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Grocery-anchored

Merrimack-Village-Center_Merrimack-N.H
Grocery-anchoredInvestment salesNew HampshireNews

IPA Arranges $16.6 Million Sale of 82,292-Square-Foot Retail Center in New Hampshire

by Hayden Spiess

Merrimack, N.H. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of Merrimack Village Center, an 82,292-square-foot retail center located in Merrimack, roughly 50 miles northwest of Boston. An entity doing business as Merrimack Village Center LLC acquired the property for $16.6 million. Shaw’s anchors the center, which was constructed on 10 acres in 2006. Other tenants include Dental Designs of New England, KT Cleaners, Sweet Ginger, Pizzico, Subway, Hana, Bliss Nail Salon, Smoker’s Haven and Supercuts. The property was 99 percent occupied at the time of sale. …

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ArizonaGrocery-anchoredInvestment salesNews

JLL Brokers $27.5 Million Sale of Retail Center in Tucson, Arizona

by Hayden Spiess

Tucson, Ariz. — JLL Capital Markets has brokered the $27.5 million sale of Rillito Crossing, a 96,424-square-foot retail center located in Tucson. Prairie Hill Holdings acquired the center from Epic Real Estate Partners and Centerbridge. Developed in 2008, the property was 96 percent leased at the time of sale. Sprouts Farmers Market, which recently completed a $1.2 million interior remodel, anchors the center. Other tenants include Sola Salons, LA Fitness, Adrian’s Barbershop, Smoothie Factor, JK Nails, The Joint Chiropractic, The Tea Hub, Dao’s Tai Pan’s and Rita’s Italian Ice Custard. Two …

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Peachtree-Crossing_Peachtree-City-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Nuveen Acquires 80,7480-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Nuveen Real Estate has acquired Peachtree Crossing, an 80,748-square-foot shopping center located in Peachtree City, roughly 30 miles outside Atlanta. Harbour Real Estate Partners sold the property for an undisclosed price. Built in 1978 and renovated in 2011, the Fresh Market-anchored center was fully leased at the time of sale. Tenants at the property include Peachtree City Eye Center, Bintelli Golf Carts, Heirloom Market, Mina’s Hallmark, Hollywood Feed, Campanile’s Home Inside & Out, Georgia Shrimp Co. and W. Daly Salon. Brad Buchanan, Jim Hamilton and Andrew Michols …

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Midlothian-Towne-Center_Midlothian-Texas
Grocery-anchoredInvestment salesNewsTexas

YPI Acquires 147,161-Square-Foot Retail Center in Metro Dallas

by Hayden Spiess

Midlothian, Texas — Younger Partners Investments (YPI) has acquired Midlothian Towne Crossing, a 147,161-square-foot retail center located in Midlothian, roughly 25 miles south of Dallas. Kroger anchors the property, which was 99 percent leased at the time of sale. Other tenants include Ross Dress for Less, Burkes Outlet, JOANN Fabric and Crafts, Petco, Ulta Beauty and Famous Footwear. Out-lot parcels at the center feature restaurants including Chick-fil-A, McDonald’s and Chili’s. 

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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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