Landau Properties Breaks Ground on $550M Residential Project in Brooklyn

Hayden Spiess — Thu, 02 Jul 2026 11:47:00 +0000

NEW YORK CITY — Landau Properties, in partnership with Third Millennium Group and Midtown Equities, has broken ground on a new residential development located in Brooklyn Heights. Project costs will total an estimated $550 million. The developers received $213 million in financing for the first phase of the development in December 2025. Upon completion, One Montague Place will comprise 46 luxury condominium residences, 90 multifamily units and 40,000 square feet of retail space. Condominiums at the development will span roughly 3,000 square feet and include three bedrooms. AECOM Tishman is leading construction on the project. The project team also includes Zarifi Design, Hill West Architects and Douglas Elliman. “With world-class amenities and stunning skyline views, One Montague Place will redefine luxury residential living in the heart of Brooklyn, and we are honored to break ground on this game-changing project in conjunction with Landau Properties,” says Eric Reid, COO of AECOM Tishman. Completion of the development is scheduled for 2029. Founded in 2022, Landau Properties develops, acquires and operates residential and commercial real estate properties in New York and South Florida. — Hayden Spiess

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Kennedy Wilson, Jamison Plan to Develop 4,000 Affordable Housing Units in Los Angeles

Kristin Harlow — Wed, 01 Jul 2026 12:00:00 +0000

LOS ANGELES — Kennedy Wilson and Jamison have entered into a joint venture partnership, with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground-up construction projects. The partnership is between Jamison’s newly launched affordable housing division, Arden Residential, and Kennedy Wilson’s affordable housing development joint venture, Vintage Housing. The first project is the conversion of the former LA World Trade Center office complex at 350 S. Figueroa St. The 400,000-square-foot property will be transformed into 512 affordable housing units and renamed Sky Castle. Units will come in one-, two- and three-bedroom floor plans. Amenities will include community rooms, a dedicated coworking space, resident lounge, onsite storage, laundry rooms and mail parcel rooms. Development on the first phase of Sky Castle is expected to begin in August and will focus on the building’s concourse levels, creating 241 units for families earning between 30 and 80 percent of the area median income. Phase II, planned for the office tower above, will add 271 units. The City of Los Angeles has approved the project under its new adaptive reuse ordinance. “Together, we will develop thoughtfully designed housing for families, seniors and communities through both adaptive reuse conversions…

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Digital Realty Agrees to Buy Blackstone’s Stake in Northern Virginia Data Center Portfolio for $3.5B

Matthew Auchincloss — Tue, 30 Jun 2026 12:00:00 +0000

MANASSAS AND STERLING, VA. — Data center firm Digital Realty has agreed to purchase a $3.5 billion equity stake in three data centers located in the Northern Virginia cities of Sterling and Manassas from Blackstone-affiliated funds. The portfolio maintains a gross value of $7.8 billion, reflecting an expected initial stabilized capitalization rate of over 6.5 percent. The portfolio is comprised of three data centers — two in Manassas, one in Sterling — which each contain 96 megawatts of IT capacity. Digital Realty will purchase Blackstone’s 80 percent interest in the Manassas properties and 50 percent interest in the Sterling facility, including assumed debt and remaining capital expenditures to complete the ongoing development. Two of the data centers are expected to stabilize in the first half of 2027 while the third is anticipated to stabilize in 2028. The data centers are all fully leased for 15 years to investment-grade hyperscale customers, and rent will escalate annually by 3.6 percent. The transaction will see Digital Realty pay Blackstone $1.2 billion in cash as well as $2.3 billion in Digital Realty shares for a blended 64 percent equity interest in the properties. Digital Realty was an original partner in the $7 billion joint…

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Bridgepoint Group Agrees to Acquire Kayne Anderson Real Estate for $1.4B

Taylor Williams — Mon, 29 Jun 2026 12:05:00 +0000

LONDON AND BOCA RATON, FLA. — Bridgepoint Group, a private-sector investment management firm based in London, has entered into an agreement to acquire South Florida-based owner-operator Kayne Anderson Real Estate in a deal valued at roughly $1.4 billion. To fund the transaction, Bridgepoint plans to pay $759 million in cash and issue roughly 189 new shares of its common stock at an undisclosed price. The deal is expected to close before the end of the year, subject to shareholder and regulatory approvals. Upon closing, Bridgepoint’s assets under management will total roughly $117 billion across all verticals. According to Bridgepoint, the deal allows the British company to add commercial real estate as a fifth investment vertical to its platform, thus diversifying its holdings and expanding its presence in U.S. markets. The deal also positions nearly half of Bridgepoint’s portfolio to be comprised of real assets. Kayne Anderson Real Estate maintains about $22 million in assets under management, inclusive of debt, across commercial verticals such as multifamily (including seniors and student housing), healthcare and industrial. Upon closing, CEO Al Rabil will continue to lead and guide the business. “For the last 20 years, we have built a scaled real estate platform focused…

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PGIM Provides $222M Loan for Refinancing of Two Office Buildings in Midtown Manhattan

Abby Cox — Fri, 26 Jun 2026 11:30:00 +0000

NEW YORK CITY — PGIM, the global asset management business of Prudential Financial Inc. (NYSE: PRU), has provided a $222 million loan on behalf of Rudin Management Co. for the refinancing of two office buildings in Midtown Manhattan. The refinancing, funded through PGIM’s core lending strategy, includes a $140 million loan for 41 Madison Avenue and an $82 million loan for 641 Lexington Avenue. The fixed-rate, long-term loans were issued to replace and expand on previous debt held on the properties, which total more than 1 million square feet. “These financings reflect continued lender confidence in high-quality office assets located in premier urban markets,” says Justin Levitt, managing director at PGIM. “The properties are exceptionally well-located with strong tenancy, long-term ownership and enduring relevance within the Midtown Manhattan office market.” Situated in the Flatiron District, 41 Madison Avenue spans 42 stories and totals 524,900 square feet. Completed in 1974, the tower is also known as the New York Merchandise Mart, which serves as a global hub for the tableware, housewares and gift industries. Mark’s Off Madison, an Italian restaurant and bakery, is also located at the property. 641 Lexington Avenue, a 32-story, 426,700-square-foot office tower located in the Midtown East Plaza…

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Developers Receive $785M Financing Package for Residential Project in Brooklyn

Hayden Spiess — Thu, 25 Jun 2026 11:45:00 +0000

NEW YORK CITY — Charney Cos., Tavros and Incoco Capital have received $785 million in construction financing for the development of 175 Third Street, the fifth building at the $1 billion Gowanus Wharf campus in Brooklyn. Apollo and Affinius Capital are providing $600 million in debt, and RXR is providing $185 million in equity. Christopher Peck, Peter Rotchford and Nicco Lupo of JLL secured the financing on behalf of the borrowers. Upon completion, 175 Third Street will mark the largest building at the development, which is situated within the Gowanus area of Brooklyn. Charney and Tavros purchased the site in May for $160 million. The residential building will total roughly 1.1 million square feet across 27 stories and will house approximately 1,100 units. Of the residences, 25 percent will be designated as permanently affordable housing. Bjarke Ingels Group designed the property, which will also feature a 28,000-square-foot public waterfront esplanade in collaboration with the New York City Department of Parks & Recreation. Additionally, Life Time has signed an 85,000-square-foot lease at the building for a three-story fitness club and spa. “Securing this financing with Apollo, Affinius and RXR validates both the strength of 175 Third Street and our long-term commitment to this…

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Skanska Wins $325M Contract to Construct Marriott Hotel in Cincinnati

Matthew Auchincloss — Wed, 24 Jun 2026 12:30:00 +0000

CINCINNATI — Multinational construction and development company Skanska has been awarded a $325 million contract with Atlanta-based developer Portman Holdings to construct a 21-story Marriott-branded hotel in downtown Cincinnati. The 700-key, full-service hotel will be located next to the newly renovated First Financial Center convention center. According to the development team, the hotel will be the first “true” Marriott-branded hospitality property in downtown Cincinnati, although hotels bearing Marriott brands such as AC Hotels and Renaissance are already in operation. Amenities will include multiple ballrooms, 62,250 square feet of meeting and event space, 17,445 square feet of outdoor terrace space, restaurant and a hotel bar. Additionally, Portman Holdings has secured $410 million in private funding, according to the Cincinnati Business Courier. Bank OZK provided the senior construction loan and Huntington National Bank provided a bridge loan. The Cincinnati Business Courier also reports that the public funding component of the project was secured in March when the Port of Greater Cincinnati Development Authority approved the sale of $130 million in tax-exempt bonds. The project is a public-private partnership with the public share totaling 46 percent. The port purchased the site, which at the time was a surface parking lot in 2018. Construction is slated to begin in…

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X-Caliber Provides $431M in Financing for Redevelopment of Coco Palms Resort in Hawaii

John Nelson — Tue, 23 Jun 2026 12:00:00 +0000

KAUAI, HAWAII — X-Caliber Capital Holdings, a commercial real estate finance firm based in Irvington, N.Y., has provided a financing package totaling $431 million for the redevelopment of Coco Palms, a 32-acre resort destination on the Hawaiian island of Kauai. The property was famously the filming location of “Blue Hawaii,” a 1961 movie starring Elvis Presley, and is listed on the National Register of Historic Places. “Coco Palms holds a unique place in Kauai’s history, and its restoration is an exciting development for the island and its residents,” says Chris Callahan, president and CEO of X-Caliber. The financing includes $185.6 million of conventional financing via an affiliate of X-Caliber, X-Caliber Rural Capital, and $245.4 million of C-PACE financing through CastleGreen Finance, another X-Caliber affiliate. Together, the loans will provide 80 percent of the estimated redevelopment cost and are priced at an “attractive,” blended interest rate. Gabe Mashaal of X-Caliber Rural Capital originated the conventional loan on behalf of the developer, Utah-based Reef Capital Partners. New York City-based Highgate will operate Coco Palms upon completion of the redevelopment, which is planned for 2028. The conventional funds are intended to provide construction-through-stabilization financing for up to five years. The C-PACE funds are…

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Federal Government Agencies Break Ground on $228M Food Lab Near Denver

Taylor Williams — Mon, 22 Jun 2026 11:57:00 +0000

LAKEWOOD, COLO. — The U.S. General Services Administration (GSA), U.S. Health and Human Services (HHS) and the U.S. Food and Drug Administration (FDA) have broken ground on a $228 million food lab in Lakewood, a southwestern suburb of Denver. According to Colorado Politics, the site is located within Denver Federal Center, a complex that spans 4 million square feet of space across 90 buildings. The complex houses operations of 28 federal agencies representing some 6,200 employees, according to the local publication. The new food lab will include 16,500 square feet of new lab space for microbiology functions and 14,000 square feet for chemistry initiatives. The facility will be used to support the FDA’s management of foodborne illness outbreaks and ensure product safety for food, drugs and cosmetics. Completion is slated for 2029. The exterior design of the facility will feature a neoclassical style that reflects President Donald Trump’s executive order to “making federal architecture beautiful again.” The interior of the facility will include controlled access and a sustained directional airflow system. Additionally, the property will be the FDA’s only Biosafety Level 3 facility west of the Mississippi River. “Laboratories are vital to the FDA’s mission to ensure the safety of…

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Ilitch Cos. Agrees to Acquire Two Casinos in Mississippi and New Jersey, Forms Ilitch Gaming

Matthew Auchincloss — Fri, 19 Jun 2026 12:00:00 +0000

DETROIT — Ilitch Cos., which owns and operates the Detroit Red Wings, the Detroit Tigers, pizza chain Little Caesar’s and Olympia Entertainment, has agreed to acquire Scarlet Pearl Casino Resort in D’Iberville, Miss., as well as the remaining 50 percent ownership interest in Ocean Casino Resort in Atlantic City, N.J. In conjunction, Ilitch Cos. CEO Chris Ilitch has also announced the formation of Ilitch Gaming, a new enterprise that will oversee the company’s gaming businesses, including the two new casinos. Detroit-based Ilitch Cos. also owns MotorCity Casino Hotel, located in Detroit, which will also now come under Ilitch Gaming’s operating umbrella. Scarlet Pearl Casino Resort is a 300-key hotel with a gaming floor containing more than 800 slots and video poker machines and 30 table games. The property also features multiple amenities and a 36-hole miniature golf course. The purchase of Scarlet Pearl Casino Resort marks the third market Ilitch Cos. has expanded into. Ocean Casino Resort features 1,860 rooms with a 135,000-square-foot casino floor, a 4,500-seat concert venue and 160,000 square feet of meeting and convention space. The beachfront property spans than 20 acres and offers proximity to the Atlantic City Boardwalk. In addition, Ocean Casino Resort offers a…

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Pinnacle Financial Partners to Establish Corporate Headquarters at Office Tower in Midtown Atlanta

Hayden Spiess — Thu, 18 Jun 2026 11:30:00 +0000

ATLANTA — Pinnacle Financial Partners (NYSE:PNFP) has announced plans to establish a corporate headquarters at Ten Twenty Spring, a 525,000-square-foot office tower located in Midtown Atlanta. A partnership between locally based Portman and Perform Properties, a portfolio company of Blackstone Real Estate, developed the tower in 2024. Founded in 2000, Pinnacle offers a range of banking, investment, trust, mortgage and insurance products and services. The company merged with Synovus earlier this year. Pinnacle will occupy 165,000 square feet and have building signage at Ten Twenty Spring, which is situated within the Spring Quarter mixed-use district. The company will retain its bank headquarters in downtown Nashville and will relocate an estimated 400 team members to the new Atlanta office. Pinnacle’s existing footprint includes 46 locations in metro Atlanta. “We’re planting the flag for our new corporate headquarters in a building and neighborhood that match the energy we feel about our future and our opportunity for growth in Atlanta,” says Kevin Blair, president and CEO of Pinnacle. Stream Realty Partners represented the building ownership in the lease negotiations. CBRE represented Pinnacle, which plans to occupy its new space in the second half of 2027. Consulting giant EY also recently signed a lease at Ten…

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Sidley to Relocate Chicago Office to Planned 1 MSF Tower in Fulton Market

Kristin Harlow — Wed, 17 Jun 2026 12:00:00 +0000

CHICAGO — Law firm Sidley Austin LLP has unveiled plans to relocate its Chicago office to 725 Randolph, a new office tower by Related Midwest in the city’s Fulton Market neighborhood. Sidley will serve as the anchor tenant of the 45-story, 1 million-square-foot property at 725 W. Randolph St. Occupancy is slated for late 2030. Todd Lippman led the CBRE team that represented Sidley. The lease square footage was not disclosed, but several media outlets report it to around 500,000 square feet. Sidley currently leases about 544,000 square feet in the 40-story tower at 1 S. Dearborn St. in Chicago’s Loop through 2030. Designed by Kohn Pedersen Fox, 725 Randolph will offer column-free floorplates, unobstructed views of the cityscape, a range of amenities and nearby dining options. Signature amenities will include private terraces offering an outdoor work setting, a destination restaurant and an outdoor sundeck. Related Midwest still needs to complete project financing and receive city council approval, according to local media reports. In its announcement, Sidley says Chicago’s Fulton Market has emerged as a destination for business, innovation and talent and is one of the nation’s fastest growing mixed-use districts. “Chicago has been central to Sidley’s history for more…

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Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7B

John Nelson — Tue, 16 Jun 2026 12:00:00 +0000

LOUISVILLE, KY. — Yum! Brands Inc. (NYSE: YUM), the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc. (NYSE: YUMC), which is based in Shanghai and was spun off from Yum! Brands in 2016, is acquiring the Pizza Hut holdings in mainland China for approximately $1.2 billion. Yum China says it is financing its acquisition using a combination of cash and debt financing. Yum! Brands announced in November that it began exploring strategic options for the Pizza Hut vertical. Founded in 1958, Pizza Hut is considered the second-largest pizza brand in the world with more than 15,500 restaurants in 108 countries globally and approximately $10 billion in annual system-wide sales, according to LongRange Capital. “Under LongRange and Yum China, Pizza Hut will be well-positioned for future growth with ownership that brings deep expertise in the restaurant…

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NewQuest Begins Work on 544-Acre Mixed-Use Development in Seguin, Texas

Taylor Williams — Mon, 15 Jun 2026 11:47:00 +0000

SEGUIN, TEXAS — Houston-based developer NewQuest has begun work on Seguin Exchange, a 544-acre mixed-use development that will be located on the northeastern outskirts of San Antonio. NewQuest first acquired the land in 2007 and is now underway on infrastructural work. Plans for Seguin Exchange currently call for approximately 2 million square feet of industrial space and 750,000 square feet of retail, restaurant and entertainment space that will be housed within a single shopping center. Seguin Exchange is also planned to feature medical, multifamily and hospitality uses. Within the development’s retail component, NewQuest is in negotiations with various retailers that could account for as much as 400,000 square feet of preleasing activity, inclusive of anchor spaces. NewQuest expects the first retail stores to open at the end of 2027. The majority of retailers, service businesses and restaurants should follow in 2028. Within the industrial component, the site can support more than 250 acres of new development, which NewQuest plans to construct in partnership with an undisclosed, Houston-based firm. Ohio-based automotive supplier KTH Parts has already committed to the project via a 40-acre ground lease, with construction slated to begin later this year. “We are fortunate to have been patient with…

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Allen Morris Co. Receives $113.7M Loan for Refinancing of Office Tower at Star Metals District in Atlanta

Abby Cox — Fri, 12 Jun 2026 11:45:00 +0000

ATLANTA — Allen Morris Co., a mixed-use developer based in Coral Gables, Fla., has received a $113.7 million loan from Mexico-based Banco Inbursa for the refinancing of Star Metals Offices, a 267,000-square-foot office tower in Atlanta’s West Midtown neighborhood. The transaction will retire the existing construction loan provided by Bank OZK and Barings. “This refinancing is a testament to the quality and curation of what we have built at Star Metals Offices,” says Spencer Morris, president of Allen Morris Co. “Securing this financing package from Banco Inbursa — an institution that has become one of the most active and discerning real estate lenders in the country — reflects the caliber of our tenants, our retail program and the broader Star Metals District vision.” The 15-story office tower, which is 97 percent leased, opened in July 2021 and is the centerpiece of the $1.5 billion Star Metals District development. Tenants include Outreach, a new-to-market tech company; Nike’s regional technology hub; Signature, a leading coworking group; PrizePicks; Nelson Architecture; Brand Apart; PagerDuty; Sovos; and BMI, among others. Designed by Oppenheim Architecture and Warner Summers Architecture, Star Metals Offices features exterior balconies on each level, as well as a coffee shop, outdoor lounges/workspaces, a 5,000-square-foot rooftop restaurant…

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U.S. Government Sells Historic Old Post Office Building, Former Trump Hotel in D.C.

John Nelson — Thu, 11 Jun 2026 12:00:00 +0000

WASHINGTON, D.C. — The U.S. General Services Administration (GSA), the real estate operations arm of the federal government, has sold the Old Post Office building and former Trump hotel at 1100 Pennsylvania Ave. in Washington, D.C. The building currently operates as a 263-key Waldorf Astoria hotel. Bank BDT & MSD, the owner of the leasehold, acquired the property for $80 million, according to The Wall Street Journal. According to the GSA, the sale is part of an ongoing effort to eliminate costly properties from its asset portfolio. The GSA also recently sold the former Estes Kefauver Federal Building parking garage site in Nashville for $52 million. According to the administration, the Old Post Office Building cost taxpayers approximately $6 million per year prior to 2013, when it was converted into a hotel by the Trump Organization. Since then, the property has received more than $250 million in private-sector investment. “The GSA remains committed to solving long-term problems that exist in the federal portfolio of assets, reducing waste and delivering long-term value to the American people,” the GSA said in a press release. The Old Post Office features the renown 315-foot clock tower, which houses the Bells of Congress, and is the…

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TOYO to Build $357M Solar Cell Manufacturing Facility in Metro Houston

Kristin Harlow — Wed, 10 Jun 2026 12:00:00 +0000

HOUSTON — Tokyo-based solar manufacturing company TOYO Co. Ltd. (NASDAQ: TOYO) has unveiled plans to expand its U.S. manufacturing platform by building a 1.5 gigawatt (GW) solar cell manufacturing facility that will be co-located at the company’s existing solar module site in metro Houston. The project is intended to create an integrated manufacturing hub that is expected to generate approximately 400 direct full-time manufacturing jobs. The expansion represents a total projected capital investment of approximately $357 million. Engineering, facility design and procurement planning are underway, with full project completion and initial pilot production expected within 20 months. The project will be carried out in structured phases to ensure compliance with local regulatory frameworks and permitting timelines. The facility will produce next-generation heterojunction (HJT) solar cells. Engineered for maximum yield, HJT cells utilize a technology that delivers an optimal temperature coefficient, ensuring high power production even in extreme heat, according to TOYO. By co-locating the facility with its module operations, TOYO expects to achieve operational synergies, reduce localized logistics costs and shorten the production cycle. “Expanding into domestic cell manufacturing is the natural next step in our commitment to creating an integrated onshore solar supply chain from polysilicon to panels,” says…

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Urban Outfitters to Open New Distribution Facility in Metro Philadelphia, Add 1,050 Jobs

John Nelson — Tue, 09 Jun 2026 12:00:00 +0000

PHILADELPHIA AND FALLS TOWNSHIP, PA. — Urban Outfitters Inc. (NASDAQ: URBN), a global portfolio of apparel retail brands and physical shops that includes Urban Outfitters, Anthropologie and Free People, is making a major investment in its home market of metropolitan Philadelphia. The company has announced that it will open a new facility for its Nuuly brand in Falls Township, a city located 28 miles northeast of Philadelphia in Bucks County. According to Urban Outfitters, the new facility will create 600 jobs and work in tandem with the existing 600,000-square-foot Nuuly distribution center in Raymore, Mo., that opened in 2024. Further details about the Falls Township facility were not released. Nuuly is a monthly subscription service that lets patrons rent apparel from URBN’s various brands. According to the Philadelphia Business Journal, Nuuly represents almost 10 percent of URBN’s total net sales. In addition to the new facility, URBN plans to invest at least $150 million in capital and create 450 jobs at its global headquarters campus at the Philadelphia Navy Yard. The company has been headquartered at the former shipyard since 2006 and recently opened the 117,000-square-foot Building 16. Today, URBN employs roughly 2,500 staffers at the Navy Yard, which includes adaptive…

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Catalyst Investment Partners Receives $281M in Acquisition Financing for National IOS Portfolio

Taylor Williams — Mon, 08 Jun 2026 11:57:00 +0000

NEW YORK CITY — New York City-based Catalyst Investment Partners has received $281 million in acquisition financing for a national portfolio of 77 industrial outdoor storage (IOS) properties. The properties are scattered across 12 markets, including locations in Northern New Jersey, Miami and Washington, D.C. The financing comprises separate loans provided by Blackstone Real Estate Debt Strategies and institutional investors advised by J.P. Morgan Asset Management. Justin Horowitz of New York City-based mortgage broker Cooper-Horowitz arranged the financing on behalf of Catalyst Investment Partners. The seller was not disclosed. The exact occupancy rate of the portfolio at the time of the loan closing was not disclosed, but the properties are leased to “a variety of tenants representing a diverse cross-section of industries,” according to Catalyst. These industries include equipment rental, infrastructure and e-commerce. “Our early entry into the IOS sector and proprietary data has enabled us to identify a deep opportunity set of small, flexible, low-coverage IOS properties that are situated in dense urban areas where the supply of IOS is fixed or declining, creating irreplaceable assets for occupiers and investors,” says Max Heiden, co-founder and partner at Catalyst. Heiden co-founded Catalyst in 2021 with Dan Haroun. The company currently…

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TPG-Led Investor Group Acquires Shopping Center Owner ECHO Realty in $2B Deal

Abby Cox — Fri, 05 Jun 2026 11:45:00 +0000

PITTSBURGH — TPG Real Estate has acquired ECHO Realty, a full-service owner and operator of grocery-anchored retail real estate, in a transaction valued at $2 billion. TPG, a global asset management firm based in San Fransisco, partnered with global investment groups PSP Investments, La Caisse and Norges Bank Investment Management for the transaction. “Our more than two decades of building and operating neighborhood, necessity-based shopping destinations demonstrate the enduring demand for grocery-anchored retail close to home,” says Thomas Karet, founder and CEO of ECHO. “With TPG’s investment and business-building expertise, we are confident ECHO is well-positioned to capitalize on demand for necessity-based shopping in key, high-performing markets.” Founded in 2000, ECHO owns and operates approximately 230 retail centers across the Midwest and Southeast U.S. markets, anchored by grocery and convenience stores such as Giant Eagle, Publix, Harris Teeter, Safeway, ACME Markets, Whole Foods Market and Alimentation Couche-Tard (GetGo). Since inception, the Pittsburgh-based company has acquired and developed more than 16 million square feet of neighborhood and regional centers. Notable shopping centers and properties owned by ECHO Realty include: The TPG-led investor group will partner with ECHO’s management team to scale the business across existing and new markets, while advancing acquisition…

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