Friday, May 3, 2024
Read the Digital Magazines
Subscribe

Grocery-anchored

maynard-crossing_cary
Grocery-anchoredInvestment salesNewsNorth Carolina

Mack, Soundwater Acquire 122,091-Square-Foot Shopping Center in Raleigh Suburb

by Hayden Spiess

Cary, N.C. — A partnership between an affiliate of Mack Real Estate Group (MREG) and Soundwater Properties has purchased Maynard Crossing, a 122,091-square-foot shopping center located in Cary, a suburb of Raleigh. Built in 1996, the property was 88 percent leased at the time of sale to tenants including anchor Harris Teeter, Workout Anytime, Doctors Express, Riccobene Family Dentistry, Brigs Restaurant, Kathmandu Kitchen and All American Swim Supply, as well as a newly built outparcel gas station. Tom Kolarczyk, Danny Finkle, Jim Hamilton and Steele Burkett of JLL represented the undisclosed …

Continue Reading
0 FacebookTwitterLinkedinEmail
Almaden-Safeway-Center_San-Jose-Calif
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $20.5 Million Financing for Retail Center in San Jose, California

by Hayden Spiess

San Jose, Calif. — JLL Capital Markets has arranged a $20.5 million loan for the refinancing of Almaden Safeway Center, a 143,452-square-foot retail center in San Jose. Safeway anchors the property, which comprises three buildings situated on 11.6 acres and was fully leased at the time of financing. Other tenants at the center include JoAnn’s Fabrics, McDonald’s, T-Mobile and Savers. Bruce Ganong, Lillian Roos and Matthew Mingrone of JLL secured the ten-year, fixed-rate financing through RGA Reinsurance Co. on behalf of the borrower, Brothers International Holding Corp.

Continue Reading
0 FacebookTwitterLinkedinEmail
Publix_Innovation-Commons_Wesley-Chapel
DevelopmentFloridaGrocery-anchoredLeasingNews

Ryan Cos. Completes 59,657 SF Publix Store at Master-Planned Development in Wesley Chapel, Florida

by Hayden Spiess

Wesley Chapel, Fla. — Ryan Cos. has opened a new Publix grocery store, which will serve as the anchor tenant of Innovations Commons, a retail center situated within the 900-acre Epperson Ranch master-planned development in Wesley Chapel. In addition to Innovations Commons, Epperson Ranch will feature single-family homes, a 200-room hotel and apartments. Innovation Commons will also include three outparcel developments for additional retail, restaurants and professional services.

Continue Reading
0 FacebookTwitterLinkedinEmail
University-Shopping-Center_Santa-Clara-Calif
CaliforniaGrocery-anchoredInvestment salesNews

Maven Brokers $15.9 Million Sale of Retail Center in Santa Clara, California

by Hayden Spiess

Santa Clara, Calif. — Maven Commercial has brokered the $15.9 million sale of University Shopping Center, a 2.9-acre retail center located in Santa Clara. Safeway anchors the property, which was fully leased at the time of sale. Tenants at the center include Taco Bell, Round Table Pizza and Wicked Chicken. An entity controlled by the Bushnell family sold the property, which is situated next to Santa Clara University, to Bay Properties Inc. Matthew Sheridan, Dominic Morbidelli and Santino DeRose arranged the sale.

Continue Reading
0 FacebookTwitterLinkedinEmail
Fiddler's-Run_Morganton-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Brokers $8.3 Million Sale of Fiddler’s Run Shopping Center in North Carolina

by Hayden Spiess

Morganton, N.C. — Legacy Realty Group Advisors has brokered the $8.3 million sale of Fiddler’s Run Shopping Center in Morganton. Food Lion anchors the property, which totals 200,000 square feet. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredLeasingNewsSouth Carolina

Lowes Foods to Anchor 50-Acre Platt Springs Crossing Mixed-Use Development in Lexington, South Carolina

by Hayden Spiess

Lexington, S.C.  — Lowes Foods has signed a lease to anchor Platt Springs Crossing, a 50-acre mixed-use development currently underway in Lexington. Lowes Foods will occupy 51,000 square feet. Other tenants will include Chipotle Mexican Grill, Tidal Wave Car Wash, Panda Express and Planet Fitness. An affiliate of NAI Columbia doing business as LLDC Platt Springs LF LLC is the developer of the project, which is scheduled to begin opening early next year. Ben Kelly and Patrick Chambers of NAI Columbia represented the landlord in the lease negotiations with Lowes Foods. …

Continue Reading
0 FacebookTwitterLinkedinEmail
SuperFresh_Middlesex-N.J
Grocery-anchoredInvestment salesNew JerseyNews

NAIDB Arranges $8.6 Million Sale of Retail Center in Middlesex, New Jersey

by Hayden Spiess

Middlesex, N.J. — NAI DiLeo-Bram & Co. (NAIDB) has arranged the $8.6 million sale of a 69,750-square-foot retail center located in Middlesex. A new 57,000-square-foot SuperFresh anchors the property. Situated on 3.9 acres adjacent to The View Apartments, the center also features a 6,115-square-foot liquor store and 6,300 square feet of second-floor office space. Marc Shein of NAIDB represented the undisclosed seller in the transaction. Bennett Realty & Development represented the buyer. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Merrimack-Village-Center_Merrimack-N.H
Grocery-anchoredInvestment salesNew HampshireNews

IPA Arranges $16.6 Million Sale of 82,292-Square-Foot Retail Center in New Hampshire

by Hayden Spiess

Merrimack, N.H. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of Merrimack Village Center, an 82,292-square-foot retail center located in Merrimack, roughly 50 miles northwest of Boston. An entity doing business as Merrimack Village Center LLC acquired the property for $16.6 million. Shaw’s anchors the center, which was constructed on 10 acres in 2006. Other tenants include Dental Designs of New England, KT Cleaners, Sweet Ginger, Pizzico, Subway, Hana, Bliss Nail Salon, Smoker’s Haven and Supercuts. The property was 99 percent occupied at the time of sale. …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaGrocery-anchoredInvestment salesNews

JLL Brokers $27.5 Million Sale of Retail Center in Tucson, Arizona

by Hayden Spiess

Tucson, Ariz. — JLL Capital Markets has brokered the $27.5 million sale of Rillito Crossing, a 96,424-square-foot retail center located in Tucson. Prairie Hill Holdings acquired the center from Epic Real Estate Partners and Centerbridge. Developed in 2008, the property was 96 percent leased at the time of sale. Sprouts Farmers Market, which recently completed a $1.2 million interior remodel, anchors the center. Other tenants include Sola Salons, LA Fitness, Adrian’s Barbershop, Smoothie Factor, JK Nails, The Joint Chiropractic, The Tea Hub, Dao’s Tai Pan’s and Rita’s Italian Ice Custard. Two …

Continue Reading
0 FacebookTwitterLinkedinEmail
Peachtree-Crossing_Peachtree-City-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Nuveen Acquires 80,7480-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Nuveen Real Estate has acquired Peachtree Crossing, an 80,748-square-foot shopping center located in Peachtree City, roughly 30 miles outside Atlanta. Harbour Real Estate Partners sold the property for an undisclosed price. Built in 1978 and renovated in 2011, the Fresh Market-anchored center was fully leased at the time of sale. Tenants at the property include Peachtree City Eye Center, Bintelli Golf Carts, Heirloom Market, Mina’s Hallmark, Hollywood Feed, Campanile’s Home Inside & Out, Georgia Shrimp Co. and W. Daly Salon. Brad Buchanan, Jim Hamilton and Andrew Michols …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts