Walton Street Capital has sold two regional retail centers in two separate transactions. Albanese Cormier was the buyer of both centers. The financial terms were not disclosed.
Town Square, a 138,571-square-foot, regional shopping center in Schererville, Ind., is positioned about 45 minutes from downtown Chicago, along Indianapolis Boulevard (Highway 41), which has a daily traffic count of more than 40,000 vehicles. Completed in 2001, the retail center is anchored by Bed Bath & Beyond and TJ Maxx and features top-tier national and regional tenants, including Old Navy and Shoe Carnival, among others.
Silver State Plaza Shopping Center, a 155,471-square-foot regional retail center in Sparks, Nev., is located at 410–790 N. McCarran Blvd. at the high-traffic intersection of McCarran Boulevard (29,300 cars per day) and Prater Way (17,700 cars per day). The 26.15-acre site also offers direct access to Interstate 80, expanding the center’s reach. The 96.7 percent-le
