Jay Ingram, CCIM on LinkedIn: #cre #credevelopment #shelbyvilleky #altonwebb #traditionalbank (2024)

North Town Center, SOLD for $24.65 Million.A grocery-anchored shopping center with 115,000 sf located at Stratford CT is one of the most desirable shopping centers in the area, given the positioning within the submarket.Totaling 115,000 s/f, North Town Center is 93% occupied by a mix of local and national retail tenants. The asset has been anchored by Big Y since 2008 when the grocery took occupancy and has historically performed well. As a testament to the asset’s viability, Town Line Liquors and Town Fair Tire have operated at this site for over a decade and XGolf recently executed a long-term lease.North Town Center fills a significant void in the retail market that is triangulated by three major highways – CT-15 (Merritt Pkwy.), CT-8 and I-95. This confluence of roadways allows the asset to draw from a trade area that stretches into the communities of Trumbull, Stratford, Shelton, Milford and Bridgeport. Evidence of this geographic draw, the immediate area includes a number of category leading retailers. https://lnkd.in/gKsUcXyH#soldproperty #property #investment #building #retailcenter #shoppingcenter #milliondollarbuilding #realestate #industrialrealestate #industrialrealestateupdates #investmentproperty

News this morning that Family Dollar and Dollar Tree will close about 1,000 stores over the next several years. Looking at the Dodge Construction Network historical starts database, the combined retail chain has spent close to $2.8 billion in construction since 2010 (about 1% of total retail construction). Clearly, the footprint of these stores, and their urban locations, will put upward pressure on retail vacancy rates. Retail construction is roughly 50% alteration work at this point and these closings are likely to push that slightly higher. https://lnkd.in/gt5-yj8G

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Interesting article on the proliferation of "zombie malls," the distressed real-estate investors looking to make a profit through a hold, divide and sell strategy and municipal officials who just with they would go away. As one Town Manager says “It [the Mall] was thriving for at least three decades. It’s just sad to see it become what it’s become. In a perfect world, a giant sinkhole would open up overnight when the property was vacant, so nobody was harmed, and swallow the entire mall.” #distressedproperty #realestate #retail #malls #restructuring #bankruptcy #chapter11

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Family Dollar/Dollar Tree will close about 1,000 stores over the next several years. Looking at theDodge historical starts database, the combined retail chain has spent close to $2.8 billion in construction since 2010 (about 1% of total retail construction)...these closings are likely to push vacancy rates slightly higher.

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Will Boston's office and retail real estate ever be the same post pandemic? Join Marcum, Tishman Speyer, Goulston & Storrs, and WS Development for an in-person panel as we discuss the #realestateindustry in Boston. #AskMarcum

Will Boston's office and retail real estate ever be the same post pandemic? Join Marcum, Tishman Speyer, Goulston & Storrs, and WS Development for an in-person panel as we discuss the #realestateindustry in Boston. #AskMarcum

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Entire City Block | 22,237 SF Retail Strip Center |Stockton, CA Adam Lucatello and I are pleased to present the 1700 Block, an iconic 22,237sf retail strip center, along Stockton’s premier commercial and entertainment district, the Miracle Mile.The irreplaceable location combined with the stable cash flow from long tenured tenants makes the 1700 Block an attractive investment option along with potential for a significant value add through leasing (of the last vacant space) and conversion of the lease type from modified gross to NNN, which has been completed on 50% of the tenants already.The offering also includes onsite, private, secured parking, a rarity along Stockton’s Miracle Mile. Priced at just over $100/sf!!! Contact Adam Lucatello or Andy Hodgson for more details. Mike Goldstein,Randy Dixon Working on a several interesting assignments at the moment.If you’re in the market for an investment property in the Central Valley, I’d love to connect with you. #colliers#acceleratingsuccess#centralvalleyrealestate#commercialrealestate#retail#stripcenter#stocktonca#investinginrealestate#investinrealestate#centralvalley#investing#centralvalleyinvestment

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Featured Lease Listing 🏢3315 Williams Boulevard SW, Unit 4, Cedar Rapids$9.95 / per sq. ft.Great retail location facing Williams Blvd. Traffic count exceeds 12,500 cars per day. UPS Store, Edward Jones, Happy Joes Pizza, Taco Bell, Dupaco Credit Union and SS Administration are neighbors. Landlord would participate with build-out. Unit 5 next door could be added to this space to create 3,012 SF. Tenants may set operating hours. Listing agents are partial owners. Up to 3 months free base rent offered for a five-year lease with qualified tenant. Plentiful off-street parking. 2023 CAM is $5.35/SF. Rate is first-year incentive. Second year would be $11.50; third year to be $12.50; fourth and fifth year to be $13.50/SF NNN. Zoning was C-3A in former zoning code. Listed by Doug Laird and Scott Olson#SkogmanCommercial #commercialrealestate #iowarealestate https://lnkd.in/gF35SHEE

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Forged Real Estate Weekly Property Spotlight:100% Leased Multi-Tenant Retail Strip Center with National Tenant Mix Located in Blaine, MN (Minneapolis MSA)✓ 100% OCCUPIED BY NATIONAL RETAIL TENANTS ON NNN LEASES – The Property is 100% occupied by Verizon (S&P:BBB+), FedEx Office (S&P: BBB), Chipotle Mexican Grill, GameStop, and Potbelly.✓ PRIME LOCATION – Highly Visible from the Signalized Intersection of Rt. 10 (20,400 VPD) and Jefferson St. and sits as an Outparcel to the Northtown Mall, which ranks in the Top 75% among Regional Malls in the U.S. in terms of foot traffic (Placer.ai.).✓ DENSELY POPULATED, AFFLUENT AREA – The 5 Mi surrounding area has a Population of 225,000+. There are 83,000+ HH with an Avg. HH Income of $106,000.$5,853,500 Price | 6.25% Cap Rate | $365,845 NOIMarc Mandel|Stephen Schrenk|Marco DiPrinzio|Adam Close|Greg ZimmermanClick Here to ViewForged Real Estate's Current Inventory:https://lnkd.in/gNh7M9PA#nnn #multitenant #retailproperty #investmentopportunities #investmentgrade #minneapolisrealestate #1031exchanges

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Will Boston's office and retail real estate ever be the same post pandemic? Join Marcum, Tishman Speyer, Goulston & Storrs, and WS Development for an in-person panel as we discuss the #realestateindustry in Boston. #AskMarcum