Grocery-anchored

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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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Grocery-anchoredInvestment salesNewsNorth Carolina

Sigmund Cos. Acquires 84,373-Square-Foot Grocery-Anchored Center in Cary, North Carolina

by Abby Cox

Cary, N.C. — The Sigmund Cos. (TSC) has acquired Millpond Village, an 84,373-square-foot grocery-anchored center located in Cary, a suburb of Raleigh. TSC will operate the property as part of a joint venture with a Washington, D.C.-based institutional partner. Anchored by Publix, Millpond Village features other national tenants such as Dollar General and Starbucks. Berkeley Capital Advisors represented the seller in the transaction. CBRE will handle leasing at the center, while Cushman & Wakefield will provide management services.

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FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Negotiates Sale of 134,832-Square-Foot Grocery-Anchored Shopping Center in Boca Raton, Florida

by Abby Cox

Boca Raton, Fla. — Cushman & Wakefield has negotiated the sale of Polo Club Shops, a 134,832-square-foot neighborhood center located in Boca Raton. The center is anchored by Publix, which completed a full demolition and reconstruction of its store in 2022, expanding the property by an additional 48,387 square feet. Publix is operating with a new 20-year lease. Other tenants at Polo Club Shops include Beignets & Brews, Brendy’s Ice Cream, Ernie’s Açai Bowls, First Watch, Peak Beauty Studio, Manhattan Joe’s Pizzeria, Pet Supermarket and Phenix Salon Suites. Mark Gilbert, Adam …

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Company newsGrocery-anchoredNewsVirginia

Rappaport to Manage West Springfield Shopping Center in Metro Washington, D.C.

by Abby Cox

Springfield, Va. — Rappaport has been selected to provide property management services for Principal Asset Management’s West Springfield Shopping Center, an 86,000-square-foot grocery-anchored center located in Springfield, approximately 14 miles southwest of Washington, D.C. Rappaport already oversees leasing at the property, and also previously managed a redevelopment project at the center, which featured the relocation and ground-up construction of an Inova/GoHealth facility and consolidation of the new grocery anchor, Aldi. Additional tenants at West Springfield Shopping Center include Panera Bread, Chipotle Mexican Grill, Subway, Magic Cleaners, The UPS Store, Papa John’s …

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FinanceGrocery-anchoredKansasNews

JLL Arranges $25.5 Million in Refinancing for 140,806-Square-Foot Grocery-Anchored Shopping Center in Suburban Kansas City

by Abby Cox

Overland Park, Kan. — JLL Capital Markets has arranged $25.5 million for the refinancing of Overland Crossing, a 140,806-square-foot grocery-anchored center located in the Kansas City suburb of Overland Park. Tenants at the center, which is 94 percent occupied, include a newly constructed Whole Foods, Burlington Coat Factory, Nordstrom Rack and Five Below. The property also features three pad sites. Overland Crossing previously underwent an expansion and redevelopment in 2021, which included the addition of Whole Foods Market. Chris Gandy, Tom Gilliland and Michael Nieder of JLL secured the three-year, floating-rate …

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FloridaGrocery-anchoredInvestment salesNews

Benderson Development Acquires 216,692-Square-Foot Grocery-Anchored Center in Clearwater, Florida

by Abby Cox

Clearwater, Fla. — Benderson Development has acquired Clearwater Shoppes, a 216,692-square-foot shopping center located in Clearwater. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack. Seritage Growth Properties sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction.

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Grocery-anchoredInvestment salesMississippiNews

Legacy Realty Group Arranges Sale of 214,281-Square-Foot Westland Plaza in Jackson, Mississippi, for $11.8 Million

by Abby Cox

Jackson, Miss. — Legacy Realty Group Advisors has arranged the sale of Westland Plaza, a 214,281-square-foot shopping center located in Jackson, for $11.8 million. Grocery Depot anchors the property, which is also home to a mix of additional tenants including Planet Fitness, Family Dollar, Hibbett Sports, Rent-A-Center, Rainbow Shops and City Gear.  Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the transaction. Beezie Landry and Justin Langlois of Stirling Investment Advisors represented the seller.

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CaliforniaGrocery-anchoredInvestment salesNews

Space Investment Acquires Topanga Gateway in Woodland Hills, California, for $64 Million

by Abby Cox

Woodland Hills, Calif. — Space Investment Partners has acquired Topanga Gateway, a 123,402-square-foot grocery-anchored retail center located in Woodland Hills for $64 million. Built in 1963 and renovated in 2024, the open-air center was 97 percent leased at the time of sale. Topanga Gateway is home to several tenants including Ralphs, The Container Store, Petco, Chipotle Mexican Grill, Baskin-Robbins, Noah’s NY Bagels and FedEx. Eastdil Secured represented the buyer and the seller, a private investor, in the transaction.  The purchase of Topanga Gateway follows Space Investment’s $118.5 million acquisition of Fullerton …

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FinanceGrocery-anchoredNewsTexas

Gantry Arranges $10 Million in Refinancing for Metroplex Plaza in Irving, Texas

by Abby Cox

Irving, Texas — Gantry has arranged a $10 million permanent loan to refinance Metroplex Plaza, a 105,000-square-foot, grocery-anchored retail center located in Irving. Mark Ritchie and Austin Ridge of Gantry secured the 10-year, fixed-rate loan through one of Gantry’s life insurance lenders, which features a 30-year amortization schedule. Gantry will service the loan. Metroplex Plaza has recently completed a repositioning centered around the opening of a new Joe V’s Smart Shop location, an HEB low-price grocery store concept. Additional tenants at the property include a mix of restaurant and service-based …

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Old Lyme Marketplace
ConnecticutGrocery-anchoredInvestment salesNews

Joint Venture Acquires 102,500-Square-Foot Old Lyme Marketplace in Connecticut

by Abby Cox

Old Lyme, Conn. — A joint venture between Zelco Properties & Development, Grossman Development Group and The McDevitt Co. has acquired Old Lyme Marketplace, a 102,500-square-foot community shopping center in Old Lyme, approximately 40 miles southeast of Hartford. Big Y Supermarket anchors the property, which features a mix of additional tenants including Walgreens, Grand Wine & Spirits and The Bowerbird gift shop. With the acquisition, the joint venture plans to renovate the property with aesthetic enhancements and targeted leasing initiatives. The center was originally built in 1959 on nearly 24 acres, …

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