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Divaris completes four transactions in Southeastern Virginia
Virginia Beach, Va. -- Divaris Real Estate, Inc. announced the completion of four retail transactions, totaling 21,688 sq. ft.
Dollar Tree renewed its lease for 9,663 sq. ft. at Williamsburg Marketcenter, located at 6610 Mooretown Road, in Williamsburg.
Castaways Inc. leased 5,025 sq. ft. of retail space at the Divaris-leased and -managed Lynnhaven Green Shopping Center, located at 1505 Lynnhaven Parkway, in Virginia Beach.
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Urban Retail acquires pair of Michigan shopping centers for $51 million
Chicago -- Urban Retail Properties, LLC, announced the acquisition of Oakland Square and Oakland Plaza in Troy, Michigan, by its parent company RAIT Financial Trust. Purchase price was $50.8 million.
Both properties are adjacent to Oakland Mall, a 1.5-million-sq.-ft. super-regional center that Urban Retail currently manages.