Grocery-anchored

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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Larkin's-Corner_Boothwyn-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Brokers Sale of 225,214-Square-Foot Retail Center in Pennsylvania

by Hayden Spiess

Boothwyn, Pa. — JLL Capital Markets has brokered the sale of Larkin’s Corner, a 225,214-square-foot retail center located in Boothwyn. Acme Grocery anchors the property, which was 99 percent leased at the time of sale. Other tenants at the center include McDonald’s, TD Bank and Dollar Tree. Chris Munley, Jim Galbally, Colin Behr, James Graf and Patrick Higgins of JLL represented the seller, Site Centers, in the transaction. 

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Southern-Shores-Marketplace_Outer-Banks
Grocery-anchoredInvestment salesNewsNorth Carolina

Klein Enterprises Purchases 140,000-Square-Foot Shopping Center in North Carolina

by Hayden Spiess

Southern Shores, N.C. —Klein Enterprises has purchased Southern Shores Marketplace, a 140,000-square-foot shopping center located in Southern Shores. Food Lion anchors the property. Other tenants include Starbucks Coffee, Verizon Wireless, CVS/pharmacy, Jersey Mike’s, OBX Optical and Coastal Rehabilitation. The seller, Aston Properties, recently redeveloped the shopping center and executed new leases with Marshalls, Rack Room Shoes and Five Below. An affiliate of Klein Enterprises purchased the property for an undisclosed price using acquisition financing from TD Bank. Berkeley Capital Advisors brokered the transaction.

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Merchants-Walk_Henrico
Grocery-anchoredInvestment salesNewsVirginia

Divaris Brokers $18.4 Million Sale of Merchant’s Walk Shopping Center in Metro Richmond

by Hayden Spiess

Henrico, Va. —Divaris Real Estate has brokered the $18.4 million sale of Merchant’s Walk Shopping Center, a 219,972-square-foot retail center located in Henrico, roughly 10 miles northwest of Richmond. Merchant’s Walk was 97 percent leased at the time of sale to 38 retailers. Food Lion, AutoZone and JoAnn Fabric and Craft anchor the property. Qi Lin purchased the 20-acre property from the undisclosed seller. John Madures of Divaris represented the buyer in the transaction. Qi Lin has retained Divaris to lease Merchant’s Walk, which has two retail availabilities. Divaris Property Management …

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North-Providence-Marketplace_North-Providence-R.I
Grocery-anchoredInvestment salesNewsRhode Island

ShopOne, Pantheon Acquire 112,497-Square-Foot Retail Center in Rhode Island

by Hayden Spiess

North Providence, R.I. — A joint venture partnership between ShopOne Centers REIT, Pantheon and an undisclosed global institutional investor has acquired North Providence Marketplace, a 112,497-square-foot retail center located in North Providence. Shaw’s Supermarket anchors the property, which was 88 percent occupied at the time of sale. Other tenants include Dollar Tree, Rainbow, H&R Block and Sally Beauty Supply. Shaw’s features an in-store Starbucks Coffee. 

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Edgewood-Plaza_Edgewood-Md
Grocery-anchoredInvestment salesMarylandNews

KLNB Brokers $10.4 Million Sale of Retail Center in Metro Baltimore

by Hayden Spiess

Edgewood, Md. — KLNB has brokered the $10.4 million sale of Edgewood Plaza, a retail center located in Edgewood, roughly 25 miles outside Baltimore. Food Lion anchors the 76,000-square-foot property. Dollar General is also a tenant at the property, which was 96 percent leased at the time of sale. Chris Burnham, Andy Stape, Vito Lupo and Jake Furnary of KLNB represented the seller, Sandmar Properties, in the transaction. 

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Lake-Harris-Square_Leesburg-Fla
FloridaGrocery-anchoredInvestment salesNews

Legacy Arranges Sale of 61,220-Square-Foot Shopping Center in Florida

by Hayden Spiess

Leesburg, Fla. — Legacy Realty Group Advisors has arranged the sale of Lake Harris Square, a 61,220-square-foot shopping center located in Leesburg. Winn Dixie anchors the property. Daniel Baruch and Ari Warshaw of Legacy arranged the $6.3 million transaction, with Robert Monahan of Island Associates Real Estate and Will Bingham and Matthew Bingham of Bingham Realty Inc. 

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