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Grocery-anchored

Westgate North
Grocery-anchoredInvestment salesNewsWashington

JLL Arranges $37 Million Sale of Shopping Center in Tacoma, Washington

by Abby Cox

Tacoma, Wash. — JLL Capital Markets has arranged the $37 million sale of Westgate North, 74,789-square-foot shopping center located in Tacoma, roughly two miles from the University of Puget Sound campus. Safeway anchors the property, which was 97.9 percent leased at the time of sale. Additional tenants at the center include Anytime Fitness, Chase Bank, Taco Bell, Xfinity, Subway and Round Table Pizza. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL’s Investment Sales and Advisory team represented the seller. The buyer was Phillips Edison & Co.

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North Euclid Shopping Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Facilitates $12.6 Million Sale of Shopping Center in Fullerton, California

by Abby Cox

Fullerton, Calif. — Hanley Investment Group Real Estate Advisors has facilitated the $12.6 million sale of North Euclid Shopping Center, a 41,219-square-foot shopping center located in the Orange County city of Fullerton. A 21,480-square-foot Stater Bros. Markets formerly anchored the property. The remaining space is fully leased to a barber shop, hair salon, family dentist, chiropractic office, H&R Block and multiple quick-service restaurants. Kevin Fryman, Eric Wohl and Ed Hanley of Hanley Investment represented the seller, Anaheim, California-based Kraemer Land Co., and the buyer, an off-market local private investor, in the …

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Architecture and DesignDevelopmentGrocery-anchoredNewsTexas

Whitestone Begins Redevelopment of Lion Square in Houston’s Asiatown District

by Abby Cox

Houston — Whitestone REIT is underway with the redevelopment of Lion Square, a 117,592-square-foot shopping center located in Southwest Houston’s Asiatown District at the intersection of Bellaire Boulevard and Wilcrest Drive. Michael Hsu Office of Architecture is upgrading the property’s design with traditional Chinese and Vietnamese architectural influences, with plans to transform the center into a cultural hub that will serve the city’s expansive Asian community. The property will include greenery, sustainable irrigation systems, security and lighting enhancements and a focus on improving the center’s walkability. Asian grocer Sun Wing Supermarket …

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Long Branch
Architecture and DesignDevelopmentGrocery-anchoredMixed-useNewsTexas

McKinney City Council Approves $1.3 Billion Mixed-Use Development in Texas

by Abby Cox

McKinney, Texas — McKinney City Council has granted final approval for Long Branch, a $1.3 billion mixed-use development located at the northwest corner of U.S. Highway 75 and the future U.S. 380 bypass in McKinney, roughly 30 miles north of Dallas. Creation, in partnership with Horizon Capital Holdings and Vaulter, is the developer. Spanning 155 acres, the project is expected to include approximately 1,600 multifamily homes, 135,000 square feet of retail anchored by a 65,000-square-foot grocer, a 318,600-square-foot office campus with two six-story buildings, a 100-room hotel and a 910-space structured …

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Suburbia Shopping Center
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Arranges Sale of 154,219-Square-Foot Center in Pottstown, Pennsylvania

by Abby Cox

Pottstown, Pa. — JLL Capital Markets has arranged the sale of Suburbia Shopping Center, a 154,219-square-foot retail property located in Pottstown, approximately 20 miles east of Reading. Originally built in 2003, the property spans 25.6 acres. GIANT grocery store anchors the center, which was 85 percent leased at the time of sale. Additional tenants at the center include Dollar Tree, Starbucks Coffee, UPS Store and Tower Health. Jim Galbally and Patrick Higgins of JLL Capital Markets Investment Sales and Advisory team represented the seller, Gambone Management Co., in the transaction. Powell …

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Florissant Marketplace
Grocery-anchoredInvestment salesMissouriNews

First National Realty Acquires 146,257-Square-Foot Shopping Center in Florissant, Missouri

by Abby Cox

Florissant, Mo. — First National Realty Partners (FNRP) has acquired Florissant Marketplace, a 146,257-square-foot shopping center located in the northern St. Louis suburb of Florissant. Situated on roughly 20 acres, the center was originally developed in 1973 and renovated in 2018. The property is anchored by a 70,262-square-foot Schnucks grocery store and was 98 percent leased at the time of sale. Additional tenants at the center include Crunch Fitness, Pet Supplies Plus, Wingstop and AT&T. Chase Young of CBRE represented the undisclosed seller in the transaction. With this acquisition, FNRP’s …

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Hazlet Town Center
Grocery-anchoredInvestment salesNew JerseyNews

CBRE Arranges $44 Million Sale of Shopping Center in Hazlet, New Jersey

by Abby Cox

Hazlet, N.J. — CBRE has arranged the $44 million sale of Hazlet Town Center, a 190,000-square-foot shopping center located in Hazlet, approximately 40 miles outside New York City. The center — which is anchored by ALDI — was 90 percent leased to tenants including Burlington and Urban Air at the time of sale. The center also features a Wawa outparcel, which was not included in the sale. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, OASG Hazlet LLC, an affiliate of Onyx Equities, in the 1031-exchange transaction. …

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Lone Oak Shopping Center
Grocery-anchoredInvestment salesNewsTexas

Sembler Company, Forge Capital Partners Acquire 104,485-Square-Foot Retail Center in San Antonio

by Abby Cox

San Antonio — The Sembler Co. and Forge Capital Partners have acquired Lone Oak Shopping Center, a 104,485-square-foot retail center located in San Antonio. The partnership purchased the property for an undisclosed price through its Forge Real Estate Partners V (FREP) investment fund. The retail center — which was fully leased at the time of sale — is anchored by an H-E-B grocery store. Additional tenants at the property include Citi Trends, Hibbett Sports, The Smile Center, H&R Block, Metro by T-Mobile, Little Caesars and Ace Cash Express. Sembler Co. …

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Village North
DevelopmentGrocery-anchoredNewsOhio

Partnership Breaks Ground on 90,000-Square-Foot Retail Development in Metro Cincinnati

by Abby Cox

West Chester Township, Ohio — A partnership between Sansone Group and Clous Road Partners has broken ground on Village North, a 90,000-square-foot retail project in West Chester Township, approximately 17 miles north of Cincinnati. Upon completion, the 12.6-acre development will feature five buildings and be anchored by a 40,000-square-foot Whole Foods Market. Buffalo Construction is serving as the general contractor, and Cushman & Wakefield will manage leasing for the project. Village North is scheduled to open in 2026.

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Independence Square
Grocery-anchoredInvestment salesNewsTexas

JLL Facilitates Sale of 140,218-Square-Foot Retail Property in Plano, Texas

by Abby Cox

Plano, Texas — JLL Capital Markets has facilitated the sale of Independence Square, a 140,218-square-foot retail property located in Plano. Situated on 13.8 acres, the center was built in 1977 and renovated in 2005. The property — which was 93 percent leased at the time of sale — is anchored by Tom Thumb. Additional tenants at the center include Anytime Fitness, Oscar Nail Lounge, Kids B Kids and Jersey Mike’s. Chris Gerard, Erin Lazarus, Barry Brown and Adam Howells of JLL Capital Markets Investment Sales and Advisory team represented the …

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