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Grocery-anchored

Butterfield Station
CaliforniaGrocery-anchoredInvestment salesNews

SRS Real Estate Arranges $9.8 Million Sale of 30,057-Square-Foot Retail Property in Southern California

by Abby Cox

Temecula, Calif. —SRS Real Estate Partners has arranged the $9.8 million sale of a single-tenant retail property situated within Butterfield Station, a 70,455-square-foot grocery-anchored retail center in Temecula. Fitness 19 occupies a 30,057-square-foot building at the center. This transaction completes the $26.5 million, four-parcel break-up strategy of Butterfield Station. As part of the break-up, in 2024, a 30,038-square-foot Smart & Final grocery store sold for $11.5 million, while a 5,360-square-foot multi-tenant strip center sold for roughly $2.3 million. The last of the properties included in the break-up was the 5,000-square-foot …

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CaliforniaGrocery-anchoredInvestment salesNews

Newmark Pacific Negotiates $45.5 Million Sale of Conejo Valley Plaza in Metro Los Angeles

by Abby Cox

Thousand Oaks, Calif. — Newmark Pacific has negotiated the $45.5 million sale of Conejo Valley Plaza, a 127,032-square-foot shopping center located in Thousand Oaks, approximately 38 miles west of Los Angeles. A Ralphs grocery store and Bank of America anchor the center, which was 68 percent leased at the time of sale. Additional tenants include Marshalls, HomeGoods and CVS Pharmacy. Pete Bethea, Rob Ippolito and Glenn Rudy represented the sellers, two entities doing business as Conejo Valley Plaza 1 LLC and Conejo Valley Plaza 2 LLC, in the transaction.

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HEB grocery store
Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 439,569-Square-Foot Northwoods Shopping Center in San Antonio

by Abby Cox

San Antonio — A joint venture between MCB Real Estate, Epic Real Estate Partners and Centerbridge Partners L.P.  has acquired Northwoods Shopping Center, a 439,569-square-foot lifestyle center in San Antonio. An HEB grocery store anchors the property and has operated at the site since its development in 1996. Additional tenants at the center, which was 91 percent leased at the time of sale, include Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy and Ulta Beauty. Truist Bank financed the acquisition.

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Tamarac Town Square
FinanceFloridaGrocery-anchoredNews

JLL Arranges $57.5 Million in Financing for Two Publix-Anchored Shopping Centers in South Florida

by Abby Cox

Miami Gardens and Tamarac, Fla. — JLL Capital Markets has arranged a combined $57.5 million in financing for two Publix-anchored shopping centers in South Florida. Matt Casey, Paul Adams, Hunter Rich and Aaliyah St. Louis of JLL’s Debt Advisory team arranged the loans through Synovus Bank on behalf of the borrower, Atlanta-based Jamestown. The first property, Country Club Plaza in Miami Gardens, totals 100,893 square feet and is leased to tenants including CVS and Panera Bread. Cypress Commons — formerly known as Tamarac Town Square — is the second property, which …

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Heisman Square
Grocery-anchoredInvestment salesNewsOklahoma

STRIVE Negotiates Sale of 28,875-Square-Foot Retail Center Near Oklahoma City

by Abby Cox

Norman, Okla. — STRIVE has negotiated the sale of Heisman Square, a 28,875-square-foot retail center located in Norman, near the University of Oklahoma campus. Local grocery chain Homeland anchors the property, which was 87 percent leased at the time of sale. Other tenants at Heisman Square include Ace Hardware, Cato, At The Beach and Supercuts. Braden Bratcher and Hudson Lambert of STRIVE represented the seller, a Los Angeles-based private partnership, and sourced the buyer, a Southeast-based partnership, in the transaction. The sales price was not disclosed.

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Sprouts Farmers Market
CaliforniaGrocery-anchoredLeasingNews

Sprouts Signs 23,300-Square-Foot Lease at Jurupa Valley Spectrum Shopping Center in California 

by Abby Cox

Jurupa Valley, Calif. — Sprouts Farmers Market has signed a 23,300-square-foot anchor lease at Jurupa Valley Spectrum Shopping Center, a 124,817-square-foot shopping center located in Jurupa Valley. The new Sprouts store, which is scheduled to open in 2026, will occupy a portion of a former movie theater that closed last year. Additional tenants at the property include Crunch Fitness, Big 5, Starbucks Coffee, AT&T, Walgreens, DaVita, Wingstop, T-Mobile and Verizon Wireless.  Roxanne Klein of Progressive Real Estate Partners marketed the property and represented the center’s owner, Kite Family LP, in the transaction. Ryan Sullivan and Jeff …

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Red Bird Center
FloridaGrocery-anchoredInvestment salesNews

JLL Negotiates $62.1 Million Sale of Red Bird Center in Miami

by Abby Cox

Miami — JLL Capital Markets has arranged the $62.1 million sale of Red Bird Center, a 92,089-square-foot retail center located in Miami. Milam’s Markets anchors the property, which was fully occupied at the time of sale. Additional tenants include Walgreens, Orion Fuels and Ace Hardware. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment Sales and Advisory team represented the seller, Red Bird Associates, in the transaction. The buyer was Charlotte, North Carolina-based Asana Partners.

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Edgewater Towne Center
Grocery-anchoredInvestment salesMixed-useNew JerseyNews

JLL Arranges $53.5 Million Sale of Edgewater Towne Center in Metro New York City

by Abby Cox

Edgewater, N.J. — JLL has arranged the $53.5 million sale of Edgewater Towne Center, a mixed-use development located in Edgewater, roughly eight miles from New York City. The property comprises 76,414 square feet of retail space and 64 apartment units. The retail portion of Edgewater Towne Center was 98 percent leased at the time of sale and features a mix of tenants including Club Pilates, Amazon One Medical, Bond Vet and Pure Barre. Whole Foods Market anchors the property. Meanwhile, the residential component of the building was 94 percent occupied. …

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Twelve Oaks
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Sells 104,915-Square-Foot Shopping Center in Savannah, Georgia, for $35.8 Million

by Abby Cox

Savannah, Ga. — Atlantic Capital Partners has sold Twelve Oaks, a 104,915-square-foot neighborhood shopping center located in Savannah, for $35.8 million. The property was 99 percent leased at the time of sale. Publix anchors Twelve Oaks, which has operated at the site since 1992. Additional tenants include Sephora, Cold Stone Creamery, Great Clips, Five Guys Burgers & Fries, LensCrafters and Bonefish Grill. Twelve Oaks was built in 1985 and is situated on approximately 10 acres. Fred Victor of Capital Markets represented both the buyer, Downers Grove, Illinois-based InvenTrust, and the seller, …

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Bernal Plaza
CaliforniaFinanceGrocery-anchoredNews

BISON Partners, PCCP Receive $29 Million in Financing for Bernal Plaza Shopping Center in San Jose, California

by Abby Cox

San Jose, Calif. — A joint venture between Southern California-based BISON Partners and PCCP has received $29 million in financing for the acquisition of Bernal Plaza, a 139,559-square-foot open-air retail center in San Jose. Lucky Supermarket anchors Bernal Plaza, which was 94 percent leased at the time of sale. Other tenants at the property include Ross Dress for Less, Staples, American Barbell Clubs, Starbucks Coffee, McDonald’s, Shell and Nick the Greek. Built in 1999, Bernal Plaza spans roughly 16 acres. Alex Olson, Todd Sugimoto, Lauren Sackler and Danny Ryan of …

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