The team is said to be in talks with “Silicon Valley groups” for the new project. CLICK ON THE HEADLINE FOR MORE
The firm has already closed on retail and multifamily spaces totaling almost $14 million within weeks of officially starting the new shop. CLICK ON THE HEADLINE FOR MORE
The loan will be used to pay off a $1.2 billion CMBS loan that Turnberry and Simon secured in 2013, and a $214 million loan that mall owners took out in 2016 to fund a 315,000-square-foot expansion. CLICK ON THE HEADLINE FOR MORE
The Horizon Properties team will continue to exclusively lease and manage the property. CLICK ON THE HEADLINE FOR MORE
The site is zoned T6-8 and will allow for 96,000 square feet of development. CLICK ON THE HEADLINE FOR MORE
The price equates to $890 per square foot of land area. CLICK ON THE HEADLINE FOR MORE
The developer is planning to break ground next year and open in 2023. CLICK ON THE HEADLINE FOR MORE
Allan Benes, Broker Associate at Horizon Properties, represented the sellers in the sales of the intersecting building/land combinations. CLICK ON THE HEADLINE FOR MORE
The Walmart Neighborhood Market has 17 years remaining on its lease with 16 five-year options, totaling 80 years. CLICK ON THE HEADLINE FOR MORE
“With comparative properties selling at an average of $3,000 per sq. ft., this is the one of the most lucrative investment locations in the current retail market.” CLICK ON THE HEADLINE FOR MORE
