Saturday, July 5, 2025
Read the Digital Magazines
Subscribe

Grocery-anchored

Meijer store interior
Company newsDevelopmentGrocery-anchoredMichiganNews

Meijer To Open Three Supercenters in Northeast Ohio

by Abby Cox

Grand Rapids, Mich. — One-stop shopping concept Meijer will open three new supercenters in Northeast Ohio. The 159,000-square-foot stores will be located in Austintown, Medina and Richmond Heights, bringing the Michigan-based retailer’s store count to 58 in the state. The supercenters will offer customers fresh produce, bakery, meat, seafood and deli departments, a garden center and home goods section, as well as a full-service pharmacy. Additionally, a Meijer Express gas station will open adjacent to the Austintown location on April 10. The new supercenter locations are scheduled to open May …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pavilions at San Mateo
Grocery-anchoredInvestment salesNew MexicoNews

Faris Lee Investments Brokers $24.9 Million Sale of Retail Center in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — Faris Lee Investments has brokered the $24.9 million sale of Pavilions at San Mateo, a 148,749-square-foot retail center in Albuquerque. Originally built in 1997, the center is 92 percent leased and anchored by Walmart Neighborhood Market. Additional tenants at the property include Old Navy, Shoe Dept., Dollar Tree, Einstein Bros. Bagels, Supercuts and Orangetheory Fitness. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the buyer, Las Vegas-based Rhino Investments Group, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaGrocery-anchoredInvestment salesNews

Westar Associates Sells 96,390-Square-Foot Shopping Center in Monrovia, California

by Abby Cox

Monrovia, Calif. — Newport Beach, California-based Westar Associates has sold Foothill Park Plaza, a 96,390-square-foot shopping center located in Monrovia, approximately 15 miles northeast of Los Angeles. The center — which was developed in 1985 — is anchored by Vons Supermarket. Other tenants at the property include Chase Bank, Wendy’s, Blaze Pizza, Baskin-Robbins and See’s Candles. Pete Bethea, Rob Ippolito and Glen Rudy of Newmark represented Westar Associates in the transaction. Phillips Edison & Company was the buyer. Westar Associated has owned, leased and managed Foothill Park Plaza for the last …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaGrocery-anchoredLeasingNews

CrossMarc Services Negotiates Five Leases at Springs Plaza in Longwood, Florida

by Abby Cox

Longwood, Fla. — Winter Park, Florida-based CrossMarc Services has negotiated five new leases at Springs Plaza, a 64,753-square-foot shopping center located approximately 15 miles north of Orlando. Among the new tenants are Foxtail Coffee; Children’s Art Classes; Level Up Pilates; 5th Nail Lounge; and Turning Point Dance Studio. Flavia Kanyago of CrossMarc represented the landlord, Baltimore-based MCB Real Estate, in the lease negotiations. Other tenants at the center — which is now 95 percent leased — include Tijuana Flats, First Watch, Jersey Mike’s, Hurricane Grill & Wings, Woof Gang Bakery …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hatchery Hill Towne Center
Grocery-anchoredInvestment salesNewsWisconsin

Mid-America Real Estate Brokers Sale of 85,880-Square-Foot Retail Property in Fitchburg, Wisconsin

by Abby Cox

Fitchburg, Wis. — Mid-America Real Estate Corp. has brokered the sale of Hatchery Hill Towne Center, an 85,880-square-foot retail property located in the Madison suburb of Fitchburg. The center — which was fully leased at the time of sale — is shadow-anchored by Pick ‘n Save. Additional tenants at the property include Panera Bread, Verizon Wireless, Cold Stone Creamery, MOD Pizza, Great Dane Pub & Brewing Co., Anytime Fitness, Kim’s Nails and Tabby & Jack’s Pet Supplies. Rick Drogosz and Dan Rosenfeld of Mid-America Real Estate Corp. represented the seller, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bensalem Shopping Center
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Facilitates Sale of 109,057-Square-Foot Retail Center in Metro Philadelphia

by Abby Cox

Bensalem, Pa. — JLL Capital Markets has facilitated the sale of Bensalem Shopping Center, a 109,057-square-foot retail center in Bensalem, roughly 19 miles north of Philadelphia. The buyer and sales price were undisclosed. Built in 1972, the center is situated on approximately 9 acres. The property — which was fully leased at the time of sale — is anchored by Indian supermarket chain Patel Brothers. Additional tenants at the center include Dollar General, Advance Auto Parts and Unlimited PCS. Jim Galbally and Patrick Higgins of JLL Capital Market’s Investment and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Irmo Station
Grocery-anchoredInvestment salesNewsSouth Carolina

Palomar Group Brokers Sale of 99,384-Square-Foot Shopping Center in Irmo, South Carolina

by Abby Cox

Irmo, S.C. — The Palomar Group has brokered the sale of Irmo Station, a 99,384-square-foot shopping center located in the Columbia suburb of Irmo. Originally built in 1980, the Kroger-anchored center is situated on 13.8 acres. Tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price.

Continue Reading
0 FacebookTwitterLinkedinEmail
Milwaukie Marketplace
FinanceGrocery-anchoredNewsOregon

JLL Arranges $32.4 Million Loan for Retail Center in Milwaukie, Oregon

by Abby Cox

Milwaukie, Ore. — JLL Capital Markets has arranged $32.4 million in financing for Milwaukie Marketplace, a 185,760-square-foot retail center located in the Portland suburb of Milwaukie. The borrower is a joint venture between Lincoln Property Company and PCCP LLC. Zach Kersten, Casey Davidson and David Williams of JLL’s Debt Advisory team represented the borrower in arranging the three-year, floating-rate loan through an entity managed by Argentic Investment Management LLC. The loan features full-term interest-only payments and will support the borrower’s business plan to reposition the property into a premier grocery-anchored center.

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesNew YorkNews

Marcus & Millichap Arranges $5.2 Million Sale of Retail Property in Queens

by Abby Cox

Queens, New York — Marcus & Millichap has arranged the $5.2 million sale of a 9,640-square-foot retail property located along Queens Boulevard in Rego Park. The property is anchored by CTown Supermarket and features three additional service-oriented tenants and 100 feet of retail frontage. Joseph French Jr. and Kodi Traver of Marcus & Millichap’s Westchester office marketed the property on behalf of the seller and procured the buyer, both private investors, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Washington Square
CaliforniaGrocery-anchoredInvestment salesNews

Brixton Capital Acquires Shopping Center for $67.5 Million in Petaluma, California

by Abby Cox

Petaluma, Calif. — Brixton Capital has acquired Washington Square, a 215,506-square-foot shopping center located in Petaluma, for $67.5 million. The eight-building retail center — which was more than 99 percent leased at the time of sale — is anchored by Safeway. Other tenants at the property include Staples, Harbor Freight Tools, Planet Fitness, Five Below and MarinHealth Medical Center. Brixton plans to improve the property, which was built in 1971 and renovated in 1996, with parking lot and exterior enhancements, roof replacements, new paint and landscaping, and upgrades to the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts