Learn who we are and how we serve our community
Meet our leaders, trustees and team
Developing the next generation of talent
Covering the latest news and trends in the marketplaces industry
Check out wide-ranging resources that educate and inspire
Learn about the governmental initiatives we support
Connect with other professionals at a local, regional or national event
Find webinars from industry experts on the latest topics and trends
Grow your skills online, in a class or at an event with expert guidance
Access our Member Directory and connect with colleagues
Get recommended matches for new business partners
Find tools to support your education and professional development
Learn about how to join ICSC and the benefits of membership
Stay connected with ICSC and continue to receive membership benefits
First National Realty Partners bought the 139,000-square-foot Cedar Center South in University Heights, Ohio, for $38.8 million. Whole Foods anchors the property. Cushman & Wakefield represented the seller and secured a $25.7 million, 10-year, fixed-rate acquisition loan for the buyer through Sentinel Investments.
Fairway Investments and Pope & Land Real Estate bought the 47-year-old Brookwood Village in Birmingham, Alabama, as well as the adjoining Fresh Market-anchored center, for $21 million. Tenants include Macy’s, Hickory Tavern and Five Guys. The deal includes an empty Belk anchor but not the development’s Target store.
Stockbridge acquired a Publix-anchored center in Jacksonville, Florida’s Riverside from North American Development Group for $17.5 million. The property includes one 9,000-square-foot retail and restaurant strip, a 5,700-square-foot one and the 28,857-square-foot Publix. Tenants include Papa John’s, Publix Liquors, Starbucks, Tijuana Flats and The UPS Store.
Cloverleaf bought the 52,184-square-foot Pyramid Place Shoppes in Indianapolis for $6.5 million from Ziff Real Estate Partners. The tenant lineup includes restaurant chains like Qdoba, Skyline Chili, Firehouse Subs, Einstein Bros. Bagels, Five Guys and Chicken Salad Chick.
A 2,000-square-foot property in Chicago’s Wrigleyville that’s net leased to PNC traded for $6.2 million. The Boulder Group represented the local seller and the 1031 exchange buyer.
A 25,000-square-foot, single-tenant, net leased property in South Orange County, California, that’s occupied by Michaels traded for $4.85 million in a 1031 exchange. Hanley Investment Group represented the sellers, two separate family trusts based in Southern California and Nevada. Lee & Associates represented the buyer, a local investor. The store is a junior anchor at Foothill Ranch Towne Centre. Neighboring retailers include Target, Walmart, Hobby Lobby, Ralphs, At Home, Planet Fitness and Regal.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
Receive C+CT’s trendspotting, case studies, profiles, Q&As and updates on the people and companies that make up the Marketplaces Industry.
Sign up now