On behalf of a joint venture between a global investment management firm and Bayer Properties, JLL’s Capital Markets experts today announced the firm has completed the sale of Inverness Corners and Inverness Plaza, two open-air shopping centers in Birmingham, Alabama. Branch Properties purchased Inverness Corners, a 236,444-square-foot center shopping center anchored by Winn-Dixie and Kohl’s, and Inverness Plaza, a 74,818-square-foot… Read More
CityCenter Holdings, LLC (“CityCenter”), a venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp., today announced that it has entered into a definitive agreement with a venture led by Invesco Real Estate (NYSE: IVZ) and Simon Property Group (NYSE: SPG) to acquire The Shops at Crystals for a purchase price of approximately $1.1 billion.
Located… Read More
On behalf of Kimco Realty, JLL’s Capital Markets experts today announced the firm has closed the sale of Hammond Aire Plaza, a nearly 350,000 square foot community shopping center located in Baton Rouge, Louisiana. A joint venture partnership between DRA Advisors and Viking Partners purchased the asset.
Managing Director Margaret Caldwell, Vice President Diane Roberts and Associate Eric Spencer led the JLL… Read More
On behalf of CBL & Associates Properties, Inc., JLL’s Capital Markets experts today announced the sale of Eastgate Crossing Shopping Center. A joint venture of Inland Real Estate Corporation purchased the center. The nearly 175,000-square-foot property is 100 percent occupied by anchors Kroger, Marshalls, Ashley Furniture and Jo-Ann Fabrics.
“Grocery-anchored shopping centers… Read More
On behalf of Gregory Greenfield & Associates, Ltd., JLL’s today announced the firm is marketing for sale three regional malls. The Central Malls are located in the United States’ southern region, and are being offered on an individual basis or as a portfolio. The portfolio is currently 98.3 percent occupied.
“The Central Malls have been a part of the GG&A portfolio for nearly ten years, and have become the dominant shopping and… Read More