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Sale of the Week: Riverview Plaza in Frederick, Maryland
Finmarc Management, Inc. acquired Riverview Plaza, a 185,275-s.f. regional shopping center in Frederick for $30M. The center is anchored by T.J. Maxx, Michaels, PetSmart and Bob’s Discount Furniture, and shadow anchored by The Home Depot and Target. Other tenants include Staples, Sierra and Old Navy. The property was 95% leased at the time of the transaction. More
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Anatomy of a Lease: Fun City Adventure Park in Columbus, Ohio
The trampoline park will occupy a former movie theater space in the Carriage Place Shopping Center in Columbus. Carriage Place is a dominant, highly visible community center at a highly trafficked intersection that sees a combined 53,000 vehicles per day. The center benefits from a high-traffic Walmart as its anchor tenant, ensuring consistent customer flow. More
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Retailers are placing their bets on the Northeast
Retailers of all types such as apparel shops, furniture stores, restaurants, gyms and grocers are all setting their sights on new units throughout the Northeast. Many look toward the Tri-State Area for new locations, along with the Boston MSA. These chains are betting on sites in mixed-use properties, shopping centers, outlet centers and even malls More
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Texas sees a busy start to the summer
There have been a lot of new retail store openings and leasing activity in Texas over the last month or so. Retailers adding new units in the Lone Star State include restaurant chains, apparel shops, fitness centers, sporting goods stores and entertainment venues. While the major MSAs such as Houston, San Antonio and Dallas see More
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Decron Properties acquires shopping center in San Diego for $99 million
Decron Properties, one of the largest privately owned real estate firms in California, has acquired Mira Mesa Market West Shopping Center from Stockbridge Capital Group for $99 million. The 238,747-square-foot shopping center is located in the San Diego submarket of Mira Mesa. The center is anchored by Home Depot, Smart & Final and CVS. Each More
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Small retail lending is gaining momentum
There will be plenty of available capital for small retail deals, even from the local and regional banks. Count on lender optimism in the retail space, as fundamentals are strong, partially driven by the high costs to build new product. Lenders like that the sector has not been overbuilt and much of the obsolete product More
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Sit-down restaurant chains are growing
Below are some of the hottest sit-down restaurant chains that are expanding throughout the country, especially through franchise growth. Many of these chains are looking to enter new markets this year, as well as test out new unit types and menu items. Arkansas Snags Fondue Franchise Fondue chain The Melting Pot signs its first Arkansas More
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Sale of the Week: Bridgewater Shops in Bridgewater, N.J.
Bridgewater Shops is a five-building retail property in Bridgewater, which sold for $8.2M. The center offers 41,589 s.f. of highly adaptable retail space that is home to a variety of tenants, including PNC Bank, Edible Arrangements, Thai Kitchen and Y2 Academy. The property is located just off Interstate 287 with easy access to nearby Routes More










