Grocery-anchored

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Grocery-anchoredInvestment salesMissouriNews

Block & Co. Negotiates Sale of Grocery-Anchored Shopping Center in Kansas City

by Abby Cox

Kansas City, Mo. — Block & Co. Inc. Realtors has negotiated the sale of New Mark Shopping Center, an 81,884-square-foot neighborhood center located at North Oak Trafficway and 102nd Street in Kansas City. A 52,000-square-foot Sun Fresh Grocery anchors the center, which was 95 percent leased at the time of sale. David Block and Jay Friedman of Block & Co. represented the seller in the transaction. The buyer, an out-of-state investor, purchased New Mark Shopping Center for an undisclosed price. Block & Co. has managed and leased New Mark since acquiring the property in …

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Marcs Grocery Center
Grocery-anchoredInvestment salesNewsOhio

FNRP Purchases 63,317-Square-Foot Grocery-Anchored Shopping Center in Suburban Cleveland 

by Abby Cox

South Euclid, Ohio — First National Realty Partners (FNRP) has acquired Marc’s Grocery Center, a 63,317-square-foot shopping center located in the Cleveland suburb of South Euclid. Anchored by Marc’s, the property features a mix of other tenants including Starbucks Coffee, AT&T, NextDoor Urgent Care, Great Clips and Subway. Erin Patton of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the undisclosed seller in the transaction.

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GeorgiaGrocery-anchoredInvestment salesNews

Sands Investment Group Brokers $23.4 Million Sale of Grocery-Anchored Center in Suburban Atlanta

by Abby Cox

Lawrenceville, Ga. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, grocery-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Kroger, Goodwill, …

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3030-N-Broadway
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers $50.1 Million Sale of 131,748-Square-Foot Grocery-Anchored Center in Chicago

by Abby Cox

Chicago — Mid-America Real Estate Corp. has brokered the sale of 3030 North Broadway, a 131,748-square-foot shopping center located in Chicago. L3 Capital acquired the property for $50.1 million. Ben Wineman and Joe Girardi of Mid-America Real Estate Corp. represented the seller, SITE Centers, in the transaction. Mariano’s anchors the five-story property, which features a mix of additional tenants including Club Studio, PNC Bank, Starbucks Coffee and Fresh Dental.

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Viva-White-Oak
DevelopmentGrocery-anchoredMarylandMixed-useNews

MCB Signs Costco to Anchor $2.8 Billion Viva White Oak Mixed-Use Development in Metro D.C.

by Abby Cox

Silver Spring, Md. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated roughly 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 …

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Centennial-Place-Shops
Grocery-anchoredInvestment salesNewsWisconsin

Mid-America Real Estate Brokers Sale of Centennial Place Shoppes in Milwaukee

by Abby Cox

Milwaukee — Mid-America Real Estate Corp. has brokered the sale of Centennial Place Shoppes, a 13,976-square-foot shopping center located less than four miles from downtown Milwaukee. Pick ‘n Save shadow-anchors the center, which was fully leased at the time of sale, according to LoopNet Inc. Additional tenants include Summit Credit Union, Domino’s Pizza, GNC, Great Clips, Chubby’s Cheesesteaks and T-Mobile. Rick Drogosz, Patrick Corrigan and Dan Rosenfeld of Mid-America Real Estate represented the seller, a joint venture between Boulder Venture and General Capital Group, in the transaction. The center was acquired by a public REIT.

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DevelopmentFloridaGrocery-anchoredInvestment salesNews

Morgan Co., Casto Net Lease Acquire Land Parcel for Development of Grocery-Anchored Shopping Center in Port St. Lucie, Florida

by Abby Cox

Port St. Lucie, Fla. — A partnership between Morgan Co. and Casto Net Lease has acquired a 15-acre land parcel in Port St. Lucie for the development of a grocery-anchored shopping center. Scott Copeland of On Course Development represented the buyers in the transaction. The new center will be anchored by Aldi and will include several outparcels that will be designated for tenants such as McDonald’s, Circle K and AutoZone. Construction is expected to begin later this year, with delivery of the project scheduled for 2027.

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DevelopmentGrocery-anchoredNewsTexas

Weitzman to Develop Grocery-Anchored Shopping Center in Metro Dallas

by Abby Cox

McKinney, Texas — Weitzman has announced plans to develop Custer Frontier Marketplace, a 170,000-square-foot, Kroger-anchored shopping center located in McKinney, approximately 33 miles north of Dallas. Situated on the southeast corner of Custer Road and Frontier Parkway, the Kroger Marketplace will comprise a 99,000-square-foot grocery store and fuel station. In addition to the anchor, the center will also feature 54,000 square feet of small-shop and freestanding retail space across multiple buildings and pad sites. A timeline for completion was not disclosed. David Palmer of Weitzman is leading the development of Custer …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of Whistle Stop Square Near Rockingham, North Carolina

by Abby Cox

Hamlet, N.C. — Legacy Realty Group Advisors has arranged the sale of Whistle Stop Square, a 40,120-square-foot, grocery-anchored shopping center located in Hamlet, roughly six miles southeast of the Rockingham. Tenants at the center include Food Lion, Mr. Furniture Outlet, K&D Nails, King Gourmet and Mo’s Tobacco & Vapor, according to Showcase. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented the buyer, while David Zipparo of Avison Young represented the seller in the off-market transaction.

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Wallingford Fair Shopping Center
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $21.4 Million Sale of Wallingford Fair Shopping Center in Southern Connecticut

by Abby Cox

Wallingford, Conn. — CBRE has arranged the $21.4 million sale of Wallingford Fair Shopping Center, a 115,000-square-foot grocery-anchored center located in Wallingford, approximately 25 miles south of Hartford. ShopRite anchors the property, which also features a self-storage facility and a Petco store. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller, Feldco Development Corp., and procured the buyer, United Hampshire US REIT, in the transaction.

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