In case you missed the Omaha World Herald article from 10/20 is an excellent recap of the commercial real estate market.
Notable deals:
The two biggest transactions involved the Deerfield Place and Plaza North shopping centers. Both changed hands in August, purchased by NewQuest Epic Investments of Houston from Phillips Edison & Co. of Cincinnati as part of a nine-property portfolio that brought $150 million, Commercial Property Executive reported.
The 130,000-square-foot Deerfield Place, at 136th and Q Streets in Millard, traded for more than $12 million, according to Colliers. It was formerly home to Baker’s and Walgreens; today it is anchored by the Mega Market flea market, and includes a Dollar Tree that opened in September. Freddy’s Frozen Custard, not part of the center, opened next door this week.
Lerner is marketing a new pad site at the center.
Plaza North, a 200,000- square-foot center anchored by Baker’s at 90th and Fort Streets, sold for more than $18 million, Colliers said. A Lerner listing says nine spaces are available, a total of 140,000 square feet, in what it calls a “redevelopment opportunity.” The biggest available space is 103,000 square feet that has been used as a ConAgra Foods financial services center.
The largest lease deal of the quarter was the new Michaels that is now open at Shadow Lake Towne Center in Papillion, formerly a Borders store. Kim Jones, regional marketing director at Red Development, said she expects more new tenants at Shadow Lake in spring 2015.
“We do have a lot of leasing discussions going on,” she said.
Contact the writer: 402-444-1224, cindy.gonzalez@owh.com