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Grocery-anchored

Grand Covina Plaza
CaliforniaGrocery-anchoredInvestment salesNews

JLL Facilitates $25 Million Sale of 111,975-Square-Foot Retail Center in Metro Los Angeles

by Abby Cox

Covina, Calif. — JLL Capital Markets has facilitated the $25 million sale of Grand Covina Plaza, a 111,975-square-foot shopping center located in the Los Angeles suburb of Covina. Stater Bros. Markets anchors the property, which was 89 percent leased to tenants including Dollar Tree, KFC, 7-Eleven and O’Reilly Auto Parts at the time of sale. Originally built in 1956, the center sits on 8.9 acres. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL’s Investment Sales and Advisory team represented the seller, a private family partnership, and procured the buyer, …

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Turtle Creek Village
Grocery-anchoredInvestment salesLeasingNewsTexas

CIM Group Sells 320,000-Square-Foot Mixed-Use Center in Dallas

by Abby Cox

Dallas — CIM Group has sold Turtle Creek Village, a 320,000-square-foot mixed-use property located in the Turtle Creek neighborhood of Dallas. The property includes the Offices at Turtle Creek Village, an 18-story, 230,000-square-foot office tower; and the three-building Shops at Turtle Creek Village, a 95,000-square-foot grocery-anchored retail center. CIM Group acquired the property in 2017 and completed a renovation of both the office and retail components, which included upgrades to the office lobby and amenities, as well as newly constructed spec suites. Tenants at the Shops at Turtle Creek Village …

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Pacific Shopping Mall
Grocery-anchoredHawaiiInvestment salesNews

CBRE Facilitates Sale of 79,000-Square-Foot Shopping Center in Nānākuli, Hawaii

by Abby Cox

Nānākuli, Hawaii — CBRE has facilitated the sale of Pacific Shopping Mall, a 79,000-square-foot shopping center located in Nānākuli, roughly 30 miles northwest of Honolulu. Built in 1975, the center is situated on six acres near the Ko Olina master-planned development and Disney’s Aulani Resort. Foodland’s Sack N Save anchors the property, which was 90 percent leased at the time of sale. Additional tenants include O’Reilly Auto Parts, McDonalds, HELE Gas 2 Go, Subway, ColorTyme Rent-To-Own, USPS, Napa Auto Parts and the Waianae Coast Comprehensive Health Center. Nicholas Paulic and AJ Cordero of …

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Grand Bay Plaza
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 77,810-Square-Foot Shopping Center in Fort Meyers, Florida

by Abby Cox

Fort Meyers, Fla. — JLL Capital Markets has arranged the sale of Grand Bay Plaza, a 77,810-square-foot shopping center located in Fort Meyers. Publix anchors the center, which was fully leased at the time of sale. Additional retailers include Sherwin-Williams, The UPS Store and Papa Johns Pizza. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment and Sales Advisory team represented the seller, a Miami-based joint venture between Lombardi Properties and Fox Farm Capital. Wilder represented the private buyer in the transaction. Additionally, Wilder will lead leasing and management for …

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Winder Corners
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Arranges $15.8 Million Sale of Shopping Center in Winder, Georgia

by Abby Cox

Winder, Ga. — Colliers has arranged the $15.8 million sale of Winder Corners, a 164,592-square-foot shopping center located in Winder. Built in 1994, the property is situated on 24.5 acres. Publix anchors the center, which was 95.2 percent leased at the time of sale. Additional tenants include Beall’s Outlet, Roses Express, Anytime Fitness, Cato Fashions, GNC and Shoe Show. Scott Israel and Joe Montgomery represented the seller, Winder Corners Associates L.P., a subsidiary of First Colony Financial Corp., in the transaction. The buyer was Atlanta-based Mosaic Real Estate.

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safeway-anchored-shopping-centers
CaliforniaDevelopmentGrocery-anchoredNews

Nadel Architects Completes Two Retail Centers in Metro Sacramento

by Abby Cox

Roseville and Elk Grove, Calif. — Two new retail centers designed by Los Angeles-based Nadel Architects have opened in the metro Sacramento area. The properties are West Roseville Marketplace in Roseville and Laguna Reserve Marketplace in Elk Grove. West Roseville Marketplace totals 74,000 square feet and is anchored by a 55,592-square-foot Safeway. Additional tenants at the center include McDonald’s, Starbucks Coffee, Bank of America and Mountain Mike’s Pizza. Laguna Reserve Marketplace, which comprises 57,000 square feet, is also anchored by a Safeway.

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Torrey Hills Center
CaliforniaFinanceGrocery-anchoredNews

JLL Arranges $27.6 Million Refinancing for Torrey Hills Center in San Diego

by Abby Cox

San Diego, Calif. — JLL Capital Markets has arranged a $27.6 million loan to refinance Torrey Hills Center, an 86,467-square-foot retail center located in the Carmel Valley neighborhood of San Diego. Vons Market anchors the center. Originally built in 2005, the property is 98.4 percent leased to a mix of 26 tenants including Orangetheory Fitness, Starbucks Coffee, Wells Fargo and JETSET Pilates. Greg Brown, John Marshall, Spencer Seibring and Allie Black of JLL’s Debt Advisory team represented the borrower, a national real estate investment and management firm, in arranging the …

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201-233 International Drive
Grocery-anchoredInvestment salesNewsSouth Carolina

NAI Charleston Arranges Sale of 57,659-Square-Foot Shopping Center in Myrtle Beach, South Carolina

by Abby Cox

Myrtle Beach, S.C. — NAI Charleston has arranged the sale of a 57,659-square-foot shopping center located at 201-233 International Drive in Myrtle Beach. Built in 2014, the center sits on 6.4 acres, according to LoopNet. Lowes Foods anchors the center, which is leased to a mix of local and national tenants. Thomas Boulware and Michael Branch of NAI Charleston represented the buyer in the transaction. Drew Parks of Coldwell Banker Commercial represented the seller.

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Northpoint Center
Grocery-anchoredIllinoisInvestment salesNewsRhode Island

Joint Venture Acquires Two Shopping Centers Totaling 428,928 Square Feet in Rhode Island and Illinois

by Abby Cox

Warwick, R.I. and Arlington Heights, Ill. — A joint venture between Dallas-based Encore Enterprises Inc. and AmCap Management Holdings LLC, a subsidiary of Stamford, Connecticut-based AmCap Management LLC, has acquired two grocery-anchored shopping centers in Rhode Island and Illinois totaling 428,928 square feet. The properties are Cowesett Corners in the Providence suburb of Warwick and Northpoint Center in the Chicago suburb of Arlington Heights. Cowesett Corners is anchored by Stop & Shop and totals 152,595 square feet. Additional tenants at the center include PetCo, Five Below and Oak Street Health. The …

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Market Lofts
CaliforniaGrocery-anchoredInvestment salesNews

Hanley, SRS Arrange $20.9 Million Sale of Retail Anchor at Mixed-Use Development in Los Angeles

by Abby Cox

Los Angeles — A partnership between Hanley Investment Group Real Estate Advisors and SRS Real Estate Partners has arranged the $20.9 million sale of the retail component at Market Lofts in downtown Los Angeles. The retail portion of the project is anchored by a 49,489-square-foot Ralphs grocery store located on the ground floor. Completed in 2007, Market Lofts features 267 condominiums with 54,948 square feet of total ground-floor retail space. Along with Ralphs, the retail portion of the property is leased to six additional tenants including The UPS Store, Supercuts, …

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