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Grocery-anchored

Kroger
GeorgiaGrocery-anchoredInvestment salesNews

Institutional Property Advisors Brokers $12.7 Million Sale of Kroger-Anchored Shopping Center in Metro Atlanta

by Julia Sanders

Conyers, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $12.7 million sale of Conyers Square, a 90,218-square-foot, Kroger-anchored shopping center in Conyers. Zach Taylor and Don McMinn of IPA’s Taylor McMinn Retail Group represented the seller, Sansome LLC, and procured the buyer, Forge Capital Partners. Conyers Square was constructed on 11 acres in 1985. Additional tenants include Sunny’s Beauty Supply, Sapphire Nails, Lendmark Financial and H&R Block.

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Pleasantview Commons
Grocery-anchoredInvestment salesNewsOhio

Cooper Commercial Investment Group Facilitates $1 Million Sale of Pleasantview Commons in Canton, Ohio

by Julia Sanders

Canton, Ohio — The Cooper Commercial Investment Group has facilitated the $1 million sale of Pleasantview Commons, a 49 percent occupied, Aldi-anchored center in Canton. Dan Cooper and Bob Havasi of Cooper Commercial represented the seller, a private investment group based in Ohio. A private, Nevada-based investment firm acquired the property in an all-cash transaction.

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Grocery-Outlet_Victorville
CaliforniaGrocery-anchoredLeasingNews

BH Properties to Open 16,130-Square-Foot Grocery Outlet at Hi Desert Plaza in Victorville, California

by Katie Sloan

Victorville, Calif. —  BH Properties has signed a lease with Grocery Outlet for a 16,130 square-foot anchor space at Hi Desert Plaza in Victorville. Grocery Outlet is expected to open this summer and will join tenants including DD’s Discounts, Dollar Tree, Aaron’s, Goodwill and Bank of America at the 140,000-square-foot center. Brad Umansky and Paul Su of Progressive Real Estate Partners represented the landlord in the transaction. Townsand Cropsey and Garrett Colburn of SRS Real Estate Partners represented Grocery Outlet.      

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Grocery-anchoredInvestment salesNew JerseyNewsRetailers

JLL Negotiates Sale of 94,550-Square-Foot Shopping Center in Metro Philadelphia

by Alex Tostado

Sewell, N.J. — JLL has negotiated the sale of Mill Pond Village, a 94,550-square-foot shopping center in Sewell, New Jersey. Grocery store ShopRite anchors the property, which was 98 percent leased at the time of sale to other tenants such as Inspira Health, Orangetheory fitness, Hair Cuttery and AAA. The asset is situated at 380 Egg Harbor Road, 19 miles south of downtown Philadelphia. Jim Galbally, Chris Munley, Jose Cruz, Colin Behr and Steve Simonelli of JLL represented the undisclosed seller in the transaction. Further details of the sale were …

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FloridaGrocery-anchoredInvestment salesNewsRetailers

JLL Negotiates $9.1 Million Sale of Grocery-Anchored Shopping Center in Orlando

by Alex Tostado

Orlando, Fla. — JLL has negotiated the $9.1 million sale of Southgate Shopping Center, a 144,052-square-foot retail property in Orlando. Aldi anchors the site, which was 92 percent leased at the time of sale to tenants including AutoZone, dd’s Discount’s, Aaron’s and Value Pawn. Additionally, the property can be expanded with the addition of a 6,000-square-foot future pad site and drive-thru ATM development opportunity. The asset spans 17 acres and is located at 4649 S. Orange Blossom Trail, four miles south of downtown Orlando. Brad Peterson, Whitaker Leonhardt and Tommy …

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Grocery-anchoredInvestment salesNew JerseyNewsRetailers

Marcus & Millichap Arranges Sale of 138,445-Square-Foot Retail Property in Vineland, New Jersey

by Alex Tostado

Vineland, N.J. — Marcus & Millichap has arranged the sale of Maintree Shopping Center, a 138,445-square-foot retail property located in the Southern New Jersey city of Vineland. The asset sold for $13.1 million. A 60,000-square-foot Acme grocery store anchors the property along with a Dollar Tree store. Kodi Traver, Joseph French Jr., Thomas Dalzell and Mark Taylor of Marcus & Millichap represented the seller, a private investor, in the transaction. Additional terms of sale were not disclosed.

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Grocery-anchoredInvestment salesNew JerseyNewsRetailers

Sterling Organization Acquires 94,550-Square-Foot Grocery-Anchored Retail Center in Sewell, New Jersey

by Alex Tostado

Sewell, N.J. — Sterling Organization, a Florida-based private equity firm, has acquired Mill Pond Village, a 94,550-square-foot, grocery-anchored retail center located in the Southern New Jersey community of Sewell. ShopRite is the anchor grocer at the center, which is located approximately 14 miles outside of Philadelphia. The seller was EDENS, a national retail development firm. Jim Galbally, Chris Munley and Colin Behr of JLL brokered the transaction. The property was 95 percent leased at the time of sale.

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Grocery-anchoredLeasingMassachusettsNewsRetailers

Aldi to Open 21,000-Square-Foot Grocery Store at Dartmouth Mall in Massachusetts

by Alex Tostado

Dartmouth, Mass. — German discount grocer Aldi will open a 21,000-square-foot store at Dartmouth Mall in southeastern Massachusetts in the fourth quarter. Aldi will backfill a space previously occupied by Sears and will join Burlington, Old Navy, H&M and Five Below as some of the largest tenants at the property. Pennsylvania Real Estate Investment Trust (PREIT) owns Dartmouth Mall.

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FloridaGeorgiaGrocery-anchoredInvestment salesNewsNorth CarolinaRetailers

Slate Grocery REIT to Acquire Five Grocery-Anchored Properties in Three States for $54.3 Million

by Alex Tostado

Toronto — Slate Grocery REIT has entered into an agreement to acquire five grocery-anchored shopping centers in North Carolina, Florida and Georgia for $54.3 million. The five assets comprise 396,471 square feet and were 95 percent leased at the time of sale. The three North Carolina properties are Bells Fork, a 71,666-square-foot center in Greenville anchored by Harris Teeter; Tanglewood Commons, a 78,520-square-foot property in Winston-Salem anchored by Harris Teeter; and Westin Center, a 66,890-square-foot, Food Lion-anchored asset in Fayetteville. The Florida property is Mission Hills, an 85,078-square-foot property in …

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ColoradoGrocery-anchoredInvestment salesNewsRetailers

Dunton Commercial Acquires Belmont Square Retail Center in Colorado for $6 Million

by Alex Tostado

Pueblo, Colo. — Greenwood Village, Colorado-based Dunton Commercial has purchased Belmont Square, a grocery-anchored shopping center located in Pueblo, approximately 44 miles south of Colorado Springs, Colorado. Belmont Square LLC sold the asset for $6 million. Situated on 11 acres at the corner of Bonforte Boulevard and Constitution Road, Belmont Square features 89,619 square feet of retail space. Built in the 1950s, the property underwent renovations in 2011. At the time of sale, the asset was 76 percent leased to tenants including Sav-A-Lot, AutoZone and Pizza Hut. Jon Hendrickson, Mitch …

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