Springfield, Mass. — Atlantic Capital Partners has arranged the $35.3 million sale of two newly constructed anchor boxes located within Springfield Crossing in the Western Massachusetts city of Springfield. The two buildings, which are leased to BJ’s Wholesale Club and Hobby Lobby, total 159,344 square feet. Springfield Crossing, a 228,756-square-foot open-air center, features a mix of additional tenants including PetSmart, La-Z-Boy, Chick-fil-A, Chipotle Mexican Grill, Chase Bank, Carter’s and Skechers. Transformed from the former Eastfield Mall, Springfield Crossing is currently 99 percent occupied. Justin Smith, Chris Peterson, Danielle Turpin, Matt Ericson …
Grocery-anchored
Punta Gorda, Fla. — The Dowd Cos. has negotiated the $7 million sale of Cleveland Marketplace, a 66,479-square-foot community center located in the Southwest Florida city of Punta Gorda. Winn-Dixie, which has anchored the center since 1998, occupies 48,399 square feet alongside daily-needs and restaurant tenants including Hanna Pharmacy, Subway, Sky Liquor and Empire Bagel. John Dowd, Theresa Johnson and Peyton Dowd of The Dowd Cos. represented both the seller and the buyer, a private 1031 investor, in the transaction.
Douglassville, Pa. — Marcus & Millichap has brokered the $7.1 million sale of a grocery store located within Douglassville Shopping Center in the Eastern Pennsylvania city of Douglassville, roughly 40 miles northwest of Philadelphia. Redner’s Fresh Market occupies the 48,000-square-foot building, which was built in 1976 and renovated in 2025. Redner’s Markets is a privately held, employee-owned grocery company with 64 locations across the Mid-Atlantic. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap listed the property on behalf of the seller, a regional limited partnership, and procured …
Huntingdon Valley, Pa. — Wilder and J.P. Morgan Asset Management have acquired The Marketplace at Huntingdon Valley, a 257,000-square-foot community center located in Huntingdon Valley, roughly 20 miles north of Philadelphia. Weis Markets anchors the property, which was 95 percent occupied at the time of sale. Additional tenants include LA Fitness, Penn Cinema, Starbucks Coffee, Chipotle Mexican Grill, Dunkin’, Hand & Stone Massage & Facial Spa and Pennsylvania Fine Wine & Good Spirits. Wilder will oversee leasing, management, marketing and asset strategy for the property, with an immediate focus on placemaking, …
Phillips Edison & Co. Purchases Grocery-Anchored Center in Oviedo, Florida, for $69.1 Million
Oviedo, Fla. — Phillips Edison & Co. has acquired Alafaya Square, a 168,532-square-foot center located in the northeast Orlando suburb of Oviedo, for $69.1 million. Danny Finkle, Jorge Portela and Evan Lahr of JLL Capital Markets represented the seller, a joint venture between MCB Real Estate and an institutional investor, in the transaction. Alafaya Square, which was 96 percent occupied at the time of sale, is anchored by a newly built Publix. Other tenants at the center include Planet Fitness, IHOP, Keller Williams, Froggers Grill & Bar and Arcade Monsters.
Franklin, Tenn. — New York City-based Nuveen Real Estate has sold Southside at McEwen, a 92,470-square-foot retail center located in Franklin, roughly 20 miles south of downtown Nashville. Jim Hamilton, Brad Buchanan and John Perry Hilton of JLL represented Nuveen in the transaction. Dallas-based Lincoln Property Co. served as the investment advisor for the buyer, a high net-worth family office. The sales price was not disclosed. Whole Foods Market anchors Southside at McEwen, which was built in 2012 on approximately 10.5 acres. The fully leased center features a mix of …
Agora Realty Breaks Ground on $375 Million Final Phase of Mixed-Use Entertainment Project in North Las Vegas
North Las Vegas, Nev. — Agora Realty has broken ground on the third and final phase of Hylo Park, a 73-acre mixed-use entertainment project in North Las Vegas. Upon completion, the $375 million, 25-acre final phase will include a 250,000-square-foot multi-sport indoor field house; an existing multi-sport arena; outdoor public space; a community field; shops and restaurants; a family entertainment center; and a 177-key Hilton Embassy Suites hotel. Completion is slated for late 2027. Additional phases of the development include Hylo Park South, a 90,750-square-foot grocery-anchored retail center that was completed …
Miami — First Washington Realty (FWR), a shopping center owner-operator based in Bethesda, Maryland, has sold two Publix-anchored shopping centers in Miami to Publix Super Markets Inc. The sales price was not disclosed. The properties include Airpark Plaza, a 171,443-square-foot shopping center near Miami International Airport at 5715 N.W. 7th St.; and The Shoppes at Quail Roost, a 73,550-square-foot center located at 20201 S.W. 127th Ave. on the city’s south side. Both properties were fully leased at the time of sale.
Matthews, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus located roughly 11 miles southeast of Uptown Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The …
Doral, Fla. — Terra has signed Walmart to a 40,344-square-foot retail lease at Doral Atrium, a 78,000-square-foot lifestyle development in Doral, a western suburb of Miami. Construction on the space, which will be occupied by Walmart Neighborhood Market, is expected to begin this fall with completion anticipated for 2027. Other committed tenants at Doral Atrium include PNC Bank, Bonchon Chicken, Sushi Mas, Tremble Pilates and The Good Feet Store. Jonathan Carter and Pablo Camposano of Colliers are handling the leasing assignment at the retail center.