Grocery-anchored

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AlabamaFinanceGrocery-anchoredNews

Northmarq Arranges $22.5 Million Refinancing of Shopping Center in Huntsville, Alabama

by Hayden Spiess

Huntsville, Ala. — Northmarq has arranged the $22.5 million refinancing of Village on Whitesburg, a 118,356-square-foot shopping center located in Huntsville. Randy Wolfe of Northmarq’s Atlanta office secured the permanent, fixed-rate financing on behalf of the undisclosed borrower through a commercial bank. The loan features a seven-year term and 25-year amortization schedule. The Fresh Market anchors the property, which is home to tenants including AT&T, Bonefish Grill, Drake’s, Nadeau, Panera Bread and Learning Express.

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Market-Place-at-Town-Center-El-Dorado-Hills-Calif
CaliforniaFinanceGrocery-anchoredNews

Gantry Secures $16.8 Million Refinancing for Retail Center in Metro Sacramento

by Hayden Spiess

El Dorado Hills, Calif. — Gantry has arranged the $16.8 million refinancing of Market Place at Town Center, a retail center located in El Dorado Hills, roughly 30 miles northeast of Sacramento. Comprising 134,600 square feet, the property is anchored by Nugget Markets. Robert Slatt and Andrew Ferguson of Gantry secured the 10-year, fixed-rate permanent loan on behalf of the borrower, a private investor. A regional bank provided the financing.

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Greater-Lewistown-Plaza-Burnham-Pennsylvania
Grocery-anchoredInvestment salesNewsPennsylvania

Axiom Realty Acquires 177,752-Square-Foot Shopping Center in Central Pennsylvania

by Hayden Spiess

Burnham, Penn. — Axiom Realty Services has acquired Greater Lewistown Plaza, a 177,752-square-foot shopping center in Burnham. Weis Markets anchors the center, which was 94 percent leased at the time of sale. Other tenants include J.C. Penney, Dunham’s Sports, Geisinger Health and Citizens Bank. Bennett Williams of Bennett Williams Commercial represented the seller, Northpath Investments, in the transaction.

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Carolina-Springs-Plaza_Margate
FinanceFloridaGrocery-anchoredNews

MMCC Arranges $10 Million Refinancing for Carolina Springs Plaza Shopping Center in South Florida

by Hayden Spiess

Margate, Fla. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10 million loan for the refinancing of Carolina Springs Plaza, a grocery-anchored, 125,500-square-foot shopping center located in Margate. El Bodegon Supermarket has anchored the 13.4-acre property since 2011. Robert Bhat of MMCC’s Miami office arranged the 10-year, fixed-rate loan, which features a 25-year amortization schedule and 70 percent loan-to-value ratio. The borrower and direct lender were not disclosed.

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Applewood-Centre-Omaha-Neb
Grocery-anchoredInvestment salesNebraskaNews

Hanley Investment Group Brokers $17.2 Million Sale of Omaha Shopping Center

by Hayden Spiess

Omaha, Neb. — Hanley Investment Group Real Estate Advisors has arranged the $17.2 million sale of Applewood Centre, a 112,005-square-foot shopping center located in Omaha. Hy-Vee anchors the property, which was 98.6 percent occupied at the time of sale. Jeff Lefko and Bill Asher of Hanley represented the seller, Woodsonia Real Estate, in the all-cash transaction. A Portland-based family office purchased the property. Hy-Vee has occupied the property since the shopping center’s original construction and has expanded and renovated its store over the past 10 years, adding a drive-thru to …

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Cullman-Shopping-Center-Cullman-Ala
AlabamaGrocery-anchoredInvestment salesNews

FNRP Acquires 304,935-Square-Foot Shopping Center in Cullman, Alabama

by Hayden Spiess

Cullman, Ala. — First National Realty Partners (FNRP) has purchased Cullman Shopping Center, a 304,935-square-foot retail center located in Cullman, roughly 50 miles north of Birmingham. A 45,600-square-foot Publix anchors the property, which features other tenants including Belk, Dick’s Sporting Goods, Ross Dress for Less, Ulta Beauty, Five Below and PetSmart. Kyle Stonis of SRS represented the undisclosed seller in the transaction.

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Loyal-Plaza-Williamsport-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

FNRP Purchases 289,000-Square-Foot Shopping Center in Central Pennsylvania

by Hayden Spiess

Williamsport, Pa. — First National Realty Partners (FNRP) has acquired Loyal Plaza, a 289,000-square-foot shopping center located in Williamsport. A 67,000-square-foot Giant Food anchors the property, which is leased to tenants including Hobby Lobby, Planet Fitness, Rite Aid, Advance Auto Parts and Truist Bank. Colin Behr and Chris Munley of JLL represented the undisclosed seller in the transaction.

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Lewistown-Plaza-Burnham-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

Northpath Investments Sells 177,752-Square-Foot Pennsylvania Retail Center

by Hayden Spiess

Burnham, Pa. — Northpath Investments has sold Lewistown Plaza, a 177,752-square-foot retail center located in Burnham. Axiom Realty acquired the property, which was 94 percent occupied at the time of sale. Weis Markets anchors the center, which features tenants including JCPenney, Dunham’s Sports, Geisinger Health and Citizens Bank. Bennett Williams represented Northpath in the transaction.

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GeorgiaGrocery-anchoredInvestment salesNews

ShopOne Acquires 68,744-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Kennesaw, Ga. — ShopOne Centers REIT Inc., with partners Pantheon and an undisclosed institutional investor, has purchased Kennesaw Walk, a Publix-anchored 68,744-square-foot shopping center located in Kennesaw, approximately 30 miles northwest of Atlanta. Tenants at the center, which was 89 percent leased at the time of sale, include Subway, H&R Block, Supercuts and State Farm Insurance. This acquisition brings the joint venture’s portfolio to 10 properties comprising over 1 million square feet.

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Grocery-anchoredHawaiiInvestment salesNews

JLL Arranges $37.3 Million Sale of Western Maui Shopping Center

by Hayden Spiess

Lahaina, Hawaii — JLL Capital Markets has arranged the sale of Lahaina Gateway, a retail center comprising 135,996 square feet in the West Maui community of Lahaina. U.S. Realty Partners Inc. acquired the property for $37.3 million. Bryan Ley, Gleb Lvovich, Geoff Tranchina and Keenan Sue of JLL represented the seller, an institutional investment firm, in the transaction. Anchored by Foodland Farms, Ace Hardware and Ross Dress for Less, the property was 77 percent occupied at the time of sale, with upcoming leases that will bring occupancy to 90 percent. …

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