The recession took a major toll on the retail real estate sector but, despite waffling consumer confidence, the sector continues to improve. Retail now accounts for 19% of total U.S. investment volume year-to-date 2013.
Retail experts from Jones Lang LaSalle predict four key forces that will drive an increase in the retail transaction market during 2014:
Green Bay, Wis. -- Shopko announced plans to open two new Shopko Hometown stores. The stores, which will average 36,000 sq. ft., are located in Mayville, Wis., and Valentine, Neb.
Fort Worth, Texas – RadioShack has completed a new financing totaling $835 million. That figure includes a $535 million credit facility led by GE Capital, Corporate Retail Finance and a $250 million secured term loan led by Salus Capital Partners, LLC.
RadioShack has completed a new financing totaling $835 million. That figure includes a $535 million credit facility led by GE Capital, Corporate Retail Finance and a $250 million secured term loan led by Salus Capital Partners.
Pleasanton, Calif. – Safeway has appointed Brian Baer to president of the company's Eastern Division. Baer joined Safeway in 2001 as VP finance for the company's Phoenix Division. In 2004, he became group VP finance planning and analysis at the Safeway's corporate headquarters.
XPO Logistics has entered into a definitive agreement with Landstar System to acquire NLM, the largest provider of Web-based expedited transportation management in North America.
A second technology product, A3i, is included in the planned acquisition. The acquisition is expected to be immediately accretive to earnings, exclusive of any synergies with the company's existing expedite business.
Houston — Jones Lang LaSalle’s Capital Markets group has closed the sale of Northwest Crossing Centre, a 179,469-sq.-ft., fully leased shopping center in Houston. USA Properties purchased the property from Weingarten Realty. JLL secured 10-year, fixed-rate financing for the acquisition.
