Grocery-anchored

watauga-village
Grocery-anchoredInvestment salesNewsNorth Carolina

Orion Buys Food Lion-Anchored Center in Northwestern North Carolina for $26 Million

by Abby Cox

Boone, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood center located in the northwestern North Carolina city of Boone. Food Lion anchors the property, which was fully leased at the time of sale. Additional tenants include Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café and Wingstop.   Orion currently owns or manages an additional 23 properties totaling 101,583 square feet throughout North Carolina, which are all single-tenant, triple-net properties. Watauga Village is the firm’s first shopping center acquisition in the state. Adam Russ, Erin Varol …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pleasanton Gateway Shopping Center
CaliforniaGrocery-anchoredHawaiiInvestment salesNews

Sterling Organization Acquires Grocery-Anchored Retail Portfolio Totaling 277,057 Square Feet in California, Hawaii

by Abby Cox

Burlingame and Pleasanton, Calif. and Honolulu — West Palm Beach, Florida-based Sterling Organization has acquired three shopping centers totaling 277,057 square feet in California and Hawaii. The portfolio included Safeway Burlingame in Burlingame; Pleasanton Gateway Shopping Center in Pleasanton; and Kapahulu Shopping Center in Honolulu. Collectively, the properties were 99 percent leased at the time of sale and are each anchored by a Safeway grocery store. Safeway Burlingame totals 70,174 square feet. Alongside Safeway, additional tenants at the fully leased property include Union Bank, AT&T, StretchLab, Five Guys, Drybar and Great …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sprouts-Victorville
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Negotiates $9.3 Million Sale of Sprouts-Anchored Retail Property in Victorville, California

by Abby Cox

Victorville, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $9.3 million sale of a 44,388-square-foot retail property located in Victorville, approximately 35 miles north of San Bernardino. Sprouts Farmers Market anchors the property, which also includes a 21,000-square-foot junior box space available for lease. Built in 1989 and renovated in 2024, the property is situated within Village Center, a 350,000-square-foot community center. Village Center features a mix of tenants such as BioLife Plasma Services, Dollar Tree, Hobby Lobby, PetSmart, La-Z-Boy, Mattress Firm, Crunch Fitness and Get Air Trampoline …

Continue Reading
0 FacebookTwitterLinkedinEmail
Randhurst Village
Grocery-anchoredIllinoisNewsPower centers

Newmark Arranges $95 Million Sale of Power Center in Metro Chicago

by Abby Cox

Mount Prospect, Ill. — Newmark has arranged the $95 million sale of Randhurst Village, a 931,798-square-foot open-air power center located in Mount Prospect, roughly 20 miles northwest of downtown Chicago. Situated on more than 94 acres, Randhurst Village is anchored by Costco, Jewel-Osco and The Home Depot, alongside a mix of national retailers such as T.J. Maxx, HomeGoods, AMC Theatres, Skechers, Orangetheory Fitness and PetSmart. Randhurst Mall was redeveloped into the open-air Randhurst Village in 2011, following the closure of the original enclosed mall in 2008 and its subsequent demolition …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGeorgiaGrocery-anchoredNews

Connolly Unveils First Wave of Tenants at Publix-Anchored Center in Metro Atlanta

by Abby Cox

Woodstock, Ga. — Connolly has unveiled the first wave of tenants at Woodstock Mill District, a 118,000-square-foot shopping center underway in downtown Woodstock, roughly 30 miles northwest of Atlanta. Connolly closed on the site last September and began construction immediately. Tenants are expected to occupy the buildings this fall to prepare for an opening in early 2027. Woodstock Mill District encompasses an 11-acre new development site, as well as an existing 28,000-square-foot retail center that Connolly purchased in 2021 for $4 million. A 46,791-square-foot, freestanding Publix will anchor the new property, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shoppers-Haven
Company newsFloridaGrocery-anchoredLeasingNews

Colliers to Provide Leasing Services for Two Florida Shopping Centers Spanning 262,000 Square Feet

by Abby Cox

Plantation and Pompano Beach, Fla. — Colliers has been selected to provide leasing services for two shopping centers: Shoppers Haven in Pompano Beach and Shops at One Plantation in Plantation. Sabrina Stimming, Steven Henenfeld, Ruben Suarez and Ariel Davis will lead leasing efforts for the properties on behalf of Stiles Retail Group. The first property, Shoppers Haven, is a 200,144-square-foot, redeveloped Publix-anchored shopping center. Additional tenants at the property include Walgreens, Bealls, Outback Steakhouse, Xfinity, Dunkin’ and Domino’s Pizza, among others. Shops at One Plantation spans approximately 61,855 square feet and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Villages-of-Blaine
Grocery-anchoredInvestment salesMinnesotaMissouriNews

First Washington Realty Acquires Two Midwest Shopping Centers for $65 Million

by Abby Cox

Blaine, Minn. and Liberty, Mo. — First Washington Realty (FWR) has acquired two grocery-anchored shopping centers in Minnesota and Missouri for a combined value in excess of $65 million. The acquisitions expand FWR’s portfolio to 21.9 million square feet across 21 states. The Village of Blaine is a 220,685-square-foot center in Blaine, Minnesota, and Liberty Corners is a 124,808-square-foot property anchored by a 56,000-square-foot Cosentino’s Price Chopper store in Liberty, Missouri. Additional tenants include Chipotle Mexican Grill and The Big Biscuit.

Continue Reading
0 FacebookTwitterLinkedinEmail
Water-Tower
Grocery-anchoredInvestment salesNewsPennsylvania

CBRE Arranges Sale of 269,018-Square-Foot Grocery-Anchored Center in Metro Philadelphia

by Abby Cox

Montgomeryville, Pa. — CBRE has arranged the sale of Water Tower Center, a 269,018-square-foot grocery-anchored center located in Montgomeryville, roughly 32 miles north of Philadelphia. A newly formed joint venture between ECHO Realty and TPG was the buyer. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller, The Goldenberg Group, in the transaction. Tenants at the center include Sprouts Farmers Market, The Home Depot, Planet Fitness, Flagship Cinemas, Bob’s Discount Furniture, World Market and Miller’s Ale House.

Continue Reading
0 FacebookTwitterLinkedinEmail
eldridge-town-center
Grocery-anchoredInvestment salesNewsTexas

Forge Capital, Sembler Co. Acquire Kroger-Anchored Center in Houston

by Abby Cox

Houston — Forge Capital Partners and The Sembler Co., through its Forge Real Estate Partners V investment fund, have acquired Eldridge Town Center, a 144,000-square-foot shopping center located in northwest Houston. Kroger anchors the property, which was 96 percent leased at the time of sale. Other tenants include Petco, Panera Bread, Chase Bank, Chipotle Mexican Grill, GNC, T-Mobile and Supercuts, among others. Eldridge Town Center was built in 2000. Through their investment funds, Sembler and Forge have now acquired 26 shopping centers together across Florida, Georgia, North Carolina, Tennessee, Virginia and …

Continue Reading
0 FacebookTwitterLinkedinEmail
university-shopping-center
CaliforniaGrocery-anchoredInvestment salesNews

Sigmund Cos., Shoreline Street Partners Acquire Grocery-Anchored Center in Metro Los Angeles for $17.6 Million

by Abby Cox

Thousand Oaks, Calif. — The Sigmund Cos. (TSC), in partnership with Shoreline Street Partners, has acquired University Shopping Center, a 37,992-square-foot retail property located in Thousand Oaks, roughly 38 miles west of Los Angeles, for $17.6 million. Trader Joe’s anchors the property, which features a mix of additional tenants such as Fresh Donuts, 3Tails Dog Salon, PJ’s Pub, Allegro Pizza, Imperial Garden Chinese Restaurant and Launderland, among others. University Shopping Center was 83 percent leased at the time of sale. The property was acquired in two separate transactions. The first …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts