Grocery-anchored

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Company newsGrocery-anchoredInvestment salesNew YorkNews

PSP Investments, Nuveen Launch $790 Million Grocery-Anchored Retail Joint Venture

by Abby Cox

Montréal and New York City — The Public Sector Pension Investment Board (PSP Investments), a pension fund investor based in Montreal, and Nuveen Real Estate, one of the largest investment managers in the world, have launched a joint venture with an initial investment of $790 million to acquire open-air shopping centers across the United States. To date, PSP and Nuveen have closed on 3 million square feet across 19 assets in Arizona, California, Colorado, Florida, Minnesota, Texas, Virginia and Washington.    The investment strategy is demographically driven, focusing on open-air shopping …

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Brookside Marketplace
ArizonaConnecticutGeorgiaGrocery-anchoredIllinoisInvestment salesMissouriNew JerseyNewsNorth CarolinaSouth CarolinaVirginia

Pine Tree Acquires Sponsor Interest in 10-Property Retail Portfolio Valued at $644 Million

by Abby Cox

Chicago — Chicago-based Pine Tree, a national owner and operator of open-air shopping centers, has acquired a sponsor interest in a 10-property retail portfolio valued at $644 million. The interest was acquired from SITE Centers in partnership with an undisclosed, large international investor. Spanning nine states, the portfolio comprises 3.5 million square feet and features a mix of tenants such as Target, Sam’s Club, Publix, ALDI, Sprouts Farmers Market, Food Lion, The Fresh Market, Lowe’s, Dick’s Sporting Goods, Best Buy, Marshalls, HomeGoods and Ross Dress for Less, among others. The portfolio …

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Rice Lake Square
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Negotiates $52.8 Million Sale of 244,924-Square-Foot Grocery-Anchored Center in Metro Chicago

by Abby Cox

Wheaton, Ill. — Mid-America Real Estate Corp. has negotiated the $52.8 million sale of Rice Lake Square, a 244,924-square-foot neighborhood center located in Wheaton, approximately 25 miles west of downtown Chicago. Pete’s Fresh Market anchors the property, which features a mix of additional tenants such as PetSmart, Massage Envy, Pure Barre, Xfinity, Potbelly, 7Brew and Taco Bell, among others. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Core Acquisitions, in the transaction. The property was acquired by Phillips Edison Co.

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Strong Station
AlabamaGrocery-anchoredInvestment salesNews

Northmarq Arranges $20 Million in Refinancing for Two Grocery-Anchored Retail Centers in Alabama

by Abby Cox

Madison and Hoover, Ala. — Northmarq has arranged a $20.1 million loan to refinance two retail centers in Alabama totaling 133,939 square feet: Strong Station in Madison and The Crossings at Hoover in Hoover. Randy Wolfe and Josh Darby of Northmarq arranged the floating-rate loan through a regional bank on behalf of the borrower, Livingston Properties. The first property, Strong Station, totals 95,940 square feet and is anchored by Sprouts Farmers Market. Other tenants at the center include Hobby Lobby and Another Broken Egg Café. Built in 2015, The Crossings at Hoover was …

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Walnut-Square
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Negotiates $18.2 Million Sale of Grocery-Anchored Center in North Georgia

by Abby Cox

Dalton, Ga. — Atlantic Capital Partners has negotiated the $18.2 million sale of Walnut Square, a 127,391-square-foot shopping center located in Dalton, a city in north Georgia near the Tennessee border. Food City anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Ross Dress for Less, Ulta Beauty, PetSmart, Bath & Body Works, AT&T, Kay Jewelers and Crumbl Cookies. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Austin of Atlantic Capital represented the seller, an affiliate of Net Lease Alliance, in the transaction. The …

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The-Hills-Village-Center
Grocery-anchoredInvestment salesNew JerseyNews

Asana Partners Acquires 110,000-Square-Foot Grocery-Anchored Center in Bedminster, New Jersey

by Abby Cox

Bedminster, N.J. — Asana Partners has acquired The Hills Village Center, a 110,000-square-foot grocery-anchored center located in Bedminster, roughly 40 miles west of Manhattan. Jose Cruz, Kevin O’Hearn, J.B. Bruno and Cole Doyon of JLL represented the seller, Lena Centers, a Longpoint Partners subsidiary, in the transaction. The fully leased property features a mix of tenants including Kings Food Markets, CVS Pharmacy, Starbucks Coffee, PNC Bank and Peapack Gladstone Bank, as well as various dining establishments and service-oriented retailers.

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Keene Plaza
FloridaGrocery-anchoredInvestment salesNews

MCB Real Estate Acquires 81,272-Square-Foot Grocery-Anchored Center in Largo, Florida

by Abby Cox

Largo, Fla. — MCB Real Estate has acquired Keene Plaza, an 81,272-square-foot shopping center located at 2150 East Bay Drive in Largo, roughly 23 miles northeast of Tampa. Sprouts Farmers Market and BioLife Plasma Services anchor the retail property, which features a mix of additional tenants such as McDonald’s, Little Caesars, Dollar General, Hibachi Express, The Corner Skillet and Corner Wash Laundry. Renovated in 2025, recent improvements at the center include fresh building façades, resurfaced parking facilities, enhanced lighting, modernized retail suite interiors, updated mechanical systems and new roof installations.

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DevelopmentGrocery-anchoredKentuckyNews

Midland Atlantic Properties Underway on Grocery-Anchored Retail Property Development in Hebron, Kentucky 

by Abby Cox

Hebron, Ky. — Midland Atlantic Properties is underway on construction of The Shoppes at Hebron Pointe, a 93,875-square-foot retail property located at the corner of Graves Road and Worldwide Boulevard in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. Publix Super Market will anchor the property. Other tenants will include Marshalls and Five Below, along with additional national and regional retailers. Further details onf the development were not disclosed.

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Midtown64
Grocery-anchoredLeasingMixed-useNewsVirginia

Greenberg Gibbons Signs Two New Anchor Tenants at $500 Million Mixed-Use Project in Richmond, Virginia

by Abby Cox

Richmond, Va. — Greenberg Gibbons has signed two new anchor tenants at Midtown64, a planned 64-acre mixed-use project in Richmond. The first phase of the $500 million development, which includes the project’s retail component, is expected to be completed in 2028. Trader Joe’s and Onelife Fitness will add approximately 130,000 square feet of leased space at Midtown 64. Onelife Fitness, which will occupy 65,000 square feet across two levels, will feature a turf training area, an indoor saltwater swimming pool, a kid’s club, recovery suite and spa-inspired locker rooms, as well …

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Springfield Crossing
Grocery-anchoredInvestment salesMassachusettsNews

Atlantic Capital Partners Arranges $35.3 Million Sale of Two Anchor Boxes in Springfield, Massachusetts

by Abby Cox

Springfield, Mass. — Atlantic Capital Partners has arranged the $35.3 million sale of two newly constructed anchor boxes located within Springfield Crossing in the Western Massachusetts city of Springfield. The two buildings, which are leased to BJ’s Wholesale Club and Hobby Lobby, total 159,344 square feet. Springfield Crossing, a 228,756-square-foot open-air center, features a mix of additional tenants including PetSmart, La-Z-Boy, Chick-fil-A, Chipotle Mexican Grill, Chase Bank, Carter’s and Skechers. Transformed from the former Eastfield Mall, Springfield Crossing is currently 99 percent occupied. Justin Smith, Chris Peterson, Danielle Turpin, Matt Ericson …

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