Grocery-anchored

Whole-Foods-Madison-Yards
Grocery-anchoredInvestment salesMixed-useNewsWisconsin

Mid-America Brokers Sale of 51,361-Square-Foot Single-Tenant Retail Property in Madison, Wisconsin

by Abby Cox

Madison, Wis. — Mid-America Real Estate Corp. has brokered the sale of a newly developed, single-tenant retail property located in Madison. Whole Foods Market occupies the 51,361-square-foot building, which serves as the anchor tenant for Madison Yards, a 21-acre mixed-use development under construction. Dan Rosenfeld, Andrew Lund, Nick Kohlmann and George Ghattas represented the seller, Summit Smith Development, in the transaction. The property was acquired by a private buyer. In addition to Whole Foods Market, Madison Yards will feature more than 500 luxury apartments and 400,000 square feet of medical/office space, as well …

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new-city-center
Grocery-anchoredInvestment salesNew YorkNews

Cronheim Arranges $33.3 Million in Financing for Grocery-Anchored Center in New City, New York

by Abby Cox

New City, N.Y. — Cronheim has arranged a $33.3 million bridge loan for New City Center, a 128,801-square-foot center located in New City, approximately 30 miles north of Manhattan. Dev Morris, Allison Villamagna, Brandon Szwalbenest, and Andrew Stewart of Cronheim secured the three-year loan through Voya Investment Management on behalf of a JV partnership between KABR Group and BTF Capital Fund. The loan provided 75 percent of the total project costs, with additional future funding available for capital improvements. Anchored by ShopRite, New City Center features a mix of tenants such …

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Grocery-anchoredInvestment salesMarylandNews

Federal Realty Acquires Congressional North Shopping Center in Maryland for $72.3 Million

by Abby Cox

Rockville, Md. — Federal Realty Investment Trust (FRT) has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, approximately 12 miles northwest of Washington, D.C., for $72.3 million. Aldi anchors the center, which spans 12 acres. Additional tenants include RH Outlet, Petco and Staples. FRT also owns Congressional Plaza, Federal Plaza, Montrose Crossing and Pike & Rose in Montgomery County, Maryland, among other properties.

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ALDI-Grocery-Anchored-Center
Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Brokers $13.7 Million Sale of Grocery-Anchored Shopping Center in McHenry, Illinois

by Abby Cox

McHenry, Ill. — Marcus & Millichap has brokered the $13.7 million sale of McHenry Town Center, a 94,658-square-foot, grocery-anchored center located in McHenry, roughly 55 miles southeast of Chicago. Built in 2003, the eight-suite property is home to Aldi, Petco, Five Below, Bath & Body Works, Michaels and Famous Footwear. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private family with offices overseas and in Chicago, and procured the 1031 exchange buyer.

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new-mark-shopping-center
Grocery-anchoredInvestment salesMissouriNews

Block & Co. Negotiates Sale of Grocery-Anchored Shopping Center in Kansas City

by Abby Cox

Kansas City, Mo. — Block & Co. Inc. Realtors has negotiated the sale of New Mark Shopping Center, an 81,884-square-foot neighborhood center located at North Oak Trafficway and 102nd Street in Kansas City. A 52,000-square-foot Sun Fresh Grocery anchors the center, which was 95 percent leased at the time of sale. David Block and Jay Friedman of Block & Co. represented the seller in the transaction. The buyer, an out-of-state investor, purchased New Mark Shopping Center for an undisclosed price. Block & Co. has managed and leased New Mark since acquiring the property in …

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Marcs Grocery Center
Grocery-anchoredInvestment salesNewsOhio

FNRP Purchases 63,317-Square-Foot Grocery-Anchored Shopping Center in Suburban Cleveland 

by Abby Cox

South Euclid, Ohio — First National Realty Partners (FNRP) has acquired Marc’s Grocery Center, a 63,317-square-foot shopping center located in the Cleveland suburb of South Euclid. Anchored by Marc’s, the property features a mix of other tenants including Starbucks Coffee, AT&T, NextDoor Urgent Care, Great Clips and Subway. Erin Patton of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the undisclosed seller in the transaction.

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river-exchange-lawrenceville
GeorgiaGrocery-anchoredInvestment salesNews

Sands Investment Group Brokers $23.4 Million Sale of Grocery-Anchored Center in Suburban Atlanta

by Abby Cox

Lawrenceville, Ga. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, grocery-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Kroger, Goodwill, …

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3030-N-Broadway
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers $50.1 Million Sale of 131,748-Square-Foot Grocery-Anchored Center in Chicago

by Abby Cox

Chicago — Mid-America Real Estate Corp. has brokered the sale of 3030 North Broadway, a 131,748-square-foot shopping center located in Chicago. L3 Capital acquired the property for $50.1 million. Ben Wineman and Joe Girardi of Mid-America Real Estate Corp. represented the seller, SITE Centers, in the transaction. Mariano’s anchors the five-story property, which features a mix of additional tenants including Club Studio, PNC Bank, Starbucks Coffee and Fresh Dental.

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Viva-White-Oak
DevelopmentGrocery-anchoredMarylandMixed-useNews

MCB Signs Costco to Anchor $2.8 Billion Viva White Oak Mixed-Use Development in Metro D.C.

by Abby Cox

Silver Spring, Md. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated roughly 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 …

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Centennial-Place-Shops
Grocery-anchoredInvestment salesNewsWisconsin

Mid-America Real Estate Brokers Sale of Centennial Place Shoppes in Milwaukee

by Abby Cox

Milwaukee — Mid-America Real Estate Corp. has brokered the sale of Centennial Place Shoppes, a 13,976-square-foot shopping center located less than four miles from downtown Milwaukee. Pick ‘n Save shadow-anchors the center, which was fully leased at the time of sale, according to LoopNet Inc. Additional tenants include Summit Credit Union, Domino’s Pizza, GNC, Great Clips, Chubby’s Cheesesteaks and T-Mobile. Rick Drogosz, Patrick Corrigan and Dan Rosenfeld of Mid-America Real Estate represented the seller, a joint venture between Boulder Venture and General Capital Group, in the transaction. The center was acquired by a public REIT.

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