Midlothian Plaza Associates acquired Midlothian Center in Richmond, Va., from Allied Capital REIT for $7 million. The 146,300-square-foot center is less than 60% leased.
GAS Distomo acquired the Crossroads Entertainment Center in Chino Hills, Calif., from 26 Del Sur Crossroads I for $25.5 million. The 91,000-square-foot center is anchored by Harkins Theatres.
Investor 426 Royal LLC bought the South Brunswick Square shopping center in New Jersey from WP Realty for $45.4 million. The 261,000-square-foot center includes Home Depot and Stop & Shop.
Cadillac Fairview plans to invest $12 million to redevelop McAllister Place in Saint John, Canada. The company expects to complete the bulk of the work before the holidays this year.
Developers Richard Weintraub and Richard Sperber will open the Lumber Yard shopping center in Malibu, Calif., on Saturday. The 32,000-square-foot mall will be the first new shopping center in Malibu in two decades.
Kodiak Properties has acquired Coliseum Corner in Hampton, Va., from Ziff Properties for an undisclosed price. The 48,300-square-foot center is anchored by Goodwill.