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Grocery-anchored

Deerbrook-Shopping-Center
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers Sale of 428,612-Square-Foot Deerbrook Shopping Center in Metro Chicago

by Abby Cox

Deerfield, Ill. — Mid-America Real Estate Corp. has brokered the sale of Deerbrook Shopping Center, a 428,612-square-foot open-air center located in Deerfield, approximately 28 miles north of downtown Chicago. The purchase price was $44 million, according to several media sources. The property spans 47.5 acres and is anchored by Jewel-Osco. Additional tenants include Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks Coffee, Panera Bread, Noodles & Co., Sleep Number, City BBQ, Mattress Firm and Subway. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, a global investment advisor, …

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Five-Points-Plaza-Riverside-CA
CaliforniaGrocery-anchoredInvestment salesNews

Longpoint Acquires 129,699-Square-Foot Five Points Plaza in Riverside, California, for $31 Million

by Abby Cox

Riverside, Calif. — Longpoint has acquired Five Points Plaza, a 129,699-square-foot retail center located in Riverside, for $31 million. Stater Bros. anchors the property, which features a mix of additional tenants including Del Taco, Jack in the Box and Dollar Tree. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the buyer in the transaction. The seller was a private family who is the original developer of the center.

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East Park Plaza
Grocery-anchoredInvestment salesNebraskaNews

Mid-America Arranges Sale of 214,029-Square-Foot Shopping Center in Lincoln, Nebraska

by Abby Cox

Lincoln, Neb. — Mid-America Real Estate Corp. has arranged the sale of East Park Plaza, a 214,029-square-foot shopping center located in Lincoln. A freestanding Russ’s Market anchors the property. Other tenants include Famous Footwear and Marcus Theatres. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, Starwood Property Trust, in the transaction. Broad Reach Retail Partners was the buyer.

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DevelopmentFloridaGrocery-anchoredNews

GBT Realty to Develop Sprouts Farmers Market-Anchored Center in New Smyrna Beach, Florida

by Abby Cox

New Smyrna Beach, Fla. — GBT Realty Corp. has unveiled plans to develop Shops at New Smyrna, a 55,273-square-foot, grocery-anchored neighborhood shopping center located in New Smyrna Beach. Construction of the project is scheduled to begin in summer 2026, with completion set for summer 2027. A 23,273-square-foot Sprouts will anchor the development, which will also feature an additional 35,000 square feet of junior anchor and inline retail space across two buildings, as well as two one-acre outparcels. The tenant roster is expected to include fitness, restaurant and soft goods services, among …

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Queen Creek Crossing
ArizonaDevelopmentGrocery-anchoredNews

Vestar Completes 400,000-Square-Foot Queen Creek Crossing in Metro Phoenix 

by Abby Cox

Queen Creek, Ariz. — Vestar has completed Queen Creek Crossing, a 400,000-square-foot retail development located in Queen Creek, approximately 40 miles southeast of Phoenix. Costco anchors the property, which is fully leased. Other tenants include Ashley Furniture, Hobby Lobby, BJ’s Restaurant and Brewhouse, Ono Hawaiian BBQ, Smoothie King, Sleep Number, Fleet Feet, Well Groomed Pets, Desert Financial Credit Union, Natural Pediatrix, Gallery Nails and Snip-Its. Additionally, The Habit Burger and Grill is scheduled to debut in December, while U.S. Bank is expected to open in late 2026. The 31-acre development originally …

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Southbridge Marketplace
ArizonaDevelopmentGrocery-anchoredNews

Thompson Thrift, Forest Creek Ventures Break Ground on Second Phase of Southbridge Marketplace in Maricopa, Arizona

by Abby Cox

Maricopa, Ariz. — A partnership between Thompson Thrift and Forest Creek Ventures has broken ground on the second phase of Southbridge Marketplace in Maricopa. The 56,000-square-foot expansion will comprise a 21,000-square-foot Aldi, which will anchor the property. In addition to Aldi, the second phase will include 20,000 square feet of attached retail, along with 15,700 square feet of retail across four outparcels. Signed tenants include a drive-thru Panera Bread, Tropical Smoothie Café, Einstein Bros. Bagels, Club Pilates, European Wax Center and She Nail Lounge. Available spaces for lease include four …

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Ninety-Nine-Ave
ArizonaGrocery-anchoredInvestment salesNews

Phoenix Commercial Advisors Brokers $30.7 Million Sale of Sprouts Farmers Market-Anchored Retail Center

by Abby Cox

Phoenix — Phoenix Commercial Advisors has arranged the sale of Ninety Nine Ave, a 47,201-square-foot, grocery-anchored retail center in Phoenix. A private buyer acquired the property from the developer for $30.7 million in an all-cash transaction. Ninety Nine Ave was fully leased at the time of sale to a mix of tenants including Sprouts Farmers Market, CAVA, Hand & Stone and Mountain Mike’s Pizza. The property was newly constructed in 2024 on 5.3 acres, according to LoopNet. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the …

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Convery Plaza
Grocery-anchoredInvestment salesNew JerseyNews

Sterling Acquires 94,430-Square-Foot Grocery-Anchored Retail Center in Northern New Jersey

by Abby Cox

Perth Amboy, N.J. — Sterling Organization has acquired Convery Plaza, a 94,430-square-foot neighborhood shopping center located in the Northern New Jersey city of Perth Amboy, approximately 20 miles south of Newark. A ShopRite grocery store anchors the center, which features a mix of additional tenants such as H&R Block, Dunkin’, Taco Bell and Santander Bank.

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Wind-Point-shopping-center
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers Sale of 255,704-Square-Foot Wind Point Shopping Center in Batavia, Illinois

by Abby Cox

Batavia, Ill. — Mid-America Real Estate Corp. has brokered the sale of Wind Point Shopping Center, a 255,704-square-foot grocery-anchored shopping center located in Batavia, a western suburb of Chicago. Aldi anchors the property, which was 98.7 percent leased at the time of sale. Other tenants include Kohl’s, Hobby Lobby, Harbor Freight Tools, OfficeMax, HobbyTown, Pickled!, Petland and AT&T. Ben Wineman and Emily Gadomski of Mid-America Real Estate Corp. represented the seller, New Orleans-based PMAT Real Estate Investments. The center was acquired by Fayetteville, Arkansas-based Core Equity Partners.

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Plaza 44
FinanceGrocery-anchoredNew YorkNews

Basis Investment Group Provides $27.5 Million in Refinancing for Grocery-Anchored Shopping Center in Poughkeepsie, New York

by Abby Cox

Poughkeepsie, N.Y. — Basis Investment Group has provided a $27.5 million bridge loan to refinance the existing debt of Plaza 44, a 168,713-square-foot, grocery-anchored neighborhood shopping center located north of New York City in Poughkeepsie. Capstone Realty was the borrower. Stop & Shop anchors the property, which houses a mix of other tenants such as Ross Dress for Less, Dollar Tree and KeyBank, as well as additional local businesses. Capstone plans to renovate the center and market the property for sale in the next two years. 

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