Grocery-anchored

Power-Plaza_Vacaville-Calif
CaliforniaGrocery-anchoredInvestment salesNews

JLL Brokers $29.2 Million Sale of Retail Center in Metro Sacramento

by Hayden Spiess

Vacaville, Calif. — JLL Capital Markets has brokered the $29.2 million sale of Power Plaza, a 112,250-square-foot retail center located in Vacaville, approximately 30 miles outside Sacramento. Built in 1993 and 1994, the property was 96 percent occupied at the time of sale. Sprouts Farmers Market anchors the center. Other tenants include Restoration Hardware Outlet, Williams Sonoma Home Outlet, Pacific Dental Services, The Good Feet Store and Banfield Pet Hospital. Eric Kathrein, Tim Kuruzar, Warren McClean and Andy Spangenberg of JLL represented the seller, ProEquity Asset Management. DPI Retail acquired the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Seven-Oaks_Crofton-Md
Grocery-anchoredLeasingMarylandNews

Two Tenants to Join Seven Oaks Shopping Center in Maryland

by Hayden Spiess

Crofton, Md. — Two new tenants will join the roster at Seven Oaks Shopping Center in Crofton. Jersey Mike’s and Bruster’s Ice Cream will occupy a 3,046-square-foot pad site at the property, which is anchored by Weis Markets. Brandon Howard of Divaris Real Estate represented the landlord in the lease negotiations. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Casis-Village_Austin-Texas
Grocery-anchoredInvestment salesNewsTexas

Ivy Cos., 35 South Capital Acquire 48,500-Square-Foot Shopping Center in Austin, Texas

by Hayden Spiess

Austin, Texas — A partnership between Ivy Cos. and 35 South Capital has acquired Casis Village, a 48,500-square-foot shopping center located in Austin. Randalls anchors the property, and other tenants include Tarrytown Pharmacy, Starbucks Coffee, Benchmark Bank, Estilo Boutique, Food Food and L Majors Jewelers. Dan Frey of Endeavor Real Estate Group represented the seller, the Bryant Family, which built the center in 1952. Rue Realty will lead leasing efforts at the property. Heritage Title was the title company for the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Shadowwood-Square_Boca-Raton-Fla
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Arranges Sale of 237,498-Square-Foot Shopping Center in Boca Raton, Florida

by Hayden Spiess

Boca Raton, Fla. — Cushman & Wakefield has arranged the sale of Shadowwood Square, a 237,498-square-foot shopping center located in Boca Raton. Constructed in 1982, the property is anchored by Sprouts Farmers Market, Walgreens and Old Navy. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity controlled by Evelyn Langlieb Greer doing business as Shadowwood Square Ltd. An affiliate of Edens acquired the property. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Shoppes-Heart-of-Tradition_Port-St-Lucie-Fla
DevelopmentFloridaGrocery-anchoredNews

PEBB, Banyan Begin Construction of 71,000-Square-Foot Retail Project in Port St. Lucie, Florida

by Hayden Spiess

Port St. Lucie, Fla. — PEBB Enterprises and Banyan Development have started construction on the Shoppes @ the Heart of Tradition, a 71,000-square-foot retail project situated within the master-planned Tradition community in Port St. Lucie. A 19,231-square-foot Aldi will anchor the development, which is scheduled for completion next summer, when tenant buildouts will begin. Other tenants will include Kyle G’s Amore Chop House, Port Tradition, Tomalty Dental, Le Bistro de Paris, Picasso Nails and Rita’s Ice. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Sharon-Greens_Cumming_Kroger
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Arranges $17.5 Million Sale of Kroger-Anchored Shopping Center in Cumming, Georgia

by Hayden Spiess

Cumming, Ga. — Atlantic Capital Partners has brokered the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center located in Cumming, a northern suburb of Atlanta. Justin Smith, Fred Victor, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the institutional seller and secured the buyer. Built in 2001, Sharon Greens spans 98,301 square feet and was 98 percent leased at the time of sale to 21 tenants, including Kroger, Chase Bank and Heartland Dental. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Wynnehaven-Plaza_Navarre-Fla
FinanceFloridaGrocery-anchoredNews

CBRE Arranges $12.9 Million Refinancing for Wynnehaven Plaza in Navarre, Florida

by Hayden Spiess

Navarre, Fla. — CBRE has arranged a $12.9 million loan for the refinancing of Wynnehaven Plaza, a 64,995-square-foot shopping center located in Navarre. A 48,387-square-foot Publix grocery store anchors the center, which was completed earlier this year. Seven other tenants occupy the fully leased property, including a coffee shop, primary care clinic, ice cream parlor and a nail salon. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE secured the financing on behalf of the borrower, Atlanta-based Branch Properties, through 40|86 Mortgage Capital.

Continue Reading
0 FacebookTwitterLinkedinEmail
MacArthur-Park-Irving
Grocery-anchoredInvestment salesNewsTexas

Edens, CBRE Investment Management Buy 425,612-Square-Foot Retail Center in Irving, Texas

by Hayden Spiess

Irving, Texas — A joint venture between Edens and CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot retail center in Irving. Target, Kroger, Office Depot, T.J. Maxx, Michaels, Ross Dress for Less and Ulta Beauty are anchor tenants at the center, which was built in 2001. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Largo-Town-Center_Upper-Marlboro
Grocery-anchoredInvestment salesNewsWashington DC

Finmarc Management Sells Largo Town Center in Metro D.C. for $70 Million 

by Hayden Spiess

Upper Marlboro, Md. — Finmarc Management Inc. has sold Largo Town Center, a 280,000-square-foot retail center in the Upper Marlboro suburb of Washington, D.C., for $70 million. The investment firm purchased the shopping center in 2019 when it was 80 percent occupied. John Donnelly of John C. Donnelly Inc. and Arthur Benjamin and Alex Alperstein of AdvisoRE LLC represented the buyer, an investment group led by Bethesda-based KPI Commercial LLC, in the transaction. Joseph Hoffman of Kelley Drye Warren provided legal services to Finmarc. Tenants at the property include Marshalls, Shoppers …

Continue Reading
0 FacebookTwitterLinkedinEmail
Northview-Plaza_Dallas
Grocery-anchoredInvestment salesNewsTexas

Westwood Acquires 120,000-Square-Foot Retail Center in Dallas

by Hayden Spiess

Dallas — Westwood Financial has acquired Northview Plaza, a 120,000-square-foot retail center located in Dallas. Tenants at the property, which is anchored by Kroger and was 89 percent leased at the time of sale, include Petco and McDonald’s. The transaction was executed directly with the undisclosed seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts