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Grocery-anchored

Ashford Village Center
Grocery-anchoredInvestment salesNewsTexas

Whitestone REIT Acquires 81,407-Square-Foot Grocery-Anchored Center in Houston

by Abby Cox

Houston — Whitestone REIT has acquired Ashford Village Center, an 81,407-square-foot grocery-anchored, neighborhood shopping center located in Houston. Tenants include Thanjai Mess, Ramen Bar Ichi, Japan House, Dollar Tree, Giggles and Fun, Salon Village and Japanese grocer Seiwa Market, which anchors the property. Ashford Village Center was originally built in 1979 on roughly 7 acres, according to LoopNet Inc. Ashford Village marks Whitestone’s 10th neighborhood shopping center acquisition in Houston.

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Stockbridge Lakes
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Arranges Sale of 78,605-Square-Foot Publix-Anchored Center in Metro Atlanta

by Abby Cox

Stockbridge, Ga. — Colliers has arranged the sale of Stockbridge Lakes, a 78,605-square-foot grocery-anchored shopping center located in Stockbridge, approximately 20 miles south of Atlanta. A 44,000-square-foot Publix anchors the center, which was 88.4 percent occupied at the time of sale. Other tenants include Burn Boot Camp, Great Clips, East Lake Smiles Pediatric Dentistry, Crystal Nails and Domino’s Pizza. Stockbridge Lakes originally opened in 2002 and was renovated in 2018. Scott Israel and Brad Peterson of Colliers Atlanta Retail Investment Sales team represented the seller, Harbour Real Estate Partners, in the …

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Salisbury Marketplace
Grocery-anchoredInvestment salesNewsNorth Carolina

First National Realty Purchases Food Lion-Anchored Shopping Center in North Carolina

by Abby Cox

Salisbury, N.C. — First National Realty Partners (FNRP) has purchased Salisbury Marketplace, a grocery-anchored shopping center located in Salisbury, about 35 miles outside Charlotte. A 31,762-square-foot Food Lion anchors the property, which also houses Citi Trends, Family Dollar and Cricket Wireless. The property offers 9,300 square feet of contiguous vacancy, according to FNRP. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed.

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Pointe Plaza
Grocery-anchoredIllinoisInvestment salesNews

KPR Centers Acquires 195,000-Square-Foot Shopping Center in Suburban Chicago for $40 Million

by Abby Cox

Niles, Ill. — New York City-based KPR Centers has acquired Pointe Plaza, a 195,000-square-foot shopping center located in Niles, roughly 15 miles north of downtown Chicago, for $40 million. A Fresh Farms grocery store anchors the property, which was 94 percent leased at the time of sale. Other tenants include Ross Dress for Less, dd’s Discounts, Daiso, America’s Best Contacts & Eyeglasses, Bath & Body Works, Crumbl Cookies and Verizon Wireless, along with multiple free-standing outparcels such as Chick-fil-A, Walgreens and Wells Fargo. Richard Frolik, Christian Williams and George Good …

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Cordova Village
CaliforniaGrocery-anchoredInvestment salesNews

JLL Negotiates $20.3 Million Sale of Cordova Village in Metro Sacramento

by Abby Cox

Rancho Cordova, Calif. — JLL Capital Markets has negotiated the $20.3 million sale of Cordova Village, a 60,617-square-foot Safeway-anchored retail center in Rancho Cordova, roughly 13 miles east of downtown Sacramento. The property features three single-tenant buildings, which were fully leased at the time of sale to tenants including Safeway, Safeway Fuel Station and Bank of America. Cordova Village was built in 2001 on 7.2 acres. Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL’s Investment Sales and Advisory team represented the seller, McNellis Partners, in the transaction. The buyer was an undisclosed …

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Rialto Village
CaliforniaGrocery-anchoredInvestment salesNews

NewMark Merrill Cos. Sells 92,000-Square-Foot Grocery Anchored Shopping Center in Southern California

by Abby Cox

Rialto, Calif. — NewMark Merrill Cos. has sold Rialto Village, a 92,000-square-foot shopping center located in the Inland Empire city of Rialto. NewMark Merrill — which developed and constructed the center — will continue to manage the property on behalf of the buyer, Langdon Street Capital. Chris Renard of Commercial Realty Consultants arranged acquisition financing for the deal. Reza Etedali, Ramez Barsoum and Aaron Bettencourt of REZA Investment Group represented NewMark Merrill and Langdon Street Capital, while Sandy Sigal, James Patton, Brad Pearl and Sandra Kist of NewMark Merrill oversaw the transaction. …

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Belleview Shopping Center
Grocery-anchoredInvestment salesLouisianaNews

Legacy Realty Group Negotiates Sale of Belleview Shopping Center in Metro Baton Rouge, Louisiana

by Abby Cox

Plaquemine, La. — Legacy Realty Group Advisors has negotiated the sale of Belleview Shopping Center, an 84,146-square-foot shopping center located in Plaquemine, roughly 14 miles south of Baton Rouge. Rouses Supermarkets anchors the property. Additional tenants include Dollar General, CitiTrends, Hibbett Sports and AT&T. Belleview Shopping Center was built in 1992 on 7.5 acres. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction, while Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller.

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Quarry Center
Grocery-anchoredNewsPennsylvania

CBRE Arranges Sale of 222,512-Square-Foot Shopping Center in Metro Philadelphia

by Abby Cox

Havertown, Pa. — CBRE has arranged the sale of Quarry Center, a 222,512-square-foot shopping center located in Havertown, approximately nine miles west of Philadelphia. The property sold for more than $80 million, as reported by the Philadelphia Business Journal. Giant Food and Lowe’s Home Improvement anchor the property, which was fully leased at the time of sale. Additional tenants include an Xfinity Store by Comcast, Panera Bread and Chipotle Mexican Grill. Quarry Center was originally built in 2013 on 31 acres. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith …

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Westcliff Shopping Center
DevelopmentGrocery-anchoredNewsTexas

Partners Capital Completes Restoration of Westcliff Shopping Center in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Partners Capital, the investment platform of Partners Real Estate, has completed the renovation of Westcliff Shopping Center, a 134,750-square-foot grocery-anchored, neighborhood shopping center located near Texas Christian University (TCU) in Fort Worth. The revitalization of the center’s 22,000-square-foot façade included modern updates, while also restoring its original character to honor North Texas’ architectural style. Partners Capital originally acquired Westcliff Shopping Center in late 2023 as the first property in its Opportunity Fund V. The renovation began in December 2024, which featured the preservation, cleaning and refinishing of …

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GeorgiaGrocery-anchoredInvestment salesNews

ShopOne, Partners Acquire Stockbridge Lakes Shopping Center in Metro Atlanta

by Abby Cox

Stockbridge, Ga. — A joint venture between ShopOne Centers REIT Inc., Pantheon and an undisclosed global institutional investor have purchased Stockbridge Lakes, a 78,605-square-foot shopping center located in Stockbridge, roughly 20 miles southeast of Atlanta. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports Marietta, Georgia-based Retail Planning Corp. was the seller. Publix anchors the shopping center, which also houses Burn Boot Camp, Great Clips, Dr. Brown Pediatric Dentistry and Domino’s Pizza. Stockbridge Lakes has approximately 9,000 square feet of available space.

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