Grocery-anchored

Eastway Square

Charlotte, N.C. — Los Angeles-based Westwood Financial has acquired Eastway Square, a 130,156-square-foot grocery-anchored shopping center in Charlotte. Tenants at the property include Ross Dress For Less, America’s Best, Papa Johns Pizza, Subway, Wingstop, Rainbow Shops, DentalWorks, Hibbett Sports, Showmars and Food Lion, which anchors the center. Berkley Capital Advisors brokered the sale. The price was not disclosed. Eastway Square joins Westwood Financial’s portfolio of grocery-anchored shopping centers in Charlotte including Prosperity Village Square, Steele Creek Crossing, Steelecroft Shopping Center and The Arbors at Mallard Creek.

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Country Club Centre

Montgomery, Ala. — Red Bank, New Jersey-based First National Realty Partners has acquired Country Club Centre, a 67,622-square-foot retail center located in Montgomery. The center — which was 85 percent leased at the time of sale — is anchored by Winn-Dixie, which totals 35,922 square feet. Additional tenants at the property include Dollar Tree, Martin’s Restaurant, Subway and Wingstop. Gary Chou of Berkley Capital Advisors represented the undisclosed seller in the transaction.

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Tallahassee, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $24 million sale of Westend Square, a 152,335-square-foot shopping center in Tallahassee. Renovated in 2022, Aldi shadow-anchors the center. Tenants at the property — which was 98 percent leased at the time of sale — include Five Below, Planet Fitness, Pet Supermarket, Aaron’s Rent To Own, Little Caesars Pizza, the U.S. Post Office and Citi Trends. Douglas Mandel of IPA represented the seller, Steven Leoni, and procured the buyer, New York-based Milbrook Properties, in …

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Hicone Shopping Center

Greensboro, N.C. — Legacy Realty Group Advisors has brokered the sale of Hicone Shopping Center, an 88,961-square-foot grocery-anchored retail center in Greensboro. The property — which is anchored by Food Lion — is situated on more than 15 acres, according to the Triad Business Journal. Additional retailers at the property include CVS Pharmacy, a Goodwill store, Koronda’s Sports Bar & Grill, H&R Block, the State Employees’ Credit Union, Hicone Car Wash and four restaurants. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors, represented the seller. Will Whitley of …

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BJ's Wholesale Club

Bangor, Maine — Marcus & Millichap has arranged the $12.5 million sale of a BJ’s Wholesale Club located in the central Maine community of Bangor. The building is situated on 13 acres and totals 91,828 square feet. Recent upgrades to the property include a complete interior and exterior renovation, and the addition of a new roof and a gas and propane filling station. The property is double-net-leased with scheduled rent increases every five years. Adam Cohen and Brett Kilar of Marcus & Millichap represented the undisclosed seller and procured the …

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Market 32 Grocer

Albany, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a former ShopRite Supermarket located on the west bank of the Hudson River, for $23.8 million. The Golub Corp. — which operates supermarkets under the Price Chopper, Market 32 and Market Bistro banners — has assumed the lease for the property and secured a 15-year extension. This transaction marks the fifth ShopRite store that Golub has acquired in the Capital Region of New York. The newly renovated Market 32 Grocer opened in …

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The Shops at Ledgebrook

Winsted, Conn. — Marcus & Millichap has brokered the $14.1 million sale of The Shops at Ledgebrook located in Winsted, approximately 24 miles southeast of Hartford. Built in 1989, the center totals 105,499 square feet and sits on 14 acres. The property — which is anchored by a 52,704-square-foot Stop & Shop Supermarket — features tenants including Webster Bank, Ledgebrook Spirit Shop, Community Residences Inc., Sophia’s Pizza Restaurant and China Delight. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller, a New York-based private investor and …

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Wheaton, Ill. — JLL Capital Markets has secured a $41.7 million financing of Danada Square West, a 314,819-square-foot grocery-anchored shopping center located in Wheaton, roughly 25 miles west of Chicago. DLC Management Corp. is the borrower. Constructed in 1988, the center — which was 92.7 percent leased at the time of sale — is anchored by Jewel-Osco. Other tenants at the property include T.J. Maxx, HomeGoods, Burlington, The Paper Store, Ulta Beauty and Five Below. Scott Aiese, Christopher Knight and Alex Staikos of JLL represented the borrower in arranging the …

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Morris Marketplace

Morristown, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Morris Marketplace, a newly developed 85,513-square-foot shopping center located in Morristown, roughly 25 miles west of New York City. The center, which is shadow-anchored by Lidl Supermarket and Burlington, was fully leased at the time of sale with more than 35 restaurant and service-oriented tenants, including Wells Fargo and Panda Express. Brad Nathanson and JP Colussi of IPA represented the seller and developer, DeVimy Equities, and procured the Ohio-based buyer, Last Mile …

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Rancho Encanto

Phoenix — Kidder Mathews has facilitated the $10.6 million sale of Rancho Encanto, a retail center located in Phoenix. Darren Tappen, Nathan Thinnes, Pete Beauchamp, and Patrick Gardner of Kidder Mathews represented both the seller, Dayanim Real Estate Corporation, and the buyer, Junam Enterprises, Inc., in the transaction. Kidder will manage the 70,439-square-foot property — which is anchored by Smart & Final and Aaron’s — on behalf of Junam Enterprises.

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