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Westcliff-Shopping-Center_Fort-Worth-Texas
Grocery-anchoredInvestment salesNewsTexas

DIG Brokers $14.8 Million Sale of Westcliff Shopping Center in Fort Worth, Texas

by Hayden Spiess

Fort Worth, Texas — Disney Investment Group (DIG) has brokered the $14.8 million sale of Westcliff Shopping Center, a 134,750-square-foot retail center located in Fort Worth. Albertsons anchors the property, which was 86 percent leased at the time of sale. DIG represented the seller, CTO Realty Growth, in the transaction and procured the buyer. Partners Capital, the investment platform of Partners Real Estate, acquired the center. Jess Dickie represented Partners on an internal basis, and Independent Financial provided acquisition financing.

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Gloucester-Town-Center_Sicklerville-N.J
Grocery-anchoredInvestment salesNew JerseyNews

IPA Arranges Sale of 102,660-Square-Foot Shopping Center in Metro Philadelphia 

by Hayden Spiess

Sicklerville, N.J. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of Gloucester Town Center, a 102,660-square-foot shopping center located in Sicklerville, roughly 23 miles outside Philadelphia. A 57,560-square-foot ACME Markets store anchors the property. Other tenants include Dollar Tree, Supercuts, AT&T, Pizza Hut and Mavis Discount Tires. Brad Nathanson of IPA represented the seller, KPR Centers, in the transaction. 

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Grocery-anchoredInvestment salesNewsTexas

STRIVE Arranges Sale of 239,610-Square-Foot Shopping Center in Dallas-Fort Worth Metro

by Hayden Spiess

Euless, Texas — STRIVE has arranged the sale of Euless Town Center, a 239,610-square-foot shopping center located in the Dallas-Fort Worth suburb of Euless. Ross Dress for Less and Aldi anchor the property. Other tenants include iT’Z Family Food and Fun, Dirt Cheap, SKECHERS, Sally Beauty, Mid-Cities Animal Urgent Care and Ichiban Buffet. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a California-based investor, in the transaction. 

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Pacific-Pearl-Pleasanton-CA
CaliforniaGrocery-anchoredInvestment salesNews

Newmark Brokers Sale of 110,511-Square-Foot Pacific Pearl Shopping Center in Pleasanton, California

by Hayden Spiess

Pleasanton, Calif. — Newmark has arranged the sale of Pacific Pearl, a 110,511-square-foot retail center located in Pleasanton. 99 Ranch Market anchors the property, which was developed in 2018. Other tenants include 85 Degrees Bakery, Mochinut, Kura Sushi and Bonchon Chicken. Tourmaline Capital acquired the property and has retained Vestar as manager. Nicholas Bicardo, Bill Bauman, Kyle Miller and Cheyne Bloch of Newmark facilitated the transaction.

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Grocery-anchoredInvestment salesNew YorkNews

CBRE Brokers Sale of 68,842-Square-Foot Single-Tenant Retail Property in New York

by Hayden Spiess

Somers, N.Y. — CBRE has arranged the sale of a 68,842-square-foot single-tenant retail property located in Somers, roughly 40 miles north of Manhattan. Stop & Shop fully occupies the building, which is situated within Somers Commons, a 134,760-square-foot retail center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Ceruzzi Properties, in the transaction. CBRE also procured the buyer, an undisclosed institutional investor.

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montgomery-promenade-new-jersey
DevelopmentGrocery-anchoredMixed-useNew JerseyNews

SJC Ventures Breaks Ground on 54-Acre Mixed-Use Development in New Jersey 

by Hayden Spiess

Montgomery Township, N.J. — SJC Ventures, a privately held commercial real estate and retail development firm based out of Atlanta, has broken ground on Montgomery Promenade in the New York City suburb of Montgomery Township. Situated on a 54-acre site on Route 206, Montgomery Promenade will comprise 292,700 square feet and feature palisades for walking, green spaces, outdoor dining and restaurants. According to the Montgomery Township website, the project also includes 34 single-family detached homes that buffer the existing homes on Route 518 and the new shopping center. A Whole Foods …

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Bristol-Place_Attleboro-Mass
Grocery-anchoredInvestment salesMassachusettsNews

RK Centers Acquires 415,404-Square-Foot Shopping Center in Massachusetts

by Hayden Spiess

Attleboro, Mass. — RK Centers has acquired Bristol Place, a 414,404-square-foot shopping center located in Attleboro. Moving forward, the property, which was 96 percent leased at the time of sale, will be rebranded as RK Bristol Place. Tenants at the center include Market Basket, The Home Depot, T.J. Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture and Party City. An affiliate of Unison Realty Partners sold the property for an undisclosed price. Nat Heald represented the seller in the transaction.

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Island-Road-Shopping-Center_Theodore-Ala
AlabamaGrocery-anchoredInvestment salesNews

Dorsey Development Purchases 59,822-Square-Foot Island Road Shopping Center in Theodore, Alabama

by Hayden Spiess

Theodore, Ala. — Dorsey Development, an entity owned and operated by G. Paul Dorsey III, has purchased Island Road Shopping Center in Theodore. Winn-Dixie anchors the property, which totals 59,822 square feet. Other tenants at the center include Pizza Hut, Subway, Buddy’s Home Furnishings and Premier Nails. 

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Spring-Hope-Commons_Spring-Hope-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Brokers $4.8 Million Sale of Retail Center in North Carolina

by Hayden Spiess

Spring Hope, N.C. — Legacy Realty Group Advisors has brokered the $4.8 million sale of Spring Hope Commons, a 47,950-square-foot retail center located in Spring Hope. Food Lion anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

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Lowes-Foods_Pittsboro-N-C
Grocery-anchoredLeasingNewsNorth Carolina

Five New Tenants Join Northwood Landing in Metro Raleigh, North Carolina

by Hayden Spiess

Pittsboro, N.C. — Five new tenants have joined the lineup at Northwood Landing, a 62,000-square-foot retail center recently developed in Pittsboro, roughly 35 miles east of Raleigh. Dunkin’ Donuts will occupy a 2,100-square-foot building, and FirstHealth of the Carolinas will open a 4,849-square-foot clinic at the property. Vet Pets and Zaxby’s will join the center as well, leasing 2,750 and 3,162 square feet, respectively. Hubie’s Express Car Wash will also open at the property in the fourth quarter of this year. A 44,000-square-foot Lowes Foods anchors the center, which comprises multiple …

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