Grocery-anchored

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FinanceGrocery-anchoredNew YorkNews

JLL Arranges $150 Million in Financing for Bay Terrace Shopping Center in Queens

by Abby Cox

New York City — JLL Capital Markets has arranged $150 million in financing for the Bay Terrace Shopping Center, a grocery-anchored retail property in the Bayside neighborhood of Queens. JLL secured the loan through New York Life Real Estate Investors on behalf of the locally based borrower, Cord Meyer Development. Located at the intersection of 26th Avenue and Bell Boulevard, Bay Terrace totals 326,445 square feet and was approximately 90 percent leased at the time of financing. Anchored by Stop & Shop, the property is also home to HomeGoods, AMC …

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GeorgiaGrocery-anchoredInvestment salesNews

Delza Properties, CedarPlaza Partners Acquire Grocery-Anchored Retail Center in Northwest Georgia for $10.3 Million

by Abby Cox

Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space. Mark Joines and Drew Fleming of …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of Food Lion-Anchored Shopping Center in Western North Carolina for $3 Million

by Abby Cox

Hickory, N.C. — Legacy Realty Group has arranged the sale of Mountain View Shopping Center, a 43,550-square-foot shopping center located in Hickory, about 58 miles north of Charlotte. Food Lion anchors the center, which was fully leased at the time of sale. Other tenants include Hannah’s BBQ South. Built in 1988, the property spans 7 acres, according to LoopNet Inc. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented both the buyer and seller in the off-market transaction.

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DevelopmentGrocery-anchoredNewsSouth Carolina

TSCG Signs Sprouts Farmers Market to Anchor Redevelopment Project in Columbia, South Carolina

by Abby Cox

Columbia, S.C. — TSCG has signed Sprouts Farmers Market to anchor Devine Crossing, a redevelopment project located in Columbia. The new 24,113-square-foot grocery store will occupy the former Piggly Wiggly site, which served the community for more than 50 years before closing in 2025. Locally based Cason Development acquired the 3.2-acre property last May. Alan Freeman of TSCG represented Sprouts Farmers Market in the lease negotiations. TSCG will also lease the remaining space at Devine Crossing. Along with Sprouts, Devine Crossing will include approximately 10,000 square feet of inline retail, as …

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DevelopmentGrocery-anchoredIllinoisNews

Associated Bank Provides $22.6 Million Loan for Acquisition, Redevelopment of Former Grocery Store in Metro Chicago

by Abby Cox

Buffalo Grove, Ill. — Associated Bank has provided a $22.6 million loan for the redevelopment of a former grocery store located at 1160 W. Lake Cook Road in Buffalo Grove, roughly 30 miles northwest of downtown Chicago. The acquisition also included an outparcel. Dubbed Chase Plaza, the project will convert the 66,083-square-foot vacant space into a two-tenant, grocery-anchored retail building occupied by Sprouts Farmers Market and Club Studio. Daniel Barrins of Associated Bank arranged the loan on behalf of the borrower and developer, Shorewood Development Group.

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Grocery-anchoredInvestment salesMississippiNews

Cleeman Realty Group Negotiates Sale of 136,000-Square-Foot, Grocery-Anchored Shopping Center in Southern Mississippi

by Abby Cox

Columbia, Miss. — Cleeman Realty Group has negotiated the sale of Columbia Marketplace, a 136,000-square-foot shopping center located in Marion County. Ramey’s Marketplace anchors the property, which was 72 percent occupied at the time of sale. Additional tenants include Advance America, Shoe Show, Fitness Depot, S+H Beauty, Boggie’s Restaurant and Liberty Tax. Jeremy Scheer of Cleeman Realty Group represented both the buyer and seller in the transaction.

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CaliforniaGrocery-anchoredInvestment salesNews

Mahoney & Associates Arranges $37.5 Million Sale of Carmel Rancho Shopping Center in California

by Abby Cox

Carmel-By-The-Sea, Calif. — Mahoney & Associates has arranged the $37.5 million sale of Carmel Rancho Shopping Center, a retail center located on the Central Coast of California in Carmel-by-the-Sea. Situated on a 295,335-square-foot land parcel, Carmel Rancho Shopping Center has 77,002 square feet of retail space. Tenants at the center include Lucky Supermarket and BevMo!. Ryan Edwards, Josh Jones and Patrick Stafford of Mahoney & Associates represented the buyer, Montage Health, and the undisclosed seller, in the deal.

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The_Marketplace_Redlands
CaliforniaDevelopmentGrocery-anchoredNews

Whole Foods Market-Anchored Retail Development Moving Ahead in Inland Empire

by Abby Cox

Redlands, Calif. — Redlands City Council has granted approval for the development of The Marketplace, a planned 71,900-square-foot grocery-anchored retail center located in the Inland Empire city of Redlands. Regency Centers will develop and KTGY will design the center. Anchored by a 36,000-square-foot Whole Foods Market, the project will feature four retail buildings with the capacity to be divided into 18 storefronts. In addition, a fifth pad building is planned to include a drive-thru with its own dedicated parking lot. Construction is expected to begin in late 2026, with completion …

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Grocery-anchoredInvestment salesNevadaNews

Brixton Capital Acquires Las Palmas Village Shopping Center in Las Vegas for $29.4 Million

by Abby Cox

Las Vegas — Brixton Capital has purchased Las Palmas Village, a 106,838-square-foot shopping center in Las Vegas, from Australia-based Cop Group for $29.4 million. Vons anchors Las Palmas Village, which was 95 percent occupied at the time of sale. Additional tenants include Starbucks Coffee, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell. Brixton plans to implement a capital improvements program, with renovations such as landscaping, new paint, roof repairs, HVAC and parking lot resurfacing upgrades. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while …

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Grocery-anchoredLeasingMixed-useNew JerseyNews

Triangle Equities, Incline Capital Sign Leases with Six New Tenants at The Crossings at Brick Church Near Manhattan

by Abby Cox

East Orange, N.J. — Triangle Equities and Incline Capital, alongside commercial leasing partner RIPCO Real Estate, have signed leases with six new tenants totaling 75,000 square feet at The Crossings at Brick Church, a mixed-use development under construction in East Orange, roughly 10 miles west of Manhattan. Burlington will occupy a 48,900-square-foot space, while Five Below will occupy 9,600 square feet. Women’s clothing retailer Rainbow will open a 6,400-square-foot store and Verizon will debut a 1,424-square-foot store. Healthcare provider Newark Community Health Center and Angel Nails will occupy 4,500 square feet and 3,400 square …

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