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Grocery-anchored

Sprouts-Shops-at-Brick-and-Mortar_Kyle-Texas
DevelopmentGrocery-anchoredNewsTexas

GBT to Develop 42,000-Square-Foot Grocery-Anchored Shopping Center in Texas

by Hayden Spiess

Kyle, Texas — GBT Realty Corp. has announced plans for the development of a 42,000-square-foot shopping center in Kyle, approximately 20 miles outside Austin. A 23,250-square-foot Sprouts Farmers Market will anchor the property, which will be situated within the 2,200-acre Plum Creek master-planned community. Dubbed Shops at The Brick and Mortar District, the center will include an additional 18,500 square feet across three buildings. GBT acquired the five-acre development site in 2023 for $3.2 million and is currently underway on site work. Vertical construction is scheduled to begin this quarter, and …

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Publix
GeorgiaGrocery-anchoredInvestment salesNews

IPA Brokers $16 Million Sale of Shopping Center in LaGrange, Georgia

by Hayden Spiess

LaGrange, Ga. — Zach Taylor of Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $16 million sale of a newly built shopping center located in LaGrange. Publix anchors the property, with a 10-year lease on the store. Taylor represented the seller, an Atlanta-based developer, in the transaction and procured the 1031 exchange buyer. 

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Naperville-Ill-rendering
DevelopmentGrocery-anchoredIllinoisNews

NewQuest Asia-Pacific Retail to Redevelop 140,892-Square-Foot Shopping Center in Naperville, Illinois

by Hayden Spiess

Naperville, Ill. — NewQuest Asia-Pacific Retail is scheduled to break ground in February on the redevelopment of a former Dominick’s-anchored shopping center in Naperville. The Houston-based developer acquired the 140,892-square-foot property eight months ago in an off-market transaction. The 27-year-old center is 35 percent leased. NewQuest Asia-Pacific Retail specializes in development opportunities in markets with Asian-dense populations. The developer plans to reposition the Naperville shopping center with an Asian focus and incorporate green spaces. To date, roughly 62,000 square feet of leases are in various stages of negotiations, including a commitment …

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FinanceGrocery-anchoredNew JerseyNews

JLL Secures $8.3 Million Refinancing for Jersey Shore Shopping Center

by Hayden Spiess

Barnegat, N.J. — JLL has secured an $8.3 million loan for the refinancing of Barnegat Village Square, a 70,491-square-foot shopping center located in Barnegat on the Jersey Shore. Built in 1998, the property was 97 percent leased at the time of financing. ACME Markets anchors the center. Other tenants include Barnegat Wine & Spirits, China King, AtlantiCare Urgent Care, Marchioni’s, Dazzlz Salon and Burger King. Jim Cadranell and Michael Mataras of JLL arranged the 10-year, fixed-rate loan through Provident Bank on behalf of the borrower, an affiliate of Walters Group.

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Galt-Ocean-Marketplace_Fort-Lauderdale-Fla
FinanceFloridaGrocery-anchoredNews

CBRE Secures $17 Million Refinancing for Shopping Center in South Florida

by Hayden Spiess

Fort Lauderdale, Fla. — CBRE has secured a $17 million loan for the refinancing of Galt Ocean Marketplace, a 105,589-square-foot shopping center located in Fort Lauderdale. Winn-Dixie anchors the property, which was built in 1988 and was 96 percent occupied at the time of sale. Other tenants at the center include CVS/pharmacy, Holy Cross Hospital and McDonalds. Kitson & Partners acquired the property in 2006. Ahmed and Mackenzie Lampman of CBRE arranged the financing through a regional bank on behalf of the borrower. 

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Tred-Avon-Square_Easton-Md
Grocery-anchoredInvestment salesMarylandNews

Synergy Investment Fund Acquires 147,668-Square-Foot Retail Center in Easton, Maryland

by Hayden Spiess

Easton, Md. — Synergy Investment Fund has acquired Tred Avon Square, a 147,668-square-foot retail center located in Easton. ACME, Big Lots, Easton Cinemas, Rent-A-Center, Sherwin Williams, My Eye Dr., Dunkin’ Donuts, Osteria Alfredo, Ship and Print, Subway, Hong Kong Kitchen, Nails & Spa, Lendmark, Chincheck Sports Locker, T-Mobile, Admiral Cleaners, Rusty Hook Bait and Tackle and Spin Groove Records are tenants at the property. SVN | Miller Commercial Real Estate represented the buyer in the transaction. Ross Benincasa and Ryan Finnegan of SVN | Miller will oversee leasing at the center.

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Hilltop-Village_Oxford-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Arranges $5.1 Million Sale of Shopping Center in Oxford, North Carolina

by Hayden Spiess

Oxford, N.C. — Legacy Realty Group Advisors has arranged the $5.1 million sale of Hilltop Village, an 80,000-square-foot shopping center located in Oxford. Food Lion anchors the property. Jacob Baruch and Jonah Warshaw of Legacy represented the buyer in the transaction. Adam Palmer of LQ Commercial Real Estate Services represented the seller. 

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Matt-Town-Center_Cumming-Ga
GeorgiaGrocery-anchoredInvestment salesNews

JLL Brokers $30 Million Sale of Matt Town Center in Metro Atlanta

by Hayden Spiess

Cumming, Ga. — JLL Capital Markets has brokered the $30 million sale of Matt Town Center, an 81,077-square-foot retail center located in Cumming, roughly 40 miles northeast of Atlanta. Publix anchors the property, which was built in 2020. Other tenants at Matt Town Center, which was 95 percent occupied at the time of sale, include Domino’s, Great Clips, North Shore Dry Cleaners, Grand Nails, Sage Dental, Reveille Café, Dunkin’ Donuts, The UPS Store, EasyVet and Zaxby’s. The sale also included roughly 3.9 acres of undeveloped land, zoned for retail and office …

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Publix-Merganser-Commons_LaGrange
FinanceFloridaGeorgiaGrocery-anchoredInvestment salesNews

BWE Secures $16 Million Financing for Two Shopping Centers in Florida, Georgia

by Hayden Spiess

West Palm Beach, Fla. and LaGrange, Ga. — BWE has secured two loans totaling $16 million for the financing of a pair of shopping centers located in Florida and Georgia. The deals include a $6 million loan for the refinancing of Palm Beach Commons, a 70,000-square-foot, Family Dollar-anchored retail center in West Palm Beach; and a $10 million acquisition loan for Publix at Merganser Commons, a newly built, Publix-anchored shopping center spanning 46,791 square feet in LaGrange. Logan Petersmeyer of BWE originated both loans, which are underwritten with full-term, interest-only payments. 

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Wawa_Newark-Del
DelawareDevelopmentGrocery-anchoredNews

Reybold Underway on 17.3-Acre Retail Development in Newark, Delaware

by Hayden Spiess

Newark, Del. — Reybold Group is underway on the development of Pencader Corporate Center, a 17.3-acre retail development located in Newark. A 5,500-square-foot Wawa store opened at the property Dec. 15. Upon completion, the development will also feature a 10,000-square-foot childcare center and 12,000-square-foot multi-tenant retail space. 

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