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Cole acquires 11 PetSmart retail properties for $74 million
Phoenix -- Cole Real Estate Investments said Monday that it has acquired a portfolio of 11 PetSmart retail properties for $74 million.
The approximately 300,000-sq.-ft. triple-net leased portfolio is located in primary markets in California, Florida, Illinois, Maryland, Massachusetts, Michigan and Texas. The 11 individual retail properties are leased to PetSmart, under one master lease, with an original 20-year lease term and approximately 10 years remaining, plus three automatic renewals for up to a total of 20 additional years.
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Romo Italian Designers to open at Crossing Shopping Village
Miami Beach, Fla. -- Terranova Corp. said that men’s fashion retailer Romo Italian Designers will open a 1,020-sq.-ft. store at the Crossing Shopping Village, in Miami.
The location is a first for the retailer under the Romo Italian Designers banner. The store is slated to open by the end of August.
The Crossings Shopping Village is anchored by Publix, and tenanted by CVS, Blockbuster Video and Chicken Kitchen.