Abby Cox

4 days ago | shoppingcenterbusiness.com | Abby Cox

4 Raleigh, N.C. — The Macerich Co. has acquired Crabtree Valley Mall, a Class A retail property totaling approximately 1.3 million square feet in Raleigh, for $290 million. The seller was CVM Holdings LLC, according to local news outlet WRAL. The largest mall in North Carolina’s Research Triangle area, Crabtree opened in 1972 and is home to more than 200 stores and restaurants. Anchor tenants at the property include Belk and Macy’s.

4 days ago | shoppingcenterbusiness.com | Abby Cox

3 New Orleans — The Feil Organization will open a new Trader Joe’s at 2501 Tulane Avenue in New Orleans, marking the grocer’s first introduction to the city. Located across from the New Orleans VA Medical Center, the site will house a 13,368-square-foot store, 100 parking spaces and pedestrian-friendly access points. In addition to Trader Joe’s, the development will include a 3,000-square-foot dental clinic, according to The Bayou Insider.

4 days ago | shoppingcenterbusiness.com | Abby Cox

3 Spring Lake, N.C. and Jackson, Miss. — Marcus & Millichap has arranged the $6.8 million sale of two retail properties totaling 53,000 square feet in Spring Lake, North Carolina, and Jackson, Mississippi. Built in 2004, Spring Lake Town Center totals 29,841 square feet and was 85 percent leased at the time of sale.

4 days ago | shoppingcenterbusiness.com | Abby Cox

2 Aurora, Colo. — JLL Capital Markets has arranged the $16 million sale of Aurora Plaza, a 115,461-square-foot shopping center located in Aurora, roughly nine miles east of Denver. Anchored by King Soopers, Cinema Latino and Gen X Clothing, the property was 80 percent leased to 27 tenants including medical offices, service providers, restaurants and retail shops at the time of sale. Built in 1982 and renovated in 2001, Aurora Plaza spans 10.6 acres.

4 days ago | shoppingcenterbusiness.com | Abby Cox

5 Alice, Texas — Hanley Investment Group has arranged the sale-leaseback of a single-tenant retail property located in Alice. Dairy Queen occupies the 2,608-square-foot building on a 20-year absolute triple-net-lease basis which includes 2 percent rent increases every five years. Originally built in 1983 and renovated in 2015, Dairy Queen has operated at this location for more than 30 years.