Grocery-anchored

Red Bird Center
FloridaGrocery-anchoredInvestment salesNews

JLL Negotiates $62.1 Million Sale of Red Bird Center in Miami

by Abby Cox

Miami — JLL Capital Markets has arranged the $62.1 million sale of Red Bird Center, a 92,089-square-foot retail center located in Miami. Milam’s Markets anchors the property, which was fully occupied at the time of sale. Additional tenants include Walgreens, Orion Fuels and Ace Hardware. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment Sales and Advisory team represented the seller, Red Bird Associates, in the transaction. The buyer was Charlotte, North Carolina-based Asana Partners.

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Edgewater Towne Center
Grocery-anchoredInvestment salesMixed-useNew JerseyNews

JLL Arranges $53.5 Million Sale of Edgewater Towne Center in Metro New York City

by Abby Cox

Edgewater, N.J. — JLL has arranged the $53.5 million sale of Edgewater Towne Center, a mixed-use development located in Edgewater, roughly eight miles from New York City. The property comprises 76,414 square feet of retail space and 64 apartment units. The retail portion of Edgewater Towne Center was 98 percent leased at the time of sale and features a mix of tenants including Club Pilates, Amazon One Medical, Bond Vet and Pure Barre. Whole Foods Market anchors the property. Meanwhile, the residential component of the building was 94 percent occupied. …

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Twelve Oaks
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Sells 104,915-Square-Foot Shopping Center in Savannah, Georgia, for $35.8 Million

by Abby Cox

Savannah, Ga. — Atlantic Capital Partners has sold Twelve Oaks, a 104,915-square-foot neighborhood shopping center located in Savannah, for $35.8 million. The property was 99 percent leased at the time of sale. Publix anchors Twelve Oaks, which has operated at the site since 1992. Additional tenants include Sephora, Cold Stone Creamery, Great Clips, Five Guys Burgers & Fries, LensCrafters and Bonefish Grill. Twelve Oaks was built in 1985 and is situated on approximately 10 acres. Fred Victor of Capital Markets represented both the buyer, Downers Grove, Illinois-based InvenTrust, and the seller, …

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Bernal Plaza
CaliforniaFinanceGrocery-anchoredNews

BISON Partners, PCCP Receive $29 Million in Financing for Bernal Plaza Shopping Center in San Jose, California

by Abby Cox

San Jose, Calif. — A joint venture between Southern California-based BISON Partners and PCCP has received $29 million in financing for the acquisition of Bernal Plaza, a 139,559-square-foot open-air retail center in San Jose. Lucky Supermarket anchors Bernal Plaza, which was 94 percent leased at the time of sale. Other tenants at the property include Ross Dress for Less, Staples, American Barbell Clubs, Starbucks Coffee, McDonald’s, Shell and Nick the Greek. Built in 1999, Bernal Plaza spans roughly 16 acres. Alex Olson, Todd Sugimoto, Lauren Sackler and Danny Ryan of …

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Southgate
Grocery-anchoredInvestment salesLouisianaNews

Disney Investment Group Sells 157,818-Square-Foot Shopping Center in Louisiana

by Abby Cox

Lake Charles, La. — Disney Investment Group (DIG) has sold Southgate, a 157,818-square-foot shopping center located in Lake Charles. The center has been anchored by a 37,442-square-foot Market Basket grocery store for nearly 40 years. Additional tenants at the property, which was 90.8 percent leased at the time of sale, include Dollar Tree, Office Depot, Books-A-Million and Oak Street Health. David Disney and Adam Crockett of DIG represented the seller and procured the buyer in the transaction.

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Veridian
DevelopmentGrocery-anchoredIllinoisNews

UrbanStreet Group Breaks Ground on 30-Acre Retail District at Veridian in Suburban Chicago

by Abby Cox

Schaumburg, Ill. — UrbanStreet Group has broken ground on a 30-acre retail district at Veridian in the Chicago suburb of Schaumburg. The first phase of the district is expected to open in 2027 for apartments, while the retail portion is scheduled for fall 2026. The Veridian project involves the transformation of the former Motorola headquarters campus. The first phase of the retail district will include 100,000 square feet of walkable retail and international cuisine, anchored by a 26,000-square-foot The Fresh Market grocery store along with 321 apartments and year-round community …

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Terrison Quinn Newport Beach Retail Real Estate pull quote rev
Content PartnersDevelopmentFeaturesFinanceGrocery-anchoredIndustry ContentInvestment salesLeasingNet leaseRetailers

SoCal Retail Market Fundamentally Strong but Challenged by Space Shortage

by Sarah Daniels

If Calvin Short and Terrison Quinn, managing principals at SRS Real Estate Partners, could sum up the Southern California (SoCal) retail investment sales and leasing environment with one word, it would be “undersupplied.” From an investment standpoint, the region lacks depth in available properties for sale, unlike other parts of the country where there have been leverage shifts in favor of the buyer due to oversupply, says Short, who represents buyers and sellers of retail assets nationwide. That’s particularly true in the net-lease space, which is driving some SoCal-based investors …

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Publix-anchored shopping center
Company newsFloridaGrocery-anchoredNewsSouth Carolina

JLL to Manage 1 Million-Square-Foot Retail Portfolio for 11North, Bain Capital

by Abby Cox

Florida and South Carolina — JLL has been selected to provide management services for a 1 million-square-foot retail portfolio across South Carolina and Florida. The portfolio comprises 10 open-air shopping centers which include Sawgrass Square and Plantation Promenade in Fort Lauderdale; Miramar Commons in Miramar; Rolling Oaks in Orlando; Promenade at Poinciana and Solivita Marketplace in Kissimmee; New Tampa Center in Tampa; Lake Worth Plaza in Lake Worth; Garden Shops at Boca in Boca Raton; and Point Hope Commons in Charleston. JLL will manage the portfolio on behalf of 11North Partners …

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Uptown Boca
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges $118.5 Million Sale of 194,927-Square-Foot Shopping Center in Boca Raton, Florida

by Abby Cox

Boca Raton, Fla. — JLL Capital Markets has arranged the $118.5 million sale of Uptown Boca, a 194,927-square-foot mixed-use development located in Boca Raton. Whole Foods Market anchors the property, which was fully occupied at the time of sale. Additional tenants include Life Time Fitness, REI, HomeSense and Sephora. Along with several retailers and restaurants, Uptown Boca also features 456 luxury apartment units. Danny Finkle, Jorge Portela and Kim Flores of JLL represented the seller, a joint venture between Schmier Property Group, Giles Capital Group, Rosemurgy Properties and Wheelock Street …

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Bear Creek Plaza
Grocery-anchoredInvestment salesNewsOregon

Marcus & Millichap Brokers $25.3 Million Sale of Bear Creek Plaza in Medford, Oregon

by Abby Cox

Medford, Ore. — Marcus & Millichap has brokered the $25.3 million sale of Bear Creek Plaza, a 189,670-square-foot shopping center located in Medford, roughly 27 miles north of the California border. Originally built in 1977 on nearly 17 acres, the fully leased property is anchored by Dollar Tree, Bi-Mart and Crunch Fitness. Additional tenants include McDonald’s, Wendy’s, Carl’s Jr., First Interstate Bank, OneMain Financial, Metro PCS, Papa Murphy’s and Sally Beauty Supply. Clayton Brown and Ruthanne Loar of Marcus & Millichap represented the seller, an entity doing business as Bear Creek …

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