Grocery-anchored

Flower-Hill-Promenade-Del-Mar-Calif
CaliforniaFinanceGrocery-anchoredNews

JLL Arranges $245 Million Refinancing for Six-Property Portfolio in California

by Hayden Spiess

Irvine, Calif. — JLL Capital Markets has secured $245 million in refinancing for a portfolio of six commercial real estate properties across California. The portfolio includes three retail centers in coastal Orange County. Anchored by CVS/pharmacy, Aliso Creek Shopping Center comprises 49,149 square feet in Laguna Beach and is 92 percent leased. Flower Hill Promenade is a 168,249-square-foot retail center located in Del Mar. Anchored by Whole Foods Market, the center is 95.6 percent occupied. The final retail property, The Landing, is located in Newport Beach. Comprising 44,289 square feet, …

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340-River-Street-Cambridge-Mass
Grocery-anchoredInvestment salesMassachusettsNews

Benderson Development Acquires 53,400-Square-Foot Retail Center in Cambridge

by Hayden Spiess

Cambridge, Mass. — Benderson Development has purchased a 53,400-square-foot retail center located at 340 River St. in Cambridge. Anchored by a 40,000-square-foot Whole Foods Market and a 13,000-square-foot Walgreens, the property is approximately one mile from both Harvard University and Massachusetts Institute of Technology.

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Shoppes-at-the-Heart-of-Tradition-Port-St.-Lucie-Fla
DevelopmentFloridaGrocery-anchoredLeasingNewsRestaurants

PEBB, Banyan Sign Aldi to Anchor 71,000-Square-Foot Retail Center Development in Southern Florida

by Hayden Spiess

 Port St. Lucie, Fla. — PEBB Enterprises and Banyan Development have finalized a lease with Aldi at Shoppes @ the Heart of Tradition, a 71,000-square-foot retail center to be constructed on 15 acres in Port St. Lucie. Occupying 19,231 square feet, the supermarket will anchor the center, which is located within the master-planned Tradition Community. PEBB and Banyan are scheduled to break ground on the project in February of 2023, with the center expected to open in early 2024. Other tenants at the property will include Kyle G’s Amore Chop …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Anchor Investments Acquires 208,000-Square-Foot Shopping Center Near Charlotte

by Hayden Spiess

Gastonia, N.C. — Anchor Investments LLC has purchased Dixie Village Shopping Center, a 208,000-square-foot retail center in Gastonia, approximately 22 miles west of Charlotte. Big Lots and WOW Grocery anchor the property, which is located at 2587 West Franklin Blvd.

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Hillcrest-Marketplace_Mobile
AlabamaGrocery-anchoredInvestment salesNews

Legacy Realty Brokers $7.4 Million Sale of Hillcrest Marketplace Shopping Center in Mobile

by Hayden Spiess

Mobile, Ala. — Legacy Realty Group Advisors has brokered the $7.4 million sale of Hillcrest Marketplace, a 76,000-square-foot shopping center located at 6300 Grelot Road in Mobile. Anchored by grocer Winn-Dixie, the property was 95 percent leased at the time of sale. Jacob Baruch and Max Yardeni of Legacy Realty represented both the buyer and seller in the transaction.

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Vons
CaliforniaGrocery-anchoredInvestment salesNews

Newmark Arranges $137 Million Sale of Three Shopping Centers in Metro Los Angeles

by Hayden Spiess

La Verne and Montebello, Calif. — Newmark has brokered the sale of a portfolio featuring three grocery-anchored retail centers totaling 400,000 square feet, all located near Los Angeles. Pete Bethea, Glenn Rudy, Rob Ippolito, Bill Bauman and Kyle Miller of Newmark represented the seller, Combined Properties Inc., in the $137 million transaction. Institutional investor EDENS acquired the properties. The first property, The Commons at La Verne, spans 120,720 square feet in La Verne, California. The center is anchored by Vons and Ross Dress for Less. The second property, Foothill Plaza, …

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Interlock_Phase2_Atlanta
DevelopmentGeorgiaGrocery-anchoredMixed-useNews

SJC Ventures Tops Out Second Phase of $750 Million Interlock Mixed-Use Development in Atlanta

by Hayden Spiess

Atlanta — SJC Ventures has topped out the second phase of The Interlock, a $750 million mixed-use project located in Atlanta’s West Midtown district. The second phase, built by Choate Construction and anchored by a 42,000-square-foot Publix, features 275,000 square feet of commercial space and 670 units of student housing for Georgia Tech students. Construction on the second phase began in May 2021. Additionally, four new retailers have inked leases at The Interlock. Pinky Promise Champagne Bar, The X Pot, City Nails and GoodVets will join the tenant lineup. Previously …

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shoppes-at-parker-commons-aurora-colo
ColoradoGrocery-anchoredInvestment salesNews

JLL Arranges $8.3 Million Sale of Shopping Center in Metro Denver

by Hayden Spiess

Aurora, Colo. — JLL Capital Markets has brokered the sale of Shoppes at Parker Commons, a 32,297-square-foot retail center located in Aurora, approximately 10 miles outside of Denver. Peakview Realty acquired the property for $8.3 million. Jason Schmidt of JLL represented the seller, an entity doing business as Special Servicer LNR Partners LLC. Built in 1987, the property was 92 percent leased at the time of sale. Tenants at the center include anchor H-Mart, H&M Dental, Farmers Insurance Group, O’Hair Salon, Volcano Tea House, Neo Lashes and Nails and QQ …

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Allendale-Town-Center-Allendale-NJ
Grocery-anchoredLeasingNew JerseyNews

Azarian Realty Leases 5,400 Square Feet at Allendale Town Center in Northern New Jersey

by Hayden Spiess

Allendale, N.J. — Azarian Realty Co. has arranged two new leases at Allendale Town Center, a 90,000-square-foot shopping center located in Allendale in Northern New Jersey. Bergen County Pediatric Dentistry will occupy 2,270 square feet and the center, and AM/PM Walk-In Urgent Care will occupy 3,100 square feet. Kevin Pelio of Azarian, which is the exclusive leasing and managing agent for the property, represented both the landlord and tenants in the transactions. Primo Hoagies, a sandwich shop, is also scheduled to open at the center in 2023, leasing 2,008 square …

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Man-O-War_Lexington_Kroger
FinanceGrocery-anchoredKentuckyNews

Cronheim Originates $8 Million Loan for Kroger-Anchored Shopping Center in Lexington, Kentucky

by Hayden Spiess

Lexington, Ky. — Cronheim Mortgage has originated an $8 million permanent loan for Man O’ War Place, a 174,638-square-foot shopping center in Lexington. Dev Morris and Andrew Stewart of Cronheim arranged the financing through American United Life Insurance Co. on behalf of the borrower, an affiliate of Equity Management. Situated about four miles south of the University of Kentucky, Man O’ War Place was 95 percent leased at the time of sale to tenants including Kroger Marketplace, Feeders Supply, Lexington Urgent Care, Hooters, Edible Arrangements, Bright Tiger Dental, The Little …

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