Find in the news:
BY COUNTRY

Phillips-Edison Fund IV portfolio sold for $150m



Six months after CBRE Group Inc. was appointed to sell the almost 1.4 million square foot Phillips-Edison Fund IV portfolio, the nine retail properties have been sold to Newquest-Epic Investment LLC, with a reported REIT of $150m on this deal.

Phillips-Edison fund IV portfolio sold for $150m.jpgThe properties were sold as a combined package, with no purchase option for single properties.  It is the 159400ft² Village Center, based in Phoenix, Arizona’s Paradise Valley which attracted the most attention.  There is a very successful Target store which has a below-market ground lease.  The property has performed well since its development during 1986 and the vice president of CBRE, Jesse Goldsmith, is of the opinion that it will garner more success in the future.

Two Illinois assets are included in the Fund IV collection.  The first is at Glidden Crossing in De Kalb and the other is Prairie Point in Aurora.  There are two properties in Omaha, Nebraska – Plaza North and Deerfield Place.  A further two properties are Hermiston Plaza and Johnson Creek, based in Hermiston and Happy Valley in Oregon, respectively.  The final properties in the six-state package are Silver State in Sparks, Nevada and Marketplace in Independence, Missouri.

Six of the properties have grocery stores as anchors and three others, including Village Center, meet with the standards required for Class A.  This makes the package unique due to the lack of class A products which are currently available for sale.



More about shopping malls in the USA



TODAY, USA:
Mars Retail Group has announced upcoming discoveries at Disney Springs, Mall of America, and Berlin.
YESTERDAY, Slovenia:
The volume of investments in the construction of the shopping and entertainment center was about 150 million euros.
DAY BEFORE YESTERDAY, India:
H&M's collaboration with a famous Indian designer is an indicator of the company's interest in this rapidly growing market.
Jan 21, 2020, United Kingdom:
The fashion chain marks the growth of sales and intends to consolidate the results with the opening of 18 new outlets.
Jan 17, 2020, France:
The retail space was created in collaboration with Galeries Lafayette department store.
Jan 17, 2020, USA:
Gap has changed its mind about making Old Navy a separate company.
Friend
and Follow
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us