Grocery-anchored

Hylo-Park-South-NLV-NV
DevelopmentGrocery-anchoredMixed-useNevadaNews

Agora Realty Breaks Ground on $375 Million Final Phase of Mixed-Use Entertainment Project in North Las Vegas

by Abby Cox

North Las Vegas, Nev. — Agora Realty has broken ground on the third and final phase of Hylo Park, a 73-acre mixed-use entertainment project in North Las Vegas. Upon completion, the $375 million, 25-acre final phase will include a 250,000-square-foot multi-sport indoor field house; an existing multi-sport arena; outdoor public space; a community field; shops and restaurants; a family entertainment center; and a 177-key Hilton Embassy Suites hotel. Completion is slated for late 2027. Additional phases of the development include Hylo Park South, a 90,750-square-foot grocery-anchored retail center that was completed …

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Airpark-Plaza_Miami_Publix
FloridaGrocery-anchoredInvestment salesNews

First Washington Realty Sells Two Miami Shopping Centers to Publix Super Markets

by Abby Cox

Miami — First Washington Realty (FWR), a shopping center owner-operator based in Bethesda, Maryland, has sold two Publix-anchored shopping centers in Miami to Publix Super Markets Inc. The sales price was not disclosed. The properties include Airpark Plaza, a 171,443-square-foot shopping center near Miami International Airport at 5715 N.W. 7th St.; and The Shoppes at Quail Roost, a 73,550-square-foot center located at 20201 S.W. 127th Ave. on the city’s south side. Both properties were fully leased at the time of sale.

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Publix
DevelopmentGrocery-anchoredNewsNorth Carolina

Pappas Properties Breaks Ground on Publix-Anchored Retail Center in Metro Charlotte

by Abby Cox

Matthews, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus located roughly 11 miles southeast of Uptown Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The …

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Doral-Atrium-Walmart_Miami
DevelopmentFloridaGrocery-anchoredNews

Walmart to Open 40,344-Square-Foot Grocery Store in Metro Miami

by Abby Cox

Doral, Fla. — Terra has signed Walmart to a 40,344-square-foot retail lease at Doral Atrium, a 78,000-square-foot lifestyle development in Doral, a western suburb of Miami. Construction on the space, which will be occupied by Walmart Neighborhood Market, is expected to begin this fall with completion anticipated for 2027. Other committed tenants at Doral Atrium include PNC Bank, Bonchon Chicken, Sushi Mas, Tremble Pilates and The Good Feet Store. Jonathan Carter and Pablo Camposano of Colliers are handling the leasing assignment at the retail center.

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Lakeway Commons
Company newsGrocery-anchoredMassachusettsNewsTexas

Centennial Selected to Manage Two Grocery-Anchored Centers in Texas, Massachusetts

by Abby Cox

Austin, Texas and Shrewsbury, Mass. — Centennial has been selected to provide management services for two grocery-anchored centers: Casis Village in Austin, Texas, and Lakeway Commons in Shrewsbury, Massachusetts. Randalls anchors Casis Village, a 48,500-square-foot center located in the Tarrytown neighborhood of Austin. Other tenants at the property include Tarrytown Pharmacy, Starbucks Coffee and Estilo. Lakewood Commons is a 100,000-square-foot retail center that is anchored by a 50,000-square-foot Whole Foods Market. A mix of dining and service-oriented tenants, such as Starbucks Coffee, Tavern in the Square and Burtons Grill, are …

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Marigold Shopping Center
CaliforniaGrocery-anchoredInvestment salesNews

Nuveen Real Estate Acquires Marigold Center in San Luis Obispo, California, for $58.3 Million

by Abby Cox

San Luis Obispo, Calif. — Nuveen Real Estate has acquired Marigold Center, a 174,428-square-foot shopping center located at 3900 Broad St. in San Luis Obispo, for $58.3 million. Gleb Lvovich, Geoff Tranchina, Daniel Tyner and Eric Kathrein of JLL represented the seller, First Washington Realty, in the transaction. Vons anchors Marigold Center, which was 91.5 percent leased at the time of sale. Additional tenants at the property include CVS Pharmacy and Planet Fitness, as well as a mix of sporting goods, restaurant, medical and service-oriented tenants. The center sits on …

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Pavilions Marketplace
CaliforniaGrocery-anchoredInvestment salesNews

Sterling Organization Purchases Grocery-Anchored Center in West Hollywood, California

by Abby Cox

West Hollywood, Calif. — Sterling Organization has purchased Pavilions Marketplace, a 69,622-square-foot retail center located in West Hollywood. The acquisition was made on behalf of Sterling’s institutional value-add fund, Sterling Value Add Partners IV, marking the fund’s 11th investment. Pavilions, an upscale supermarket owned by Albertsons Cos., anchors the center, which was 89 percent leased at the time of sale. Other tenants at the property include Chase Bank, Insomnia Cookies and Nothing Bundt Cakes.

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1045-1099-E-Main-St-El-Cajon-CA
CaliforniaGrocery-anchoredInvestment salesNews

DPI Retail Sells Main Street Marketplace in El Cajon, California, for $17.5 Million

by Abby Cox

El Cajon, Calif. — DPI Retail has sold Main Street Marketplace, a grocery-anchored shopping center in El Cajon, located in San Diego County, for $17.5 million. The buyer, an entity doing business as First Corner LLC, is the owner of Manolo Farmers Market, which has anchored the property since 1988. Enrique Wong of Marcus & Millichap, along with Tom Lagos, Patrick Toomey and Jose Carrazana of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller in the deal. Built in 1979 at 1045-1099 E. Main St., Main …

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Liberty-Corners
Grocery-anchoredInvestment salesMissouriNews

Newmark Brokers $20 Million Sale of Grocery-Anchored Retail Center in Metro Kansas City, Missouri

by Abby Cox

Liberty, Mo. — Newmark has brokered the $20 million sale of Liberty Corners, a 125,000-square-foot shopping center located in the Kansas City suburb of Liberty. The property is anchored by a 56,000-square-foot Price Choppers, which has been a tenant at the property since 1986. Price Chopper is extending its lease through 2037 and will be investing approximately $6.5 million to remodel its store. Additional tenants include Dollar Tree and Chipotle Mexican Grill. Conor Lalor, Keely Polczynski, Tim McKay, Brian Schneiderman and Tim McKay of Newmark represented the seller, Brixmor Property Group, …

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Coral-Hills
Grocery-anchoredInvestment salesMarylandNews

IPA Negotiates Sale of 85,514-Square-Foot Shopping Center Near Washington, D.C

by Abby Cox

Capitol Heights, Md. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Coral Hills, an 85,514-square-foot shopping center located in Capitol Heights, roughly 10 miles from downtown D.C. David Crotts and Dean Zang of IPA represented the seller, a national investment management company, and procured the undisclosed buyer. The sales price was not disclosed. Jared Cassidy of Marcus & Millichap Capital Corp. arranged the financing through an international bank on behalf of the buyer. International grocer New Grand Mart will replace the former …

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