Grocery-anchored

Parkway-Plaza_california
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $31.5 Million Sale of Grocery-Anchored Retail Center in Metro San Diego

by Abby Cox

El Cajon, Calif. — JLL Capital Markets has arranged the $31.5 million sale of The Shops at Parkway Plaza, a 122,484-square-foot retail center located in El Cajon, approximately 15 miles east of downtown San Diego. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. The buyer was a family office based in Texas. Situated adjacent to Parkway Plaza Mall, a 1.4 million-square-foot super-regional mall, The Shops at Parkway Plaza features a mix of tenants including Aldi, Best Buy, HomeGoods, Texas Roadhouse and Applebee’s.

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DevelopmentGrocery-anchoredInvestment salesMarylandMixed-useNews

SJC Ventures Acquires Former Macy’s Property in Metro Baltimore, Plans Mixed-Use Redevelopment

by Abby Cox

Bel Air, Md. — SJC Ventures has acquired the former Macy’s store at the Harford Mall site in Bel Air, roughly 30 miles northeast of Baltimore, with plans for a redevelopment. The Atlanta-based development firm will begin clearing land and preparing infrastructure at the site in early July. Dubbed Derby Place, the mixed-use project will span 94,600 square feet and will include a 35,000-square-foot grocer, complemented by 48,000 square feet of luxury boutiques, restaurants, shops and amenities. Construction is scheduled to start this summer, while first tenant openings are projected for spring …

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Barcroft-Plaza
FinanceGrocery-anchoredInvestment salesNewsVirginia

JLL Arranges $58 Million Sale, Acquisition Financing for Harris Teeter-Anchored Shopping Center Near Washington, D.C.

by Abby Cox

Falls Church, Va. — JLL Capital Markets has arranged the $58 million sale of Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller, Federal Realty Investment Trust, in the transaction. Chris Knight and Evan Parker, also of JLL, secured the five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include …

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Newport-Pavilion
Grocery-anchoredInvestment salesKentuckyNews

Newmark Brokers Sale of 332,309-Square-Foot Shopping Center in Newport, Kentucky

by Abby Cox

Newport, Ky. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot power center in Newport, which is situated across the Ohio River from downtown Cincinnati. Newport Pavilion is co-anchored by Kroger and Target and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, T.J. Maxx, Michael’s, Ulta Beauty, Chipotle Mexican Grill and PetSmart. The property sits on 55 acres and benefits from a long-term PILOT agreement through 2037. Conor Lalor, Kyle Minter, Keely Polczynski, James Sharp V and Brian Schneiderman of Newmark represented …

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The-Meridian
Grocery-anchoredInvestment salesNewsPennsylvania

TPG-Led Investor Group Acquires Shopping Center Owner ECHO Realty in $2 Billion Deal

by Abby Cox

Pittsburgh — TPG Real Estate has acquired ECHO Realty, a full-service owner and operator of grocery-anchored retail real estate, in a transaction valued at $2 billion. TPG, a global asset management firm based in San Fransisco, partnered with global investment groups PSP Investments, La Caisse and Norges Bank Investment Management for the transaction. “Our more than two decades of building and operating neighborhood, necessity-based shopping destinations demonstrate the enduring demand for grocery-anchored retail close to home,” says Thomas Karet, founder and CEO of ECHO. “With TPG’s investment and business-building expertise, …

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North-Grove-Center
FloridaGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers $9.6 Million Sale of Grocery-Anchored Shopping Center in Metro Tampa

by Abby Cox

Seffner, Fla. — Marcus & Millichap has brokered the $9.6 million sale of North Grove Center, a 69,757-square-foot retail center located in Seffner, approximately 15miles east of downtown Tampa. Drew Kristol and Kirk Olson of Marcus & Millichap marketed the property on behalf of the seller, a Florida-based private investment group, in the transaction. Discount grocery chain Save A Lot anchors North Grove Center, which features a mix of additional tenants such as Planet Fitness, Dollar Tree and Ace Hardware, along with various local shops, restaurants and service-oriented retailers. Recent …

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Venetia-Village
FloridaGrocery-anchoredInvestment salesNews

Cleeman Realty Group Negotiates $9.1 Million Sale of Venetia Village in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Cleeman Realty Group has negotiated the $9.1 million sale of Venetia Village, a 93,925-square-foot shopping center located in Jacksonville. The center is situated on about 10 acres and has been owned and operated by the same family for more than 40 years. Winn-Dixie anchors the property, which features additional tenants such as Dollar General, Anytime Fitness and Dunkin’ Donuts. The new ownership plans to modernize the property and enhance the overall tenant mix. Michael Cleeman of Cleeman Realty Group represented the buyer, an entity doing business as Gator …

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8805-Centreville-Rd-Manassas
Grocery-anchoredInvestment salesNewsVirginia

Marcus & Millichap Brokers $10.2 Million Sale of H-Mart-Anchored Shopping Center in Northern Virginia

by Abby Cox

Manassas, Va. — Marcus & Millichap has brokered the $10.2 million sale of a 67,022-square-foot shopping center located in Manassas, roughly 31 miles southwest of Washington, D.C. H Mart anchors the center, which was built in 1981. Other tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Domino’s Pizza and Wingstop, as well as several local retailers. Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller, a private individual based in the local area, and procured …

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Vintage-Marketplace
Grocery-anchoredInvestment salesNewsTexas

Brixmor Property Group Acquires 72,184-Square-Foot Grocery-Anchored Shopping Center in Houston

by Abby Cox

Houston — Brixmor Property Group has acquired Vintage Marketplace, a 72,184-square-foot shopping center located in Houston, roughly 26 miles northwest of downtown. Ryan West, Chris Gerard and Erin Lazarus of JLL represented the seller in the transaction. Whole Foods Market anchors Vintage Marketplace, which was 94.4 percent occupied at the time of sale. Additional tenants at the property include Torchy’s Tacos, Orangetheory Fitness, Mod Pizza, Jersey Mike’s Subs and Nothing Bundt Cakes, among other service-oriented retailers.

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FloridaGrocery-anchoredInvestment salesNews

Colliers Negotiates $25 Million Sale of Grocery-Anchored Retail Center in Orlando

by Abby Cox

Orlando, Fla. — Colliers has negotiated the sale of West Colonial Oaks, a 161,333-square-foot, grocery-anchored retail center located at the intersection of West Colonial Drive and Hiawassee Road in Orlando. A Dallas-based family office purchased the property for $25 million. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Newport Capital Partners, in the transaction. West Colonial Oaks, which was 95 percent leased at the time of sale, features a mix of tenants including SuperFresh Market, Ollie’s Bargain Outlet, Family Dollar and Crazy Buffet. In November 2025, Japanese-inspired lifestyle and …

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