Chicago — Mid-America Real Estate Corp. has arranged the sale of Marketplace at Six Corners, a 116,941-square-foot shopping center in Chicago. Newmark Merrill purchased the asset for an undisclosed price. Anchor tenants at the property include Jewel-Osco, Marshalls, PetSmart and Famous Footwear. Rick Drogosz of Mid-America represented the seller, IRC Retail Centers/DRA Advisors. Pine Tree managed the center on behalf of the seller at the time of sale.
Sarasota, Fla. — Publix Super Markets has opened a 48,000-square-foot grocery store at Fruitville Farms, a mixed-use development currently underway in Sarasota. Benderson Development is the master developer of the public-private partnership, which will feature 150,000 square feet of retail and restaurants, in addition to 600 apartments and a new 120,000-square-foot Sarasota County Administration Center. Publix is the first tenant to open at the shopping center within Fruitville Farms.
Kissimmee, Fla. — JLL Capital Markets has arranged a $47.1 million loan for the refinancing of The Crosslands, a 529,212-square-foot retail center in Kissimmee, roughly 20 miles outside Orlando. The borrower is a joint venture between Hampshire Cos., Federated Hermes and O’Connor Capital Partners. The Fresh Market, Burlington, Academy Sports, Hobby Lobby, Marshalls/HomeGoods and Ross Dress for Less anchor the property, which was developed between 2014 and 2016 and fully leased at the time of financing. Jon Mikula, Michael Klein, Brian Gaswirth, Michael Kavaler and Val McWilliams of JLL secured the …
Sandy Springs, Ga. and Tamarac, Fla. — Jamestown has purchased two grocery-anchored shopping centers totaling roughly 284,000 square feet. The acquired properties include Fountain Oaks — a 160,000-square-foot, Kroger-anchored center in Sandy Springs, Georgia — and Tamarac Town Square, a 124,000-square-foot, Publix-anchored center located in Tamarac, Florida. The properties were 92 percent and 84 percent leased at the time of sale, respectively. Edens sold Fountain Oaks for an undisclosed price, and Regency Centers sold Tamarac Town Square for an undisclosed price. JLL represented both sellers in the transactions. Jamestown plans to …
Mount Airy, N.C. — Legacy Realty Group Advisors has brokered the sale of Independence Square, a 63,507-square-foot shopping center located in Mount Airy. The property was 97 percent leased at the time of sale, to tenants including Ollie’s Bargain Outlet, Dollar General and USPS. Jacob Baruch of Legacy Realty Group represented the seller in the transaction, and Kevin Henry of Pine Forest Oak Island Realty represented the buyer.
Yakima, Wash. — Gantry has secured a $10 million permanent loan for the refinancing of Nob Hill Shopping Center, a retail center located in Yakima. Safeway anchors the property, which comprises 88,500 square feet. Tony Kaufmann and Erinn Cooke of Gantry arranged the 30-year, fixed-rate financing through a life insurance company on behalf of the borrower.
Oxnard, Calif. — Primestor Development has acquired Esplanade Shopping Center, a 357,000-square-foot retail center located in Oxnard, for $90 million. The Home Depot, Nordstrom Rack, Staples, Dick’s Sporting Goods, T.J. Maxx and Walmart Neighborhood Market anchor the property, which was 94 percent occupied at the time of sale. Other tenants at the center include Cost Plus World Market, Tilly’s, Boot Barn, In-N-Out Burger and BJ’s Brewery and Restaurant.
Mauldin, S.C. — Reedy River Retail at SVN Blackstream has arranged the acquisition of a 10.9-acre development site located at 1116 Ashmore Bridge Road in Mauldin, roughly 10 miles south of Greenville, S.C. The buyer, Atlanta-based Venture South Investments, plans to develop a Publix-anchored shopping center at the site. Dustin Tenney and Daniel Holloway of Reedy River Retail represented the buyer in the $4.6 million transaction. Plans for the site include the development of a 63,000-square-foot retail center anchored by a 45,000-square-foot Publix grocery store, as well as two outparcels. …
Braselton, Ga. — Branch Properties has acquired a site in Braselton for the development of Braselton Village, a 70,987-square-foot retail center. A 48,387-square-foot Publix will anchor the 20-acre development. The center will also feature five outparcels ranging from one to two acres. Completion is scheduled for the second quarter of 2025.
Colorado Springs, Colo. — M & J Wilkow and MetLife Investment Management have acquired Chapel Hills East in Colorado Springs, marking the fifth joint venture for the companies. Whole Foods Market anchors the retail center, which totals 225,000 square feet. Other tenants at the property, which was fully leased at the time of sale, include Nordstrom Rack, Best Buy, DSW, Old Navy, Barnes & Noble and Office Depot. The center was developed in 1995 and 1996.
