American Continental Properties, LLC appointed Levin Management Corp. as leasing and managing agent for Monroe Plaza, a 156,000-sq.-ft. grocery-anchored shopping center in Monroe, N.Y.
ING Clarion Partners LLC introduced a firm-wide sustainable growth initiative for new acquisitions, development projects and asset management of real estate investments. The program will encourage transactions involving properties with sustainable design components.
Jones Lang LaSalle has been appointed as the exclusive leasing and managing agent for Macon Mall, a 1.4-million-sq.-ft. regional shopping center in Macon, Ga. John Fee and Brian Olivi will handle this assignment on behalf of Jones Lang LaSalle.
Jones Lang LaSalle has been appointed as the exclusive leasing and managing agent for West Oaks Mall, a 1.1-million-square-foot regional mall in Houston. Brenda Ford and Tony Daniel will handle this assignment on behalf of Jones Lang LaSalle.
Trademark Property purchased the Padre Staples Mall, a 1.0-million-sq.-ft. superregional mall in Corpus Christi, Texas. The company plans to launch a $50 million renovation of the property to be completed in the fall of 2009.
Holliday Fenoglio Fowler, L.P. negotiated the sale of Roosevelt Raceway Center, a 427,000-sq.-ft. power shopping center in Westbury, N.Y., from ING Clarion Partners, LLC to the Mattone Group and Gartenstein Properties for $103 million. Glenn Whitmore and Robert Delitsky, of Holliday Fenoglio, represented the buyers in the transaction. Holliday Fenoglio also arranged the $71 million acquisition loan for the sale.
Jones Lang LaSalle has been appointed as the exclusive leasing and managing agent for Burlington Square Mall, a 415,000-sq.-ft. regional mall in Burlington, N.C. John Fee and Roma Williams will handle this assignment on behalf of Jones Lang LaSalle.
GFI Capital Resources Group launched GFI Retail Group, a real estate entity that will acquire and broker transactions involving retail properties. GFI Retail Group will focus on exclusive portfolios and act as a broker for a select group of real estate owners, as well as serving as an exclusive tenant representative for retailers. Lon Rubackin will lead the new venture.
Catherine Timko launched Community Retail Catalysts, a company that will work with communities across North America to create and implement-driven retail attraction strategies. Timko will serve as CEO and David M. Nellis as president of Community Retail Catalysts.
Gemini Real Estate Advisors, LLC acquired Johnstown Galleria, a 354,625-sq.-ft. regional mall in Johnston, Pa.
L&B Realty Advisors, LLP and Barship & Oles Co. acquired Brodie Oaks Shopping Center, a 244,242-sq.-ft. mixed-use complex in Austin, Texas, from Weingarten Realty Investors. Jim Batjer, Barry Brown, Doug Hazelbaker and Judy Boyd, of Holliday Fenoglio, represented the seller in the transaction.
Marcus & Millichap Real Estate Investment Services negotiated the sale of Olathe Pointe, a 289,455-sq.-ft. shopping center in Olathe, Kan., from Maefield Development Corp. to Arciterra for $30 million. John Riser, of Marcus & Millichap, represented both parties in the transaction.
Cohen Financial secured a $27 million refinancing for the Northgate North Shopping Center, a 306,000-sq.-ft. retail center in Seattle. The loan featured a four-year term. Joel Simmons negotiated this transaction.
Equibase Capital Group, LLC provided a $7 million mezzanine loan for the development of the Gateway at Scarborough, a large mixed-use development in Scarborough, Maine.
DZD Holdings appointed Macken Realty as the exclusive leasing agent for Palmetto Gardens Plaza, a 107,000-sq.-ft. shopping center in Miami Gardens, Fla. Lillian Macken and Jodi Macken will handle this assignment on behalf of Macken Realty.
DBSI Acquisitions acquired Pinehurst Square, a 183,430-sq.-ft. power shopping center in Bismarck, N.D.
Stan Johnson Co. negotiated the sale of a nine-property commercial portfolio from Amprop Developer Corp. to an institutional investment group for $17 million. All of the properties range between 6,300 sq. ft. and 10,500 sq. ft. and feature Flowers Bakery as the tenant. They are located throughout Florida and Georgia. Greg Bond, of Stan Johnson Co., represented the seller in the transaction. David Clary represented the buyer.
CB Richard Ellis Debt & Equity Finance arranged a $17 million permanent mortgage for the Heritage Square Shopping Center, an 80,509-sq.-ft. community shopping center in South Brunswick/Monmouth Junction, N.J. James Gunning and Donna Falzarano negotiated this transaction.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for Crown Plaza, a 76,181-sq.-ft. shopping center in Maplewood, Minn. Bruce J. Harris and Alan E. Slindee will handle this assignment on behalf of Marcus & Millichap.
Marcus & Millichap Real Estate Investment Services negotiated the sale of Eleven 20 Club, a 63,256-sq.-ft. retail center in Oak Park, Ill., for $16 million. Evan Halkias and Michael Marks, of Marcus & Millichap, represented both parties in the transaction.
DBSI Acquisitions acquired Topsham Fair Mall, a 45,469-sq.-ft. retail center in Topsham, Maine.
Cofinance, Inc. purchased 556 Route 17 North, a 21,899-sq.-ft. retail property in Paramus, N.J., for $12 million.
DBSI Acquisitions acquired Florissant Marketplace, a 146,257-sq.-ft. retail property in Florissant, Mo.
NAI Hunneman negotiated the sale of 121 Main St., a 14,828-sq.-ft. Walgreens in Foxborough, Mass., from Arista Foxborough LLC to Fineberg Cos. for approximately $7 million. Robert Tito and John Aron, of NAI Hunneman, represented the seller in the transaction.
Sperry Van Ness negotiated the sale of Beachway Shopping Center, a 57,000-sq.-ft. retail property in Pompano Beach, Fla., to RMS Properties for $6 million. R. Lee Brushingham, of Sperry Van Ness, represented the seller in the transaction. Keith Kidwell represented the buyer.
NorthMarq Capital, Inc. arranged a $6 million first mortgage for Northwest Plaza, a 75,294-sq.-ft. retail property in Rochester, Minn. The loan featured a 10-year term and a 25-year amortization schedule. Brian Henne negotiated this transaction.
NorthMarq Capital, Inc. arranged a $5 million first mortgage for Teton Spectrum, a 33,801-sq.-ft.retail center in Ammon, Idaho. The loan featured a 7-year term and a 30-year amortization schedule. Marco Louis negotiated this transaction.
NorthMarq Capital, Inc. arranged a $4 million first mortgage for two Circuit City stores totaling 49,925 sq. ft. in Lubbock and Tyler, Texas. The loan featured a 10-year term and a 25-year amortization schedule. David Blum negotiated this transaction.
NorthMarq Capital, Inc. arranged a $3 million first mortgage for Turnberry Crossing, a 53,775-sq.-ft. retail property in Newport, Va. The loan featured a 20-year term and a 25-year amortization schedule. Matthew Kohlhoss and Gary McGlynn negotiated this transaction.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for the Shoppes at Vista Way, two retail properties in Garfield Heights, Ohio. Patrick Weibel and Robert Bender will handle this assignment on behalf of Marcus & Millichap.