Grocery-anchored

Franklin Village Plaza
ConnecticutFinanceGrocery-anchoredMassachusettsNew JerseyNewsPennsylvania

Newmark Group Arranges $415 Million in Financing for Northeast Grocery-Anchored Retail Portfolio

by Abby Cox

New York — Newmark has arranged a $415 million loan to refinance a retail portfolio across Connecticut, Pennsylvania, New Jersey and Massachusetts. Totaling 2.4 million square feet, the portfolio comprises 13 open-air centers that are located in densely populated infill markets. Twelve of the properties are anchored by grocery tenants. Jordan Roeschlaub, Nick Scribani, John Caraviello and Dan Axelson and Adam Doneger of Newmark secured the financing through HPS Investment Partners on behalf of a separate managed account for the borrowers, DRA Advisors and KPR Centers.

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sunset-plaza
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Brokers Sale of Grocery-Anchored Shopping Center in Monroe, North Carolina

by Abby Cox

Monroe, N.C. — Legacy Realty Group Advisors has brokered the sale of Sunset Plaza, a 58,477-square-foot shopping center located in Monroe, approximately 30 miles southeast of Charlotte. Food Lion anchors the property, which features a mix of additional tenants including Family Dollar, Monster Mini Golf and Monroe Family Pharmacy. Built in 1976 and renovated in 2023, Sunset Plaza sits on nearly 5 acres. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller in the transaction.

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110-High-Ridge-Road-Stamford
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Negotiates Sale of 153,416-Square-Foot Shopping Center in Stamford, Connecticut

by Abby Cox

Stamford, Conn. — CBRE has negotiated the sale of a 153,416-square-foot shopping center located in the southern coastal Connecticut city of Stamford. Whole Foods Market and Saks OFF Fifth anchor the center at 110 High Ridge Road, which is a redevelopment of a former Lord & Taylor department store into a multi-tenant center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, HBS Global Properties, in the transaction. The trio also procured the buyer, an entity doing business as 110 High Ridge Road LLC.

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Mountain View Plaza
Grocery-anchoredInvestment salesNewsNorth Carolina

Cleeman Realty Brokers Sale of Grocery-Anchored Shopping Center in King, North Carolina

by Abby Cox

King, N.C. — Cleeman Realty Group has brokered the sale of Mountain View Plaza, a 44,000-square-foot shopping center in King, roughly 16 miles northwest of Winston-Salem. Food Lion has anchored the 9.9-acre property since 2005. Other tenants include a Mexican restaurant, hibachi restaurant, barbershop, nail salon and a pet groomer. The seller, an unnamed family ownership group, sold the property to a group of private investors completing a 1031 exchange. Jeremy Scheer and Sara Shulman of Cleeman Realty represented both the buyer and the seller in the transaction. The sales …

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Seacliff Village
CaliforniaFinanceGrocery-anchoredInvestment salesNews

JLL Capital Markets Arranges $151 Million Sale, Financing of Seacliff Village in Huntington Beach, California

by Abby Cox

Huntington Beach, Calif. — JLL Capital Markets has arranged the $151 million sale of Seacliff Village, a 253,234-square-foot, grocery-anchored shopping center in Huntington Beach. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller, Barings, and procured the buyer, Asana Partners, in the transaction. Anthony Fertitta Jr. and John Marshall, also of JLL, arranged $83.8 million in acquisition financing. A nearly 70,000-square-foot Albertsons grocery store anchors the property, which was 95.8 percent leased at the time of sale. Additional tenants include LA Fitness, Staples, Panera Bread and Starbucks Coffee, …

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Lowe's
Grocery-anchoredLeasingNewsTexas

Weitzman Signs Lowe’s as Anchor Tenant at Manvel Town Center in Texas

by Abby Cox

Manvel, Texas — Lowe’s Home Improvement will open a 94,000-square-foot store at Manvel Town Center, a 273-acre retail and restaurant district under construction in Manvel, roughly 24 miles south of Houston. Lowe’s will join the 108,000-square-foot HEB grocery store as a co-anchor tenant. Upon completion, Manvel Town Center will comprise 1 million square feet of retail, entertainment, hospitality, medical and office space. Tenants at the center include Chipotle, Whataburger, Jersey Mike’s Subs, Smoothie King, McDonald’s, Teal Ridge Dental Care, Verizon, Memorial Hermann-GoHealth Urgent Care, Great American Cookie, Dunkin’ Donuts/Baskin-Robbins, Supercuts, …

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The Quad at Whittier
CaliforniaGrocery-anchoredInvestment salesNewsPower centers

Brixton Capital Acquires The Quad at Whittier for $100 Million in California

by Abby Cox

Whittier, Calif. — Brixton Capital has acquired The Quad at Whittier, a 314,593-square-foot, grocery-anchored power center located in Whittier, approximately 20 miles southeast of Los Angeles, for $100 million. A portion of the funding for the acquisition originated from a $250 million retail-focused joint venture between Brixton Capital and an undisclosed global investment firm. Chase Levra and Chris Hoffmann of Eastdil Secured represented the undisclosed seller, while Brixton Capital represented itself in the transaction. The Quad at Whittier spans nine buildings and was 95.6 percent leased at the time of sale. …

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Delray-Landing
FloridaGrocery-anchoredInvestment salesNews

PEBB, Topvalco Sell Sprouts-Anchored Shopping Center in South Florida for $30 Million

by Abby Cox

Delray Beach, Fla. — A joint venture between PEBB Enterprises and Cincinnati-based Topvalco Inc. has sold Delray Landing, a 70,426-square-foot shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Sprouts Farmers Market anchors the shopping center, whose tenant roster also includes Retro Fitness, Keke’s Breakfast Café, CJ’s Sports Bar & Grill and Good Vets. An entity doing business as 30 Realty LLC purchased the shopping center for $30 million. Eric Williams and Cole Frantz of Newmark represented the seller in the transaction. During their ownership period, PEBB and …

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Conejo Valley Plaza
CaliforniaFinanceGrocery-anchoredNews

Northmarq Arranges $35 Million in Financing for Conejo Valley Plaza in Metro Los Angeles

by Abby Cox

Thousand Oaks, Calif. — Northmarq has arranged a $35 million bridge loan for Conejo Valley Plaza, a 128,243-square-foot grocery-anchored retail center located in Thousand Oaks, roughly 38 miles west of Los Angeles. Northmarq secured the five-year bridge loan through New York Life on behalf of Gerrity. The transaction was structured with full-term interest-only payments. Built in 1983 and renovated in 2005, Conejo Valley Plaza spans 12.3 acres and is home to a mix of tenants including Ralphs, Toppers Pizza, Poke Land and Rise Southern Biscuits.

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Franklin-Commons
FinanceGrocery-anchoredIndianaInvestment salesNews

MMCC Arranges $7.6 Million in Financing for Retail Center in Suburban Indianapolis

by Abby Cox

Franklin, Ind. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7.6 million in financing for Franklin Commons, an 85,980-square-foot retail center located in Franklin, about 20 miles south of Indianapolis. Garrett Fierstein of MMCC secured the financing with a local bank on behalf of the borrower. The five-year loan features a 6.5 percent interest rate, 25-year amortization period and a 70 percent loan-to-value ratio. Anchored by Kroger, Franklin Commons is also home to Marshalls, Ross Dress for Less, PetSmart and Five Below.

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