Grocery-anchored

Metroplex-Plaza
FinanceGrocery-anchoredNewsTexas

Gantry Arranges $10 Million in Refinancing for Metroplex Plaza in Irving, Texas

by Abby Cox

Irving, Texas — Gantry has arranged a $10 million permanent loan to refinance Metroplex Plaza, a 105,000-square-foot, grocery-anchored retail center located in Irving. Mark Ritchie and Austin Ridge of Gantry secured the 10-year, fixed-rate loan through one of Gantry’s life insurance lenders, which features a 30-year amortization schedule. Gantry will service the loan. Metroplex Plaza has recently completed a repositioning centered around the opening of a new Joe V’s Smart Shop location, an HEB low-price grocery store concept. Additional tenants at the property include a mix of restaurant and service-based …

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Old Lyme Marketplace
ConnecticutGrocery-anchoredInvestment salesNews

Joint Venture Acquires 102,500-Square-Foot Old Lyme Marketplace in Connecticut

by Abby Cox

Old Lyme, Conn. — A joint venture between Zelco Properties & Development, Grossman Development Group and The McDevitt Co. has acquired Old Lyme Marketplace, a 102,500-square-foot community shopping center in Old Lyme, approximately 40 miles southeast of Hartford. Big Y Supermarket anchors the property, which features a mix of additional tenants including Walgreens, Grand Wine & Spirits and The Bowerbird gift shop. With the acquisition, the joint venture plans to renovate the property with aesthetic enhancements and targeted leasing initiatives. The center was originally built in 1959 on nearly 24 acres, …

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Jacaranda-Plaza
FloridaGrocery-anchoredInvestment salesNews

Core Investment Buys 175,084-Square-Foot Publix-Anchored Shopping Center in Metro Fort Lauderdale

by Abby Cox

Plantation, Fla. — Core Investment Management has acquired Jacaranda Plaza, a 175,084-square-foot, grocery-anchored shopping center located in the Fort Lauderdale suburb of Plantation. Danny Finkle, Jorge Portela and Evan Lahr of JLL represented the seller, a joint venture between Epic Real Estate Partners and Heitman, in the transaction. Chris Drew, Brian Gaswirth and Luke Maganas, also of JLL, arranged acquisition financing for the purchase through U.S. Bank on behalf of the new ownership. Jacaranda Plaza is currently 97.9 percent leased to tenants including Publix, Ross Dress for Less, Five Below, …

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shoppes-at-wissinoming
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Negotiates $30.8 Million Sale of Shoppes at Wissinoming in Philadelphia

by Abby Cox

Philadelphia — JLL Capital Markets has negotiated the $30.8 million sale of the Shoppes at Wissinoming, a 97,982-square-foot neighborhood shopping center located in Northeast Philadelphia. ShopRite anchors the property, which was 98 percent occupied at the time of sale. Additional tenants include Wawa, Popeyes, AT&T, Elite Dental and Wissinoming Laundromat. The 11.3-acre site was originally built in 2018. Jim Galbally, Patrick Higgins and JP Colussi of JLL’s sales and advisory team represented the seller, ARCTRUST, in the transaction. The buyer was an affiliate of Brown’s Real Estate.

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Sprouts Farmers Market
Grocery-anchoredNewsTennessee

GBT Realty to Develop Sprouts Farmers Market at Port Royal Marketplace in Metro Nashville

by Abby Cox

Spring Hill, Tenn. — GBT Realty has submitted plans to develop a Sprouts Farmers Market to anchor Port Royal Marketplace, a planned retail center in Spring Hill, approximately 35 miles south of Nashville. Following city approvals, GBT anticipates construction to commence in early 2026, with completion planned for early 2027. Situated on the southwest corner of Duplex and Port Royal roads, Port Royal Marketplace is expected to total 46,000 square feet and will feature a 23,000-square-foot Sprouts, 16,000 square feet of inline shops and a 6,800-square-foot shop building. In addition, …

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Wesley Chapel Station
DevelopmentFloridaGrocery-anchoredNews

SJC Ventures Breaks Ground on Whole Foods-Anchored Shopping Center in Metro Tampa

by Abby Cox

Wesley Chapel, Fla. — SJC Ventures has broken ground on Wesley Chapel Station, a 75,968-square-foot shopping center in Wesley Chapel, roughly 24 miles north of Tampa. A 35,518-square-foot Whole Foods Market will anchor the center, which will be located at the corner of Bruce B Downs and Aronwood boulevards. Other committed tenants include PopUp Bagels, CAVA, Naked Farmer, Petfolk, The Tox and a nail salon. The center has approximately 15,000 square feet of available vacancy, according to SJC Ventures. Adjacent to the shopping center, the Atlanta-based firm is underway on …

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Grove Park
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Brokers Sale of 120,150-Square-Foot Grove Park Shopping Center in Lakeland, Florida

by Abby Cox

Lakeland, Fla. — Cushman & Wakefield has brokered the sale of Grove Park Shopping Center, a 120,150-square-foot, grocery-anchored shopping center located in Lakeland. Previously known as Southgate Shopping Center, the property was originally developed in 1960 by George Jenkins, the founder of Publix. Tenants at the center, which was 100 percent occupied at the time of sale, include CVS Pharmacy, Dollar Tree, Humanitary Medical Center and a Publix, which was fully rebuilt in 2019. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Longpoint Partners, in …

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Sierra del Oro Towne Centre
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Negotiates Sale of 110,485-Square-Foot Shopping Center in Corona, California

by Abby Cox

Corona, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of Sierra del Oro Towne Centre, a 110,485-square-foot shopping center located in Corona. Ralphs and Dollar Tree anchor the property, which was fully leased at the time of sale. Additional tenants include Anytime Fitness, Chase Bank, Jack in the Box, Domino’s Pizza, Green River Montessori School, Wingstop, Kumon Math and Reading Center, Fantastic Sams Cut & Color and PostalAnnex. Sierra del Oro Towne Centre marks Hanley’s sixth grocery-anchored shopping center sale over the previous 12 months. Kevin Fryman …

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Pier-37
Grocery-anchoredInvestment salesNewsWisconsin

Mid-America Negotiates Sale of 117,078-Square-Foot Shopping Center in Monona, Wisconsin

by Abby Cox

Monona, Wis. — Mid-America Real Estate Corp. has negotiated the sale of Pier 37, a 117,078-square-foot shopping center in Monona, a suburb of Madison. The grocery-anchored property features a freestanding Metro Market, a regional grocery chain. The center is also home to Staples, Woodcraft, Buffalo Wild Wings, Starbucks Coffee, Jimmy John’s and Verizon Wireless. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, United Properties, in the transaction. Galway Cos. Inc. was the buyer.

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Sarasota-Square
DevelopmentFloridaGrocery-anchoredLeasingMixed-useNews

Torburn Signs Anchor Leases for Mixed-Use Redevelopment of Sarasota Square Mall

by Abby Cox

Sarasota, Fla. — Torburn Partners has signed two new anchor leases to kick off plans for its Sarasota Square project, a redevelopment of the former Sarasota Square Mall. The Chicago-based developer signed leases with Whole Foods Market and Homesense to anchor the first phase of the 96-acre mixed-use project. The retail portion is under construction, and the multifamily component will break ground in first-quarter 2026. Full plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant, and commercial space; and open-air gathering space for social …

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