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Woodmont Village
GeorgiaGrocery-anchoredInvestment salesNews

Matthews Real Estate Negotiates Sale of Woodmont Village in Metro Atlanta

by Abby Cox

Canton, Ga. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot brokered the transaction. Aubuchon Realty Co. was the buyer.

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FloridaGrocery-anchoredNews

GBT Realty Breaks Ground on 30,500-Square-Foot Shopping Center in Metro Orlando

by Abby Cox

Clermont, Fla. — GBT Realty Corp. has broken ground on Hammock Ridge Commons, a 30,500-square-foot shopping center located in Clermont, approximately 25 miles east of Orlando. An entity doing business as Shoppes at Hammock Ridge Crossing LLC sold the original 3.7-acre land parcel to GBT for $2.5 million. A 23,273-square-foot Sprouts Farmers Market will anchor Hammock Ridge Commons, while additional tenants at the property will include a dentist and nail salon. Roughly 1,700 square feet of inline space is still available for lease at the center. J. Raymond Construction Corp. is …

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Admiral Junction
Grocery-anchoredInvestment salesNewsWashington

JLL Facilitates $35.4 Million Sale of Admiral Junction in West Seattle

by Abby Cox

Seattle — JLL Capital Markets has facilitated the $35.4 million sale of Admiral Junction, a 67,992-square-foot shopping center located in West Seattle. A 60,876-square-foot Safeway anchors the center, which comprises 82 percent of the property. The remaining 7,116square feet is dedicated to additional retail tenants including Menchie’s Frozen Yogurt and Verizon Wireless. Daniel Tyner, Geoff Tranchina, Gleb Lvovich and Zach Koucos of JLL’s Investment Sales and Advisory team represented the buyer, Silver Star Ventures, in the transaction.

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University Shoppes
Grocery-anchoredInvestment salesNewsSouth Carolina

Legacy Realty Arranges Sale of 66,004-Square-Foot Shopping Center in Metro Myrtle Beach

by Abby Cox

Conway, S.C. — Legacy Realty Group Advisors LLC has arranged the sale of University Shoppes, a 66,004-square-foot shopping center located in Conway, approximately 15 miles outside Myrtle Beach. Situated near Coastal Carolina University and Conway Medical Center, the center is anchored by Food Lion. Additional tenants at the property include Family Dollar, Beach Wine and Spirits, Papa Johns Pizza, Eggs Up Grill, Spice C Noodle, Conway Nutrition and Ala Mario’s Pizza. The property also features an outparcel that houses Chipotle Mexican Grill. Jacob Baruch and Jonah Warshaw of Legacy Realty …

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Plaza North Shopping Center
Grocery-anchoredInvestment salesNebraskaNews

Investors Realty Negotiates $14.5 Million Sale of Plaza North Shopping Center in Omaha, Nebraska

by Abby Cox

Omaha, Neb. — Locally-based Investors Realty has negotiated the $14.5 million sale of Plaza North Shopping Center, a 203,250-square-foot shopping center located in Omaha. Baker’s Supermarket anchors the property, which was 92 percent leased at the time of sale. Additional tenants include Fowling Warehouse, Altitude Trampoline Park, Planet Fitness and Archwell Health. Ember Grummons of Investors Realty represented the seller, an entity doing business as Plaza North Station LLC. Sam Seelenfreund of Cleeman Realty Group represented the buyer, Sky Capital Group, in the transaction.

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Shopper's Haven
FloridaGrocery-anchoredNews

Stiles, FCA Partners Complete Redevelopment of 200,144-Square-Foot Retail Center in Metro Fort Lauderdale

by Abby Cox

Pompano Beach, Fla. — A partnership between Stiles and FCA Partners has completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 10 miles north of Ft. Lauderdale. A new Publix Supermarket — which opened June 26 — anchors the center. Hawkins Construction served as the project’s general contractor, while Dunphy Development provided additional development and construction management services. First Horizon Bank provided financing for both the acquisition and redevelopment. Redevelopment of the site featured ground-up construction of the new Publix, along with upgrades to the property’s exterior, …

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Triangle at Classen
Grocery-anchoredInvestment salesNewsOklahoma

Bain Capital, 11North Partners Acquire Three Lifestyle Retail Centers in Oklahoma City for $212 Million

by Abby Cox

Oklahoma City — A joint venture between Bain Capital and 11North Partners has acquired three open-air, lifestyle retail centers in Oklahoma City for $212 million. The nearly 40-acre portfolio includes Nichols Hills Plaza, The Triangle at Classen Curve and Classen Curve, which totals 290,598 square feet, according to Oklahoma City Retail. Located near Integris Baptist Medical Center and Chesapeake Energy Corp., the three centers are anchored by Whole Foods and Trader Joe’s. There are more than 50 additional tenants throughout the properties, including Warby Parker, lululemon, West Elm, Anthropologie, Sephora and …

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Breton Village
Grocery-anchoredInvestment salesMichiganNews

WS Development, Barings Acquire 200,000-Square-Foot Shopping Center in Grand Rapids, Michigan

by Abby Cox

Grand Rapids, Mich. — Massachusetts-based WS Development and Barings, a subsidiary of MassMutual, have acquired Breton Village, a 200,000-square-foot shopping center located in Grand Rapids. Originally built in the 1960s and 1970s as a retail strip center, Breton Village was purchased in 2002 and later redeveloped in 2017 by a group of local investors doing business as Breton Village LLC. Investment partners in the redevelopment included Scott Wierda, Brian DeVries, Dan DeVos and Dan Bowen. Breton Village is home to a mix of tenants including lululemon, Joseph A. Bank, Talbots, LOFT, …

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Aurora Plaza
ColoradoGrocery-anchoredInvestment salesNews

JLL Negotiates $16 Million Sale of Aurora Plaza in Metro Denver

by Abby Cox

Aurora, Colo. — JLL Capital Markets has arranged the $16 million sale of Aurora Plaza, a 115,461-square-foot shopping center located in Aurora, roughly nine miles east of Denver. Anchored by King Soopers, Cinema Latino and Gen X Clothing, the property was 80 percent leased to 27 tenants including medical offices, service providers, restaurants and retail shops at the time of sale. Built in 1982 and renovated in 2001, Aurora Plaza spans 10.6 acres. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller in the transaction. …

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Westgate Shopping Center
AlabamaGrocery-anchoredInvestment salesNews

Legacy Realty Negotiates Sale of 132,737-Square-Foot Shopping Center in Enterprise, Alabama

by Abby Cox

Enterprise, Ala. — Legacy Realty Group has negotiated the sale of Westgate Shopping Center, a 132,737-square-foot shopping center located in Enterprise, roughly 30 miles east of Dothan. Piggly Wiggly anchors the center, which features a mix of additional tenants including Petsense, H&R Block, Rituals Salon & Day Spa, Rent-A-Center, Metro by T- Mobile, Beef ‘O’ Brady’s and Yancey Parker’s. Built in 1966, the property is situated on 6.4 acres, according to LoopNet. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction. …

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