Grocery-anchored

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Company newsGrocery-anchoredInvestment salesMarylandNewsTexas

MCB Real Estate Completes Acquisition of Epic Real Estate Partners

by Abby Cox

Baltimore and Austin, Texas — MCB Real Estate, a privately held commercial real estate firm based in Baltimore, has completed the acquisition of Austin-based Epic Real Estate Partners. The transaction includes 15 grocery-anchored shopping centers owned in partnerships totaling more than 2 million square feet of retail space across 10 states, with a total portfolio value exceeding $575 million, as well as the operating company, which has 13 employees. The properties were cumulatively 92 percent leased at the time of the merger, and the ownership structure of all property-level limited partnerships …

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CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Arranges $20.3 Million Sale of Grocery-Anchored Center in Oxnard, California

by Abby Cox

Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Pleasant Valley Plaza, an 81,128-square-foot grocery-anchored shopping center in Oxnard, for $20.3 million. Originally built in 1961 and renovated in 2022, Pleasant Valley Plaza is 95 percent occupied and includes a mix of tenants including La Plaza Meat Market, O’Reilly Auto Parts, H Mart and Metro by T-Mobile, as well as various restaurants, service tenants and neighborhood retailers. Sean Cox and Kevin Fryman represented the seller, a private partnership based in Los Angeles. The buyer, a …

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The Shops at Evergreen Walk
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $98 Million Sale of The Shops at Evergreen Walk in Windsor, Connecticut

by Abby Cox

Windsor, Conn. — CBRE has arranged the $98 million sale of The Shops at Evergreen Walk, a 400,000-square-foot lifestyle center in Windsor, a northern suburb of Hartford. Brand Street Properties and Barings acquired the property, while Nat Heald of CBRE National Retail Partners represented the seller, PGIM, in the transaction. Anchored by Whole Foods Market, The Shops at Evergreen Walk features a mix of additional tenants including L.L. Bean, Apple, Anthropologie, Pottery Barn, Sephora, lululemon, Nike and Williams-Sonoma.

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FinanceGrocery-anchoredNew YorkNews

Newmark Arranges $425 Million Sale, Financing for The Shops at Skyview in New York City

by Abby Cox

New York City — Newmark has arranged the $425 million sale of The Shops at Skyview, a 555,000-square-foot grocery-anchored retail center located in the Flushing neighborhood of Queens in New York City. Jordan Roeschlaub, Nick Scribani, John Caraviello and Tim Polglase of Newmark secured a $289 million acquisition loan through Mizuho on behalf of the buyers, a joint venture between Acadia Realty Trust and TPG Real Estate. Adam Spies, Adam Doneger, Conor Lalor and Ben Lushing, also of Newmark, represented the seller, Perform Properties, in the transaction. Anchored by BJ’s Wholesale …

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Big Y Plaza
ConnecticutGrocery-anchoredInvestment salesNews

Marcus & Millichap Negotiates $14.3 Million Sale of Grocery-Anchored Center in Metro Hartford

by Abby Cox

Rocky Hill, Conn. — Marcus & Millichap has negotiated the $14.3 million sale of Big Y Plaza, a 60,947-square-foot grocery-anchored shopping center in Rocky Hill, approximately eight miles south of downtown Hartford. Built in 1988 on 14 acres, the property is fully occupied by Big Y Supermarket and Wells Fargo Bank. Joseph C. French Jr. and Jeffrey Stearney of Marcus & Millichap marketed the property on behalf of the seller, a private Connecticut-based company, and procured the buyer, a private New York-based investor. John Krueger was Marcus & Millichap’s broker of …

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Grocery-anchoredInvestment salesMichiganNews

Mid-America Negotiates Sale of 99,529-Square-Foot Grocery-Anchored Center in Grand Rapids, Michigan

by Abby Cox

Grand Rapids, Mich. — Mid-America Real Estate Corp. has negotiated the sale of Cascade East, a 99,529-square-foot community center located in Grand Rapids. Anchored by D&W Fresh Market, the center was 97 percent leased at the time of sale. Additional tenants include Hallmark, Sola Salon Studios, iSmash, Your Pets Naturally, HOTWORX, Warhammer and Pit Stop Catering. Ben Wineman, Eric Geskermann and Daniel Stern of Mid-America represented the seller, a publicly traded REIT, in the transaction. The property was acquired by Detroit, Michigan-based Batal Real Estate.

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GeorgiaGrocery-anchoredInvestment salesNews

JLL Negotiates $20.8 Million Sale of City Center Crossing in Metro Atlanta

by Abby Cox

Sandy Springs, Ga. — JLL Capital Markets has negotiated the $20.8 million sale of City Center Crossing, a 98,408-square-foot grocery-anchored shopping center in the Atlanta suburb of Sandy Springs. The center, which was fully leased at the time of sale, is home to a mix of tenants including a CHEF’STORE grocery store, Planet Fitness, Goldfish Swim School, Ready. Set. Fun., Hudson Grille and GolfTec. Henry Schaffer, Gregg Shapiro and Hunter Goldberg of JLL represented the buyer, Crosspoint Associates, in the transaction. Jim Hamilton, Brad Buchanan, Andrew Michols and Charlie Merrigan, also …

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FinanceGrocery-anchoredNevadaNews

Gantry Arranges $17.8 Million in Refinancing for Grocery-Anchored Center in Reno, Nevada

by Abby Cox

Reno, Nev. — Gantry has arranged a $17.8 million permanent loan to refinance North Reno Plaza, a 130,000-square-foot neighborhood center in Reno. Tony Kaufmann and Alex Poulos of Gantry represented the borrower, a private real estate investor, in securing the five-year, fixed-rate loan through one of Gantry’s lenders, which features a 30-year amortization schedule. The new loan will retire the construction debt Gantry previously arranged for the borrower for the 2024 repositioning of North Reno Plaza. The recent renovation features various center improvements, including the addition of several new tenants such …

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Grocery-anchoredInvestment salesNewsTexas

Dunhill Partners Acquires Two Grocery-Anchored Shopping Centers Totaling 220,938 Square Feet in Texas

by Abby Cox

Lubbock and Brownwood, Texas — Dunhill Partners has acquired two grocery-anchored retail centers in Texas. Spanning 220,938 square feet, the portfolio includes Northpark Village in Lubbock and Commerce Square in Brownwood. Chris Gerard and Adam Howells of JLL represented the seller, Phillips Edison & Co., in the transaction. Anchored by United Supermarkets, Northpark Village totals 70,479 square feet across 5.5 acres. Commerce Square, which consists of 150,459 square feet, is anchored by Aldi and features a mix of other national tenants such as T.J. Maxx, Boot Barn, Harbor Freight, Buffalo …

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Pacific-Town-Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers $27 Million Sale of Pacific Town Center in Stockton, California

by Abby Cox

Stockton, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $27 million sale of Pacific Town Center, a newly remodeled, 142,957-square-foot shopping center located in Stockton. Smart & Final Extra!, Chuze Fitness and Ross Dress for Less anchor the center, which was fully leased at the time of sale. Additional tenants include Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental. Pacific Town Center was originally built in 2003 on roughly 10 acres. Sean Cox and Kevin Fryman of Hanley represented the seller, …

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