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CaliforniaGrocery-anchoredInvestment salesNews

CBRE Brokers $27.7 Million Sale of Retail Center in Southern California

by Hayden Spiess

Temecula, Calif. — CBRE has brokered the $27.7 million sale of Meadows Village Center, a 67,336-square-foot retail center located in Temecula. Barons Market anchors the center, which was 96 percent leased at the time of sale. Other tenants include Starbucks Coffee, Wells Fargo, Palomar Health, Subway, Crumbl Cookies, The UPS Store and Pacific Dental. The property also features a CVS/pharmacy, which was not included in the sale. Jimmy Slusher, Philip Voorhees and James Tyrrell of CBRE represented the seller, funds managed by affiliates of Fortress Investment Group LLC, in the …

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Jimbo's-San-Diego-rendering
CaliforniaDevelopmentGrocery-anchoredMixed-useNews

Jimbo’s Naturally! Signs 25,000-Square-Foot Lease in San Diego

by Hayden Spiess

San Diego — Jimbo’s Naturally has signed a 25,000-square-foot lease at The Row at Civita, Sudberry Properties’ 20-acre mixed-use development located in San Diego. The grocery store will be an anchor at the property, which is situated within the 230-acre master-planned community of Civita. Construction on the building is scheduled to begin in early 2025, with the opening planned for the second half of 2026. This will mark the fifth Jimbo’s store within San Diego County.

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DelawareDevelopmentGrocery-anchoredLeasingNews

Weis Markets to Anchor 280,000-Square-Foot Development in Northern Delaware

by Hayden Spiess

Middletown, Del. — Weis Markets will anchor Bayberry Town Center, a 280,000-square-foot mixed-use development scheduled to open in 2025 in Middletown. Weis will operate a 64,000-square-foot store at the property, which will be situated within the 1,500-acre master-planned Village of Bayberry community. Construction is scheduled to begin this fall. Upon completion, the center will also feature 31,000 square feet of office space, two green spaces and 145 townhomes.

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Summer-Center-Memphis
Grocery-anchoredInvestment salesNewsTennessee

JLL Brokers $18.4 Million Sale of Retail Center in Memphis

by Hayden Spiess

Memphis, Tenn. — JLL Capital Markets has brokered the $18.4 million sale of Summer Center, a retail center in Memphis. Built in 1957, the property comprises 136,673 square feet and was renovated in 1992 and 2008. Kroger, Ross Dress for Less, Five Below and Aaron’s anchor the center, which was 97 percent leased at the time of sale. Jim Hamilton, Brad Buchanan and Andrew Kahn represented the seller, a joint venture between Forge Capital Partners and The Sembler Co. United Properties Corp. acquired the property.

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Spencerport-Village-Plaza-Spencerport-N.Y
Grocery-anchoredInvestment salesNew YorkNews

Legacy Arranges Sale of 99,306-Square-Foot Shopping Center in Metro Rochester

by Hayden Spiess

Spencerport, N.Y. — Legacy Realty Group Advisors has arranged the sale of Spencerport Village Plaza, a 99,306-square-foot shopping center located in Spencerport, roughly 11 miles outside Rochester. Tops anchors the property. Daniel Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.

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Grocery-anchoredInvestment salesNew JerseyNews

Astoria Realty Corp. Sells Northern New Jersey Retail Strip Center for $6.2 Million

by Hayden Spiess

Teaneck, N.J. — Astoria Realty Corp. has sold a 20,413-square-foot retail strip center located in the Northern New Jersey community of Teaneck for $6.2 million. The property was originally built in 1930 and renovated earlier this year. Glatt’s Express Supermarket serves as the anchor of the center, which was 93 percent leased at the time of sale. Karly Iacono of CBRE represented Astoria Realty Corp. in the transaction.

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Debary-Commons-Debary-Fla
FloridaGrocery-anchoredInvestment salesNews

Legacy Brokers $5.3 Million Sale of Debary Commons in Metro Orlando

by Hayden Spiess

Debary, Fla. — Legacy Realty Group Advisors has brokered the $5.3 million sale of Debary Commons, a shopping center located in Debary, roughly 26 miles outside Orlando. Winn Dixie anchors the 64,000-square-foot property. Jacob Baruch, Daniel Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.

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Southwood-Shops_Bradenton
FloridaGrocery-anchoredInvestment salesNews

IPA Brokers $12.1 Million Sale of Southwood Shops in Metro Tampa

by Hayden Spiess

Bradenton, Fla. — Marcus & Millichap’s Institutional Property Advisors (IPA) has brokered the $12.1 million sale of Southwood Shops, a 107,697-square-foot shopping center located in the Tampa suburb of Bradenton. Kirk Olson and Drew Kristol of IPA represented the seller, an entity doing business as Bradwood Shopping Center Co. Ltd., and procured the buyer, a Miami-based partnership doing business as Southwood Shops LLC. Built in 1981, Southwood Shops was fully leased at the time of sale to tenants including Winn-Dixie.

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Center-at-Hudson-Hudson-Mass
Grocery-anchoredInvestment salesMassachusettsNews

Horvath & Tremblay Arranges $21.9 Million Sale of Shopping Center in Hudson, Massachusetts

by Hayden Spiess

Hudson, Mass. —Horvath & Tremblay has arranged the $21.9 million sale of Center at Hudson, a shopping center located in Hudson. A 58,266-square-foot freestanding Stop & Shop anchors the property, which includes an additional 26,339 square feet. Bob Horvath and Todd Tremblay of Horvath & Tremblay brokered the sale on behalf of the undisclosed seller and procured the buyer.

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Delray-Landing-Delray-Beach-Fla
FloridaGrocery-anchoredLeasingNews

PEBB Signs Leases Totaling 27,099 Square Feet at Delray Landing in Florida

by Hayden Spiess

Delray Beach, Fla. — PEBB Enterprises has signed new leases totaling 27,099 square feet at Delray Landing, a shopping center the company is currently redeveloping in Delray Beach. Retro Fitness will occupy 17,299 square feet at the property and Crown Wine will lease 4,100 square feet. Keke’s Breakfast Café and a dentist office will also open at the center, leasing 4,200 and 1,500 square feet, respectively. Sprouts Farmers Market anchors the property, which is also leased to Burger King and Taco Bell. PEBB acquired the shopping center in June 2021 …

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