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.
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.
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. In particular, the partnership 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.
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.
KANSAS CITY, MO (June 2014) Deal marks BIG’s entry into Missouri, expansion in the Midwest. BIG Shopping Centers USA (BIG USA) and Copaken Brooks completed the acquisition of Creekwood Commons, a 206,000-square foot shopping center centrally located to Kansas City’s rapidly expanding Northland trade area.
ATLANTA, GA (April 2014) Two deals totaling $25.75 million mark BIG’s entry into Atlanta, the Southeast. BIG Shopping Centers USA (BIG USA), along with Columbia Properties Inc., announced a joint venture agreement and investment in two metro-Atlanta, Publix-anchored neighborhood centers in Conyers and Sandy Springs. With both centers positioned as a dominant amenity base, the two-property transaction totaled $25.75 million for nearly 150,000 square feet of prime retail space.
New York, NY (September 2013) BIG Shopping Centers USA (BIG USA) is pleased to introduce Dan Eisenberg as Vice President-East as of September 1, 2013. Dan joined BIG USA after working as a Senior Portfolio Manager at Kimco Realty Corporation where he spent seven years in the Investment Management business.
PITTSBURGH BUSINESS TIMES (July 2013) The owners of the Waterfront announced three newcomers to the region’s largest shopping center. The region’s first Crunch Gym, a new location for Burgatory and Charming Charlie also are inked and shooting to open at the Waterfront in November, said Herky Pollock, executive vice president specializing in retail leasing for CBRE who represents the Waterfront.
YNETNEWS August 2011) Company’s income from shopping mall management and leasing activity in first half of 2011 totals NIS 88 million – 81% rise compared to same period last year – Anat Tsipkin, Calcalist. In 2010, the BIG Shopping Centers Group acquired 24 malls in the United States. Financial reports show that the acquisition spree paid off – the US activity yielded the company NIS 71.8 million (about $20 million) in the first half of 2011, compared with only NIS 2.2 million ($610,000) in the first half of the previous year.
Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) has acquired 20% of BIG USA Inc. for $30 million dollars from BIG Shopping Centers (2004) Ltd. (TASE: BIG). This investment reflects a market cap of $120 million before money.