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Safeway at Brandywine Crossing
FinanceGrocery-anchoredMarylandNews

First National Realty Completes Refinancing of 231,036-Square-Foot Power Center in Metro DC

by Abby Cox

Brandywine, Md.  — First National Realty Partners (FNRP) has completed the refinancing of Brandywine Crossing, a 231,036-square-foot regional power center located in Brandywine, approximately 20 miles southeast of Washington, D.C. The four-year loan includes future funding for approved leasing expenses and the facilitation of the release of escrowed funds held by the previous lender. Since acquiring the center in March 2022, FNRP has increased occupancy from 89 percent to 95 percent by securing 12 new leases and six renewals with tenants including Marshalls, Visionworks and Salon Lofts. The firm also secured …

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Fullerton Metrocenter
CaliforniaGrocery-anchoredInvestment salesNews

Space Investment Partners Acquires 395,703-Square-Foot Retail Center in Fullerton, California, for $118 Million

by Abby Cox

Fullerton, Calif. — Corona del Mar, California-based Space Investment Partners has acquired Fullerton Metrocenter, a 395,703-square-foot community center located in the Orange County city of Fullerton, for $118 million. The deal marks the largest sale of a retail asset in Orange County in the past eight years, according to Eastdil Secured, who represented the seller in the transaction. Originally built in 1988 and renovated in 2002, the center is situated on roughly 30 acres near California State University Fullerton. Sprouts Farmers Market, Target and PetSmart anchor the property, which was …

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Manchester Square
GeorgiaGrocery-anchoredInvestment salesNews

Legacy Realty Group Arranges Sale of 174,459-Square-Foot Shopping Center in Columbus, Georgia 

by Abby Cox

Columbus, Ga. — Legacy Realty Group has arranged the sale of Manchester Square, a 174,459-square-foot shopping center located in Columbus. Situated at the intersection of Woodruff Farm and Milgen roads, Food Depot anchors the property. Other tenants include Ollie’s Bargain Hunt, O’Reilly Auto Parts, Planet Fitness, Subway, T-Mobile, H&R Block, Unlimited Wireless, Peluso’s Italian Restaurant and Rainbow Fashions. Built in 1988, the property sits on 22 acres. Jacob Baruch, Jonah Warshaw and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller, Arkansas-based CORE Equity Partners, in …

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Woodmont Village
GeorgiaGrocery-anchoredInvestment salesNews

Matthews Real Estate Negotiates Sale of Woodmont Village in Metro Atlanta

by Abby Cox

Canton, Ga. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot brokered the transaction. Aubuchon Realty Co. was the buyer.

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FloridaGrocery-anchoredNews

GBT Realty Breaks Ground on 30,500-Square-Foot Shopping Center in Metro Orlando

by Abby Cox

Clermont, Fla. — GBT Realty Corp. has broken ground on Hammock Ridge Commons, a 30,500-square-foot shopping center located in Clermont, approximately 25 miles east of Orlando. An entity doing business as Shoppes at Hammock Ridge Crossing LLC sold the original 3.7-acre land parcel to GBT for $2.5 million. A 23,273-square-foot Sprouts Farmers Market will anchor Hammock Ridge Commons, while additional tenants at the property will include a dentist and nail salon. Roughly 1,700 square feet of inline space is still available for lease at the center. J. Raymond Construction Corp. is …

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Admiral Junction
Grocery-anchoredInvestment salesNewsWashington

JLL Facilitates $35.4 Million Sale of Admiral Junction in West Seattle

by Abby Cox

Seattle — JLL Capital Markets has facilitated the $35.4 million sale of Admiral Junction, a 67,992-square-foot shopping center located in West Seattle. A 60,876-square-foot Safeway anchors the center, which comprises 82 percent of the property. The remaining 7,116 square feet is dedicated to additional retail tenants including Menchie’s Frozen Yogurt and Verizon Wireless. Daniel Tyner, Geoff Tranchina, Gleb Lvovich and Zach Koucos of JLL’s Investment Sales and Advisory team represented the buyer, Silver Star Ventures, in the transaction.

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University Shoppes
Grocery-anchoredInvestment salesNewsSouth Carolina

Legacy Realty Arranges Sale of 66,004-Square-Foot Shopping Center in Metro Myrtle Beach

by Abby Cox

Conway, S.C. — Legacy Realty Group Advisors LLC has arranged the sale of University Shoppes, a 66,004-square-foot shopping center located in Conway, approximately 15 miles outside Myrtle Beach. Situated near Coastal Carolina University and Conway Medical Center, the center is anchored by Food Lion. Additional tenants at the property include Family Dollar, Beach Wine and Spirits, Papa Johns Pizza, Eggs Up Grill, Spice C Noodle, Conway Nutrition and Ala Mario’s Pizza. The property also features an outparcel that houses Chipotle Mexican Grill. Jacob Baruch and Jonah Warshaw of Legacy Realty …

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Plaza North Shopping Center
Grocery-anchoredInvestment salesNebraskaNews

Investors Realty Negotiates $14.5 Million Sale of Plaza North Shopping Center in Omaha, Nebraska

by Abby Cox

Omaha, Neb. — Locally-based Investors Realty has negotiated the $14.5 million sale of Plaza North Shopping Center, a 203,250-square-foot shopping center located in Omaha. Baker’s Supermarket anchors the property, which was 92 percent leased at the time of sale. Additional tenants include Fowling Warehouse, Altitude Trampoline Park, Planet Fitness and Archwell Health. Ember Grummons of Investors Realty represented the seller, an entity doing business as Plaza North Station LLC. Sam Seelenfreund of Cleeman Realty Group represented the buyer, Sky Capital Group, in the transaction.

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Shopper's Haven
FloridaGrocery-anchoredNews

Stiles, FCA Partners Complete Redevelopment of 200,144-Square-Foot Retail Center in Metro Fort Lauderdale

by Abby Cox

Pompano Beach, Fla. — A partnership between Stiles and FCA Partners has completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 10 miles north of Ft. Lauderdale. A new Publix Supermarket — which opened June 26 — anchors the center. Hawkins Construction served as the project’s general contractor, while Dunphy Development provided additional development and construction management services. First Horizon Bank provided financing for both the acquisition and redevelopment. Redevelopment of the site featured ground-up construction of the new Publix, along with upgrades to the property’s exterior, …

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Triangle at Classen
Grocery-anchoredInvestment salesNewsOklahoma

Bain Capital, 11North Partners Acquire Three Lifestyle Retail Centers in Oklahoma City for $212 Million

by Abby Cox

Oklahoma City — A joint venture between Bain Capital and 11North Partners has acquired three open-air, lifestyle retail centers in Oklahoma City for $212 million. The nearly 40-acre portfolio includes Nichols Hills Plaza, The Triangle at Classen Curve and Classen Curve, which totals 290,598 square feet, according to Oklahoma City Retail. Located near Integris Baptist Medical Center and Chesapeake Energy Corp., the three centers are anchored by Whole Foods and Trader Joe’s. There are more than 50 additional tenants throughout the properties, including Warby Parker, lululemon, West Elm, Anthropologie, Sephora and …

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