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
Some of the past week's more notable retail property transactions:
• Zapolski Real Estate purchased the 130,000-square-foot, Whole Foods–anchored Asheville (N.C.) Market from Edens for $33 million. NorthMarq Capital arranged the financing for the buyer through Citigroup Global Markets. Berkeley Capital Advisors represented the seller.
• Kimco Realty sold the Talavi Towne Center, a 118,400-square-foot center in Glendale, Ariz., to Talavi Bell LLC for $21.9 million. Lee & Associates represented both parties. Walmart anchors the center, among whose other tenants are Dollar Tree, Michaels, Payless ShoeSource and Mor Furniture.
• Boca Raton, Fla.–based Pebb Enterprises sold the second phase of Marketplace at Four Corners, in Bainbridge Township, Ohio, for $15.8 million. The 116,400-square-foot shopping center was purchased by RE Ohio Family LLC, a Santa Ana, Calif., real estate investor. The center is fully leased, with Old Navy and Stein Mart among the tenants. Pebb bought the then-empty center in 2013 from a lender, rebuilt it and brought in tenants.
• Concord Capital New York paid a loan servicer just over $4 million for Playtogs Shopping Plaza, an 800,000-square-foot mixed-use development with 200,000 square feet of gross leasable area, on the border of Middletown and Wallkill, N.Y. The center is 40 percent leased to Carvel, Family Dollar, Mavis Discount Tire, Middletown Cinemas, Rent-A-Center, TD Bank and others.
By Brannon Boswell
Executive Editor, Commerce + Communities Today