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Plaza-Rancho-Del-Oro_Oceanside-Calif
CaliforniaGrocery-anchoredInvestment salesNews

CBRE Negotiates Sale of 65,054-Square-Foot Retail Center in Oceanside, California

by Hayden Spiess

Oceanside, Calif. — CBRE has negotiated the sale of Plaza Rancho Del Oro, a 65,054-square-foot retail center located in Oceanside. A&C Properties sold the center for $34.3 million. Albertsons and Planet Fitness anchor the property, which was 92 percent leased at the time of sale. Other tenants include Starbucks Coffee, My Salon Suites, Upper Crust Pizza, Wells Fargo and Carl’s Jr. Jimmy Slusher, James Tyrrell and Megan Lanni of CBRE represented the seller. Reg Kobzi, Michael Peterson and Joel Wilson of CBRE assisted in closing the transaction. 

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Hudson-Heritage_Poughkeepsie-N.Y
Grocery-anchoredInvestment salesNew YorkNews

CBRE Arranges $34 Million Sale of Retail Center in Poughkeepsie, New York

by Hayden Spiess

Poughkeepsie, N.Y. — CBRE has arranged the $34 million sale of Hudson Heritage, a retail center located in Poughkeepsie. ShopRite anchors the property, which totals 120,499 square feet. Other tenants at the center, which was 92 percent leased at the time of sale, include CVS/pharmacy, Starbucks Coffee, Chipotle Mexican Grill, AT&T, Jersey Mike’s Subs, Burger King and PulseMD. An entity doing business as EFG/Saber Heritage SC LLC sold the property to East Coast Acquisitions. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller in the transaction. 

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Northfield-Center_Whiteville-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Arranges $5.5 Million Sale of Retail Center in Whiteville, North Carolina

by Hayden Spiess

Whiteville, N.C. — Legacy Realty Group Advisors has arranged the $5.5 million sale of Northfield Center, a retail center located in Whiteville. Food Lion anchors the property, which comprises 41,400 square feet. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented the undisclosed buyer in the transaction. 

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Casas-Adobes-Plaza-Tucson-AZ
ArizonaGrocery-anchoredInvestment salesNews

First Washington Realty Sells Casas Adobes Plaza Shopping Center in Tucson, Arizona for $51 Million

by Hayden Spiess

Tucson, Ariz. — First Washington Realty has sold Casas Adobes Plaza, a shopping center located in Tucson, for $51 million. Originally built in 1953 and remodeled in 2014, the property totals 92,300 square feet situated on 9.5 acres. Tenants at the property, which was 97 percent occupied at the time of sale, include Whole Foods Market, Starbucks Coffee, Pure Barre, Orangetheory Fitness and Chico’s. Patrick Dempsey and Geoff Tranchina of JLL Capital Markets arranged the transaction. Greg Brown and Jason Carlos of JLL secured acquisition financing through a correspondent life insurance …

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FNRP-Waretown-Town-Center
Grocery-anchoredInvestment salesNew JerseyNews

FNRP Acquires 87,735-Square-Foot Retail Center in Waretown, New Jersey

by Hayden Spiess

Waretown, N.J. — First National Realty Partners (FNRP) has acquired Waretown Town Center, an 87,735-square-foot retail center located in Waretown. A 60,800-square-foot ShopRite anchors the property, which is situated along the Jersey Shore Line. Other tenants at the center include Meridian Health, Shore Smiles Dentistry, Saladworks and Great Clips. Colin Behr and Chris Munley of CB Richard Ellis represented the undisclosed seller in the transaction. This marks FNRP’s seventh shopping center acquisition in New Jersey. 

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Palm-Aire-Marketplace_Pompano-Beach-Fla
FloridaGrocery-anchoredInvestment salesNews

Colliers Brokers $33.1 Million Sale of Palm Aire Marketplace in Pompano Beach, Florida

by Hayden Spiess

Pompano Beach, Fla. — Colliers has brokered the $33.1 million sale of Palm Aire Marketplace, a shopping center located in Pompano Beach. Presidente Supermarket and dd’s DISCOUNTS anchor the property, which totals 143,219 square feet. Other tenants at Palm Aire Marketplace include T-Mobile, Chase Bank and McDonald’s. Harry Blyden, Bastian Schauer, Ruben Suarez, Billy Weiser and Ariel Davis of Colliers represented the seller, Pompano Realty USA, in the transaction. Longpoint Realty Partners acquired the asset, which is situated across from The Pomp, a $2 billion mixed-use project currently underway at the …

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Spencerport-Village-Plaza_Spencerport-N.Y
Grocery-anchoredInvestment salesNew YorkNews

Legacy Arranges Sale of 99,096-Square-Foot Shopping Center in Spencerport, New York

by Hayden Spiess

Spencerport, N.Y. — Legacy Realty Group Advisors has arranged the sale of Spencerport Village Plaza, a 99,096-square-foot shopping center located in Spencerport. Tops Friendly Markets anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

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Fountain Hills Plaza
ArizonaGrocery-anchoredInvestment salesNews

FNRP Acquires 111,284-Square-Foot Shopping Center in Arizona

by Hayden Spiess

Fountain Hills, Ariz. — First National Realty Partners (FNRP) has acquired Fountain Hills Plaza, a 111,284-square-foot shopping center located in Fountain Hills. Bashas’ anchors property, which was 90 percent leased at the time of sale. Other tenants at the center include Ace Hardware, AutoZone, H&R Block and Great Clips. This marks the firm’s second acquisition in the state. Patrick Dempsey of JLL represented the undisclosed seller in the transaction. 

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Platt-Springs-Crossing_Lexington
DevelopmentGrocery-anchoredMixed-useNewsSouth Carolina

Lexington Land Development Breaks Ground on $65 Million Mixed-Use Project Near Columbia, South Carolina

by Hayden Spiess

Lexington, S.C. — Lexington Land Development Co. has broken ground on Platt Springs Crossing, a $65 million mixed-use project in the Columbia suburb of Lexington. Upon completion, the 57-acre project will comprise a Lowes Foods grocery store, 10,000 square feet of inline retail space, 13 retail outparcels and 142 residential townhouses. Tenants at the development will include Chipotle Mexican Grill (which began construction earlier this summer), Panda Express, Whataburger, Harbor Freight Tools, Heartland Dental, WellStreet Urgent Care, Big Blue Marble Academy, Planet Fitness and Tidal Wave Car Wash. A construction timeline …

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Grocery-anchoredInvestment salesMarylandNews

DLC, Meadow Partners Purchase 378,205-Square-Foot Retail Center in Forestville, Maryland

by Hayden Spiess

Forestville, Md. — DLC and Meadow Partners have purchased Penn Mar Shopping Center, a 378,205-square-foot retail center in the Washington, D.C. suburb of Forestville, from an undisclosed seller for $68.5 million. Apollo and Athene provided an undisclosed amount of acquisition financing for the deal. Shoppers Food Warehouse, which recently extended its lease and fully renovated its store, anchors the property. Other tenants at the center include Burlington, Ross Dress for Less, Dollar Tree, Petco and Foot Locker. The property also includes outparcel pads occupied by tenants including Starbucks Coffee, Truist …

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