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Marcus & Millichap Capital Corporation's new Senior Director Justin Shuart discusses "mountain of dry powder" available in the capital markets

Swansea Redevelopment Authority faces Walmart legal fight over mall


Melissa Santos
SWANSEA While the recent inter-municipal sewer agreement between Swansea and Somerset has the potential to revitalize Route 6, Swansea continues to work with developers to bring the area of the old Swansea Mall back to life.
Swansea Selectman Chris Carreiro said developers estimate that they will spend approximately $200 million between redevelopment of the actual mall as well as constructing market rate apartments that will be built on pad sites on the Swansea Mall property.
Carreiro approximated that there will be between 144-150 units constructed on the land with hopes that it will help “feed the businesses in the mall.” ....

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Institutional Property Advisors Closes 28-Property Fred Meyer Portfolio Sale


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Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), as exclusive advisor to Cincinnati-based The Kroger Co. and Portland-based Fred Meyer Stores Inc., announced today the successful sale to Florida-based Benderson Development and leaseback of a 4.5-million-square-foot, 28-property portfolio of absolute net-leased Fred Meyer superstores consisting of 380 acres across Washington, Oregon, Idaho, and Alaska.
“We want to congratulate and acknowledge the hardworking teams at Fred Meyer Stores Inc., The Kroger Co. and Benderson Development on the successful conclusion of this transaction that required long days and nights to complete on time,” said Tom J. Lagos, IPA executive director and transaction lead. “Benderson Development stood out on price and terms against a very competitive field of over 20 qualified bidders, and the company’s team worked diligently t ....

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