DZD Holdings closed a $20 million construction loan for Palmetto Gardens Plaza, a 108,000-sq.-ft. shopping center in Miami Gardens, Fla.
Centrum Properties, Inc. and Angelo Gordon & Co. appointed Jones Lang LaSalle as managing and leasing agent for Crestwood Court, a 1.1-million-sq.-ft. regional mall near St. Louis, Mo. Tony Stephens and Tracey Citron will handle this assignment on behalf of Jones Lang LaSalle.
Levin Management Corp. has been appointed as the leasing and managing agent for Neptune Shopping Center, a 215,424-sq.-ft. retail property in Neptune, N.J.
Target Corp. purchased a 177,500-sq.-ft. pad site for a SuperTarget at Mountain Vista Marketplace in Mesa, Ariz. Ed Beeh, Dan Nesson and Chuck Gibson, of Staubach Retail, represented the seller in the transaction. The SuperTarget is scheduled to open in March 2009.
Sperry Van Ness has joined forced with Amarillo, Texas-based McCartt & Associates, Commercial Real Estate Services. The firms will now operate under the Sperry Van Ness/McCartt & Associates banner.
Marcus & Millichap Real Estate Investment Services negotiated the sale of Denton Square, a 125,225-sq.-ft. shopping center in Denton, Texas, from Commercial Property Services LLC to 717 Stemmons Partners L.P. Tim Speck, Alvin Mansour and Philip Sambazis, of Marcus & Millichap, represented both parties in the transaction.
RCG Ventures acquired East Side Plaza, an 85,196-sq.-ft. shopping center in Atlanta from Developers Diversified Realty.
Midwest Real Estate Equities, Inc. sold a 66,000-sq.-ft. retail condominium at the Landings of Lombard shopping center in Lombard, Ill., to Restaurant Depot. Horizon Realty Services, Inc. represented Midwest Real Estate in the transaction. Spartan Real Estate and Development represented Restaurant Depot.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for Keller Crossing, a 124,000-sq.-ft. shopping center in Keller, Texas. Alvin Mansour will handle this assignment on behalf of Marcus & Millichap.
TRF Pacific and Washington Capital purchased the Woodgate Center, a 46,943-square-foot retail center in Woodinville, Wash., for $14 million. Paul Sleeth, of Colliers International, represented both parties in the transaction.
Baum Realty Group negotiated the sale of Norwood Square, a 129,000-sq.-ft. shopping center in Park Forest, Ill., to Nassimi Realty Corp. Jason Berngard, of Baum Realty Group, and Chad M. Fisel, of NAI Hiffman, represented the seller in the transaction.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for the Shops at Dowlen, a 110,886-sq.-ft. shopping center in Beaumont, Texas. Lori Schneider will handle this assignment on behalf of Marcus & Millichap.
Gottesman Real Estate Partners acquired Old Mill Plaza, a 52,000-sq.-ft. retail/office center in Sea Girt, N.J. The firm appointed CB Richard Ellis as the managing agent for the property.
Faris Lee Investments negotiated the sale of 20,772 sq. ft. of retail space at Centre Pointe Marketplace in Santa Clarita, Calif. from Marketplace Properties, LLC to Kaylor Point, LLC for $15 million. The sale is part of a $45 million break-up and pre-sale strategy. Richard Walter and Patrick Kent, of Faris Lee Investments, represented the seller in the transaction. Dennis Vaccaro represented the buyer.
The Shopping Center Group negotiated the sale of Castleberry Southard Crossing, an 80,014-sq.-ft. grocery-anchored shopping center in Cumming, Ga., for $16 million. Neal Pringle, of the Shopping Center Group, represented the seller in the transaction.
Edgemark Commercial Real Estate Services, LLC negotiated the sale of Spring Hill Retail Center, an 11,095-sq.-ft. retail property in Carpentersville, Ill., to Triple C Properties LLC. Jeffrey J. Kowal, of Edgemark Commercial, represented the buyer in the transaction. Matt DeDobbelaere, of May Center Advisors, represented the seller.
Charles Dunn Co. negotiated the fee simple purchase of a 5,402-sq.-ft. Chili's restaurant in Beavercreek, Ohio for approximately $3 million. Susan Harris, of Charles Dunn, negotiated this transaction on behalf of the buyer. The seller represented itself.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for the Village at Eldorado, a 51,785-sq.-ft. shopping center in Little Elm, Texas. Jason Vitorino and Thomas Tucker will handle this assignment on behalf of Marcus & Millichap.
Eastern Consolidated, Inc. negotiated the sale of Unilake Shopping Plaza, a 14,780-sq.-ft. shopping center in Queens, N.Y., from Bremen House, Inc. to Vickers Realty for $4.7 million. Alan P. Miller and Benjamin A. Tapper, of Eastern Consolidated, represented the seller in the transaction. Robert F. Ortiz represented the buyer.
Savannah Meridian Acquisition Group, LLC appointed Jones Lang LaSalle as the leasing agent for the retail space at the Exchange at Savannah Park in Seminole County, Fla. The retail space contains 43,211 sq. ft. Mike Longmore, Chris Rehmet, Sig Arnesen, Brigette Johnson and Cindy Stasie will handle this assignment on behalf of Jones Lang LaSalle.
Sperry Van Ness negotiated the sale of the Corner Shopping Center, a 26,044-sq.-ft. retail center in Scottsdale, Ariz., from the Corner Shopping Center, LLC to Ethan Christopher, LLC for $4.35 million. Ari Spiro and Jeff Chalfin, of Sperry Van Ness, represented the buyer in the transaction. George Coxon, of CB Richard Ellis, represented the seller.
Charles Dunn Co. negotiated the sale of Hidden Valley Village, a 32,296-sq.-ft. shopping center in Norco, Calif., from Sena Properties, LLC to Sero Properties, LP for $8 million. Tanel Harunzade, Brian Jensen and Kevin Byer, of Charles Dunn, represented both parties in the transaction.
Eastern Consolidated has been appointed as the marketing agent for the long-term leasehold interest in 4,350 sq. ft. of retail space on Broome Street in New York City. Anna Ronquillo will handle this assignment on behalf of Eastern Consolidated.
Edgemark Commercial Real Estate Services, LLC negotiated the sale of a 2.94-acre land parcel in Spring Grove, Ill. to Icon Real Estate. The company plans to build the Shops at Spring Cove, an 18,498-sq.-ft. retail center on the site. Tyson Fraser, of Edgemark Commercial, represented the buyer in the transaction. Bob Zacharias, of Maxim Realty & Development, represented the seller.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for Riceland Pavilion I, a 75,660-sq.-ft. shopping center in Baytown, Texas. Jerry Goldstein will handle this assignment on behalf of Marcus & Millichap.
Transwestern Investment Co. and Southside Investment Partners, LLC acquired a 24,000-sq.-ft. Bed Bath & Beyond building in Vienna, Va. Southside Investment Partners will manage the property.
Holliday Fenoglio Fowler L.P. arranged a $74 million loan for Trolley Square, a lifestyle center in Salt Lake City. Lloyd Minten negotiated the transaction.
Holliday Fenoglio Fowler, L.P. arranged a $5.65 million refinancing for an 11,349-sq.-ft. retail/office building in Washington, D.C. The loan featured a five-year term. Kevin Smith negotiated this transaction.
Henry S. Miller Co. sold the 55,359-sq.-ft. Tom Thumb location at the Towne North Shopping Center in Irving, Texas, to EIGFW Irving, LLC. Greg Miller, of Henry S. Miller, served as the in-house broker in the transaction.
KeyPoint Partners, LLC has been appointed as the property management agent for the Shoppes at Long Pond, an 18,000-sq.-ft. retail center in Plymouth, Mass.
The J Street Cos., a Washington, D.C.-based commercial and residential real estate firm through affiliates Randall Hagner and J Street Development, signed a merger agreement in principle with the Woodmark Cos. Woodmark specializes in commercial property management, leasing and investment sales. Woodmark currently manages a 4.3-million-sq.-ft. portfolio.
Regency Centers Corp. sold 11.75 acres of land at Suncoast Crossing Center in Brooksville, Fla. to Target Corp. Target will build a 142,129-sq.-ft. store on the site.
Glimcher Realty Trust completed a $42.25 million mortgage loan financing on Colonial Park Mall located in Harrisburg, Pa. The new loan has a three-year maturity and a floating interest rate of LIBOR plus 1.65% per annum with no principal amortization. The loan was originated by U.S. Bank National Association.
Urstadt Biddle Properties Inc., acquired a 60% interest in a newly formed limited partnership that purchased the 100,491-sq.-ft. Ferry Plaza Shopping Center in Newark, N.J. The center is valued at $26.0 million and has a $11.9 million first mortgage.