Grocery-anchored

Lakeland Town Center
Grocery-anchoredInvestment salesNewsWashington

Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5 Million

by Abby Cox

Auburn, Wash. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located in Auburn, approximately 20 miles south of Seattle. Built in 2002, Lakeland Town Center is situated on 12.6 acres within the Lakeland Hills master-planned community. The property, which was fully leased at the time of sale, is home to a mix of tenants including Haggen Northwest Fresh, Subway, HopsnDrops, Rock Wood Fired Pizza, Puerto Vallarta Mexican, Sushi Konami, Ichi Teriyaki, Legendary Doughnuts, Nekter Juice Bar, Menchie’s Frozen Yogurt, Pacific Cataract and Laser Institute, …

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the-plaza-at-cape-may-court
FinanceGrocery-anchoredNew JerseyNews

Cronheim Arranges $21 Million in Financing for Grocery-Anchored Shopping Center Near Cape May, New Jersey

by Abby Cox

Cape May Court House, N.J. — Cronheim Mortgage has arranged $21 million in financing for the acquisition of The Plaza at Cape May Court House, a 163,629-square-foot shopping center located within Middle Township in Cape May County. Acme, which has operated at the property for 29 years, anchors the center. Built in 1971 and renovated in 2022, The Plaza at Cape May Court House is leased to 16 additional tenants including Starbucks Coffee, Staples, CVS/pharmacy, Jersey Mike’s Subs, Chase Bank and True Value Hardware. Brandon Szwalbenest, Dev Morris and Andrew …

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Commerce-District-Valley-Ranch
DevelopmentGrocery-anchoredLeasingMixed-useNewsTexas

Signorelli Co. Signs H-E-B to Anchor Commerce District at Valley Ranch in Metro Houston

by Abby Cox

New Caney, Texas — The Signorelli Co. has signed a lease with H-E-B to anchor Commerce District at Valley Ranch, a mixed-use project located within the 1,400-acre Valley Ranch master-planned community in New Caney, roughly 30 miles northeast of downtown Houston. The first phase, dubbed Commerce West, will be anchored by a 120,000-square-foot H-E-B supermarket that is scheduled to open in fall 2027. In addition to H-E-B, Commerce West includes approximately 19,500 square feet of retail space and two outparcel opportunities for complementary restaurants, retail and service-oriented businesses. Commerce East, the …

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Westwood Town Center
Grocery-anchoredInvestment salesNewsOhio

KPR Acquires Westwood Town Center in Rocky River, Ohio, for $28.2 Million

by Abby Cox

Rocky River, Ohio — KPR Centers has acquired Westwood Town Center, a 226,155-square-foot shopping center in Rocky River, a suburb of Cleveland, for $28.2 million. The Home Depot and Marc’s, a regional grocery store, anchor the property, which was 95 percent occupied at the time of sale. Other tenants include AMC Theatres, Dollar Tree, FedEx and Third Federal Savings & Loan. Westwood Town Center also has nearly 11,000 square feet of space available for lease. Michael Nieder and Brian Page of JLL represented the seller, Zeisler Morgan Properties, in the …

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30252-Crown-Valley-Pkwy-Laguna-Niguel-CA
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $20.5 Million Sale of Crown Valley Mall Near Laguna Beach, California

by Abby Cox

Laguna Niguel, Calif. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a 62,627-square-foot, grocery-anchored retail center located near Laguna Beach. A private family, which had owned the property since it was originally built in 1969, sold the property to Charlotte, North Carolina-based Asana Partners. Tenants at Crown Valley Mall include Smart & Final, Baja Fish Tacos, Domino’s and Avis. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller and sourced the all-cash institutional buyer in the transaction.

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Highland-Village
Grocery-anchoredInvestment salesMississippiNews

Newmark Arranges Sale of Whole Foods-Anchored Shopping Center in Jackson, Mississippi

by Abby Cox

Jackson, Miss. — Newmark has arranged the sale of Highland Village, a 217,589-square-foot shopping center located at 4500 I-55 N. in Jackson. Mississippi’s only Whole Foods Market anchors the 14.5-acre property, which was originally developed in 1960 and redeveloped in 2017 by the seller, WS Development. Charlotte, North Carolina-based Asana Partners purchased the shopping center for an undisclosed price. Conor Lalor of Newmark represented the seller in the transaction. Highland Village was approximately 90 percent leased at the time of sale to tenants including Free People, Kendra Scott, lululemon and …

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towne-crossing
Grocery-anchoredInvestment salesNewsTexas

DIG Arranges Sale of 167,957-Square-Foot, Kroger-Anchored Shopping Center in Metro Dallas

by Abby Cox

Mesquite, Texas — Disney Investment Group (DIG) has arranged the sale of Towne Crossing, a 167,957-square-foot shopping center located in Mesquite, roughly 15 miles east of Dallas. Kroger anchors the property, which was 92 percent leased at the time of sale to 30 additional tenants including WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz, among others. Kroger has operated at Towne Crossing since its opening in the early 1990s, and recently executed an early, long-term lease extension. David Disney and Adam Crockett of DIG represented the seller, Phillips …

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Whole Foods Market
DevelopmentFloridaGrocery-anchoredNews

SJC Ventures Opens New Whole Foods Grocery Store at Doral Marketplace in Florida

by Abby Cox

Doral, Fla. — SJC Ventures has opened a 43,000-square-foot Whole Foods Market in Doral, a western suburb of Miami. The grocery store anchors Doral Marketplace, a nearly 90,000-square-foot shopping center, and includes 500 products from Florida-based suppliers. Additional tenants at Doral Marketplace include Shake Shack, J.Crew, First Watch, GoodVets, The Spot Barbershop, Pacific Dental, PNC Bank, Warby Parker, Tide Dry Cleaners, Ulta Beauty, Apizza Brooklyn Resto + Vino and Chick-fil-A. The design-build team for the Whole Foods store included architect Dynamik Design and general contractor Oak Construction.

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FinanceGrocery-anchoredNew YorkNews

Northmarq Arranges $13.5 Million in Financing for Strathmore Commons Mall in Middle Island, New York

by Abby Cox

Middle Island, N.Y. — Northmarq has arranged $13.5 million in financing for Strathmore Commons Mall, a 146,381-square-foot, grocery-anchored retail center located in Middle Island, roughly 65 miles east of Manhattan. Originally built in 1991, Strathmore Commons Mall features a mix of tenants including McDonald’s, Giunta’s Meat Farms, NYU Langone Health, Gold’s Gym, Subway, Dollar Tree and Carvel. Robert Delitsky and Dylan Hamer of Northmarq arranged the financing through WoodmenLife on behalf of the borrower and repeat client.

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The-Shops-of-Uptown
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers $26 Million Sale of 70,144-Square-Foot, Grocery-Anchored Center in Metro Chicago

by Abby Cox

Park Ridge, Ill. — Mid-America Real Estate Corp. has brokered the sale of The Shops of Uptown, a 70,144-square-foot retail center located in Park Ridge, approximately 15 miles northwest of downtown Chicago. The purchase price was roughly $26 million, as reported by various media outlets. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Phillips Edison Co., in the transaction. The property was acquired by an institutional investment manager. Trader Joe’s anchors the center, which features a mix of additional tenants including Blufish, LensCrafters, Nothing Bundt Cakes, Pure Barre, Club Pilates, Orangetheory …

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