Tuesday, July 15, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Retail

GeorgiaLoansRetailSoutheast

Cohen Financial Secures $14.5M Loan for Retail Property in Metro Atlanta

by John Nelson

DORAVILLE, GA. — Cohen Financial, a division of SunTrust Bank based in Chicago, has arranged a $14.5 million acquisition loan for Doraville Plaza, a 190,000 square-foot retail complex in Doraville, a suburb of Atlanta in DeKalb County. Dan Rosenberg and Matt Terpstra of Cohen Financial’s Chicago office secured the 10-year, fixed-rate loan with a 30-year amortization schedule through Citigroup Global Markets Inc. on behalf of the borrower, The Equinox Group Inc., a commercial real estate owner/operator in Atlanta and a longtime client to Cohen Financial. Situated on Buford Highway, Doraville Plaza is anchored by Burlington.

Continue Reading
FacebookTwitterLinkedinEmail
RetailTexas

Marcus & Millichap Arranges Sale of 87,900 SF Retail Center in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Marcus & Millichap has arranged the sale of Sublett Corners Shopping Center, a five-building, 87,900-square-foot retail center located at 5900-5912 S. Cooper St. in Arlington. Situated on 10 acres and shadowed-anchored by Albertson’s, the Stein Mart-anchored center was 94 percent occupied at the time of sale. Bill Jordan of Marcus & Millichap represented the seller and procured the buyer, both of whom are private investors.

Continue Reading
FacebookTwitterLinkedinEmail
MidwestMinnesotaRetail

Cushman & Wakefield NorthMarq Arranges Sale of Two Shopping Centers in Suburban Minneapolis

by Kristin Harlow

BROOKLYN PARK, MINN. — Cushman & Wakefield NorthMarq has arranged the sale of two shopping centers in suburban Minneapolis for undisclosed prices. Edinburgh Festival Centre, located at the corner of Highway 252 and 85th Avenue North in Brooklyn Park, consists of 91,563 square feet. Festival Foods anchors the center, which is 95 percent leased. Other tenants include Caribou Coffee, Broadway Pizza and Dollar Tree. Shingle Creek Shopping Center consists of 39,456 square feet and is located in Brooklyn Center. The property is fully leased to tenants such as Panera Bread, H&R Block, Gamestop and UPS. IRC Retail Centers sold both properties to LS Capital. Leah Maurer of Cushman & Wakefield NorthMarq represented the seller in the Edinburgh Festival transaction and the buyer in the Shingle Creek transaction.

Continue Reading
FacebookTwitterLinkedinEmail
MichiganMidwestRetail

Mid-America Brokers Sale of 174,353 SF Shopping Center in Delta Township, Michigan

by Kristin Harlow

DELTA TOWNSHIP, MICH. — Mid-America Real Estate Corp. has brokered the sale of a 174,353-square-foot shopping center in Delta Township, a western suburb of Lansing. The sales price was not disclosed. Marketplace at Delta Township is located at the southwest corner of I-69 and Saginaw Highway. Michaels, PetSmart, Tractor Supply Co. and Ulta anchor the center. GDA Real Estate Services purchased the property. Ben Wineman, Carly Gallagher and Daniel Stern of Mid-America brokered the transaction on behalf of the seller, a public REIT.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsNortheastNortheast Market ReportsPennsylvaniaRetail

Redevelopment Drives Much of the Retail Story in Pittsburgh

by Camren Skelton

Pittsburgh retail can be summed up in three words: location, location, location — and the original definition of great real estate has never been more pronounced than it is today in the Pittsburgh retail market. According to some publications, retail and retailers appear to be struggling almost everywhere for many different reasons, including online sales, too many stores, market conditions and oversaturation of product. However, as of year-end 2016, CoStar indicated that the overall Pittsburgh retail market occupancy rate was 96.8 percent. Pittsburgh has natural barriers to entry for retail due to its topography, which includes numerous hills and valleys, making it often times impossible to build a “newer, bigger, better” retail property across the street. As a result, many developers have successfully repurposed older centers through adaptive reuse, converting them in keeping with the latest and greatest retail trends. Other older centers have successfully withstood the test of time, replacing outdated retail concepts with today’s current concepts at significantly lower costs than building a new center. Adaptive reuse of Pittsburgh retail started decades ago when the May Company relocated Kaufmann’s Department Stores from four freestanding locations into the dominant regional malls, leaving one- and two-story 200,000-square-foot boxes vacant. Local …

Continue Reading
FacebookTwitterLinkedinEmail
RetailTexas

HSM Brokers Sale of 16,600 SF Retail Center in Mexia, Texas

by Taylor Williams

MEXIA, TEXAS — Henry S. Miller Co. (HSM) has brokered the sale of Mexia Plaza, a 16,600-square-foot retail center located at 1322 Milam St. in Mexia, a city approximately 40 miles east of Waco. Shadow-anchored by Walmart, the property was 100 percent occupied at the time of sale to tenants such as Cricket Wireless, Hibbett Sports and Payday Loans. Lane Kommer of HSM represented the seller in the transaction, and Michelle Hudson of Hudson Peters represented the buyers.  

Continue Reading
FacebookTwitterLinkedinEmail
ConnecticutLoansMultifamilyNortheastRetail

Arbor Realty Trust Funds Two Loans Totaling $34.5M in Connecticut

by Amy Works

WESTBROOK AND BRIDGEPORT, CONN. — Arbor Realty Trust has funded two loans, totaling $34.5 million, in Connecticut. The firm provided a $32.6 million for a retail property located in Westbrook. Funded under Arbor’s balance sheet bridge load program, the three-year interest-only, floating-rate loan features two one-year extension periods, allows the borrower to acquire the property and provides tenant improvement capital to execute a new 10-year lease to H&M. The name of the borrower was not released. Additionally, Arbor provided a $1.9 million acquisition loan for a 32-unit multifamily property in Bridgeport to an undisclosed borrower. Funded under the Freddie Mac small business loan product line, the 20-year loan features a fixed rate and a 30-year amortization schedule.

Continue Reading
FacebookTwitterLinkedinEmail
MassachusettsMixed-UseMultifamilyNortheastRetail

CBRE/NE Facilitates $17.2M Sale of Restaurant Site for Mixed-Use Development

by Amy Works

SAUGUS, MASS. — CBRE/New England has arranged the sale of the Hilltop Steak House site on Route 1 in Saugus. High Country Investors sold the property to AvalonBay Communities for $17.2 million. The buyer plans to develop the site into a 280-unit luxury rental apartment community with 25,000 square feet of retail space. Community amenities of the mixed-use property will include a landscaped courtyard, pool, fireplaces, grills, a dog park and a clubhouse with a fitness facility. Simon Butler, Biria St. John and Rob Robledo of CBRE/NE represented the seller and procured the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
MassachusettsNortheastRetail

NAI Hunneman Arranges $11.6M Acquisition of Two Retail Buildings in Needham, Massachusetts

by Amy Works

NEEDHAM, MASS. — NAI Hunneman has brokered the acquisition of two retail properties, located at 1257 and 1299 Highland Ave. in Needham. South Street 4414 Holdings LLC purchased the properties from DWM Interests and LGM Interests for $11.6 million. Situated on 1.4 acres, the buildings total 21,252 square feet and share a parking lot. David Ross of NAI Hunneman represented the buyer, while Craig Barker of Boston Real Estate Advisors represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts