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Grocery-anchored

Hazlet Town Center
Grocery-anchoredInvestment salesNew JerseyNews

CBRE Arranges $44 Million Sale of Shopping Center in Hazlet, New Jersey

by Abby Cox

Hazlet, N.J. — CBRE has arranged the $44 million sale of Hazlet Town Center, a 190,000-square-foot shopping center located in Hazlet, approximately 40 miles outside New York City. The center — which is anchored by ALDI — was 90 percent leased to tenants including Burlington and Urban Air at the time of sale. The center also features a Wawa outparcel, which was not included in the sale. Jeffrey Dunne, David Gavin and Travis Langer of CBRE  represented the seller, OASG Hazlet LLC, an affiliate of Onyx Equities, in the 1031-exchange transaction. …

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Lone Oak Shopping Center
Grocery-anchoredInvestment salesNewsTexas

Sembler Company, Forge Capital Partners Acquire 104,485-Square-Foot Retail Center in San Antonio

by Abby Cox

San Antonio — The Sembler Co. and Forge Capital Partners have acquired Lone Oak Shopping Center, a 104,485-square-foot retail center located in San Antonio. The partnership purchased the property for an undisclosed price through its Forge Real Estate Partners V (FREP) investment fund. The retail center — which was fully leased at the time of sale — is anchored by an H-E-B grocery store. Additional tenants at the property include Citi Trends, Hibbett Sports, The Smile Center, H&R Block, Metro by T-Mobile, Little Caesars and Ace Cash Express. Sembler Co. …

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Village North
DevelopmentGrocery-anchoredNewsOhio

Partnership Breaks Ground on 90,000-Square-Foot Retail Development in Metro Cincinnati

by Abby Cox

West Chester Township, Ohio — A partnership between Sansone Group and Clous Road Partners has broken ground on Village North, a 90,000-square-foot retail project in West Chester Township, approximately 17 miles north of Cincinnati. Upon completion, the 12.6-acre development will feature five buildings and be anchored by a 40,000-square-foot Whole Foods Market. Buffalo Construction is serving as the general contractor, and Cushman & Wakefield will manage leasing for the project. Village North is scheduled to open in 2026.

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Independence Square
Grocery-anchoredInvestment salesNewsTexas

JLL Facilitates Sale of 140,218-Square-Foot Retail Property in Plano, Texas

by Abby Cox

Plano, Texas — JLL Capital Markets has facilitated the sale of Independence Square, a 140,218-square-foot retail property located in Plano. Situated on 13.8 acres, the center was built in 1977 and renovated in 2005. The property — which was 93 percent leased at the time of sale — is anchored by Tom Thumb. Additional tenants at the center include Anytime Fitness, Oscar Nail Lounge, Kids B Kids and Jersey Mike’s. Chris Gerard, Erin Lazarus, Barry Brown and Adam Howells of JLL Capital Markets Investment Sales and Advisory team represented the …

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Wareham Marketplace
Grocery-anchoredInvestment salesMassachusettsNews

Horvath & Tremblay Arranges $6.8 Million Sale of Retail Center in Wareham, Massachusetts

by Abby Cox

Wareham, Mass. — Horvath & Tremblay have arranged the $6.8 million sale of Wareham Marketplace, a two-center retail property located in Wareham, roughly 45 miles east of Providence. Aldi anchors a 29,910-square-foot strip center that includes tenants Dollar Tree and Kadrmas Eye Care of New England. An additional 5,337-square-foot strip includes tenants UPS, Jersey Mike’s, Mimi’s Nails and Glow Tanning. The center also features three freestanding retailers — AutoZone, Wendy’s and Mattress Firm — that were not included in the transaction. Bob Horvath and Todd Tremblay represented the seller and …

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Lucas, Texas
DevelopmentGrocery-anchoredNewsTexas

Younger Partners Brokers Sale of 42-Acre Site in Lucas, Texas

by Abby Cox

Lucas, Texas — Younger Partners has brokered the sale of a 42-acre parcel of land in Lucas, roughly 30 miles northeast of Dallas, to Lucas Crossing Ltd., an affiliate of Dallas-based Malouf Interests. According to Younger Partners, the buyer intends to develop a 130,000-square-foot grocery-anchored shopping center, a 25,000-square-foot restaurant village with 15 adjacent pad sites and a community park on the site. Construction for the project is scheduled to begin in the fourth quarter of 2025, with completion anticipated for 2026. Michael Ytem and Tom Grunnah of Younger Partners represented …

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James Center
FinanceGrocery-anchoredNewsWashington

Gantry Arranges $21.4 Million Loan for Retail Center in Tacoma, Washington

by Abby Cox

Tacoma, Wash. — Gantry has arranged a $21.4 million mortgage for the sale of James Center, a 140,240-square-foot retail center located in Tacoma. The loan, which carries a fixed-rate 10-year term with a 30-year amortization schedule, was funded by a life insurance company. Gantry will service the loan. The property was purchased by a partnership affiliate of Bellevue, Washington-based Rosen Harbottle Commercial Real Estate. Situated on roughly 16 acres, James Center is grocery-anchored by Fred Meyer. Additional tenants at the center include Rite Aid, U.S. Bank, IHOP, Taco Bell, MultiCare …

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Galt Ocean Marketplace
FloridaGrocery-anchoredInvestment salesNews

Gazit Horizons Acquires Retail Center for $35.4 Million in Fort Lauderdale, Florida

by Abby Cox

Fort Lauderdale, Fla. — Miami-based Gazit Horizons Inc. has acquired Galt Ocean Marketplace, a 105,589-square-foot retail center located in the Galt Ocean Mile neighborhood of Fort Lauderdale, for $35.4 million. The property — which was 96 percent leased at the time of sale — is anchored by Winn-Dixie. Additional tenants at the center include CVS Pharmacy, Holy Cross Hospital, McDonald’s, Flagstar Bank and Sherwin-Williams. The acquisition of Galt Ocean Marketplace joins Gazit Horizons’ portfolio of Florida properties, including luxury residential towers AER Tampa and Maizon Brickell in Miami.

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Grocery-anchoredLeasingNewsSouth Carolina

Morgan Companies to Develop Publix-Anchored Shopping Center in Florence, South Carolina

by Abby Cox

Florence, S.C. — The Morgan Cos. will develop a grocery-anchored shopping center in Florence, dubbed Palmetto Place. Publix has signed a lease for a 47,000-square-foot space to anchor the project. An additional 18,050 square feet of retail space will be available, as well as several outparcels for future retail development. Wes Thurmond and Robey Spratt of Atlantic Retail Properties will serve as the leasing agents for the project. Morgan Cos. will close on the land acquisition for the shopping center in the coming months, with plans to begin construction later …

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Cain Creek Shopping Center
Grocery-anchoredInvestment salesNewsVirginia

Legacy Realty Group Brokers Sale of 59,410-Square-Foot Shopping Center in Danville, Virginia

by Abby Cox

Danville, Va. — Legacy Realty Group Advisors has brokered the sale of Cain Creek Shopping Center, a 59,410-square-foot shopping center located in Danville. Food Lion anchors the center. Additional tenants at the property feature a mix of retail stores, restaurants and businesses, including Family Dollar, Danville Dental, Fabulous Beauty Supply and Isabel’s Pizza Pasta & Subs. Jacob Baruch of Legacy Realty Group Advisors represented both the buyer and seller, an affiliate of Fayetteville, Arkansas-based Core Equity Partners, in the off-market transaction.

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