Grocery-anchored

30252-Crown-Valley-Pkwy-Laguna-Niguel-CA
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $20.5 Million Sale of Crown Valley Mall Near Laguna Beach, California

by Abby Cox

Laguna Niguel, Calif. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a 62,627-square-foot, grocery-anchored retail center located near Laguna Beach. A private family, which had owned the property since it was originally built in 1969, sold the property to Charlotte, North Carolina-based Asana Partners. Tenants at Crown Valley Mall include Smart & Final, Baja Fish Tacos, Domino’s and Avis. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller and sourced the all-cash institutional buyer in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Highland-Village
Grocery-anchoredInvestment salesMississippiNews

Newmark Arranges Sale of Whole Foods-Anchored Shopping Center in Jackson, Mississippi

by Abby Cox

Jackson, Miss. — Newmark has arranged the sale of Highland Village, a 217,589-square-foot shopping center located at 4500 I-55 N. in Jackson. Mississippi’s only Whole Foods Market anchors the 14.5-acre property, which was originally developed in 1960 and redeveloped in 2017 by the seller, WS Development. Charlotte, North Carolina-based Asana Partners purchased the shopping center for an undisclosed price. Conor Lalor of Newmark represented the seller in the transaction. Highland Village was approximately 90 percent leased at the time of sale to tenants including Free People, Kendra Scott, lululemon and …

Continue Reading
0 FacebookTwitterLinkedinEmail
towne-crossing
Grocery-anchoredInvestment salesNewsTexas

DIG Arranges Sale of 167,957-Square-Foot, Kroger-Anchored Shopping Center in Metro Dallas

by Abby Cox

Mesquite, Texas — Disney Investment Group (DIG) has arranged the sale of Towne Crossing, a 167,957-square-foot shopping center located in Mesquite, roughly 15 miles east of Dallas. Kroger anchors the property, which was 92 percent leased at the time of sale to 30 additional tenants including WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz, among others. Kroger has operated at Towne Crossing since its opening in the early 1990s, and recently executed an early, long-term lease extension. David Disney and Adam Crockett of DIG represented the seller, Phillips …

Continue Reading
0 FacebookTwitterLinkedinEmail
Whole Foods Market
DevelopmentFloridaGrocery-anchoredNews

SJC Ventures Opens New Whole Foods Grocery Store at Doral Marketplace in Florida

by Abby Cox

Doral, Fla. — SJC Ventures has opened a 43,000-square-foot Whole Foods Market in Doral, a western suburb of Miami. The grocery store anchors Doral Marketplace, a nearly 90,000-square-foot shopping center, and includes 500 products from Florida-based suppliers. Additional tenants at Doral Marketplace include Shake Shack, J.Crew, First Watch, GoodVets, The Spot Barbershop, Pacific Dental, PNC Bank, Warby Parker, Tide Dry Cleaners, Ulta Beauty, Apizza Brooklyn Resto + Vino and Chick-fil-A. The design-build team for the Whole Foods store included architect Dynamik Design and general contractor Oak Construction.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceGrocery-anchoredNew YorkNews

Northmarq Arranges $13.5 Million in Financing for Strathmore Commons Mall in Middle Island, New York

by Abby Cox

Middle Island, N.Y. — Northmarq has arranged $13.5 million in financing for Strathmore Commons Mall, a 146,381-square-foot, grocery-anchored retail center located in Middle Island, roughly 65 miles east of Manhattan. Originally built in 1991, Strathmore Commons Mall features a mix of tenants including McDonald’s, Giunta’s Meat Farms, NYU Langone Health, Gold’s Gym, Subway, Dollar Tree and Carvel. Robert Delitsky and Dylan Hamer of Northmarq arranged the financing through WoodmenLife on behalf of the borrower and repeat client.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Shops-of-Uptown
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers $26 Million Sale of 70,144-Square-Foot, Grocery-Anchored Center in Metro Chicago

by Abby Cox

Park Ridge, Ill. — Mid-America Real Estate Corp. has brokered the sale of The Shops of Uptown, a 70,144-square-foot retail center located in Park Ridge, approximately 15 miles northwest of downtown Chicago. The purchase price was roughly $26 million, as reported by various media outlets. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Phillips Edison Co., in the transaction. The property was acquired by an institutional investment manager. Trader Joe’s anchors the center, which features a mix of additional tenants including Blufish, LensCrafters, Nothing Bundt Cakes, Pure Barre, Club Pilates, Orangetheory …

Continue Reading
0 FacebookTwitterLinkedinEmail
Retail_Village-at-Burlington-Creek
Grocery-anchoredInvestment salesMissouriNews

Gart Properties Acquires 158,000-Square-Foot, Grocery-Anchored Shopping Center in Kansas City, Missouri

by Abby Cox

Kansas City, Mo. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot shopping center located in Kansas City. Sprouts Farmers Market anchors the property, which was 83 percent leased at the time of sale. Other tenants include Orangetheory Fitness, Club Pilates, Caribou Coffee and Taco Bell, among others. Chris Robertson of Newmark Zimmer represented the buyer in the transaction. PNC Bank financed the acquisition. Inland Real Estate Income Trust was the seller.

Continue Reading
0 FacebookTwitterLinkedinEmail
Trader-Joes_Annapolis-Plaza
Grocery-anchoredInvestment salesMarylandNews

MCB Acquires Stake in Trader Joe’s-Anchored Shopping Center in Annapolis, Maryland

by Abby Cox

Annapolis, Md. — MCB Real Estate has purchased an ownership interest in Annapolis Plaza, a 165,565-square-foot shopping center located in Annapolis. An unnamed institutional partner of MCB will retain an ownership interest in the retail property, while MCB will oversee leasing strategy, asset management and property management at the center. The seller and sales price were not disclosed, as well as the percentage of the ownership stake. Annapolis Plaza’s tenant roster includes Trader Joe’s, Homesense, HomeGoods and Marshalls. World Market plans to open a new 16,818-square-foot store at the shopping …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lowes_Cadia-Village-Mooresville
DevelopmentGrocery-anchoredNewsNorth Carolina

Lowes Foods to Anchor Mixed-Use Project Near Charlotte, North Carolina

by Abby Cox

Mooresville, N.C. — Lowes Foods plans to anchor Cadia Village Mooresville, a mixed-use development underway in suburban Charlotte. The Winston-Salem-based grocer will open a 52,000-square-foot store that features various departments, including a craft brewery (The Beer Den), coffee shop (Boxcar Coffee) and bakery (The Cakery). The developer, Pappas Properties, plans to break ground on the new Lowes Foods store in the third quarter, aiming for delivery in 2027. Situated near Lake Norman, Cadia Village Mooresville will feature a retail center, offices, a community village green space, for-sale homes, active adult apartments …

Continue Reading
0 FacebookTwitterLinkedinEmail
Paris-Towne-Center
Grocery-anchoredInvestment salesNewsTexas

Culpepper Realty Sells 291,958-Square-Foot, Grocery-Anchored Retail Center in Northeast Texas

by Abby Cox

Paris, Texas — Culpepper Realty Co. has sold Paris Towne Center, a 291,958-square-foot, grocery-anchored shopping center located in the Northeast Texas city of Paris. Adam Howells and Erin Myer of JLL Capital Markets represented the seller in the transaction. The buyer was Corsair Property Co. Built in 1976, Paris Towne Center was 96 percent occupied at the time of sale. Tenants include Aldi, Hobby Lobby, Ross Dress for Less, T.J. Maxx, Five Below, Ulta Beauty and Bath & Body Works.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts