Grocery-anchored

Wakefield-Crossing-Raleigh-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

JLL Arranges Sale of 75,927-Square-Foot Retail Center in Raleigh, North Carolina

by Hayden Spiess

Raleigh, N.C. — JLL Capital Markets has arranged the sale of Wakefield Crossing, a 75,927-square-foot retail center located in Raleigh. Food Lion anchors the property, which was 95 percent leased at the time of sale. Other tenants at the center include Tuesday Morning, Subway, Dante’s Italiano, Wakefield Tavern and Wake Health Medical Group. Wakefield Wellons LLC acquired the property, which was built in 2001. A JLL team led by Tom Kolarczyk represented the undisclosed seller in the transaction.

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Cain-Creek-Shopping-Center-Danville-Va
Grocery-anchoredInvestment salesNewsVirginia

Legacy Brokers $4.1 Million Sale of Shopping Center in Southern Virginia

by Hayden Spiess

Danville, Va. — Legacy Realty Group Advisors has brokered the $4.1 million sale of Cain Creek Shopping Center, a 60,000-square-foot retail center located in Danville. Food Lion and Family Dollar anchor the property, which was fully occupied at the time of sale. Jacob Baruch of Legacy represented both the buyer and seller in the transaction.

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Twin-Creeks-Allen-Texas
Grocery-anchoredInvestment salesNewsTexas

JLL Negotiates Sale of 43,134-Square-Foot Shopping Center in Metro Dallas

by Hayden Spiess

Allen, Texas — JLL has negotiated the sale of Twin Creeks Marketplace, a 43,134-square-foot shopping center located in the northeastern Dallas suburb of Allen. Sprouts Farmers Market anchors the center, which was built in 2016 and was fully leased at the time of sale. Other tenants include Starbucks Coffee, Verizon Wireless, ATI Physical Therapy and Advancial. Chris Gerard, Adam Howells, Caroline Binning, Pauli Kerr and Cole Sutter of JLL represented the undisclosed seller in the transaction.

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Lexington-Village-Frisco-Texas
DevelopmentGrocery-anchoredNewsTexas

Centergy Breaks Ground on 100,000-Square-Foot Retail Center in Metro Dallas

by Hayden Spiess

Frisco, Texas — Centergy Retail has broken ground on Lexington Village, a 100,000-square-foot retail center located in Frisco, approximately 30 miles north of Dallas. A 58,000-square-foot Tom Thumb will anchor the shopping center, which is situated within the 600-acre, master-planned Lexington development. Scheduled to open in spring 2024, the store will feature an in-store Starbucks Coffee kiosk, a pharmacy with a drive-thru, electric vehicle charging stations and drive-up-and-go grocery pickup. An additional 32,000 square feet of shops and three pad sites are scheduled for delivery in August 2023. Pre-leasing is …

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Creekview-Center-Warrington-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Arranges Sale of 134,980-Square-Foot Shopping Center in Philadelphia Suburb

by Hayden Spiess

Warrington, Pa. — JLL Capital Markets has arranged the sale of Creekview Center, a 134,980-square-foot shopping center located in the northern Philadelphia suburb of Warrington. A grocery store anchors the property, and other tenants include Chipotle Mexican Grill, Bank of America and Petco. Target and Lowe’s shadow anchor the center. Christopher Munley, Jim Galbally and Colin Behr of JLL represented the undisclosed seller in the transaction. Goodman Properties acquired the center.

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The-Shoppes-at-South-Hills-Poughkeepsie
FinanceGrocery-anchoredNew YorkNews

Berkshire Bank Provides $36.1 Million Financing for Shopping Center in Poughkeepsie, New York

by Hayden Spiess

Poughkeepsie, N.Y. — Berkshire Bank has provided $36.1 million in financing for The Shoppes at South Hills, a 512,218-square-foot shopping center located north of New York City in Poughkeepsie. Tenants at the property include ShopRite, At Home, Ashley Furniture, Hobby Lobby and Christmas Tree Shops. The borrower, a partnership between Acadia Realty Trust and DLC Management, will use the proceeds to refinance and reposition the center. The nonrecourse loan carries a five-year term and a fixed interest rate. Mike Tepedino and Stephen Van Leer of JLL arranged the financing.

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Sam's Crossing
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Arranges Sale of 65,785-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Decatur, Ga. — Colliers has arranged the sale of Sam’s Crossing, a 65,785-square-foot shopping center located in Decatur, a northeast suburb of Atlanta. Publix Super Markets anchors the center and was the buyer in the transaction. In addition to the new, 53,785-square-foot grocery store, tenants at the property include DECA Dental, Planet Smoothie, Jersey Mike’s and Jeremiah’s Italian Ice. Joe Montgomery, Scott Israel and Henry Kushner of Colliers’ Retail Investment Sales team represented the seller, Alliance Realty Services, in the transaction.

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District-Moreno-Valley-CA
CaliforniaFinanceGrocery-anchoredNews

Ledo Capital Group Receives $13.4 Million Refinancing for District Moreno Valley Shopping Center in California

by Hayden Spiess

Moreno Valley, Calif. — Ledo Capital Group has received $13.4 million for the refinancing of District Moreno Valley, a shopping center in Moreno Valley. Completed in 2022, District Moreno Valley features 52,081 square feet of retail space anchored by Sprouts Farmers Market. Other tenants include KFC, The Joint Chiropractic, WSS and Starbucks Coffee. Matt Stewart, Chris Jaff and Daniel Skerrett of JLL Capital Markets Debt Advisory secured the financing through Manufacturers Banks on behalf of the borrower.

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Beacon-Square
DevelopmentGrocery-anchoredLeasingMarylandNews

SJC Ventures Signs 11 Tenants to Beacon Square Development in Annapolis

by Hayden Spiess

Annapolis, Md. — SJC Ventures has signed 11 new tenants to Beacon Square, a mixed-use development currently underway in Annapolis. Tenants will include Arhaus, Circa Lighting, Firebirds Wood Fired Grill, Mighty Quinn’s BBQ, Meg Fox Aesthetics, GNC, Aspen Dental, Inspire Nails, Cold Stone Creamery, Eggspectation and Jersey Mikes. SJC and AvalonBay Communities Inc. acquired the land for the project early last year, with vertical construction started in August. Upon completion, the property will comprise 52,000 square feet of retail and office space, as well as a 43,000-square-foot grocery store and …

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Victory-Plaza-Los-Angeles-CA
CaliforniaGrocery-anchoredInvestment salesNews

Newmark Arranges $57.7 Million Sale of Victory Plaza Retail Center in Los Angeles

by Hayden Spiess

Los Angeles — Newmark has arranged the disposition of Victory Plaza, a 136,580-square-foot, grocery-anchored shopping center in Los Angeles. Gerrity acquired the property for $57.7 million. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller, Kennedy Wilson, in the transaction. The property was 97 percent occupied at the time of sale by tenants including Vallarta Supermarkets, CVS/pharmacy, LA Fitness, Petco, US Renal Care, Citibank, Blaze Pizza and Chipotle Mexican Grill.

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