Sep 2016 BIG USA, RED Development add Kansas City-Area Summit Fair Property to Successful Joint Venture
PHOENIX, AZ (September 2016) – BIG Shopping Centers USA and RED Development today announced the addition of the 516,268 square-foot Summit Fair property in suburban Kansas City, Mo., to their successful joint venture, BIG RED Portfolio, LLC.
Summit Fair is an open-air lifestyle center anchored by Macy’s and JCPenney, with key national retailers including Victoria’s Secret, Chico’s, Francesca’s and LOFT among a wide range of popular specialty stores, restaurants and high-profile pop-ups, such as Google Fiber. The BIG RED partnership, first announced just over a year ago, seeks to maximize market presence and performance of select U.S. retail properties in the Midwest and West
Jan 2016 One Pacific Place Sold
One Pacific Place has a new owner. Phoenix-based Red Development and BIG Shopping Centers USA partnered to purchase the 91,143 square-foot property and closed on the deal Sept. 25. It was formerly owned by Cole Real Estate Investments in Scottsdale, Arizona, which purchased the shopping center near 103rd and Pacific Streets in 2007.
Apr 2015 BIG USA & Red Development Form Partnership to Own, Manage, Acquire U.S. Retail Properties in Midwest and West
PHOENIX, AZ (April 2015) BIG Shopping Centers USA and RED Development today announced a joint venture partnership to maximize market presence and performance of select retail properties in the Midwest and West. The partnership particularly seeks to acquire established, first-tier community, lifestyle and power centers with strong tenant line-ups and sales figures that are well positioned in markets throughout the United States.
Sep 2014 Hitting It BIG
SHOPPING CENTER BUSINESS (September 2014) Israel’s BIG Shopping Centers has launched an investment program to acquire shares of U.S. centers with strong operating partners. BIG Shopping Centers USA is a small company with big experience as a developer, retailer and broker, and the capital ready to acquire retail properties throughout the country. A subsidiary of BIG Shopping Centers, one of Israel’s leading open-air retail development companies, the firm is investing in U.S. shopping centers in a big way.
