HIALEAH, FL-Indianapolis-based home appliances and consumer electronics retailer hhgreg has signed a deal for 23,423 square feet of retail space at the Westland Promenade Shopping Center. Financial terms of the 10-year deal were not disclosed.
Sterling Organization, a retail real estate investment, services and development company headquartered in Palm Beach, owns Westland Promenade. Jeff McElhinny, managing partner in the Charlotte, N.C. office of Atlantic Retail Properties, represented hhgregg. McElhinny declined to comment on the deal.
“This marks hhgreg’s entrance into the South Florida market,” Greg Moross, COO of Sterling, tells GlobeSt.com. “Hhgreg is inking deals in multiple locations in the South Florida, which signals the strength of the region’s retail market as a whole from a demographic standpoint.”
Westland Promenade is a 325,854-square-foot power shopping center at the interchange of the Palmetto Expressway and Okeechobee Road. Current national anchor tenants include Sports Authority, Big Lots, Chuck E. Cheese’s, and Floor & D
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
