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ColoradoFinanceGrocery-anchoredInvestment salesNews

KPR Centers Secures $33.9 Million in Acquisition Financing for University Hills Retail Center in Denver

by Hayden Spiess

Denver — KPR Centers has secured a $33.9 million loan to finance the acquisition of University Hills, a retail center located in Denver. Sunny Sajnani and Travis Headapohl of Institutional Property Advisors (IPA) Capital Markets, a division of Marcus & Millichap, arranged the five-year financing through a life insurance company lender. The fixed-rate loan features full-term interest-only payments and prepayment open at par for the last year.  Tom Lagos of IPA procured the buyer in the sales transaction. University Hill was fully leased to tenants including King Soopers, Michaels, Marshalls, Office …

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ConnecticutGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Brokers $15.1 Million Sale of Shopping Center in Groton, Connecticut

by Hayden Spiess

Groton, Conn. — Atlantic Capital Partners, a division of Atlantic Retail, has brokered the $15.1 million sale of Groton Shopper Mart, a 171,858-square-foot shopping center in Groton in southern coastal Connecticut. Big Y Supermarket anchors the center, which was 77 percent leased at the time of sale. Other tenants at the property include Starbucks Coffee, CVS/pharmacy and Chase Bank. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented both the buyer and seller in the transaction. Stephen Joseph and Stephen Hassenflu, also with Atlantic Capital Partners, …

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FinanceFloridaGeorgiaGrocery-anchoredKentuckyNewsTennessee

CBRE Arranges $171.4 Million Refinancing for Shopping Center Portfolio in the Southeast

by Hayden Spiess

Atlanta — CBRE has arranged a $171.4 million loan for the refinancing of an eight-property portfolio of grocery-anchored shopping centers in the Southeast. Comprising roughly 1.2 million square feet, the portfolio was 96.6 percent leased at the time of financing to 194 tenants including Kroger, Publix and Whole Foods Market. PGIM provided the financing to the borrowers, Branch Properties and Corebridge Real Estate Investors (formerly AIG Global Real Estate). Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE arranged the loan, which was used to refinance the existing mortgages …

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DevelopmentGrocery-anchoredMixed-useNewsTennessee

GBT, Robinson Properties to Develop Mixed-Use Project in Metro Nashville

by Hayden Spiess

Mount Juliet, Tenn. — GBT Realty Corp. and Robinson Properties have announced plans for Everett Downs, a mixed-use development to be located in Mount Juliet, roughly 20 miles east of Nashville. GBT will develop the retail portion of the project, which will comprise a 41,255-square-foot retail center. A 23,256-square-foot Sprouts Farmers Market will anchor the center, which will also feature approximately 18,000 square feet of small shop and outparcel space. Completion of the retail center, which is currently 75 percent preleased, is scheduled for October 2025. Robinson Properties will develop Phase …

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CaliforniaGrocery-anchoredInvestment salesNews

Hanley Brokers $20.8 Million Sale of Five Shopping Center Outparcels in Riverside, California

by Hayden Spiess

Riverside, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $20.8 million sale of five outparcels at Citrus Landing, a shopping center located in Riverside. Stater Bros. anchors the center, which was fully leased at the time of the transaction. Together, the five properties total 25,916 square feet. Tenants at the pad and outparcel buildings include Chick-fil-A, Quick Quack Car Wash, Arrowhead Credit Union, Panda Express, Café Bottega and Pacific Dental. Kevin Fryman and Ed Hanley of Hanley represented the seller, a private investor, in the transaction. Art Flores …

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Grocery-anchoredInvestment salesNewsSouth Carolina

Zapolski Real Estate Acquires 18,035-Square-Foot Retail Center in Myrtle Beach, South Carolina

by Hayden Spiess

Myrtle Beach, S.C. — An affiliate of Zapolski Real Estate doing business as Prince Creek Investments LLC has acquired Prince Creek Village, an 18,035-square-foot retail center located in Myrtle Beach. Publix anchors the property, which was fully occupied at the time of sale. An entity doing business as MHC Prince Creek Village Owner LLC, a subsidiary of MHComemercial Real Estate Fund, sold the property for $6.4 million. Tom Kolarcyzk and Andrew Jomantas of JLL Capital Markets represented the seller in the transaction. 

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GeorgiaGrocery-anchoredInvestment salesNews

Greenberg Gibbons Purchases Shopping Center in Tucker, Georgia for $17.3 Million

by Hayden Spiess

Tucker, Ga. — Greenberg Gibbons has acquired Northlake Square, a retail center located in Tucker, for $17.3 million, marking the company’s entrance into the Georgia market. Built in 1988, the property totals 82,578 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Aldi and Best Buy. Greenberg Gibbons purchased Northlake Square through its investment vehicle Greenberg Gibbons Real Estate Income Fund I. 

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DevelopmentGrocery-anchoredNewsTexas

Retail Connection Breaks Ground on 150,000-Square-Foot Shopping Center in Metro Austin

by Hayden Spiess

Manor, Texas — The Retail Connection, through its affiliate Connected Development Services, has broken ground on a 150,000-square-foot shopping center in Manor, roughly 15 miles outside Austin. Dubbed Manor Crossing, the center will be situated within a 63-acre site that will also house a 101,000-square-foot H-E-B grocery store. The property will comprise four buildings on 18 acres. Tenants at the center will include T.J. Maxx, Burlington, Planet Fitness, Five Below, Rack Room Shoes, Jersey Mike’s, James Avery, McAlister’s Deli, Mattress Firm, Tropical Smoothie Café and Tomlinson’s Feed. Cuaso Design Studio and …

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ConnecticutGrocery-anchoredLeasingNews

Price Rite Signs 34,000-Square-Foot Lease at Waterbury Shopping Center in Connecticut

by Hayden Spiess

Waterbury, Conn. — Grocer Price Rite has signed a 10-year, 34,000-square-foot lease at Waterbury Shopping Center, a retail center located in Waterbury. William Cafero of Charter Realty arranged the lease on behalf of the landlord, Tartaglia Commercial Properties. Price Rite will occupy a vacant space at the property that formerly housed Ollie’s Bargain Outlet. This marks Price Rite’s first new lease in more than five years. 

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ArizonaGrocery-anchoredLeasingNews

The Italiano Opens Restaurant at 89,506-Square-Foot Retail Center in Scottsdale, Arizona

by Hayden Spiess

Scottsdale, Ariz. — The Italiano has opened a new restaurant within Mercado del Rancho, an 89,506-square-foot retail center located in Scottsdale, approximately 15 miles northeast of Phoenix. Sprouts Farmers Market anchors the center, which is owned by Westwood Financial. Other tenants at the property include Starbucks Coffee, Chipotle Mexican Grill, Club Pilates, Orange Theory, Stretch Lab, Jersey Mikes, FedEx, Chompie’s Bagels, Nékter Juice Bar and Hello Laser. The Italiano, a concept originally founded by Chef Joey Maggiore, brings the center to full occupancy. 

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