Grocery-anchored

Marketplace at Encino Park

San Antonio — JLL has arranged the sale of Marketplace at Encino Park, an 85,129-square-foot shopping center located in San Antonio. Sprouts Farmers Market anchors the property, which was fully leased at the time of sale. Additional tenants include Pet Supplies Plus, Burger King and F45 Training. Built in 2019, the center is situated on roughly 13 acres. Barry Brown, Erin Lazarus, Shea Petrick and Whitney Snell of JLL’s Investment Sales and Advisory team represented the seller, locally based Birnbaum Property Co., in the transaction. The buyer was InvenTrust Properties.

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Disston Plaza

St. Petersburg, Fla. — A joint venture between AEW Capital Management (AEW), Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the seller.  Publix anchors Disston Plaza, …

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Walmart Neighborhood Market

Orlando, Fla. — Colliers has negotiated the sale of the Shoppes at South Semoran, a 103,830-square-foot retail center located in Orlando, six miles directly north of the Orlando International Airport. Originally built in 1986, the property was renovated in 2013 with façade enhancements, as well as signage and parking lot improvements. Walmart Neighborhood Market anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Dollar Tree, Wendy’s and Suncoast Credit Union. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, an affiliate of …

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Publix

Florida and South Carolina — A joint venture between Bain Capital and 11North Partners has purchased a portfolio of 10 open-air retail centers in Florida and South Carolina for $395 million. The properties — which are located across the submarkets of Fort Lauderdale, Orlando, Tampa, Palm Beach and Charleston — include Sawgrass Square, Plantation Promenade, Miramar Commons, Rolling Oaks, Promenade at Poinciana, Solivita Marketplace, New Tampa Center, Lake Worth Plaza, Garden Shops at Boca and Point Hope Commons. The acquisition spans more than 1 million square feet and follows the …

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Miramar Parkway Plaza

Miramar, Fla. — Berger Commercial Realty has negotiated the $34 million sale of Miramar Parkway Plaza, a 159,628-square-foot retail center in Miramar near Hard Rock Stadium. Located at 3102-3300 University Drive, Presidente Supermarket anchors Miramar Parkway Plaza, which sits on roughly 14 acres. Additional tenants include McDonald’s, Foot Locker, AutoZone, Subway, Moby’s and Little Caesar’s. The center includes multiple outparcels and a second-story office component, as well as a recently constructed 10,000-square-foot retail component. Lawrence Oxenberg of Berger Commercial represented the buyer, LSG2 Miramar Parkway Plaza LLC, an affiliate of Longpoint …

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Eden Square

Bear, Del. — Atlanta-based The Lenox Group has purchased Eden Square, a 230,255-square-foot shopping center located in Bear, approximately 10 miles south of Wilmington. Giant Food anchors the center, which was 98 percent leased at the time of sale. Additional tenants include LA Fitness, Gabe’s, Citi Trends, Dollar Tree, Starbucks Coffee and Fulton Bank. Eden Square has secured 31,238 square feet of new leases, as well as 20,360 square feet of tenant renewals in the past three years. Jim Galbally, Jordan Lex, Patrick Higgins and Daniel Naughton of JLL’s Investment …

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Poplar Plaza

Memphis, Tenn. — JLL Capital Markets has secured $25.1 million in refinancing for Poplar Plaza, a 350,000-square-foot regional power center located near the University of Memphis. Brett Paulsrud, Gregg Shapiro, Amy Lousararian and Michael Schwarze of JLL’s Debt Advisory team arranged the seven-year, fixed-rate loan through Renasant Bank on behalf of the borrower, Finard Properties. The financing will support the interior and exterior renovation of The Angle, a 14,015-square-foot, multi-bay building on the corner of Poplar Avenue and South Highland Street. Kroger, which has operated at Poplar Plaza for more …

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Golden Acres Shopping Center

Morristown, N.J. — JLL Capital Markets has negotiated the $40 million sale of Golden Acres Shopping Center, a 219,848-square-foot retail center located in Morristown. The property is anchored by an 80,000-square-foot ShopRite that underwent renovations in 2016. Other tenants at the center include Shoppers World, Unique Thrift Store and a Wendy’s outparcel. Jose Cruz, J.B. Bruno, Kevin O’Hearn, Michael Kavaler and Joseph Lopresti of JLL’s Investment Sales and Advisory team represented the seller in the transaction. The buyer was a joint venture between Agus Holdings and TreeCo.

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Sprouts Farmers Market

Palm Beach Gardens, Fla. — Palm Beach Gardens, Florida-based Ram Realty Advisors has purchased a 600,000-square-foot retail portfolio of seven grocery-anchored shopping centers across the Southeast for $200 million. The portfolio includes Mainstreet at Midtown in Palm Beach Gardens, Florida; Homestead Market and Bull City Market in Durham, North Carolina; Holly Springs Crossing in Holly Springs, North Carolina; Mainstreet Village in Hilton Head Island, South Carolina; The Market at Mills Park in Orlando, Florida; and Blys in Oakland Park, Florida. The portfolio, which was 98.7 percent occupied at the time of …

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Palm Beach Promenade

West Palm Beach, Fla. and Buford, Ga. — Northbrook, Illinois-based Pine Tree has been selected to provide management services for two shopping centers owned by Invesco, which total 700,000 square feet. The properties include the Palm Beach Promenade in West Palm Beach, Florida, and Georgia Crossing in Buford, Georgia. Pine Tree’s Southeast management portfolio now totals 3.8 million square feet. The 300,000-square-foot Palm Beach Promenade is anchored by Whole Foods Market and features a mix of more than 100 tenants including Ross Dress For Less, TJ Maxx, Marshalls, HomeGoods and …

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