Grocery-anchored

Riggs-Marketplace-Chandler-AZ
ArizonaFinanceGrocery-anchoredInvestment salesNews

A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7 Million

by Abby Cox

Chandler, Cave Creek, Gilbert, Mesa and Tucson, Ariz. — A&C Properties Inc. has completed the sale of a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million. Totaling 422,949 square feet, the seven-property portfolio is currently 96 percent occupied with Fry’s Food & Drug as anchor tenant. The portfolio includes Gilbert Fiesta Marketplace, Shops at Gilbert Fiesta and Township Plaza in Gilbert; Riggs Marketplace in Chandler; Lindsay Marketplace in Mesa; Tatum Plaza in Cave Creek and Randolph Plaza in Tucson. Patrick Dempsey, Tess Berghoff and Ross Jorgensen …

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Trader-Joes-Rendering
DevelopmentGrocery-anchoredNebraskaNews

Trader Joe’s to Open 13,500-Square-Foot Store at Avenue One in West Omaha

by Abby Cox

Omaha, Neb. — Trader Joe’s will open at Avenue One, a mixed-use destination along the Dodge Expressway in West Omaha. The grocery store will span 13,500 square feet. Additional retailers at Avenue One include Arhaus, Williams-Sonoma, Pottery Barn, West Elm, Perry’s Steakhouse & Grille, Barnes & Noble, L.L. Bean and Ulta Beauty. An opening date for Trader Joe’s has not been announced yet. Avenue One is owned and developed by JSP Development, with Poag Shopping Centers serving as retail co-developer and JLL overseeing leasing.

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Paddock-Shops_Louisville
Grocery-anchoredInvestment salesKentuckyNews

Kimco Realty Acquires Two Grocery-Anchored Shopping Centers in Louisville for $295 Million

by Abby Cox

Louisville, Ky. — Kimco Realty has purchased two grocery-anchored shopping centers in Louisville’s East End neighborhood for a combined $295 million. The New York-based owner-operator acquired the properties, the 351,000-square-foot Paddock Shops and the 390,000-square-foot Shelbyville Road Plaza, using 1031 exchange proceeds from dispositions made earlier in the year. The sellers were not released, but Louisville Business First reported that Hagan Properties was the previous owner of Shelbyville Road Plaza and a joint venture between CBRE Strategic Partners U.S. Value 9 and Fairbourne Properties purchased Paddock Shops in 2023. Paddock …

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Dahlonega-Village_Publix
GeorgiaGrocery-anchoredInvestment salesNews

JLL Arranges $21.2 Million Sale of Publix-Anchored Center in Dahlonega, Georgia

by Abby Cox

Dahlonega, Ga. — JLL has arranged the sale of Dahlonega Village, a 65,242-square-foot, Publix-anchored center located in Dahlonega, which sits 65 miles northeast of Atlanta. A private investor purchased the property from Watkins Real Estate Group for $21.2 million. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented the seller in the transaction, and Austin Sumner Properties represented the buyer. Built in 2024, Dahlonega Village sits on 13.4 acres and has direct access to Ga. Highway 400. The grocery-anchored shopping center was fully leased at the time of sale to tenants …

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tucker-meridian
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Negotiates Sale of 207,000-Square-Foot Grocery-Anchored Center in Metro Atlanta

by Abby Cox

Tucker, Ga. — Colliers has negotiated the sale of Tucker Meridian Shopping Center, a 207,000-square-foot community center located in Tucker, roughly 20 miles northeast of Atlanta. The property traded for an undisclosed price but was one of the largest retail investment transactions completed in Dekalb in recent years, according to Colliers. Tucker Meridian Shopping Center is anchored by a mix of national retailers including Sprouts Farmers Market, Dick’s Sporting Goods, Hobby Lobby, Ross Dress for Less and DSW. The property was approximately 98.7 percent leased at the time of sale. Henry …

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DevelopmentGrocery-anchoredNewsPennsylvania

Wegmans to Anchor 168,000-Square-Foot Galleria of Mt. Lebanon Shopping Center in Metro Pittsburgh

by Abby Cox

Mt. Lebanon, Pa. — Roadside Development and Wegmans Food Markets have announced that Wegmans will serve as the anchor tenant at Galleria of Mt. Lebanon, a 168,000-square-foot shopping center located in Mt. Lebanon, roughly five miles south of downtown Pittsburgh. The company broke ground on the 115,000-square-foot grocery store in August 2026, which is anticipated to open in fall 2027. Galleria of Mt. Lebanon originally opened in 1965 as a Kaufmann’s department store, where the property was later converted into an indoor shopping mall in 1988. Roadside and Wegmans plan to …

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Stony Point Village
Grocery-anchoredInvestment salesNewsVirginia

ZRP Sells 112,238-Square-Foot Stony Point Village in Richmond, Virginia, for $41.3 Million

by Abby Cox

Richmond, Va. — Ziff Real Estate Partners (ZRP) has sold Stony Point Village, a 112,238-square-foot neighborhood center located in the Richmond suburb of Bon Air. Asana Partners purchased the property for $41.3 million. ZRP, which acquired Stony Point Village in 2019, has repositioned the center with new tenants such as Trader Joe’s, Sephora and Planet Fitness, while also completing a capital improvement program. Stony Point Village was 98 percent leased at the time of sale.

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Gene Autry Plaza
CaliforniaFinanceGrocery-anchoredNews

Slatt Capital Arranges $12 Million in Refinancing for Multi-Tenant Retail Center in Palm Springs, California

by Abby Cox

Palm Springs, Calif. — Slatt Capital has arranged a $12 million loan to refinance Gene Autry Plaza, a 60,629-square-foot multi-tenant retail center located in Palm Springs. Michael Kaplan and Andrew Friedeberg of Slatt Capital arranged the five-year permanent loan — which was structured with a 30-year amortization schedule — through a life insurance company on behalf of the unnamed borrower. Smart & Final Extra! anchors Gene Autry Plaza, which was built in 2009. Additional tenants at the property include Staples, Sports Clips, Goody’s Café, Panera Bread, Firehouse Subs and Five Guys.

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Oak Grove Plaza
Grocery-anchoredInvestment salesNewsTexas

Brixton Capital Acquires 120,552-Square-Foot Oak Grove Plaza in Metro Dallas

by Abby Cox

Sachse, Texas — Brixton Capital has acquired Oak Grove Plaza, a 120,552-square-foot shopping center located in Sachse, roughly 20 miles northeast of downtown Dallas. Kroger, which has operated at the site for 23 years, anchors the property. Additional tenants include Wingstop, Subway, Domino’s Pizza and Kumon, along with a roster of daily-needs services and providers such as Baylor Scott & White Primary Care, Oak Tree Dental, Athletico Physical Therapy and The UPS Store. The 15-acre property comprises two in-line buildings and a Kroger gas pad. Chicago-based Nuveen Real Estate sold the …

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hornell-plaza
Grocery-anchoredInvestment salesNew YorkNews

Cleeman Realty Brokers Sale of 453,350-Square-Foot Grocery-Anchored Portfolio in Upstate New York

by Abby Cox

Hornell and Geneseo, N.Y. — Cleeman Realty Group has brokered the sale of a 453,350-square-foot, grocery-anchored retail portfolio located in upstate New York. The portfolio includes Hornell Plaza, a 253,603-square-foot shopping center located in Hornell, and Genesee Valley Shopping Center, a 199,747-square-foot retail property in Geneseo. Hornell Plaza is dual-anchored by Wegmans Food Markets and Walmart, while Genesee Valley Shopping Center is anchored by Wegmans and features a complementary mix of retailers including Tractor Supply, T.J. Maxx, Harbor Freight Tools, Five Below and Dollar Tree. Wegmans has maintained a presence at …

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