Skip to main content

Real Estate

  • Mid-America handles sale of Summit Crossing

    Chicago -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Summit Crossing located in Crown Point, Indiana. The 11,859-sq.-ft. center was purchased by a California-based private investor for $3.2 million.
     
    Summit Crossing is located at the southeast corner of Route 55 and East Summit Street in Crown Point, in the Chicago MSA. The 100% leased center features a tenant mix that includes ATI Physical Therapy, Advance Auto Parts, Supercuts and Starbucks.

  • Century 21 to expand beyond Northeast with store in Florida

    New York -- Legendary Manhattan off-price retailer Century 21 will open its first store outside its Northeast home base, at Sawgrass Mills, Sunrise, Florida. The 85,000-sq.-ft. store is set to open in the fall of 2016.

  • Johnny Rockets in deal to open 100 locations in China

    Aliso Viejo, Calif. -- Johnny Rockets recently signed the largest development deal in the brand's history, with a plan to open 100 restaurants in China, with the first scheduled to open in 2016.

  • GBT Realty acquires prime retail site near Austin

    Austin, Texas -- GBT Realty Corp. announced its acquisition of a prime retail site in the heart of one of the fastest-growing cities in Texas and the U.S. Located in Cedar Park, Texas – a community that has grown over 400% since 2004 – Lakeline Commons is a 1.43-acre site that is shadow-anchored by Target and adjacent to The Home Depot.  

    GBT acquired the north Austin outparcel for $1.6 million on March 19 from Regions Bank.  No additional terms are available.

  • Project Profile: Coastal North Town Center, North Myrtle Beach, S.C.

    Recent completion of the $60 million power center Coastal North Town Center signaled the arrival of Myrtle Beach’s first Publix supermarket and Hobby Lobby store.

  • Report: Japan government fund to help launch chain of green tea cafes in U.S.

    Tokyo – The Cool Japan Fund, a fund mostly supported by Japanese taxpayers and linked to Japan’s government, will reportedly invest $2.18 million in a chain of U.S. green tea cafes. According to Reuters, the Cool Japan Fund will take a 49.9% stake in Green Tea World USA Inc.

    Green Tea World plans to open its first tea café in California later in 2015. The company intends to open 50 stores in California cities including Los Angeles, San Francisco and San Jose in the next decade. Beverages will sell for $3 to $4 each.

  • Report: San Francisco has lowest retail vacancy rate in the U.S.

    New York -- Prospects for stellar rent growth and low vacancy helped make San Francisco the top-ranked city, followed by New York, in Marcus & Millichap’s 2015 National Retail Index, an annual real estate ranking of 46 major U.S. markets. Rounding out the top five: San Jose (#3); Austin (#4) and San Diego (#5).

  • CBL and Horizon start expansion of Outlet Shoppes of the Bluegrass

    Chattanooga, Tenn. -- CBL & Associates Properties and Horizon Group Properties have begun construction on the second phase of The Outlet Shoppes of the Bluegrass, near Louisville, Kentucky.

    The 53,400-sq.-ft. expansion is scheduled to open this November and will bring eight more retailers to the center including H&M, Abercrombie & Fitch, The Limited Outlet, and Johnny Rockets. The outlet shopping center, located off Interstate 64 between Louisville and Lexington, opened July 31, 2014.

X
This ad will auto-close in 10 seconds