-commerce has proven to be a very powerful disruptor, affecting both retailers and property owners alike. For some who have had the foresight and financial resources to adapt to this change, the disruption has brought opportunities for growth and increased market share. Clearly, not all have been able to adapt — some due to lack of execution and others seemingly …

Speedway Agrees to Acquire 78 Express Mart Locations in New York

SYRACUSE, ROCHESTER, BUFFALO, N.Y. — Speedway LLC has signed an agreement to purchase 78 Express Mart store locations held by Petr-All Petroleum Consulting Corp. The stores are located primarily in the Syracuse, Rochester and Buffalo markets. Following the acquisition, the stores will be rebranded as Speedway locations. The transaction is expected to close by the end of the third quarter. Speedway, headquartered in Enon, Ohio, is the nation’s second largest company-owned and operated …