Shoppes at Park Place

Socotra and Partners to Host Premier Insurance Networking Event

Retrieved on: 
Thursday, October 26, 2023
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Leading insurance core technology provider Socotra announced today that eight members of the organization’s Partner Network have collaborated to present a unique, dynamic networking event as part of this year’s InsureTech Connect conference in Las Vegas, Nevada.

Key Points: 
  • Leading insurance core technology provider Socotra announced today that eight members of the organization’s Partner Network have collaborated to present a unique, dynamic networking event as part of this year’s InsureTech Connect conference in Las Vegas, Nevada.
  • “GhostDraft and Socotra share a focus in helping insurers drive speed to market, increased efficiency, and better customer and employee experiences,” said Rebecca Angell, VP of Strategic Alliances at GhostDraft.
  • “For four years, it’s been an honor and pleasure to help insurance clients enter the market and modernize together with Socotra,” said Yaroslav Buga, Vice-President of DataArt.
  • “We are excited to collaborate on this venture with like-minded cutting-edge partners like Socotra.

Prudent Growth Expands to Florida with Purchase of Wells Landing in Orange Park

Retrieved on: 
Tuesday, October 17, 2023
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CHAPEL HILL, N.C., Oct. 17, 2023 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a private equity real estate firm with locations in Chapel Hill and Charlotte, NC, has completed its $3.2 million purchase of the Shoppes at Wells Landing, a 25,569 square-foot multi-tenant shopping center located in Orange Park, FL. This represents PGP's first property acquisition in Florida.

Key Points: 
  • PGP has completed its $3.2 million acquisition of the Shoppes at Wells Landing in Orange Park, FL.
  • "We're excited about the Shoppes at Wells Landing and our first purchase in Florida.
  • Built in 1985, Shoppes at Wells Landing is in a hub of traffic just 20 minutes south of Downtown Jacksonville.
  • "We're excited about the Shoppes at Wells Landing and our first purchase in Florida.

ShopOne and its JV Partners Enter Massachusetts with Acquisition of Stop & Shop-Anchored Shopping Center Heritage Park Plaza in East Longmeadow

Retrieved on: 
Thursday, May 25, 2023
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(“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, together with its joint venture (“JV”) partners, Pantheon and a leading global institutional investor, today announced their entry into Massachusetts with the acquisition of Heritage Park Plaza.

Key Points: 
  • (“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, together with its joint venture (“JV”) partners, Pantheon and a leading global institutional investor, today announced their entry into Massachusetts with the acquisition of Heritage Park Plaza.
  • The 117,337 square foot Stop & Shop anchored shopping center is located in East Longmeadow, a suburb of Springfield.
  • Heritage Park Plaza, which is 98 percent occupied, is strategically located along Route 83, a heavily-traveled local thoroughfare, and is serviced by three major highways – Interstates 90 (Massachusetts Turnpike), 91 and 291.
  • The JV has more than $1 billion of total investment capacity and features a $225 million senior credit facility.

Conn's HomePlus Expands Within Florida to Pinellas Park

Retrieved on: 
Tuesday, July 26, 2022
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HOUSTON, July 26, 2022 /PRNewswire/ -- Conn's HomePlus (NASDAQ: CONN) continues to expand its presence in Florida with the opening of a new location in Pinellas Park. Located at The Shoppes at Park Place on 7300 US Hwy 19 North, Pinellas Park, Florida, the new 40,000 square foot location will open its doors on Friday, July 29, 2022.

Key Points: 
  • Located at The Shoppes at Park Place on 7300 US Hwy 19 North, Pinellas Park, Florida, the new 40,000 square foot location will open its doors on Friday, July 29, 2022.
  • Joining 13 Conn's HomePlus stores throughout Florida, the Pinellas Park location brings the retailer's total number of stores to over 160 locations across 15 states.
  • "We're excited to grow the Conn's HomePlus presence in Florida and introduce our wide selection of home products to customers in the Pinellas Park community who are looking to turn their home life to home love," said Chandra Holt, President and CEO of Conn's HomePlus.
  • "We are thrilled to bring the Pinellas Park community our wide selection of national brand products, our next-day delivery service and a selection of personalized payment options."

CBL Properties Completes Full Redemption of 10% Senior Secured Notes Utilizing Proceeds From a New $360 Million Non-Recourse Secured Financing

Retrieved on: 
Tuesday, June 7, 2022
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CBL Properties (NYSE: CBL) today announced that its wholly owned subsidiary, CBL & Associates Holdco II, LLC, had completed the redemption of all $335.0 million outstanding 10% Senior Secured Notes due 2029 (the 10% Notes).

Key Points: 
  • CBL Properties (NYSE: CBL) today announced that its wholly owned subsidiary, CBL & Associates Holdco II, LLC, had completed the redemption of all $335.0 million outstanding 10% Senior Secured Notes due 2029 (the 10% Notes).
  • The redemption was funded utilizing proceeds from a new $360.0 million non-recourse loan secured by a pool of high-quality outparcels and open-air centers.
  • The full redemption of the 10% Notes just seven months following emergence is a major achievement, said Stephen Lebovitz, chief executive officer, CBL Properties.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

CBL Properties Completes Partial Redemption of 10% Senior Secured Notes Utilizing Proceeds From New $65 Million Secured Non-Recourse Financing

Retrieved on: 
Thursday, May 26, 2022
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CBL Properties (NYSE: CBL) today announced that it has completed a partial redemption of outstanding 10% Senior Secured Notes.

Key Points: 
  • CBL Properties (NYSE: CBL) today announced that it has completed a partial redemption of outstanding 10% Senior Secured Notes.
  • The Notes were redeemed utilizing CBLs share of net proceeds from the previously announced new $65.0 million non-recourse loan.
  • We are thrilled to close this new 10-year fixed-rate loan and complete the partial notes redemption, said Stephen Lebovitz, chief executive officer, CBL Properties.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

CBL Properties Closes New $40.0 Million Loan Secured by The Shoppes at Eagle Point

Retrieved on: 
Thursday, April 28, 2022
Commercial Building & Real Estate, Construction & Property, Department Stores, Finance, Other Retail, REIT, Professional Services, Restaurant, Bar, Retail, Financial condition report, U.S. Securities and Exchange Commission, NYSE, Result, Shoppes at Park Place, Eagle Point, CBL Properties, CBL, Security (finance), Publix, Analysis, Conversation, Real estate

CBL Properties (NYSE: CBL) today announced that, along with its 50% joint venture partners, it has closed on a new $40.0 million, ten-year, non-recourse loan secured by The Shoppes at Eagle Point, a Publix-anchored shopping center in Cookeville, TN.

Key Points: 
  • CBL Properties (NYSE: CBL) today announced that, along with its 50% joint venture partners, it has closed on a new $40.0 million, ten-year, non-recourse loan secured by The Shoppes at Eagle Point, a Publix-anchored shopping center in Cookeville, TN.
  • Proceeds from the new loan were utilized to retire the existing $33.9 million partial recourse loan, which was set to mature in October.
  • We are pleased to complete this new financing, said Stephen Lebovitz, chief executive officer, CBL Properties.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

CBL Properties Announces New $65 Million Secured Financing and Anticipated Partial Redemption of 10% Senior Secured Notes

Retrieved on: 
Tuesday, April 26, 2022
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CBL Properties (NYSE: CBL) today announced that it has entered into a term sheet for a new $65.0 million non-recourse loan.

Key Points: 
  • CBL Properties (NYSE: CBL) today announced that it has entered into a term sheet for a new $65.0 million non-recourse loan.
  • CBL also announced a partial redemption of outstanding 10% Senior Secured Notes utilizing its share of net proceeds from the new financing and available cash.
  • The Redemption is conditioned upon the receipt by the Issuer of net cash proceeds from the new financing.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

BROAD STREET REALTY, INC. Update from Michael Z. Jacoby, Chairman of the Board and Chief Executive Officer

Retrieved on: 
Thursday, February 24, 2022
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We are a modest-sized company, so it does not take a lot for us to grow, and grow we did in 2021.

Key Points: 
  • We are a modest-sized company, so it does not take a lot for us to grow, and grow we did in 2021.
  • We believe Broad Street is poised for significant growth in 2022 thanks to our Acquisitions team, led by a very capable Aras Holden.
  • We must continue to work on this important contributing factor to our award-winning Broad Street Culture to ensure we get it right!
  • Broad Street is also a market-leading commercial real estate services firm that delivers cost-effective solutions for office, industrial and retail clients.