Grocery-anchored

Post-Commons-Melbourne-Fla
FloridaGrocery-anchoredInvestment salesNews

CrossMarc, MCB Acquire 202,050-Square-Foot Shopping Center in Melbourne, Florida

by Hayden Spiess

Melbourne, Fla. — A joint venture between CrossMarc Services LLC and MCB Real Estate — in partnership with Peaceable Street Capital — has purchased Post Commons, a 202,050-square-foot shopping center located in Melbourne. The property was 96 percent leased at the time of sale to tenants including Publix, which occupies 44,270 square feet; Beall’s; Pet Supermarket; Burlington; and Five Below. Marcus & Millichap represented the undisclosed seller in the transaction. Flavia Kanyago of CrossMarc will handle leasing at the center.

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Gallatin-Crossing-Bozeman-Mont
DevelopmentGrocery-anchoredMontanaNews

Shopping Center in Bozeman Undergoes $50 Million Redevelopment, Signs Montana’s First Whole Foods Market

by Hayden Spiess

Bozeman, Mont. — Gallatin Valley Mall, a retail center located in Bozeman, is currently undergoing a multi-phase, $50 million redevelopment. To be known as Gallatin Crossing, the property will be mixed-use and feature retail, entertainment and medical space. The latter will include a 45,000-square-foot Medical Pavilion that brings together Intermountain Healthcare and Ortho Montana PSC. Whole Foods Market will also join the property with a location that marks its first in the state. The first phase of development for the project, which began in September 2022, is scheduled for completion …

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Kroger-Merchants-Square-Riverdale-Georgia
FinanceGeorgiaGrocery-anchoredIndianaInvestment salesNews

IPA Arranges $25.2 Million Acquisition Financing for Kroger-Anchored Properties in Indiana, Georgia

by Hayden Spiess

Indianapolis and Riverdale, Ga. — Marcus & Millichap’s IPA Capital Markets division has arranged $25.2 million in financing for the acquisition of Linwood Square and Merchants Square. The retail centers are anchored by Kroger and located in Indianapolis and Riverdale, Georgia, respectively. Sunny Sajnani and Duke Dennis of Marcus & Millichap arranged the financing through two separate, undisclosed banks on behalf of the borrower, Essential Growth Properties (EGP). Financing was secured in the form of five-year loans. The loan for Linwood Square is floating rate with an interest-only period of …

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Gateway-Commons-Palmetto-Fla
FloridaGrocery-anchoredLeasingNews

Six New Tenants Join Gateway Commons in Palmetto, Florida

by Hayden Spiess

Palmetto, Fla. — Primerica Developments Inc. has announced the addition of six new tenants to Gateway Commons, a shopping center located in Palmetto, off of Tampa Bay. New tenants include Pure Barre, Mid Florida Insurance Group and The Blend Coffee & Cocktails, as well as three as yet unnamed tenants including a fast-food restaurant, a wireless provider and a medical group. Existing tenants at the shopping center include Publix Super Market, Jet’s Pizza, Hornback Chiropractic & Wellness, Nail Boutique and Spa, Yummy Tokyo Asian Fusion Bistro and Dental Care at …

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Kendig-Square-Willow-Street-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Brokers Sale of 186,749-Square-Foot Retail Center in Southern Pennsylvania

by Hayden Spiess

Willow Street, Pa. — Northpath Investments has sold Kendig Square, a 186,749-square-foot retail center located in Willow Street, roughly 70 miles west of Philadelphia. Christopher Munley, Jim Galbally, Colin Behr and James Graf of JLL Capital Markets represented Northpath in the transaction. Kendig Square, which was 95 percent occupied at the time of sale, is anchored by Weis Markets, a grocer with over 30 years of tenancy at the property. Additional tenants include Rite Aid, Planet Fitness, Dollar Tree, PNC Financial Services, UPS and Dollar General. Triple Bar Properties Inc. …

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Liberty-Square-Wauconda-Ill
Grocery-anchoredIllinoisInvestment salesNews

AmCap, Encore Acquire 107,431-Square-Foot Shopping Center in Chicago Suburb

by Hayden Spiess

Wauconda, Ill. — AmCap Inc., in a joint venture with Encore Enterprises, has acquired Liberty Square, a 107,431-square-foot retail center located in the Chicago suburb of Wauconda. Anchored by a 54,522-square-foot Jewel-Osco, the shopping center was 97 percent leased at the time of sale to tenants including UPS, Charter Fitness, KFC, Subway, Pet Supplies Plus and PNC Bank. This acquisition marks AmCap’s fifth grocery-anchored retail center in the Chicago area. Ben Wineman of Mid-America Real Estate Corp. brokered the transaction.

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Redondo-Plaza-Gardena-Calif
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $15.1 Million Sale of Shopping Center in Gardena, California

by Hayden Spiess

Gardena, Calif. — JLL Capital Markets has brokered the sale of Redondo Plaza, a 28,000-square-foot retail center located in Gardena. Gleb Lvovich, Daniel Tyner, Geoff Tranchina and Bryan Ley of JLL represented the seller, Storm Properties, in the $15.1 million transaction. JLL also procured the private, 1031-exchange buyer. Redondo Plaza, which was 100 percent leased at the time of sale, is anchored by Aldi. Tenants include Domino’s Pizza, T-Mobile, Jackson Hewitt, Super Laundry and Crazy Rock’n Sushi.

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Super-Tropical-Foodmarket
Grocery-anchoredLeasingNew JerseyNews

Super Tropical Foodmarket Signs 15,800-Square-Foot Lease in South Plainfield, New Jersey

by Hayden Spiess

South Plainfield, N.J. — Super Tropical Foodmarket is set to open a 15,800-square-foot location at Clinton Corners, a retail center located roughly 30 miles outside of New York City in South Plainfield. Other tenants at the 30,300-square-foot shopping center include Burger King and T&J Fish Market. Vanessa Fernandez-Kelty of Levin Management Corp. secured the lease on behalf of the undisclosed landlord.  

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Southern-Plaza
Grocery-anchoredIndianaInvestment salesNews

First National Realty Partners Acquires 268,000-Square-Foot Shopping Center in Indianapolis

by Hayden Spiess

Indianapolis — First National Realty Partners (FNRP) has acquired Southern Plaza in Indianapolis for an undisclosed price. A 59,500-square-foot Kroger store anchors the 268,000-square-foot shopping center. A tenant at the center since 1990, Kroger recently updated its storefront and renovated the interior. Additional tenants at the property include Ross Dress for Less, Harbor Freight, Oak Street Health, Goodwill, Rue 21, Qdoba, Cosmo Prof, BMO Bank and Sally Beauty. John May of Prodigy Real Estate Group represented the undisclosed seller in the transaction.

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New City Shopping Center
Grocery-anchoredInvestment salesNew YorkNews

KABR Group, BTF Purchase 125,110-Square-Foot Shopping Center in New City, New York

by Hayden Spiess

New City, N.Y. — The KABR Group, in partnership with BTF, has purchased New City Shopping Center, a 125,110-square-foot property located in New City, roughly 40 miles north of New York City. The grocery-anchored retail center was 96 percent leased at the time of the $30 million sale. Jose Cruz, J.B. Bruno, Kevin O’Hearn, Michael Oliver, Steve Simonelli, Andrew Scandalios and Austin Pierce of JLL Capital Markets represented the undisclosed seller in the transaction.

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