Our Mission

Learn who we are and how we serve our community

Leadership

Meet our leaders, trustees and team

Foundation

Developing the next generation of talent

C+CT

Covering the latest news and trends in the marketplaces industry

Industry Insights

Check out wide-ranging resources that educate and inspire

Government Relations & Public Policy

Learn about the governmental initiatives we support

Events

Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

ICSC Networking Platform

Get recommended matches for new business partners

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

C+CT

Transactions: Who’s paying how much for what?

March 29, 2018

A roundup of the past week's more notable retail property deals:

• M&J Wilkow and a client of MetLife Investment Management acquired Southlands, a 1 million-square-foot retail and office property in southeast Aurora, Colo., for $142 million. Tenants include AMC Theatres, Bed Bath & Beyond, Dick’s Sporting Goods (under construction) and H&M. Southlands features a traditional power center component and an open-air lifestyle component called the Town Center, with offices just above the retailers.

• Various unidentified buyers acquired six retail pads at Perris (Calif.) Marketplace, a 225,000-square-foot Walmart Supercenter–anchored center, in transactions totaling some $29.5 million. The owners are Evergreen Development and Trachman Indevco, which were represented by Hanley Investment Group: Real Estate Advisors.

• GBT Realty paid Retail Properties of America $25.5 million for Governor's Marketplace, a 250,000-square-foot power center in Tallahassee, Fla. Among the tenants are Bed Bath & Beyond, David's Bridal, Marshalls, Michaels, Old Navy, Petco and ULTA.

• Publix Super Markets bought the 81,800-square-foot Duval Station Marketplace, in Jacksonville, Fla., from Duval Station Investment LLC for $15 million. Tenants there include Bono’s Pit Bar-B-Q, Edible Arrangements, Golden Ox Liquors, Fuji Sushi & Grill and The UPS Store.

• Uniland Development will pay $14.5 million to Mountain Development for a 50 percent stake in the 80-acre Eastern Hills Mall, Williamsville, N.Y. The companies aim to spend some $200 million to transform the property into a mixed-use center over the next three years. In a separate deal, Uniland paid $851,185 for the mall's former Macy's store, which Mountain had bought from Macy's for nearly $1.9 million in 2016.

• ATS Residential paid Madison Square Group nearly $5.2 million for Madison Square, a 38,700-square-foot retail plaza in Tampa, Fla., in a deal brokered by Tiktin Real Estate Investment Services. The fully occupied center is anchored by Family Dollar.

• Regency Centers sold the 81,000-square-foot Fort Caroline Trading Post shopping center, in Jacksonville, Fla., to IMC Equity Group for $3.5 million. The center, anchored by a Winn-Dixie supermarket, is fully leased.

• Clover Investment Properties purchased the 33,000-square-foot Palms Plaza, in Tampa, Fla., from a private investor for $1.8 million. Tenants there include BayCare Urgent Care, H&R Block, Heavenly Nails and Performance Computer Group.

By Brannon Boswell

Executive Editor, Commerce + Communities Today