DEALS

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DEALS

News and analysis on buying and selling real estate for new retail centers.

Simon gives Northwest Atlanta’s largest mall back to the bank

Simon Property Group and its lender, Deutsche Bank, put Town Center at Cobb mall in Kennesaw, Ga., on the auction block this week and received no bids. The property is now returned to the bank.

Boston area market gets $33.5 million re-finance to add a supermarket

Saugus Plaza Shopping Center, a northern suburb of Boston, has won a $33.5 million refinancing to add a new supermarket anchor.

A Southern California investor paid $12.5 million for an 83,743-sq.-ft. Basha’s-anchored neighborhood center in Mesa, Ariz., near the Eastmark master-planned community.

Checkers Drive-In Restaurants is looking to ramp up its expansion.

Two years ago, Turnbridge Equities and Denali Partners purchased Cary Towne Center in Cary, N.C., for $31 million with plans to tear down the mall that had lost its Sears, Macy’s, and J.C. Penney’s and replace it with a mixed-use town center. 

PREIT has finished restructuring with its final lender and exited Chapter 11.

The merger of two of the nation’s biggest mall owners that was announced in February and hit several snags throughout the year is finally a deal.

Two Westfield veterans who then went on to lead CBRE’s retail division will now run the retail unit at Madison Marquette. 

The high-end rug merchant Safavieh has purchased the Stamford Town Center mall in Stamford, Conn., from Taubman for $20.15 million.

Acquiring and disposing of shopping centers became more complicated with changes in business caused by COVID-19.

A&G Real Estate Partners is marketing leases for 163 recently closed Pizza Hut sites in 26 states.

Not all mall owners have the talent or temerity to turn an old, outdated mall into a mixed-use town center, especially if that owner is the city of Norfolk, Va.

Shopping centers and malls continue to work their ways out of the confines of COVID-19 with gains in traffic and new tenants coming on-stream.

A&G Real Estate Partners announced it has begun marketing leases for 280 Stein Mart locations being closed in connection with the company’s bankruptcy filing.

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