Author

Abby Cox

Big Y Plaza
ConnecticutGrocery-anchoredInvestment salesNews

Marcus & Millichap Negotiates $14.3 Million Sale of Grocery-Anchored Center in Metro Hartford

by Abby Cox

Rocky Hill, Conn. — Marcus & Millichap has negotiated the $14.3 million sale of Big Y Plaza, a 60,947-square-foot grocery-anchored shopping center in Rocky Hill, approximately eight miles south of downtown Hartford. Built in 1988 on 14 acres, the property is fully occupied by Big Y Supermarket and Wells Fargo Bank. Joseph C. French Jr. and Jeffrey Stearney of Marcus & Millichap marketed the property on behalf of the seller, a private Connecticut-based company, and procured the buyer, a private New York-based investor. John Krueger was Marcus & Millichap’s broker of …

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VASA Fitness
ColoradoInvestment salesNews

DoubleBay, Midloch Sells 56,000-Square-Foot Single-Tenant Retail Property in Longmont, Colorado, for $13.9 Million

by Abby Cox

Longmont, Colo. — DoubleBay Partners and Midloch Investment Partners has sold 1630 Pace Street, a 56,000-square-foot single-tenant retail property located in Longmont, approximately 37 miles north of Denver. Situated within the Fox Creek Marketplace neighborhood center, the space is occupied by VASA Fitness, which was converted from a former Safeway grocery store. Mark Thiel and Cory Gross of Marcus & Millichap arranged the sale.

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Rita’s Italian Ice & Frozen Custard
Company newsDevelopmentNewsPennsylvaniaRestaurants

Rita’s Italian Ice & Frozen Custard Surpasses 600 Locations in 2025

by Abby Cox

Philadelphia — Rita’s Italian Ice & Frozen Custard finished 2025 with more than 600 locations worldwide, with further expansion planned in the year ahead. In 2025, Rita’s opened 35 new shops systemwide, including new shop openings across the Southeast, Texas and Mid-Atlantic, as well as the brand’s first-ever location in Louisiana. This year, Rita’s expects to open approximately 45 additional shops. Drive-thru development emerged as one of Rita’s growth drivers in 2025. Across the system, the company reports that drive-thru locations are delivering more than 30 percent higher performance compared to …

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Aldi_Chicago
Company newsDevelopmentNewsRetailers

Aldi to Open 180 New U.S. Grocery Stores This Year

by Abby Cox

Batavia, Ill. — Aldi, a German discount, small-format grocer, plans to open 180 new stores across 31 states this year. By the end of the year, Aldi will operate approximately 2,800 U.S. grocery stores, including its first Maine location in Portland and 10 new stores in the metro Phoenix area. The grocer has operated stores in the United States for 50 years and has gained a loyal following in recent years as the demand for discount grocery items increases in the face of inflation. The company disclosed that 17 million Americans …

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D&W_Cascade_East
Grocery-anchoredInvestment salesMichiganNews

Mid-America Negotiates Sale of 99,529-Square-Foot Grocery-Anchored Center in Grand Rapids, Michigan

by Abby Cox

Grand Rapids, Mich. — Mid-America Real Estate Corp. has negotiated the sale of Cascade East, a 99,529-square-foot community center located in Grand Rapids. Anchored by D&W Fresh Market, the center was 97 percent leased at the time of sale. Additional tenants include Hallmark, Sola Salon Studios, iSmash, Your Pets Naturally, HOTWORX, Warhammer and Pit Stop Catering. Ben Wineman, Eric Geskermann and Daniel Stern of Mid-America represented the seller, a publicly traded REIT, in the transaction. The property was acquired by Detroit, Michigan-based Batal Real Estate.

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Plaza-Pacifica-San-Clemente-CA
CaliforniaInvestment salesNews

Faris Lee Investments Arranges $21 Million Sale of Plaza Pacifica Retail Center in San Clemente, California

by Abby Cox

San Clemente, Calif. — Faris Lee Investments has arranged the sale of Plaza Pacifica, a 23,679-square-foot neighborhood center located in San Clemente’s South Orange County. An Orange County, California-based family office acquired the property for $21 million. Don MacLellan of Faris Lee represented the undisclosed seller. Plaza Pacifica is shadow anchored by Pavilions, Walmart, Lowe’s Home Improvement and the Hoag Medical Facility.

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Renaissance-Plaza
Investment salesNews

Marcus & Millichap Brokers Sale of Renaissance Plaza in Ormond Beach, Florida, for $7.8 Million

by Abby Cox

Ormond Beach, Fla. — Marcus & Millichap has brokered the $7.8 million sale of Renaissance Plaza, a 58,682-square-foot retail center in Ormond Beach, roughly six miles north of Daytona Beach. Built in 1988 on nearly 6 acres, Renaissance Plaza is fully leased to 16 tenants including Florida Health Care, Peggy’s Whole Foods, Manny’s Pizza, Kingdom Açai and Century 21. Tarek Chbeir marketed the property on behalf of Ty and Tovah Lohman, an Ormond Beach-based developer and investor, and procured the buyer, DRG Real Estate. Chris Lohman of STARR Real Estate LLC assisted with the …

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City-Center-Crossing
GeorgiaGrocery-anchoredInvestment salesNews

JLL Negotiates $20.8 Million Sale of City Center Crossing in Metro Atlanta

by Abby Cox

Sandy Springs, Ga. — JLL Capital Markets has negotiated the $20.8 million sale of City Center Crossing, a 98,408-square-foot grocery-anchored shopping center in the Atlanta suburb of Sandy Springs. The center, which was fully leased at the time of sale, is home to a mix of tenants including a CHEF’STORE grocery store, Planet Fitness, Goldfish Swim School, Ready. Set. Fun., Hudson Grille and GolfTec. Henry Schaffer, Gregg Shapiro and Hunter Goldberg of JLL represented the buyer, Crosspoint Associates, in the transaction. Jim Hamilton, Brad Buchanan, Andrew Michols and Charlie Merrigan, also …

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North-Reno-Plaza
FinanceGrocery-anchoredNevadaNews

Gantry Arranges $17.8 Million in Refinancing for Grocery-Anchored Center in Reno, Nevada

by Abby Cox

Reno, Nev. — Gantry has arranged a $17.8 million permanent loan to refinance North Reno Plaza, a 130,000-square-foot neighborhood center in Reno. Tony Kaufmann and Alex Poulos of Gantry represented the borrower, a private real estate investor, in securing the five-year, fixed-rate loan through one of Gantry’s lenders, which features a 30-year amortization schedule. The new loan will retire the construction debt Gantry previously arranged for the borrower for the 2024 repositioning of North Reno Plaza. The recent renovation features various center improvements, including the addition of several new tenants such …

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Millburn-Village
FinanceNew JerseyNews

Ameritas Investment Corp. Provides $13.5 Million in Refinancing for Millburn Village in Vauxhall, New Jersey

by Abby Cox

Vauxhall, N.J. — Ameritas Investment Corp. has provided a $13.5 million loan for the refinancing of Millburn Village, a 71,177-square-foot shopping center in Vauxhall. Ryan Carroll, Tyler Caricato and Caleb Henry of JLL arranged the three-year, fixed-rate loan on behalf of the borrower, Lightstone. Tenants at Millburn Village include Walgreens, Staples and Five Guys, among others. Lightstone originally acquired Millburn Village in 2003.

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