Author

Abby Cox

Riggs-Marketplace-Chandler-AZ
ArizonaFinanceGrocery-anchoredInvestment salesNews

A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7 Million

by Abby Cox

Chandler, Cave Creek, Gilbert, Mesa and Tucson, Ariz. — A&C Properties Inc. has completed the sale of a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million. Totaling 422,949 square feet, the seven-property portfolio is currently 96 percent occupied with Fry’s Food & Drug as anchor tenant. The portfolio includes Gilbert Fiesta Marketplace, Shops at Gilbert Fiesta and Township Plaza in Gilbert; Riggs Marketplace in Chandler; Lindsay Marketplace in Mesa; Tatum Plaza in Cave Creek and Randolph Plaza in Tucson. Patrick Dempsey, Tess Berghoff and Ross Jorgensen …

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Village Shopping Center
Investment salesIowaNewsOhio

United Properties Acquires Two Retail Centers in Iowa, Ohio for $34.4 Million

by Abby Cox

Davenport, Iowa and Mansfield, Ohio — East Meadow, New York-based United Properties Corp. has acquired two retail centers in Iowa and Ohio for a total price of $34.4 million. The company now owns more than 10 million square feet of retail. Village Shopping Center in Davenport totals 233,100 square feet. The sales price was $23.9 million. Anchored by Ross Dress for Less, Ollie’s Bargain Outlet, Five Below and Pet Supplies Plus, the property is 91 percent occupied. Appleseed Center in Mansfield totals 147,254 square feet. The purchase price was $10.5 …

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Trader-Joes-Rendering
DevelopmentGrocery-anchoredNebraskaNews

Trader Joe’s to Open 13,500-Square-Foot Store at Avenue One in West Omaha

by Abby Cox

Omaha, Neb. — Trader Joe’s will open at Avenue One, a mixed-use destination along the Dodge Expressway in West Omaha. The grocery store will span 13,500 square feet. Additional retailers at Avenue One include Arhaus, Williams-Sonoma, Pottery Barn, West Elm, Perry’s Steakhouse & Grille, Barnes & Noble, L.L. Bean and Ulta Beauty. An opening date for Trader Joe’s has not been announced yet. Avenue One is owned and developed by JSP Development, with Poag Shopping Centers serving as retail co-developer and JLL overseeing leasing.

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Westage-Renderings
ColoradoDevelopmentNews

Rouler Advisors Begins $2 Million Renovation of Westgate Shopping Center in Metro Denver

by Abby Cox

Lakewood, Colo. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver. Improvements will include a full parking lot replacement, new monument signage, building and storefront façades and fresh stucco and siding, along with exterior paint, LED lighting and other amenities. Completion is expected in the first quarter of 2027. In connection with this project, Westgate recently signed a 6,662-square-foot lease with Burn Boot Camp, which joins other tenants such as Planet Fitness, Rocky …

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Mizner-Park
FloridaInvestment salesMixed-useNews

Joint Venture Acquires 838,840-Square-Foot Mizner Park in Boca Raton, Plans Multimillion-Dollar Renovation

by Abby Cox

Boca Raton, Fla. — A joint venture between CP Group, The Georgetown Co., private equity firm ACRE and investment firm StepStone Group has acquired Mizner Park, an 838,840-square-foot, open-air mixed-use development located in downtown Boca Raton. The new ownership group is planning to implement a multimillion-dollar renovation for the 35-year-old complex. JLL represented the seller, Brookfield Properties, and secured financing through Blackstone for the transaction. Brookfield, which acquired Mizner Park via the company’s acquisition of General Growth Properties (GGP) in 2018. The sales price was not disclosed, but the property …

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Paddock-Shops_Louisville
Grocery-anchoredInvestment salesKentuckyNews

Kimco Realty Acquires Two Grocery-Anchored Shopping Centers in Louisville for $295 Million

by Abby Cox

Louisville, Ky. — Kimco Realty has purchased two grocery-anchored shopping centers in Louisville’s East End neighborhood for a combined $295 million. The New York-based owner-operator acquired the properties, the 351,000-square-foot Paddock Shops and the 390,000-square-foot Shelbyville Road Plaza, using 1031 exchange proceeds from dispositions made earlier in the year. The sellers were not released, but Louisville Business First reported that Hagan Properties was the previous owner of Shelbyville Road Plaza and a joint venture between CBRE Strategic Partners U.S. Value 9 and Fairbourne Properties purchased Paddock Shops in 2023. Paddock …

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Toro Development Co. officially opened Medley on Thursday, Oct. 29.
DevelopmentGeorgiaMixed-useNews

Toro Development Opens $560 Million Medley Mixed-Use Destination in Metro Atlanta

by Abby Cox

Johns Creek, Ga. — Toro Development Co., a locally based development firm led by Mark Toro, has officially opened Medley, a $560 million mixed-use campus in Johns Creek, a northern suburb of Atlanta in Fulton County. Toro Development held a grand opening ceremony on Thursday, Oct. 29 for the 43-acre project, which culminated in the opening of 25 new restaurants and retailers, including Trader Joe’s, Shake Shack, Sephora, BODYROK, Kontour Med Spa, Five Daughters Bakery, Summit Coffee, Hollow Oak, Drybar and Petfolk, among others. Additionally, Medley’s office component (112,000 square …

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Dahlonega-Village_Publix
GeorgiaGrocery-anchoredInvestment salesNews

JLL Arranges $21.2 Million Sale of Publix-Anchored Center in Dahlonega, Georgia

by Abby Cox

Dahlonega, Ga. — JLL has arranged the sale of Dahlonega Village, a 65,242-square-foot, Publix-anchored center located in Dahlonega, which sits 65 miles northeast of Atlanta. A private investor purchased the property from Watkins Real Estate Group for $21.2 million. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented the seller in the transaction, and Austin Sumner Properties represented the buyer. Built in 2024, Dahlonega Village sits on 13.4 acres and has direct access to Ga. Highway 400. The grocery-anchored shopping center was fully leased at the time of sale to tenants …

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Live-Oak-Village_Gulf-Breeze
FloridaInvestment salesNews

Colliers Negotiates $14 Million Sale of Shopping Center in Gulf Breeze, Florida

by Abby Cox

Gulf Breeze, Fla. — Colliers has negotiated the $14 million sale of Live Oak Village, a 107,065-square-foot shopping center located in Gulf Breeze, a beach town in Florida’s Panhandle. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Exposition Properties, in the transaction. Chris Dozier of Kuebel Realty Co. represented the buyer, Dorsey Development. United Community Bank provided an acquisition loan for the New Orleans-based buyer. Live Oak Village is anchored by a dual-branded Bealls and Home Centric. Bealls has operated at the center for 28 years, and Home …

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tices-corner
Investment salesNew JerseyNews

Cushman & Wakefield Arranges $109.5 Million Sale of Tice’s Corner in Northern New Jersey

by Abby Cox

Woodcliff Lake, N.J. — Cushman & Wakefield has arranged the $109.5 million sale of Tice’s Corner, a 120,000-square-foot lifestyle center located in the Northern New Jersey community of Woodcliff Lake. The sale was one of the largest single-asset retail transactions of the past decade in New Jersey, according to Cushman & Wakefield. Anchored by Apple, additional tenants at the center include Pottery Barn, J. Crew, Madewell, Anthropologie and Free People, along with dining and specialty shops. Joanna R. Manfro of Cushman & Wakefield represented the buyer, WS Development, in the transaction. …

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