Grocery-anchored

JLL Arranges $26.7 Million Refinancing for Alcove on Arapahoe Shopping Center in Boulder, Colorado

by Alex Tostado May 13, 2020

Boulder, Colo. — JLL Capital Markets has secured $26.7 million in refinancing for Alcove on Arapahoe, a community shopping center in Boulder. The firm placed the 10-year, fixed-rate loan with Nationwide for the borrower, an existing co-investment partnership that Regency Centers manages. Built in 1957 and renovated in 2019, Alcove on Arapahoe offers 159,050 square feet of retail space. Tenants include Safeway, HomeGoods, Verizon Wireless and Flower Child. Tarik Bateh, Kristian Lichtenfels and Jennifer Swanson of JLL Capital Markets arranged the financing for the borrower.

May 13, 2020

Grocery-anchored Investment sales Michigan News Retailers

SRS Brokers $4.6 Million Sale of Aldi-Occupied Property in Suburban Detroit

by Alex Tostado May 13, 2020

Clawson, Mich. — SRS Real Estate Partners has brokered the $4.6 million sale of an 18,549-square-foot property occupied by Aldi in Clawson, a northern suburb of Detroit. The building serves as an anchor to the larger Clawson Shopping Center, which is home to Staples, Rite Aid and Dollar Tree. Patrick Luther and Matt Mousavi of SRS represented the seller, a Texas-based real estate holding company. Frank Rogers and Michael Carter of SRS represented the buyer, a Midwest-based private investor completing a 1031 tax-deferred exchange. The sales price represents a cap …

May 13, 2020

California Company news Grocery-anchored News Retailers

NewMark Merrill Gives Away $14,000 in Groceries Amid COVID-19 Crisis

by Alex Tostado May 11, 2020

Woodland Hills, Calif. — NewMark Merrill Cos. has launched Waves of Kindness, a program to aid communities during the COVID-19 crisis. NewMark Merrill began the program earlier this month, working with its grocery partners to give over $14,000 in groceries to more than 380 families. Customers were given $50 vouchers as they checked out. “While the retail industry is experiencing its challenges, it is our communities that need our help and support first and foremost during this crisis,” said Sandy Sigal, NewMark Merrill Chief Executive Officer. “We will continue to implement …

May 11, 2020

Grocery-anchored Industry Content Leasing Malls Operations Restaurants Texas Webinar

Webinar: Texas Retail Reboot — What Does the Future of Retail Look Like Post-Coronavirus?

by Sarah Daniels May 7, 2020

On May 7, Texas Real Estate Business and Shopping Center Business magazines hosted “Texas Retail Reboot,” a webinar taking an in-depth look at what the Texas retail real estate community needs as the state reopens after statewide shutdowns due to COVID-19. The coronavirus pandemic isn’t over, but Texas retail is adjusting to a new normal, including figuring out what retail will look like going forward. What will the future of Texas retail look like post-coronavirus? Find out what industry experts have to say about these topics and more: How will Texas retailers …

May 7, 2020

Finance Grocery-anchored New York News Retailers

NorthMarq Arranges $16.5 Million Loan for Refinancing of Shopping Center in Wallington, New Jersey

by Alex Tostado May 6, 2020

Wallington, N.J. — Northmarq has arranged a $16.5 million loan for the refinancing of Wallington Plaza, a 94,297-square-foot shopping center in Wallington, a northwestern suburb of New York City. A local bank provided the permanent loan, which carries a floating interest rate, a seven-year term and a 30-year amortization schedule. A ShopRite grocery store anchors the property, which is located at 375 Paterson Ave. Other tenants include a pet supplies store and a liquor store. Robert Ranieri of NorthMarq arranged the loan.

May 6, 2020

California Grocery-anchored Investment sales News Retailers

Hanley Investment Brokers $2.6 Million Ground Lease Sale of Aldi-Occupied Asset in Southern California

by Alex Tostado May 6, 2020

Calexico, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the absolute triple-net ground lease sale of a single-tenant retail property located at 2450 Rockwood Ave. in Calexico. A Vero Beach, Florida-based private investor sold the asset to a Midwest-based buyer for $2.6 million. Aldi occupies the 18,000-square-foot property on a triple-net lease. The asset is situated on a 1.5-acre pad at the entrance to a Walmart Supercenter, which is the first Walmart location north of the Calexico/Mexico border crossing. Additional adjacent retailers include Jack in the Box, T-Mobile, …

May 6, 2020

Alabama Grocery-anchored Investment sales News Retailers

SRS Negotiates $18.3 Million Sale of Publix-Anchored Shopping Center Near Birmingham

by Alex Tostado May 1, 2020

Hoover, Ala. — SRS Real Estate Partners’ National Net Lease Group has negotiated the $18.3 million sale of Shops at Tattersall Park, a fully leased, grocery-anchored shopping center in Hoover. At the time of sale, the property was leased to Publix, Goodwill and regional tenants F45, Clean Juice and a nail boutique. The seller was an undisclosed Florida-based developer that built the property in 2019. Shops at Tattersall is situated within the 78-acre, master-planned Tattersall Park development, which is 12 miles southeast of downtown Birmingham. Matthew Mousavi and Patrick Luther …

May 1, 2020

Arizona Company news Grocery-anchored News Retailers

Sprouts Farmers Market Expands Grocery Pickup, Delivery Service to 30 Texas Stores

by Alex Tostado April 30, 2020

Phoenix — Sprouts Farmers Market has expanded its grocery pickup and delivery platform to 30 of its store in Texas as the Phoenix-based grocer faces heightened demand amid the COVID-19 outbreak. Customers may choose between same-day pickup and ordering several days in advance. Sprouts has partnered with Instacart to roll out its delivery service and plans to have it available at its 340 nationwide stores by early May. Sprouts currently operates about 45 stores in Texas, with two more slated to open in the coming months in Houston and Tyler.

April 30, 2020

Finance Florida Grocery-anchored News Retailers

NorthMarq Arranges $14 Million Refinancing for Village Square Shopping Center Near Miami

by Alex Tostado April 29, 2020

Pembroke Pines, Fla. — NorthMarq has arranged a $14 million refinancing for Village Square Shopping Center, an 88,529-square-foot property in Pembroke Pines. The property features a Publix and two outparcels leased to Bank of America and McDonald’s. Village Square is situated at 1601-1697 N. Hiatus Road, 25 miles north of downtown Miami. An undisclosed life insurance company provided the loan, which features one year of interest-only payments followed by a 20-year amortization schedule. Michael Balan of NorthMarq represented the undisclosed borrower in the transaction.

April 29, 2020

Colorado Grocery-anchored Investment sales News Retailers

Marcus & Millichap Arranges $6.8 Million Sale of Natural Grocers-Occupied Retail Asset in Denver

by Alex Tostado April 29, 2020

Denver — Marcus & Millichap has arranged the sale of a retail property located at 18471 Green Valley Ranch Blvd. in Denver. The newly constructed building traded for $6.8 million, setting a nationwide pricing record for a fee-simple Natural Grocers store, according to Marcus & Millichap. Cory Gross of Marcus & Millichap’s Denver office represented the undisclosed buyer and undisclosed seller in the deal. Natural Grocers occupies the 13,000-square-foot property on a 15-year triple-net lease basis. The organic and natural foods grocery store is set to open in the coming …

April 29, 2020

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