Grocery-anchored

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DevelopmentGrocery-anchoredIllinoisNews

Associated Bank Provides $22.6 Million Loan for Acquisition, Redevelopment of Former Grocery Store in Metro Chicago

by Abby Cox

Buffalo Grove, Ill. — Associated Bank has provided a $22.6 million loan for the redevelopment of a former grocery store located at 1160 W. Lake Cook Road in Buffalo Grove, roughly 30 miles northwest of downtown Chicago. The acquisition also included an outparcel. Dubbed Chase Plaza, the project will convert the 66,083-square-foot vacant space into a two-tenant, grocery-anchored retail building occupied by Sprouts Farmers Market and Club Studio. Daniel Barrins of Associated Bank arranged the loan on behalf of the borrower and developer, Shorewood Development Group.

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columbia-marketplace
Grocery-anchoredInvestment salesMississippiNews

Cleeman Realty Group Negotiates Sale of 136,000-Square-Foot, Grocery-Anchored Shopping Center in Southern Mississippi

by Abby Cox

Columbia, Miss. — Cleeman Realty Group has negotiated the sale of Columbia Marketplace, a 136,000-square-foot shopping center located in Marion County. Ramey’s Marketplace anchors the property, which was 72 percent occupied at the time of sale. Additional tenants include Advance America, Shoe Show, Fitness Depot, S+H Beauty, Boggie’s Restaurant and Liberty Tax. Jeremy Scheer of Cleeman Realty Group represented both the buyer and seller in the transaction.

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CaliforniaGrocery-anchoredInvestment salesNews

Mahoney & Associates Arranges $37.5 Million Sale of Carmel Rancho Shopping Center in California

by Abby Cox

Carmel-By-The-Sea, Calif. — Mahoney & Associates has arranged the $37.5 million sale of Carmel Rancho Shopping Center, a retail center located on the Central Coast of California in Carmel-by-the-Sea. Situated on a 295,335-square-foot land parcel, Carmel Rancho Shopping Center has 77,002 square feet of retail space. Tenants at the center include Lucky Supermarket and BevMo!. Ryan Edwards, Josh Jones and Patrick Stafford of Mahoney & Associates represented the buyer, Montage Health, and the undisclosed seller, in the deal.

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The_Marketplace_Redlands
CaliforniaDevelopmentGrocery-anchoredNews

Whole Foods Market-Anchored Retail Development Moving Ahead in Inland Empire

by Abby Cox

Redlands, Calif. — Redlands City Council has granted approval for the development of The Marketplace, a planned 71,900-square-foot grocery-anchored retail center located in the Inland Empire city of Redlands. Regency Centers will develop and KTGY will design the center. Anchored by a 36,000-square-foot Whole Foods Market, the project will feature four retail buildings with the capacity to be divided into 18 storefronts. In addition, a fifth pad building is planned to include a drive-thru with its own dedicated parking lot. Construction is expected to begin in late 2026, with completion …

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Las-Palmas-Village-LV-NV
Grocery-anchoredInvestment salesNevadaNews

Brixton Capital Acquires Las Palmas Village Shopping Center in Las Vegas for $29.4 Million

by Abby Cox

Las Vegas — Brixton Capital has purchased Las Palmas Village, a 106,838-square-foot shopping center in Las Vegas, from Australia-based Cop Group for $29.4 million. Vons anchors Las Palmas Village, which was 95 percent occupied at the time of sale. Additional tenants include Starbucks Coffee, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell. Brixton plans to implement a capital improvements program, with renovations such as landscaping, new paint, roof repairs, HVAC and parking lot resurfacing upgrades. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while …

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Grocery-anchoredLeasingMixed-useNew JerseyNews

Triangle Equities, Incline Capital Sign Leases with Six New Tenants at The Crossings at Brick Church Near Manhattan

by Abby Cox

East Orange, N.J. — Triangle Equities and Incline Capital, alongside commercial leasing partner RIPCO Real Estate, have signed leases with six new tenants totaling 75,000 square feet at The Crossings at Brick Church, a mixed-use development under construction in East Orange, roughly 10 miles west of Manhattan. Burlington will occupy a 48,900-square-foot space, while Five Below will occupy 9,600 square feet. Women’s clothing retailer Rainbow will open a 6,400-square-foot store and Verizon will debut a 1,424-square-foot store. Healthcare provider Newark Community Health Center and Angel Nails will occupy 4,500 square feet and 3,400 square …

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Orangeburg-Plaza
Grocery-anchoredInvestment salesNewsSouth Carolina

Legacy Realty Group Arranges Sale of 86,650-Square-Foot Grocery-Anchored Shopping Center Near Columbia, South Carolina

by Abby Cox

Orangeburg, S.C. — Legacy Realty Group Advisors has arranged the sale of an 86,650-square-foot shopping center located in Orangeburg, approximately 40 miles northwest of Columbia. Piggly Wiggly anchors the center, which features a mix of additional tenants such as Advance Auto Parts and Dollar General. Jacob Baruch of Legacy Realty Group Advisors represented the buyer in the transaction. The seller was a local private family.

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rise-koreatown
DevelopmentGrocery-anchoredMixed-useNews

Retail Component of Rise Koreatown Mixed-Use Development in Los Angeles Nears Completion

by Abby Cox

Los Angeles — Nadel Architects has announced that the retail component of Rise Koreatown, a seven-story mixed-use development in Los Angeles’ Koreatown neighborhood, is nearing completion. The project will introduce more than 52,000 square feet of ground-floor retail space, which will be anchored by a 30,000-square-foot Zion Market, an American supermarket chain that specializes in Korean and Asian foods. The retail component of Rise Koreatown is expected to open later this year. Developed by Rescore Property Corp., the broader project includes over 350 residential units. Nadel’s design team drew inspiration from …

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grocery-anchored-retail-portfolio
GeorgiaGrocery-anchoredInvestment salesNew JerseyNewsSouth CarolinaVirginia

JLL Negotiates $115 Million Sale of Grocery-Anchored Retail Portfolio Across Four States

by Abby Cox

Atlanta — JLL Capital Markets has acquired a 588,000-square-foot portfolio of grocery-anchored retail centers in Georgia, South Carolina, Virginia and New Jersey, for $115 million. The portfolio comprises seven retail properties: Hickory Flat Village in Canton, Georgia; Deshon Plaza in Stone Mountain, Georgia; Flat Shoals Crossing in Decatur, Georgia; Cascade Corners in Atlanta; The Plaza at Carolina Forest in Myrtle Beach, South Carolina; Kroger Plaza in Virginia Beach, Virginia; and Lewandowski Commons in Lyndhurst, New Jersey. The portfolio is 99.6 percent leased and features a mix of grocers including Publix, Kroger …

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Grocery-anchoredInvestment salesMixed-useNewsTexas

Town Lane, Gillon Property Group Purchase 460,000-Square-Foot Mixed-Use Development in Allen, Texas

by Abby Cox

Allen, Texas — New York-based Town Lane and Dallas-based Gillon Property Group have acquired Watters Creek Village, a 460,000-square-foot mixed-use development located in the northeastern Dallas suburb of Allen. An Ares Real Estate fund provided the debt financing for the acquisition. Delivered in 2008, Watters Creek Village spans 46 acres and features approximately 360,000 square feet of retail and 100,000 square feet of boutique office space. A Market Street grocery store anchors the property, with additional tenants including Anthropologie, Barnes & Noble, Chico’s, Bath & Body Works, DSW, Kendra Scott, Loft, …

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