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FloridaGrocery-anchoredInvestment salesNews

Marcus & Millichap Arranges $30 Million Sale of Shopping Center in Pompano Beach, Florida

by Hayden Spiess

Pompano Beach, Fla. — Marcus & Millichap has arranged the $30 million sale of Shoppers Haven, a 205,567-square-foot shopping center in Pompano Beach. Built in 1964 and renovated in 1999, 2013 and 2023, the property will see the addition of a new Publix supermarket, with construction scheduled to begin over the next 30 days. The buyer, Stiles Corp., also plans to implement improvements to storefronts, façades, landscaping, the parking lot and signage. Tenants at the center include Michaels, Bealls, Walgreens, Party City, YouFit, Outback Steakhouse, Comcast, H&R Block, Domino’s Pizza and …

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Central Crossing
Grocery-anchoredInvestment salesNewsVirginia

Legacy Brokers $10.9 Million Sale of Retail Center in Richmond, Virginia

by Hayden Spiess

Richmond, Va. — Legacy Realty Group Advisors has brokered the $10.9 million sale of Central Crossing, a retail center located in Richmond. Food Lion anchors the property, which totals 70,178 square feet. Jacob Baruch of Legacy represented both the buyer and seller in the transaction. 

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Village-Green-at-Bridgeland-Central-Houston
DevelopmentGrocery-anchoredNewsTexas

Howard Hughes Underway on 70-Acre Retail Development in Houston

by Hayden Spiess

Houston — Howard Hughes Holdings is underway on construction of Village Green at Bridgeland Central, a 70-acre retail development in northwest Houston. Situated within the 925-acre Bridgeland master-planned community, Village Green will comprise a 100,000-square-foot H-E-B grocery store and 28,000 square feet of inline retail and restaurant space. The development will also feature multiple outdoor dining spaces and connectivity to Bridgeland’s network of walking trails. H-E-B is scheduled to open later this year, with the inline space scheduled for a spring 2025 delivery. Tal McIver of McIver Properties represented H-E-B in …

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Chesire-Crossing_Cheshire-Conn
ConnecticutDevelopmentGrocery-anchoredNews

Regency to Develop 152,000-Square-Foot Retail Center in Cheshire, Connecticut 

by Hayden Spiess

Cheshire, Conn. — Regency Centers has acquired land in Cheshire, with plans to develop a 152,000-square-foot retail center at the site. Dubbed Cheshire Crossing, the property will comprise the retail component of the master-planned Stone Bridge Crossing community. Whole Foods Market will anchor the center, which will also feature a 23,000-square-foot T.J. Maxx, 18,000 square feet of junior anchor space, five outparcels and 38,000 square feet of inline shop space. 

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Heritage-Crossing_Kinston-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Brokers $3.5 Million Sale of Heritage Crossing Shopping Center in Kinston, North Carolina

by Hayden Spiess

Kinston, N.C. — Legacy Realty Group Advisors has brokered the $3.5 million sale of Heritage Crossing, a 50,467-square-foot shopping center located in Kinston. Food Lion, Rainbow and Hibbett Sports anchor the property. Jacob Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction. 

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Shops-at-Covington-Town-Center_Covington-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Arranges Sale of 62,787-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Covington, Ga. — Cushman & Wakefield has arranged the sale of Shops at Covington Town Center, a 62,787-square-foot retail center located in Covington, roughly 35 miles outside Atlanta. Opened in 2023, the center is anchored by a 48,387-square-foot Publix, with an additional 14,400 square feet of retail space. A joint venture between The Sembler Co. and Berkeley Development was the developer and seller of the property, which is situated within a master-planned project featuring residential and hotel space. Margaret Jones, Lane Breedlove, Adam Feinstein, Mark Gilbert and Mitchell Halpern of Cushman …

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Garden-Oaks-Shopping-Center_Houston
Grocery-anchoredInvestment salesNewsTexas

Whitestone REIT Acquires 107,000-Square-Foot Retail Center in Houston

by Hayden Spiess

Houston — Whitestone REIT has acquired Garden Oaks Shopping Center, a 107,000-square-foot retail center located in Houston. Aldi anchors the property, which was 96 percent leased to 19 retailers at the time of sale. Other tenants at the center include Planet Fitness and Dollar Tree.  

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ArizonaGrocery-anchoredInvestment salesNews

Prairie Hill Acquires Shopping Center in Tucson, Arizona for $27.5 Million

by Hayden Spiess

Tucson, Ariz. — Prairie Hill Holdings has acquired Rillito Crossing Marketplace, a shopping center located in Tucson, for $27.5 million. A 96,424-square-foot Sprouts Farmers Market anchors the property. LA Fitness is also a tenant at the center, which includes an empty parcel that allows for up to 25,000 square feet of additional development and another undeveloped parcel situated at the entrance of the property. 

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Sprouts
ArizonaDevelopmentGrocery-anchoredLeasingNews

Sprouts Farmers Market to Open 23,228-Square-Foot Store in Yuma, Arizona

by Hayden Spiess

Yuma, Ariz. — Sprouts Farmers Market will open a 23,228-square-foot store in Yuma, marking the second location in the city for the Phoenix-based grocer. In addition to the Yuma Foothills Sprouts store, the property will feature an additional 11,250 square feet of attached, inline retail space. The Spencer Cos. is the landlord and project developer. Regan Amato of JLL’s Phoenix office represented Sprouts in the lease negotiations, and Thomas J. Pancrazi of A.T. Pancrazi Real Estate Services represented The Spencer Cos. A construction timeline was not disclosed. 

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ConnecticutGrocery-anchoredInvestment salesNews

JLL Brokers $15.9 Million Sale of Northern New Jersey Shopping Center

by Hayden Spiess

Stratford, Conn. —Atlantic Capital Partners has negotiated the $24.6 million sale of North Town Center, a 115,000-square-foot shopping center located in the southern coastal Connecticut city of Stratford. Big Y Supermarket has anchored North Town Center, which was 93 percent leased at the time of sale, since 2008. Other tenants at the property include X-Golf, Town Line Liquors and Town Fair Tire. Justin Smith, Chris Peterson, Sam Koonce and Matt Ericson of Atlantic Capital Partners represented both the buyer and seller in the transaction. Stephen Joseph of Atlantic Capital arranged long-term …

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