Finmarc Management And KPR Centers Acquire 760,000 SF Wegmans-Anchored Center In Philadelphia Area For $161.75M

By | latest news | No Comments

Finmarc Management, Inc., a commercial real estate investment and management firm headquartered in Bethesda, Maryland, together with KPR Centers, a real estate investment and operating firm based in New York City, have completed the acquisition of Providence Town Center, a 760,000 square foot retail center located northwest of Philadelphia in Collegeville, Pennsylvania. The purchase price was $161.75 million. Located at 100 Town Center, the asset was 92% leased at the time of the sale and features 11 anchor tenants led by Wegmans Food Markets, and approximately 70 tenants in total.

PCCP/KPR Venture Acquires Schaumburg Retail

By | latest news | No Comments

A joint venture between PCCP, LLC and KPR Centers has acquired Schaumburg Corners, a 100% leased 160,301-square-foot shopping center located at 16-66 E Golf Rd. in the northwestern Chicago suburb of Schaumburg, IL. The seller was Kensington Development Partners. Deal terms weren’t disclosed.

KPR Pays $47M for Cold Storage Industrial; Perishable Mgt Brokers 310,000-SF NH Deal

By | latest news | No Comments

Active across New England for almost a decade, Gotham-based KPR Centers is moving beyond the grocery anchored shopping plazas focused on while assembling a seven-million-sf platform extending from Maine to Florida, yet Managing Partner Daniel Katz tells Real Reporter its just completed deal spending $47 million on 310,000 sf of refrigerated industrial space here in southern New Hampshire does connect to the firm’s real estate roots. The off-market agreement arranged Read More

Shopping Centers Today profiles Daniel Katz as 4 Under 40

By | latest news | No Comments

Meet four rising stars who are making standout contributions to retail real estate

By Ben Johnson

The bar for being named an ICSC NextGen 4 Under 40 designee was higher than ever this year, because this annual award received the greatest number of nominations ever in its five-year history. “We are excited to continue the legacy of 4 Under 40 with very bright and talented men and women who are proven leaders from a variety of backgrounds, including leasing, asset management, brokerage and consulting,” said Jessica Goss, vice president of Americas real estate at J.P. Morgan & Co. and a member of the national ICSC NextGen Leadership Board, which oversees the subcommittee responsible for the 4 Under 40 program. Read More