Grocery-anchored

Promenade-Shopping-Plaza
FloridaGrocery-anchoredInvestment salesNews

Mount Vernon Co. Acquires 207,877-Square-Foot Publix-Anchored Center in Palm Beach Gardens, Florida, for $67 Million

by Abby Cox

Palm Beach Gardens, Fla. — Boston-based Mount Vernon Co. has acquired Promenade Shopping Plaza, a 207,877-square-foot Publix-anchored center located in Palm Beach Gardens, a city in South Florida’s Palm Beach County. The South Florida Business Journal reports the sales price as $67 million. Built in 1989, Promenade Shopping Plaza is situated on nearly 23 acres and was 98 percent occupied at the time of sale. The property features a completely rebuilt 54,964-square-foot Publix prototype store that reopened in May 2025 after the former 42,450-square-foot store was demolished. Additional tenants at the …

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Main-Ave-Shopping-Plaza
ConnecticutGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 156,568-Square-Foot Grocery-Anchored Center in Coastal Connecticut

by Abby Cox

Norwalk, Conn. — JLL Capital Markets has arranged the sale of Main Avenue Shopping Center, a 156,568-square-foot retail property located in the southern coastal Connecticut city of Norwalk. J.B. Bruno, Kevin O’Hearn and Jose Cruz of JLL represented the seller, The Prusik Group LLC, in the transaction. Originally built in 1996 on roughly 16.3 acres, Main Avenue Shopping Center was fully leased at the time of sale. A 71,878-square-foot Stop & Shop anchors the property, which features additional tenants such as Total Wine & More, Hobby Lobby and Burger King.

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The Shoppes at Chino Hills
CaliforniaGrocery-anchoredInvestment salesNews

Stockdale Capital Partners, Hamilton Lane Acquire Southern California Shopping Center for $157 Million

by Abby Cox

Chino Hills, Calif. — Stockdale Capital Partners and funds managed by Hamilton Lane have acquired The Shoppes at Chino Hills, a 378,140-square-foot open-air regional lifestyle center located in the Inland Empire city of Chino Hills. Originally developed in 2008, The Shoppes at Chino Hills is anchored by Trader Joe’s and Barnes & Noble. Other retailers and restaurants at the property include Old Navy, Sephora, Victoria’s Secret, Bath & Body Works, P.F. Chang’s, California Pizza Kitchen and Chipotle Mexican Grill, among others. Stockdale plans to rename the property The Shops at Chino …

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Village Crossing
FinanceGrocery-anchoredIllinoisNews

Draper and Kramer Arranges $99.5 Million in Acquisition Financing for Retail Center in Metro Chicago

by Abby Cox

Skokie, Ill. — Draper and Kramer Inc. has arranged a $99.5 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot retail center located in Skokie, approximately 15 miles northwest of downtown Chicago. Built in 1988, the grocery-anchored property is home to tenants including Jewel-Osco, AMC Theatres, Best Buy, PetSmart, Barnes & Noble, Ulta Beauty, Five Below and DICK’s Sporting Goods, among others. In addition to facilitating the acquisition, the loan will also fund tenant improvement and leasing commission costs at the property.

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Stop-and-Shop
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $17.3 Million Sale of Single-Tenant Retail Property Near Hartford, Connecticut

by Abby Cox

Simsbury, Conn. — CBRE has arranged the $17.3 million sale of a single-tenant retail property located in Simsbury, approximately 11 miles northwest of Hartford. Stop & Shop anchors the 69,948-square-foot building and is situated within Simsbury Commons, a 256,804-square-foot retail center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Primex Capital, and procured the buyer, in the transaction. Other tenants at Simsbury Commons include Walgreens, Raising Cane’s and Apple Cinemas.

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1525-W-Michigan-Ave-Battle-Creek-MI-2
Grocery-anchoredInvestment salesMichiganNews

Legacy Realty Brokers $4.6 Million Sale of 111,935-Square-Foot Grocery-Anchored Center in Southwest Michigan

by Abby Cox

Battle Creek, Mich. — Legacy Realty Group Advisors has brokered the $4.6 million sale of Urbandale Plaza, a 111,935-square-foot retail center located in the Southwest Michigan city of Battle Creek, approximately 25 miles east of Kalamazoo. Family Fare anchors the center, which features other tenants such as Dollar Tree. Jacob Baruch and Jonah Warshaw of Legacy Realty represented the buyer, a private investor, in the transaction. The seller was also a private investor.

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The-Village-at-Waugh-Chapel
Grocery-anchoredLeasingMarylandNews

Urban Edge Signs Four New Tenants at The Village at Waugh Chapel in Central Maryland

by Abby Cox

Gambrills, Md. — Urban Edge Properties has signed leases with four new tenants at The Village at Waugh Chapel, a 382,000-square-foot shopping center located in the Central Maryland city of Gambrills, roughly 11 miles west of Annapolis. Totaling more than 23,000 square feet, the new tenants include J.Crew Factory (5,115 square feet), Miniso (8,581 square feet), Quickway Hibachi (2,307 square feet) and Wonder (7,788 square feet). Other tenants at The Village at Waugh Chapel, which is anchored by Safeway, include HomeGoods, T.J. Maxx, LA Fitness, Marshalls, Chick-fil-A and Newk’s Eatery. Tenants …

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Cross-County-Plaza
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Brokers $48.2 Million Sale of Publix-Anchored Center in Columbus, Georgia

by Abby Cox

Columbus, Ga. — Atlantic Capital Partners has brokered the $48.2 million sale of Cross Country Plaza, a 304,735-square-foot shopping center located in Columbus. Anchored by Publix, the property was 95 percent leased at the time of sale. Other tenants include T.J. Maxx, Burlington and 2nd & Charles. Fred Victor of Atlantic Capital Partners represented the seller, Hackney Real Estate, in the transaction. The buyer was Brasswater, a Canadian-based real estate development and investment firm headquartered in Montreal, Quebec.

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Bloomingdale-Plaza
Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Arranges $11.5 Million Sale of Grocery-Anchored Retail Strip Center in Metro Chicago

by Abby Cox

Glendale Heights, Ill. — Marcus & Millichap has arranged the $11.5 million sale of Bloomingdale Plaza, a 46,353-square-foot retail strip center located in Glendale Heights, approximately 23 miles west of downtown Chicago. Aldi anchors the 15-suite property, which was fully leased at the time of sale. Additional tenants include Boost Mobile and Glendale Medical, both of which have occupied the center for more than 17 years. The property also features a two-tenant outparcel anchored by Starbucks. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf …

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Sprouts-HQ-Phoenix-AZ
ArizonaDevelopmentGrocery-anchoredMixed-useNews

Trammell Crow Co. Completes 181,000-Square-Foot Mixed-Use Project in Phoenix

by Abby Cox

Phoenix — Trammell Crow Co. has completed the development of an 8-acre, 181,000-square-foot mixed-used development in Phoenix. Project partners include U.S. Realty Advisors, RSP Architects, Wespac Construction, Keyser and JLL. The development features a 145,000-square-foot office building serving as Sprouts Farmers Market’s corporate headquarters, a 25,000-square-foot flagship Sprouts grocery store and approximately 11,000 square feet of retail space. The grocery store opened to the public on July 24, and the headquarters office building is complete and ready for occupancy. Located within the CityNorth development near 56th Street and Loop 101, the …

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