HFF Arranges $12.9M Sale of Grocery-Anchored Retail Center Near New Haven

HFF Arranges $12.9M Sale of Grocery-Anchored Retail Center Near New Haven

Source: REBusinessOnline.com

Clinton Plaza in Clinton

CLINTON, CONN. — HFF has arranged the $12.9 million sale of Clinton Plaza, a 100,360-square-foot grocery-anchored shopping center in Clinton. Located at 215 Main St., the property is approximately 22 miles east of New Haven. The 92-percent-leased center is anchored by Stop & Shop supermarket. Additional tenants include T.J. Maxx and Dunkin’ Donuts. Jim Koury of HFF represented the seller, JMH Associates LLC, in the transaction. The buyer was Jerome Properties 215 LLC.

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Marcus & Millichap Brokers $12.2M Sale of Shopping Center in Somerset, New Jersey

Marcus & Millichap Brokers $12.2M Sale of Shopping Center in Somerset, New Jersey

Source: REBusinessOnline.com

The Shoppes at Pierce in Somerset

SOMERSET, N.J. — Marcus & Millichap has brokered the $12.2 million sale of Shoppes at Pierce Street, a 37,800-square-foot shopping center in Somerset. Located at 147-151 Pierce St., the newly developed property consists of three buildings, as well as a standalone Investors Bank pad site. Michael Lombardi and Marc Karlin of Marcus & Millichap’s New Jersey office represented the seller, a private investor, in the transaction. The buyer was undisclosed. 

Please note:

This article was imported from an external RSS feed distributed by REBusinessOnline.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
HFF Negotiates $43M Sale of LA Fitness-Anchored Shopping Center in South Florida

HFF Negotiates $43M Sale of LA Fitness-Anchored Shopping Center in South Florida

Source: REBusinessOnline.com

The property is situated on 21.3 acres, about 14 miles west of West Palm Beach.

WELLINGTON, FLA. — HFF has arranged
the $43 million sale of The Pointe at Wellington Green, a 107,368-square-foot shopping
center in Wellington. HFF represented the seller, The Centre at Wellington
Green Ltd., in the transaction. The asset was 96 percent leased at the time of
the sale to tenants including LA Fitness, Saito’s Japanese Steak House, Sport
Clips, Five Guys, Jamba Juice, Olive Garden, Don Ramon Cuban Cuisine and
Franco’s Italian Restaurant. The property is situated on 21.3 acres, about
14 miles west of West Palm Beach. HFF also arranged a $13.5 million, 13-year,
fixed-rate acquisition loan through Principal Real Estate Investors on behalf
of the buyer, The Pointe at Wellington LLC.

Please note:

This article was imported from an external RSS feed distributed by REBusinessOnline.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Cushman & Wakefield Arranges Sale of 117,138 SF Office Building in Raleigh

Cushman & Wakefield Arranges Sale of 117,138 SF Office Building in Raleigh

Source: REBusinessOnline.com

Legacy at Brier Creek was fully leased at the time of the sale and anchored by Infosys.

RALEIGH, N.C. — Cushman &
Wakefield has arranged the sale of Legacy at Brier Creek, a four-story,
117,138-square-foot office building in Raleigh. Legacy at Brier Creek delivered
in December 2017 and was fully leased at the time of the sale and anchored by Infosys,
an Indian multinational corporation that provides business consulting,
information technology and outsourcing services. The asset is situated about 13
miles northwest of Raleigh and about nine miles southeast of Durham. David
Finger, Sara Owen, David Meline and Samir Idris of Cushman & Wakefield
represented the undisclosed seller in the transaction. Zurich Alternative Asset
Management LLC represented the buyer, a member company of Zurich North America,
in the transaction. The sales price was not disclosed.

Please note:

This article was imported from an external RSS feed distributed by REBusinessOnline.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Tanger Outlets Announces Plans for New Mall in Downtown Nashville

Tanger Outlets Announces Plans for New Mall in Downtown Nashville

Source: REBusinessOnline.com

NASHVILLE, TENN. — Tanger
Outlets has announced plans to open a new outlet mall in downtown Nashville.
This will be Tanger’s second location in Tennessee and 43rd in the United
States. The site will comprise 300 acres off Interstate 24. At full build-out,
it will offer 280,000 square feet of leasable space. The company said it will
not break ground until the property is at least 60 percent leased.

Please note:

This article was imported from an external RSS feed distributed by REBusinessOnline.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Cypress, Greenbelt to Develop 162,000 SF Office Project in East Austin

Cypress, Greenbelt to Develop 162,000 SF Office Project in East Austin

Source: REBusinessOnline.com

Eastlake at Tillery, a 162,000-square-foot office project in Austin, is expected to be complete in 2020.

AUSTIN, TEXAS — National development firm Cypress Real
Estate Advisors and Austin-based Greenbelt Commercial LLC will develop Eastlake
at Tillery, a 162,000-square-foot office project in East Austin. The property
will consist of two buildings and an above-ground parking garage. Delineate
Studios is handling design of the project and AQUILA Commercial is handling
leasing. The groundbreaking is slated for fall 2019 and completion is scheduled
for 2020.

Please note:

This article was imported from an external RSS feed distributed by REBusinessOnline.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
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