Shopping Center Business

MAY 2018

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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18 • SHOPPING CENTER BUSINESS • May 2018 NEWSLINE HANLEY INVESTMENT ARRANGES SALES OF SIX RETAIL PADS FOR $29.5 MILLION Hanley Investment Group Real Estate Advisors has arranged the sales of six retail pads at Perris Marketplace in separate transactions. The combined sales price for the six pads was approximately $29.5 million. The plaza is located in the Los Angeles suburb of Perris, California. The fully occupied properties total 39,000 square feet and consist of three multi- tenant pad buildings and three single- tenant fast-food pad restaurants. Walmart Supercenter anchors the 225,000-square- foot shopping center. Additional tenants include America's Best Contacts and Eyeglasses, Chipotle Mexican Grill, Dickey's BBQ, Great Clips, Jamba Juice, Jimmy John's Gourmet Sandwiches, Pacific Dental, Panda Express, Pieology, Popeye's, Sally Beauty, Starbucks Coffee, T-Mobile, Verizon Wireless, Waba Grill, Wendy's and Yogurtland. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Evergreen and Trachman Indevco, in the deal. The names of the buyers were not disclosed. M&J WILKOW, METLIFE BUY 1.7 MILLION- SQUARE-FOOT SHOPPING CENTER M&J Wilkow Ltd., along with MetLife Investment Management, has acquired The Southlands, a retail center located in southeast Aurora, Colorado. Developed in 2005, the 1.7 million-square-foot complex features retail and office space. Tenants include AMC Theatres, Dick's Sporting Goods, H&M, Bed Bath & Beyond, Barnes and Noble, Ross Dress for Less, Ulta Beauty and Best Buy. Additionally, the center consists of a traditional power center component, an open-air lifestyle component (known as the Town Center) with fashion, food and entertainment and office space totaling more than 917,000 square feet. Southlands is the third retail center co- owned by M&J Wilkow and MetLife. The name of the seller and acquisition price were not released. PUBLIX SUPER MARKETS BUYS SHOPPING CENTER PORTFOLIO FROM MADISON, DDR Lakeland, Florida-based Publix Super Markets has purchased a portfolio of nine Publix-anchored shopping centers from Madison International Realty and DDRM Properties, an affiliate of DDR Corp. The portfolio totals 732,000 square feet, with eight shopping centers located throughout Florida and one located in McDonough, Georgia. In 2017, Madison and DDR recapitalized a 52-property portfolio of grocery-anchored shopping centers that DDR Corp. previously owned with other partners for $1.05 billion. The fully occupied pad properties that were recently sold at Perris Marketplace in Perris, California, total 39,000 square feet and consist of three multi-tenant buildings and three single-tenant fast-food restaurants.

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