Grocery-anchored

City-Center-Crossing
GeorgiaGrocery-anchoredInvestment salesNews

JLL Negotiates $20.8 Million Sale of City Center Crossing in Metro Atlanta

by Abby Cox

Sandy Springs, Ga. — JLL Capital Markets has negotiated the $20.8 million sale of City Center Crossing, a 98,408-square-foot grocery-anchored shopping center in the Atlanta suburb of Sandy Springs. The center, which was fully leased at the time of sale, is home to a mix of tenants including a CHEF’STORE grocery store, Planet Fitness, Goldfish Swim School, Ready. Set. Fun., Hudson Grille and GolfTec. Henry Schaffer, Gregg Shapiro and Hunter Goldberg of JLL represented the buyer, Crosspoint Associates, in the transaction. Jim Hamilton, Brad Buchanan, Andrew Michols and Charlie Merrigan, also …

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North-Reno-Plaza
FinanceGrocery-anchoredNevadaNews

Gantry Arranges $17.8 Million in Refinancing for Grocery-Anchored Center in Reno, Nevada

by Abby Cox

Reno, Nev. — Gantry has arranged a $17.8 million permanent loan to refinance North Reno Plaza, a 130,000-square-foot neighborhood center in Reno. Tony Kaufmann and Alex Poulos of Gantry represented the borrower, a private real estate investor, in securing the five-year, fixed-rate loan through one of Gantry’s lenders, which features a 30-year amortization schedule. The new loan will retire the construction debt Gantry previously arranged for the borrower for the 2024 repositioning of North Reno Plaza. The recent renovation features various center improvements, including the addition of several new tenants such …

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Northpark-Village
Grocery-anchoredInvestment salesNewsTexas

Dunhill Partners Acquires Two Grocery-Anchored Shopping Centers Totaling 220,938 Square Feet in Texas

by Abby Cox

Lubbock and Brownwood, Texas — Dunhill Partners has acquired two grocery-anchored retail centers in Texas. Spanning 220,938 square feet, the portfolio includes Northpark Village in Lubbock and Commerce Square in Brownwood. Chris Gerard and Adam Howells of JLL represented the seller, Phillips Edison & Co., in the transaction. Anchored by United Supermarkets, Northpark Village totals 70,479 square feet across 5.5 acres. Commerce Square, which consists of 150,459 square feet, is anchored by Aldi and features a mix of other national tenants such as T.J. Maxx, Boot Barn, Harbor Freight, Buffalo …

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Pacific-Town-Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers $27 Million Sale of Pacific Town Center in Stockton, California

by Abby Cox

Stockton, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $27 million sale of Pacific Town Center, a newly remodeled, 142,957-square-foot shopping center located in Stockton. Smart & Final Extra!, Chuze Fitness and Ross Dress for Less anchor the center, which was fully leased at the time of sale. Additional tenants include Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental. Pacific Town Center was originally built in 2003 on roughly 10 acres. Sean Cox and Kevin Fryman of Hanley represented the seller, …

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Bristol-Plaza
ConnecticutGrocery-anchoredInvestment salesNews

Sterling Organization Buys 263,829-Square-Foot Grocery-Anchored Center in Bristol, Connecticut, for $44.4 Million

by Abby Cox

Bristol, Conn. — Sterling Organization has acquired Bristol Plaza, a 263,829-square-foot grocery-anchored shopping center located in Bristol, approximately 20 miles southwest of Hartford, for $44.4 million. Bristol Plaza was 93.1 percent occupied at the time of sale to tenants including a Stop & Shop supermarket, T.J. Maxx, Burlington, Dollar Tree and Starbucks Coffee. Chris Angelone, Zach Nitsche, Alex Quinn, Sam Wiesman and Henry Schaffer of JLL’s Investment Sales and Advisory team represented the seller, Federal Realty Investment Trust, in the transaction.

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Lake-Meadows
Grocery-anchoredIllinoisInvestment salesNews

NewMark Merrill Cos. Acquires 179,106-Square-Foot Lake Meadows Shopping Center in Chicago

by Abby Cox

Chicago —NewMark Merrill Cos. has acquired Lake Meadows Shopping Center, a 179,106-square-foot retail center in Chicago. Jewel-Osco anchors the center, which was 85 percent leased at the time of sale. Additional tenants include LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill will upgrade the property with new signage, lighting and gathering spaces. The firm also has plans to promote the center’s businesses and operators by hosting events for the neighborhood. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello internally represented NewMark Merrill in the transaction. …

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Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 114,099-Square-Foot Beltway South Retail Center in Houston

by Abby Cox

Houston — ShopOne Centers, along with its joint venture partners Pantheon and a global institutional investor, has acquired Beltway South, a 114,099-square-foot retail property located in Houston. Kroger anchors the center, which features a mix of additional tenants including Petco, Cato Fashions, Subway and State Farm, as well as various local service providers and dining options. This transaction marks ShopOne’s first investment in Texas.

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Publix_NorthRiver_Rendering
DevelopmentFloridaGrocery-anchoredNews

Benderson to Open Two New Publix Super Markets in Florida

by Abby Cox

Venice and Naples, Fla. — Benderson Development will open two new Publix Super Markets in Florida. The stores will debut at North River Marketplace in Venice and Gateway Shoppes in Naples, both of which are owned by Benderson. The first property, North River Marketplace, is a new 51-acre ground-up development along the North River Road corridor, which will feature a mix of retail, restaurants and specialty services upon completion of the project. The second property, Gateway Shoppes, was originally built in 2008 and is currently under redevelopment, which includes the …

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Grocery-Outlet
CaliforniaGrocery-anchoredLeasingNewsUncategorized

Progressive Real Estate Signs 21,500-Square-Foot Anchor Lease in Rancho Cucamonga, California

by Abby Cox

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has signed a new anchor lease at an 80,000-square-foot neighborhood center located at the intersection of Baseline Road and Archibald Avenue in Rancho Cucamonga. Grocery Outlet will occupy 21,500 square feet on a 10-year lease, bringing the retail center to full occupancy. The Grocery Outlet store is scheduled to open in the fall of 2026. Additional tenants at the center include US Bank, Dairy Queen and Savers Value Village. Paul Su of Progressive marketed the property and represented the landlord in the …

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wolf-ranch-tj-maxx
Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires Two Retail Centers Totaling 1 Million Square Feet in Texas

by Abby Cox

Georgetown and Cedar Park, Texas — A joint venture between Toronto-based Oxford Properties and Oakbrook Terrace, Illinois-based Pine Tree has acquired two grocery-anchored centers in Texas. Spanning 1 million square feet, the portfolio includes Wolf Ranch Town Center in Georgetown and Lakeline Plaza in Cedar Park. The centers, which are both 99 percent occupied, are home to several national tenants such as Target, T.J. Maxx, Best Buy and Ulta Beauty. Wolf Ranch Town Center totals 633,000 square feet and features more than 80 retailers and restaurants. Lakeline Plaza, comprises 386,000 square …

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