Grocery-anchored

potomac-place-shopping-center
FinanceGrocery-anchoredMarylandNews

Northmarq Arranges $50.8 Million in Financing for Grocery-Anchored Retail Property in Metro Washington, D.C.

by Abby Cox

Potomac, Md. — Northmarq has arranged $50.8 million in permanent, fixed-rate financing for Potomac Place Shopping Center, an 80,040-square-foot retail property located in Potomac, roughly 15 miles northwest of downtown Washington, D.C. Originally constructed in 1967, Potomac Place is anchored by Safeway and features a mix of additional tenants such as Chipotle Mexican Grill, Starbucks Coffee, Mathnasium, Rose Home Services, Walgreens, PNC Bank and East West Tae Kwon Do. Jason Smith and Kenneth Gentzel of Northmarq arranged the loan through Nationwide Life Insurance Co. on behalf of the borrower, Zuckerman Gravely.

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesNewsTennessee

Sembler Co., Forge Capital Acquire Kroger-Anchored Center in Jackson, Tennessee

by Abby Cox

Jackson, Tenn. — The Sembler Co. and Forge Capital have acquired Lynnwood Place, a 96,613-square-foot, grocery-anchored center located in Jackson. The property was acquired through the Forge Real Estate Partners investment fund. Lynnwood Place, which was 82 percent occupied at the time of sale, features a mix of tenants such as Kroger, Domino’s Pizza, Cato and Spectrum. Approximately 17,515 square feet of small-shop space is available for lease. The Sembler Co. will serve as the property manager and leasing agent at the center.

Continue Reading
0 FacebookTwitterLinkedinEmail
Festival-Manassas
Grocery-anchoredInvestment salesNewsVirginia

Finmarc Sells Shopping Center in Manassas, Virginia, for $24.5 Million

by Abby Cox

Manassas, Va. — Bethesda, Maryland-based Finmarc Management Inc. has sold Festival at Manassas, a 117,675-square-foot shopping center in Northern Virginia, for $24.5 million. JCR Cos. purchased the grocery-anchored property, which is located at 10288-10388 Festival Lane in Manassas. Ryan Sciullo, Chris Munley, Colin Behr and Casey Smith of CBRE represented Finmarc in the transaction. Situated near the intersection of Sudley and Portsmouth roads, Festival at Manassas was 88 percent leased at the time of sale to tenants including Global Foods, Golden Royal Buffet, SudsMore, My Salon Suites and Potbelly Sandwich …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newmans-Crossing
Grocery-anchoredInvestment salesNewsTennessee

Blackwater Real Estate Sells 63,987-Square-Foot, Grocery-Anchored Center in Metro Nashville, Tennessee

by Abby Cox

Gallatin, Tenn. — Blackwater Real Estate has sold Newmans Crossing, a 63,987-square-foot retail center located in Gallatin, approximately 30 miles northeast of Nashville. Built in 2022 and 2023, the fully leased property is anchored by a 48,387-square-foot Publix. Additional tenants include Agaves Mexican Restaurant, Kung Fu Tea, Ichiban Steak Express, Fowler Family Dentist, Galaxy Nail Bar and Crown & Iris. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented Blackwater Real Estate in the transaction. Publix purchased the property for an undisclosed price.

Continue Reading
0 FacebookTwitterLinkedinEmail
Hylo-Park-South
DevelopmentGrocery-anchoredNevadaNews

Agora Realty Completes Construction of 90,750-Square-Foot, Grocery-Anchored Center in North Las Vegas

by Abby Cox

North Las Vegas, Nev. — Agora Realty has completed the construction of Hylo Park South, a 90,750-square-foot retail center located in North Las Vegas. The property will serve as the central gathering place for Hylo Park, a 73-acre master-planned community currently under development. The 11-acre center is 95 percent leased to tenants including Ross Dress for Less, Starbucks Coffee, Chipotle Mexican Grill, In-N-Out Burger, PDS Health, AT&T, The UPS Store, Chase Bank, Allstate, Sourdough & Co. and Tesla. Cardenas Markets anchors the property, which will open in early 2027.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaGrocery-anchoredMixed-useNews

Safeway Opens 64,000-Square-Foot Location at The Gilmore Mixed-Use Development in Metro Phoenix

by Abby Cox

Gilbert, Ariz. — Safeway has opened a 64,000-square-foot location at The Gilmore, a 35-acre mixed-use development by Thompson Thrift in the Phoenix suburb of Gilbert. Safeway will anchor the $225 million project, which is also set to feature 300 luxury apartments, a hotel and roughly 200,000 square feet of boutique shopping, dining and public gathering spaces. Additional tenants will include Better Buzz Coffee, Handel’s Ice Cream, Jersey Mike’s, Nook Kitchen, Over Easy, EDO Japan, Rebel Wine Lounge, Phantom Fox Brewery, Outcast Doughnuts, Level 1 Arcade Bar, Sweathouz and Honey Go Nails. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesNewsTexas

Rockspring Properties Negotiates Sale of Four Grocery-Anchored Centers in Texas

by Abby Cox

Houston and Pasadena, Texas — Rockspring Properties has negotiated the sale of four Sellers Bros.-anchored retail centers totaling 145,500 square feet in Houston and Pasadena. The properties, which span more than 19 acres, are leased on absolute triple-net terms. Additional details of the transaction were not disclosed. The portfolio includes: Cotton Munson, Mike Axelrad and Aimee Namakarn of Rockspring Properties arranged the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Midlothian-Depot-rendering
DevelopmentGrocery-anchoredMixed-useNewsVirginia

KPP Tapped to Manage Whole Foods Market-Anchored Center in Midlothian, Virginia

by Abby Cox

Midlothian, Va. — KeyPoint Partners (KPP) has been selected to provide management services for Midlothian Depot, a newly constructed, 87,363-square-foot mixed-use center located in Midlothian, approximately 14 miles west of Richmond. Confirmed tenants at the property include J.Crew, Dave’s Hot Chicken, Warby Parker, Paris Baguette and Lovesac, along with Whole Foods Market. The first retail tenants and anchor are projected to begin opening in the fall, with the overall project rollout continuing into 2027. Atlanta-based SJC Ventures purchased the 13-acre site in January 2025 for $16 million.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Shoppes-at-Parma
Grocery-anchoredInvestment salesNewsOhio

Hendon Properties Acquires 734,199-Square-Foot Shopping Center in Metro Cleveland, Ohio

by Abby Cox

Parma, Ohio — Atlanta-based Hendon Properties, in a joint venture with Axiom Realty and Peaceable Street Capital, has acquired The Shoppes at Parma in the Cleveland suburb of Parma. Anchor tenants at the 734,199-square-foot shopping center include Walmart Supercenter, Burlington, Dick’s Sporting Goods and grocer Marc’s. The deal includes six outparcels with a variety of tenants such as Crumbl Cookies, T-Mobile, Five Guys Burgers & Fries and Panera Bread. Opened in 1956, the property was formerly known as Parmatown Mall. The center marks the fifth property acquired by The Hendon …

Continue Reading
0 FacebookTwitterLinkedinEmail
mayfair-shopping-center
Grocery-anchoredInvestment salesNew YorkNews

Brixmor Acquires 221,612-Square-Foot Mayfair Shopping Center in Commack, New York, for $70 Million

by Abby Cox

Commack, N.Y. — Brixmor Property Group has acquired Mayfair Shopping Center, a 221,612-square-foot retail property located in the Long Island community of Commack, for $70 million. Lidl, Planet Fitness and PGA TOUR Superstore anchor the property, which was built in 1958. Other tenants at the center include Gap, Sephora, J.Crew Factory, H&R Block, and Tropical Smoothie Café. M Nail and Lash Bar recently signed a new lease at the retail center, while MyGym opened this January. Kid’s Empire, which is under construction, is expected to open later this year. Allison Villamagna …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts