Grocery-anchored

Sprouts Farmers Market
Grocery-anchoredNewsTennessee

GBT Realty to Develop Sprouts Farmers Market at Port Royal Marketplace in Metro Nashville

by Abby Cox

Spring Hill, Tenn. — GBT Realty has submitted plans to develop a Sprouts Farmers Market to anchor Port Royal Marketplace, a planned retail center in Spring Hill, approximately 35 miles south of Nashville. Following city approvals, GBT anticipates construction to commence in early 2026, with completion planned for early 2027. Situated on the southwest corner of Duplex and Port Royal roads, Port Royal Marketplace is expected to total 46,000 square feet and will feature a 23,000-square-foot Sprouts, 16,000 square feet of inline shops and a 6,800-square-foot shop building. In addition, …

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Wesley Chapel Station
DevelopmentFloridaGrocery-anchoredNews

SJC Ventures Breaks Ground on Whole Foods-Anchored Shopping Center in Metro Tampa

by Abby Cox

Wesley Chapel, Fla. — SJC Ventures has broken ground on Wesley Chapel Station, a 75,968-square-foot shopping center in Wesley Chapel, roughly 24 miles north of Tampa. A 35,518-square-foot Whole Foods Market will anchor the center, which will be located at the corner of Bruce B Downs and Aronwood boulevards. Other committed tenants include PopUp Bagels, CAVA, Naked Farmer, Petfolk, The Tox and a nail salon. The center has approximately 15,000 square feet of available vacancy, according to SJC Ventures. Adjacent to the shopping center, the Atlanta-based firm is underway on …

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Grove Park
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Brokers Sale of 120,150-Square-Foot Grove Park Shopping Center in Lakeland, Florida

by Abby Cox

Lakeland, Fla. — Cushman & Wakefield has brokered the sale of Grove Park Shopping Center, a 120,150-square-foot, grocery-anchored shopping center located in Lakeland. Previously known as Southgate Shopping Center, the property was originally developed in 1960 by George Jenkins, the founder of Publix. Tenants at the center, which was 100 percent occupied at the time of sale, include CVS Pharmacy, Dollar Tree, Humanitary Medical Center and a Publix, which was fully rebuilt in 2019. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Longpoint Partners, in …

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Sierra del Oro Towne Centre
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Negotiates Sale of 110,485-Square-Foot Shopping Center in Corona, California

by Abby Cox

Corona, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of Sierra del Oro Towne Centre, a 110,485-square-foot shopping center located in Corona. Ralphs and Dollar Tree anchor the property, which was fully leased at the time of sale. Additional tenants include Anytime Fitness, Chase Bank, Jack in the Box, Domino’s Pizza, Green River Montessori School, Wingstop, Kumon Math and Reading Center, Fantastic Sams Cut & Color and PostalAnnex. Sierra del Oro Towne Centre marks Hanley’s sixth grocery-anchored shopping center sale over the previous 12 months. Kevin Fryman …

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Pier-37
Grocery-anchoredInvestment salesNewsWisconsin

Mid-America Negotiates Sale of 117,078-Square-Foot Shopping Center in Monona, Wisconsin

by Abby Cox

Monona, Wis. — Mid-America Real Estate Corp. has negotiated the sale of Pier 37, a 117,078-square-foot shopping center in Monona, a suburb of Madison. The grocery-anchored property features a freestanding Metro Market, a regional grocery chain. The center is also home to Staples, Woodcraft, Buffalo Wild Wings, Starbucks Coffee, Jimmy John’s and Verizon Wireless. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, United Properties, in the transaction. Galway Cos. Inc. was the buyer.

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Sarasota-Square
DevelopmentFloridaGrocery-anchoredLeasingMixed-useNews

Torburn Signs Anchor Leases for Mixed-Use Redevelopment of Sarasota Square Mall

by Abby Cox

Sarasota, Fla. — Torburn Partners has signed two new anchor leases to kick off plans for its Sarasota Square project, a redevelopment of the former Sarasota Square Mall. The Chicago-based developer signed leases with Whole Foods Market and Homesense to anchor the first phase of the 96-acre mixed-use project. The retail portion is under construction, and the multifamily component will break ground in first-quarter 2026. Full plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant, and commercial space; and open-air gathering space for social …

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Deerbrook-Shopping-Center
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers Sale of 428,612-Square-Foot Deerbrook Shopping Center in Metro Chicago

by Abby Cox

Deerfield, Ill. — Mid-America Real Estate Corp. has brokered the sale of Deerbrook Shopping Center, a 428,612-square-foot open-air center located in Deerfield, approximately 28 miles north of downtown Chicago. The purchase price was $44 million, according to several media sources. The property spans 47.5 acres and is anchored by Jewel-Osco. Additional tenants include Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks Coffee, Panera Bread, Noodles & Co., Sleep Number, City BBQ, Mattress Firm and Subway. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, a global investment advisor, …

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Five-Points-Plaza-Riverside-CA
CaliforniaGrocery-anchoredInvestment salesNews

Longpoint Acquires 129,699-Square-Foot Five Points Plaza in Riverside, California, for $31 Million

by Abby Cox

Riverside, Calif. — Longpoint has acquired Five Points Plaza, a 129,699-square-foot retail center located in Riverside, for $31 million. Stater Bros. anchors the property, which features a mix of additional tenants including Del Taco, Jack in the Box and Dollar Tree. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the buyer in the transaction. The seller was a private family who is the original developer of the center.

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East Park Plaza
Grocery-anchoredInvestment salesNebraskaNews

Mid-America Arranges Sale of 214,029-Square-Foot Shopping Center in Lincoln, Nebraska

by Abby Cox

Lincoln, Neb. — Mid-America Real Estate Corp. has arranged the sale of East Park Plaza, a 214,029-square-foot shopping center located in Lincoln. A freestanding Russ’s Market anchors the property. Other tenants include Famous Footwear and Marcus Theatres. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, Starwood Property Trust, in the transaction. Broad Reach Retail Partners was the buyer.

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DevelopmentFloridaGrocery-anchoredNews

GBT Realty to Develop Sprouts Farmers Market-Anchored Center in New Smyrna Beach, Florida

by Abby Cox

New Smyrna Beach, Fla. — GBT Realty Corp. has unveiled plans to develop Shops at New Smyrna, a 55,273-square-foot, grocery-anchored neighborhood shopping center located in New Smyrna Beach. Construction of the project is scheduled to begin in summer 2026, with completion set for summer 2027. A 23,273-square-foot Sprouts will anchor the development, which will also feature an additional 35,000 square feet of junior anchor and inline retail space across two buildings, as well as two one-acre outparcels. The tenant roster is expected to include fitness, restaurant and soft goods services, among …

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