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Pine Tree acquires Poplar-Prairie Stone Crossing
Chicago -- Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois. The recent acquisition is Pine Tree’s 70th and brings the company’s current portfolio to 3.4 million sq. ft. in 19 separate properties.
The 312,000-sq.-ft. shopping center is shadow-anchored by Target and features TJ Maxx, Michaels, Ross Dress for Less, PetSmart, Lane Bryant, and Sports Authority.
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Halpern Enterprises breaks ground on multi-use development
Smyrna, Ga. -- A groundbreaking ceremony has officially launched construction on Belmont, a 48-acre mixed-use development that will feature restaurants, retail shops, single-family homes and luxury rental apartments on the site of the former Belmont Hills Shopping Center in Smyrna, Georgia.
The development will include a 153-home single-family residential subdivision by David Weekley Homes; a 274-unit luxury apartment community by Wood Partners; and a 47,593-sq.-ft. neighborhood retail center, which developer Halpern Enterprises will build.